来源：险企观察 2020年爆发的人保寿险大同中心支公司非法集资案，历经四年司法拉锯，至今未能为392名投保人挽回 6369万元损失。涉案保单538份，资金链断裂后，近400名中老年投保人（多为养老储备或医疗备用金） 的"保命钱"陷入司法真空。此案绝非个案，而是金融机构系统性内控失效、司法机制衔接断裂的典型样 本，暴露出金融消费者权益保障的深层危机。 数据与事实：漏洞的精确量化 根据大同市法院一审判决书（2024年）及二审裁定（2025年），荀涛（人保寿险大同中心支公司原总经 理，2022年病逝）在2017-2020年期间，利用已停售的"惠民理财两全保险"等产品（2016-2017年监管明 确停售），以"团单个做"为幌子，通过公司年会等正式渠道要求下属机构重启销售。其操作链条清晰： 伪造《个人保险凭证》（加盖伪造"业务受理章"）、要求保费转入私人账户（非公司系统）、向销售员 支付1%-2.6%佣金（如工行员工庞建玲）。资金规模达6369万元，涉及392名投保人，人均损失约16.2万 元。银保监会2023年《保险业非法集资风险报告》显示，此类"内鬼"式案件中，基层机构违规占比达 67%，且主犯死亡后刑事退赔率平均 ...

Group 1 - The core viewpoint of the article is that AIA Group (01299) maintains an optimistic outlook for growth in the mainland China and Hong Kong markets by 2026, driven by strong sales momentum and positive profit margin projections [1] - AIA Group indicated that the Thai market's new business growth from Q4 2025 to the first half of 2026 will be impacted by a high base effect due to the implementation of co-payments in Q1 2025, which has brought forward demand [1] - Goldman Sachs has assigned a "Buy" rating to AIA Group with a target price of HKD 85 [1]

市场突然来了一阵跳水！ 今日（1月8日），香港股指显著走弱，恒生科技指数一度杀跌超2%，并带动A股午后出现一波下跌。从外围 市场来看，美股道指昨晚跳水近1%，亚太市场今日开盘也是全线回落，特别是日本股市，连续两天大幅杀 跌，日经指数尾盘继续跳水，跌幅扩大至超1.7%。分析认为，美股近期明显走不动，而美元压力也开始显 现。 截至今日 港股收盘，恒生科技指数跌1.05%，恒生指数跌1.17%。港股科技ETF（159751）跌0.94%，恒生港 股通ETF（159318）跌0.79%。板块方面，电气设备、酒店和度假村REIT板块涨幅靠前；保险、资本市场板 块跌幅靠前。 与此同时，高盛最新的报告也在市面流传。其核心观点认为，牛市延续，但动能减弱。尽管牛市预计将持续到 2026年，但涨速可能放缓。标普7600点的预测目标代表了约12%的增幅，这与其他主要银行3%至16%的增长预 期范围相符。 急速杀跌 午后，恒生指数跌幅一度扩大至1.88%，跌破26000点。恒生科技指数一度跌超2%，阿里巴巴-W一度跌超 3%、蓝思科技一度跌超2%。与此同时，A50也继续大幅杀跌，跌幅一度超过1.5%。 高盛指出，企业将受益于经济加速 ...

港股三大指数继续昨日下跌行情，为连续2日走低，自开年以来短短的5个交易日指数走出过山车行情。 截止收盘，恒生科技指数午后曾一度跌至2.16%，最终收跌1.05%，恒生指数、国企指数分别下跌1.17% 及1.09%。盘面上，大型科技股、大金融股(银行、保险、券商)以及中字头等权重皆表现低迷大市承压 十分明显，然后先前开年指数上扬得益于金融和科技的推升，个股方面，美团、百度跌超3%，中国银 河、招商证券、中国太平、新华保险等纷纷走低；铜、铝等有色金属股多数弱势，濠赌股持续走低，其 中，新濠国际发展、金沙中国、永利澳门、澳博控股均刷新阶段低位；乳制品股、啤酒股、餐饮股等消 费类股亦集体走低，光伏股、家电股、汽车股、石油股纷纷走低。另一方面，美国猛增军费预算，军工 股逆势拉升，中国据报要求科技企业暂停订购H200芯片，半导体芯片股普遍上涨，煤炭股、纸业股多 数活跃。此外，三只新股今日上市，天数智芯涨8.44%，精锋医疗-B涨30.9%，"中国版OpenAI"智谱涨 13.17%。(格隆汇) ...

