A股证券交易员搬运号

这是打算与阿里的盒马展开较量吗？

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According to informed sources, due to the Panama side canceling the contract of CK Hutchison Holdings Ltd. to operate strategic ports at both ends of its canal, the Beijing side has taken broader retaliatory measures, instructing state-owned enterprises to cease negotiations on any new projects with the Central American country.

These anonymous sources pointed out that this development could jeopardize potential investment opportunities worth billions of dollars. In addition, Beijing has also suggested that shipping companies consider bypassing Panama ports and transporting goods through other routes without incurring huge additional costs. Meanwhile, China's customs authorities have also strengthened the inspection of products imported from Panama, with affected goods mainly including coffee and bananas. Although no final conclusions have been made regarding currently ongoing projects, informed sources added that these projects are also at risk of being affected.

This action follows a ruling by Panama's Supreme Court last week. The ruling is seen as a victory for U.S. President Donald Trump's campaign, aimed at curbing China's influence in the strategic infrastructure sector in the Americas. As the second-largest user of the Panama Canal after the United States, China reacted strongly to the ruling and issued a warning earlier this week, stating that if Panama succumbs to so-called U.S. hegemony, it will pay a heavy price.

This retaliatory strategy continues a similar approach taken by Beijing last year. According to previous reports from Bloomberg, after CK Hutchison announced the sale of its global port assets to a consortium led by Italian billionaire Gianluigi Aponte's Terminal Investment Ltd. and U.S. investment firm BlackRock Inc., China criticized the sale as yielding to U.S. pressure. Subsequently, China demanded a halt to new business cooperation with Hong Kong tycoon Li Ka-shing's family and CK Hutchison-affiliated companies.

In the current tense situation, Bloomberg News attempted to contact the State-owned Assets Supervision and Administration Commission, which supervises state-owned enterprises, as well as the General Administration of Customs of China, but did not receive a response to its faxed request for comment. CK Hutchison also did not immediately respond to the request for comment.

Although China has gained strategic advantages by investing billions of dollars to build ports globally, it has also triggered security concerns in other countries due to escalating trade frictions. However, it is still difficult to assess how substantial China's retaliatory measures will significantly impact Panama. Despite Beijing's efforts in recent years to weaken U.S. dominance in Latin America, the U.S. remains firmly in the position of Panama's largest trading partner and investor. Considering that Panama's agricultural products account for a very small proportion of China's total imports, and that bypassing the Panama Canal usually means higher costs and delays, its economic impact may be limited.

Overall, the performance is quite good.

The T-chain audit factory currently supports purchases.

The real voice of the local people in the United States

Regarding the recent market dynamics of JinkoSolar, Gelonghui reported the latest developments on February 4. In response to the abnormal fluctuation where the cumulative closing price deviation of the company's stock reached 30% over three consecutive trading days, JinkoSolar officially released a related announcement. After a comprehensive internal review by the company and written confirmation to the controlling shareholder and actual controller, as of the announcement's release, the company's daily operations are normal without any significant changes, and there are no major matters that should be disclosed but have not been disclosed.

Previously, there were market rumors that Musk's team had recently conducted secret visits to several Chinese photovoltaic companies and had contacted JinkoSolar. In this regard, JinkoSolar conducted rigorous verification and clarification: as of now, the company has not engaged in any form of cooperation with Musk's team, and no framework or formal agreements have been signed between the two parties, nor does the company have any relevant orders in hand. Furthermore, regarding the concept of space photovoltaics, it is still in the preliminary exploration stage of technology, the specific technical route has not yet been determined, and there are no specific projects with practical feasibility for implementation. (Information source: Gelonghui App)

The United States and Iran are scheduled to hold talks in Oman on the 6th.

January margin trading data is impressive: new account openings surged by 157.09% year-on-year.

According to a news report from Gelonghui on February 4, the latest statistical results released by China Securities Index show that in January 2026, market investment enthusiasm surged, with the number of new margin trading accounts reaching 190,500. This data shows strong performance, with a month-on-month increase of 29.50% compared to the 147,100 accounts in December 2025; when compared to the 74,100 accounts in January 2025, the year-on-year growth rate is as high as 157.09%.

