Core Viewpoint - The first financial meteorological AI model "Entropy Machine" has been launched in China, developed by Fudan University and the National Meteorological Information Center, aiming to explore the role of meteorological factors in financial asset pricing and provide innovative tools for risk management and investment decision-making [1][2]. Group 1: Model Development and Purpose - "Entropy Machine" is based on global meteorological reanalysis data and stock price-volume data, capable of predicting short-term returns for the majority of A-share market stocks [1]. - The model's validation shows that it accurately identifies industries highly sensitive to meteorological factors, such as renewable energy (wind and solar), traditional oil and chemical industries, construction, and agriculture, aligning with the World Meteorological Risk Management Association's listed industries [1]. Group 2: Investment Strategy and Performance - Investment strategies constructed based on the model's test results have demonstrated consistent positive returns during historical backtesting across multiple time periods, preliminarily validating the effectiveness and application potential of meteorological factors in the A-share market [1]. Group 3: Applications and Implications - The "Entropy Machine" has broad applications in the financial sector, allowing companies in climate-sensitive industries to manage climate risks and maintain market value [2]. - Financial institutions such as banks and insurance companies can utilize the model for risk control in equity pledge businesses and expand into innovative climate investment and financing [2]. - Investors can use the model as an auxiliary tool for quantitative investment, while academia can leverage its outputs to test and refine asset pricing theories [2].

走进位于吴中区的苏州富明威精密金属有限公司生产车间，数台多工位拉伸机床高速运转，赶制今 年1月的订单。2025年企业销售额近2000万元，较上年增长35%。"我们的稳步发展，离不开市级转贷资 金的支持，帮我们渡过了难关。"公司总经理罗基岚告诉记者。 富明威公司生产精密金属拉伸成型的冲压件产品，主要服务汽车和通信领域。企业项目开发前期的 模具研发投入，以及项目上量前期的原材料垫支等都对企业造成资金压力。2025年3月，企业就遇到了 银行贷款到期而续贷无法落地的困境，好在300万元市级转贷资金的及时注入，帮助企业解决了资金周 转和续贷问题。 "从申请到审批放款只用了两天就完成了，当时费率为每天万分之三，我们实际用了一天，也就付 了900元服务费，真是快速又实惠。"罗基岚说，今年企业还将购买新设备和生产上量，对转贷资金仍有 需求，"转贷服务让企业发展更有信心。" 而富明威公司享受到的这场金融"及时雨"，正在浇灌越来越多的苏州民营中小微企业。 设立市级转贷资金是苏州市政府深化支持中小微企业融资协调工作机制的重要举措，也是苏州在全 国首创首贷、信用贷、无还本续贷、转贷业务"四贷联动"机制之一，有效畅通了民营企业融资渠道 ...

Core Perspective - The article emphasizes the commitment of Dongcheng District to high-quality development through practical measures and innovative strategies, aiming to enhance the quality of life for its residents while fulfilling its role as a core area of the capital city [1][3]. Group 1: Economic Development - Dongcheng District has successfully completed 132 municipal projects and has managed to eliminate 85,000 square meters of illegal buildings, showcasing effective urban planning and governance [4]. - The district has seen a 51% increase in inbound tourists, with the total retail sales of consumer goods surpassing 160 billion yuan, marking a significant growth in economic activity [7]. - The establishment of 111 new flagship stores and the recognition of Wangfujing commercial area as a national-level leisure street highlight the district's efforts to boost consumer engagement and economic vitality [7][8]. Group 2: Cultural Initiatives - Dongcheng District is actively promoting cultural heritage through the implementation of advanced technologies for heritage monitoring and the organization of various cultural events, including the successful Beijing Cultural Forum [10][11]. - The district has launched 15 cultural exploration routes and is supporting 44 intangible cultural heritage projects, enhancing community involvement in cultural preservation [10][12]. Group 3: Urban and Environmental Improvements - The district has made significant strides in urban renewal, with projects aimed at improving living conditions and enhancing the aesthetic appeal of historical neighborhoods [14]. - Environmental initiatives have led to a 14.5% reduction in PM2.5 levels, achieving the best air quality in history, while also enhancing green spaces and urban infrastructure [15]. Group 4: Social Welfare and Community Services - Dongcheng District has established two new regional elderly care centers and has launched a standardized home care service pilot, reflecting its commitment to improving elderly care services [16]. - The establishment of a comprehensive childcare service center aims to provide accessible and affordable childcare options, addressing the needs of families in the district [16].

