根据中国银行股份有限公司深圳市分行（下称"中国银行"）与中国信达资产管理股份有限公司深圳市分 公司（下称"中国信达深圳分公司"）于2025年9月22日签署的《不良资产批量转让协议》，中国银行已 将其对《公告清单》（详见附件）所列借款人及其担保人享有的主债权及担保合同项下的全部权利，依 法批量转让给中国信达深圳分公司。中国银行及信达资产特联合公告通知各借款人及担保人以及相关债 务承继人（如有）。 中国信达深圳分公司作为上述债权的受让方，现公告要求《公告清单》中所列借款人及其担保人（包括 相关债务承继人），从公告之日起立即向中国信达深圳分公司履行主债权合同及相关文件约定的还本付 息义务及其他相应义务。本公告未尽事宜，以双方签订的转让合同为准。 特此公告。 中国银行股份有限公司深圳市分行 中国信达资产管理股份有限公司深圳市分公司 2026年1月23日 注：1.《公告清单》仅列示截至转让基准日（转让基准日为2025年8月6日）的债权本金余额，借款人和 担保人（包括相关债务承继人）及义务主体应支付的利息、罚息、复利、违约金及其它应付款，按借款 合同、担保合同及中国人民银行的有关规定或生效法律文书确定的为准。已经进入诉讼 ...

先锋领航表示："先锋旗下的LifeStrategy基金于2011年推出，旨在鼓励多元化投资。"该公司称，随着英 国投资者对全球多元化投资的接受度提高，英国平均的"本土偏好"已逐渐降低。 此举正值英国政府寻求向基金管理人施压，要求其增加对英国资产的配置，以期振兴该国疲软的金融市 场。部分英国养老基金经理已同意通过《公馆大厦协定》(Mansion House Accord)，将其至少5%的资产 投资于国内私募市场，这是政府试图将数百亿英镑资金引入基础设施项目和小型企业计划的一部分。 但一些公司抵制引入自愿性最低英国资产配置比例的措施，认为此类举措会妨碍其降低风险。他们主 张，基金管理人和财务顾问在法律上有义务确保其行为纯粹是出于客户的最佳财务利益。 先锋领航在周四的声明中表示："对'本土偏好'的调整，将平衡英国投资者持续投资本土市场的意愿与 全球多元化投资组合带来的收益。先锋领航仍致力于英国市场，并对其未来持乐观态度。" 全球最大资产管理公司之一先锋领航集团对其英国主要基金系列进行重大调整，计划降低对英国本土股 票和债券的配置。这一举措与英国工党政府引导资金投资国内市场的目标背道而驰。 根据周四发布的声明，先锋领 ...

在2026年世界经济论坛次日的重磅小组讨论中，全球最大的资产管理公司贝莱德CEO、" 华尔街教父"拉里·芬克 （Larry Fink，管理14万亿美元资产）、最成 功的对冲基金之一 城堡证券创始人肯·格里芬 （Ken Griffin，管理650亿美元资产）、 欧洲央行行长克里斯蒂娜·拉加德 （Christine Lagarde）以及著名经济历 史学家 亚当·图兹 （Adam Tooze）齐聚一堂。 在这场被Griffin戏称为"末日与阴霾（gloom and doom）"的讨论中，嘉宾们 深刻剖析了 AI 技术爆炸、飙升的主权债务以及地缘政治碎片化，如何将全球经济 推向一个危险的、"酷似 1929 年前夕"的十字路口——那个在技术狂欢后走向大萧条的时代。 核心要点提炼： 历史镜像： 欧央行行长拉加德与历史学家Adam Tooze 警告，当前的 "技术繁荣+贸易保护+地缘政治分裂" 与 1920 年代走向 1930 年代大萧条的路径存在惊人相似。 债务危机： 城堡证券创始人Ken Griffin抨击各国政府（尤其是美国）的"鲁莽支出"是当前市场的最大威胁，而非私人资本市场。"所有政府都在超支，几乎毫无例外。" ...

