Group 1: Core Insights - Hangzhou is positioning itself as a leader in consumption transformation and upgrade, focusing on expanding service consumption and developing new consumption formats such as silver economy, pet economy, and emotional consumption [1] - The "2026 Hangzhou New Spring Goods Market" will feature a theme exhibition showcasing new consumption scenarios and cases from the Hangzhou metropolitan area, blending traditional flavors with innovative vitality [1] Group 2: Health and Wellness Products - There is a growing consumer preference for natural, green, and regionally distinctive agricultural products, with a focus on health-oriented items becoming increasingly popular for New Year purchases [2] - Products from Qiandao Lake, such as local pork sausages and handmade grilled sausages, will be highlighted, emphasizing authentic flavors and traditional preparation methods [2] Group 3: Unique Local Flavors - The exhibition will also feature unique culinary offerings from Wenzhou, including local seafood and specialty herbal teas, providing a taste of southern Zhejiang [3] - The "Qubeiji" brand will present various local delicacies, such as grilled shrimp and duck tongues, along with a traditional nut ginger tea that combines nourishment with local flavor [3] Group 4: Innovative Health Products - The "Zhenbuer" brand will showcase a series of home health products developed in collaboration with Zhejiang Chinese Medical University, incorporating traditional herbal wisdom into modern lifestyles [4] - Award-winning products include herbal patches and steam eye masks, designed for convenience and wellness [4] Group 5: Creative Consumer Experiences - The exhibition will feature interactive and innovative consumer experiences, including AI-powered plush toys and 3D-printed coffee, creating engaging shopping environments [5][6] - The "Shufuxiong" AI plush toy offers voice interaction capabilities, enhancing emotional connections with consumers [5] Group 6: Event Details - The "Hangzhou Metropolitan Area" theme exhibition will take place from January 30 to February 1 at Wulin Square, serving as a platform for experiencing diverse consumption trends and innovations [7] - The event aims to blend traditional cultural elements with modern vitality, providing a rich and engaging experience for visitors [7]

特朗普再发关税威胁。 当地时间1月26日（周一），美股三大指数集体收涨，纳指涨0.43%，道指涨0.64%，标普500指数涨 0.5%。苹果、Meta Platforms和微软等公司普遍上涨，这几家公司均将在本周公布财报。具体来看，微 软、Meta Platforms和特斯拉将于当地时间周三公布财报，苹果紧随其后于当地时间周四公布。 其他消息方面，美国总统特朗普26日在社交媒体上宣布，由于韩国国会仍未批准两国政府此前达成的贸 易协议，美国对韩国汽车、木材、药品的进口关税以及其他"对等关税"的税率将从15%提高至25%。 银行股普涨，夏威夷银行涨超6%，阿莱恩斯西部银行、摩根士丹利、高盛、富国银行、摩根大通、花 旗集团、瑞银集团均涨超1%，美国银行、美国制商银行、齐昂银行小幅上涨。 美股医保概念股盘后普跌，截至发稿，CVS盘后跌超9%，哈门那盘后跌超12%，联合健康盘后跌超 9%。有消息称，白宫提议2027年医疗保险向保险公司支付的费率不变，低于市场预期。 大型科技股涨跌互现 大型科技股涨跌互现。思科涨超3%，苹果、甲骨文涨近3%，Meta涨超2%，阿斯麦、谷歌-A、IBM涨超 1%；英特尔跌超5%，AMD、特 ...

（原标题：刚刚直线跳水！关税利空突袭韩国！特朗普宣布） 1月27日清晨，据央视新闻，当地时间1月26日，美国总统特朗普在其社交平台"真实社交"发文表示，由 于韩国国会未批准并落实此前与美国达成的贸易协议，美方将提高对韩国商品征收的关税税率。 特朗普突然对韩国出手。 美东时间1月26日，美国总统特朗普宣布，因韩国国会迟迟未批准美韩贸易协议，他已决定将对韩国汽 车、木材、制药产品以及其他"对等关税"项目的税率从15%上调至25%。受此影响，在美上市的韩国 ETF（韩国ETF-iShares MSCI）在美股盘后直线跳水，一度大跌超2%。 特朗普宣布 特朗普称，韩国立法机构"未能履行与美国达成的协议"，称该协议是其与韩国总统李在明于2025年7月 30日达成，并在其2025年10月29日访韩时再次确认。 特朗普表示，鉴于韩国方面尚未通过该项"具有历史意义的贸易协议"，他已决定将对韩国汽车、木材、 制药产品以及其他"对等关税"项目的税率从15%上调至25%。 受此影响，在美上市的韩国ETF-iShares MSCI在美股盘后直线跳水，一度大跌超2%，截至北京时间 06:50，跌幅达1.64%。 另外，贵金属市场也遭遇 ...

