2026年伊始，全球金融市场的目光再度聚焦于美联储的政策动向。一边是非农就业数据不及预期，一边是核心CPI数据持续降温。两 股力量相互拉扯，让市场对美联储的降息预期处于摇摆之中。与此同时，地缘政治局势暗流涌动，更为这一预期增添了诸多不确定 性。 作为全球货币政策的"风向标"，美联储的政策走向不仅关乎美国经济的复苏前景，更深刻影响全球金融市场的格局。多重变量交织 之下，美联储的货币政策路径愈发扑朔迷离。 就业放缓与失业率韧性并存 非农就业报告向来是美联储研判劳动力市场景气度的核心依据，而2025年12月的这份报告却"喜忧参半"，为政策决策增添了变数。 上周五，美国劳工统计局公布的数据显示，美国12月非农就业人口增长5万人，预期6.5万人，前值6.4万人。劳工统计局还修正了10 月和11月的非农新增就业人数。修正后，10月和11月新增就业人数合计较修正前低7.6万人。 让人意外的是，失业率有所回落。美国12月失业率降至4.4%，预期4.5%，前值4.6%。失业率低于市场预期，暂时缓解劳动力市场恶 化的担忧，一定程度上提升市场对于美联储将"按兵不动"的预期。 美国非农就业数据公布后，美元指数和美债收益率震荡回升，贵 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 原标题：一港股上市公司停牌超8年后，今日摘牌 2026年开年以来，港交所GEM（创业板）迎来了新股BBSB INTL挂牌上市，同时，也有公司即将从创 业板摘牌退市。 1月14日晚间，FIRST CREDIT（第一信用金融集团有限公司，以下简称"第一信用"）公告，港交所将于 1月16日（周五）上午9时起取消公司的上市地位。 根据有关规定，如果香港证监会认为上市公司向市场发出的文件含有虚假、不完整或误导性数据或需维 护投资者利益，均可勒令其股份停牌。 事发后，第一信用公告称，公司董事会正就如何处理及解决香港证监会关注的事项，以及恢复股份的买 卖寻求法律意见，并将适时作出进一步公告。 记者注意到，第一信用停牌不久后，香港证监会又勒令暂停了两家公司的股份交易，分别是中国华仁医 疗（股份简称现为"京玖康疗"）和康健国际医疗，且援引的理由都是香港证券及期货条例第8（1）条。 上海证券报记者注意到，第一信用自2017年11月24日起停牌，至今已停牌超过8年，其间从未复牌。而 公司停牌的原因，还要从香港 ...

香港联交所最新资料显示，1月15日，中国新消费集团(08275)股东将股票由软库中华金融服务转入顺安 证券资产管理，转仓市值652.94万港元，占比5.58%。 近日，中国新消费集团发布公告，配售协议所载的所有条件均已达成，且配售事项已于2025年12月11日 完成。配售代理已根据配售协议的条款及条件，按配售价每股配售股份0.10港元成功向不少于六名承配 人配售合共1.44亿股配售股份，占紧随配售事项完成后经配发及发行配售股份扩大的本公司已发行股本 约15.00%。 ...

近日，中国新消费集团发布公告，配售协议所载的所有条件均已达成，且配售事项已于2025年12月11日 完成。配售代理已根据配售协议的条款及条件，按配售价每股配售股份0.10港元成功向不少于六名承配 人配售合共1.44亿股配售股份，占紧随配售事项完成后经配发及发行配售股份扩大的本公司已发行股本 约15.00%。 智通财经APP获悉，香港联交所最新资料显示，1月15日，中国新消费集团(08275)股东将股票由软库中 华金融服务转入顺安证券资产管理，转仓市值652.94万港元，占比5.58%。 ...

