智通财经APP获悉，香港联交所最新资料显示，1月2日，摩根士丹利增持纳芯微(02676)4.28万股，每股 作价119.8404港元，总金额约为512.92万港元。增持后最新持股数目约为96.24万股，最新持股比例为 5.04%。 ...

Core Viewpoint - The central theme of the articles revolves around the continuous increase in gold reserves by central banks, particularly in China, and the optimistic outlook for gold prices in 2026, driven by various macroeconomic factors and investment demand [1][4][10]. Group 1: Central Bank Gold Reserves - As of December 2025, the central bank holds 74.15 million ounces of gold, an increase of 30,000 ounces from the previous month, marking 14 consecutive months of gold accumulation since November 2024 [1][2]. - The increase in gold reserves is attributed to changes in the global political and economic landscape, leading to a decreased necessity to pause gold purchases for cost control and an increased necessity for optimizing international reserve structures [1] Group 2: Gold Price Trends - The World Gold Council reports that gold prices have shown remarkable performance in 2025, with expectations of a further increase of 15% to 30% in 2026 [4]. - Gold prices opened at $1,826 per ounce in 2023 and have surged to around $4,460 per ounce, with a peak of $4,550 per ounce, reflecting a more than 60% increase over the past year, the largest annual gain in 46 years [4][10]. - Analysts predict that despite potential short-term corrections, the structural bull market for gold remains solid, supported by ongoing fiscal expansion and strategic gold accumulation by central banks [9][11]. Group 3: Investment Demand and Market Dynamics - Investment demand, particularly through gold ETFs, is expected to play a crucial role in driving gold prices, offsetting weaker demand from jewelry and technology sectors [4]. - The report indicates that a 14% increase in investment demand could push gold prices to $5,000 per ounce, while a 55% increase could potentially reach $8,000 per ounce [10]. - The current market environment, characterized by high debt levels and policy uncertainty, continues to favor gold as a hedge, with recommendations for investors to increase their gold allocation in portfolios [10][11].

Core Viewpoint - Gold prices stabilized after a three-day increase, while silver prices rose for the fourth consecutive day, approaching historical highs due to geopolitical tensions and upcoming U.S. economic data [1][6]. Group 1: Gold and Silver Market Trends - Gold prices increased over 4% in the previous three days, while silver saw a rise of over 13% in the same period [1][6]. - The geopolitical landscape remains fragile, but traders are shifting focus to U.S. economic data set to be released this week [1][6]. - Citigroup estimates that due to adjustments in commodity index weights, gold futures could see a capital outflow of $6.8 billion, with a similar outflow expected for silver futures [1][6]. Group 2: Central Bank Demand and Future Projections - The World Gold Council reported that central bank demand for gold remained strong in November, with net purchases of 45 tons, bringing the year-to-date total to nearly 297 tons [1][6]. - Morgan Stanley predicts that gold prices could soar to $4,800 per ounce by the fourth quarter of this year, driven by declining interest rates and strong purchases from central banks and funds [1][6]. Group 3: U.S. Economic Indicators - The market is focused on the upcoming ADP employment data, with expectations of a rebound to 50,000 jobs in December, despite signs of a cooling job market [4][9]. - The ISM non-manufacturing PMI for December is expected to be 52.3, indicating a slowdown in expansion [4][9]. - The Federal Reserve is anticipated to lower interest rates by more than one percentage point by 2026, as current monetary policy is seen as suppressing economic growth [5][9]. Group 4: Market Reactions and Technical Analysis - Gold is approaching a significant psychological resistance level of $4,500 per ounce, with potential to challenge last December's historical highs if the ADP employment data is weaker than expected [10]. - If the job market shows moderate growth, it may have limited impact on gold prices, while a significant positive surprise could lead to short-term downward pressure on gold [10].

