Group 1 - The core event showcased the FIFA World Cup trophy, the Jules Rimet Cup, in Qingdao, highlighting the intersection of technology and sports through Hisense's specially designed refrigerators for the 2026 World Cup [1][2] - Hisense presented three models of refrigerators: the Hisense Brilliant Vacuum First-Class 501, the Hisense Brilliant Vacuum First-Class 650, and the Hisense Big Mint 509, emphasizing their innovative vacuum preservation technology [2][4] - The vacuum preservation technology creates a sealed environment that prevents oxidation and inhibits enzyme activity, achieving superior freshness, as demonstrated by the 7-day storage test of beef in the Hisense Brilliant Vacuum First-Class 501 refrigerator [2][4] Group 2 - Hisense refrigerators are leading the vacuum preservation market in China, with sales data from Aowei Cloud Network indicating they hold the top position in 2024 [4] - Internationally, Hisense refrigerators ranked first in sales across 13 countries, including Canada, France, and Mexico, and achieved dual victories in markets like the Czech Republic and South Africa [4] - The exhibition linked the pursuit of peak performance in sports with the need for maintaining food freshness, reinforcing the brand's commitment to high-quality and healthy living through technological innovation [4]

转自：新华财经 12月21日9时5分，由中国能建安徽电建二公司承建的内蒙古能源集团金山热电厂2×100万千瓦机组煤电联营扩建 工程5号机组，顺利通过168小时满负荷试运行。 该项目位于内蒙古呼和浩特市土默特左旗毕克齐镇，建设2台100万千瓦高效超超临界空冷燃煤供热机组。安徽电 建二公司承担范围包括2座196米空冷塔、1座210米双钢内筒烟囱工程。自开工以来，该公司项目团队面对复杂的 地质条件和艰巨的技术挑战，紧紧围绕核心节点有序推进各项工作，积极主动开展技术攻关，科学优化施工方 案，全力以赴完成建设任务，为机组顺利试运行提供了坚实保障。 该项目作为内蒙古自治区重点能源工程，承载着保障区域能源安全与推动绿色转型的双重使命，是内蒙古落实国 家"双碳"目标的关键基础设施。项目建成投产后，预计可实现年发电量100亿千瓦时，供热面积5000万平方米，每 小时可向呼和浩特市城区输送1200吨工业蒸汽，并与金山热电厂一期、二期实现能源集约、多轮驱动，打造绿 色、创新、协同发展的综合能源基地，对助力呼和浩特市招商引资、促进地区人口就业、带动地区经济社会发展 和打赢大气污染防治攻坚战均具有重要作用。（耿新宇） 编辑：赵鼎 ...

转自：新华财经 新华财经上海12月22日电（记者杜康）记者获悉，通用人工智能（AGI）公司MiniMax（稀宇科技）已 于21日正式在港交所刊发聆讯后资料集（PHIP），这意味着公司已通过港交所聆讯，距离正式上市仅 一步之遥。 业务规模方面，截至2025年9月底，MiniMax已拥有逾2.12亿名个人用户，覆盖超过200个国家和地区； 企业客户数超13万家。目前，公司已构建起覆盖文本、语音、视频的全模态产品矩阵，旗下产品包括海 螺AI（Hailuo AI）、Talkie和星野等。 在技术研发上，公司披露了多项模型进展。其2025年10月发布的文本大模型MiniMax M2，在第三方评 测机构Artificial Analysis榜单中位列全球前五。在视频生成领域，其Hailuo-02模型在同类评测中位列全 球第二。 招股书还披露了公司的人员构成与资本效率。截至今年9月底，MiniMax员工总数为385人，其中研发人 员占比近74%，平均年龄29岁。据统计，公司成立至今累计投入约5亿美元。 目前，MiniMax已获得包括米哈游、阿里巴巴、腾讯、高瓴、红杉中国等多家机构投资。 编辑：葛佳明 招股书数据显示，Min ...