原标题：高市早苗错误言论影响日本多个产业（国际视点） 日本千叶县居民工藤博之对记者表示："我的父亲曾作为炊事兵亲历过战争，并给我讲述过日军的 残暴行为。高市的发言完全错误且十分危险，我很担心会将日本再次拖入危险局面。"日本高中教师铃 木对记者表示，高市的错误言论会给许多领域带来冲击，"她应该撤回错误言论"。 日本《东京新闻》报道说，东京造形大学名誉教授前田朗表示，高市错误言论给日本旅游业带来广 泛的负面影响，"高市执意制造出这一局面"。日本名古屋外国语大学名誉教授川村范行不无担忧地表 示，高市的错误言论导致日中两国的经济交流与民间交流大幅降温，给日本经济造成了损失，还堵住两 国民众相互理解的渠道，伤害了两国民众情感，"要警惕这一态势愈演愈烈"。 日本久富观光公司社长原田优美向记者介绍，受当前局势影响，中国赴日旅游团出现"退单潮"，大 批专门面向中国市场的日本旅行社客源大幅下降。原田认为，当前及未来一段时间日本旅游市场恐难见 起色，其公司也面临团队数量减少、利润压缩的双重压力。面向访日游客开设茶道体验课程的茶禅公司 社长竹田理绘表示："日本旅游业界正面临更加严峻的形势。茶禅有不少中国客户，但如今已降至零， 这是 ...

据了解，全国企业年金信息平台和数据库正在加快建设，以便实现数据互联互通、信息共享，为职工信 息查询、转移接续、待遇申请和用人单位企业年金方案备案提供便捷服务，增强用人单位建立企业年金 的意愿。 (责任编辑：朱赫) 企业年金如何缴费？按照规定，企业年金由用人单位和职工共同缴费，用人单位缴费每年不超过本单位 参加企业年金职工工资总额的8%、用人单位和职工缴费合计每年不超过本单位参加企业年金职工工资 总额的12%。同时，用人单位及其职工在缴费限额内灵活选择缴费比例或额度。鼓励经济负担能力较强 的用人单位和职工按照较高比例或额度缴纳企业年金。经济负担能力有限的，可以先从低缴费比例或额 度起步，有条件后再逐步提高。 为了扩大企业年金覆盖面，两部门将选择部分具备条件的园区(工业园、产业园、改革试验区、经济技 术开发区、科技创业园等)开展试点，重点探索加入方式、管理模式、组织机制等，形成可复制、可推 广的经验做法。 近日，人力资源社会保障部、财政部印发《关于进一步做好企业年金工作的意见》(以下简称《意 见》)，提出扩大企业年金制度覆盖范围、简化建立程序等举措。 《意见》明确，各类企业、社会团体、基金会、民办非企业单位以及其 ...