Group 1: Gold Market - The People's Bank of China has increased its gold reserves for the 14th consecutive month, reaching 7.415 million ounces (approximately 2306.323 tons) as of the end of December, with a month-on-month increase of 30,000 ounces (approximately 0.93 tons) [1] - Domestic gold jewelry prices have collectively risen, with the highest price reported at 1,402 yuan per gram [2] Group 2: Pharmaceutical Industry - The National Medical Products Administration is optimizing the review and approval process for urgently needed overseas drugs that are already on the market, encouraging simultaneous global research and application in China [3] Group 3: Lithium and Nickel Futures - Domestic futures contracts for lithium carbonate and nickel have both surpassed the 150,000 yuan per ton mark, with lithium carbonate's main contract reaching as high as 147,000 yuan per ton and the forward contract peaking at 152,000 yuan per ton [4] Group 4: Semiconductor Industry - Micron plans to increase its HBM4 production capacity to 15,000 wafers per month, which represents nearly 30% of its total capacity, with production expected to start in the second quarter [5] - The global DRAM market is experiencing a significant price increase, with prices rising over 100% since July 2025, driven by high demand from AI servers [5] - The price of memory modules has surged, with some DDR5 server memory modules exceeding 40,000 yuan each, leading to comparisons with real estate prices in Shanghai [5] Group 5: Corporate Developments - Samsung Electronics announced a stock buyback worth 2.5 trillion won (approximately 1.9 billion USD) for employee compensation [6] - Baidu's AI chip company Kunlun plans to raise up to 2 billion USD through an IPO in Hong Kong [6] - Sanbo Neuroscience clarified that claims of completing 300 brain-computer interface surgeries are false [7] - Phoenix Holdings announced the resignation of its general manager Zhang Miaolei, with Li Yan appointed as the new general manager [8] - Ping An Life has increased its stake in Agricultural Bank of China H-shares to 20%, triggering a mandatory disclosure [9] Group 6: Environmental and Financial Updates - Yunda Environmental has changed its name to State Power Investment Group Water Power Co., Ltd., effective January 13, 2026 [10] - Bestme's subsidiary has received an indictment for environmental pollution, but operations continue normally [11] - Nanjing Panda has stated it currently has no mature products related to brain-computer interfaces [12] - Anke Intelligent Electric has won an EPC project in Pakistan worth approximately 75.79 million yuan [13] - Guangqi Technology has signed contracts for the mass production of metamaterials worth a total of 264 million yuan [14] - Wenkang Capital has paid 212 million yuan in back taxes, which is expected to reduce its 2025 net profit by approximately 59.98 million yuan [15] - Chuanjinno expects a net profit increase of 144.24% to 172.64% in 2025 [16] - Zhongke Blue News anticipates a net profit increase of 366.51% to 376.51% in 2025 due to significant gains from investments [17] - Aotwei forecasts a net profit decrease of 55.12% to 66.17% in 2025 [18] Group 7: Corporate Transactions - Unigroup Guowei is planning to acquire controlling or full ownership of Ruineng Semiconductor, with its stock currently suspended [19]

Core Viewpoint - Venezuela's stock market experienced a surge of over 50%, with the IBC index rising from approximately 2000 points at the beginning of 2026 to nearly 3900 points, reflecting a significant improvement in market sentiment [1] Market Performance - The IBC index has increased by over 100% year-to-date, indicating a strong recovery in investor confidence [1] - The rise in the index accelerated following recent events, which are perceived as potential turning points for the country's economy and politics [1] Investor Sentiment - Market observers note a return of optimism among investors, attributed to a reduction in political risks associated with Maduro [1] - There is growing interest in Venezuelan bonds and stocks, particularly in sectors related to oil production, infrastructure, and financial services [1] Economic Outlook - In a post-Maduro era, Venezuela's vast oil reserves may become accessible to international energy companies, potentially leading to new capital inflows and an increase in global oil supply [1] - This situation is viewed as a pathway for Venezuela to normalize its economy after years of international isolation and sanctions [1]

