印度股市跌幅扩大，印度NIFTY50指数跌超2%，国防指数跌超8%，公有 银行指数跌6%，金融服务指 数、 汽车指数跌2.5%，油气指数下跌2.1%。 ...

如果你的房子，每个月收的租金还不够还房贷，物业费还得自己倒贴，那它正在悄悄吃掉你的现金。 但就在全国大部分城市还在经历这种"资产缩水"的 阵痛时，有一个地方的楼市，已经走出了完全相反的剧情。 那里的房子，租金收入能稳稳覆盖月供，房东每个月还能多出一笔零花钱。 这个"异类"， 就是香港。 从2025年6月开始，香港的私人住宅房价指数掉头向上，连续增长了五个月。 到了2025年10月，这个指数涨到了294.3点，创下近15个月的新高。 香港， 成了全国范围内，首个房价明确进入回升通道的城市。 这背后不是炒作，而是一系列政策、资金和真实人群的变化，共同写下的新剧本。 政策"撤辣"是点燃市场的第一把火。 2024年2月底，香港财政司宣布全面"撤辣"，也就是撤销了所有住宅物业的需求管理措施。 外地买家印花税、第二套住房从价印花税统统取消。 这意味 着一套1000万港元的房子，内地买家之前可能要交最高约300万港元的税，现在税款直接降到约42.5万港元。 政策的效果立竿见影。 在"撤辣"后的15个月内，全港录得超过6.3万宗私人住宅买卖登记，总金额高达1654亿港元。 市场监测到一个有趣的现象，在这 波成交里，用普通话拼 ...

Group 1 - The People's Bank of China, in collaboration with the National Development and Reform Commission and the Financial Regulatory Administration, will implement the "Regulations on Cash Payment and Services in Renminbi" starting February 1, 2026. This regulation mandates that businesses must support cash payments in face-to-face services and maintain reasonable change availability [1] - The regulation also requires that self-service devices and areas managed by a unified card system must clearly display payment methods and service contact information. Any conversion fees for cash payments are prohibited [1] Group 2 - The State Administration for Market Regulation and the National Internet Information Office will enforce the "Supervision and Management Measures for Online Trading Platforms" from February 1, 2026. This measure prohibits unreasonable restrictions on operators' business activities and the imposition of unreasonable fees or penalties [2] - The regulation aims to protect consumer rights and prevent practices such as "big data price discrimination" and unilateral changes to platform rules that harm member rights [2] Group 3 - The "Supervision and Management Measures for Live E-commerce" will also take effect on February 1, 2026. This regulation requires live e-commerce platforms to take timely action against violations reported by regulatory authorities, including warnings, limiting functions, and account closures [2] - The measures will include oversight of digital influencers and AI-generated content to prevent the misuse of new technologies for spreading false information, promoting the regulated application of AI in the live e-commerce sector [2]

Group 1 - New regulations aimed at consumer protection and market fairness will be implemented starting February, covering various sectors including elderly care, online consumption, investment safety, and public services [1] Group 2 - The national standard for elderly furniture design, effective from February 1, emphasizes risk consideration in materials and promotes smart designs that are easy for seniors to learn and understand [2] Group 3 - The national standard for student nap desks and chairs will also take effect on February 1, focusing on comfort, safety, and durability based on students' physical development characteristics [3] Group 4 - The "silent carriage" service on trains will expand to over 8,000 train sets nationwide, excluding sleeper trains, starting February 1, enhancing travel comfort [4] Group 5 - The "Financial Institutions Product Appropriateness Management Measures" will be implemented on February 1, requiring financial institutions to differentiate between professional and ordinary investors, with special protections for the latter [5] Group 6 - New rules for online trading platforms will take effect on February 1, prohibiting platforms from forcing merchants to offer unnecessary services and preventing practices like "big data price discrimination" against consumers [6]

申万宏源研报称，北京时间1月30日，特朗普提名沃什为下届美联储主席，金融市场大幅波动。但是， 就降息预期来说，沃什提名事件、1月美联储FOMC例会对其冲击并不大，市场仍预期2026年美联储降 息2次。 ...

今日周日，白银市场休市。本周白银迎来了两个神级反转，周一创下了14%的历史性波动，周四一度跌 超10美元，更是结束了连续六天收阳纪录，但是本周更是屡创新高，一度冲破了120美元关口，高盛集 团认为白银价格的双向剧烈波动可能持续存在。 【要闻速递】 美俄《新削减战略武器条约》将于下周到期。克里姆林宫警告，若无续约，两大核武大国之间将出现危 险的"监管真空"。 一切回落不破关键支撑那么还要拉高，破位则就是阶段高点出现了，接下来要破100美元大关。上方一 样，一旦继续新高，则多头剑指130美元。 2月2日(周一)将是11月21日重要底部后的第50个交易日。随着40-50美元区间的旧价格数据移出计算周 期，新高价位持续纳入，50日均线斜率将开始显着陡峭化。若价格不再垂直拉升，50日均线将逐步贴近 实际市价，帮助交易者更精准地辨识真实价值区间。 另外，诺贝尔经济学奖得主保罗.克鲁格曼(Paul Krugman)近日发出严厉警告：随着各国加速逃离特朗普 政府"反复无常且极具攻击性"的政策，美国在国际贸易体系中的地位正急剧下滑。 在周四发布的简报中，克鲁格曼特别提到了欧盟与印度近期达成的贸易协定。尽管欧盟委员会主席冯德 莱 ...

