指数数据直观印证了普惠金融的深化成效。融资效率与服务质量的同步提升，为中小微企业营造了更优 的金融环境。针对长期存在的融资难、融资贵、融资慢等痛点，银企互汇聚焦企业全生命周期融资需 求，打造一站式解决方案。通过创新互联网模式整合线上线下资源，联合数十家金融机构，智能解析企 业经营数据，动态适配多元化融资方案，有效打破信息壁垒，化解了传统融资模式下企业"反复奔波、 流程冗长"的困境。 银企互汇的服务优势，更深植于企小满科技的生态资源协同。依托企小满科技构建的涵盖法务合规、财 税管理、商业咨询等多元模块的一站式服务，银企互汇将单一的融资支持升级为覆盖多要素的全方位赋 能体系。通过大数据分析实现企业需求的精准识别与匹配，进一步提升了融资服务的专业性和效率。 近日，中国经济信息社与中国建设银行联合发布的第30期普惠金融-小微指数显示，2025年三季度小微 企业发展态势企稳向好。融资成本显著下降、资金供给持续扩容，金融服务可得性与质量同步提升，为 实体经济高质量发展注入强劲动力。在此背景下，企小满科技旗下金融服务品牌"银企互汇"积极响应政 策导向，精准对接企业需求，以创新的一站式融资服务破解行业痛点，依托生态协同优势， ...

银河证券指出，节后来看，假期期间港股市场与人民币汇率走强表现有助于提振投资者信心，A股市场 或将延续结构性行情。后续上行节奏还要观察政策预期与产业趋势突破，在上述因素支撑下，春季躁动 行情可能提前开启。同时，仍需关注海外风险等不确定性因素的短期扰动。展望2026年，"十五五"开局 之年改革政策预期强化，人民币汇率向上等价格因素支撑流动性向好，市场信心有望得到提振。关注盈 利修复逻辑下，具备业绩兑现能力的科技龙头、受益于价格水平回暖预期的周期板块。 中信证券研究则指出，2026年全年上市公司的净利润有望持续改善，预计全年增速将达到4.8%。伴随 2026年CPI、PPI回暖，价格因素对上市公司利润的压制或将逐季缓解。随着扩内需政策逐步加码并落地 生效，内需相关品种的ROE有望企稳回升。 2026年首个交易日，A股迎"开门红"。2026年1月5日，上证指数上涨1.38%，重返4000点。有统计数据 显示，自2025年12月17日至2026年1月5日，上证指数实现日线12连阳，创1992年3月以来最长连阳纪 录。 中金公司认为，当前全球宏观环境及创新产业趋势等仍然相对利好成长风格，但成长领域经历一年多上 涨后，估值 ...

技术面来看，澳元兑美元短期强势格局稳固。日线级别上，汇价处于明确上升通道内，持续运行于9日 指数移动平均线上方，且均线上行态势明显。指标层面，14日相对强弱指数报64.22，动能较强，未进 入超买区间；MACD指标维持金叉状态，红柱动能充足，暗示多头趋势延续。关键点位方面，上方核心 阻力聚焦14个月高点0.6727，若能有效突破，后续有望向上升通道上边界0.6840附近推进；下方支撑则 关注9日指数移动均线0.6681及上升通道边界0.6670。 展望后市，澳元兑美元仍有望延续偏强态势，但短期需警惕关键阻力位压制。中长期支撑澳元走强的核 心因素未改，包括美澳利差预期、大宗商品价格支撑及美元结构性弱势；但若美国经济表现超预期、美 联储降息节奏慢于预期，或中国经济放缓削弱大宗商品需求，可能引发澳元阶段性回调。短期核心关注 点集中在1月28日澳洲第四季度CPI数据(直接影响2月加息概率)、美联储12月会议纪要及官员表态。若 突破0.6727阻力，汇价将打开更大上行空间；若跌破0.6670支撑，则可能开启向0.6414附近的调整空 间。 商品货币属性与大宗商品价格进一步强化澳元走势。作为典型商品货币，澳元直接受益于黄 ...

