Core Viewpoint - The article discusses Germany's concerns regarding its gold reserves stored in the United States amidst rising geopolitical tensions and unpredictable U.S. trade policies, particularly under the Trump administration. The potential risks associated with these reserves have prompted discussions about repatriating gold back to Germany. Group 1: Germany's Gold Reserves - Germany holds 3,352 tons of gold, valued at €280 billion, making it the second-largest holder of gold reserves globally, following the U.S. with 8,100 tons [3][34] - Over one-third of Germany's gold, approximately 1,200 tons, is stored in the Federal Reserve's vaults in New York, raising concerns about its security and ownership amidst U.S. policy changes [3][10][16] Group 2: Historical Context - The practice of storing gold in the U.S. dates back to the post-World War II era when the U.S. emerged as the only major economy unaffected by the war, leading to a concentration of global gold reserves in the country [5][7] - The Bretton Woods system established a link between the dollar and gold, further solidifying the U.S. dollar's dominance in global finance [7] Group 3: Current Concerns and Trends - A recent survey revealed that 68% of central banks globally are repatriating gold reserves, an increase of 18 percentage points over three years, reflecting a growing trend of financial sovereignty among nations [12][28] - The uncertainty surrounding U.S. policies has led to fears that foreign gold reserves could be used as leverage in diplomatic conflicts, prompting calls for Germany to ensure its gold is securely held domestically [19][25] Group 4: Implications of Repatriation - If Germany were to withdraw its gold, it could trigger a broader "gold rush" among other nations, potentially undermining the credibility of the U.S. dollar and its status as the world's reserve currency [17][25] - The logistical challenges of repatriating 1,200 tons of gold are significant, requiring the construction of a new facility in Frankfurt to accommodate the gold [26][30]

Core Insights - Hong Kong has successfully attracted 18 global enterprises, including Baidu, Li Auto, and Ant Group, with an expected investment of approximately HKD 50 billion, creating over 20,000 jobs [1] - The region's advantages include its free port status, research capabilities, and professional services, which are crucial in the current global economic climate characterized by unilateralism and protectionism [1] - The Hong Kong Investment Management Company, established in 2022, has invested in over 100 projects, focusing on hard technology, life sciences, and green technology, with a total fund size of HKD 62 billion [2] Investment Attraction Strategies - The Hong Kong government aims to position the region as a multinational supply chain management center, enhancing its appeal to mainland enterprises for offshore trade management [3] - The establishment of recognized warehouses by the London Metal Exchange in Hong Kong will facilitate safer and more cost-effective metal trading, further attracting related businesses [3] - The Investment Promotion Department is actively organizing events focused on multinational supply chains to encourage more enterprises to establish operations in Hong Kong [3]

波长光电（301421）公告，公司与深圳市时代伯乐创业投资管理有限公司签署了《关于〈波长光电产业 升级专项基金合作框架协议〉之终止协议》，双方均未就产业基金合作事宜实际出资。原《合作协议》 系双方拟设立产业投资基金的框架性协议，截至终止协议签署前，公司未签署正式的基金合伙协议或其 他具有实质约束性的法律文件，产业基金法律主体未设立。协议终止系双方友好协商一致的结果，双方 均未实际出资，无需对协议另一方承担违约责任或其他义务，亦不存在关于协议的未结事项、争议纠 纷，协议终止不会对公司的财务状况和生产经营产生重大影响。 ...

每经记者 岳楚鹏 每经编辑 高涵 ①【三大期指齐跌，科技股普跌】截至发稿，道指期货跌0.92%、标普500指数期货跌1.07%、纳指期货 跌1.18%，苹果下跌1.51%，英伟达下跌2.25%。 ⑥【分析人士：特朗普若解雇鲍威尔或冲击美债】据央视财经报道，美国总统特朗普的盟友以及美联储 官员近日都公开发声，对近期特朗普施压美联储主席鲍威尔的行为提出了批评。美国路易斯安那州、共 和党参议员约翰·肯尼迪接受美国全国广播公司NBC采访时，更是直言认为总统无权解雇美联储主席。 有分析人士警告，如果特朗普真的采取解雇鲍威尔的激进措施，那么美债市场就可能会受到冲击。 ⑦【推迟在美国投产平价车型Model Y，特斯拉跌超3%】近日，据外媒援引消息人士报道，特斯拉推迟 了在美国制造平价版Model Y的计划。特斯拉曾承诺在今年上半年推出这一车型，以提振低迷的销量。 知情人士称，这款低价版Model Y内部代号为E41，全球首批量产原计划在美国启动，但现在预计将比 特斯拉公开承诺的时间晚至少几个月，可能推迟到今年第三季度或明年初。截至发稿，特斯拉下跌 3.82%。 ⑧【大摩重申黑石集团增持评级】近日，摩根士丹利最新研报重申对黑 ...

金字火腿（002515）公告，公司于2025年4月18日收到实控人任贵龙的通知，其正在筹划股份转让事 项，该事项可能涉及公司控制权变更。交易对手方主要从事投资管理行业。上述事项尚存在重大不确定 性，公司股票自2025年4月21日起停牌，预计停牌时间不超过2个交易日。 ...