| 上周公募调研次数排名前十 A 股 | | | | --- | --- | --- | | A 股简称 | 申万一级行业 | 被调研次数 | | 长安汽车 | 汽车 | ୧୯ | | 英通线缆 | 电力设备 | 37 | | 品红 | 医药生物 | 35 | | 博盈特焊 | 机械设备 | 29 | | 神工股份 | 电子 | 29 | | 興比中光 | 車子 | 20 | | 景嘉微 | 国防军工 | 18 | | 本钢板材 | 钢铁 | 15 | | 永鼎股份 | 通信 | 14 | | 天康生物 | 农林牧渔 | 13 | | 数据整理自:公募排排网,统计周期 2025年 12月15日-12 月 21 日,以上内容不构成 | 股票推荐或投资建议,短期个股业绩不代表未来表现,亦不代表基金必然投资方向。 | | 转自：新华财经 新华财经上海12月22日电（林郑宏）年末公募快马加鞭赶调研，前瞻布局2026年投资主线。据公募排排 网数据显示，上周（2025年12月15日-12月21日）120家公募机构合计开展A股调研达545次，调研范围 覆盖到23个申万一级行业中的89只个股，展现出公募机构对市场机会的深度挖 ...

Market Overview - The market showed a strong performance in the early session, with the Shanghai Composite Index recovering above 3900 points, closing at 3915.20 points, up 0.64%, with a trading volume of 503.1 billion yuan [1] - The Shenzhen Component Index closed at 13318.80 points, up 1.36%, with a trading volume of 682.8 billion yuan, while the ChiNext Index closed at 3178.51 points, up 1.80%, with a trading volume of 308.7 billion yuan [1] Sector Performance - The Hainan Free Trade Zone, precious metals, and computing hardware sectors saw significant gains, while the pharmaceutical retail, film and television, and banking sectors experienced declines [1] - The Hainan Free Trade concept stocks surged, with nearly 20 stocks hitting the daily limit, including Haikou Transport Group and Hainan Ruize [2] - The commercial aerospace concept stocks also showed strength, with Shenjian Co. and Beidou Xingtong hitting the daily limit [2] - Semiconductor equipment stocks rose, with multiple stocks, including Tuojing Technology, reaching historical highs [2] Institutional Insights - The overall A-share market is expected to remain in a volatile digestion pattern, with structural opportunities still present. Policies from the Central Economic Work Conference are gradually being implemented, supporting market stability [3] - The pace of profit recovery remains slow, and with diverging overseas monetary policies, market risk appetite is unlikely to rise significantly in the short term [3] - The market is expected to maintain a rotational characteristic, with limited sustainability in single main lines. Sectors such as consumption, pharmaceuticals, and certain service industries are seen as having stage-specific allocation value [3] - A classic "cross-year-spring" market trend is emerging, with expectations of accelerated central budget investments and significant institutional investors increasing holdings in broad-based ETFs [4] - Key sectors to focus on include cyclical industries, particularly industrial metals, non-bank financials, and hotel aviation, along with domestic computing, commercial aerospace, and controllable nuclear fusion [4] Commodity Insights - Spot platinum prices have risen above $2000 per ounce for the first time since 2008, currently trading at $2002.3 per ounce, reflecting a year-to-date increase of over 120% [5] Policy Developments - Guangzhou's 14th Five-Year Plan emphasizes deepening cooperation in the horse racing industry and constructing an economic circle around it, alongside enhancing technological innovation collaboration with Hong Kong and Macau [6]