Market Overview - The US stock market rebounded strongly at the beginning of 2026, with the Dow Jones Industrial Average rising by 594.79 points, or 1.23%, closing at 48,977.18 points, and briefly touching the 49,000 points mark during the day [2] - The S&P 500 index increased by 0.64% to 6,902.05 points, while the Nasdaq Composite rose by 0.69% to 23,395.82 points [2] - The market's overall rise masked a complex internal divergence, with the energy and financial sectors leading gains while core technology stocks showed signs of fatigue and divergence [2] Sector Performance - The energy sector surged by 2.67%, driven by geopolitical events, particularly US military actions in Venezuela, which raised expectations for US oil companies' involvement in rebuilding Venezuela's oil industry [3] - Major energy stocks like Chevron and ExxonMobil saw significant gains, with Chevron up 5.1% and ExxonMobil up 2.21% [3] - The financial sector also performed well, rising by 2.15%, with Goldman Sachs' stock increasing over 3% to reach a historical high [3] Technology Sector Concerns - In contrast to the strong performance of energy and financial sectors, large-cap technology stocks showed weak and divergent performance, with Apple down over 1% and Nvidia down 0.39% [4] - Despite some gains from Tesla and Amazon, the overall impression was one of weakening momentum in the tech sector, attributed to rising concerns over valuations and capital expenditure returns related to artificial intelligence [4] - The "Magnificent Seven" tech stocks had a 37% profit increase in 2025, significantly higher than the S&P 500's average of 7%, but this has led to concerns about high valuations and potential overcapacity in AI-related capital expenditures [4] Market Outlook - Wall Street's overall outlook for 2026 remains bullish but with reduced optimism compared to previous years, reflecting concerns over valuation, profit sustainability, and macroeconomic changes [5] - Major investment banks project the S&P 500 index to end the year between 7,000 and 8,100 points, with an average expectation of around 7,500 points, indicating a potential upside of about 9% from current levels [6] - Analysts expect S&P 500 component companies to achieve over 15% profit growth in 2026, providing a solid foundation for market support [6] Historical Context and Risks - Historical data shows that after three consecutive years of over 10% gains, the average return in the following year drops significantly to 4.57% [7] - The upcoming midterm elections in the US, historically unfavorable for the stock market, add another layer of uncertainty, with average gains during such years being only 3.8% [7] - Concerns about valuation bubbles persist, with the Shiller P/E ratio for the S&P 500 reaching its second-highest level in history [7] Future Considerations - The Federal Reserve's monetary policy remains a significant uncertainty for 2026, especially with the potential transition in leadership [8] - The anticipated IPOs of several "unicorn" companies could impact market liquidity if they proceed [8] - The market is expected to transition from a phase driven by a few tech giants to one that relies more on actual profit growth and sector rotation, with a focus on the quality of earnings and broader industry beneficiaries of AI [9]

通讯员 石冠婷 齐鲁晚报·齐鲁壹点 李楠楠 为进一步加强住房公积金贷后管理，有效防范住房公积金贷款资金风险，近日，烟台财金集团旗下两家 权属企业，融资担保集团有限公司与财金资产管理有限公司组成联合体，成功中标"烟台市住房公积金 贷款贷后综合服务项目"。 该项目聚焦住房公积金贷款管理的关键环节和贷后逾期清收工作痛点，通过提供协助催收，不良贷款处 置和综合配套支持等一系列服务，将逾期贷款精细化管理、系统性风险的前置防控、不良债权的专业化 处置与国有资产的保值增值目标深度绑定，有效化解住房公积金贷款逾期风险，助力烟台市住房公积金 管理中心提升贷后管理效能，保障公积金资金池的安全稳定运行和广大缴存职工的合法权益。 此次中 标，标志着烟台财金集团在公共服务领域，以市场化、专业化机制强化风险管理取得了新的突破性进 展。 业务创新破题、风险防控筑基、精准管理护航，此次融资担保集团与财金资产管理公司立足"金融为 民"初心，筑牢安全与民生保障金融防线，创新业务模式，携手市住房公积金管理中心构建起"惠民生、 提效能、保安全、强规范"的工作闭环，为住房公积金的安全稳定运行保驾护航，也为区域市场平稳健 康发展注入持续动力。 ...

