海外市场策略 美元人民币汇率两极化 国证国际证券(香港)有限公司•研究部 2026年1月 分析师： 黄焯伟 Steve (中央編號：ASG163) stevewong@sdicsi.com.hk 请参阅本报告尾部免责声明 目录 请参阅本报告尾部免责声明 2 ➢ 回顾2025年汇率走势 ➢ 央行取态 ➢ 美元贬值下的机会 ➢ 中、美、欧、日市场的宏观状况 资本市场：回顾2025年汇率走势 3 主要货币表现（相对走势） 主要股指表现（相对走势） 0.80 0.85 0.90 0.95 1.00 1.05 1.10 1.15 1.20 2025-Jan 2025-Apr 2025-Jul 2025-Oct 英鎊 日元 人民幣 歐元 美元指數 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1.6 2025-Jan 2025-Apr 2025-Jul 2025-Oct 标指500 纳指100 歐洲斯托克50 恒指 日經225 沪深300 来源：彭博、国投证券国际整理 来源：彭博、国投证券国际整理 请参阅本报告尾部免责声明 3 ➢ 美元汇率走势呈现显著的"前高后低、由强转弱"特征。受美联储货币政策转向、 ...

ab 10 January 2026 Global Research China Insurance Sector 2026 outlook: Deposit migration to fuel growth Life: Double-digit VNB growth fuelled by deposit migration Following a strong 2025 (UBSe: listed insurers' VNB +33%), we project double-digit VNB growth to continue in 2026, supported by FYP growth amid deposit migration. Net household deposits climbed to Rmb78trn as of June 2025 but the deposit rate has kept falling, a prime opportunity for leading insurers. Bancassurance is advantaged to capture such d ...

J P M O R G A N Global Markets Strategy 12 January 2026 Equity Strategy Cyclical groups to stay favoured Equity Strategy Mislav Matejka, CFA AC (44-20) 7134-9741 mislav.matejka@jpmorgan.com J.P. Morgan Securities plc Prabhav Bhadani, CFA (44-20) 7742-4404 prabhav.bhadani@jpmorgan.com J.P. Morgan Securities plc Nitya Saldanha, CFA (44 20) 7742 9986 nitya.saldanha@jpmchase.com J.P. Morgan Securities plc Karishma Manpuria, CFA (91-22) 6157-4115 karishma.manpuria@jpmchase.com J.P. Morgan India Private Limited A ...

（来源：黑龙江日报） 本次活动由黑龙江省防范和打击非法金融活动专项工作机制办公室、哈尔滨市防范和打击非法金融活动 专项工作机制办公室、国家金融监督管理总局黑龙江监管局联合主办，省银行业协会、省保险行业协会 协办，哈尔滨银行承办。黑龙江省公安厅、哈尔滨市公安局、哈尔滨市民政局、哈尔滨市农业农村局等 4家政府机关，中国银行、邮储银行、农业银行、招商银行、光大银行等11家银行机构，人保财险、平 安人寿、太平人寿、中国人寿等10家保险机构积极参与，形成跨部门、跨行业宣传教育合力，共同为群 众提供专业、全面的非法金融活动防范指导。 本次活动摒弃了传统单向宣讲模式，而是采取"专业宣讲+互动答题+趣味挑战"的立体化交互宣传形 式，增强群众参与感与获得感。哈尔滨银行工作人员围绕"防范非法集资""识别金融诈骗""拒绝高利诱 惑"等主题进行深入浅出讲解，并结合常见诈骗手法进行案例剖析，提升群众警惕性。活动现场通过各 类醒目突出的防非宣传标识、简洁有力的防非宣传标语、风险提示卡等宣传资料、寓教于乐的防非文艺 作品等载体，不断加深参与群众对"高收益伴随高风险""天上不会掉馅饼，高利保本是陷阱"等理念的认 识。现场还设立了多个咨询台， ...

Table of Contents As filed with the Securities and Exchange Commission on January 14, 2026 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 PRESURANCE HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Michigan 6331 27-1298795 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Numb ...

HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Group, Ltd. (NYSE: EG), a global underwriting leader providing world-class reinsurance and specialty insurance solutions, announced today that Christopher Kujawa has been appointed Executive Vice President and Chief Human Resources Officer, effective January 20, 2026. Mr. Kujawa will report to Jim Williamson, President and CEO and will serve on Everest's Executive Leadership Team. He succeeds Gail Van Beveren, Interim Chief Human Resources Officer, wh. ...

RICHMOND, Va.--(BUSINESS WIRE)--Kinsale Capital Group, Inc. (NYSE: KNSL) announced today that it will release financial results for the fourth quarter of 2025 after the market closes on Thursday, February 12, 2026. To access the conference call, dial (800) 715-9871, conference ID# 6520221, or via the Internet by going to www.kinsalecapitalgroup.com and clicking on the "Investor Relations†link. Please visit the website at least 15 minutes before the call to register and download any necessary audio software. ...

PresentationB. MartzPresident & CEO Hello. I'm Brad Martz, President and CEO of American Coastal Insurance Corporation. Here with me is our CFO, Svetlana Castle, who will also be presenting, and we welcome you to our Flash strategic update. This presentation is intended to share some exciting developments at ACIC. They are anticipated to create shareholder value by driving revenue and earnings growth over time. Accordingly, statements made in this presentation contain forward-looking statements as defined ...

Mercury General (MCY) on Wednesday announced a dual listing of its common stock on NYSE Texas in addition to NYSE, effective January 15, 2026. The Los Angeles-based multiple-line insurance organization will trade with the same MCY ticker symbol on ...

Over a quarter of UK consumers suggested that a telematics/usage-based insurance (UBI) policy gives them privacy concerns, a GlobalData survey has found. Meanwhile, the telematics provider IMS has warned that insurers risk stalling the adoption of UBI policies in 2026, unless they address consumer concerns around data privacy and transparency. GlobalData’s 2025 UK Insurance Consumer Survey found that 27.6% of UK consumers cited data privacy as a key concern associated with UBI policies. The findings sugg ...