日前，深圳"杰我睿珠宝"黄金兑付危机引发市场关注。据悉，该平台提现已经受限，全国投资者未结清 余额超百亿元。 湾财社记者注意到，在杰我睿平台出现兑付危机后，"云点当""融通金"等同类平台的小程序被相继暂 停，不过"融通金"已启动备用方式维持正常运营。 在这场黄金兑付风波中，危机核心是"预定价"模式，其本质为无实物支撑的高杠杆黄金对赌。此前已有 同类平台出现兑付困难，这类平台多无金融资质、缺乏监管，价格波动下易失控。 杰我睿平台出现兑付危机 1月28日，深圳市"罗湖发布"的一则公告揭开了一场"黄金兑付危机"。据罗湖区工作专班的《情况通 报》显示，深圳市杰我睿珠宝有限公司（以下简称"杰我睿"）经营异常，引发关注。 罗湖区工作专班强调，杰我睿负责人及相关核心管理人员均在岗，积极开展与投资人沟通、资产梳理和 兑付等工作。 事实上，早在官方通报之前，杰我睿的兑付危机就已有迹象。2025年12月，多位消费者反映在 "杰我睿 珠宝"等平台购买的黄金、白银制品出现发货延迟；2026年1月下旬，杰我睿线上平台无法兑现的事件集 中发生，这场兑付危机由此暴发。 兑付危机发生了，杰我睿平台的提现额度同时被限制为每日500元或1克黄金 ...

Core Viewpoint - The crisis surrounding Shenzhen-based Jie Wo Rui Jewelry Co., Ltd. has led to a significant financial impact, with reported victim losses reaching 18.7 billion yuan, highlighting the risks associated with unregulated gold trading platforms [1][15]. Company Overview - Jie Wo Rui is known for its gold recovery and low-fee gold sales, operating multiple mini-programs for online transactions, including gold buying and selling [4][7]. - The company has been popular among individual consumers looking to liquidate physical gold for cash, often attracted by promotional offers such as fee waivers [4][8]. Crisis Development - As of January 29, 2023, the company faced a liquidity crisis, with investors unable to withdraw their funds, leading to a tense atmosphere at its physical location [1][5]. - The company had previously engaged in aggressive marketing, promoting fee waivers for gold purchases just before the crisis emerged [8][9]. Financial Operations - Funds deposited by users were reportedly funneled into private accounts rather than the company's official accounts, raising concerns about financial transparency and accountability [8][15]. - The platform's operations included a mechanism for users to convert gold into cash, but the lack of third-party oversight has been identified as a critical vulnerability [15]. Legal and Regulatory Issues - Following the crisis, Jie Wo Rui proposed repayment plans that required customers to sign agreements waiving their rights to pursue legal action, raising ethical and legal concerns [9][11]. - The company's structure changed from a sole proprietorship to a limited liability company shortly before the crisis, leading to speculation about premeditated actions to limit liability [14]. Industry Implications - The Jie Wo Rui incident underscores broader issues within the gold trading sector, particularly regarding the regulation of non-licensed entities operating in financial markets [15][16]. - The case raises significant questions about trust, compliance, and accountability in the financial services industry, emphasizing the need for stricter regulatory oversight [16].

黄金还会继续涨吗？从屡创新高，到线下抢购，金子再次闪闪发光。 而一则新闻似乎把这个事情推向了最高潮，泰国禁止做空黄金了，就是泰国现在所有人，不许买黄金 跌，只能买黄金涨 所以泰国政府这是觉得金价还要冲高，准备带头梭哈了吗？ 很反直觉的一点是，泰国在用限制做空来给本国的黄金交易降温，从而稳定泰铢的汇率。 很多人说你这不胡扯吗？只许买涨，不许买跌，这还能限制，这纯捡钱操作啊 哎？这就得说到泰国这个经济体的特殊性了 泰国是全球极少数黄金交易额能占到 GDP 50% 的国家。对，你没看错，在这里，炒金不是小打小闹， 而是全民运动。而且黄金的线上交易主要用泰铢结算。当你在这个市场想要大规模做空时，你必须往账 户里存入巨额的泰铢作为保证金。 这就形成了一个极其诡异的逻辑链条：国际金价持续走高，引发了对剧烈波动的预期，投机客就疯狂进 场开杠杆做空。为了维持这些空头头寸，海量的泰铢被锁死在保证金账户里。进而导致，市面上流通的 泰铢越来越少，泰铢汇率就这样被硬生生地推了上去。 推到什么程度了呢？30.92。这是截止到2026年1月28日美元兑泰铢的实时汇率。2025年泰铢已经逆势升 值了超过 9%，进入 2026 年更是完全停 ...