Group 1 - The report indicates that multi-strategy approaches, particularly A-share equity strategies and CTA strategies, are currently favored. Equity assets have returned to a state of fluctuation, with enhanced index strategies showing signs of recovery, and there are still opportunities for allocation in A-share equity strategies. In the context of ongoing trends in precious metals like gold and silver, as well as increased volatility in non-ferrous metals, CTA strategies continue to play a role in enhancing returns and reducing volatility in asset allocation [7][55]. - The performance of bank wealth management products has been positive overall, but there has not been a corresponding expansion in scale. Products in the commodity and derivative categories, as well as equity-related wealth management products, have led the gains. However, aside from a slight net increase in mixed wealth management products, the remaining categories have generally seen a decline in their existing scale [32][55]. Group 2 - In the recent week, the performance of multi-strategy approaches showed that small-cap index enhancement and CTA strategies led the gains, with the median return of public neutral strategies turning positive. Large-cap index enhancement strategies, however, showed weaker returns [10]. - The report highlights that the public neutral strategy products have seen an overall recovery in returns, with the highest, lowest, and median returns for public neutral strategy products being 2.39%, -1.05%, and 0.18% respectively. Private neutral strategy products had returns of 3.38%, -5.26%, and -0.43% respectively [26][27]. - The private CTA strategy remains strong, with the highest, lowest, and median returns for private CTA strategy products being 6.09%, -1.94%, and 0.35% respectively, indicating robust performance in the context of ongoing trends in precious metals and increased volatility in commodities [29][31].

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 上证报中国证券网讯（记者 王彭）进入2026年以来，黄金延续去年强势表现，继续走高。展望2026年 的资产配置，在当前多重不确定因素扰动的背景下，施罗德投资多元资产投资团队建议投资者做多黄金 与原油，同时增配全球价值股。 施罗德投资多元资产团队表示，尽管市场近期出现波动，其对于黄金的积极观点保持不变。在当前政策 不确定性上升、投资者对美债与美元长期地位产生疑虑的背景下，黄金被视为极有效的风险分散工具。 与此同时，该团队对原油价格也转向看好。 总体而言，周期性风险目前尚在可控范围，但结构性隐忧，尤其是人工智能（AI）相关循环交易及市 场集中度问题正逐渐显现。在此环境下，团队建议通过以下方式平衡对整体股市的乐观态度：增配全球 价值股、做多黄金与原油，并相应减配长存续期债券与美元。 施罗德投资多元资产团队表示，在当前宏观经济条件理想、企业盈利持续增长及全球广泛财政刺激的共 同支撑下，该机构对股市整体保持乐观态度。就美国市场而言，财政刺激政策与降息预期为美股提供动 力，加上失业率维持低位，经济衰退风险有限。考虑到部分美股板块估值偏高，团队已将配置进一步 ...

Private Equity Market Review - The private equity market is experiencing significant activity, with traditional asset managers increasingly entering the alternative investment space through acquisitions and joint ventures [4][6]. - Invesco is expanding its private market strategy by partnering with LGT Capital Partners to create diversified alternative asset portfolios for U.S. retail and retirement clients, marking at least the second major collaboration since April [4]. - The acquisition of Golden Goose by HSG, valued at over €2.5 billion, indicates ongoing investor interest in European luxury brands despite industry pressures [4]. Hedge Fund Market Overview - The Bloomberg Hedge Fund Index recorded a preliminary increase of 0.9% last month, with the equity hedge fund index leading at an 18% increase year-to-date [4]. - Qube Research & Technologies Ltd. signed a significant lease for approximately 146,000 square feet in Hong Kong's Central Business District, indicating growth and expansion in the hedge fund sector [4]. - The performance of various hedge fund strategies as of December 31, 2025, shows equity hedge funds leading with a 1.19% return for the month and 18.16% year-to-date [5]. Market Dynamics - The private equity market is seeing a trend where traditional stock and bond managers are making substantial moves into alternative markets, enhancing the penetration of private assets into broader retail and long-term funding groups [4]. - The ongoing regulatory pressures in the South Korean private equity market are drawing attention, highlighting the challenges faced by firms operating in that region [6].

随着鲍威尔大概率卸任主席，其是否留任理事成焦点——留任将保留货币政策话语权，也可能成为抵御 特朗普干预的屏障。 摘要今日周四(1月22日)亚盘时段，黄金t+d目前交投于1069.28元附近，截至发稿，黄金t+d暂报1071.65 元/克，跌幅0.69%，最高触及1093.80元/克，最低下探1069.28元/克。目前来看，黄金t+d短线偏向看跌 走势。 【最新黄金t+d行情解析】 今日周四(1月22日)亚盘时段，黄金t+d目前交投于1069.28元附近，截至发稿，黄金t+d暂报1071.65元/ 克，跌幅0.69%，最高触及1093.80元/克，最低下探1069.28元/克。目前来看，黄金t+d短线偏向看跌走 势。 【要闻速递】 当地时间1月21日，特朗普在达沃斯论坛表示，历时数月的美联储主席遴选已近尾声，候选名单从最初 11人缩至"或许只剩一人"，但未透露具体姓名。热门人选包括前理事凯文.沃什、现任理事克里斯托弗. 沃勒、国家经济委员会主任凯文.哈塞特及贝莱德高管里克.里德。因特朗普更希望哈塞特留任现职，其 或退出角逐。 特朗普延续对美联储施压，其试图罢免理事丽莎.库克的举动正由最高法院审理。若鲍威尔被撤主 ...

