他强调，我国有60万家左右进出口企业，相关就业人口约1亿，经济总量排名世界第二，进出口贸易排 名世界第一，经济已深度融入全球，外部"风高浪急"必然带来深刻影响。根本之策在于"苦练内功"，办 好自己的事。 "因此，近期中央经济工作会议将'扩大内需、建设国内大市场'置于明年任务首位，这正是夯实应对国 际变局基础、掌握国际经贸斗争主动权的关键。"他同时指出，在复杂的国际博弈中也要讲求策略， 要"敢于斗争、善于斗争"，善用自身优势与市场筹码，"认真研习比较优势，研习国际分工"。 本报（chinatimes.net.cn）记者卢梦雪 北京报道 12月12日，由华夏时报社主办的第十九届华夏机构投资者年会暨华夏金融（保险）科技论坛在北京成功 举办。 本届论坛以"活力与韧性 拓新与赋能"为核心主题，由中央财经大学数字经济融合创新发展中心、华夏 时报金融思想荟、华夏时报金融研究院联合提供智力支持，意在回应时代之问，凝聚发展共识，探寻未 来路径。 国务院参事室特约研究员、原国家统计局总经济师姚景源在会上作了主题演讲，他表示，"十五五"期间 我国外部环境已从"和平与发展"转向"动荡博弈"，必须处理好国际经贸斗争与国内经济工作的关系 ...

本报（chinatimes.net.cn）记者刘诗萌 北京报道 在"十五五"时期新型城镇化成为扩大内需重要抓手的背景下，县域经济将在2026年迎来新的发展机遇。 12月10日至11日，中央经济工作会议在北京举行。会议指出，明年经济工作在政策取向上，要坚持稳中 求进、提质增效，发挥存量政策和增量政策集成效应，加大逆周期和跨周期调节力度，提升宏观经济治 理效能。其中明确提到，要坚持内需主导，建设强大国内市场，深入实施提振消费专项行动，制定实施 城乡居民增收计划。 《华夏时报》记者注意到，早在2025年3月中办、国办发布的《提振消费专项行动方案》中就明确提到 要实行七大行动，其中包括城乡居民增收促进行动。不过作为"城乡居民增收计划"，此次这一新提法是 首次被写入了年末最重要的高层会议。 中诚信国际研究院院长袁海霞向《华夏时报》记者表示，此次会议明确提出"制定实施城乡居民增收计 划"，建议可以通过进一步提高最低工资水平、降低税赋、提高居民财产性收入等方式提高居民收入， 进一步释放消费潜能。 袁海霞也认为，一方面，通过调整完善个税体系，促进中等收入群体的消费能力与意愿，包括下调中低 档个税税率、延续并加大个税优惠政策力 ...

然而合作并未如期推进，12月8日海希通讯公告，因恒久丰德逾期未支付租金，根据双方签订的《生产 线租赁合同》相关条款约定，该违约行为构成海希浙江行使解除权的情形，恒久丰德应承担相应的违约 责任。基于对方尚未支付租金，同时基于公司产能需求，近日，海希浙江将《解除函（租赁）》送达恒 久丰德，自函告送达之日起解除《生产线租赁合同》。 次日晚间，*ST恒久也就上述事项发布公告，该公告中对于未按约支付租金，*ST恒久给出了理由，*ST 恒久称根据双方签订的《生产线租赁合同》约定，恒久丰德去验收海希浙江交付租赁的生产线，由于产 线部分设备需要技术改造，才能满足生产需要，所以恒久丰德未及时支付租金，同时海希浙江也未交付 租赁标的给恒久丰德使用。同时强调，根据合同约定，因海希浙江的原因，其交付的租赁标的不符合本 合同的约定，致使恒久丰德不能实现租赁目的的，恒久丰德有权解除合同，同时海希浙江应承担违约责 任。 对于双方说辞，《华夏时报》记者先后联络两家企业，截至发稿*ST恒久未对记者采访予以回应，而海 希通讯对于*ST恒久公告提及的产线不符合交付标准并不认同，相关工作人员回应表示："我们这边 （产线）是没有问题的，那边厂房（山东 ...

