当地时间周一，格林斯潘、伯南克、耶伦等多位美联储前主席，联同保尔森、盖特纳等前财长及知名经 济学家发表声明，集体力挺鲍威尔。 [ 美国国会中不少共和党人周一发声，认为此事的核心关乎外界对美联储的信任度。作为全球最重要的 央行，美联储负责制定美国的利率政策，且被全球投资者视为助力经济平稳度过政治及各类动荡的关键 独立力量。 ] 特朗普政府威胁起诉美联储主席鲍威尔在美国学界和政界引发反对声浪，多位美联储前主席、财政部前 部长周一联合发声，对鲍威尔表示支持。 在国会，民主党指责此举是共和党为中期选举谋划，共和党内部也出现裂痕，两名参议员扬言将以阻止 特朗普提名的央行人选作为反击。 质疑声浪起 上周日，鲍威尔称联邦检察官已向美联储送达大陪审团传票，威胁以其此前就美联储办公大楼多年翻新 项目作证相关事宜提起刑事诉讼。 鲍威尔表示，这一调查是特朗普政府为干预货币政策而持续采取的举措。"刑事指控威胁的产生，源于 美联储始终基于对公众利益的最佳判断来制定利率，而非迎合美国总统特朗普的偏好。此事的核心在 于，美联储未来究竟能否基于实证与经济形势制定利率政策，还是货币政策将沦为政治施压与胁迫的产 物。" "报道称，司法部正对鲍威 ...

Core Insights - The emerging force centered around fashion consumption is significantly shaping the commercial competitiveness of cities and unlocking infinite possibilities for future development [1] - The 2025 Beijing Commercial Forum will focus on "Trendy Transformation: New Demand and New Supply," highlighting the dynamics of emerging consumption and its impact on Beijing's commercial landscape [1] Group 1: Emerging Consumption Trends - Emerging consumption is driving a transformation in Beijing's commercial landscape, moving from traditional transaction spaces to integrated environments [1] - Trends such as fashion consumption and emotional consumption are gaining traction, showcasing strong market potential and becoming key pathways for elevating Beijing's commercial quality [1][2] - The "14th Five-Year Plan" emphasizes the importance of new demand leading to new supply, creating a dynamic interaction that shapes the future commercial landscape [1] Group 2: Blue Book Insights - The annual report "2025 Beijing Commercial Development Blue Book" will present new consumption logic, scenarios, and dynamics, focusing on "Emotional Value," "Scenario Innovation," and "Cultural Cross-Border" [2] - The report highlights a shift in consumer behavior from "functional satisfaction" to "experience enhancement," with emotional value activating consumption momentum [2][3] - Unique local shops are creating distinctive Citywalk routes, becoming landmarks that integrate culture, commerce, and tourism in Beijing [2] Group 3: Forum Agenda and Collaborations - The forum will address market trends in fashion consumption, pet economy, and trendy toys, providing insights into business model iterations and user operations [3] - A strategic cooperation agreement will be signed between the "Top Ten Commercial Brand Activities" committee and Ningbo Bank Beijing Branch to explore how financial services can better meet consumer needs [3] - The forum aims to answer questions about the future direction of Beijing's commercial landscape and how fashion will reshape consumption [3]

美国合众 银行宣布，将以现金加股票的方式收购金融服务公司BTIG，交易金额高达10亿美元。该行希 望借此加强其资本市场业务。该交易预计将于2026年第二季度完成。（格隆汇） ...

Core Viewpoint - The company is focusing on utilizing idle funds for low-risk financial products rather than initiating a share buyback plan, emphasizing the importance of shareholder returns and efficient fund usage [1]. Group 1: Company Response to Investor Inquiry - The company acknowledges the importance of shareholder returns and states that the decision to invest idle funds in low-risk financial products is based on a phased financial plan and risk control requirements [1]. - The company assures that it will consider share buyback or increased dividends in conjunction with its financial status and development strategy, while adhering to information disclosure obligations [1]. - The investment in low-risk financial products is aimed at improving fund utilization efficiency and increasing cash asset returns [1].

Core Insights - The emerging force centered around fashion consumption is profoundly shaping the commercial competitiveness of cities and unlocking infinite possibilities for future development [1] Group 1: Event Overview - The 2025 Beijing Commercial Forum, guided by the Beijing Municipal Bureau of Commerce and co-hosted by the Beijing Commercial Association and Beijing Business News, will be held on January 16 at the Beijing International Hotel [1] - The theme of this year's forum is "Trendy Transformation: New Demand and New Supply," focusing on emerging consumption and envisioning the future of Beijing's commerce [1] Group 2: Market Trends - Beijing's commercial landscape is entering a new transformation phase driven by innovation and experience, with trends like fashion consumption and emotional consumption showcasing strong market potential and a siphoning effect [3] - The "14th Five-Year Plan" suggests that new demand should lead to new supply, and the dynamic interaction between "new demand and new supply" is a core dimension shaping the future commercial landscape [3] Group 3: Consumption Evolution - The report titled "2025 Beijing Commercial Development Blue Book" will be released at the forum, presenting new logic, scenarios, and dynamics of Beijing's commercial consumption under the theme "Trendy Reconstruction of Consumption" [4] - The report highlights the shift in Beijing's consumption from "functional satisfaction" to "experience upgrade," focusing on emotional value, scenario innovation, and cultural crossover [4] Group 4: New Consumption Models - Emerging consumption has led to diverse business models, transforming the commercial core from "transaction venues" to "fusion spaces," with traditional supermarkets incorporating AI and community discount stores reshaping community commerce [3][4] - The report identifies that "trendy consumption" is constructing a new consumption ecosystem that combines international flair with local vibrancy, emphasizing that true quality consumption is characterized by fashion and trend attributes [4] Group 5: Forum Agenda and Collaboration - The forum's agenda will focus on new consumption sectors such as fashion consumption, pet economy, and trendy toys, addressing cutting-edge industry trends [5] - A strategic cooperation agreement will be signed between the "Top Ten Commercial Brand Activities" committee and Ningbo Bank's Beijing branch to explore how financial services can better meet the needs of consumption-related financial services [5]