Group 1 - Global financial leaders warn that government fiscal irresponsibility and geopolitical fragmentation may negate the productivity gains from AI [3][4] - The discussion at the World Economic Forum highlighted the parallels between the current economic climate and the pre-Great Depression era, particularly in terms of technological advancements and political failures [4][7] - Ken Griffin emphasized that the core risk in 2026 is not from private capital markets but from reckless government spending, with U.S. national debt reaching $38 trillion [5][7] Group 2 - Adam Tooze pointed out that the current technological boom, driven by AI, mirrors the 1920s' electrification and mass production, but political failures could lead to economic collapse [4][7] - Christine Lagarde noted that global trade is under unprecedented pressure due to geopolitical fragmentation and tariffs, which could hinder the scale effects needed for AI [4][10] - The average tariff between the U.S. and Europe has surged from 2% to over 12%, with a potential rise to 15%, impacting inflation and economic growth [10][11] Group 3 - Larry Fink stated that AI is not a bubble but will lead to significant failures, creating a "K-shaped" economy where large firms benefit disproportionately [6][8] - The cost of developing cutting-edge AI models is around $1 billion, and U.S. capital expenditure on data centers is projected to reach $600 billion this year [8][10] - Lagarde warned that geopolitical divisions and protectionism could obstruct the data flow necessary for AI efficiency [8][10] Group 4 - The discussion highlighted the importance of central bank independence in managing fiscal policies and avoiding reliance on monetary solutions to address structural imbalances [12][33] - Lagarde emphasized that not all debt is equal, and productive investments will always find funding, while non-productive debt will face challenges [33][42] - The need for cooperation in managing AI's development and its implications for society was underscored, with concerns about energy consumption and social consequences [32][34]

宏利投资管理高管认为，整个中国市场都将有不错的表现，存在创造价值的机会。 2026年开年，地缘政治动态和特朗普政策议程再次扰动全球市场。贵金属牛市冲天，"美国例外论"是否会因此越发式微的论调再度备受关注。与此同时，美 国总统特朗普与美联储的冲突升级使得美联储独立性受侵蚀的风险再起。 宏利投资管理（Manulife Investment Management）股票与多元资产首席投资官兼高级投资组合经理内森·索夫特（Nathan W.Thooft）近日在接受第一财经专 访时表示，正是在诸多不确定性因素叠加的背景下，非美资产越来越受欢迎，由此带动的贵金属狂潮、对非美市场的看好仍会持续。 非美投资趋势显著，对中国股市更乐观 无论投资股市还是债市，对于全球投资者而言，索夫特称，全球市场今年将继续呈现参与度扩大的趋势，"去年有许多非美国经济体的股票市场表现远好于 美国，今年这种趋势很可能会持续，全球部分地区的表现将继续优于美国。这一方面是因为美国市场估值已经偏高，另一方面是因为美国股票的持仓比例已 经很高——在许多投资组合中，美国股票已经处于超配状态，很难再进一步增加持仓。" 在索夫特看来，最重要的一点是，还是因为美元在 ...

Core Insights - The selection process for the new Federal Reserve Chair, initiated in September last year, is nearing completion with a significant reduction in candidates [1] - The final candidate is expected to be a highly respected male figure [1] Candidate Overview - The candidate landscape has shifted notably, with former frontrunner Kevin Hassett opting to remain in his current position, thus withdrawing from the race [3] - The two most prominent candidates now are former Fed Governor Kevin Walsh and BlackRock's Head of Fixed Income, Rick Riedel [3] - Walsh has extensive experience and has been a focus of attention during the selection process, especially after Hassett's decision [3] - Riedel's profile has risen significantly, having previously engaged in discussions with the Treasury Secretary regarding key operational reforms at the Fed [3] Confirmation Environment - The current scrutiny environment is impacting the selection of the Fed Chair nominees, with Riedel viewed as a candidate likely to pass Senate confirmation due to his limited political involvement [4] - Riedel's work philosophy aligns closely with the current administration's expectations, enhancing his candidacy [4] - The selection of the new Fed Chair is a critical juncture following a year of changes within the institution, with the current Chair Powell's term ending in May [4]