获得资金支持后，文健不仅成功签约新品牌代理权，更集中采购了超过150台电动车投入节日市场。数 据显示，元旦期间，该店售出电动车67台，实现销售额同比增长12%，有力支撑了其在当地市场份额的 巩固与提升。 衡东灶前 腊味堆满"安心仓" "你看这仓库，满当当了！"衡东湘鸿食品有限公司负责人李小丽推开熏制车间的门，咸香扑面而来。作 为衡阳市农业产业化龙头企业，衡东湘鸿食品有限公司的腊肉、酱腌菜是湖南人年终餐桌上的"老招 牌"，更是不少家庭备年货的首选。往年每到12月，原材料涨价、订单集中并叠加短期贷款的"续贷顾 虑"，此外，今年订单比去年多了三成，这让李小丽犯了难。 腊味飘香，车轮滚滚，牛肉熏香满冻库……元旦一过，年味渐浓，湖南各地消费市场活力涌动。建行湖 南省分行紧扣年终产销旺季，以"真金白银"的精准支持、贴心高效的金融服务，助力千家万户备足年 货、迎战消费旺季，让金融活水沿着街头巷尾、车间厂房，流淌出热气腾腾的"人间烟火"。 龙山街头 "车流"驶入快车道 随着"神秘湘西过大年"系列活动的启动，湘西州龙山县的消费市场显著升温。在此背景下，本地一家老 牌电动车零售店——稳健电动车零售店，凭借一笔来自建行龙山县支行的 ...

2月24日，中国央行公布最新LPR报价。 中国人民银行授权全国银行间同业拆借中心公布，2026年2月24日贷款市场报价利率（LPR）为：1年期LPR为3.0%，5年期以上LPR为3.5%，连续9个月保持 不变。 以上LPR在下一次发布LPR之前有效。 | | | 中国人民银行 THE PEOPLE'S BANK OF CHINA | | | 货币政策司 Monetary Policy Department | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 信息公开 | 新闻发布 | 法律法规 | 货币政策 | 宏观审慎 | 信贷政策 | 金融市场 | 金融稳定 | 调查统计 | 银行会计 | | | 金融科技 | 人民币 | 经理国库 | 国际交往 | 人员招录 | 学术交流 | 征信管理 | 反洗钱 | 党建工作 | | 服务互动 | 政务公开 | 政策解读 | 公告信息 | 图文直播 | 央行研究 | 音频视频 | 市场动态 | 网上展厅 | 报告下载 | | | 网送文告 | 办事大厅 | 在线申报 | 下 ...

中国外交部发言人2月23日宣布，德国总理默茨将于25日至26日应邀对中国进行正式访问。默茨上周在 社交平台X上发文称，"愿马年为德中关系注入力量、带来新动力"，并表示期待不久后启程访华。欧洲 问题专家23日对《环球时报》记者表示，这是一次迟来但意义重大的访问，近期国际形势的变化，让德 国及默茨政府逐渐意识到，必须进一步提升对华关系的重要性。对默茨本人而言，这次访华也是一次重 要的认知更新契机。 根据德国总理府网站公布的访华行程，默茨24日从德国启程，将于25日在北京出席德中经济顾问委员会 座谈会，并与中国领导人举行会晤。在北京访问期间，他还将参观故宫以及德国车企梅赛德斯-奔驰。 之后，默茨将前往杭州，访问中国机器人企业宇树科技以及德国企业西门子能源。 据欧洲新闻台20日报道，默茨在基民盟党代会上宣布访华消息时表示："我们需要与全球各国发展经济 关系，这当然包括中国这样的国家。"他同时强调，将率领一支"庞大的商务代表团"一同访华。他表 示："当今的外交政策同样也是对外经济政策，而对外经济政策是我们经济政策的核心组成部分。" 据德国《商报》报道，这支"庞大的商务代表团"包括约30位高级商业代表，其中包括拜尔制药、 ...

信贷成本方面，富瑞看法则较为保守，偏好资产负债表较稳健及风险取态较审慎的银行。虽然今年本地 楼市初步复苏，但仍未见结构性转势。富瑞相信行业层面的不良贷款高峰期已过，预期与商业房地产相 关的不良贷款将于今年见顶回稳，其后经历一至两年的去风险过程。 股份方面，富瑞最看好港交所(00388)，因其更具杠杆效应，目前估值低于长期平均水平，升评级至"买 入"，目标价由373.94港元升至502港元。虽然富瑞亦预期本地银行股今年将录得正回报，但或因资本回 报水平较低而跑输国际同业。予中银香港(02388)及东亚银行(00023)"持有"评级，较偏好前者，基于其 基本面较具韧性及较高的回报水平; 中银目标价由31港元升至48港元。至于东亚银行，富瑞预期今年信 贷成本仍维持高企，但亦有交易机会，因考虑到潜在指数纳入及香港物业市场复苏因素。如去风险速度 较预期快，则有望带来进一步估值重估; 目标价由12港元升至16港元。 富瑞发布研报称，对今年香港金融股前景看法正面，因新股市场活跃、结构性跨境资金流动，以及住宅 物业市场初步复苏。富瑞预期未来美联储的政策可能令HIBOR正常化，料今年上半年一个月HIBOR将 维持于2.5%水平 ...

