国际黄金和白银价格近期刷新历史高点后出现剧烈波动。与1月29日创下的历史最高点相比，2日白银价 格盘中低点的累计跌幅已达40%，金价累计跌幅约20%。 分析人士认为，美国总统特朗普1月30日宣布提名美国联邦储备委员会前理事凯文·沃什为下任美联储主 席，市场对美联储未来货币政策"鹰派"预期浓厚，刺激贵金属价格大幅回调。与此同时，芝加哥商业交 易所集团日前宣布上调金属期货保证金，也令市场承压。保证金要求上调通常对相关合约不利，因为更 高的资本支出会抑制投机参与、降低流动性，并迫使交易者平仓。 柯尔凯思交易公司首席市场分析师蒂姆·沃特勒表示，贵金属市场的剧烈波动令交易员感到不安。由于 保证金上涨，贵金属被迫平仓，波及其他资产，金银暴跌实际上产生了多米诺骨牌效应，扩散至整个市 场。 原油市场方面，纽约商品交易所轻质原油期货价格2日一度跌至每桶61.43美元，伦敦布伦特原油期货价 格下探至每桶65.45美元，与前一交易日收盘价相比跌幅均超5%。 新华社北京2月2日电 综述｜多重因素共振 全球市场遭遇"黑色星期一" 新华社记者杜静 受美联储货币政策预期转"鹰"、技术性调整压力、贵金属市场震荡外溢效应和市场担忧科技股估值过 ...

近年来，金融领域"黑灰产"日益猖獗，已形成"获客—引流—实施—分利"的完整产业链，成为威胁 金融安全和社会稳定的重要隐患。2025年3月，公安部经济犯罪侦查局与国家金融监督管理总局稽查局 联合开展为期6个月的金融领域"黑灰产"违法犯罪集群打击行动，取得积极成效：去年6月至11月，多省 市共立案查处相关犯罪案件1500余起，打掉职业化犯罪团伙200余个。今年1月23日，两部门联合发布了 第二批典型案例，引发社会广泛关注。 所谓金融领域"黑灰产"，是指在金融领域通过违法或表面合法的方式谋取不当利益的新兴业态，主 要包括不正当反催收、不法贷款中介、恶意逃废债、非法办理退保理赔、虚假征信修复、非法荐股等行 为。 金融"黑灰产"带来的社会危害相当严重，破坏力覆盖全社会。那么，公众应从哪些方面着手，提高 防范金融"黑灰产"的能力？ 首先，要头脑清醒，不存贪念，不被高利诱惑。在金融创新和网络科技日益发达的今天，办理金融 业务应选择国家正规金融机构：无论是贷款偿还、征信修复、信用卡提额等，都要通过合法途径，到银 行、证券公司等持牌机构办理，切勿轻信网络"黑中介"和歪门邪道。面对黑中介提供的"优惠"诱惑，要 保持理性，认清其本 ...

Core Viewpoint - Gold prices experienced significant volatility, with a historic drop following a period of irrational exuberance, raising questions about its status as a safe-haven asset [1][2][3] Group 1: Market Dynamics - Gold surged to historical highs at the beginning of the year but faced a drastic decline, with a drop of approximately 10% on February 2, nearing the $4400 mark [1] - The implied volatility of SPDR Gold Shares reached an all-time high relative to the S&P 500 index, indicating increased market uncertainty [1] - Analysts suggest that the recent sell-off may not be entirely negative, as it could represent a necessary correction after excessive speculation [1] Group 2: Influencing Factors - The nomination of Kevin Warsh as the new Federal Reserve Chair, perceived as more hawkish, contributed to a rebound in the dollar and subsequent sell-off in gold [2] - Geopolitical tensions and trade wars initially drove investors towards gold, but the rapid price increase led to significant profit-taking [1][2] - The current bull market in gold is primarily driven by massive capital inflows, estimated at around $1 trillion, rather than central bank purchases [2] Group 3: Future Outlook - Despite recent volatility, some analysts maintain a bullish outlook on gold, viewing it as a hedge against currency devaluation [3][4] - Geopolitical risks remain elevated, which could continue to support gold prices in the short term [3] - Morgan Stanley predicts that gold could reach $6300 per ounce by the end of 2026, driven by sustained demand from central banks and investors [4]

智通财经APP获悉，香港联交所最新数据显示，1月27日，摩根大通减持敏实集团(00425)404.8811万 股，每股作价37.8563港元，总金额约为1.53亿港元。减持后最新持股数目约为6856.98万股，最新持股 比例为5.80%。 ...