转自：新华财经 从地域来看，今年以来江苏有25只新股上市，数量居各省份之首；广东以19只新股居第二，浙江以15只新 股居第三。三者相加，新增上市公司数量占今年上市新股的一半以上，达到56.19%。 2025年，A股IPO发行市盈率创近五年新低。分析人士称，在"827"新规、新"国九条"等政策的影响下，近两 年新股发行市盈率持续明显下滑，逐渐回归理性。 展望2026年A股IPO市场，德勤预计，2026年A股资本市场将延续2025年态势，新股受理及发行持续实现常 态化。 新华财经北京12月22日电（丁晶）2025年度即将收官。回顾今年以来IPO市场，2025年，A股IPO市场交出 了一份亮眼的成绩单，今年A股新股延续了"零破发"的态势，赚钱效应明显，打新收益创三年新高。同时， 港股夺得年度全球融资额冠军已毫无悬念，有8只新股每只融资额超过100亿港元。 统计显示，A股年内已上市的106只新股，合计募集资金1220亿元。首日平均涨幅达到257.17%，为近三年来 最佳表现。中签投资者在股票上市首日，回报率超发行价两倍半。 | 证券代码 | 证券简称 | 上市日期 | 上市首日张跌幅 | 首发募集资金 | 所属申万行 ...

Core Insights - The event titled "Data AI New Scene Release Conference" was successfully held in Hohhot, focusing on the theme of "Digital Transformation and Integration of Data and Reality" to promote the deep integration of the digital economy with the real economy [1] Group 1: Event Overview - The conference was organized by the Inner Mongolia Autonomous Region's Government Service and Data Management Bureau and the Hohhot Municipal Government, with over 130 participants from various sectors [1] - Keynote speeches were delivered by officials from the Inner Mongolia government and a representative from Beijing Zhongguancun Zhiku Innovation Talent Service Co., Ltd [1] Group 2: Data and AI Initiatives - A total of 19 demonstration scenarios for public data and 50 supply-demand scenarios in the field of artificial intelligence were released during the event [1] - The event featured a signing ceremony for "Artificial Intelligence+" scenarios, resulting in partnerships between 8 companies [1] Group 3: Future Plans - Inner Mongolia aims to leverage its rich application scenarios to build integrated industry-specific scenarios and high-value niche scenarios, promoting the synergy of green computing power, data, artificial intelligence, and industrial applications [2] - The region aspires to become a "best testing ground" for new technologies and models, contributing to the modernization of Inner Mongolia [2]

转自：新华财经 新华财经上海12月22日电（葛佳明） 中国外汇交易中心公布数据显示，12月19日当周三大人民币汇率指数全线上涨，CFETS人民币汇率指数报97.88，按周 涨0.17；BIS货币篮子人民币汇率指数报104.56，按周涨0.28；SDR货币篮子人民币汇率指数报92.36，按周涨0.17。 多位分析师表示，得益于季节性等因素支撑，人民币展现出较强的升值动能。由于人民币对非美货币同样表现较强，人民币对一篮子货币持续小幅升值。 中金公司研究部外汇研究首席分析师李刘阳表示，近期中间价与即期汇率一齐升值，但前者升幅明显偏向温和，逆周期因子从此前的引导中间价持续强于即 期汇率，转变为减缓中间价升值速率，使其持续弱于即期汇率。 "中间价与即期汇率的偏离压力或源于人民币汇率稳定而持续的升值趋势，美元指数与人民币的相关性降至逾5年低点，目前仍在持续走低。"李刘阳认为， 这或凸显出年末之际，在季节性等因素的支撑下，市场对人民币升值预期较为稳固，当前人民币期权市场的隐含波动率持续在年内低点徘徊。 | 指数名称 | 当日指数 | | --- | --- | | CFETS人民币汇率指数 | 97.88 | | BIS货 ...