Macro Insights - During the Spring Festival, significant overseas events occurred, including heightened tensions in the Middle East leading to a sharp increase in international oil prices, a ruling by the U.S. Supreme Court declaring Trump's IEEPA tariffs illegal, and U.S. inflation data exceeding expectations, which complicates short-term market rate cut predictions [1] - In January, U.S. CPI growth rate unexpectedly declined due to falling food and gasoline prices, with expectations that tariff impacts on inflation are nearing their peak, potentially easing pressure on rate cuts [2] - Financial data at the start of the year showed stable performance, with direct financing growth driven by fiscal measures offsetting weak on-balance-sheet credit growth, and social financing growth remaining above 8% year-on-year [3] Bond Market Insights - The convertible bond market is expected to experience short-term trading opportunities due to calendar effects, but investors should remain cautious of high valuation risks in the medium term [4] - There is a need to address "involution" in competition to prevent unreasonable credit growth, with a preference for stable and realistic credit data over inflated growth figures [5] - The secondary market for publicly listed REITs showed an overall price increase, with the China REITs index closing at 804.77, reflecting a weekly return of 0.32% [6] Banking Sector Insights - In January, loan growth was lower than expected, with corporate loans being the main contributor, while household loan demand may weaken in February due to seasonal factors [10] - Commercial banks reported a net profit of 2.38 trillion yuan in 2025, with a net interest margin growth of 2.3% year-on-year, indicating a gradual improvement in profitability [11] Strategic Metals Insights - The current environment of "de-globalization, stockpiling, and weakening dollar credit" is reminiscent of the 1970s, leading to a positive outlook on the valuation of strategic metals [12] Company-Specific Insights - Huahong Semiconductor's Q4 2025 performance met expectations, with a projected net profit growth of 158% in 2026, supported by high utilization rates and price stability [13] - Lenovo Group's FY26 Q3 revenue increased by 18% year-on-year, with strategic restructuring expected to help its ISG business return to profitability [14] - Budweiser APAC's Q4 2025 revenue was $1.073 billion, with a focus on regaining market share in China, leading to a downward revision of profit forecasts for 2026-2027 [15]

2月24日，中国人民银行授权全国银行间同业拆借中心公布新版LPR（贷款市场报价利率）报价：1年期 品种报3.0%，上月为3.0%；5年期以上品种报3.5%，上月为3.5%。LPR已连续九个月保持不变。 2月两个期限品种的LPR报价保持不变，符合市场预期，在业内人士看来，有两个直接原因：首先，2月 以来政策利率（央行7天期逆回购利率）保持稳定，意味着2月LPR报价的定价基础没有发生变化，已在 很大程度上预示当月LPR报价会保持不动；另外，尽管受央行在春节前较大规模投放流动性等影响，近 期包括1年期商业银行（AAA级）同业存单到期收益率在内的主要中长端市场利率略有下行，但最新数 据显示，2025年四季度末商业银行净息差持续处于1.42%历史最低位，当前报价行缺乏主动下调LPR报 价加点的动力。 此外，2026年还需着力稳定房地产市场，预计监管层有可能通过单独引导5年期以上LPR报价较大幅度 下行，并结合财政贴息等方式，推动居民房贷利率更大幅度下调，这是现阶段缓解实际居民房贷利率偏 高问题、激发市场购房需求、扭转楼市预期的关键一招。 图片来源：视觉中国 来源：北京日报客户端 记者：潘福达 东方金诚宏观研究团队认为， ...

黄金将恢复上涨，年中最高可达每盎司6200美元； 铜和铝供应将进一步短缺，中期内应支撑价格，而结构性驱动因素（如电气化）支撑长期需 求； 布伦特原油6月为每桶65美元，12月为67美元/桶，而目前为71.3美元/桶。 来源：市场资讯 来源：金十 瑞银集团（UBS）重申了对黄金的积极看多立场，预计在未来数月内，国际现货黄金目标价将大幅攀升 至6200美元/盎司。 该团队的Dominic Schnider表示："1月底大宗商品价格波动较大，但贵金属、石油和工业金属均实现当 月上涨。随着这种波动开始减弱，我们认为大宗商品的基本面前景依然支持看涨，主要受供需失衡、地 缘政治变化和结构性趋势的驱动。" Schnider预计： 在地缘政治层面，瑞银分析师指出，全球宏观不确定性仍将是市场面临的长期主基调。特别是近期美国 与伊朗之间的紧张局势不断升级，使得中东地区的地缘政治风险持续处于高位。分析人士指出："该地 区部署了两艘航母、战斗机和加油机，美国的军事集结规模现在已超过今年年初特朗普推翻马杜罗前几 周在委内瑞拉海岸的规模。是否能与伊朗达成协议尚待观察，因为近期针对伊朗的军事行动似乎越来越 可能发生。" 宏观经济环境同样为 ...