As of the end of January, the total number of margin trading accounts in the entire market has accumulated to 15,801,600. In terms of fund scale, by the end of January, the total margin trading balance in the entire market rose to 2.72 trillion yuan, a month-on-month growth of 6.87%. Looking at the specific breakdown of data, the margin balance is 2.70 trillion yuan, and the securities lending balance is 16.609 billion yuan. In addition, the total transaction amount for margin trading in the entire market in January reached 6.39 trillion yuan.

In response to the recent actions of the European Commission conducting an in-depth investigation of Chinese wind power companies based on the Foreign Subsidies Regulation (FSR), a spokesperson for the Ministry of Commerce recently answered questions from the media. When responding to questions regarding the European side's announcement to initiate this in-depth investigation, the spokesperson elaborated on China's position.

China has closely monitored the developments related to this matter. Recently, the European side has frequently utilized the Foreign Subsidies Regulation as an investigative tool against Chinese companies, particularly escalating the investigation targeting wind power and safety equipment companies to an in-depth investigation, which clearly demonstrates obvious targeting and discrimination. In this regard, China expresses deep concern and strong dissatisfaction.

The European side has overly generalized the concept of "foreign subsidies" in the relevant investigation, with insufficient evidence and extremely opaque procedures. This essentially uses the pretext of maintaining "fair competition" to implement protectionist measures. As early as January 2025, the Ministry of Commerce determined through investigation that the relevant practices of the European side constituted trade and investment barriers. However, the European side has not only failed to correct this but has instead sunk deeper into the wrong path.

The vigorous development of China's wind power and other green industries is rooted in continuous technological innovation, a complete industrial system, and sufficient market competition. Chinese companies have provided high-quality green products for global responses to climate change and made positive contributions. The European side's abuse of investigative means has not only severely disrupted mutually beneficial cooperation between Chinese and European industries but has also undermined the confidence of Chinese companies in investing in Europe, further hindering Europe's own and even the global green transition process.

China consistently advocates resolving differences through dialogue and consultation and opposes politicizing or overly securitizing economic and trade issues. We urge the European side to immediately correct its erroneous actions, exercise caution in using the FSR unilateral investigative tool, and strive to create a fair, just, and predictable market environment for China-Europe cooperation. China will continue to monitor subsequent developments and take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese companies. (From the Gelonghui App)

表现出幸灾乐祸态度的加拿大民众

在此次于战略与国际研究中心举行的会议上，身兼美国国家能源主导委员会主席的美国内政部长道格伯格姆周二透露，为了降低对中国的依赖，一个旨在加强关键矿产贸易合作的国际联盟正在迅速扩大。目前，包括澳大利亚、日本和韩国在内的盟友已经加入该行列。伯格姆预计，本周内将对外宣布多达11项相关协议。

除了现有的合作伙伴，伯格姆指出还有多达20个国家表达了加入这个矿产俱乐部的强烈意愿。该联盟的核心机制包括实施免税贸易往来，并为矿产资源设定最低价格保障。

针对这一机制，伯格姆解释了美国立场的转变。他指出，虽然美国通常崇尚自由市场且不愿进行干预，但在面对某一方占据绝对主导地位并能通过大量倾销特定材料来冲击市场时，这种情况可能会摧毁单一公司乃至整个国家的生产经济价值，因此必须采取行动。

华盛顿方面正积极部署措施，旨在应对政策制定者眼中中国对锂、稀土、镍等关键矿产的价格操纵行为，这些资源对于生产高科技武器、电子产品及电动汽车至关重要。

就在周一，唐纳德特朗普总统正式启动了名为项目保险库的战略矿产储备计划。该项目不仅获得了美国进出口银行提供的100亿美元贷款支持，还引入了近20亿美元的私人资本，私营企业将有权使用这些资金。与此同时，美国国防部也维持着其独立的储备系统。

关于价格下限的设定，伯格姆强调这将有助于吸引长期资本进入。他认为，一旦消除了对价格暴跌的担忧并确保了市场需求，私营部门将更有信心投入资金进行矿产的开采与精炼工作。

目前的情况表明，实际上并没有H200芯片被运抵中国，这也就意味着此前关于海关受阻的传言很可能并不属实。尽管唐纳德·特朗普批准出口已近两个月，但英伟达向中国销售H200 AI芯片的计划仍在等待华盛顿方面的最终放行。美国政府正在进行严格的国家安全审查，在此程序完成并向中国客户发放许可证之前，审批不会通过。