""职业"几乎是每个人一生中不可回避的两个字，甚至是我们的第二人生。职场人的日常 生活和精神状态，都不可避免地受到工作的影响。 "职业"，曾经像一枚钢印，稳稳地烙在每个人的履历上。如今，它却更像一幅水彩，边 界模糊，色彩流动。 当组织形态被解构，工作方式被重构，人与AI的边界在消融——职场人，注定要在稳 定与流动之间，寻找自己的职业韵律。 我们以为自己是在屏幕上做选择，却不过是在被选择。我们在技术的狂欢中迷失了自己，失去 了深度思考的能力，也正在失去与自我对话的勇气。 卓越的职场人，不是那些执着于单一赛道的人，而是懂得在"硬技能"与"软智慧"之间灵活切换 的跨界者。 阅读，恰恰提供了这种切换的枢纽。 未来呼啸而来， 真正的职业安全感，不在于找到一份永不失业的工作，而在于培养一种永不落 伍的思维。 " 当DeepSeek、GPT能在三秒内生成一份行业报告，当知识更新速度超过了人脑的缓存能力，阅 读的意义早已超越了"获取信息"。 阅读成了一种认知的慢呼吸，一种思维的抗眩晕训练。 这是一个注意力被精心设计的时代。真正的阅读者，不是信息的囤积者，而是思想的冲浪者 —— 他们懂得在潮水般的新知中辨别暗流，在碎片化的时代 ...

金十数据4月14日讯，天眼查App显示，近日，广州广金文远创业投资合伙企业（有限合伙）成立，执 行事务合伙人为广州金控基金管理有限公司，出资额1729万人民币，经营范围为以私募基金从事股权投 资、投资管理、资产管理等活动。合伙人信息显示，该企业由广州文远知行科技有限公司、广州金控基 金管理有限公司共同出资。 文远知行广州金控成立创投合伙企业 出资额1729万 ...

Core Viewpoint - Kansas City Fed President Jeffrey Schmid warned about the economic risks posed by global trade tensions, particularly due to increased market uncertainty from U.S. trade policies [1][3] Economic Performance - The U.S. economy is currently growing at around 3%, with low unemployment rates, indicating a relatively healthy economic state [3] - However, recent tariff policies have increased market volatility and uncertainty, leading to a decline in consumer confidence and rising inflation expectations [3] Federal Reserve Challenges - The Federal Reserve faces significant challenges in balancing inflation control with economic growth and employment support [3][4] - Schmid emphasized the need for the Fed to maintain its credibility in inflation control, warning that unchecked price increases could lead to a vicious cycle of inflation expectations, reminiscent of the "inflation spiral" of the 1970s [3] Tariff Impact - Despite the U.S. delaying additional tariffs on most trading partners, high tariff rates continue to create uncertainty for the U.S. economy [3] - Morgan Stanley analysts predict that ongoing tariff policies may push the core Personal Consumption Expenditures (PCE) inflation rate up to 4%, exacerbating economic instability [3] Policy Decision Complexity - Schmid noted that while the theoretical impact of tariffs may be temporary, the Fed cannot rely solely on theoretical assumptions in the current economic environment [4] - The supply shocks caused by tariffs could have profound effects on inflation and economic growth, making future policy decisions by the Fed crucial [4]

Core Viewpoint - The company Huaitong Energy (600605) announced that its subsidiary Huide Xinyuan plans to invest 30 million yuan as a limited partner in the Anhui Gaoxin Yuanhe Puhua Private Equity Investment Fund Partnership (Limited Partnership) managed by Yuanhe Puhua Tongxin (Suzhou) Investment Management Co., Ltd. [1] Investment Details - The investment agreement was signed on April 10, 2025, outlining the core terms of the partnership [1] - The investment scale represents a low proportion of the company's net assets, indicating that it will not affect the normal operation of the company's production activities [1] - The investment is not expected to have a significant impact on the company's business and financial condition [1]

Core Viewpoint - The current global economic environment is undergoing significant disruption due to trade tensions and tariff escalations, leading to unprecedented uncertainty about future market conditions [1][8][29]. Group 1: Market Conditions - The credit market currently offers better investment opportunities compared to stocks, with high-yield bonds yielding approximately 8%, up from 7.2% six weeks ago [2][3]. - The stock market has experienced a decline of approximately 15% to 17% recently, attributed to a deteriorating macroeconomic environment [4][5]. - The extent of the stock market decline raises questions about whether the drop is excessive, appropriate, or insufficient, but no one can definitively answer this [6][18]. Group 2: Trade and Globalization - The shift towards protectionism and trade restrictions marks a significant paradigm shift from the era of free trade and globalization, which has historically contributed to economic prosperity [8][9]. - The benefits of trade include specialization and cost advantages, which enhance global welfare; a move away from trade could lead to decreased living standards [9][10]. - The potential for sustained inflation exists as global supply chains that have historically kept prices low are disrupted by tariffs and trade barriers [10][11]. Group 3: Investment Strategy - Current market conditions present a "market dislocation" scenario, where asset prices may not accurately reflect future risks and returns [17][18]. - Investors must assess whether current price declines represent a buying opportunity or if further adjustments are necessary, as this judgment cannot be quantified [19][20]. - The historical average annual return for stocks is around 10%, but with the current price-to-earnings (PE) ratio at 19, future returns may be lower than historical averages [13][14]. Group 4: U.S. Investment Landscape - The U.S. remains a potentially attractive investment destination, but its advantages have diminished due to weakening rule of law, predictability of outcomes, and fiscal challenges [33]. - Concerns about the U.S. fiscal deficit and debt could complicate its investment appeal, especially if global sentiment shifts against the dollar [33].