本文源自：金融界AI电报 Robinhood(HOOD.O)美股盘后涨3%。 ...

（原标题：加纳移动支付交易额达5180亿塞地） 据"城市新闻网"1月28日报道，加纳央行最新发布的《经济和金融数据摘要》显示，加纳的移动支付 （MoMo）交易额在2025年12月飙升至创纪录的5184亿加纳塞地，数字支付在该国金融体系中日益增 长。 12月的交易额创下2025年全年最高月度纪录，主要得益于节日期间消费活动的增加以及移动支付使用量 的持续增长。交易量攀升至9.82亿笔，高于11月份的8.92亿笔，反映出消费者支出增加以及数字支付渠 道的普及。12月的活跃移动支付账户数量大幅增长至2670万个，高于上月的2550万，注册账户数量增至 8050万个。移动支付代理网络也得到扩展，截至年底，活跃代理商数量达到49.1万。移动钱包余额攀升 至396亿塞地，为2025年最高水平，表明数字支付生态系统的流动性增强，人们对移动钱包作为价值储 存手段的信心日益增强。 相比之下，传统支付工具的作用持续减弱。12月，支票交易金额为373亿塞地，而GhIPSS即时支付等电 子支付渠道当月的交易额为733亿加纳塞地。 移动货币将逐步成为加纳零售支付系统的支柱。随着季节性消费、智能手机普及率的上升以及代理商网 络的扩张，预 ...

Core Insights - PitchBook holds a cautiously optimistic view on the prospects for venture capital-backed IPOs in the U.S. for 2026, noting that while the IPO window has reopened, a full recovery is still far off [2] Group 1: 2025 IPO Market Performance - In 2025, 48 companies went public, with liquidity conditions showing significant improvement, but the scope of IPO recovery remains limited [2] - The activity level of 48 IPOs is insufficient to support a full recovery of the venture capital market, especially considering over $4.3 trillion is still locked in unicorn companies valued over $1 billion [2][4] - The pressure to find exit channels continues to increase due to four consecutive years of negative net cash flow for limited partners [2] Group 2: Industry Focus for IPOs - The largest IPOs in 2025 were concentrated in sectors aligned with U.S. policy priorities, including artificial intelligence, space technology, cryptocurrency, fintech, and defense [2][5] - Over 73% of IPOs occurred in these sectors, excluding healthcare and life sciences, and this trend is expected to continue into 2026 [5] Group 3: Value Compression and IPO Performance - Most unicorns that went public last year did so at significant discounts relative to their peak private valuations, indicating a shift towards more conservative fundamentals [3] - Nearly 70% of new public companies by the end of 2025 were trading below their first-day closing prices, with almost half trading below their initial IPO prices [3] - Only four AI companies had stock prices above their IPO prices by year-end, highlighting the challenges faced by emerging high-growth companies in competing for investor capital [3] Group 4: Outlook for 2026 - PitchBook predicts a gradual improvement in IPO activity for 2026 rather than a rapid rebound, with potential for 68 IPOs if favorable conditions arise, such as reduced policy uncertainty and further interest rate cuts [4][6] - If conditions are not favorable, IPO activity may remain at current levels [6] - The pressure on venture capital to convert paper gains into realizable returns is significant, and another year of low IPO activity could test the sustainability of the current ecosystem [4]

一场说走就走的旅拍；一袋鲜气满满的海味；一瓶紧跟潮流的气泡水……近年来，市场上一些创新型产 品受到消费者欢迎。 "十五五"规划建议提出，以新需求引领新供给，以新供给创造新需求，促进消费和投资、供给和需求良 性互动，增强国内大循环内生动力和可靠性。 近期，习近平经济思想研究中心主任、研究员史育龙为人民日报"高质量发展故事汇"栏目撰写署名文章 时表示，在千方百计提高消费者收入的同时，还要在供需适配上下功夫，使生产供给端提供的产品和服 务能够精准匹配消费者的即期需求，并能够通过产品和服务创新引领需求、创造需求，实现供给和需求 的"双向奔赴"，形成需求牵引供给、供给创造需求的更高水平动态平衡。 信任快门，拍出文旅新风景 日落时分，云南大理古城被金色滤镜笼罩，摄影师们拿起相机，在快门的咔嚓声中，为身着白族服饰的 游客定格时光。 "在成为旅拍摄影师之前，我是一名建筑师。"云南大理旅拍店店主赵立伟表示，当前，年轻人的需求正 变得更个性、多元，传统"到此一游"正向"深度体验"转型，民族服饰旅拍便是游客沉浸式体验的一种方 式。 得益于通过美团等互联网平台架起的供需"信任之桥"，从"村BA"到"苏超""赣超"，从"博物馆热"到火 ...

