11月楼市数据出炉，多地二手房市场迎来显著回温。其中，一线城市表现亮眼，四城二手房成交套数创 下自5月以来新高，环比增幅达20%。同时，业内预判，市场预期正从"以价换量"加速向"量价趋稳"转 变。 11月多地二手房成交量环比上涨 11月全国多地二手房市场迎来显著回温。据克而瑞地产研究数据，其监测的30个重点城市二手房成交面 积约1704万平方米，环比增长14%，前11月累计同比实现3%的正增长。其中，一线城市表现亮眼，4城 成交规模达402万平方米，环比增长10%。 另据易居研究院监测数据，11月，一线城市二手住宅成交套数超4.9万套，创下自5月以来的7个月新 高，环比增幅达20%，甚至超过传统旺季9月的成交水平。 具体而言，11月，上海二手房（含商业）网签成交22943套，环比上涨约24%。据安居客上海监测，11 月全月成交量创下近7个月新高，仅次于"金三银四"时期，成为今年成交量第三高的月份。北京楼市也 实现翘尾，二手住宅当月成交总套数为14446套，环比涨幅接近20%；此外，广州市（统计周期：10月 26日至11月25日）二手住宅网签套数和面积环比分别增长22.89%和23.07%。深圳11月二手房录得 ...

碧桂园为持有人提供现金购回选项，购回选项将由购回方采用申报登记的方式实施，购回方拟以不超过 4.5亿元的现金对标的债券开展购回，价格为债券面值的12%。按比例配售，不同标的债券最终获配比 例可能不同，未获配部分可参与后续选项。 碧桂园还提供了股票抵债的方案。发行人将在中国香港向特殊目的信托增发不超过特定数量的普通股股 票（以下简称"定增股票"），发行人承诺将利用该部分定增股票，通过合法有效模式抵偿标的债券的份 额。 获配股票选项的标的债券持有人同意豁免该部分债券已产生的一切利息，前述豁免不附带任何或有条 件。 在等额资金抵债模式下，选择股票选项的标的债券持有人能够获得等额资金偿付的定增股票股数不得超 过实际增发的定增股票股数，预计增发股票数量不超过14.6亿股，可视情况提高限额。 股票定价为2.6港元/股，以出售所得净额等值人民币兑付；增发后24个月内按月指令出售，未出售部分 在第25个月强制出售。 12月4日，智通财经从知情人士处获悉，碧桂园（02007.HK）旗下债券"H16腾越2"的重组方案获债权人 会议通过。至此，碧桂园境内债务重组所涉的9只债券，其重组方案均已获得债权人会议通过，9只债券 余额为13 ...

Core Insights - The real estate market in November showed significant recovery, particularly in second-hand housing, with first-tier cities experiencing a notable increase in transaction volumes, indicating a shift from "price for volume" to "stable volume and price" [1][5][6] Group 1: Market Performance - In November, the second-hand housing market across 30 key cities recorded a transaction area of approximately 17.04 million square meters, a month-on-month increase of 14%, with a year-to-date positive growth of 3% [1] - First-tier cities saw a total transaction area of 4.02 million square meters, reflecting a month-on-month growth of 10% [1] - Shanghai's second-hand housing transactions reached 22,943 units, a month-on-month increase of about 24%, marking the highest transaction volume in nearly seven months [2] Group 2: Demand Dynamics - The demand for both first-time buyers and high-end properties is rising simultaneously, with core urban areas showing strong interest and price increases [3][4] - In Shanghai, the proportion of second-hand housing transactions below 3 million yuan has risen to 60%, indicating a sustained increase over three months [3] - In Shenzhen, the second-hand housing market has shown a structural characteristic of both first-time and luxury demand being active, with second-hand transactions accounting for 63% of total residential transactions in November [4] Group 3: Policy and Future Outlook - The real estate regulatory policies have largely been exhausted, with over 560 policies introduced this year, and a focus on targeted measures to stabilize the market [5] - Analysts predict that the real estate market will continue to stabilize, with a shift towards a "stable volume and price" phase in the second-hand housing market, supported by improved buyer confidence and increased transactions [6]

