【大河财立方消息】2月4日，漯河投资控股集团有限公司2026年面向专业投资者非公开发行公司债券获上交所受理。该债券拟 发行金额30亿元，承销商/管理人为国联民生证券承销保荐有限公司。2025年8月5日，经中证鹏元综合评定，发行人主体信用 评级为AA+，评级展望稳定。 责编:陶纪燕 | 审核:李震 | 监审:古筝 | 债券名称 | 漯河投资控股集团有限公司2026年面向专业投资者非公开发行公司债券 | | --- | --- | | 品种 | 私募 | | 拟发行金额(单位:亿元) | 30 | | 发行人 | 漯河投资控股集团有限公司 | | 承销商/管理人 | 国联民生证券承销保荐有限公司 | | 交易所确认文件文号 | - | | 项目状态 | 已受理 | | 更新日期 | 2026-02-04 | | 受理日期 | 2026-02-03 | ...

Core Viewpoint - Gold prices have continued to rise due to increased safe-haven demand, driven by geopolitical tensions between the U.S. and Iran, with spot gold reaching $5,071.79 per ounce, marking the largest single-day increase since 2008 [1] Group 1 - Gold prices surged by 2.7% in one trading session, reflecting heightened geopolitical risks [1] - The recent military actions, including the U.S. shooting down an Iranian drone, have enhanced gold's appeal as a safe-haven asset [1] - Analysts predict that gold prices may reach $5,100 in the near term and could hit $5,600 by the end of April, with a year-end target of $6,000 per ounce [1]

Core Viewpoint - The Federal Reserve is likely to maintain interest rates unchanged in the foreseeable future, especially with the nomination of Waller as the next Fed Chair, amidst a resilient U.S. economy and rising inflation risks [1][3]. Economic Outlook - The combination of loose financial conditions, relaxed monetary policy, and upcoming large-scale fiscal stimulus (OBBA Act) may lead to a nominal GDP growth of 5-6% in the U.S. this year [1]. - The Dallas Fed tracks Q4 GDP growth at 2.49%, while the New York Fed's real-time forecast is at 2.74%, achieved even during a prolonged government shutdown [1]. Federal Reserve's Position - The Fed acknowledged stronger economic growth and shifted its risk balance from employment targets, describing economic activity as "robust" rather than "moderate" [3]. - The Fed Chair Powell indicated that the policy rate is no longer in a restrictive zone, with the current rate close to the estimated neutral rate of around 3.25% [3]. Dollar Dynamics - The dollar has depreciated approximately 11% over the past year, but with the Fed likely to remain cautious in the coming months, dollar shorts should be wary at current valuation levels [3][10]. - The weak dollar theme has been driven by various factors, including the U.S. Treasury's engagement with the Japanese Ministry of Finance, which has contributed to the dollar's decline [8]. Future Fed Leadership - Waller's nomination as the next Fed Chair is seen as a response to political dynamics, with him being viewed as a more establishment candidate and potentially facing less resistance during confirmation [6]. - Historically, Waller has been more hawkish than other candidates, prioritizing inflation control over employment considerations, and is expected to implement rate cuts only when absolutely necessary [6][7]. Market Implications - The current economic conditions and the Fed's emphasis on independence suggest that the future of the Fed may be less susceptible to political interference, which is viewed positively by investors who value central bank independence for global financial stability [10].

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 2026年2月4日 陈竞婷女士简历 公司董事会对保荐代表人胡洪波先生在公司持续督导期间所做出的贡献表示衷心感谢！ 特此公告。 四川天微电子股份有限公司 董事会 四川天微电子股份有限公司（以下简称"公司"）于近日收到国金证券股份有限公司（以下简称"国金证 券"）出具的《关于更换四川天微电子股份有限公司持续督导保荐代表人的函》。 国金证券作为公司首次公开发行股票并在科创板上市的保荐机构，根据《证券发行上市保荐业务管理办 法》《上海证券交易所科创板股票上市规则》等有关规定，原委派胡洪波先生、唐宏先生为该项目持续 督导的保荐代表人。持续督导期限自首次公开发行股票并在科创板上市之日起至2024年12月31日止。鉴 于公司募集资金尚未使用完毕，国金证券将继续对公司募集资金存放与使用情况履行持续督导职责。 胡洪波先生因工作变动，不再担任公司首次公开发行A股股票并在科创板上市的持续督导的保荐代表 人，为保证持续督导工作有序进行，国金证券现委派保荐代表人陈竞婷女士（简历详见附件）接替胡洪 波先 ...

2月3日，上交所官网发布的数据显示，2026年1月A股新开户491.58万户，环比去年12月的 259.67万户增长89%，同比2025年1月的157.0万户增长213%。 招商证券策略观点认为，展望2月，在前期监管释放降温信号和ETF大幅流出后，市场在未来 一段时间将会以震荡为主。今年2月有春节长假，春节长假之前，由于有长假期缺少明确的催 化剂，预计市场活跃度会进一步下降。春节之后，由于临近两会召开，政策催化将会加速出 现，春节之后指数有望有更好的表现。 （声明：文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。） 出品丨21财经客户端 21世纪经济报道 编辑丨高雅宁 张嘉钰 法国司法部门搜查X平台办公室并传唤马斯克 库迪核心单品涨价超30%，取消全场9.9元，店员称对生意影响不大 黄金白银暴力反弹，上金所、上期所再出手 SFC 21君荐读 A股新开户数已成为反映市场情绪最敏感的"晴雨表"之一。2026年首月A股市场交出了一份亮 眼的成绩单，492万户的新开账户数为市场注入了新活力，这也表明开年以来，市场热度在年 末基础上急剧升温。 1月上交所A股新开户数的进一步大幅增长，与当月A股市场行情的进一 ...

