（文章来源：第一财经） 据报道，美国联邦住房金融局（FHFA）局长Bill Pulte表示，房利美和房地美的首次公开募股仍在考虑 中，房利美和房地美市值在5000亿-1万亿美元之间。 ...

人民财讯1月12日电，*ST岩石(600696)1月12日公告，经公司财务部门初步测算，预计公司2025年度营 业收入低于3亿元，且利润总额、净利润或者扣除非经常性损益后的净利润孰低者为负值。根据《上海 证券交易所股票上市规则》的相关规定，公司股票将因触及财务类退市情形被终止上市。 转自：证券时报 ...

2026年1月，全球金融市场见证历史性转折——世界黄金协会最新数据显示，截至2025年11月底，美国 以外国家持有的官方黄金储备价值达3.93万亿美元，正式超越同期海外官方持有的3.88万亿美元美债规 模。这是自1996年以来，黄金首次取代美债成为全球最大储备资产，标志着国际货币体系进入深度调整 期。 黄金的崛起反映着全球储备管理理念的变迁。传统上，美债凭借流动性优势和美元霸权地位，长期占据 储备资产核心位置。但近年来，美国财政赤字持续扩大，国债规模突破36万亿美元，叠加特朗普政府频 繁使用金融制裁工具，导致美债安全性属性弱化。中国社会科学院研究显示，2020-2025年间，美国国 债市场在三次风险事件中均出现流动性枯竭，违背了安全资产"避险天堂"的定位。 中国央行的持续增持成为这场变革的重要推手。截至2025年12月末，中国黄金储备达7415万盎司，较上 月增加3万盎司，实现连续14个月增持。尽管单月增量维持在低位，但全年累计增持86万盎司的规模， 折射出战略布局的长期性。东方金诚首席宏观分析师王青指出，中国黄金储备占外汇储备比重仅 9.5%，显著低于15%的全球平均水平，优化储备结构的内在需求驱动着持续购 ...

Group 1 - The U.S. Federal Reserve Chairman Jerome Powell is under criminal investigation by the Department of Justice related to his testimony regarding the Fed's office renovation project in Congress in the summer of 2025 [2] - This investigation marks an unprecedented escalation in the conflict between President Trump and the Federal Reserve, with Trump previously criticizing the Fed for not significantly lowering key interest rates [2] - The investigation is expected to impact the U.S. financial markets, potentially increasing borrowing costs for mortgages and other loans in the long term [2] Group 2 - The U.S. dollar index fell to 98.82 on December 12, with a decline of over 0.3%, marking the deepest annual drop since 2017 [2] - U.S. stock index futures also declined, with Nasdaq futures dropping over 0.9% and the S&P 500 index down over 0.6% on the same day [2] - In contrast, the Asia-Pacific financial markets performed strongly, and spot gold reached a historical high of $4601.38 per ounce on December 12 [2] Group 3 - Trump claimed he was unaware of the investigation into Powell and denied any intention to pressure Powell to lower interest rates [3] - The investigation was reportedly initiated by Bill Pulte, the Director of the Federal Housing Finance Agency, although some officials stated it was led by the Department of Justice [3] - Trump has indicated he has a preferred successor for Powell but has not publicly announced it, with potential candidates including Kevin Hassett and Kevin Walsh [3]

Core Viewpoint - The company has mutually agreed to terminate its compliance advisory agreement with Dongwu Securities International Financing Limited due to personnel changes, effective January 12, 2026 [1] Group 1: Termination of Agreement - The compliance advisory agreement with Dongwu Securities was originally signed on January 15, 2025, and will be terminated due to key personnel changes at Dongwu Securities [1] - The key project personnel responsible for compliance at Dongwu Securities has moved to China Ping An Capital (Hong Kong) Limited [1] Group 2: New Compliance Advisor Appointment - The company has appointed Ping An as its new compliance advisor, effective January 12, 2026, to ensure continuity in compliance advisory services [1] - The appointment of Ping An will remain in effect until the company complies with the listing rules regarding its first complete financial year after the initial listing, or until the termination of the agreement, whichever comes first [1] - Ping An is a licensed corporation under the Securities and Futures Ordinance (Cap. 571 of Hong Kong) authorized to conduct regulated activities related to providing advice on corporate finance [1]

