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At the beginning of 2026, the public fund market experienced a "good start" for the New Year, with the number and scale of new issuances reaching their highest levels in nearly four years. The issuance of active equity funds is clearly booming. Equity products dominate fund issuance, and fundraising is rapidly shifting toward equity assets. The head effect is significant, and small fund companies need to pursue a differentiated approach.

Recently, the commercial spaceflight concept has been gaining popularity, with related companies' stock prices frequently fluctuating, attracting regulatory attention. The Shanghai Stock Exchange issued regulatory warnings to companies like Digital Electric Power and Hangxiao Steel Structure due to inaccurate information disclosure and insufficient risk warnings. Several listed companies subsequently released risk alert announcements, emphasizing their limited contribution to related businesses, and reminding investors to stay vigilant to avoid risks from irrational speculation.

China Southern Power Grid Energy Storage Co., Ltd. plans to invest 7.379 billion yuan to build the Guangdong Xinfeng pumped-storage hydropower station with an installed capacity of 1.2 million kilowatts. This project will strengthen the company's core competitiveness, but its impact on current revenue and profits will be limited and is subject to approval by the shareholders' meeting.

Ningyin Wealth Management announced that its wealth management product Ningyin Wealth Management Jiaoyue Flexible Stable Return Structured Closed-end Wealth Management Product No. 197 will mature early, with the new maturity date set for March 18, 2026. Because the knock-out condition was met on the observation date (March 16, 2026), the product will mature early.

As an emerging industry in our country, the low-altitude economy is progressing toward scale and standardization. The government has issued guidelines for the construction of a low-altitude economy standard system, aiming to establish 300 internationally compatible industry standards by 2030 to support safe and healthy development. Listed companies can rely on this system to clarify R&D pathways and enhance competitive advantages. Leading companies like SF Express are actively promoting the construction of low-altitude logistics networks to accelerate industry growth. Future policy support will further improve, and the low-altitude economy is expected to become a new engine for economic growth.

The "2025 China Private Equity Investment Industry Observation Report" released by Zhizhong ZERONE indicates that in 2025, there will be 9,319 institutional LP investments nationwide, with a committed amount of 1.8243 trillion yuan, showing a market rebound. Contributions from the government, major funds, and local state-owned assets reached new highs. State-owned enterprises and listed companies also performed actively, with particular focus on emerging fields such as artificial intelligence. Financial institutions increased their investments by 20% year-on-year, becoming a highlight in the fundraising market.

The China Securities Regulatory Commission has issued the "Guidelines for Performance Benchmarks of Publicly Offered Securities Investment Funds," emphasizing the selection and use of performance benchmarks, protecting investors' rights and interests, and will be implemented starting in 2026. The guidelines require fund managers to improve internal controls, strengthen external supervision, and enhance regulation.

Xianhui Technology announced that, as of November 19, 2025, the company has received a total contract amount of approximately 945 million yuan from CATL, which is expected to have a positive impact on the 2025-2026 performance. The company focuses on intelligent manufacturing equipment and has been cooperating with CATL since 2019. The contract amounts from 2022 to 2024 have increased significantly and have also contributed noticeably to revenue growth.

According to disclosures from the Beijing, Shanghai, and Shenzhen stock exchanges, last week (January 12-16), six companies appeared before the review committees, with no new companies accepted; five IPOs submitted for registration, three IPO registrations approved, and two new stocks listed.
Meanwhile, this week (January 19-23), six companies will appear before the review committees, one new stock will be listed, and three new stocks are scheduled for subscription.
1. IPO Review and Registration Progress
6 reviewed, 5 approved, Xinseng Technology's Beijing Stock Exchange IPO temporarily suspended
Last week, six IPOs appeared before the review committees. Except for Xinseng Technology, which was temporarily suspended from review, Gaote Electronics, Lianxun Instruments, Tianhai Electronics, Ruiling Jinda, and Zhongke Yi all successfully passed the review.
Xinseng Technology specializes in the research, development, production, and sales of computer embroidery machines. In the first three quarters of 2025, it achieved revenue of 1.044 billion yuan, a year-on-year increase of 44.48%; net profit attributable to the parent increased by 105.