特朗普表示，鉴于韩国方面尚未通过该项"具有历史意义的贸易协议"，他已决定将对韩国汽车、木材、制药产品以及其他"对等关税"项目的税率从15%上调至 25%。 受此影响，在美上市的韩国ETF-iShares MSCI在美股盘后直线跳水，一度大跌超2%，截至北京时间06:50，跌幅达1.64%。 | EWY 韩国ETF-iShares MSCl | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 收盘价 01/26 15:59:58 (美东) | | | | S 24 24 24 15 | | | | 117.320+ | | 最 高 | | 117.935 今 开 | | 117.270 | | -0.650 -0.55% | | 最 低 | | 117.200 昨 收 | | 117.970 | | 成交额 | 5.90亿 资产规模 | | | 109.27亿 | | 115.695 | | 盘后 115.400 -1.920 -1.64% | | | | | | 17:47 (美东) ^ | | 最 高 | | 117.548 | 成交额 | ...

认真履职、建言献策。1月26日，出席市政协十六届四次会议的委员陆续抵达驻地报到，成都进入2026两会时间。 转自：成都日报锦观 建务实之言 献可行之策 出席市政协十六届四次会议的委员报到 出席市政协十六届四次会议的委员陆续抵达驻地报到。 "数字经济不是'选择题'，而是传统产业提质增效的'必答题'。"市政协委员、成都市产业数字化促进会秘书长徐震长期聚焦产业数字化转型， 他带来的两项提案都与传统产业数字化升级息息相关。他表示，要明确传统产业数字化转型升级的清晰路径，避免企业"盲目转、不会转"；更 要打通"科研端"与"产业端"的壁垒，让实验室里的人工智能技术真正落地到传统产业的质改体系中，让技术创新转化为实实在在的生产效能。 "'进解优促'像'精准手术刀'，解决产业链各节点的具体难题；'立园满园'则像'生态培育师'，搭建产业集聚平台，二者相辅相成，能有效推动 产业生态完善和产业链完整。"他建议，"十五五"期间，要持续深化这两项行动，针对不同产业的发展困境精准施策，让数字经济与实体经济 深度融合，推动产业在成都落地生根、集群发展，实现可持续增长。 聚焦文商旅体： 打造流量变现与城市品牌"金名片" 坐拥丰富的文旅资源， ...

来源 ：挖掘机007 你有没有想过，自己辛辛苦苦投进去的钱在亏，而那个管你钱的基金经理，却可能正用自家账户赚得盆 满钵满？这不是小说桥段，而是正在泰康基金上演的现实。 最近，业界诸多报道把这事彻底捅开了。事情主角是泰康基金一位名叫桂跃强的基金经理——他管着超 过20亿的基民资金，五年如一日死守白酒、家电这些所谓"老登股"，结果基金亏了快30%；可与此同 时，他自己（或者说他太太名下）的账户却早早重仓科技股，浮盈一度超过5000万。基民血亏，他躺 赢，评论区直接炸锅。 先说说他的两只主力基金：泰康优势企业混合和泰康蓝筹优势一年持有股票。这两只都是偏股型基金， 按理说可以买全市场股票，包括港股通里的腾讯、阿里都没问题。但桂跃强偏偏不走寻常路，硬是把它 们变成了"白酒家电主题基金"。 翻开持仓记录，简直离谱。比如泸州老窖，连续21个季度雷打不动出现在前十大重仓股里，一次都没落 下过；山西汾酒、五粮液也出现了20次；美的集团18次，福耀玻璃、恒生电子各14次……这哪是做投 资，分明是打卡上班。更夸张的是，2025年四季报显示，好几只重仓股一个季度下来一股没动，仿佛账 户被冻住了。 问题是，这几年AI、半导体、新能源轮 ...

Market Overview - The Hang Seng Index closed at 26,750, up 0.45% for the day and 4.37% year-to-date[3] - The Nikkei 225 Index rose 0.29% to 53,847, with a year-to-date increase of 6.97%[3] - The S&P 500 Index ended at 6,916, with a slight increase of 0.03% and a year-to-date gain of 1.02%[3] Commodity and Currency Insights - Gold prices reached a historic high, surpassing $5,000 per ounce, driven by geopolitical tensions[13] - The Japanese yen rebounded strongly, with significant daily gains, as the market anticipates potential government intervention[13] Sector Performance - The commercial aerospace sector saw significant gains, with JunDa shares rising over 51% following the launch of six platforms aimed at accelerating satellite development[9] - The photovoltaic sector also performed well, with notable increases in stocks like KaiSheng New Energy (up 14.44%) and Xinyi Solar (up 11.15%) due to support from Tesla's CEO for solar energy development[9] U.S. Market Dynamics - The U.S. stock market showed mixed results, with the Nasdaq and S&P 500 slightly up, while the Dow Jones fell nearly 0.6%[9] - Notable individual stock movements included Goldman Sachs dropping nearly 4% and Nvidia rising 1.5%[10] Economic Indicators - Japan's core CPI for December 2025 rose 2.4%, aligning with expectations, while the manufacturing PMI for January 2026 increased to 51.5, indicating expansion[13]