智通财经APP讯，广发证券(01776)发布公告，广发证券股份有限公司(以下简称"发行人"或"公司")已于 2025年4月16日获得中国证券监督管理委员会"证监许可〔2025〕818号"文获批可面向专业投资者公开发 行面值余额不超过300亿元(含)的短期公司债券(以下简称"本次债券")。 本期债券简称为"26广发D2"，债券代码为"524665"。本期债券每张面值为100 元，发行数量不超过6,000 万张(含)，发行价格为人民币100元/张。本期债券发行总规模为不超过60亿元(含)。本期债券的询价区 间为1.20%-2.20%，发行人和主承销商将于2026 年2月4日(T-1 日)向投资者利率询价，并根据利率询价 情况确定本期债券的最终票面利率。 ...

Group 1 - The sell-side industry is experiencing a new wave of personnel changes since the end of 2025, with at least five chief analysts from Zheshang Securities leaving, many opting to join other brokerages in January 2026, thereby forfeiting the opportunity to participate in the 2026 New Fortune Best Analyst Awards [1][2] - The research departments of brokerages are among the most volatile in terms of talent movement, influenced by factors such as brokerage rankings, shareholder changes, and compensation incentives [1][2] - Zheshang Securities has seen significant personnel turnover, including the departure of key analysts like Liang Fengjie, who was recognized as a top performer in the banking research sector [2][3] Group 2 - Guosheng Securities is also facing a similar wave of departures, with several star analysts leaving, attributed to changes in the company's actual controller and management [5] - The brokerage's commission income has declined, ranking 21st in the industry with a revenue of 0.95 billion yuan in the first half of 2025, down one position from the previous year [5] - The industry is witnessing a trend where established firms are losing ground to emerging players, with companies like Huayuan Securities and Guojin Securities actively recruiting new analysts [6][7] Group 3 - Traditional leading institutions are experiencing a decline in rankings and personnel, with Guotou Securities losing 10 analysts, a 12% decrease, and its commission income dropping significantly from 4.485 billion yuan in 2021 to 0.419 billion yuan in the first half of 2025 [8][9] - The competitive landscape is becoming increasingly challenging, with mergers among major brokerages like Guotai Junan and Haitong leading to a clearer hierarchy in the sell-side research industry [9]

2月3日，上交所数据显示，2026年1月A股新开户491.58万户，环比增长89%，同比增长213%。 编辑丨瑜见 | 关于 > 刊物 > 上证统计月报 > | | | | | | --- | --- | --- | --- | --- | | 上证统计月报 | | | | | | | 代码 / 简称 / 关键词 | Q | | | | 上证统计月报 | 投资者 | | | | | 市场概况 | 账户新开户状况表 (单位:万户)敷据日期:2026-01 | | | | | 证券指数 | 日期 总数 | A 取 | 8 服 | ਸ਼ੋਤ | | 上市公司 | | | | | | 会员 | 2026.01 546.27 | 491.58 | 0.05 | 54.63 | ...

光大证券公告，拟发行不超50亿元公司债券，分为两个品种、可互拨，募集资金将用于补充流动资金。 本期债券品种一期限为3年，品种二期限为5年。本期债券品种一的询价区间为1.4%-2.4%，品种二的询 价区间为1.5%-2.5%。 ...

Investment Rating - The industry outlook for the Chinese financial sector is rated as Attractive [5]. Core Insights - The Chinese financial industry is expected to enter a positive cycle in 2026 after hitting a low in 2025, characterized by a gradual recovery in new loans and financial asset yields, orderly digestion of high-risk financial assets, stable credit costs, and active capital markets [1][8]. - Key favorable trends for financial stocks in 2026 include stable nominal GDP growth, a shift in policy support from credit to fiscal measures, steady digestion of existing financial risks, reduced policy intervention in loan growth and pricing, and decreased policy volatility [1][8]. Summary by Sections Economic Environment - The macroeconomic team forecasts stable nominal GDP growth in 2026, slightly higher than in 2025, providing an optimal opportunity for financial sector investment [8]. - The shift in policy support from monetary to fiscal will help control financial risks and support financial asset yields in 2026 [8]. Financial Asset Yields - Financial asset yields are expected to gradually recover in the second half of 2026, driven by a slowdown in loan supply, a renewed focus on risk pricing, and alleviation of deflationary pressures [2][10]. - The banking sector's net interest margin is anticipated to bottom out in the first half of 2026 and rebound later due to delayed deposit repricing [12][13]. Growth in Financial Assets - Continuous strong growth in household financial assets, projected to maintain over 10% growth in 2026, will support robust growth in bank fee income and double-digit growth in insurance premiums [14][17]. - The capital market is expected to remain active, further enhancing the revenue streams for banks and insurance companies [14][19]. Credit Risk Management - The credit growth rate has slowed to 6%, with a significant reduction in new risk accumulation, indicating a shift from expansion to digestion and mitigation of financial risks [15][16]. - The banking system is expected to continue digesting high-risk financial assets, with non-performing loans being managed effectively [16]. Stock Recommendations - The insurance sector is favored, with Ping An being the top pick due to its structural growth potential and product innovation [2][17]. - In the banking sector, Bank of Ningbo is highlighted for its strong revenue and profit growth, while Minsheng Bank shows potential for recovery [2][18]. - For brokerage firms, CICC and Futu are recommended due to their market positions and growth prospects [2][19].