北京商报讯（记者 刘卓澜 冯若男）1月16日上午，由北京市商务局指导，北京市商业联合会和北京商报社联合主办的2025年度（第十九届）北京商业论坛在 北京国际饭店成功举办。本届论坛以"潮尚聚变·新需求与新供给"为主题，汇聚政、产、学、研、媒各界代表，围绕时尚消费与潮流趋势展开深度对话，为 消费扩容、商业提质与品牌破局贡献智慧。论坛上，北京十大商业品牌活动组委会与宁波银行北京分行签署战略合作协议，北京十大商业品牌活动方代表北 京商报社社长兼总编辑李波涛与宁波银行北京分行行长陈辰共同签约。此次战略签约后，双方将共同探索金融服务如何加速与服务场景融合发展、更好满足 消费领域金融服务需求等。 据了解，2025年正值宁波银行北京分行成立15周年，自2010年扎根首都以来，北京分行始终秉持"支持实体经济，服务中小企业"的经营宗旨，积极融入首都 经济生态，持续加大对本地中小企业转型升级的金融支持力度。从宁波到北京，十五年深耕首都，不断适应市场变化，深入企业场景，提供贴合区域特色的 综合金融服务。 近年来，宁波银行通过整合跨界资源，构建起"金融+非金融"多元化服务生态，逐步实现从传统"资金提供者"向"资源整合者"的战略转型。北 ...

广西金融监管局已发布柳州银行股权变更批复，同意广西国控资本运营集团有限责任公司（以下简 称"广西国控资本"）受让11家主体所持柳州银行股份，合计30.84亿股。 具体来看，此次受让股份涉及柳州市财政局9.14亿股、柳州东通投资发展有限公司4.87亿股、广西柳州 市东城投资开发集团有限公司3.87亿股、柳州市龙建投资发展有限责任公司3.07亿股、广西柳州市建设 投资开发有限责任公司2.33亿股、柳州市温馨房地产开发有限责任公司2.2亿股、柳州市城市投资建设发 展有限公司2亿股、广西柳州市投资控股集团有限公司1.48亿股、广西柳州市农业基础设施投资建设集 团有限公司1.07亿股、柳州市房地产开发有限责任公司8000万股，以及柳北区财政局19.99万股。 股权受让完成后，上述11家转让主体中，除柳州市城市投资建设发展有限公司、广西柳州市东城投资开 发集团有限公司、柳州市龙建投资发展有限责任公司外，其余8家主体均不再持有柳州银行股份。广西 国控资本则以持有30.84亿股股份、67.44%的持股比例，成为柳州银行控股股东。 银行频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 ...