Core Viewpoint - The banking industry is intensifying credit card promotions and consumer loan activities to stimulate user spending as the "Double Twelve" shopping festival approaches, marking a shift from "scale expansion" to "quality cultivation" in banking operations [2][5]. Group 1: Credit Card Promotions - Major banks are launching various credit card discount activities across platforms like Taobao, JD.com, and Douyin, with specific offers such as discounts for spending thresholds [3][4]. - China Bank announced multiple promotions, including discounts for spending over 200 yuan on Taobao and JD.com, with potential savings reaching up to 188 yuan [3]. - Other banks, such as Zhejiang Merchants Bank, are offering unique promotions tailored to different spending scenarios, including significant discounts on food delivery and transportation services [3][4]. Group 2: Consumer Loan Incentives - Financial institutions are enhancing consumer loan offers, supported by national interest subsidy policies, to further activate consumer spending potential [6][7]. - Jianxin Consumer Finance is providing various incentives for new customers, including interest-free periods and random gift vouchers, to encourage borrowing [6]. - The national subsidy policy allows for a 1% interest rate reduction on personal consumption loans, effective from September 2025 to August 2026, covering various consumer needs [7]. Group 3: Market Dynamics and Strategy - The shift towards digital marketing and precise operations in the banking sector reflects a new phase in financial services, moving away from broad promotional strategies to targeted marketing [5]. - Analysts suggest that the collaboration with large platforms like JD.com allows banks to expand their reach without the need for building their own customer bases, facilitating a transition to managing the entire customer lifecycle [4][5]. - The ongoing asset scarcity and weak corporate loan demand are driving banks to focus on consumer loans, which have lower capital requirements and reduced risk weights, making them a strategic priority for maintaining net interest margins [7].

本报（chinatimes.net.cn）记者张智 北京报道 在政治局会议提出"继续实施更加积极的财政政策"基础上，12月10日至11日召开的中央经济工作会议， 对财政重点发力和政策方向做了进一步工作部署。 本次中央经济工作会议延续了"实施更加积极的财政政策"的提法。会议提出，保持必要的财政赤字、债 务总规模和支出总量，加强财政科学管理，优化财政支出结构，规范税收优惠、财政补贴政策。重视解 决地方财政困难，兜牢基层"三保"底线。 中泰证券研究所政策组首席分析师杨畅对《华夏时报》记者表示，这样的提法，表示"必选项"的宏观政 策或保持相对稳健。与此同时，会议延续了前期政治局会议"加大逆周期和跨周期调节力度"的相关表 述，也充分表明，在继续实施更加积极的财政政策和适度宽松的货币政策的基础上，还存在相机抉择的 可能性，一旦经济出现明显波动，通过增量政策实现逆周期和跨周期的调节，确保经济平稳运行。 远东资信研究院副院长、首席宏观研究员张林也对《华夏时报》记者表示，与去年会议"加大财政支出 强度"的表述不同，本次会议在表述口吻上相对弱化，预计2026年全国两会公布的预算赤字大概率仍为 4%，对应约5.9万亿元财政赤字，地 ...

利率下行趋势挤压了助贷平台的盈利空间。平台原本可覆盖坏账代偿的利润空间被压缩，盈利能力持续 承压。这一变化直接导致此前助贷平台向银行作出的"兜底承诺"失效，保障银行资金安全的合作难以落 地。有助贷机构对记者表示，模式调整后，自己所在的机构每季度利润将缩减几亿元。 本报（chinatimes.net.cn）记者付乐 北京报道 中国助贷行业历经十余年发展，已深度嵌入中国金融体系，成为不可或缺的组成部分。当前，正处在行 业格局交织的复杂背景下。随着"助贷新规"落地，曾帮助中小助贷平台对接银行资金的"兜底"模式难以 为继，行业加速从"重规模"向"重质量"转型。头部助贷机构凭借合规优势和技术能力占据合作主导地 位，中小平台被迫寻求转型，而中小银行则陷入优质客群争夺、高风险客群处置两难的困境，重建自主 风控体系成为全行业破局的关键。 "兜底"模式不再 回溯行业发展，"兜底"曾是中小助贷平台撬动资金的杠杆。这里的"兜底"，是指助贷平台向银行等资金 提供方作出承诺，对双方合作产生的坏账，也就是借款人出现逾期、无力还款等情况导致的资金损失， 由助贷平台承担全额或约定比例的代偿责任，以此保障银行的资金安全。 在监管政策尚未细化的 ...

Group 1 - The core point of the article is the significant increase in the stock price of Annie Co., Ltd. (安妮股份), which has risen by 46.39% after the announcement of a change in control involving the transfer of 15.92% of shares to Shengshi Tianan [2][3] - The stock price surge is attributed to the announcement that the controlling shareholders, Lin Xuxi and Zhang Jie, will transfer their shares to Shengshi Tianan, making it the new controlling shareholder [2][3] - The new actual controllers, Li Ning and Wang Lei, plan to enhance the company's profitability and operational capabilities without changing the main business focus of Annie Co., Ltd. [3][4] Group 2 - Annie Co., Ltd. primarily engages in anti-counterfeiting traceability systems and copyright comprehensive services, with a significant market share in lottery printing [4] - The company reported a revenue of 301 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 21.06%, but also reported a net loss of 1.39 million yuan, a decline of 105.62% [4] - Shengshi Tianan focuses on integrated solutions for intelligent computing and does not plan to make significant changes to Annie Co., Ltd.'s main business in the next 12 months [4][5] Group 3 - The stock price of Annie Co., Ltd. has been on a continuous rise since its resumption of trading on December 8, with four consecutive trading days of price increases [7] - The investment community has expressed caution regarding the sustainability of the stock price increase, noting the risks associated with corporate restructuring and the potential for market volatility [7]