这里就要说到大家最需要警惕的点了。正因为这项政策备受关注，一些不法分子也打起了歪主意。他们 可能会套用"征信洗白"的名义，联系你说有"内部渠道"或"特殊方法"帮你删除逾期记录，但前提是收取 高额费用。请注意，这完全是骗局。信用修复是免费的，任何声称可以代办并索要钱财的行为都是诈 骗。 总之，我们一定要分清"信用修复"和"征信洗白"的区别。"征信洗白"是试图用虚假手段抹去真实的不良 记录，是违法的，往往也伴随着高额收费，还可能会导致你的个人信息泄露。而此次信用修复是政策给 予的一次性善意安排。政策的底线非常鲜明，第一，必须足额偿还逾期债务。第二，2026年之后的新逾 期，还要按老规矩办。政策想帮助的是那些诚实但有过失误的人，而不是纵容恶意失信的行为。 问 那么，作为普通老百姓，我们现在该做些什么呢？ 很简单。首先，建议你通过手机银行App、云闪付或征信中心官网等正规渠道，查一下自己的征信报 告，看看有没有符合条件的逾期记录。如果还有符合要求的小额逾期没还，而你又想赶上这趟政策"班 车"，那么请务必在2026年3月31日之前把它足额还清。中国人民银行征信系统将自动识别符合条件的逾 期记录，根据不同还款情形完成自动 ...

Core Insights - The sponsorship amount for the 2026 season of the "Su Super League" is reported to be 202 million yuan, but this information is currently deemed inaccurate as the sponsors have not yet been announced [1] - The 2026 season is expected to see an increase in the number of matches from 85 to 91, with the season set to kick off in April [1] Group 1: Sponsorship Details - The sponsorship for the 2026 season is anticipated to include a continuation of support from Jiangsu Bank at 45 million yuan, along with new sponsorship from Suhao Group at 30 million yuan [1] - The total sponsorship amount for the new season is projected to reach 202 million yuan, with the sponsorship recruitment nearing completion [1] Group 2: Growth and Popularity - The "Su Super League" has rapidly gained popularity since its inception in 2025, driven by a model of "mass participation + cultural tourism integration," leading to a total cultural and tourism consumption of over 120 billion yuan during the event [1] - The number of sponsors increased from 6 to 41 in the 2025 season, with individual sponsorship fees rising from hundreds of thousands to 3 million yuan, indicating high demand [1][2] - The league has set a new benchmark for amateur sports events in China, with an average attendance of 28,000 per match and a peak of 62,000 for the finals, alongside over 2 billion online views [2] Group 3: Future Plans - The Jiangsu Provincial Sports Bureau has confirmed that the 2026 Jiangsu City Football League will continue, with plans for optimizing player selection rules to enhance the league's characteristics and quality [2]

Group 1: Market Outlook - Goldman Sachs predicts that Chinese stocks will be supported by artificial intelligence and policy measures, with the MSCI China Index expected to rise by 20% by the end of 2026, and the CSI 300 Index projected to increase by 12% to 5200 points [1] - As of the first trading day of 2026, the CSI 300 Index has already risen by 3.5%, reaching a four-year high, while the MSCI China Index has increased by approximately 3.6%, outperforming the S&P 500 [1] Group 2: Earnings-Driven Growth - The core argument of Goldman Sachs' report is that returns in 2026 will be primarily driven by earnings growth, supported by artificial intelligence, "going global" strategies, and anti-involution policies [2] - Five major capital flows are expected to support the market: net southbound capital inflows potentially reaching a record $200 billion; domestic asset reallocation bringing about 3 trillion RMB into the stock market; total dividends and buybacks nearing 4 trillion RMB; global active funds possibly increasing their allocation to Chinese stocks; and IPO financing exceeding $100 billion [2] Group 3: Investment Logic - On a macro level, Goldman Sachs has raised its forecast for China's real GDP growth in 2026, citing resilient exports as a key driver, with a trend towards diversification and quality improvement in export destinations [4] - The report indicates that the valuation of the MSCI China Index and CSI 300 has recovered to mid-cycle levels, with forward P/E ratios of 12.4x and 14.5x, respectively, around or slightly above the 10-year average [4] Group 4: Sector and Company Insights - Goldman Sachs expects the TMT sector (technology, media, and telecommunications) to have the highest earnings growth forecast at approximately 20%, driven by AI-related revenue growth and increased capital expenditures [5] - The firm holds an "overweight" view on several sectors, including technology hardware, media/entertainment, internet retail, materials, and insurance, benefiting from various supportive factors [5] - A list of ten leading Chinese companies comparable to the "Big Seven" in the U.S. stock market includes Tencent, Alibaba, CATL, Xiaomi, BYD, Meituan, NetEase, Hengrui Medicine, and Trip.com, with a total market capitalization of $1.7 trillion, accounting for 40% of the MSCI China Index [6]