Group 1 - The China Securities Regulatory Commission has approved an adjustment to the financing margin ratio for investors, increasing the minimum margin from 80% to 100% for new financing contracts, aimed at reducing leverage and protecting investor rights [1] - The policy for tax refunds on housing transactions for residents has been extended until the end of 2027, allowing taxpayers to receive tax refunds on capital gains from selling their homes if they purchase a new home within one year [1] - A potential IPO boom is anticipated in 2026, with several top global tech companies, including OpenAI and SpaceX, preparing for their public offerings [1] Group 2 - The State Council Information Office will hold a press conference on January 15 to discuss the effectiveness of monetary and financial policies in supporting high-quality economic development [2] - China's foreign trade is projected to reach 45.47 trillion yuan in 2025, marking a 3.8% year-on-year increase, with December exports of rare earths surging by 32% [2] - The People's Bank of China will conduct a 900 billion yuan reverse repurchase operation on January 15, continuing a trend of increasing liquidity in the market [2] Group 3 - A-share market saw a trading volume nearing 4 trillion yuan, with the Shanghai Composite Index closing down 0.31% while the Shenzhen Component Index rose by 0.56% [3] - The Hong Kong Hang Seng Index increased by 0.56%, with significant net buying from southbound funds, particularly in Tencent Holdings [3] - Recent regulatory updates have imposed stricter requirements on fund dividends to ensure compliance and prevent manipulation [3] Group 4 - The insurance fund investment reform pilot has received an additional 40 billion yuan in approved funds, indicating a growing trend in long-term investments [4] - The A-share GEO (Generative Engine Optimization) concept has gained market attention, with several stocks experiencing significant price increases [4] - The Zhejiang Securities Regulatory Bureau has initiated an investigation into Sunflower's restructuring plan for misleading statements [5] Group 5 - The China Association of Automobile Manufacturers reported that both production and sales of automobiles in 2025 are expected to exceed 34 million units, maintaining China's position as the world's largest automotive market [9] - The 2026 work meeting emphasized enhancing the self-sufficiency of the supply chain in the new energy vehicle sector and promoting the application of new energy heavy trucks [9] Group 6 - The sixth batch of high-value medical consumables procurement results is expected to be implemented by May, covering various medical devices [10] - Shanghai has launched an action plan for autonomous driving, aiming to test L3-level vehicles and scale L4-level technology applications [10] Group 7 - Visa has partnered with BVNK to accelerate the adoption of digital assets in daily transactions, integrating stablecoin financing into its payment network [11] - OpenAI has signed a three-year agreement with Cerebras for a significant procurement of computing power, valued at over $10 billion [11] Group 8 - The U.S. Federal Reserve's Beige Book indicates modest to moderate economic growth across most districts, with consumer spending showing slight improvements [13] - The U.S. Treasury Department has issued warnings for citizens to leave Iran amid rising geopolitical tensions [13]

截至午间收盘，沪指跌0.22%报4103.45点，深证成指跌0.1%，创业板指微跌，科创50指数涨0.48%，沪 深北三市合计成交约2.01万亿元。 16日早盘，三大股指震荡回落，科创50指数相对强势，A股市场超3300股飘绿，半日成交超2万亿元。 盘面上看，传媒、石油、保险、煤炭、医药、银行等板块走低，汽车、半导体板块强势拉升，特高压、 存储芯片、人形机器人概念等活跃。 东莞证券认为，当前沪指在4100点附近形成技术性支撑，若不跌破该点位，后市仍有反复新高的可能。 近期美元指数呈现反弹态势，然而人民币汇率依然保持稳健，整体汇率环境为A股提供了相对有利的支 撑。当前通胀水平温和回升，经济复苏的内生动能逐步修复，宏观基本面向好，有助于A股市场延续结 构性慢牛格局。从情绪层面观察，跨年行情仍有望持续展开，但短期内A股市场波动或有所加剧，投资 者宜保持谨慎乐观，着重在震荡中布局产业趋势明确、业绩具备韧性的结构性机会。 （文章来源：证券时报网） ...

Core Insights - Guangdong's financial development plays a crucial role in supporting the economy, with significant growth in loans and deposits, indicating a robust financial ecosystem [1][2][3] Financial Performance - As of the end of 2025, Guangdong's loan balance reached 29.9 trillion yuan, an increase of 10.3 trillion yuan, while deposit balance hit 38.7 trillion yuan, up by 12.0 trillion yuan, maintaining the highest financial volume in the country [1] - The social financing scale in Guangdong accumulated to 42.3 trillion yuan by November 2025, with a year-on-year growth of 6.9%, surpassing the nominal economic growth rate [2] - The average annual growth rates for deposits and loans were 7.7% and 8.9%, respectively, both exceeding the nominal economic growth during the same period [1] Sectoral Analysis - By the end of 2025, household deposits increased by 1.29 trillion yuan, while non-financial enterprise deposits rose by 3.57 trillion yuan, indicating a positive trend across various sectors [3] - The growth in loans to enterprises was significant, with a total increase of 1.34 trillion yuan, primarily driven by medium to long-term loans [3] Investment and Policy Impact - The acceleration of project investments is evident, with stable growth policies playing a vital role in this development, expected to enhance capital stock and investment expenditures in 2026 [4] - Financial resources in Guangdong are increasingly focused on major strategies and key sectors, aligning with high-quality economic development [5][6] Innovation and Support - Guangdong's financial sector has established a safety net for innovation, with various financial products aimed at supporting agriculture, small businesses, and technological advancements [7] - The average interest rate for newly issued loans in Guangdong was 3.32%, reflecting a decrease of 71 basis points from the beginning of the year, which helps reduce financing burdens for enterprises [7] Cross-Border Financial Integration - The financial integration within the Guangdong-Hong Kong-Macao Greater Bay Area has progressed from product interconnectivity to regulatory alignment, enhancing cross-border financial services [8][10] - Initiatives such as the "Cross-Border Wealth Management Connect" have facilitated significant capital flows, with 177,900 individual investors participating and a total of 131.3 billion yuan in fund transfers by the end of December 2025 [10] Future Outlook - The People's Bank of China Guangdong Branch plans to continue implementing a moderately loose monetary policy, focusing on directing financial resources towards innovation, advanced manufacturing, and green development in the upcoming "15th Five-Year Plan" [11]