Core Viewpoint - Far East Horizon (03360) has entered into a subscription agreement with joint lead managers to issue $400 million in notes under a $4 billion medium-term note and perpetual securities program, with the issuance scheduled for January 13, 2026 [1] Group 1 - The notes will be issued in US dollars and are exempt from registration requirements under securities laws [1] - The net proceeds from the issuance are intended for working capital and general corporate purposes [1] - Upon obtaining necessary approvals from relevant Chinese government authorities, the proceeds may also be lent to the company's subsidiaries within China [1]

Group 1 - Major stock indices are experiencing slight declines, with Dow futures down 0.12%, S&P 500 futures down 0.11%, and Nasdaq futures down 0.17% [1] - Chip stocks are seeing pre-market gains, with Intel up 3.68%, AMD up 1.59%, and Nvidia up 0.29% [1] - Samsung Electronics will supply Tesla with automotive 5G modems, marking the first time Samsung provides such components to Tesla, with initial deliveries expected in the first half of the year [1] Group 2 - Morgan Stanley's Asia revenue approached a record $10 billion, leading to a 20% increase in bonuses for local bankers, driven by strong performance in stock trading and wealth management [2] - Pfizer is preparing to enter the weight loss drug market, anticipating a market scale comparable to that of Viagra, with plans to launch a product by 2028 [3] - Citigroup upgraded Palantir's rating from "neutral" to "buy," raising the target price to $235, citing an expected "super cycle" in commercial and government business [3] Group 3 - CME Group announced a change in margin requirements for precious metal contracts from fixed to floating, effective after market close on January 13, with specific margin rates set for gold and silver [4] - Global central banks are drafting a statement to support Federal Reserve Chairman Jerome Powell, with a joint statement expected to be released soon [4]

美联储主席鲍威尔遭刑事调查一事继续发酵！ 当地时间1月12日，美联储主席鲍威尔"被调查"的消息，占据了美国各大媒体的显著位置。市场担忧，此事将 对美联储的独立性带来实质性冲击。 同日，包括美联储前主席、美国财政部前部长在内的多名美国前财经要员发表联合声明，批评特朗普政府对鲍 威尔发起刑事调查。 据彭博援引知情人士表示，在特朗普政府大幅升级对美联储的施压行动后，全球多家央行行长正在草拟一份声 明，以声援美联储主席杰罗姆·鲍威尔。这份联合声明预计将以国际清算银行（BIS）的名义发布，并将对所有 央行开放签署。该声明最早可能于当地时间周二发布。 有分析师警告，随着市场对美联储独立性及美联储抗通胀意愿的担忧加剧，投资者会要求更高的利率以弥补本 金受损的风险，从而导致债券收益率进一步上行。这将提高消费者的借贷成本，尤其是抵押贷款利率。 另有分析人士指出，特朗普政府动用刑事传票向美联储施压，将使下任美联储主席更难说服市场与公众相信央 行具备独立性，这反过来也会让控制通胀预期变得更加困难。 联名批评 据央视新闻消息，美国十余名曾在财经界担任要职的人士12日发表联合声明，批评特朗普政府对联邦储备委员 会主席鲍威尔发起刑事调查 ...

Core Viewpoint - Active overseas funds are beginning to increase their allocation to Chinese assets, with a notable rise in engagement between UBS's team and overseas clients over the past year [1] Group 1: Investment Trends - Trading investors are particularly aggressive in increasing their positions in China, while allocation-focused investors are optimizing their portfolios by considering the fundamental performance of companies and policy implementation [1] - By 2026, allocation-focused investors are expected to significantly increase their investments in Chinese assets [1] Group 2: Market Outlook - The attractiveness of Chinese assets is anticipated to further increase this year, as global investors place greater emphasis on diversification [1] - China is expected to become an important incremental market for international capital allocation [1] Group 3: Underlying Factors - The renewed confidence in the market is driven by strong innovation capabilities, supportive policies, ample liquidity, and the potential inflow of funds from domestic and international institutional investors [1] - These factors are expected to support the Chinese stock market in experiencing another prosperous year [1]

Group 1 - The core idea of the news is the establishment of a county-level financing credit service platform in Ankang High-tech Zone, aimed at addressing the financing difficulties faced by small and micro enterprises through innovative mechanisms and technology empowerment [1][2] - The platform has registered over 7,000 operating entities, with 11 financial institutions participating and 55 financial products available, successfully facilitating financing of 188 million yuan out of a total demand of 299 million yuan [1] - The platform integrates over 120 million data points, covering more than 18,000 operating entities, to create a comprehensive "credit profile" for enterprises, thus transforming "credit assets" into new collateral for financial institutions [1][2] Group 2 - The platform enhances financing efficiency by introducing banks and guarantee institutions, allowing enterprises to publish financing needs online and enabling financial institutions to respond based on credit reports [2] - A "Four Loan Promotion" financial service area has been established in the government service hall, providing differentiated services and support for enterprise credit business, significantly improving the response speed and effectiveness of financing services [2][3] - The high-tech zone has implemented a management plan for the "Four Loan Promotion" financial service station, incorporating a dual leadership system and performance assessment linked to financial support policies to ensure service quality and risk monitoring [3]