通过今天市场盘面可以看到，两市上涨个股3731家，其中涨幅超过9%的个股135家，涨幅超3%的个股 784家；下跌个股1595家，其中跌幅超过9%的个股6家，跌幅超过3%的个股192家！通过个股数据看， 两市个股明显涨多跌少，涨跌个股比接近7:3，多方占优明显，盘面商业航天继续大涨，客观评价，商 业航天如此逆天的炒作，真没有必要，航天，对于我们国家来说，真的很重要，有实力的军工股，应该 涨，但也要有数；而很多业绩很差、根本没有啥技术含量的擦边个股，真的没有必要这么涨，因为一旦 调整起来，也会非常厉害！ 好比今天盘中有投资者问：为什么今天权重调整，个股涨多跌少，中小盘个股领涨，你手中个股还没有 补涨？答曰：大涨的全是商业航天！问：那你为什么不买呢？答：我不买还涨，一买就会大跌！比如， 刚买的有色！——其实以上，就是很多投资者的真实写照！或者不敢买，或者不敢多买，但还涨，实在 忍不住，咬咬牙进去了或多买了，却莫名其妙调整了，这就是为什么一个板块看似大涨50%、80%，但 跌回去20%、30%就能套住很多投资者的关键原因了！当然，也有全身而退的投资者，不过，还是少数 啊！ 今天盘面有色相关的铂、白银、黄金、铝等期货 ...

新华财经北京1月8日电沪深两市三大股指8日早间普遍低开，沪指低开0.2%，深成指低开0.42%，创业 板指低开0.63%。沪指早盘期间窄幅整理后小幅上扬，午后震荡走低，尾盘反弹，最终微幅下跌；深成 指盘初短暂下探后快速反弹至平盘附近，此后呈窄幅整理态势，午后波动下行，尾盘有所反弹，收盘时 仍显著下跌；创业板指盘初下探后反弹，但未能完全回补与上一交易日之间缺口，此后震荡下行，午后 跌幅有所扩大，尾盘亦有所反弹。 从盘面上看，尽管各股指在滞涨后有所调整，但市场整体仍呈较活跃态势。1月8日，沪深北三市有近90 股创下历史盘中新高。当日，军贸概念、商业航天、脑机接口等板块大幅上涨，船舶、航空、军工信息 化、海洋经济、卫星导航、可控核聚变、BC电池、短剧游戏等多个细分领域均有显著上涨。保险、证 券、有色板块则出现较大幅度调整。 我国公开发布2025年度《中国空间站科学研究与应用进展报告》 中国载人航天工程办公室8日面向全社会发布2025年度《中国空间站科学研究与应用进展报告》。目 前，中国空间站在轨运行稳定，空间科学、应用实验与技术试验项目进展顺利、成果丰硕，具有一定的 前沿性和创新性。截至2025年12月，在空间生命 ...

编辑：何颖曦 中国经济周刊-经济网讯 截至收盘，上证指数报4082.98点，下跌0.07%，成交额11831.89亿元；深 证成指报13959.48点，下跌0.51%，成交额16170.77亿元；创业板指报3302.31点，下跌0.82%，成交额 7503.35亿元。 盘面上看，保险、券商、银行板块集体下挫，军工板块强势，地产、钢铁、医药、半导体等板块上 扬，工业软件、商业航天、军贸概念等活跃。 ...