Core Viewpoint - Tether Holdings SA has become a significant player in the gold market, holding approximately 140 tons of gold valued at around $24 billion, making it the largest gold holder outside of governments and central banks [4][10]. Group 1: Gold Acquisition Strategy - Tether is purchasing physical gold at a rate of up to two tons per week, which translates to over $1 billion in gold purchases each month [5][10]. - The gold is stored in a highly secure former nuclear bunker in Switzerland, which is one of the most active facilities for gold storage [7][10]. - The company is exploring ways to improve the efficiency of its gold purchasing process due to the large quantities involved [8]. Group 2: Market Impact and Position - Tether's gold purchases have reportedly contributed to a 65% increase in gold prices over the past year, with the current price exceeding $5,300 per ounce [11][21]. - The company has surpassed countries like Greece, Qatar, and Australia in gold acquisition speed, indicating its growing influence in the market [12]. - Tether's CEO compares the company's role in the gold market to that of a central bank, predicting that geopolitical rivals will introduce gold-backed alternatives to the dollar [15][16]. Group 3: Product Development and Future Plans - Tether is developing a gold-backed token, Tether Gold (XAUT), which has already issued tokens equivalent to approximately 16 tons of gold, valued at $2.7 billion [26]. - The market circulation of XAUT is projected to reach between $5 billion to $10 billion by the end of the year, potentially requiring additional gold purchases [26][29]. - The company aims to establish itself as a competitive player in gold trading, seeking to leverage market inefficiencies for profit [24][25].

Core Insights - The 19th Asian Financial Forum in Hong Kong attracted over 4,000 global financial and business leaders from more than 60 countries, focusing on collaboration and new opportunities amid changing circumstances [2] - Hong Kong's unique advantages under "One Country, Two Systems" position it as a preferred location for global businesses, with plans to enhance its role as an international financial center by developing stock and bond markets, wealth management, and commodity trading [2][3] Group 1: Financial Market Development - Hong Kong aims to strengthen its financial center status by enhancing its stock, bond, and wealth management sectors, while also establishing an international gold trading market and a commodity trading ecosystem [3] - The city ranks third globally and first in Asia in the Global Financial Centers Index, and has improved its position in the World Competitiveness Yearbook, reflecting its recognized advantages [3] Group 2: Innovation and Technology - Emerging technologies such as AI, robotics, biotechnology, and renewable energy are seen as key drivers for future economic growth, with Hong Kong positioned to facilitate public-private dialogue and cross-sector collaboration [4] - The government is focusing on developing AI, data science, and biotechnology, supported by the establishment of the Hong Kong Investment Management Company to provide patient capital for businesses [6] Group 3: International Cooperation - A cooperation agreement was signed between the Hong Kong government and the Shanghai Gold Exchange to deepen collaboration in the gold market, including the establishment of a central clearing system [7] - The People's Bank of China supports the development of Hong Kong's offshore RMB market and aims to enhance financial market connectivity, contributing to Hong Kong's goal of becoming an international gold trading center [7]

素有中国黄金（600916）集散地名号的深圳水贝近日又火了，不是因为当下金价屡创新高，而是一家叫 杰我睿的黄金预定价平台暴雷了，40倍杠杆断裂，资金链绷不住了，全国各地的投资者，被卡在提现页 面前大眼瞪小眼。 2025年9月，水贝一家叫粤宝鑫的店铺一夜关门，卷走了散户400万元黄金原料，而前不久，一家叫做杰 我睿的商铺也突然限制提现。当地有关部门发出了金银异常通报，据说涉案金额已经超过百亿。 据统计，投资者自行统计的未兑付资金超133.92亿元，覆盖广东、福建、山西等11个省份；初步实名登 记的未结算金额达2.46亿元（投资者反馈该数据偏小，因部分区域未统计、后期无法填写表格）。 单人损失普遍在数万元至数百万元，部分大额投资者账户余额超千万元（如某投资者账户有600万余额 +7800克金料，按每日500元提现需82年才能兑完）；损失类型包括充值本金、寄存实物黄金/白银、交 易利润等，且多数投资者无法提取此前购买的实物金条。 截止到现在，这场黄金对赌的全貌并未揭晓，而它所造成的影响也仍然未知。 深圳水贝黄金市场，它原来是中国最大的黄金珠宝集散地，但是这几年场内很多黄金原料交易商，都在 各自的线上平台里推出了一种 ...

点击图片▲立即购买 三部门要求新建住宅配建养老设施 1月28日消息，自然资源部、民政部、国家卫生健康委等三部门近日联合印发《关于深化自然资源要素保障 支持养老服务改革发展的若干措 施》，着力减轻市场主体负担，释放服务供给潜力。三部门表示，新建城区、居住（小）区、新建住宅项目要按照规划标准要求同步配套养老服 务设施。 此外，三部门还明确，将推动创新资源组合供应模式，精准匹配温泉康养、森林康养等新业态需求。同时将养老服务设施用地纳入自然资源管理 和国土空间规划"一张图"，实施动态监管，明确未经法定程序不得擅自改变用地用途。（央视新闻） ｜点评｜ 中国社会老龄化程度不断加深，养老服务资源配置短缺与失衡日益凸显。养老服务设施具备一定公共服务性质，投资回报周期较长， 市场在短期内对相关设施的投资力度偏弱。三部门发文做出要求，起到引导与统筹作用。降低养老服务用地成本，推动新建住宅配建养老服务 设施，能激活银发经济需求，培育社区养老消费场景，也能倒逼房地产模式优化，提升住宅品质。目前，已有不少地方落实相关举措。 需要注意的是，部分养老服务设施建成后，由于权责划分不清，陷入运营困境甚至长期闲置。要形成可持续的养老服务生态，还 ...