Core Viewpoint - The UK House of Lords Financial Services Regulatory Committee has initiated an investigation into the growth of stablecoins in the UK and proposed regulations, focusing on the development of the global and UK stablecoin market, particularly GBP stablecoins, and their implications for the UK economy and financial services [1] Group 1 - The investigation aims to gather evidence on the opportunities and risks associated with stablecoins, including their impact on monetary policy and financial crime [1] - The deadline for submitting written evidence is set for March 11, 2026 [1] - The inquiry will also assess the proposed regulatory framework by the Bank of England and the Financial Conduct Authority (FCA) [1]

Group 1 - Airwallex has opened a new office in Fitzrovia, London, marking a significant upgrade in its physical presence in the UK and a key step in its expansion in the European market [2] - The company announced a $590 million investment in its UK operations over the next five years, focusing on talent recruitment and product innovation to drive local and regional growth [2] - Airwallex plans to significantly expand its UK team, aiming to increase the number of full-time employees to 160 by the end of 2026, enhancing local operations and service capabilities [2] Group 2 - The company will introduce and deepen several services, including Spend AI, corporate cards, and subscription products, to help businesses improve financial operational efficiency [2] - Airwallex's CEO, Jack Zhang, emphasized the investment reflects confidence in the UK as a hub for the EMEA region and the commitment to building the necessary financial service infrastructure for global competition [2] - The new London office spans over 16,000 square feet, more than double the size of the previous location, and will serve as a regional hub to support business expansion and customer service across Europe and the Middle East [2]

Core Viewpoint - The company has engaged Deloitte Consulting as an independent internal control advisor to conduct a comprehensive review of its internal control system, reflecting its commitment to governance optimization and prudent management practices [1]. Group 1: Governance Enhancements - The company has previously taken steps to optimize its governance structure, including restructuring the board, establishing specialized committees, and appointing a chief risk officer and co-CEOs with substantial backgrounds [1]. - The engagement of Deloitte for an independent review is seen as a proactive "health check" and systematic reinforcement of the existing governance framework, aligning with international best practices [1]. Group 2: Risk Management and Compliance - The modernization of governance is deemed essential for the sustainable development of fintech companies, with independent third-party reviews aiding in the establishment of a robust "system + technology" risk management loop [1]. - This initiative not only aims to meet current resumption guidelines but also provides institutional safeguards for long-term compliance, risk prevention, and sustainable growth, ultimately protecting investor interests [1]. Group 3: Long-term Vision - Market observers note that transforming the process of addressing historical issues into an opportunity for enhancing overall governance capabilities demonstrates the company's long-term thinking [1]. - As the internal control review progresses, a clearer picture of a more regulated, transparent, and stable company is expected to emerge, laying a crucial foundation for rebuilding its image in the capital markets and gaining long-term trust [1].

产业观察 [table_Header]2026.01.29 四大增长极经济与产业洞察报告（2025） 产业研究中心 摘要：聚焦四大战略区域 2025 年协同发展，解构要素配置与产业生态新格局 期 2026.01.18 [Table_Summary] 核心观点：区域协同、产业升级与统一大市场建设的联动是高质量发展的 关键支撑。四大增长极通过制度协同破除行政壁垒，要素市场化改革畅通 资源流动，形成"顶层引领+地方创新"的协同格局。产业层面呈现梯度分 工与集群化演进，长三角技术密集型产业领跑，粤港澳大湾区聚焦跨境融 合，京津冀疏解赋能并重，川渝强化双核联动。通过"要素流动—产业协 同 —市场统一"联动路径，推动区域从"集群化"迈向"链群化"，既发挥比 较优势实现差异化发展，又通过跨域平台与规则衔接强化协同，为全国构 建优势互补、高质量发展的区域经济布局提供实践支撑。 筑基与引领：2025 年四大区域聚焦制度协同、规则衔接与跨域合作，以顶 层规划与专项政策为支撑，形成"顶层引领+地方创新"的协同格局，筑牢 区域高质量发展制度根基。 破壁与赋能：要素市场化改革正推动资源配置逻辑从"区域内优化"向"跨 区域重组"转化。人 ...

近日，但斌执掌的东方港湾海外基金向美国证监会（SEC）提供了2025年四季度的13F文件，其美股的最新持仓情况浮出水面。 截至2025年末，东方港湾海外基金清仓了阿里巴巴、奈飞 （Netflix） 、Coinbase等7只股票，持仓标的锐减至10只。期末管理规模约为13.16亿 美元，折合人民币约91亿元，较去年三季度末的12.92亿美元小幅增长。 去年四季度，但斌的调仓动作颇为显著，持仓进一步向科技巨头集中，尤其是大幅加仓谷歌，一举成为其第一大重仓股。 | Stock ↑ | History | Sector | Shares Held or | Market | % of | Previous % of | Rank | Change in | % | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | Principal | Value | Portfolio | | | | Change | | | | | Amt | | | Portfolio | | Shares | | | GOOG | History | ...

Group 1 - The company expects a net profit in the negative range for the fiscal year 2025, which spans from January 1, 2025, to December 31, 2025 [1] - The financial data for this profit forecast has not been audited by the accounting firm, but there were no disagreements during preliminary discussions with them [1][2] - The company continues to focus on digital technology, providing comprehensive services in financial technology, data centers, and artificial intelligence to various client groups, including financial institutions and government [1][2] Group 2 - In 2025, the company is concentrating on AI applications within the banking industry, enhancing its capabilities in data governance and modeling through collaborations with leading industry clients [2] - Overall revenue for 2025 is expected to decline compared to the previous year, although revenue from the AI comprehensive service product line has seen an increase, and operating cash flow has improved [2] - The net profit attributable to shareholders is anticipated to decrease compared to the previous year due to various factors affecting the business [2]