Core Insights - The article highlights the performance of an actively managed portfolio focused on undervalued preferred stocks and baby bonds, showcasing significant annualized returns on various trades [1]. Group 1: Trade Performance - The portfolio includes several trades with notable annualized returns, such as AGNCO LIBOR Preferred, which achieved a return of 151.10% over 24 days [1]. - Another trade involving AGNCP LIBOR Preferred yielded a 31.34% return over 38 days [1]. - The ARGO-A Reset Rate Preferred trades demonstrated returns ranging from 9.42% to 39.42%, indicating a diverse performance across different securities [1]. Group 2: Trade Details - Specific trade details include alert prices, exit prices, and net realized gains, providing transparency on the investment strategy [1]. - The portfolio's allocation strategy typically involves a 2% allocation per trade, allowing for a diversified approach to risk management [1]. - The length of trades varies significantly, with some trades lasting as short as 24 days and others extending up to 330 days, reflecting a flexible trading strategy [1].

Major Events - Dongpeng Beverage (09980) will conduct its IPO from January 26 to January 29, with an expected listing date of February 3 [1] - Zijin Mining (02899) plans to acquire 100% of Allied Gold Corporation for approximately CAD 5.5 billion [2] - AsiaInfo Technologies (01675) collaborates with ABB Robotics to establish an "Embodied Intelligence Laboratory" [3] - Dongyang Sunshine Pharmaceutical (06887) signs a strategic cooperation agreement with Shenzhen Jingtai to form a joint venture for an AI-driven drug research platform [4] - Howie Group (00501) intends to invest up to USD 50 million to subscribe for shares in Aixin Yuanzhi's initial public offering [5] - Singularity Guofeng (01280) enters a GPU distribution cooperation agreement with Muxi Co., aiming to penetrate the domestic AI computing power market [6] - Guorui Life (00108) signs a strategic cooperation memorandum with Mingzhi Medical to promote deep integration and industrial upgrading of "medical + technology + scenarios" [7] Financial Reports - Harbin Electric (01133) anticipates a net profit attributable to shareholders of approximately CNY 2.65 billion for 2025 [8] - Joyson Electronics (00699) expects an annual net profit of about CNY 1.35 billion, representing a year-on-year growth of approximately 40.56% [9] - Guotai Junan International (01788) projects an annual net profit between HKD 1.28 billion and HKD 1.38 billion, a significant increase of 265% to 293% year-on-year [10] - Tianyue Advanced (02631) forecasts annual revenue of CNY 1.45 billion to CNY 1.5 billion [11] - China Power (02380) estimates a consolidated total electricity sales volume of approximately 126 million megawatt-hours for 2025 [12] - Chalco International (02068) expects a total new contract amount of CNY 46.836 billion for 2025, a year-on-year increase of 51.94% [13]

MACD金叉信号形成，这些股涨势不错！ IG分析师Chris Beauchamp在一份报告中称，近期贵金属价格大幅上涨以及对股市高估值的担忧，可能 会促使资金在投资者进行投资组合再平衡时被重新配置到加密货币。"如果出现合适的催化剂，这些资 金再平衡流动可能有助于开启该资产新一轮上涨。"他说，看到英国金融行为监管局关于加密货币监管 的征求意见程序取得进一步进展，也令人鼓舞。根据伦敦证券交易所集团的数据，比特币上涨1.4%， 至87，680美元。以太币上涨2.9%，至2，901美元。 MACD金叉信号形成，这些股涨势不错！ 责任编辑：何云 IG分析师Chris Beauchamp在一份报告中称，近期贵金属价格大幅上涨以及对股市高估值的担忧，可能 会促使资金在投资者进行投资组合再平衡时被重新配置到加密货币。"如果出现合适的催化剂，这些资 金再平衡流动可能有助于开启该资产新一轮上涨。"他说，看到英国金融行为监管局关于加密货币监管 的征求意见程序取得进一步进展，也令人鼓舞。根据伦敦证券交易所集团的数据，比特币上涨1.4%， 至87，680美元。以太币上涨2.9%，至2，901美元。 责任编辑：何云 ...

证券日报网讯 1月26日，越秀资本在互动平台回答投资者提问时表示，二级市场股价波动受多种因素影 响，请投资者注意投资风险。 （文章来源：证券日报） ...

According to Deloitte, the International Financial Services Centre at GIFT City has emerged as a focal point of India’s economic ambitions in banking, capital markets, insurance and allied financial services. The International Financial Services Centres Authority (IFSCA) is tasked with developing IFSCs into diversified, globally competitive hubs that serve both India and the wider regional financial ecosystem.Deloitte said this objective rests on building a pro-business environment supported by a progressiv ...