Core Insights - The Asian Infrastructure Investment Bank (AIIB) has made significant strides in infrastructure financing under the leadership of its first president, Jin Liqun, who has completed a decade in office [1][9][15] - AIIB aims to be a specialized, efficient institution focused on infrastructure, differentiating itself from other multilateral development banks like the World Bank and ADB [1][9] - The bank has received the highest credit ratings from major international rating agencies, indicating strong financial stability and governance [2][10][14] Group 1: Achievements and Impact - Since its inception, AIIB has approved 360 projects with nearly $70 billion in financing, leveraging over $200 billion in infrastructure investments across Asia, Africa, and beyond [3][11] - Notable projects include the upgrade of Bangladesh's power distribution system, urban improvements in Indonesia, rural road projects in Côte d'Ivoire, and landslide risk reduction initiatives in Sri Lanka [3][11] - AIIB's projects are designed not only to be completed on time but also to significantly improve the lives of local communities and promote sustainable development [3][11] Group 2: Governance and Structure - AIIB's governance structure emphasizes a balance between developing and developed countries, with approximately 70% of shares held by regional members and 30% by non-regional members [5][13] - The bank has established a strong capital base and governance framework, which has helped it gain recognition as a key player in global development [2][10][14] - Jin Liqun has emphasized that AIIB is a "global public good" aimed at complementing the existing international financial system rather than serving the interests of any single country [6][14] Group 3: Future Goals and Strategies - AIIB plans to expand its annual financing to $17 billion by 2030, with a focus on increasing private capital involvement and ensuring that climate financing constitutes 50% of its approved financing [6][14] - The bank has built a broad global cooperation network, with over half of its projects co-financed with other multilateral development institutions [15] - The new president, Zhao Jia Yi, is expected to continue AIIB's positive trajectory and enhance its role in promoting regional connectivity and economic integration [15]

资料图：美联储主席鲍威尔。 中新社记者 沙晗汀 摄 国际金融机构密集表态 中新网1月16日电(记者 张乃月)美国联邦检察官对美联储主席鲍威尔发出传票并展开刑事调查后，多个 国际组织、经济体央行负责人以及美国财经界重量级人士相继声援鲍威尔，并强调美联储独立性的重要 性。 近日，中国人民大学重阳金融研究院研究员刘英接受中新网采访时表示，美政府政治干预央行的风险正 在上升，或对货币政策公信力和制度稳定性造成冲击。 美联储信誉承压 刘英认为，对现任美联储主席发出刑事调查，在美国法律和制度管理中极为罕见。如果白宫试图将美联 储主席这一原本属于专业治理体系的职位，转变为政策执行工具，将直接侵蚀央行的独立性，影响金融 系统的稳定性。 她进一步表示，一旦政治忠诚度取代专业能力，成为美联储主席候选人的关键筛选标准，将深刻重塑未 来美联储主席的遴选逻辑与货币政策走向。 刘英强调，当前美联储利率路径的不确定性在飙升，让外界担忧美联储内部出现分裂的可能，这不仅会 削弱美国货币政策的可信度，也会冲击美元作为全球储备货币的信用根基。 近期，包括美联储前主席伯南克、格林斯潘，美国财政部前部长耶伦、鲁宾，白宫经济顾问委员会前主 席伯恩斯坦、 ...

