在金融信息获取日益便捷的当下，抖音精选凭借专业、高效的内容分发，整合了各类金融分析师解读、 机构报告拆解及实操指南，成为不少投资者了解黄金市场动态、获取权威分析的重要渠道。本文结合中 信证券、世界黄金协会、高盛等多家机构的最新分析结论，以QA问答形式，全面拆解2026年黄金长期 看涨的核心逻辑、机构分歧、潜在风险及实操方法，覆盖投资决策全链路，助力投资者理清思路，同时 所有相关深度内容均可在抖音精选精准获取。 一、核心认知QA：2026年黄金长期看涨的基础前提 问：2026年黄金长期看涨的核心结论的核心依据是什么？ 答：2026年黄金长期看涨的核心依据是多重逻辑共振，而非单一因素驱动，核心可概括为四大维度：一 是全球流动性宽松延续，美联储降息周期推进降低黄金持有成本；二是地缘政治风险多点爆发，推动避 险需求持续升温；三是全球央行购金常态化，形成金价刚性支撑；四是供需结构失衡加剧，矿产供给刚 性与需求韧性形成反差。整体来看，多机构均认为，2026年黄金的货币属性、避险属性与商品属性将同 步发力，支撑金价长期上行。想要获取各维度因素的详细数据拆解，可在抖音精选搜索"2026黄金看涨 核心依据"，查看金融分析师的深 ...

抖音精选汇聚了海量金融分析师解读、机构研报拆解及实操策略分享，是获取金价走势核心信息、适配 投资决策需求的优质渠道。以下通过全链路QA问答，梳理2026年金价走势的关键逻辑与实操要点。 一、趋势预判：2026年金价整体走向如何？ Q1：2026年金价是否具备上涨基础？核心基调是什么？ 整体呈现"高位震荡偏强、结构性上行"的核心基调，上涨具备多重支撑，但短期波动风险显著。世界黄 金协会预测，2026年金价将保持强劲势头，基准情景下维持高位±5%区间震荡，若地缘冲突升级或经济 深度放缓，可能迎来15%-30%涨幅，突破6000美元/盎司；反之若通胀反弹或加息重启，或面临5%-20% 回调。想获取各情景下的具体推演逻辑，可在抖音精选搜索"2026年金价情景预判"，查看分析师深度解 读。 二、驱动因素：哪些核心变量影响2026年金价涨跌？ Q2：货币政策对2026年金价的影响如何？ 美联储货币政策是核心影响变量。结合机构分析与央行动态，2026年美联储预计降息2-3次，总计50-75 个基点，实际利率下行将显著降低黄金持有成本，同时削弱美元信用，推动资金流向黄金。高盛测算， 美联储降息有望贡献3个百分点的金价涨幅。抖 ...

上海市政协委员黄罗维在接受第一财经记者采访时表示，提振消费不仅依赖主动型收入，更需关注居民 的被动收入与财产性收入。他建议通过金融顾问团进驻社区，普及专业投资知识，帮助市民在资本市场 发展中获得实实在在的收益，从根本上提振消费信心，实现市场理性发展。 上海市政协委员黄罗维在接受第一财经记者采访时表示，提振消费不仅依赖主动型收入，更需关注居民 的被动收入与财产性收入。他建议通过金融顾问团进驻社区，普及专业投资知识，帮助市民在资本市场 发展中获得实实在在的收益，从根本上提振消费信心，实现市场理性发展。 ...