高盛上周将今年年末金价预测上调至每盎司5400美元，高于之前预测的每盎司4900美元，因私营部门向 黄金领域的多元化投资已显现成效。 此外，美国银行近日将其短期黄金目标价上调至6000美元/盎司。美国银行首席投资策略师Hartnett认 为，新世界秩序不仅催生股票牛市，也催生黄金牛市。虽然超买的牛市总会出现强劲回调，但可以认为 黄金的更高配置比例仍然合理。目前美国银行高净值客户的黄金配置比例仅为0.6%。考虑到过去一个 世纪四次黄金牛市的平均涨幅约为300%，黄金价格有望突破6000美元。 至此，黄金期货、现货今年以来涨幅均已超过17%。 现货黄金盘中站上5100美元。 东方金诚研究发展部高级副总监瞿瑞指出，金价快速上行主要源于市场避险情绪再度快速升温，进一步 加大对黄金的需求。关税叠加军事威胁，导致市场情绪急剧上升。 1月26日亚市盘中，现货黄金一路冲破5000美元、5100美元两大整数关口，大涨超2%，一度冲高至 5111.17美元/盎司，日内大涨超 110 美元。截至发稿，伦敦金现报5091美元/盎司，涨2.06%。COMEX黄 金同步走强，截至发稿报5089.5美元/盎司，涨2.2%，同创历史新高。 ...

Core Viewpoint - Investors are increasingly turning to gold as a safe haven amid concerns over declining bond yields, high stock prices, and geopolitical tensions, with gold prices recently surpassing $5,100 per ounce after previously reaching $4,000 [1][9]. Group 1: Factors Driving Gold Prices - Currency devaluation trading is a significant factor, as investors worried about a strong dollar and other major currencies are buying gold to preserve value against economic shocks [1][9]. - The expansion of debt burdens and accommodative economic policies in Europe and Japan is contributing to the rise in gold prices, with renewed concerns over transatlantic trade wars [2][10]. - The Federal Reserve's interest rate cuts have lowered yields on government bonds and cash, making gold more attractive as the opportunity cost of holding it decreases [3][12]. Group 2: Central Bank Purchases - Central banks, which have shifted from being net sellers to net buyers of gold since 2010, are increasingly competing for gold, with Poland's central bank recently approving a large purchase plan [5][14]. - Central banks view gold not only for its price performance but also for its role in diversifying foreign exchange reserves [6][14]. Group 3: Stock Market Concerns - High stock valuations, particularly in technology stocks, are causing investor anxiety, with current price-to-earnings ratios being among the highest in the past century [6][15]. - The performance of a few major tech companies is significantly influencing the overall stock market, raising concerns about market stability [15]. Group 4: Future Gold Price Trends - Analysts predict that gold prices are likely to continue rising, with historical trends showing that gold often experiences sustained upward momentum [7][16]. - Projections indicate that gold could see significant price increases in the coming years, with estimates of a 65% rise in 2025 following a 27% increase in 2024 [8][17].

Group 1 - The core viewpoint is that the restructuring of investment risks and opportunities has become a global phenomenon, with investors reassessing these factors more urgently than ever before [1] - The rapid development of generative artificial intelligence (AI) is redefining the essence of finance and investment, with Asia-Pacific companies investing a higher percentage of their annual revenue in digital technology and generative AI compared to their North American and European counterparts [1] - Generative AI and other advanced technologies are expanding investment areas that previously attracted only a few investors, such as the private equity market, with MSCI predicting that by 2030, approximately one-sixth of global investable funds will flow into private equity [1] - Private equity assets are becoming mainstream, with a significant increase in allocation plans among wealth management institutions in the Asia-Pacific region, where 55% plan to increase private equity asset allocation in the coming years [1] Group 2 - Globalization is being rebooted rather than reversed, which holds extraordinary significance for the Asia-Pacific region [2] - According to McKinsey Global Institute data, 18 out of the 20 fastest-growing trade corridors globally are located in Asia, and 13 out of the 20 largest trade corridors are also situated there [2] - The current trend is not de-globalization but re-globalization, with trade volumes continuing to rise while trade patterns are being restructured, influenced by geopolitical competition and the reorganization of global supply chains [2]

成交额前三的个股中，阿里巴巴跌1.96%，成交超112亿港元；腾讯控股涨0.76%，成交超104亿港元； 紫金矿业涨4.35%，成交超57亿港元。 整体来看，多数板块下跌，黄金、有色金属、光通讯、石油与天然气、高铁基建等股多为上涨，科网、 银行、券商、房地产、电信等股有涨有跌，百货业、风电、生物医药、新能源车企、芯片、新消费、商 业航天等股多有下跌。 个股方面，小米集团跌2.81%，泡泡玛特跌0.91%，中芯国际跌3.27%，中国海洋石油涨4.01%，美团跌 0.46%，老铺黄金涨7.80%，快手跌3.26%，长飞光纤光缆涨17.82%，国泰君安国际涨3.33%，智谱涨 13.02%，建设银行涨0.66%，小鹏汽车跌4.17%，长和涨3.50%，中国石油股份涨3.68%。 新华财经香港1月26日电（记者林迎楠）26日，港股主要指数高开后震荡整理，截至收盘，恒生指数上 涨0.06%至26765.52点，恒生科技指数下跌1.24%至5725.99点，国企指数下跌0.15%至9147.21点。 当日恒指高开94.53点，开报26844.04点，指数早盘期间宽幅震荡，午后窄幅整理，最终恒指涨16.01 点，主板成交超 ...

Core Viewpoint - China Construction Bank's Beijing Economic and Technological Development Zone branch has tailored a comprehensive financial service plan for Beijing Liangliang Vision Technology Co., Ltd., which is characterized by "technology-intensive, high R&D investment, and light asset operation" [1] Group 1 - The bank has provided several million yuan in equity and debt financing to support Liangliang Vision's development in optical display, AI translation algorithms, and overseas market promotion [1]