Core Viewpoint - The integration of party building work with business operations is a key strategy for the Dazhou branch of the People's Bank of China to lead high-quality business development through high-quality party building [1] Group 1: Mechanism Co-creation - The Dazhou branch focuses on political leadership by combining the spirit of the 20th National Congress with core work, detailing 383 learning items through lists and materials [2] - The branch has incorporated the deep integration of party building and business into key work and management systems, enhancing responsibility through various management methods [2] - In 2025, the Dazhou branch issued 77,000 "small change bags" totaling 28.5065 million yuan to meet residents' needs for small change [2] Group 2: Platform Co-construction - The Dazhou branch promotes 29 key projects under the "Party Building + Risk Tackling" initiative, creating a brand matrix with 11 sub-brands [3] - The branch has conducted 10 promotional activities related to foreign exchange policies, successfully addressing issues for local enterprises [3] - The branch has implemented a "green finance special action," with the national reserve forest project loan balance ranking first in Sichuan province [3] Group 3: Team Co-cultivation - The Dazhou branch has established a "dual mentor" system for talent development, selecting 27 young cadres to serve as party committee members or liaison officers [4] - The branch has organized 15 training sessions covering 223 party workers, emphasizing the importance of integrating party work into core business [4] - The branch has created 17 "Party Member Pioneer Posts" and conducted various activities to promote advanced models and their impact [4]

Group 1 - The demand for bank safe deposit boxes has surged due to the rising prices of gold and other precious metals, leading to a shortage of available boxes, especially smaller ones [1][8] - Many banks are now requiring clients to have a minimum financial asset threshold, often set at 1 million yuan, to rent a safe deposit box [1][5] - The price of gold futures recently exceeded $4600 per ounce, while silver prices approached $84 per ounce, both reaching historical highs due to geopolitical uncertainties [2][9] Group 2 - The supply of safe deposit boxes has not kept pace with the high demand, resulting in long waiting lists for potential renters [6][14] - Some banks have ceased offering new safe deposit box rentals due to high operational costs and limited profitability, indicating a potential decline in this service [14] - Banks are exploring innovative solutions, such as smart upgrades and service integration, to enhance operational efficiency and attract clients [15] Group 3 - The market anticipates that if gold and silver prices remain high, the demand for safe deposit boxes will continue to grow, driven by an increasing number of high-net-worth individuals seeking asset security [15]

道明银行还预期实物市场的一些再平衡将提升流动性，从而缓解此前引发市场出现前所未有的轧空行情 并推高至纪录新高的压力。 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 文章来源：金十数据 道明证券（TD Securities）的商品分析师再次低估了白银市场的动能。这家加拿大银行自去年10月以 来，其白银空头交易第二次被迫止损离场。 在周三发布的一份交易说明中（此时距其建立白银空头头寸仅一周），道明银行的商品分析师表示，他 们已平仓该头寸，蒙受了60.6万美元的损失。该行称，随着3月交割的白银期货价格飙升至每盎司93.70 美元的历史新高，其止损指令在银价达到每盎司93.15美元时被触发。 道明证券最初是在每盎司78美元的价位建立空头头寸的。在一周之内，白银价格暴涨超过19%。尽管这 种贵金属已从隔夜创下的历史高点回落，但在新年伊始，其价格累计涨幅仍超过21%。 在上周最初的交易说明中，该行高级商品策略师丹尼尔·加利（Daniel Ghali）曾表示，该行预计银价的 下行动能将增强，因为年度指数再平衡预计将从市场抽离约50亿美元资金。 然而，在他最新的说明中，加利表示指数再平衡已被市场充分消化。 ...