Core Viewpoint - The establishment of the "Finance + Technology" column by Tsinghua Financial Review aims to support sustainable development in forestry, responding to the "Notice on Financial Support for High-Quality Development of Forestry" issued by the People's Bank of China and other regulatory bodies in August 2025, marking the 20th anniversary of the "Green Mountains and Clear Water are Gold and Silver Mountains" concept [2][4][5]. Group 1: Background and Objectives - 2025 marks the 20th anniversary of the "Two Mountains" concept, which has been integrated into key national policies and is essential for promoting ecological civilization [4][5]. - The column aims to explore new paths for sustainable forestry development by integrating finance and technology, enhancing understanding of the forestry industry, and providing effective financial products and risk management strategies [5][6]. Group 2: Implementation Strategies - The "Notice" outlines 15 measures across five areas: financial services, guarantees, investments, support, and complementary systems, facilitating the integration of finance, collective forest rights reform, and comprehensive forest management [5]. - The column will serve as a platform for policy interpretation, sharing innovative practices, and addressing core challenges in forestry, such as historical issues in forest rights and ecological product valuation [6]. Group 3: Research and Submission Directions - The column will cover nine key topics, including innovative financial policy tools for ecological support, the role of financial technology in asset valuation, and the integration of climate finance with forestry carbon credits [7][8]. - Contributions are encouraged from experts and scholars, with a word count suggestion of 4,000 to 5,000 words, and submissions must be original and unpublished [9][10].

中国智能健康(00348)发布公告，证券经纪公司在2026年1月5日至2026年1月6日期间通知Future Empire Limited(Future Empire，本公司间接全资附属公司)，证券经纪公司已强制出售Future Empire所持云锋金 融集团有限公司(于香港注册成立的有限公司，其已发行股份于香港联合交易所有限公司主板上市(股份 代号：376))合共264.6万股股份(云锋股份)，扣除交易成本前的总代价约为920万港元。强制出售完成 后，未偿还证券经纪公司款项余额为零。 强制出售是为了清偿Future Empire结欠证券经纪公司的未偿还款项余额。根据证券经纪公司提供的保证 金融资条款和条件，如果发生违约事件，证券经纪公司有权处置为客户持有的任何或所有证券，并将所 得款项和任何现金存款用于清偿客户结欠证券经纪公司的所有未偿还款项余额。 于强制出售完成后，Future Empire于该证券经纪公司持有431.6万股云锋股份。 ...

Group 1 - The company announced the redemption of a structured deposit product from Industrial and Commercial Bank of China, recovering a principal amount of 10 million yuan and earning a return of 6,041.10 yuan [1] - The company is utilizing part of its idle raised funds for cash management, with an unexpired balance of 20 million yuan, which does not exceed the board's authorized limit [1] - The cash management activities will not affect the progress of the investment projects funded by the raised capital or the company's normal production and operations [1]

于强制出售完成后，Future Empire于该证券经纪公司持有431.6万股云锋股份。 智通财经APP讯，中国智能健康(00348)发布公告，证券经纪公司在2026年1月5日至2026年1月6日期间通 知Future Empire Limited(Future Empire，本公司间接全资附属公司)，证券经纪公司已强制出售Future Empire所持云锋金融集团有限公司(于香港注册成立的有限公司，其已发行股份于香港联合交易所有限 公司主板上市(股份代号：376))合共264.6万股股份(云锋股份)，扣除交易成本前的总代价约为920万港 元。强制出售完成后，未偿还证券经纪公司款项余额为零。 强制出售是为了清偿Future Empire结欠证券经纪公司的未偿还款项余额。根据证券经纪公司提供的保证 金融资条款和条件，如果发生违约事件，证券经纪公司有权处置为客户持有的任何或所有证券，并将所 得款项和任何现金存款用于清偿客户结欠证券经纪公司的所有未偿还款项余额。 ...

格隆汇1月7日｜随着投资者进行获利了结并转而关注本周公布的美国关键经济数据，金价出现回落。美 国在委内瑞拉的行动为全球市场注入了新一轮波动，提升了本周避险资产的吸引力。不过，苏克登金融 的分析师表示："尽管更广泛的结构性前景仍然向好，尤其是白银，但我们预计金价在目前水平上对获 利盘和流动性变化将日益敏感。即使中线趋势仍有支撑，也存在大幅但暂时性回调的空间。" ...