港股黄金股盘初上扬，老铺黄金涨超8%，中国黄金国际涨超5%，山东黄金、招金矿业、灵宝黄金跟 涨。 ...

Market Overview - The Hong Kong stock market opened higher on January 23, with the Hang Seng Index rising by 0.87% to 26,861.36 points, the Hang Seng Tech Index increasing by 0.96% to 5,817.51 points, and the National Enterprises Index up by 0.96% to 9,201.85 points [1] - Major technology stocks saw significant gains, with Alibaba up by 3.88%, JD Group up by 2.63%, Xiaomi up by 0.74%, NetEase up by 0.77%, Meituan up by 0.31%, Kuaishou up by 1.26%, and Bilibili up by 1.4% [1] - Commercial aerospace stocks opened high, with Yunda Holdings rising over 5%, while new consumption concept stocks mostly increased, with Pop Mart rising over 4% [1] - Gold stocks generally rose, with Chifeng Jilong Gold Mining up over 4% [1] Corporate News - Prudential (02378.HK) invested approximately $375 million to increase its stake in PAMB to 70%, focusing on traditional life insurance business in Malaysia [2] - Nanjing Panda Electronics (00553.HK) expects a net profit of between 10 million to 15 million yuan for 2025, marking a turnaround from losses [3] - Delta Electronics (00179.HK) reported a revenue of $2.726 billion for the nine months ending December 31, 2025, a decrease of approximately $4 million compared to the same period last fiscal year [3] - AsiaInfo Technologies (01675.HK) anticipates revenue of approximately 6.2 billion to 6.35 billion yuan for 2025, with profits expected between 70 million to 110 million yuan [3] - Minmetals Resources (01208.HK) projects a total copper production of 506,900 tons in 2025, representing a year-on-year increase of 27% [4] - Charoen Pokphand International (03839.HK) issued a profit warning, expecting a net profit of approximately $32 million for 2025 [5] - Fosun Pharma (02196.HK) plans to spin off its subsidiary Fosun Antengene and list it on the Hong Kong Stock Exchange [6] - Hisense Home Appliances (00921.HK) and its subsidiaries subscribed to a trust financial product worth 2.035 billion yuan [7] - Xiaomi Group (01810.HK) repurchased 5.7138 million shares for approximately HKD 201 million at prices ranging from HKD 34.92 to HKD 35.24 [8] - Sunny Optical Technology (02382.HK) repurchased 1.25 million shares for approximately HKD 79.26 million at prices between HKD 62.45 and HKD 63.85 [9] - Kuaishou (01024.HK) repurchased approximately 380,000 shares for about HKD 29.97 million at prices ranging from HKD 78.55 to HKD 79.15 [10] - Jiangsu Ninghu Expressway (00177.HK) saw its controlling shareholder increase holdings by 28.4 million H-shares from January 9 to 21, 2026 [11] - Kanglong Chemical (03759.HK) completed a placement of 58.4408 million shares, raising a net amount of HKD 1.319 billion [12] - Ying Tai Medical (01501.HK) completed a placement of 35.20 million shares, raising approximately HKD 884 million [12] Institutional Insights - Industrial Securities suggests that the Hong Kong stock market may continue to trend upwards, noting that the recent tightening of funds is easing, leading to continued inflows from domestic investors [13] - Credit Suisse indicates a recovery in Hong Kong property prices, with some new developments experiencing strong sales, predicting a continued upward trend in property prices, albeit at a moderate pace due to cooling interest rate expectations [13] - CITIC Securities believes that the white liquor industry is at a turning point, suggesting that the current adjustment phase may present a bottoming opportunity for capital market investments as the Spring Festival approaches [13]

金价在早盘交易中攀升至历史新高，突破每盎司4960美元，有望实现超过7%的周涨幅。澳大利亚市 场，Regis Resources股价上涨高达9.1%，Evolution上涨8.4%，Greatland Resources上涨11%。日本市场， 住友金属矿山上涨4.9%。 受金价再创新高并逼近每盎司5000美元提振，亚洲黄金相关股票上涨，地缘政治风险和美联储独立性受 到的威胁进一步支撑了金价近期的上涨势头。 金价在早盘交易中攀升至历史新高，突破每盎司4960美元，有望实现超过7%的周涨幅。澳大利亚市 场，Regis Resources股价上涨高达9.1%，Evolution上涨8.4%，Greatland Resources上涨11%。日本市场， 住友金属矿山上涨4.9%。 责任编辑：王永生 受金价再创新高并逼近每盎司5000美元提振，亚洲黄金相关股票上涨，地缘政治风险和美联储独立性受 到的威胁进一步支撑了金价近期的上涨势头。 责任编辑：王永生 ...