Asset Allocation Insights - Core conclusion favors equities over commodities and bonds, with a macro backdrop of "monetary + credit" easing, shifting focus from valuation recovery to profit realization[2] - The model indicates a preference for equities, suggesting a hierarchy of performance: stocks > commodities > bonds[6] Precious Metals - Gold's pricing logic is shifting from real interest rates to order security, supported by four strong pricing factors: inflation, interest rates, safe-haven demand, and central bank activity[2] - Silver shows signs of divergence with smart money exiting positions, raising concerns about potential volatility due to tightening margin policies at major exchanges[12] Currency Trends - The Chinese yuan has shown a modest increase of less than 0.6% in January, lagging behind a 2% decline in the US dollar index, indicating a potential for seasonal weakness in February[17] - The Japanese yen's pricing anchor has shifted from interest rate differentials to fiscal concerns, limiting its appreciation potential amid upcoming elections[23] A-Share Market Dynamics - The A-share market is transitioning from a "crazy bull" to a "slow bull," with extreme equity-to-bond value ratios providing core support[2] - Focus on sectors benefiting from supply-demand recovery, particularly in high-growth areas like rail transit and battery production[31] US Equity Market Outlook - The S&P 500's tech sector is facing valuation pressures, with an estimated 8% gap between market cap and profit contribution, indicating overvaluation risks[45] - The market anticipates over 38% profit growth for tech stocks, a high bar that may not be met, raising concerns about future performance[45] US Treasury Bonds - Short-term US Treasury yields are stabilizing, supported by resilient economic data, while long-term concerns persist due to a 6% budget deficit and lack of fiscal discipline[57] - Recommended strategy includes a core holding of 3-5 year investment-grade bonds while controlling long-end exposure to mitigate fiscal expansion risks[57]

Core Viewpoint - The gold market has shown signs of volatility and correction after a rapid increase in prices, with gold rising from $5000 to $5500 per ounce in just three days, followed by a sharp decline below $5000 [1] Group 1: Market Sentiment - Despite recent volatility, optimistic views remain strong, with UBS raising its gold price target to $6200 per ounce, while Deutsche Bank and Goldman Sachs forecast prices between $5400 and $6000 [1] - The bullish outlook is supported by ongoing geopolitical risks, strong demand from central banks and ETFs, and a supply-demand imbalance, with a projected net demand increase of approximately 965 tons from 2022 to 2026, while supply is expected to rise by only about 479 tons [1] Group 2: Cautionary Perspectives - Rational viewpoints warn that current gold prices may contain speculative bubbles, with a significant portion of the recent price surge attributed to leveraged speculation [2] - The core driver of the recent gold price increase, expectations of Federal Reserve interest rate cuts, is believed to be nearing its peak, with 2026 potentially being a critical turning point for market dynamics [2] Group 3: Technical Analysis - The gold market has experienced significant fluctuations, with a monthly increase of approximately $1300, followed by a rapid decline of nearly $800 in the last two trading days of the month [3] - A long upper shadow on the monthly candlestick indicates a technical need for correction, with key support levels identified at approximately $4550 and $4310, where a breakdown could lead to further declines of up to $1000 [3] - Current market sentiment shows significant divergence, suggesting a cautious approach is advisable, with key resistance levels at $5030, $5150, $5240, and $5370, and support levels at $4700, $4600, and $4310 [3]

近年来，云南以共建"一带一路"为引领，积极开展对外投资合作，截至2025年12月，全省累计备案非金 融类对外直接投资企业超过1000家，累计对外直接投资160余亿美元，投资涉及66个国家和地区，全省 对外承包工程和对外劳务合作签约合同1300多份，签约合同额超过230亿美元，完成营业额超过250亿美 元，累计派出各类劳务人员13万人次。对外投资合作企业作为连接国内国际双循环的重要纽带，在拓展 国际市场、提升产业链韧性、促进技术升级等方面发挥着不可替代的作用，但融资难、风险高、保障弱 等问题仍是制约企业"走出去"的关键瓶颈。 本报讯 记者缪亚平 实习记者李子薇报道 1月30日，由云南省商务厅与中国出口信用保险公司云南分公 司联合主办的云南对外投资合作融资保险专场对接活动在昆明举办。这是2026年云南省"走出去直通 车"助企出海首场活动，共吸引80余家企业、商协会及9家金融机构120余人参与。 本次活动聚焦云南省企业在对外投资合作过程中关注的融资规划、风险研判、保险保障、资金跨境等热 点问题，邀请中国出口信用保险公司云南分公司、中国进出口银行云南省分行、国家开发银行云南省分 行等金融机构开展推介。各机构结合自身业 ...

我国是世界上老年人口最多的国家，已经进入中度老龄化社会。"十五五"规划建议对"加快建设金融强 国"作出部署，强调大力发展科技金融、绿色金融、普惠金融、养老金融、数字金融。中国人民银行等 部门联合印发的《关于金融支持中国式养老事业 服务银发经济高质量发展的指导意见》提出，到2028 年，养老金融体系基本建立，养老金融产品和业态逐步丰富，养老金融意识普遍形成，养老金融供给水 平有效提升，人民福祉得到有效增进。本期特邀专家围绕相关问题进行研讨。 积极应对人口老龄化的重要举措 养老金融涵盖哪些领域？在推动银发经济发展中发挥了怎样的作用？ 一方面，提升养老经济保障水平。夯实三支柱养老保险体系，推进产品和服务创新。加强养老金融产品 设计和投资管理，推进个人商业养老金融业务试点，鼓励信托公司开展定制化信托业务。鼓励养老资管 产品配置股权、股票、债券等资产，支持养老金融产品投资与养老特征相匹配的长期优质资产，支持建 立养老金融产品多重风险缓释机制，鼓励各类养老金管理机构建立健全长周期考核机制。 另一方面，提升养老服务保障水平。完善金融支持银发经济服务体系和管理机制。鼓励金融机构建立养 老金融专营机构，支持制定专项养老信贷方案 ...