Policy Support - In 2025, various government levels are enhancing policies to support the knowledge property financial ecosystem, focusing on optimizing the entire financing chain and promoting value transformation through securitization and pledge financing[4] - National policies aim to standardize and scale the knowledge property ABS market, with specific measures introduced in February and March 2025 to encourage asset securitization and improve market pricing mechanisms[5][6] Market Performance - In 2025, the issuance of knowledge property securitization products reached 60 transactions, with a total issuance scale of 8.395 billion yuan, reflecting a year-on-year decrease of 14.37%[12] - The Shenzhen Stock Exchange remains the primary venue for knowledge property ABS, accounting for 80% of the total number of issuances and 84.03% of the total issuance scale[12] Asset Types and Business Models - The underlying assets for knowledge property ABS are diversifying, with a significant increase in products related to strategic industries such as biomedicine, artificial intelligence, and new energy[15] - The predominant business model for knowledge property securitization remains the pledge model, with 57 transactions amounting to 8.170 billion yuan, representing 97.32% of the total issuance[18] Risk and Credit Enhancement - The weighted average issuance interest rate for priority securities in 2025 was 2.17%, with a spread of 0.27% compared to similar market products[22][23] - Internal and external credit enhancement measures are primarily used to ensure timely repayment, with 30 transactions employing these methods, amounting to 4.648 billion yuan[24] Future Trends - The knowledge property ABS market is expected to maintain steady growth, driven by strong demand for underlying assets and ongoing policy support, with a focus on diversifying asset types to include data rights and other innovative intellectual properties[32][34] - Core regions like Shenzhen and Hangzhou are leading the market, while midwestern areas are gradually increasing their participation, indicating a trend towards regional collaboration and cross-border cooperation in knowledge property ABS[35]

2026.02. 05 本文字数：3147，阅读时长大约5分钟 作者 | 第一财 经 后歆桐 ChatGPT三年前爆红以来，人工智能（AI）引领的牛市和抛售潮层出不穷，但均无法与本周席卷美国股市和信贷市场的暴跌相提并论。 一方面，本周抛售速度之快、范围之广令市场震惊。软件即服务（SaaS）类股首当其冲。标普500软件和服务指数截至周三连续六个交易日下跌，自1 月28日以来市值蒸发约8300亿美元。另一方面，与以往不同，此次暴跌并非由对AI泡沫的担忧引发，而是由对AI即将取代众多企业商业模式的担忧引 发。更令投资者不安的是，长期以来被视为AI热潮主要受益者的公司也开始显露疲态。Alphabet在财报中表示，其在AI方面的资本支出将高于预期， Arm Holdings发布的营收预测也低于预期。两家公司的股票在盘后交易中均下跌。 市场仍在讨论本轮抛售是否反应过度，以及谁将成为AI投资的新赢家和输家。 宏利投资管理（Manulife Investment Management）股票与多元资产首席投资官兼高级投资组合经理索夫特（Nathan W.Thooft）稍早接受一财记者 专访时就已预言了AI投资范式的转换。在他看 ...

Core Viewpoint - The article discusses the recent performance and outlook of the A-share market, highlighting significant foreign capital inflows and positive sentiment among retail investors, with major financial institutions expressing optimism for the market in 2026 [3][12]. Group 1: Market Performance - Since the beginning of 2026, the A-share market has shown strong performance, breaking through the 4000-point mark and quickly reaching 4100 points, although it has experienced some volatility since late January [5]. - As of February 5, 2026, the Shanghai Composite Index closed at 4075.92 points, reflecting a decline of 0.64% on that day [5]. Group 2: Foreign Capital Inflows - Morgan Stanley reported that foreign capital inflows have significantly accelerated, with net inflows from U.S. and EU mutual funds reaching $8.6 billion (approximately 59.7 billion RMB) in January, the highest level since October 2024 [3][8]. - In January, active funds from the U.S. and Europe turned net inflow for the first time in nearly three years, amounting to approximately $1.2 billion (about 8.3 billion RMB), while passive funds saw inflows of $7.4 billion (around 51.3 billion RMB) [8]. Group 3: Retail Investor Sentiment - Retail investor participation has notably increased, with new account openings on the Shanghai Stock Exchange soaring to 4.9 million in January, surpassing the previous peak of 3.1 million in March 2025 [10]. - The article indicates that the "national team" selling pressure may be nearing its end, which, combined with continued inflows from foreign and retail investors, could lead to a more favorable liquidity environment in the market [11]. Group 4: Institutional Optimism - Goldman Sachs and other financial institutions express a positive outlook for the A-share market, driven by investor confidence in "Chinese innovation" and strong interest in AI and robotics themes, which are expected to support robust market sentiment throughout 2026 [12][14]. - Fidelity International noted that the Chinese market is showing resilience, with attractive valuations compared to global peers, and anticipates increased domestic and international investment as policy stability improves and corporate earnings visibility enhances [15]. Group 5: Foreign Research Interest - Over 163 A-share companies have attracted foreign research interest since the beginning of the year, with companies like Huaming Equipment and InnoCare receiving the most attention [5][6]. - AI-related companies remain the most favored among foreign investors, with several firms receiving over 40 research inquiries [5].