Group 1 - The general aviation sector in A-shares has strengthened again, with multiple aviation-themed ETFs rising nearly 4%, while military and satellite-related ETFs have generally increased over 3% [1] - In contrast, previously popular sectors such as semiconductor equipment, power grids, and gold stocks have collectively cooled down, with several semiconductor equipment-themed ETFs dropping over 2% [1] Group 2 - The latest top ten heavy stocks from public funds have been disclosed, including Zhongji Xuchuang, Xinyi Sheng, CATL, Tencent Holdings, Zijin Mining, Alibaba-W, Cambricon, Luxshare Precision, Kweichow Moutai, and Dongshan Precision [1] Group 3 - To maintain ample liquidity in the banking system, the People's Bank of China will conduct a 900 billion yuan MLF operation with a one-year term on January 23, using a fixed quantity, interest rate bidding, and multiple price level bidding methods [1]

现货黄金首次突破4800美元/盎司并触及4835.28美元新高，带动国内金饰零售价格快速上调，周大福、老凤祥等足金普遍逼近1500元/克，部分门店单日上调 逾40元并出现"抢购"，黄金股与上海金ETF资金净流入显著。金价上行由地缘风险、央行持续购金、去美元化与降息预期共振推动，高位波动与回撤风险亦 在累积，消费者需重视渠道价差与回收折价。 一、金价创历史新高，零售端一天一换价签 现货黄金上破4800美元/盎司，盘中最高至4835.28美元，国际价格急涨迅速传导至国内零售端，多家金店集中调价。 三、资金与股市同步升温 金价上行带动相关资产走强，A股与港股黄金板块多只个股大幅上涨，部分标的盘中创阶段新高，资金面也给出佐证：截至1月21日，上海金ETF整体出现明 显净流入，广发上海金ETF近四日净流入约18.54亿元，富国、建信等产品分别吸金8.06亿元、3.02亿元，四日合计净流入约32.90亿元。 与实物零售的热度相对应，投资者通过ETF等工具加仓，成为推动行情的重要增量资金来源之一。 四、央行购金与"去美元化"共同发力 推动本轮黄金上行的核心因素来自多线共振： 地缘政治不确定性抬升避险需求：贸易摩擦、地区局势 ...

Core Viewpoint - The rising gold prices are driven by increased central bank purchases, expectations of interest rate cuts by the Federal Reserve, and heightened geopolitical tensions, leading to a renewed "gold rush" in the market. Group 1: Central Bank Purchases - Central banks are increasingly buying gold as a zero-credit-risk asset, which is not affected by sanctions or monetary policy, serving as a "safety cushion" for sovereign assets. In 2025, global central bank net gold purchases reached 1,136 tons, the second highest on record. The People's Bank of China has increased its holdings for 14 consecutive months, with countries like Poland and Brazil also ramping up their gold purchases [3][4][5]. Group 2: Economic Factors - There are expectations that the Federal Reserve will cut interest rates in 2026, prompting investors to replace a portion of U.S. bonds with gold [3]. Group 3: Geopolitical Tensions - Ongoing geopolitical issues, such as the Greenland dispute, U.S.-EU tariff threats, the Russia-Ukraine conflict, and Middle Eastern instability, have increased demand for safe-haven assets, with gold being a primary beneficiary [4][5].

