A wave of LOF products will suspend trading for one hour, sparking a surge in arbitrage activity that masks underlying concerns. Promotions like "Invest with just 100 yuan, earn enough for a hot pot meal!" and "Hurry, the arbitrage window is closing!" are flooding social media platforms such as WeChat, Xiaohongshu, and Douyin. Recently, 16 LOFs experienced a rare collective surge limit-up, making them highly sought-after assets among investors.
A top-performing stock, Fenglong Co., Ltd., surged over 456% before resuming trading. The company disclosed the results of its trading suspension review on the evening of February 1, announcing that the review was complete and trading would resume on February 2 (Monday). Fenglong had suspended trading on January 26 after its stock repeatedly hit abnormal volatility thresholds. According to East Money data, from December 17, 2025, to January 23, 2026, Fenglong's stock achieved 18 consecutive limit-up gains, with a cumulative increase of 456.34%.
Several actively managed equity funds saw their assets under management multiply 15-fold in just one quarter by precisely capitalizing on market hotspots. Amid the structural market trends of the fourth quarter of 2025, funds like GF Carbon Neutrality Theme, China Europe Cycle Preferred, and Taixin Development Theme successfully transformed strong performance into massive scale growth by investing in popular sectors such as energy storage and resources, revitalizing previously small-scale products.
The 2026 Spring Festival travel rush officially begins on February 2! This massive, highly anticipated travel period will run from February 2 to March 13, spanning 40 days.
The tax threshold for natural persons paying taxes on a per-instance basis has been raised to 1,000 yuan, as supporting administrative rules for the Value-Added Tax Law are implemented. The State Taxation Administration issued an announcement further clarifying VAT administration matters, including threshold standards and the application of preferential tax policies, to ensure the smooth implementation of the new VAT law and its regulations.
Data shows that equity ETFs experienced a net outflow of nearly 800 billion yuan in January. Analysis of twelve broad-based ETFs revealed significant net outflows, each exceeding 11 billion yuan, totaling a massive 939.787 billion yuan. Based on ETF regular reports and the latest fund share data, this substantial outflow is likely attributable to share reductions by Central Huijin. Conversely, thematic ETFs focusing on sectors like non-ferrous metals, chemicals, and satellites attracted considerable inflows.
With nearly 80% of investors bullish on the 2026 market, a survey indicates a continuous improvement in profitability. As major A-share indices closed higher across the board in 2025, nearly sixty percent of surveyed investors reported profits. Core hot sectors, particularly artificial intelligence, which saw sustained gains throughout 2025, were the primary contributors to these investment returns.
An examination of private fund scams reveals the orchestrators, the participants, and the losers. Ruifengda and related entities received a combined fine of 410 million yuan, the heaviest penalty ever in the private fund industry; core members of Ding Yifeng, which promoted an esoteric investment "scam," were prosecuted; Youce Investment and its responsible persons were fined over 300 million yuan for misappropriating nearly 1 billion yuan in fund assets. As industry insiders note, this reflects the cunning of the schemers, the "scarce investable asset dilemma" of the participants, and a deep-seated crisis of trust.
Major internet companies are igniting a battle for AI traffic during the Spring Festival. As the Lunar New Year approaches, a fierce "AI war" is commencing. On February 1, Tencent's "Collect Yuanbao, Share 1 Billion" campaign officially launched, flooding WeChat groups with红包 sharing messages and propelling the app to the top of the Apple App Store's free rankings. Beyond Tencent, giants like Alibaba, Baidu, and ByteDance are all vying for a piece of the super traffic event, hoping to capture new AI user entry points, a direct reflection of their current AI and traffic anxieties.
Behind the gold price volatility, Shenzhen's Shuibei market shows warming jewelry consumption but cautious gold suppliers. After hitting record highs, international gold prices plummeted dramatically within days, triggering chain reactions across retail consumption and investment channels. In Shuibei, the nation's largest gold distribution market, jewelry prices recently peaked near 1,400 yuan per gram before falling to around 1,254 yuan over the weekend.
Following a second margin hike by the CME Group, domestic exchanges are simultaneously enhancing risk controls. After gold and silver prices recently soared to historic highs, they experienced a cliff-like plunge on January 30. To mitigate risks, the SHFE, SGE, and CME Group preemptively implemented密集 risk control measures. On January 30, precious metals markets saw a one-sided crash, with spot London silver plunging over 30% intraday; COMEX gold and silver futures fell 8.35% and 25.5% respectively in a single day, an "epic" correction; concurrently, SHFE gold and silver futures fell sharply during the night session, with silver futures hitting the 17% down limit.
The latest mutual fund quarterly reports reveal the动向 of nearly 38 trillion yuan in assets, showing a return to earnings fundamentals for AI investments and a mainstream shift towards stable allocation. Following the completion of Q4 2025 fund report disclosures, the market entered a week of intensive analysis. Despite the approaching holiday, A-share trading remained brisk last week with average daily turnover reaching 3.11 trillion yuan, up over 10% week-on-week. Amid sustained high activity and intensified sector rotation, the allocation logic of institutional funds is under heightened scrutiny.
The duty-free economy is blossoming across multiple fronts, fueling consumption growth. According to Haikou Customs statistics, as of January 29, since the new Hainan offshore duty-free policy took effect on November 1, 2025, cumulative sales have reached 100.5 billion yuan, a year-on-year increase of 25.32%, demonstrating the robust momentum of the offshore duty-free market. Continuous policy improvements and expanding sales scale have fostered significant development, creating a new "multi-point开花" pattern that acts as a new engine for stimulating demand and promoting consumption growth.
Brokerages' top stock picks for the month are gradually being unveiled. The allocation strategies and stock selection focus of brokerages' monthly top picks are always a key market focus. As of press time on February 1, 82 stocks have appeared on the密集 disclosed February recommendation lists. Zijin Mining Group, Wanhua Chemical, and China Pacific Insurance have emerged as hot picks due to their high recommendation frequency.
Why is 3D printing hot again? While 3D printing technology is not new and gained attention years ago, high costs and mass-production challenges previously hindered large-scale industry development. Now, the technology is rapidly moving from labs to production lines and everyday applications. Recent data from the National Bureau of Statistics shows China's 3D printing equipment output grew 52.5% year-on-year in 2025. What factors are driving this resurgence, and what opportunities and challenges lie ahead?
The monthly penetration rate of new energy heavy-duty trucks surpassed 50%, setting a new industry record. Against the backdrop of advancing carbon goals and green transformation in road freight, the adoption of new energy heavy-duty trucks accelerated in the Chinese market in 2025. Recent compulsory insurance data shows annual sales reached 231,100 units, surging 182% year-on-year. In December 2025, terminal sales soared to 45,300 units, pushing the monthly penetration rate past the 50% mark to 53.89%, a historic industry record. Pure electric heavy-duty trucks were particularly outstanding, with sales of 40,800 units accounting for 48.6% of the market, achieving dual historic breakthroughs in monthly sales and penetration rates alongside new energy heavy trucks.
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