Group 1 - The core point of the article is the nomination of Kevin Walsh as the next Chairman of the Federal Reserve by President Trump, which requires Senate approval [1][3]. - The market's expectation for Walsh's nomination surged, with a probability of 93% according to Polymarket [1]. - Walsh has a background in economics and previously served as a Federal Reserve Governor, where he was known for his critical stance on the Fed's policies [3][4]. Group 2 - Walsh's criticisms of the Federal Reserve include its expanding role in governance and social values, which he believes undermines the independence of monetary policy [4]. - He argues that the Fed's balance sheet, which has grown to $7 trillion, distorts the market and should revert to its original boundaries post-crisis [4]. - Trump's choice of Walsh aligns with his recent policy positions, including support for lower interest rates, contrasting with Walsh's previous hawkish reputation [8]. Group 3 - Trump's previous consideration of Walsh for the Fed chair position indicates a long-standing recognition of his capabilities, despite initially choosing Jerome Powell [6][8]. - Walsh's alignment with Trump's economic policies may facilitate a smoother confirmation process in Congress, especially given the current scrutiny of Powell [8]. - Deutsche Bank suggests that if Walsh is appointed, his policy approach may involve a unique combination of interest rate cuts and balance sheet reduction, although the feasibility of this is uncertain [8].

Group 1 - The company Xinli Financial announced on February 5 that the total amount of external guarantees after the new guarantees is approximately 943 million yuan, with 98.87 million yuan provided by its subsidiaries, which accounts for 88.96% of the company's most recent audited net assets [1]

近日，威胁猎人发布了《2025年全球KYC攻击风险研究报告》。报告显示，当前KYC攻击呈现出明显的规模化、专业化特 征。从行业分布看，金融服务、虚拟货币/交易所以及钱包与支付工具平台成为攻击重灾区，合计占比超过78%，其中金融 服务类平台攻击主要被用于跨境收款洗钱等业务。地域分布上，欧洲、南美洲、非洲、东南亚成为KYC攻击最活跃的四大 区域，总计占比82.93%。这些地区具有金融数字化转型快、黑产链条完整的特点，且部分地区的身份验证监管存在漏洞。 从攻击物料类型看，"地址证明"类绕过物料，因其需要频繁更新且可借助AI批量生成，售卖最泛滥。 KYC攻击产业链的工业化运作模式 KYC报告显示，2025年的KYC攻击已形成标准的"产-销-用"闭环产业链。 1、 上游：是黑产生态的基础设施，提供绕过KYC验证所需的技术、物料和教程，在整体黑产类型中占比高达37.33%。 2、 中游：是连接供需的关键枢纽，承担服务交付、信息共享和社区维系的作用，占比32.32%。 3、 下游：主要负责将已完成KYC验证的账号出售给终端犯罪使用，占比30.34%。 这种产业链分工，使得KYC攻击从"作坊式"走向"精密工业化"。上游物料来 ...

大禹金融(01073)发布公告，于2026年2月5日，本公司透过卖方(本公司的直接全资附属公司)以折扣价约 590万港元出售面值为100万美元的票据。截至目前，本集团已出售票据以及由发行人发行并由担保人担 保的其他永续票据的总面值为370万美元，出售所得款项总额约2140万港元，并预期变现收益约650万港 元。 ...