Group 1 - UBS increased its stake in Jinli Permanent Magnet (06680) by 212,800 shares at a price of HKD 18.3292 per share, totaling approximately HKD 3.9005 million [1] - After the increase, UBS's total shareholding in Jinli Permanent Magnet reached approximately 11.7741 million shares, representing a stake of 5.02% [1]

新百利融资(08439)发布公告，于2026年1月12日，该公司斥资3850港元回购1.2万股股份，每股回购价 0.32-0.325港元。 ...

智通财经APP讯，新百利融资(08439)发布公告，于2026年1月12日，该公司斥资3850港元回购1.2万股股 份，每股回购价0.32-0.325港元。 ...

Core Viewpoint - The global precious metals market is at a historic turning point, with gold experiencing a remarkable 64% increase in 2025 and reaching a new all-time high by the end of December 2025 [1][2] Group 1: Market Dynamics - The strong recovery of gold prices at the end of 2025 demonstrates its resilience as a safe-haven asset, with bullish momentum taking control of the market [1][2] - The key driver behind the surge in gold prices is the profound change in the macroeconomic environment, particularly the sustained decline in U.S. real interest rates, which have reached their lowest level since 2023, significantly reducing the opportunity cost of holding non-yielding assets [3] - The expansion of public debt in developed economies is expected to rise to approximately 110% of GDP this year, undermining the credibility of traditional currencies [3] Group 2: Strategic Demand - Institutional investors and global central banks are anticipated to maintain strategic reserves of gold at a high level of 4,850 metric tons, nearing the peak levels seen since 2011 [3] - Recent geopolitical tensions, particularly military actions against key political figures in Latin America, have ignited safe-haven sentiments, leading to a rapid breakthrough of critical resistance levels in gold prices [3] Group 3: Future Outlook - Major institutions like HSBC and UBS predict that gold prices could reach the $5,000 mark in the first half of 2026, supported by the current market conditions [2][3] - The defensive attributes of gold as a safe-haven asset and its value in asset diversification are becoming increasingly prominent in the current turbulent financial environment, with a long-term bullish trend expected to continue into 2026 [4]

Core Viewpoint - The criminal investigation subpoena issued to Federal Reserve Chairman Jerome Powell has raised significant concerns regarding the independence of the Federal Reserve, leading to a sell-off of U.S. assets and a subsequent rally in Asian markets [1][4]. Market Performance - The Straits Times Index (STI) opened with an upward trend, reaching a peak of 4777.7 points during the day, before closing at 4766.78 points, up 22.12 points from the previous trading day, marking a recent high [3]. - The overall trading volume was moderate, with 1.53 billion shares traded and a total turnover of 1.34 billion dollars; 332 stocks rose while 220 fell, indicating a bullish market sentiment [3]. Sector Performance - Among the STI constituents, Hongkong Land was the top performer, rising by 2.98% to close at 7.96 dollars; other notable gainers included ST Engineering and Seatrium, which increased by 2.68% and 1.82%, respectively [3]. - Conversely, Jardine Matheson Holdings (JMH) experienced a decline of 1.12%, closing at 73.88 dollars, making it the largest loser among the constituents [3]. Regional Market Trends - The Asia-Pacific markets showed a strong performance, with the Shenzhen Composite Index rising by 1.75%, the Hong Kong market up by 1.44%, and the Shanghai Composite Index increasing by 1.09% [4]. - Seoul and Taipei markets continued their upward trend, driven by the AI sector, with increases of 0.84% and 0.92%, respectively; Sydney's market also rose by 0.52% [4]. Implications for Global Capital Flows - Concerns over the Federal Reserve's independence are expected to impact global capital flows, potentially enhancing the attractiveness of non-U.S. assets such as European and Asian stocks [4]. - Short-term benefits for Asia-Pacific markets are anticipated due to capital inflows, although there are warnings about potential market volatility stemming from escalating U.S. political and economic tensions [4].