Group 1 - Citigroup raised the target price for KLA Corporation from $1450 to $1800 [1]

（记者 曾健辉） 每经头条（nbdtoutiao）——曾卖劳斯莱斯、保时捷等豪车，汽车销售巨头宝利德如今破产清算：杭州 总部已人去楼空，义乌子公司贴上了封条 每经AI快讯，爱建集团2月2日晚间发布公告称，截至本公告披露日，公司及控股子公司2025年经审议 生效的对外担保额度为人民币98亿元，占公司最近一期经审计净资产的83.23%。截至本公告披露日， 相关担保余额约为17.19亿元，占公司最近一期经审计净资产的14.6%。 ...

作者 分析师 瞿瑞 关注东方金诚公众号 获取更多研究报告 债市偏强震荡，收益率曲线延续平坦化 ——利率债周报（2026.1.26-2026.2.1） 核心观点 ·· 一、上周债市回顾 1. 二级市场 上周债市偏强震荡，长债收益率继续下行。全周看，10 年期国债期货 主力合约累计上涨 0.10%；上周五 10 年期国债收益率较前一周五下行 1.86bp，1 年期国债收益率较前一周五上行 1.80bp，期限利差继续收窄。 1 www.dfratings.com ·· 1 月 26 日：周一，受资金面未见明显缓和，叠加商品市场表现强劲 影响，债市整体震荡盘整。当日银行间主要利率债收益率多数上行， 但 10 年期国债收益率下行 0.56bp；国债期货各期限主力合约收盘多 数下跌，10 年期主力合约跌 0.02%。 1 月 27 日：周二，股市午后翻红，股债跷跷板效应显现，债市震荡 调整。当日银行间主要利率债收益率普遍上行，10 年期国债收益率 上行 0.69bp；国债期货各期限主力合约收盘多数持平，其中，10 年 期主力合约持平。 1 月 28 日：周三，受央行可能推出新型隔夜工具投放流动性的传闻 提振，债市震荡回暖 ...

来源：金融时报 早餐摊前，王阿姨掏出叠得整齐的零钱想买油条和豆浆，却被店主摆手说"只能扫码"；社区缴费窗口， 李先生攥着刚取出的现金想交物业费，却被告知"现金不受理"——生活里这些让人无奈的现金支付尴 尬，今后将有明确制度"撑腰"！ 2月1日起，中国人民银行会同国家发展改革委、金融监管总局联合制定的《人民币现金收付及服务规 定》（以下简称《规定》）正式施行。《规定》直面近年来频发的拒收现金乱象，为流通领域现金使用 划定清晰标准，以制度刚性守护法定货币权威。 无需讳言，移动支付的快速普及给人们的生活带来极大便利，扫码付款、无感支付渗透到餐饮、零售、 出行等每一个日常场景。但与此同时，"只收扫码、不收现金"的场景也频频上演，甚至有商户以"零钱 难找""系统不支持"为由，变相推诿接受现金。这些看似微小的举动，不仅违背了相关规定，更直接侵 犯了消费者的支付选择权，尤其"刺痛"了对现金高度依赖的群体。据此前央行抽样调查结果，超75%的 老年人经常使用现金，这一比例在县域老年人范围内更是高达80.4%，此外，农村居民、进城务工人 员、小微商户等群体，也因习惯偏好等原因，离不开现金这一基础支付工具。拒收现金，本质上是数字 ...