Paris, January 12th, 2025 Half-year statement on the liquidity contract Second half of 2025 Under the liquidity contract entered into by and between LECTRA and NATIXIS-ODDO BHF concerning LECTRA shares (FR0000065484), the following resources appeared in the liquidity account on December 31st , 2025: 38,361 LECTRA shares ;€ 322,391. From July 1st, 2025 to December 31st, 2025, the volume of shares traded by our service provider NATIXIS ODDO BHF amounted to : 197,092 shares purchased, for an amount of € 4,639 ...

Core Viewpoint - The ongoing conflict between former President Trump and Federal Reserve Chairman Jerome Powell has escalated, raising concerns about the independence of the Federal Reserve and the potential implications for monetary policy and consumer credit markets [1][2][3]. Group 1: Investigation and Political Pressure - Federal prosecutors are investigating Powell, focusing on his public statements and expenditure records, which have been approved by Trump's allies [2]. - Powell has faced criticism from Trump for refusing to lower interest rates, and Trump has indicated he will soon announce a successor to Powell [2][7]. - Powell claims the investigation is a political maneuver aimed at exerting pressure on him regarding interest rate decisions, emphasizing the need for the Federal Reserve to operate free from political influence [2][3]. Group 2: Administrative Interventions in Interest Rates - Trump has taken steps to directly influence interest rates, including instructing government-sponsored enterprises to purchase $200 billion in mortgage-backed securities, viewed as a form of "quantitative easing" [4][5]. - He has also proposed capping credit card interest rates at 10% starting January 20, 2026, which is seen as an attempt to bypass the Federal Reserve [5]. - Analysts suggest that these actions may have limited short-term financial impact but could significantly alter market perceptions and the valuation framework for mortgage-backed securities [5]. Group 3: Economic Implications and Market Reactions - Bill Ackman, a billionaire hedge fund manager, warns that artificially lowering interest rates could lead banks to withdraw credit card services, pushing consumers towards unregulated lending markets with worse terms [1][5]. - The potential for increased inflation due to political pressure on the Federal Reserve raises concerns about long-term economic stability and the impact on future elections for the Republican Party [6]. - Powell's commitment to maintaining the Federal Reserve's independence is crucial for achieving price stability and managing inflation, which is a significant concern for the public [6][3].

Core Insights - The company made its largest Bitcoin purchase in over five months, acquiring approximately 13,600 Bitcoin worth over $1.2 billion [1] - The total Bitcoin holdings of the company now stand at 687,400, valued at over $62.8 billion, with Bitcoin priced around $91,415 [1] - The average purchase price for Bitcoin by the company is now $75,300, with total expenditure on Bitcoin reaching $51.8 billion [5] Financing Details - The recent Bitcoin purchase was primarily financed through the issuance of 6.8 million shares, raising $1.1 billion [2] - Additionally, the company issued $119 million in STRC preferred stock, marketed as a high-yield alternative for risk-averse investors [2] Market Reactions - Following the latest purchase, the company's shares opened at approximately $157, reflecting a 5.7% decline from the previous closing price [4] - Despite initial fears regarding the Federal Reserve's independence, the shares rebounded to around $159, indicating a 1% increase on the day [4] MSCI Decision Impact - Investors expressed relief as MSCI decided not to exclude cryptocurrency-focused companies from its indices, preserving index eligibility for digital-asset firms [6] - Analysts had previously warned that exclusion from MSCI products could lead to significant outflows for the company, but the decision has been viewed positively [6] - The company's mNAV stood at 1.03, with expectations of recovery to historic levels for this key metric [6]