1. Report Industry Investment Rating No relevant information provided. 2. Core View of the Report - On Thursday, the main indices of the two markets oscillated and adjusted to repair technical indicators, with the semiconductor equipment sector leading the gains. International investors are accelerating the allocation of Chinese assets, and multiple foreign - funded institutions are optimistic about the performance of Chinese assets in 2026. The Chinese stock market has a high probability of rising in 2026, and the growth - type indices are expected to end the adjustment and resume the upward trend on Friday or early next week. Long - term index futures positions should be held, and investors can choose to buy out - of - the - money long - term call options on the CSI 1000 Index [1][2][3] 3. Summary by Relevant Catalogs 3.1 Market Review - On Thursday, the trading volume of the two markets was 2.90 trillion yuan, showing a rapid contraction. The CSI 500 Index closed at 8223 points, down 4 points or - 0.05%; the CSI 1000 Index closed at 8240 points, down 16 points or - 0.20%; the SSE 50 Index closed at 3105 points, down 6 points or - 0.21%; the SHSZ 300 Index closed at 4751 points, up 9 points or 0.20%. The funds in stock index futures for the CSI 1000, SHSZ 300, CSI 500, and SSE 50 indices had net outflows of 7.1 billion, 4.4 billion, 3.6 billion, and 1.3 billion yuan respectively [1] - Among industry and theme ETFs, the top gainers were semiconductor equipment ETFs, while the top losers were satellite industry ETFs. Among the sector indices of the two markets, the glass - fiber, rubber, and other sectors led the gains, and the industrial Internet, aerospace equipment, and other sectors led the losses [1] 3.2 Important Information - The central bank lowered the interest rates of various structural monetary policy tools by 0.25 percentage points and will lower the minimum down - payment ratio for commercial housing mortgages to 30%. There is still room for reserve requirement ratio and interest rate cuts this year [1] - China's "demand shortage" is mainly "consumer demand shortage", with the consumption - to - GDP ratio about 20 percentage points lower than the global average, and this gap needs to be corrected [1] - More than 10 billion yuan of funds continuously entered the market through ETFs. From January 9th to 13th, the net subscription amount of equity ETFs exceeded 12 billion yuan for three consecutive trading days, with a total net subscription amount exceeding 47 billion yuan. On January 14th, the trading volume of many broad - based ETFs increased significantly, and many newly issued funds announced the early end of fundraising [1] - China shows strong R & D potential and a clear technology iteration path. The relaxation of the H200 export policy by the US indicates that it can no longer block China's technological take - off [1] - Nvidia's new AI inference context memory storage (ICMS) architecture is expected to significantly exacerbate the global shortage of NAND flash memory, bringing additional demand equivalent to 2.8% and 9.3% of the global total NAND demand in 2026 and 2027 respectively [1] - The global explosion in AI chip demand is constrained by TSMC's production capacity, with a supply - demand gap of three times for its most advanced processes. Although TSMC is adjusting production lines and expanding production globally, the shortage cannot be alleviated in the short term, and the advanced packaging link has become a key bottleneck [2] - Deutsche Bank believes that the cost gap between space deployment and ground construction is shrinking rapidly, and in the next decade, the cost of building a space data center will approach that of ground construction [2] - OpenAI signed a three - year agreement with Cerebras, promising to purchase up to 750 megawatts of computing power, all using Cerebras' wafer - scale chips, with a transaction value exceeding $10 billion [2] - Trump launched fiscal, monetary, and credit stimulus, which may lead to debt out - of - control, financial risk accumulation, and a future debt crisis and market crash [2] - Wall Street financial institutions are entering the prediction market, and this emerging market has evolved into a sports - contract - based betting platform [2] - Citi's research report indicates that the commodity market is at a turning point. Crude oil is driven by geopolitics in the short term with a target of $70, but faces long - term oversupply pressure. Precious metals are bullish, with a target of $100 for silver and $5000 for gold. Among industrial metals, the target for aluminum is $3400 - 3500, and the copper price is expected to reach $14000, but January may be the annual high [2] 3.3 Market Logic - International investors are accelerating the allocation of Chinese assets. Many foreign - funded institutions are optimistic about the performance of Chinese assets in 2026. The continuous improvement of corporate profits, continuous technological innovation breakthroughs, and increasing valuation attractiveness provide a solid foundation for the continuous rise of Chinese assets [2] - In 2025, the stock market had a net inflow of 2.26 trillion yuan. In 2026, insurance, wealth management, and pensions are expected to be the three major sources of incremental funds, with institutional incremental funds in the stock market reaching 3.1 trillion yuan, and the scale of public fixed - income + products at least doubling [2] - More international funds are turning their attention to the AI track outside the US. China's technology sector, with its valuation advantages, complete industrial ecosystem, and large - scale manufacturing capabilities, is becoming a new destination for global funds in the AI field [2][3] 3.4 Market Outlook - The trading - type investors are actively increasing their positions in Chinese assets, and the allocation - type investors are optimizing the weight of Chinese assets in the global portfolio. The application for satellite frequency and orbit resources has risen to the national strategic level, and the upward trend of the Chinese market is expected to continue in 2026 [3] - The risk of a significant rise in the Chinese stock market in 2026 is much higher than that of a significant decline. The acceleration of AI applications, anti - involution, and the re - allocation of domestic liquidity from deposits to the stock market are positive factors [3] - The return of the US to the Monroe Doctrine will accelerate the flow of global funds to the Chinese capital market. The Fed's interest rate cut and balance - sheet expansion, along with the appreciation of the RMB, will lead to the return of a large amount of US dollars held by foreign trade enterprises overseas, and funds will flow from enterprise accounts to resident accounts and then to securities accounts [3] - China's application for 200,000 low - orbit satellites has shocked the market, indicating that the Sino - US space infrastructure competition has become a key area of technological competition. The adjustment of growth - type indices is expected to end on Friday or early next week, and the upward trend will resume [3] 3.5 Trading Strategy - For stock index futures directional trading, the policy hopes for a bull market but also a slow one. With a large amount of off - market funds still flowing in, the upward trend driven by market funds remains unchanged. Long - term stock index futures positions should be held [3] - For stock index option trading, investors can choose to buy out - of - the - money long - term call options on the CSI 1000 Index [3]