| 首尔综合指数 | | | | | | --- | --- | --- | --- | --- | | 指 HQ.KOSPI | | | | | | 4407.11 -50.41 -1.13% | | | | | | 01-06 08:25:50 | | | | | | 今开 4446.08 | | 最高 4450.90 | | | | 昨收 4457.52 | | 最低 4395.00 | | | | 分时 園K 目K | 日K | 室K | 更多, ◎ | | | 均价:4424.11 最新:4407.11 -50.41 -1.13% | | | | | | 4520.04 | | | | 1.40% | | 4457.52 | | | | 0.00% | | 4395.00 | | | | -1.40% | | 08:00 11:15 | | | | 14:30 | 【导读】 日韩股市涨跌互现，现代汽车股价直线拉升 中国基金报记者 李智 一起来看下日韩股市的最新情况。 现代汽车 股价直线拉升 1月6日，日韩股市开盘涨跌不一， 韩国KOSPI指数 早盘短线下挫， 跌幅扩大至1%。 | 日经 225 | ...

Evercore ISI政策分析师Matthew Aks在报告中写道："这无疑是一项重大的地缘政治事件，但短期内不太可能成为推动市场大幅波动的核 心因素。我们的直觉判断是，特朗普并不热衷于他长期以来所批评的、类似伊拉克和阿富汗战争那样的大规模地面部队介入式政权更迭。" 标普500能源板块指数上涨2.7%，其中权重股埃克森美孚和雪佛龙均大幅上扬。在美国采取军事行动的背景下，军工股同样走高。洛克希 德·马丁和通用动力股价上涨约3%，推动标普500航空航天与国防指数升至历史新高。 美国银行财富管理公司高级投资策略师Rob Haworth表示："能源股正从市场预期中显著受益。投资者认为，特朗普有意推动美国能源企业 进入委内瑞拉，加大投资力度，并最终提升企业盈利能力。" 他补充称："由于不存在永久性地面部队部署，也没有长期军事介入的迹象，更广泛的股票市场得以暂时忽略对长期军事冲突的担忧。" Interactive Brokers首席市场分析师Steve Sosnick表示："近期市场情绪明显偏向金融板块。在投资者逐步将注意力从科技股转移之际， 金融股正成为重要的配置方向。" 经济数据显示，美国12月制造业活动萎缩程度超 ...

Group 1 - The core viewpoint of the articles highlights the significant progress made by Shaanxi in addressing climate change through policy development, carbon market construction, and carbon footprint management since the beginning of the 14th Five-Year Plan [1][2] Group 2 - Shaanxi has established a preliminary carbon footprint management system focusing on key industries such as energy chemicals, new energy vehicles, and specialty agriculture, conducting carbon footprint accounting studies for products like coal-based olefins and apples [1] - The province has been recognized with several accolades, including the selection of Xixian New Area, Shangluo City, and Tongchuan City as national climate-adaptive cities, and Xi'an as a national pilot city for pollution reduction and carbon reduction collaboration [1] - Financial support for green development has been emphasized, with Xixian New Area providing 12.7 billion yuan in financing to enterprises and facilitating carbon emission rights collateral loans to enhance corporate engagement in energy-saving and carbon reduction [2] - The province is advancing the control of non-CO2 greenhouse gas emissions, particularly methane, and is supporting demonstration projects for methane utilization in coal mines [2] - Future initiatives for the 15th Five-Year Plan will focus on high-quality participation in the national carbon market, promoting pollution reduction and carbon reduction efforts, and enhancing product carbon footprint management [2]