12月11日，纽约白银期货延续强势走势，盘中最高触及63.25美元/盎司，截至15时31分报62.355美元/盎 司，较前一交易日上涨1.326美元，涨幅达2.17%。今年以来，纽约白银期货累计涨幅已超112%，并在 美联储降息落地后刷新历史新高，成功站稳62美元关口。 "相较于国际金价今年以来60%左右的涨幅，目前白银年内累计112%的涨幅确实遥遥领先，铂金和钯金 年内累计涨幅分别为84.30%和64.26%。虽然本轮白银大涨行情的直接导火索是美联储的货币政策会 议，但更为关键的结构性驱动力来自于供应端的剧烈收缩。"北京黄金经济发展研究中心研究员许亚鑫 接受《华夏时报》记者采访时表示。 金银比修复暗藏机会 "今年年初以来，不仅纽约白银期货价格涨幅达112%，国内沪银期货价格涨幅也达92.43%。尤其是近一 个月，在美国财政扩张下的通胀预期以及全球光电产业链对白银的需求缺口支撑下，白银期货成为年内 涨幅最高的品种。"光大期货分析师赵复初接受《华夏时报》记者采访时表示。 随着白银创历史新高，参与白银投资的群体也趋于多样化。对此，赵复初表示，个人和机构投资者都是 白银交易的参与者，国内白银没有明确区分个人和机构投 ...

Core Insights - Zhang Yutong has been appointed as the President of Moonlight, focusing on overall strategy and commercialization, which has been a weak point for the company since its inception [2][3][4] - The company is reportedly planning an IPO in 2026, but it faces challenges due to insufficient commercialization revenue [2][6][7] Group 1: Leadership Changes - Zhang Yutong transitioned from being a co-founder to the President of Moonlight, confirming her role in the company's strategic direction [3][4] - Her previous experience as a senior investor at Jinsha River Capital has been instrumental in fundraising efforts for Moonlight [3][4] Group 2: Commercialization Challenges - Moonlight has historically been technology-driven, with a lag in commercialization compared to competitors, which poses risks for its survival [6][7] - The company has not released optimistic commercialization data, and its focus on technology has delayed revenue generation [6][7] Group 3: Funding and Valuation - Recent reports indicate that Moonlight is nearing the completion of a funding round, potentially raising its valuation to approximately $4 billion (about 28.47 billion RMB) [6][7] - The company is in discussions with multiple global institutions for funding, which is crucial for its survival and future growth [6][7] Group 4: Future Outlook - Zhang Yutong's role is seen as vital for attracting investment and enhancing the company's valuation ahead of the planned IPO [5][6] - The company aims to improve its commercial strategy by focusing on differentiated AI experiences and productivity tools [5][8]

本报（chinatimes.net.cn）记者帅可聪 北京报道 2025年12月11日，A股三大指数集体收跌，上证指数跌0.7%至3873.32点，失守3900点关口；创业板指 盘中明显跳水，从涨超1%下挫至跌逾1.4%。全市场逾4300只个股收盘飘绿，通信、地产板块跌幅居 前，摩尔线程股价逆势暴涨28%。 随着美联储如期宣布降息25个基点，隔夜美股受到明显提振，三大指数集体收涨，标普500指数涨 0.67%逼近历史最高纪录。然而，AI巨头甲骨文业绩不及预期，盘后一度大跌近12%，再度引燃市场有 关AI估值泡沫的担忧。 巨丰投顾投资顾问总监郭一鸣向《华夏时报》记者分析表示，外部市场环境传递出额外的紧缩信号与风 险警示，形成了对美联储降息利好的对冲力量。但回归A股本身，外部货币政策变化终究是外因，当前 A股市场的核心驱动力仍需落脚于国内经济基本面与企业盈利预期。 行业板块多数下跌 12月11日，A股三大指数集体小幅高开，创业板指盘初一度涨超1%。然而，午后市场风云突变，三大 指数明显走弱，深证成指、创业板指尾盘更是加速跳水，最终双双收于全天最低点位。 盘面上，31个申万一级行业板块多数下跌，仅银行板块小幅上涨0 ...