Core Viewpoint - The introduction of the "Guidelines for Performance Comparison Benchmarks of Publicly Offered Securities Investment Funds" and the "Operational Details for Performance Comparison Benchmarks" aims to enhance the constraints of performance benchmarks, curtail "style drift" in funds, and shift the industry focus from "scale competition" to "capability competition," thereby promoting high-quality development in the public fund industry [2][3][19]. Group 1: Impact on Fund Industry - The new guidelines will clarify product positioning, addressing issues of fund homogeneity by ensuring that thematic funds align with corresponding industry indices and that multi-asset funds reflect cross-market allocation characteristics [5][10]. - The guidelines encourage a more stable investment behavior among fund managers, emphasizing long-term performance over short-term trends, which is expected to improve the overall investment experience for investors [5][6]. - The introduction of a multi-dimensional constraint system involving internal controls, independent supervision, and performance evaluation linked to benchmarks will enhance accountability and professionalism within the industry [4][6][19]. Group 2: Challenges in Implementation - Fund managers may face challenges in aligning their investment strategies with the new benchmarks, particularly in balancing short-term volatility with long-term assessments and ensuring effective inter-departmental collaboration [7][8]. - The transition to a new performance evaluation and compensation mechanism may require significant adjustments in the existing frameworks, necessitating a deeper understanding of benchmarks and enhanced risk control models [7][22]. Group 3: Establishment of Benchmark Library - The establishment of a benchmark library, which includes 69 indices in the first category and 72 in the second, aims to standardize the selection of performance benchmarks for new funds, facilitating compliance with the new regulations [11][10]. - The guidelines encourage the use of representative and transparent benchmarks, ensuring that fund managers select benchmarks that accurately reflect their investment goals and strategies [12][13]. Group 4: Long-term Development and Investor Trust - The new regulations are expected to foster a culture of long-term investment and stability in fund performance, enhancing investor trust and improving the overall perception of public funds [14][15][20]. - By linking performance evaluation to long-term benchmark performance, the guidelines aim to mitigate the risks associated with style drift and ensure that fund managers focus on sustainable value creation [16][21].

辞去上述职务后，周炜不再是卫宁健康董事、监事、高级管理人员，但继续在公司担任顾问，另仍担任 公司全资子公司卫宁互联网科技有限公司执行董事、上海卫宁软件有限公司执行董事。 11月8日，卫宁健康董事会同意选举公司主要创始人之一刘宁担任公司第六届董事会董事长。根据卫宁 健康《公司章程》的相关规定，董事长为公司法定代表人。 11月5日，卫宁健康收到全资子公司深圳卫宁中天软件有限公司（以下简称卫宁中天）和周炜家属的通 知，卫宁中天和周炜已于当日收到广东省茂名市电白区人民法院签发的《刑事判决书》，卫宁中天犯单 位行贿罪，判处罚金八十万元；被告人周炜犯单位行贿罪，判处有期徒刑一年六个月，并处罚金二十万 元。 【导读】刘宁接任卫宁健康董事长 该判决为一审判决，尚未生效。被告单位及被告人均决定就上述判决向广东省茂名市中级人民法院提起 上诉。 在实际控制人、原董事长周炜因行贿被一审判刑之后，卫宁健康迎来了新任董事长刘宁；同时，31岁的 周炜之子周成，被提名为非独立董事候选人。 周成被提名为非独立董事候选人 刘宁接任董事长 与此同时，卫宁健康董事会通过了《关于提名公司第六届董事会非独立董事候选人的议案》，公司董事 会同意提名周炜之 ...

【导读】刘宁接任卫宁健康董事长 中国基金报记者 卢鸰 在实际控制人、原董事长周炜因行贿被一审判刑之后，卫宁健康迎来了新任董事长刘宁；同时，31岁的 周炜之子周成，被提名为非独立董事候选人。 刘宁接任董事长 卫宁健康于11月9日公告，公司董事会于近日收到董事长周炜的书面辞职报告，周炜因个人原因，申请 辞去公司第六届董事会董事长（董事）、董事会提名委员会委员、法定代表人等职务。 辞去上述职务后，周炜不再是卫宁健康董事、监事、高级管理人员，但继续在公司担任顾问，另仍担任 公司全资子公司卫宁互联网科技有限公司执行董事、上海卫宁软件有限公司执行董事。 11月8日，卫宁健康董事会同意选举公司主要创始人之一刘宁担任公司第六届董事会董事长。根据卫宁 健康《公司章程》的相关规定，董事长为公司法定代表人。 11月5日，卫宁健康收到全资子公司深圳卫宁中天软件有限公司（以下简称卫宁中天）和周炜家属的通 知，卫宁中天和周炜已于当日收到广东省茂名市电白区人民法院签发的《刑事判决书》，卫宁中天犯单 位行贿罪，判处罚金八十万元；被告人周炜犯单位行贿罪，判处有期徒刑一年六个月，并处罚金二十万 元。 该判决为一审判决，尚未生效。被告单位及被告人 ...

