Wind用户在金融终端输入 ACHA T(Ali ce chat) 千亿级参数智能模型， 能理解复杂金融概念 20年金融数据沉淀，分析能力媲美行业专家 手机和电脑实时联动，确保随时随地高效响应 为用户提供智能化的工作新体验 1月7日，A股再度小幅收涨，上证指数实现14连阳，市场仍然强劲。 不过个股有异动，中信证券现巨额资金压单。Wind数据显示，中信证券卖一出现49.22万手卖单，按照收盘价计算，卖单金额达14.52亿元。 | く 日 | 中信证券(600030) | | | --- | --- | --- | | 闭市 01-07 15:00:03 通 融 | | | | 29.50 额 68.3亿 股本 148亿 市盈™ 15.58 | | 万得 营口 | | -2.29% 换 1.88% 市值 4310亿 市净 1.56 -0.69 | | | | 分时 五日 日K 周K 月K 更多 ◎ | | | | 叠加 | 均价: 29.76 盘口 资金 | | | 30.98 | 2.62% 卖5 29.54 621 | | | | 卖4 29.53 2507 | | | | 卖3 29.52 79 卖2 29 ...

一是加强银行间外汇市场监管，从交易场所、资质条件、报价规范、交易清算规则、信息管理、数据服务、自律管理等领域明确相应要求，实现业务监管 全覆盖。 二是维护外汇市场稳健运行，规范银行间外汇市场基础设施、境内外金融机构、货币经纪公司、金融信息服务商权利和义务，要求遵循公开、公平、公正 和诚实信用原则，保护市场参与者合法权益。 三是推动银行间外汇市场高质量发展，支持外汇市场基础设施根据市场需求不断丰富交易和清算品种、币种、方式等，便利金融机构为客户提供外汇服 务。 为规范和发展外汇市场，扩大高水平对外开放，保障各方合法权益，防范相关风险，促进外汇市场更好服务实体经济，中国人民银行对《银行间外汇市场 管理暂行规定》（银发〔1996〕423号）进行修订，发布《银行间外汇市场管理规定》（中国人民银行令〔2025〕第13号），自2026年2月1日起施行。 新规定立足我国银行间外汇市场发展变化和监管实践，统筹整合有关制度规定，形成系统性的监管框架和监管要求。主要内容包括： (本文缩略图为AI生成) Wind用户在金融终端输入 ACHA T(Ali ce chat) 千亿级参数智能模型， 能理解复杂金融概念 20年金融数据沉淀 ...

国家创业投资引导基金有限公司董事长霍福鹏表示，在资金规模方面，已经落实 首批三只区域基金出 资方案，每只具备500亿以上规模 。目前，三只区域基金全部签署了投资协议，完成了工商注册，并形 成了首批已签约的49只子基金和27个投资项目。 另据新浪财经报道，9月份科技部曾公开表示，引导创业投资"投早、投小、投长期、投硬科技"，加快 组建国家创业投资引导基金， 预计将带动地方资金、社会资本近1万亿元。 Wind用户在金融终端输入 ACHA T(Ali ce chat) 千亿级参数智能模型， 能理解复杂金融概念 20年金融数据沉淀，分析能力媲美行业专家 手机和电脑实时联动，确保随时随地高效响应 为用户提供智能化的工作新体验 据央视新闻报道，国家发改委在12月26日的新闻发布会上透露，国家创业投资引导基金正式启动，京津 冀创业投资引导基金、长三角创业投资引导基金、粤港澳大湾区创业投资引导基金三只区域基金设立运 行。 有关负责人表示，设立引导基金是发展创业投资、壮大耐心资本，引导金融资本投早、投小、投长期、 投硬科技的重要举措。 点" 阅读原文 "，申请Wind金融终端 ...

Core Viewpoint - The People's Bank of China (PBOC) has announced a one-time credit repair policy aimed at helping individuals with damaged credit due to the COVID-19 pandemic, allowing automatic adjustments to overdue information without the need for personal applications or documentation [2]. Group 1: Policy Content - The policy applies to overdue information from January 1, 2020, to December 31, 2025, for amounts not exceeding 10,000 RMB. Individuals who repay their overdue debts in full by March 31, 2026, will have this information removed from their credit reports [2]. - If individuals repay their overdue debts by November 30, 2025, the overdue information will not be displayed from January 1, 2026 [2]. - For repayments made between December 1, 2025, and March 31, 2026, the overdue information will be removed by the end of the following month [2]. Group 2: Implementation Method - The PBOC's Credit Reporting Center will handle the technical processing of eligible overdue information without requiring individual applications [3]. - Individuals who find that their eligible overdue information is still displayed after the specified time can contact the Credit Reporting Center for resolution, which must be completed within 30 days [3]. Group 3: Work Requirements - The Credit Reporting Center is tasked with coordinating and implementing the policy, ensuring that financial institutions adjust the relevant information promptly for eligible individuals [5]. - There will be an emphasis on public service and communication, with various channels available for individuals to access their credit reports and understand the policy [5]. - Financial institutions must adhere to regulations and ensure accurate reporting of credit information while enhancing their risk management capabilities [5]. Group 4: Other Matters - The previous notification regarding financial support for COVID-19 is no longer applicable as of the announcement date [6]. - From January 1 to June 30, 2026, individuals can access their credit reports for free up to four times a year [6].