专题：ATFX外汇专栏投稿 1月22日，ATFX：昨日随着美国市场从假期中回归，市场的震荡也显著上升，美国股指下跌超过2%， 标普500指数遭遇10月以来最大跌幅，抹去了2026年以来的涨幅。美元兑大多数主要货币走软，美债收 益率飙升触及四个月高位，30年期国债收益率攀升至接近5%。华尔街的回调以及其他金融市场的震 荡，让一些观察人士想起了去年四月，当时特朗普戏剧性的"解放日"贸易声明引发了市场动荡。 黄金作为传统的避险资产，价格也创下历史新高，昨日首次突破4700美元后，今早快马加鞭将新高刷新 自4800美元，等待明日美国公布GDP和PCE物价指数，但是在当前的避险氛围中，数据如果没有太大意 外，则市场仍会继续聚焦于避险买入黄金。 ▲ATFX图 美国总统特朗普没有放弃占领北极岛屿格陵兰岛的意图。格陵兰岛紧张局势升级，引发了人们对外国投 资者可能因贸易摩擦而抛售美国资产的担忧。美国威胁要对包括德国、法国和英国在内的八个反对其吞 并格陵兰岛计划的欧洲国家加征关税，此举引发了破坏性贸易战的担忧。有报道称，欧盟正在考虑对美 国进口商品征收价值930亿欧元的关税作为回应。 格陵兰总理表示，尽管军事入侵的可能性仍然很小 ...

格隆汇1月22日｜瑞士盈丰银行全委托组合香港区总监赵国江指出，金价经已触及该行之前所预测的历 史合理水平。尽管不排除金价短期内或因地缘政治等因素而进一步走高，甚至有机会进一步升至接近 5000美元/盎司，他提醒金价3至6个月内存在调整可能。他解释，黄金本身属资源的一种，其价格波动 较大，随时可能因为出乎预期的因素或借口，触发投资者削减持仓获利，继而出现调整。瑞士盈丰去年 初建议客户于投资组合内配置3%至4%黄金，但随着金价攀升，该行已呼吁客户逐步减持，最新建议的 持仓占比已降至2.5%左右。 ...

隔夜，现货黄金收盘上涨1.4%，报4830.56美元，金价盘中曾触及4888.59美元，刷新纪录高位，而在特朗普表态后，金价一度暴 跌至4755.55美元。今日亚市早盘，黄金突然遭遇一波抛售，目前在4830美元附近徘徊。 "格陵兰危机"转折! 隔夜，美国三大股指全线上涨，截至收盘，道指涨1.21%，标普500指数涨1.16%，纳指涨1.18%。 消息面上，特朗普称暂时不会对欧洲8国加征关税。 当地时间21日，美国总统特朗普在瑞士达沃斯举办的世界经济论坛年会上发表演讲。 随后，特朗普在社交媒体发文称，他已经同 北约秘书长吕特就未来达成有关格陵兰岛的协议制定了框架，因此不会实施原定于2月1日生效、对欧洲8国加征关税的措施。 美国不要格陵兰岛了? 根本不是。特朗普只是看似安抚一下欧洲，但很明确，美国不拿下格陵兰岛不罢休，因为"那是我们的地盘"。 不过，欧洲暂时大舒了一口气。 终于，特朗普承诺，不会对格陵兰岛动用武力，终于，特朗普宣布，暂时不加征关税。 但且慢，既然特朗普第二天能180度大转弯，那第三天，会不会又是180度，这样就360度了呢。 此外，在达沃斯世界经济论坛演讲中，特朗普还谈到了美联储。 北京时间1月2 ...

【20260122笔记晨会】 金价最近真是刹不住车，而曾经稳坐"财富王者"宝座的房产则有些让人唏嘘。 截至 2026 年 1 月 21 日，现货黄金（伦敦金现）日内最高触及 4888.43 美元 / 盎司， COMEX 黄金价格 更是攀升至 4891.1 美元 / 盎司的历史高点，向 4900 美元 / 盎司关口发起强力冲击，进入 2026 年以来国 点击上方 蓝字"笔记财经晨会" 关注我们 强烈推荐点击上方收听音频，用心更精彩！ 以下文章来源于笔记财经晨会 ，作者笔记小助手 笔记财经晨会 . 有观点的财经晨会 际金价累计涨幅已逼近 13% ，涨势超出市场预期。国内市场同步走强，沪金主力合约 2604 价格首度突 破 1100 元 / 克，品牌金饰价格更是持续飙升，老凤祥足金饰品报价达 1498 元 / 克，周生生报价 1495 元 / 克，单日涨幅均超 40 元 / 克，距离 1500 元 / 克大关仅一步之遥。 想象一下，黄金市场现在就像一场高潮迭起的动作大片。国际金价在 2026 年 1 月盘中触及 4880 美元 / 盎司，国内品牌金饰价格也逼近 1500 元 / 克大关。这背后是好几股强大的推力在同 ...