【导读】兴业银行全资子公司兴银投资获准开业，注册资本为100亿元 中国基金报记者 晨曦 首家股份行AIC，来了！ 11月9日下午，兴业银行发布公告称，其全资子公司兴银金融资产投资有限公司（以下简称兴银投资） 获准开业。 兴业银行称，其于2025年11月7日收到《国家金融监督管理总局关于兴银金融资产投资有限公司开业的 批复》（金复〔2025〕638号），国家金融监督管理总局已批准其全资子公司兴银投资开业。 根据该批复，兴银投资注册资本为人民币100亿元，注册地为福建省福州市。后续兴银投资将依照有关 规定办理开业手续。 兴业银行表示，兴银投资开业，标志着该行在服务国家战略、赋能实体经济的道路上迈出了关键一步。 对于后续发展，兴业银行称，兴银投资将依托专业化、市场化的债转股及相关业务，加大支持科创企业 与民营企业，通过优化企业资本结构，有效降低杠杆率，精准服务新质生产力，为实体经济注入高质量 发展新动能。 回顾来看，兴业银行发起设立兴银投资的进程颇为不易。早在2018年12月，兴业银行就曾宣布，拟出资 100亿元投资设立兴银投资，主要从事银行债权转股权及配套支持业务。兴业银行称，设立兴银投资是 该行为积极响应中央号 ...

来源：央视新闻 （原标题：突发！山东威海海域两船相撞致8人失联） 记者从山东海事部门获悉，11月9日5时许，威海市海上搜救中心接报：一艘上海籍商船与一艘辽宁籍渔 船在成山头东约3.5海里处发生碰撞，渔船沉没，商船状态正常。经查询，涉事渔船出港登记9人。威海 市海上搜救中心立即协调有关方面，组织专业救助船、救助直升机以及附近商船、渔船进行搜救。截至 11月9日14时，1人被救起，生命体征平稳。目前搜救工作仍在紧张进行。 ...

Group 1: Institutional Research and Market Trends - Institutional research activity remains high, with 418 listed companies disclosing investor research records as of November 7, unchanged from the previous week [1] - Companies such as Anji Technology, Trina Solar, and Tongyu Communication received over a hundred institutional visits, focusing on Q3 performance, Q4 opportunities, and the implications of the 14th Five-Year Plan [1] - Nearly 50% of companies that were researched reported positive returns, with notable stock price increases around 30% for companies like Longda Co., CITIC Metal, and Changbao Co. [1] Group 2: R&D Investment Trends - Companies are increasingly focusing on R&D investments as a key indicator of future growth, with significant increases noted in Q3 reports [3] - Qichuang Data reported a 36.3% increase in R&D spending to 230 million yuan, primarily for upgrading computing service platforms [3] - Yingstone Innovation also saw a rise in R&D and marketing expenses, attributed to custom chip development and strategic market adjustments [3] Group 3: Industry-Specific Opportunities - Petty Co. is enhancing its marketing efforts for the "Double Eleven" shopping festival, reporting a 30% increase in overall GMV [6] - Biotech company Botao Bio anticipates increased demand for flu virus testing as flu season approaches, having prepared inventory to meet market needs [6] - The SAF (Sustainable Aviation Fuel) market is experiencing price increases due to stricter regulations and rising demand, with companies like Haineng Technology reporting full order books for Q4 [7] Group 4: Strategic Planning and Policy Implications - Companies are aligning their strategies with the 14th Five-Year Plan, focusing on green hydrogen and energy solutions, as highlighted by China Energy Construction [9] - HNA Group is optimizing its fleet structure to ensure sustainable growth during the 14th Five-Year Plan period [9] - Jinzhou Pipeline noted a significant government investment of 5 trillion yuan for underground pipeline construction, which is expected to drive demand in the pipeline manufacturing industry [10]

来源：央视新闻客户端 乌克兰国家电力公司当天在社交媒体发文说，受空袭影响，乌克兰多个州实施紧急停电，工业用户继续 实施限电。 乌克兰国家电力公司8日宣布，9日全天包括基辅、第聂伯罗彼得罗夫斯克州、敖德萨州在内的乌大部分 地区将采取分时供电措施。此外，乌克兰中央能源公司称，目前该公司所有发电设施都已陷入瘫痪状 态。该公司指出，此次袭击俄方动用了数量空前的导弹和无人机，攻击目标是在2024年遭袭后重建的发 电厂。 乌克兰国家石油天然气公司当天在社交媒体发文说，本轮空袭是10月以来俄军对乌能源基础设施发动的 第九轮大规模袭击，乌克兰负责"提供天然气和供暖"的工业设施遭袭，生产设施受损。俄称在红军城打 击乌军乌称击退俄军进攻 俄国防部8日发布战报称，俄军继续打击红军城(乌方称波克罗夫斯克)中央区东部和西部工业区内的被 围乌军，清剿位于东南方向的格纳托夫卡和罗格居民点的乌军；俄军还挫败乌军向北突围的企图。在哈 尔科夫地区的库皮扬斯克，俄军继续攻击被围乌军，并击退乌军发起的两次解围进攻。 乌克兰武装部队总参谋部称，截至当地时间当天22时，俄军在波克罗夫斯克方向多地发起69次进攻，乌 克兰军队抵挡住了俄军攻势，部分地区的战 ...