据《金融时报》援引知情人士的消息，在英伟达明确许可证的获取资格及相关附加条件之前，中国客户方面暂时不会下单采购H200芯片。

回顾去年12月，英伟达首席执行官黄仁勋与美国总统达成了一项突破性协议。黄仁勋曾表示该市场年价值可能高达500亿美元，该协议曾让人对英伟达重返这一市场充满期待。为了应对中国客户预期的“非常高”的需求，英伟达此前已指示供应链提升H200芯片的产量。

然而，该协议的落实过程并不顺畅。由于华盛顿和北京在销售批准进度上均较为缓慢，部分供应商已暂停了H200关键组件的生产。当初特朗普同意允许英伟达向中国出口H200芯片时，曾指示政府部门进行国家安全审查，以确保出口许可证附带适宜的限制条件。

今年1月，商务部出台了一项法规，虽然放宽了H200对华出口的限制，但也明确要求任何许可证都必须经过美国国务院、国防部及能源部的联合审查。知情人士透露，商务部已完成了相关分析工作。但在跨部门讨论中，国务院方面正在极力推动实施更严格的限制措施，旨在增加中国利用H200芯片破坏美国国家安全的难度。有消息人士直言，国务院的立场让英伟达感到相当沮丧，并称“国务院正在制造很多困难”。

这项于去年12月达成的美国协议同样适用于英伟达的竞争对手AMD。协议规定美国将从销售额中抽取25%的分成，并引入了严苛的许可证审批标准。这些标准包括：所有出货量的一半必须出售给美国客户，必须由位于美国的第三方实验室进行强制性审查，以及必须提交关于芯片最终用途的报告。

除了上述初步限制外，知情人士指出还有诸多考量因素，其中包括中国公司能否向英伟达提供切实保证，确保其芯片不会被用于支持中国军事发展。对外关系委员会中国及新兴技术高级研究员克里斯·麦奎尔指出，美国国务院在研判中国企业如何利用这些芯片支持本国国防和情报服务方面，拥有深厚的专业知识。

曾担任美国国务院出口管制高级专家的麦克吉尔也表示，如果国家层面就批准许可证可能带来的国家安全影响表达了担忧，那说明这些许可证确实隐含着真实且重大的风险，忽视这些担忧将是不负责任的表现。

一位熟悉美国国务院立场的人士分析称，当前的审批流程之所以比常规的许可证评估更为复杂，是因为特朗普采取了一种新颖的行事方式：先同意发放许可证，随后再让他的团队去设定具体的条件。

According to Reuters, in order to respond to the current weak situation in the European market and effectively control costs to ensure profits, Renault has decided to manufacture a brand new small electric vehicle engine in France, using components from the Chinese supplier Shanghai e-drive. A spokesperson for Renault confirmed this strategic adjustment on Tuesday.

In fact, Renault has a precedent for cooperation with Shanghai e-drive. The new Twingo model from Renault uses an engine manufactured and imported by the company. Thanks to the deep involvement of Chinese suppliers and engineers, the R&D work for Twingo was successfully completed in less than two years.

As early as November, Reuters reported that Renault had halted plans to jointly develop rare earth-free high-efficiency motors with the French company Valeo and was considering introducing more competitively priced Chinese suppliers. The specific plans for the production of the new small engine were first disclosed by the French automotive media "Argus."

According to a statement released by the CGT union after listening to management's briefing last week, Renault plans to use its Cléon plant in northern France as the assembly base for the new engine. This plant is expected to launch a brand new production line in early 2027, specifically for the production of this entry-level engine, with a target annual output of up to 120,000 units.

Global automakers are facing increasing pressure from manufacturing and technology costs, prompting Ford (F.N) to partner with China's Geely (GEELY.UL). According to eight individuals familiar with the negotiations, both parties are exploring the establishment of a potential partnership.

In terms of specific cooperation, three informed sources pointed out that both parties are discussing allowing Geely to utilize Ford's manufacturing facilities in Europe for vehicle production in the region. Furthermore, according to two individuals knowledgeable about the negotiations, discussions are also addressing the potential for sharing automotive technologies, including frameworks for autonomous driving technology.

Two sources believe that the negotiations regarding production in Europe are currently the most advanced. According to informed sources, high-level interactions between both parties have been quite frequent: following the meeting between Geely executives and Ford leadership in Michigan last week, Ford also sent a delegation to China this week to further advance discussions.