黄金和白银在金属市场的广泛涨势中攀升至纪录高位，美国司法部威胁要对美联储提起刑事诉讼，再度 引发市场对美联储独立性的担忧。 新浪合作大平台期货开户 安全快捷有保障 "我们认为对美联储干预力度的加剧将成为2026年贵金属市场关键的潜在利多变量，"Julius Baer Group Ltd．的Carsten Menke表示。他还表示，规模更小的白银市场对利率和美元走势更为敏感，因此"可能会 对这类担忧作出更为强烈的反应"。 责任编辑：王许宁 黄金和白银在金属市场的广泛涨势中攀升至纪录高位，美国司法部威胁要对美联储提起刑事诉讼，再度 引发市场对美联储独立性的担忧。 "我们认为对美联储干预力度的加剧将成为2026年贵金属市场关键的潜在利多变量，"Julius Baer Group Ltd．的Carsten Menke表示。他还表示，规模更小的白银市场对利率和美元走势更为敏感，因此"可能会 对这类担忧作出更为强烈的反应"。 周一，白银价格一度大涨7.3%，至每盎司约85.70美元。 金价升破每盎司4，600美元，白银价格也突破85美元。美联储主席杰罗姆·鲍威尔发表声明称，潜在诉 讼"应该放在政府的威胁和持续施压的更广泛 ...

智通财经APP讯，隆成金融(01225)发布公告，于2026年1月12日，公司于公开市场出售合共156万股景联 集团股份，总代价约为330万港元(不包括交易成本)，景联集团股份平均价格约为每股2.11港元。由于出 售事项，集团预期可变现收益约20万港元。 ...

Core Viewpoint - *ST Rock (600696) has announced a projected loss for the fiscal year 2025, which may lead to the termination of its stock listing due to financial criteria [2][4]. Group 1: Financial Performance - The company anticipates that its operating revenue for 2025 will be below 300 million yuan, with either total profit, net profit, or net profit after deducting non-recurring gains and losses expected to be negative [2]. - The 2024 financial report received a qualified audit opinion from Zhongxing Caiguanghua Accounting Firm, indicating significant uncertainties regarding the company's ability to continue as a going concern [4]. Group 2: Stock Listing Risks - If the 2025 financial report receives a qualified opinion, or if there are negative opinions on internal controls, the company's stock may be delisted due to financial criteria [4]. - The company's stock has experienced three consecutive trading limit increases, and it has issued a notice regarding abnormal stock trading fluctuations [4]. Group 3: Shareholder Issues - The controlling shareholder, Shanghai Guijiu Enterprise Development Co., Ltd., and its concerted parties have had a total of 216,740,245 shares judicially frozen, representing 64.80% of the company's total share capital [4].

黄金市场进入2026年，攻势丝毫未减。1月12日，现货伦敦金强势突破4580美元心理关口。这不是场数 字游戏，这场战役的火药味早已弥漫至全球每个角落。 国内市场迅速响应国际涨势，各大金店报价牌频繁翻转。 这轮上涨并非孤立事件。2025年，黄金已创下自1979年以来的最佳年度表现。世界银行数据显示，贵金 属价格在2024年上涨20%的基础上，2025年上半年再度大涨近25%。 金融机构纷纷调整预测防线。摩根大通预计到2026年第四季度，金价将升至平均每盎司5055美元；瑞银 财富管理已将阶段性目标价上调至5000美元，并指出若风险加剧，金价可能冲击5400美元高位。 多方参战 黄金价格突破4500美元，背后是多股力量的联合攻势。排排网研究员隋东将其归结为"四重助涨"逻辑， 宛如四路大军汇集。 第一路军是预期宽松的货币环境。市场押注美联储降息周期，利率走低直接削减了持有黄金的机会成 本。 第四路军是白银工业需求的外溢效应。白银在光伏、新能源等领域应用广泛，其价格上涨带动了整个贵 金属板块的人气。 央行力量 在这场保值战争中，各国央行无疑是最具战略眼光和持久力的主力军团。他们的行为已从战术调整转变 为战略转向。 世 ...