Group 1: Macro Insights - The overall sentiment around the Spring Festival is mixed, with positive aspects outweighing the negative; the macro environment remains favorable for the market [3] - Key observations include a decline in new home sales and a drop in movie ticket sales during the holiday, while travel and tourism showed strong activity [3] - The economic performance is still under observation, with credit data showing mixed results and social financing needing further assessment [3] Group 2: Fixed Income Market - The bond market is expected to continue its upward trend post-Spring Festival, supported by a stable demand for bonds from banks and other institutional investors [12][15] - The liquidity environment is anticipated to remain loose, with the central bank likely to smooth out market shocks through rollovers of maturing repos [13][14] - The overall bond market is expected to stabilize due to low financing demand and a favorable trading structure [15][16] Group 3: Transportation Sector - High dividend highway companies are becoming attractive for investment, with dividend yields rising to 4-6% [17] - The growth potential in the transportation sector is driven by infrastructure expansion and investment opportunities in mature operational assets [17] - The revision of the "Highway Management Regulations" is expected to enhance long-term returns for the industry [17] Group 4: Food and Beverage Sector - Baoli Food has transitioned from single product offerings to a comprehensive empowerment model, focusing on compound seasonings and light cooking solutions [19] - The company has shown steady revenue growth, with a projected CAGR of 14.09% from 2022 to 2024, and a net profit of 1.92 billion yuan in Q1-Q3 2025 [19][20] - Investment recommendations include focusing on high-dividend and growth-oriented companies within the food and beverage sector, particularly those with strong B-end customer relationships [32][20] Group 5: Coal Industry - Global energy prices are experiencing divergence, with crude oil prices rising significantly due to geopolitical tensions and supply concerns [29][30] - The increase in oil prices is driven by factors such as military actions in the Middle East and a reduction in U.S. oil inventories [30] - Investment suggestions include focusing on high-performing coal companies and those in niche markets [30]

2026年1月份，银行代客涉外收入54722亿元人民币，对外付款48974亿元人民币。按美元计值， 2026年1月份，银行代客涉外收入7816亿美元，对外付款6995亿美元。 责任编辑：杨喜亭 国家外汇管理局统计数据显示，2026年1月份，银行结汇20048亿元人民币，售汇14457亿元人民 币。按美元计值，2026年1月份，银行结汇2863亿美元，售汇2065亿美元。 ...

Core Viewpoint - The People's Bank of China and the National Financial Regulatory Administration have conducted the 2025 assessment of systemically important banks, identifying 21 domestic banks categorized into five groups based on their systemic importance scores [1] Group 1: Assessment of Systemically Important Banks - A total of 21 domestic systemically important banks have been recognized, including 6 state-owned commercial banks, 10 joint-stock commercial banks, and 5 city commercial banks [1] - The banks are divided into five groups based on their systemic importance scores, with the first group consisting of 11 banks, the second group having 4 banks, the third group with 2 banks, the fourth group containing 4 banks, and the fifth group having no banks [1] Group 2: Breakdown of Bank Groups - The first group includes: China Minsheng Bank, China Everbright Bank, Ping An Bank, Huaxia Bank, Ningbo Bank, Jiangsu Bank, Beijing Bank, Nanjing Bank, Guangfa Bank, Zheshang Bank, and Shanghai Bank [1] - The second group consists of: Industrial Bank, China CITIC Bank, Shanghai Pudong Development Bank, and China Postal Savings Bank [1] - The third group includes: Bank of Communications and China Merchants Bank [1] - The fourth group comprises: Industrial and Commercial Bank of China, Bank of China, China Construction Bank, and Agricultural Bank of China [1] - The fifth group currently has no banks included [1] Group 3: Future Regulatory Actions - The People's Bank of China and the National Financial Regulatory Administration will implement additional regulatory measures for systemically important banks according to the "Regulations on Additional Supervision of Systemically Important Banks (Trial)" [1] - The aim is to enhance the synergy between macro-prudential management and micro-prudential supervision, ensuring the safe and sound operation of systemically important banks [1] - This initiative is intended to better support the high-quality development of the real economy [1]