（原标题：刚刚！商务部重磅公告） 来源：商务部网站 11月9日，商务部公告2025年72号发布： 经批准，自即日起至2026年11月27日，商务部公告2024年第46号（《关于加强相关两用物项对美国出口 管制的公告》）第二款暂停实施。 据此前介绍，商务部公告2024年第46号如下： 商务部公告2024年第46号 关于加强相关两用物项对美国出口管制的公告 根据《中华人民共和国出口管制法》等法律法规有关规定，为维护国家安全和利益、履行防扩散等国际 义务，决定加强相关两用物项对美国出口管制。现将有关事项公告如下： 一、禁止两用物项对美国军事用户或军事用途出口。 二、原则上不予许可镓、锗、锑、超硬材料相关两用物项对美国出口；对石墨两用物项对美国出口，实 施更严格的最终用户和最终用途审查。 任何国家和地区的组织和个人，违反上述规定，将原产于中华人民共和国的相关两用物项转移或提供给 美国的组织和个人，将依法追究法律责任。 本公告自公布之日起正式实施。 商务部 2024年12月3日 复牌来了！300131，收购半导体资产 ...

Core Insights - The signing of strategic procurement agreements worth 250 million RMB at the China International Import Expo marks a new high for the event, showcasing the company's commitment to strengthening the global supply chain [1][3]. - The company has transitioned from being a "purchaser" to a "global brand management ecosystem platform," emphasizing its role in promoting quality products from countries along the Belt and Road Initiative [3]. Group 1: Strategic Partnerships - The partners include both long-standing collaborators, such as the century-old Belgian biscuit brand Jules Destrooper, and new entrants like global snack giant Mondelēz, indicating a diverse and expanding network [5]. - The collaboration extends beyond traditional OEM procurement to include joint gift box development and co-creation of new products, reflecting a deeper level of partnership [5]. Group 2: Market Positioning and Consumer Trends - The company aims to address the increasing consumer demand for health-conscious and high-quality products, focusing on attributes like low sugar, low fat, and clean labels [6]. - In response to the competitive landscape, the company plans to emphasize quality-to-price ratio, distinguishing itself from brands that prioritize low pricing [5]. Group 3: Historical Context and Future Outlook - Since its debut at the Import Expo in 2018, the company has accumulated over 1.47 billion RMB in procurement, highlighting its growth trajectory [5]. - The company is committed to enhancing user experience by integrating global insights with its digital operational capabilities, aiming to meet evolving consumer preferences [5].

Core Insights - The article discusses the transformation of Lihua Science and Technology during the "14th Five-Year Plan" period, emphasizing its shift from a traditional incubator to a comprehensive enabler of technological innovation and industrial development [2][3]. Strategic Development - Lihua Science and Technology has clarified its strategic path, completing a restructuring that led to a "double first-class" development strategy and a model combining "technology innovation service industry + strategic emerging industries" [3]. - The company has exceeded its three-year performance commitments post-restructuring, evolving from a basic service provider to a systemic enabler of the national innovation system [3]. Industry Chain Enhancement - The company has improved the integration of innovation incubation, technology investment, and industrial cultivation, creating a closed-loop system [3]. - It has established the first concept verification and pilot test fund in the country, along with the first seed fund in Shenzhen, providing early-stage funding for innovative projects [4]. Focus on Hard Technology - Lihua Science and Technology has concentrated on hard technology sectors such as new-generation information technology, advanced manufacturing, new energy materials, and biomedicine, incubating nearly 2,000 companies and nurturing 8 listed companies during the "14th Five-Year Plan" [4][5]. Differentiation in Technology Investment - The company distinguishes its technology investment from general financial investment by focusing on the technology sector, employing scientific methods for investment, and providing systematic support post-investment [5]. - It aims to lock in and excavate the value of technology achievements through collaboration with research teams, forming a community of shared interests [5]. Evaluation Criteria for Early-stage Projects - When assessing early-stage hard technology projects, the company prioritizes the originality and barriers of technology, the comprehensive capabilities of the team, market feasibility of products, and synergy with its industrial ecosystem [6][9]. Overcoming the "Valley of Death" - Lihua Science and Technology has a high project survival rate and significant growth multiples due to its deep understanding of the internal rules of technology achievement transformation and a mature methodology [7][8]. - The company has built a professional team with expertise in technology, industry, investment, and enabling capabilities [7]. AI and Robotics Initiatives - The company has proactively engaged in early investments and explorations in AI and robotics, establishing the Shenzhen Moli AI Ecological Community to accelerate technology commercialization [9][10]. - It has partnered with top universities to recruit elite AI entrepreneurial teams and plans to set up a specialized industry fund for AI and robotics [9]. Future Growth Potential - The company sees potential in the batch and scale transformation of technology achievements, aiming to expand its business model and increase the number of projects receiving investment and incubation [11]. - It also aims to foster a proprietary industrial system in emerging fields such as AI, embodied robotics, and new materials through technology achievement transformation and innovation services [11].