Group 1 - The article provides a comprehensive overview of the investment banking industry, focusing on the underwriting rankings in equity and debt markets over the past decade [2] - It presents a multi-dimensional analysis of market financing scales, categorized by industry and region [2] Group 2 - The rankings reflect the competitive landscape of investment banks in various sectors, highlighting their performance in capital raising activities [2] - The article emphasizes the significance of understanding these rankings for identifying potential investment opportunities and market trends [2]

Group 1 - The U.S. federal government shutdown, which lasted for 43 days, has officially ended after President Trump signed a temporary funding bill [2][3] - The House of Representatives passed the funding bill with a vote of 222 in favor and 209 against, ensuring government operations are funded until January 30, 2026 [3] - The end of the government shutdown allows for the resumption of official economic data releases, potentially paving the way for a Federal Reserve interest rate cut in December [3] Group 2 - The IBR (Investment Banking Rankings) can be accessed through the Wind financial terminal, providing comprehensive data on underwriting rankings in stocks and bonds over the past decade [4]

Core Viewpoint - The article introduces Alice Meeting's "link transcription" feature, which addresses common pain points in processing long audio and video content, enhancing efficiency in information retrieval and summarization [1][16]. Group 1: Features of Alice Meeting - The platform allows direct recognition of links from various mainstream platforms like Bilibili and Xiaoyuzhou without the need for local downloads [5]. - AI transcription capabilities enable real-time progress tracking and automatic extraction of key content, eliminating the need for manual organization [7]. - The system generates clear meeting summaries that include core viewpoints, key data, and intelligent Q&A, facilitating report writing and meeting sharing [8]. Group 2: Efficiency Enhancements - The "link transcription" feature transforms linear audio and video content into a structured format that is easy to browse and search [10]. - Intelligent segmentation automatically identifies key points and organizes them logically, allowing users to preview original video segments corresponding to each conclusion [10]. - Users can input questions in a designated area to receive immediate answers related to specific content, enhancing decision-making efficiency [10]. Group 3: Practical Applications - The tool aids in preparing for morning meetings by quickly reviewing important interview summaries to stay updated on market dynamics [15]. - It assists in knowledge organization by converting podcast and video links into structured documents for quick archiving and analysis [15]. - The platform supports intelligent decision-making by providing precise data and viewpoints, making investment judgments more informed [15].

Group 1 - The U.S. Senate passed a temporary funding bill aimed at ending the government shutdown, providing funding until January 30, 2026 [2] - Following the Senate's approval of the funding bill, U.S. stock index futures surged, with Nasdaq futures rising over 1.2% and S&P 500 futures increasing by 0.7% [2]

Group 1 - The People's Bank of China (PBOC) announced a 700 billion yuan reverse repo operation to maintain liquidity in the banking system, with a term of 3 months, indicating a loose monetary policy approach [2] - On the same day, the PBOC conducted a 1,175 billion yuan 7-day reverse repo operation at a rate of 1.40%, resulting in a net withdrawal of 357.8 billion yuan due to the maturity of 4,753 billion yuan in reverse repos [2] - The PBOC's actions reflect a "long-short combination" liquidity management strategy, aiming to stabilize market liquidity expectations while providing support for year-end liquidity management [2] Group 2 - In October, the PBOC achieved a net injection of 20 billion yuan through open market treasury transactions, indicating a gradual restoration of treasury transactions as a regular liquidity adjustment tool [2] - The PBOC's Deputy Governor Lu Lei emphasized the importance of adjusting policy support based on domestic and international economic conditions, ensuring effective implementation of monetary policy tools [2] - According to a report by CITIC Securities, the liquidity gap is expected to narrow to around 100 billion yuan in November, with low volatility in funding rates anticipated due to the PBOC's recent resumption of treasury transactions [3] Group 3 - PBOC Governor Pan Gongsheng highlighted the need to optimize the basic currency issuance mechanism and maintain reasonable growth in financial aggregates in a recent article [3] - The focus is on enhancing the role of policy interest rates and narrowing the width of the short-term interest rate corridor to improve the transmission of monetary policy to market rates [3]

Core Viewpoint - The article discusses the decline of the "dividend low volatility" investment style in the market and explores whether it has become ineffective, while also investigating the potential for creating a new "low volatility miracle" using the Alice AI index strategy platform [2]. Group 1: Strategy Development and Backtesting - The company utilized the Alice AI platform to generate a strategy based on dividend yield and low volatility indicators, selecting the top 100 stocks from the CSI 800 index with quarterly rebalancing [5]. - Backtesting results showed that the CSI 800 Enhanced strategy had an annualized volatility of 13.27% and a maximum drawdown of 8.90% over the past year, indicating a steady upward trend in excess returns from 2021 to 2024, but a downturn began in August 2024 [7]. Group 2: Performance Analysis - A scenario analysis revealed that the "dividend low volatility" strategy performed well in value style periods but lagged in growth style periods, particularly in 2023 when growth dominated the market [10]. - The analysis indicated that from November 2020 to August 2021, the growth style had an excess return of -8.37%, while the value style from August 2021 to April 2023 had an excess return of 32.77% [10]. Group 3: Strategy Evolution - The company sought to evolve the strategy by incorporating growth factors such as TTM revenue growth rate and TTM net profit growth rate, resulting in improved performance and alignment with the current market environment [11][13]. - The revised "dividend low volatility + growth" strategy showed significant improvement in total returns starting in 2025, with the excess return curve rising again [21]. Group 4: AI Integration and Future Outlook - The article emphasizes the efficiency of the Alice AI platform in facilitating the entire strategy research process, from generation to backtesting and optimization, without the need for complex coding [23]. - The company suggests that the decline of the dividend low volatility style may simply be a phase of style rotation, and with Alice, there is an opportunity to actively reconstruct strategies and quickly validate them [26].