Five sources who wished to remain anonymous due to the confidential nature of the discussions revealed that the contact between Ford and Geely has actually been ongoing for several months. However, Reuters has not yet been able to ascertain the full scope of the negotiations, nor is it clear whether an agreement can ultimately be reached, including whether agreements involving the U.S. market are being considered.

In response to this matter, Geely declined to comment. Ford responded that they engage in discussions with many companies on various topics, and these contacts sometimes yield results, while other times they do not.

If this deal is finalized, it will help Ford catch up with global competitors in the fields of connected vehicle technology and autonomous driving, which are also key areas of focus for Tesla and Chinese automakers. Ford CEO Jim Farley has consistently emphasized the need for the company to close the competitive gap with China. In an interview at last year's Aspen Ideas Festival, Farley admitted that China's global leadership in electric vehicles and connected vehicle technology is one of the most humbling experiences of his career.

The current diplomatic situation can be described as tumultuous. Just as the United States strengthens its military deployments in the Middle East and regional tensions escalate, Iran has proposed new adjustments to the meeting originally scheduled for this Friday in Istanbul, Turkey. Tehran not only advocates moving the location of the bilateral contact with the United States to Oman but also explicitly demands that the negotiation topics be strictly limited to nuclear issues. This temporary change regarding the meeting location and agenda undoubtedly adds more uncertainty to the already challenging diplomatic mediation efforts.

According to a report by Reuters, which has been confirmed by the U.S. military, a military confrontation occurred on Tuesday in the Arabian Sea. An Iranian Shahed-139 drone was shot down by the U.S. Navy due to aggressive approaching behavior.

U.S. Central Command spokesman, Navy Captain Tim Hawkins, detailed the situation at the time. He pointed out that the drone was flying towards the USS Abraham Lincoln aircraft carrier with unclear intentions. To ensure the safety of the carrier and its personnel, an F-35C fighter jet onboard the carrier was launched and shot down the drone as a defensive measure.

At the same time this military friction occurred, diplomatic efforts were being made to arrange nuclear negotiations between the U.S. and Iran. Meanwhile, as U.S. warships moved towards Iran, President Donald Trump issued a stern warning that bad things could happen if the two sides could not reach an agreement.

The market reacted quickly to this breaking news, with oil futures prices rising by more than $1 per barrel as a result.

In response to this incident, reactions from Iran varied. The Iranian mission to the United Nations declined to comment on the matter. However, the Iranian Tasnim News Agency reported that a drone indeed lost contact in international waters, although the agency did not specify the exact reason for the loss of contact.

Responding to the Global Chip Shortage: Changxin and Yangtze Memory Technologies Launch Historic Expansion Moves

On February 3rd, according to reports from Nikkei Asia, given the current extreme shortage of global memory chip supply, two leading Chinese memory chip companies, Changxin Memory and Yangtze Memory Technologies, are seizing an excellent opportunity to catch up with industry giants and have begun implementing the largest expansion strategy in history.

Insiders revealed that as the leader in the domestic dynamic random access memory (DRAM) sector, Changxin Memory is committed to the expansion of its Shanghai base, with expected new capacity reaching two to three times that of its Hefei headquarters. Relevant internal sources pointed out that the company's factories in Beijing and Hefei are currently operating at full capacity, and in response to the extremely strong demand from domestic enterprises, the company hopes to enhance capacity supply as quickly as possible. Meanwhile, domestic NAND flash giant Yangtze Memory Technologies, located in Wuhan, is also taking active steps to build a third factory locally, with plans to officially begin production in 2027.

Multiple industry executives analyzed that this expansion action will focus on meeting domestic market demand. Although neither company has commented so far, Japanese media analysis indicates that the current supply shortage is expected to continue, providing Chinese enterprises with a crucial development window. By filling supply gaps in mid-range markets such as smartphones and automobiles, companies can not only achieve considerable profits but also accelerate their pace in catching up in high-end technology fields.

Regarding the wind power operations of China Goldwind Technology in the European market, the EU has officially launched a detailed subsidy review process. The EU pointed out that this investigation aims to verify whether Goldwind Technology has received multiple forms of support, including loan financing, tax reductions, and direct subsidies, as the EU is concerned that these potential preferential treatments may distort market competition.