Group 1: Local Government Bonds - Shandong Province issued 723.81 billion yuan in local government bonds, marking the first issuance in the country for the year [2] - The issuance included 467.72 billion yuan in new special bonds and 256.09 billion yuan in refinancing special bonds, focusing on investment in new projects [2] - The Ministry of Finance established a dedicated Debt Management Department to enhance government debt management, which was previously fragmented [2][3] Group 2: Pharmaceutical Industry - In 2025, China approved 76 innovative drugs, significantly surpassing the 48 approved in 2024, with domestic drugs accounting for 85.5% of the total [4] - The total value of authorized transactions for innovative drugs exceeded 130 billion USD, with over 150 transactions, setting a new record [4] - The Chinese pharmaceutical industry has seen substantial growth, particularly in innovative drugs, supported by reforms in drug approval processes and enhanced intellectual property protections [5] Group 3: Automotive Industry - Six major listed car manufacturers reported their 2025 sales, with BYD leading at 4.6024 million units, a 7.73% increase, followed by SAIC and Geely [6] - The growth in sales was driven primarily by the expansion of electric vehicles, with BYD's electric vehicle sales surpassing Tesla for the first time [6][7] - The competitive landscape in the automotive market is intensifying, with companies focusing on optimizing product structures and expanding overseas [7] Group 4: Oil Market - OPEC+ decided to maintain stable oil production levels, postponing planned increases due to ongoing geopolitical tensions [8] - Despite Venezuela's significant oil reserves, production remains low due to insufficient investment, limiting its impact on global supply [8][9] - The global oil market faces challenges in stabilizing prices amid concerns of overproduction and geopolitical factors [9] Group 5: Stock Market Performance - In 2025, 385 Hong Kong stocks saw over 100% growth, with 14 stocks increasing more than tenfold, indicating a strong market performance [14] - The increase in "red stocks" reflects a growing willingness to assign long-term value to internet giants and a high enthusiasm for growth sectors [15] - The A-share market opened positively in 2026, with significant gains across various sectors, particularly in insurance and AI applications [16][17] Group 6: Consumer Products - Prices for certain LABUBU products in the second-hand market have dropped significantly, indicating a shift in supply and demand dynamics [10][11] - The price decline is attributed to increased production by the company, which aims to balance consumer demand with product scarcity [11] Group 7: Technology and AI - Samsung plans to double the number of mobile devices equipped with Google's Gemini AI system, aiming to regain market share in the smartphone sector [12][13] - The integration of AI into various products, including home appliances, highlights a trend towards combining hardware and software solutions [13]

早盘提示 Morning session notice 更多精彩内容请关注格林大华期货官方微信 研究员： 于军礼 从业资格： F0247894 交易咨询资格：Z0000112 联系方式：yujunli@greendh.com | 板块 | 品种 | 多（空） | | | --- | --- | --- | --- | | | | | 【重要资讯】 | | | | | 1、多家外资机构纷纷发布报告，对 2026 年中国资产表现持积极观点。在企业盈利 | | | | | 持续改善、科技创新突破不断涌现，以及估值吸引力日益凸显的推动下，中国资产 | | | | | 具备了持续上升的坚实基础。 | | | | | 2、马斯克表示，其脑机接口公司 Neuralink 将于 2026 年开始对脑机接口设备进行 | | | | | "大规模生产"。并同步推进流程高度精简、几乎完全自动化的手术方案，最关键 | | | | | 的突破在于，设备中的电极丝将直接穿过硬脑膜，而无需将其切除。 | | | | | 3、AI 算力需求激增与存储芯片价格反弹，推动三星电子与 SK 海力士股价飙升，带 | | | | | 动日韩股市齐创新 ...