Group 1: A-share IPO Market Overview - In January 2026, 17 companies were reviewed for IPOs in the A-share market, with 15 approved and 2 (Huikang Technology and Xinxing Technology) postponed, resulting in an approval rate of 88.24% [3][4] - The number of companies approved for IPOs in January 2026 significantly decreased from 28 in December 2025 [2][6] - Among the 17 companies, 11 are set to list on the Beijing Stock Exchange, continuing a trend of over 10 monthly IPO reviews since November 2025 [1][2] Group 2: Company-Specific Insights - Huikang Technology, primarily engaged in the research, production, and sales of refrigeration equipment, faced questions regarding the sustainability of its business performance due to a decline in revenue and net profit in 2025 [5][6] - The revenue and net profit of Huikang Technology for 2022, 2023, and 2024 were reported as 1.93 billion, 2.49 billion, and 3.24 billion yuan, with net profits of 197 million, 338 million, and 451 million yuan respectively [6] - In the first three quarters of 2025, Huikang Technology's revenue and net profit are expected to decline by 13.40% and 8.40% year-on-year [6] Group 3: Terminated IPOs - Four companies terminated their IPOs in January 2026, including Yadian Technology, which had over 50% of its sales revenue from Longi Green Energy in the first half of 2025 [2][7] - Yadian Technology's revenue figures from 2022 to the first half of 2025 showed a significant dependency on a few major clients, with a high customer concentration [9][10] Group 4: Hong Kong IPO Market Activity - The Hong Kong IPO market remained active in January 2026, with over 100 companies submitting applications, and all new stocks listed in January saw price increases on their debut [2][14] - Notably, the domestic large model enterprise MINIMAX-WP surged by 109.9% on its first trading day, achieving a market capitalization exceeding 100 billion HKD [14] - A total of 121 companies applied for IPOs in Hong Kong in January 2026, a significant increase from 80 in December 2025 [14]

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - Taiwan and Singapore are both entering a super-aged society, with Singapore expected to surpass 20% of its population aged 65 and older by 2024, while Taiwan will reach this threshold in 2026. However, their preparedness for aging populations shows significant differences [2][6] - The report emphasizes the need for Taiwan to establish a comprehensive "aging readiness assessment" to identify strengths and gaps in its approach to an aging society, integrating various indicators such as population, health, labor, finance, housing, and social participation [3][5] - The concept of an "ageless society" is introduced, advocating for a redefinition of aging that allows individuals to maintain dignity and choice throughout their lives, rather than being limited by age [4][6] Summary by Sections Chapter 1: International Indicators and Taiwan - The report highlights that Taiwan is often excluded from international comparisons due to data limitations, necessitating the creation of a tailored aging readiness assessment to better reflect its situation [5][19] Chapter 2: Comparative Analysis of Taiwan and Singapore - Taiwan and Singapore's trajectories in aging readiness differ significantly, with Taiwan needing to enhance its living environment and overall happiness to improve its competitiveness in a longevity society [6][21] Chapter 3: Disparities in Life Expectancy and Health Span - Taiwan shows a good performance in health span but faces challenges with higher rates of disability, depression, and loneliness among older women, indicating a need for targeted interventions [7][36] Chapter 4: Financial Preparedness Challenges - Despite Taiwan's economic growth, financial security among the middle-aged population remains weak, with insufficient retirement protections and increasing poverty risks among the elderly [8][46] Chapter 5: Voices from Taiwan - Survey results indicate a gap in health, financial, and retirement preparedness, with a notable difference in financial confidence and expectations for retirement among genders [10][47] Chapter 6: Insights from Singapore - Singapore's innovative policies, such as micro-employment and active aging centers, serve as a model for Taiwan, demonstrating how to maintain social connections and reduce isolation among the elderly [11][21] Chapter 7: Recommendations for Transitioning to an Ageless Society - Experts recommend integrating community resources, promoting active aging, and strengthening retirement security and career planning to prepare for the challenges of an aging population [12][30]