Core Viewpoint - Investors are increasingly turning to gold as a safe haven amid concerns over declining bond yields, high stock prices, and geopolitical tensions, with gold prices recently surpassing $5,100 per ounce after previously reaching $4,000 [1][9]. Group 1: Factors Driving Gold Prices - Currency devaluation trading is a significant factor, as investors worried about a strong dollar and other major currencies are buying gold to preserve value against economic shocks [1][9]. - The expansion of debt burdens and accommodative economic policies in Europe and Japan is contributing to the rise in gold prices, with renewed concerns over transatlantic trade wars [2][10]. - The Federal Reserve's interest rate cuts have lowered yields on government bonds and cash, making gold more attractive as the opportunity cost of holding it decreases [3][12]. Group 2: Central Bank Purchases - Central banks, which have shifted from being net sellers to net buyers of gold since 2010, are increasingly competing for gold, with Poland's central bank recently approving a large purchase plan [5][14]. - Central banks view gold not only for its price performance but also for its role in diversifying foreign exchange reserves [6][14]. Group 3: Stock Market Concerns - High stock valuations, particularly in technology stocks, are causing investor anxiety, with current price-to-earnings ratios being among the highest in the past century [6][15]. - The performance of a few major tech companies is significantly influencing the overall stock market, raising concerns about market stability [15]. Group 4: Future Gold Price Trends - Analysts predict that gold prices are likely to continue rising, with historical trends showing that gold often experiences sustained upward momentum [7][16]. - Projections indicate that gold could see significant price increases in the coming years, with estimates of a 65% rise in 2025 following a 27% increase in 2024 [8][17].

港府公布的"2025年有香港境外母公司的驻港公司按年统计调查"和"2025年初创企业统计调查"结果显 示，去年母公司在内地及海外的驻港公司数目增加至11070间；香港的初创企业数目则增至5221间，均 再创新高。团结香港基金副研究总监郭凯杰表示感到鼓舞，认为在地缘政治及环球经贸格局转变下仍录 得增长，印证香港内联外通、法治及国际化营商环境依然具吸引力，亦反映海内外企业对香港前景的信 心。他建议，港府积极引进国际加速器，并在新田打造加速器集群。 郭凯杰指出，在驻港公司及招商引资数字上升之际，更重要的是把落户转化为对本地生产总值及就业的 实质贡献。他建议港府引导新增企业投向可配合香港上游研发优势、并与新型工业化发展方向一致的策 略性产业，如生物科技、生命健康及先进制造，避免企业过度集中于以金融服务等为主的轻资产模式难 以带动对实体产业；同时鼓励企业在港建立更完整的研发—中试—量产链条，包括设立具实际产出的生 产线或智能微工厂，带动本地制造生态与供应链，为青年提供更多入行机会与清晰的职业阶梯，推动经 济多元化及整体GDP增长。 他亦表示，2025年香港初创企业数目较2021年大幅增加39%至5221间，展示近年创业 ...

Core Viewpoint - The Hong Kong stock market is experiencing fluctuations after a period of growth, leading investors to question whether this is a signal of a market end or an opportunity for re-entry. Current market conditions suggest that the pullback may not be a terminal point but rather a wait for several key opportunities to become clearer [1] Group 1: Valuation and Market Position - Despite a previous rally that has repaired valuations, the Hong Kong stock market remains at historically low levels compared to major overseas technology indices. As of January 21, 2026, the price-to-earnings ratio (PE-TTM) of the Hong Kong technology sector is significantly lower than that of the Nasdaq, indicating a medium to long-term safety margin and allocation value. The pullback may provide a more suitable entry point for investors [2] Group 2: AI and Technological Advancements - The recent advancements in the AI sector, particularly with domestic large model companies listing in Hong Kong, are providing sustained momentum for the technology sector. For instance, the "Qianwen App" achieved over 100 million monthly active users within two months of launch, and AI motion control technologies are generating significant interest overseas. This indicates that the commercialization of AI technology is accelerating, and while short-term market sentiment may fluctuate, the logic of value reassessment driven by AI remains unchanged [3] Group 3: Sectoral Support and Opportunities - Beyond AI, several industries within the Hong Kong market exhibit strong support: - New Consumption: Leading companies in trendy toys, tea drinks, and jewelry are expected to drive value reassessment due to explosive performance and emotional premium - Innovative Pharmaceuticals: Chinese innovative pharmaceutical companies are accelerating their international expansion, with large orders expected to improve profitability - New Energy: Policies aimed at reducing competition are gradually being implemented, which may optimize the supply-demand landscape in the industry - Technology: The expansion of computing power demand and the acceleration of large model commercialization are creating abundant opportunities across the industry chain [4] Group 4: Signals to Watch - The current pullback in the Hong Kong stock market is, to some extent, waiting for the confirmation of the following signals: - AI application performance realization: Whether the technology can truly translate into corporate profits - Overseas liquidity and risk appetite: The willingness of global funds to allocate to emerging markets - Corporate earnings recovery rhythm: Particularly whether first-quarter earnings can support valuations [5] Group 5: Investor Strategy - For ordinary investors, it is advisable not to be overly pessimistic during the pullback. Gradual accumulation in the low valuation range may be beneficial. Additionally, a long-term perspective is essential, as the Hong Kong market is characterized by significant volatility, requiring patience to seize structural market opportunities [6]