●1月16日美股成交额前20：台积电四季度净利润同比增长35%创新高 周四美股成交额前20中，芯片股表现突出。受台积电财报带动，芯片板块普涨。英伟达成交居首，收高 2.13% ；台积电位列第三，收高4.44%，其2025年Q4净利润飙升35%创历史新高，客户需求强烈，公司 预测今年增长强劲。AMD收高1.93%，皇家银行上调其目标股价。非芯片股方面，特斯拉CEO明确 SpaceX目标；谷歌A类股虽收跌，但确认苹果选用其AI模型助其市值破4万亿美元；闪迪收高且股价创 新高，多家券商上调其及其他存储概念目标价；礼来因减肥药审评时间延长股价收跌。 [2] ●1月16日热门中概股涨跌不一 台积电涨4.44%，腾讯音乐跌4.98% 1月16日，热门中概股表现分化，纳斯达克中国金龙指数收跌0.60%。上涨股中，台积电涨幅达4.44%居 前，还有阿里巴巴、日月光半导体、富途控股等多股上涨；下跌股里，腾讯音乐跌幅4.98%领先，拼多 多、网易、百度等也出现不同程度下跌。美股周四收高，芯片与银行板块领涨，使主要股指在连跌两日 后反弹。道指涨0.60%，纳指涨0.25%，标普500指数涨0.26%。 [3] ●周四油价下跌逾4% ...

朗进科技（维权）及多名高管合计被罚1015万元 1月15日晚间，朗进科技公告，公司及相关当事人因关联方非经营性资金占用未及时披露等违法事实， 收到山东证监局《行政处罚决定书》。2024年2月至2025年7月，累计发生关联方非经营性资金占用4.15 亿元。公司及5名高管被合计处以1015万元罚款，公司还受深交所公开谴责处分。该公司聚焦多领域产 品研发，去年前三季营收降8%，净亏损。 详情>> 多家公司定增、重组等资本运作频现 金融市场犹如变幻莫测的海洋，时刻涌动着投资与经济政策的波澜，深刻影响着全球经济的走向。在 此，喜娜AI为您呈上昨夜今晨的财经热点新闻，全方位覆盖股市动态、经济数据、企业财务状况以及 政策更新等关键领域，助您精准洞察金融世界的风云变幻，把握市场脉搏。 1月15日，紫光国微、纳尔股份等5家公司公布非公开发行预案，紫光国微拟购瑞能半导股权完善产业 链，复牌"一字"涨停；五矿发展拟通过资产置换等实现主业转型，重组预计构成重大。1月14日，融资 余额增，沪深北交易所调融资保证金比例防风险。此外，50余家公司发2025年业绩预告，预亏超30家。 详情>> 日本企业破产数量连续两年破万 据东京商工调查公 ...

More uncertainty on the direction of interest rates in 2026 and political feuding could leave a U.S. Federal Reserve in flux. For fixed income investors, this could create an ideal opportunity to dive... ...