Core Viewpoint - The central bank has resumed 14-day reverse repos to release year-end liquidity, maintaining stability in the money market, while short-term interest rates strengthen under expectations of loose monetary policy [1] Market Overview - The bond market saw fluctuations with the yield curve steepening, as the 10-year government bond yield decreased by nearly 1 basis point (BP) and the 30-year yield fell by over 2 BP during the week [1] - The yields for various maturities changed as follows: 1-year (-3.32 BP), 2-year (-1.99 BP), 3-year (-2.2 BP), 5-year (-2.58 BP), 7-year (-1.52 BP), 10-year (-0.88 BP), and 30-year (-2.35 BP) [2][3] Bond Market Dynamics - The bond market experienced a recovery mid-week after initial declines, with the 10-year government bond yield dropping to 1.836% [2] - The 30-year bond contract saw a slight increase of 0.02% over the week, while the 10-year and 5-year contracts rose by 0.14% each [5] Issuance in Primary Market - A total of 35 bonds were issued last week, amounting to 376.13 billion yuan, including 4 government bonds worth 296.04 billion yuan [7] - For the upcoming week, 8 bonds are planned for issuance, totaling 150.04 billion yuan, with 2 government bonds worth 148 billion yuan [7] International Bond Market - U.S. Treasury yields fell overall, with the 10-year yield down by 3 BP to 4.16% and the 2-year yield down by 4 BP to 3.48% [8] - In Japan, the central bank raised interest rates to 0.75%, leading to a sell-off in government bonds, with the 10-year yield reaching its highest level since 1999 at 2.023% [8] Economic Indicators - In November, the U.S. consumer price index (CPI) rose by 2.7%, lower than expected, which has increased bets on potential interest rate cuts by the Federal Reserve [10] - The U.S. unemployment rate rose to 4.6%, the highest since October 2021, indicating a weakening labor market [11] Institutional Perspectives - Analysts suggest that the bond market is currently in a consolidation phase, with expectations of continued monetary easing and potential trading opportunities emerging in the first quarter of the following year [15] - The market is characterized by high volatility, driven by differing behaviors of institutional investors and trading desks, with ongoing concerns about supply pressures and regulatory changes [16]

Group 1 - The People's Bank of China (PBOC) conducted a 673 billion yuan 7-day reverse repurchase operation at an interest rate of 1.40%, maintaining the previous level, resulting in a net withdrawal of 636 billion yuan due to 1,309 billion yuan of reverse repos maturing on the same day [1] - In the week of December 15-19, the central bank's net withdrawal from 7-day and 14-day reverse repos totaled 110 billion yuan, while it conducted a 6-month reverse repo operation of 6,000 billion yuan, exceeding the planned amount by 2,000 billion yuan, indicating a supportive liquidity environment [1] - The PBOC's actions on December 18-19 through 14-day reverse repos aimed to ease market concerns about year-end liquidity, contributing to expectations of continued monetary easing [1] Group 2 - The upcoming week (December 22-26) will see a decrease in the 7-day reverse repo maturity scale to 4,575 billion yuan, with government bond net payments expected to rise to 3,666 billion yuan, primarily concentrated on Monday and Thursday [2] - The liquidity in the banking system is expected to remain ample, with the potential for continued easing, particularly if the average DR001 for December can drop below 1.3%, indicating the central bank's intent for substantial easing [2] - Analysts suggest that the disturbances in the funding market are primarily due to year-end pressures and government bond payments, with expectations that the MLF's regular rollover on December 25 may alleviate some of the payment pressures [2] Group 3 - The Loan Prime Rate (LPR) for one year remains at 3.0% and for five years at 3.5%, unchanged for the seventh consecutive month, with expectations for potential interest rate cuts in the first quarter of 2026 to stimulate domestic financing demand [3] - The current low inflation levels provide sufficient room for monetary policy to adopt a moderately accommodative stance, including potential interest rate cuts, especially following the Federal Reserve's recent rate adjustments [3] Group 4 - The likelihood of a rate cut in December is considered low, as recent statements from the central bank have not indicated a strong signal for broad monetary easing, focusing instead on maintaining low financing costs [4] - Historically, the central bank is less likely to cut rates at year-end, with more frequent cuts occurring in the first quarter of the following year, as policymakers prefer to create a positive outlook at the start of the new year [4] - Current pressures on banks' liabilities and rising deposit rates suggest that the probability of a rate cut is low, despite indications of easing in short-term interest rates [4]