BlackRock Jianxin Wealth Management disclosed on March 18, 2023 the fundraising information for its 25th USD fixed income wealth management product. The fundraising period runs from March 18 to March 24, 2026, with a minimum subscription amount of 1 USD. The product size cap is 30 million USD, with a risk rating of R1 (low risk), a term of 364 days, and a performance benchmark of 3.25% annualized. Investment requires caution.

As of February 1, 125 listed companies on the Beijing Stock Exchange have disclosed their 2025 performance forecasts, with 76 expecting profits, demonstrating performance differentiation. Companies in high-end manufacturing, digital economy, and other sectors have shown significant growth, while some industries face pressure. For example, companies like Hongyu Packaging and Haineng Technology have doubled their performance, indicating strong resilience. Overall, listed companies on the Beijing Stock Exchange exhibit differentiated growth across various sectors.

In 2026, private equity funds performed well overall, with 85.04% of 12,270 products achieving positive returns, and an average return rate of 6.89%. Equity strategy funds demonstrated the strongest performance, with positive returns accounting for 84.47%. Multi-asset strategies and fund-of-funds also performed well, while bond strategies remained stable with lower returns. Futures strategies showed divergent performance due to market volatility.

The mutual fund market continues to expand in scale and has become an important channel for investors. The industry focuses on protecting investor rights while addressing issues such as short-term performance evaluation. Bank of China Fund enhances customer experience through online and offline education and complaint mechanisms, and will deepen digital empowerment and suitability management in the future to promote compliant development.

On November 24th, the cryptocurrency market generally rose, with Bitcoin reaching $87,000. Industry experts warn of high market volatility and emphasize the need to monitor the effectiveness of the $80,000 support level. There are disagreements within the Federal Reserve regarding a rate cut in December, with some officials supporting a cut and others opposing it, drawing market attention.

Shanghai Rural Commercial Bank released the Xin'an Li closed-end 26029 RMB wealth management product with a fundraising period from March 18-24, 2026, a minimum investment of 10,000 yuan, maximum scale of 2 billion yuan, a term of 450 days, medium-low risk level, Class A annualized benchmark of 1.80%-2.85%, and Class B of 1.85%-2.90%.

Data from the Beijing Commerce Bureau shows that since 2021, Beijing has attracted over 4,600 flagship stores, cultivated multiple premiere centers and live commerce bases, and driven innovation and upgrading of consumption models. The article also detailed rapid consumption growth in cultural tourism, sports, health and other sectors, as well as commercial district transformation, emphasizing the convergence of international brands and the flourishing development of local brands. Beijing will continue to deepen reforms and promote consumption and the construction of an international consumption center city.

Bank of Beijing Wealth Management announced that its Jinghua Foresight Xinyi Yingjin No. 34 wealth management plan will terminate on April 22, 2026. Due to changes in market conditions, it cannot continue to operate according to the original investment strategy in order to protect investor rights.

Chengdu Bank announces that Huang Jianjun has been approved to serve as a director, chairman, and member of related committees of the company, with approval from the Sichuan Financial Regulatory Bureau.

In the tide of the times, women are anchoring their life coordinates with multiple identities. They are warriors overcoming obstacles in the workplace, warm and resilient havens at home, and tireless seekers of self-worth. However, amidst changing roles and the passage of years, anxiety and unease often follow like a shadow—career ceilings, reproductive choices, family responsibilities…
Sun Life Beijing Branch Senior Marketing Manager Han Xuesong
While most people try to find "a sense of security" in various ways, there is a group that chooses to become the messengers of "security." They are insurance agents, a group that uses professionalism and empathy to turn uncertain risks into assured peace of mind and dignity. On the occasion of International Women’s Day, we approach Han Xuesong, a senior marketing manager at Sun Life Beijing Branch, who has been deeply engaged in this industry for over ten years.
Since stepping into Sun Life in 2011, she has accumulated numerous accolades and achievements.