1月28日，泰国央行行长维塔伊.拉塔纳科恩(Vitai Ratanakorn)公开宣布，将线上黄金交易每日上限设定为5000万泰 铢，同时全面禁止黄金交易做空操作。这是继1月21日首次公布宽泛交易限额后，泰国央行10日内第二次限制黄金 交易。 泰国央行此次政策升级针对性极强。维塔伊.拉塔纳科恩在声明中直言，黄金交易是近期泰铢走强的核心推手，新 规则的核心目标是缓解本币升值压力，让汇率回归至与经济基本面匹配的合理区间。 数据显示，泰铢兑美元汇率已升至2021年3月以来的新高，2025年全年累计升值9%，2026年以来再度升值约1%。 泰铢兑美元汇率持续走强严重削弱了泰国出口商品的价格竞争力，同时推高了境外游客的出行成本。根据泰国旅 游局数据，今年迄今为止访泰外国游客人数同比减少9%，汇率因素成为行业复苏的重要阻力。 事实上，1月27日，泰国财政部长就曾提到，为缓解私营部门对于泰铢升值幅度过高的担忧，泰国央行已发布一份 通知，要求平台报告黄金交易活动，并正在准备进一步的措施以收紧对黄金交易的监管。 作为全球第七大、东盟第一大黄金交易市场，泰国黄金日交易额超过5万亿泰铢，其中线上交易占比高达65%，且 普遍以泰铢报 ...

（央视财经《经济信息联播》）国际金价屡创新高，泰国皇家公报日前公布的新规显示，过去5年间年 均黄金交易额达到或超过100亿泰铢、约合22.4亿元人民币的黄金交易商，必须向泰国中央银行报告其 交易活动。 在泰国，黄金既是保值资产，也是跨境资金流动工具。大量资金通过线上平台买卖黄金，产生巨额泰铢 兑换需求。泰国线上黄金交易平台普遍以泰铢作为报价和结算单位。 转载请注明央视财经 路透社27日分析，此举是泰国央行为抑制泰铢持续走强所采取的措施之一。泰国央行认为，近期泰铢升 值主要是由黄金交易推动。泰国央行23日的一份声明，还要求符合这一标准的黄金交易商保留至少3年 的交易记录。 泰国央行行长此前表示，泰国将于本周对黄金交易实施限额，通过线上平台进行的每日交易量可能会被 限制在5000万或1亿泰铢。继2025年累计升值9%后，今年以来，泰铢对美元汇率已升值约1%。泰国一 些行业提出担忧，认为泰铢升值幅度已超出泰国经济基本面所能支撑的范围。 编辑：令文芳 ...

Core Insights - Tether has emerged as a significant player in the global gold market, utilizing a Cold War-era nuclear bunker in Switzerland as a high-security vault for its gold reserves, which now total approximately 140 tons, making it the largest known non-bank and non-state gold holder globally [1][2] - The company's strategy involves a deep integration of cryptocurrency and gold, driven by a mutual distrust of government bonds, contributing to a surge in gold prices, which recently surpassed $5,200 per ounce [1][2] - Tether's CEO, Paolo Ardoino, likens the company's role in the gold market to that of a central bank and anticipates that geopolitical shifts will lead to the emergence of gold-backed alternatives to the dollar [1][7] Gold Acquisition Strategy - In the past year, Tether purchased over 70 tons of gold, significantly outpacing most central banks, with only Poland's acquisition exceeding Tether's [2] - The company maintains a weekly acquisition rate of 1 to 2 tons of gold and plans to continue this strategy in the coming months [2][5] - Tether's gold holdings are valued at approximately $24 billion, with the majority being company-owned reserves, while a portion supports its gold-backed tokens [2][6] Market Impact - Tether's substantial gold purchases are believed to have contributed to a 65% increase in gold prices over the past year, positioning the company as a key new buyer in the market [3][4] - The World Gold Council acknowledges Tether's influence on gold prices but emphasizes that it is only one of many factors driving the current gold market dynamics [4] Competitive Positioning - Tether aims to establish itself as a leading player in the gold trading market, competing directly with major banks like JPMorgan and HSBC [5] - The company has recruited experienced gold traders from HSBC to enhance its market operations and is exploring active trading strategies to capitalize on price discrepancies [5][6] Broader Investment Strategy - Tether is not limited to physical gold; it is also acquiring shares in gold royalty companies, indicating a diversified approach to its gold investment strategy [6] - The company is developing a gold-backed stablecoin, Tether Gold (XAUT), which is expected to see significant market circulation, potentially reaching $5 to $10 billion by the end of the year [7][8] Future Outlook - Tether's gold strategy aligns with a broader trend of countries increasing their gold reserves as a hedge against dollar depreciation, suggesting a potential shift towards gold-backed currencies [7][8] - The company's proactive approach in the gold market positions it well to capture emerging opportunities as global economic uncertainties persist [7][8]