此前，美国政府曾叫停向中国销售这类芯片，但在今年夏季开始重新审核相关申请。AMD在今年早些 时候表示，美国对MI308芯片的出口限制将给公司造成约8亿美元的损失。 另外，在被问及科技行业是否处于AI泡沫中时，苏姿丰明确回应道："从我的角度来看，绝对不是。"她 表示，AI行业将需要大量来自AMD等公司的芯片，关于泡沫的担忧"有点被夸大了"。(作者/箫雨) 苏姿丰周四出席了连线举行的《高端访谈》(Big Interview)会议。当被问及向中国销售芯片的问题时， 苏姿丰确认，AMD计划恢复对中国的MI308芯片销售，并在这些芯片真正销售时向美国政府支付15%的 税款。 今年8月，美国总统特朗普表示，美国政府已与英伟达和AMD达成协议，允许两家公司在支付15%费用 后恢复向中国出口部分芯片。但是，部分法律专家指出，此举可能违反美国宪法关于禁止对出口产品征 税的规定。 苏姿丰 凤凰网科技讯北京时间12月5日，据《连线》杂志报道，AMD CEO苏姿丰(Lisa Su)周四表示，公司准备 就对华芯片销售向美国政府支付15%的税款。 ...

12月5日，证监会主席吴清在人民日报发表署名文章《提高资本市场制度的包容性适应性（学习贯彻党 的二十届四中全会精神）》指出，着力提升资本市场监管的科学性、有效性。金融创新更新迭代快，具 有明显的顺周期性和强外溢性。要适应市场的快速发展变化，加快构建全方位、立体化的证券期货监管 体系，完善对金融创新活动的监测监管和风险应对机制。加强战略性力量储备和稳市机制建设，强化重 点领域风险和跨市场跨行业跨境风险防范化解，持续提升资本市场内在稳定性。运用好大数据、人工智 能等现代信息技术手段，高效识别违法违规线索和风险隐患。坚持依法监管、分类监管，严厉打击财务 造假、欺诈发行、市场操纵和内幕交易等恶性违法行为，维护公开公平公正的市场秩序。 ...

Core Viewpoint - The article emphasizes the need to cultivate more high-quality listed companies in the capital market, highlighting the importance of optimizing the structure of listed companies and enhancing their investment value [1] Group 1: Market Structure and Reform - There is a call for deeper reforms in the mergers and acquisitions market to enhance the flexibility and convenience of refinancing mechanisms [1] - Support is needed for listed companies to transform and upgrade, aiming to develop new productive forces and foster world-class enterprises [1] Group 2: Incentives and Returns - The article suggests improving the incentive and constraint mechanisms for listed companies to stimulate entrepreneurial spirit and innovation [1] - Companies are urged to strengthen their awareness of returning value to investors through cash dividends and share buybacks [1] Group 3: Market Ecology - The establishment of a normalized delisting mechanism is emphasized, along with the need for diverse exit channels to ensure an orderly market ecology that promotes survival of the fittest [1]

Core Viewpoint - The article emphasizes the need to create a standardized, inclusive, and vibrant capital market ecosystem, highlighting the importance of legal construction and regulatory reforms in the capital market [1] Regulatory Reforms - The article calls for the revision of key laws including the Securities Law and the Securities Investment Fund Law, as well as the formulation and revision of administrative regulations such as the Listing Company Supervision Management Regulations and Securities Company Supervision Management Regulations [1] Investor Protection - There is a push to enhance investor protection mechanisms, including the establishment of representative litigation for investors and strengthening investor education and advocacy for rational, value, and long-term investment [1] Talent and Research Development - The article stresses the importance of building high-end think tanks and talent teams in the capital market, focusing on strategic, foundational, and forward-looking research [1] Public Sentiment and Innovation - It advocates for improving expectation management mechanisms and fostering a societal atmosphere that encourages innovation and accepts failure [1]

Group 1 - Apple has appointed Jennifer Newstead, former Chief Legal Officer at Meta, as its new General Counsel, effective March 1 [1] - Newstead's recruitment is notable as it marks a rare instance of Apple hiring from Meta, where she had recently achieved a significant legal victory against the FTC regarding antitrust allegations [1] - Newstead expressed that working at Apple presents a unique opportunity to shape legal and policy issues globally [1] Group 2 - Lisa Jackson, Apple's head of government affairs, will retire in late January, with her responsibilities transitioning to Newstead [2] - Jackson has played a crucial role in reducing Apple's greenhouse gas emissions by over 60% in the past decade, as praised by CEO Tim Cook [2] - The environmental and social affairs team will report to COO Sabih Khan following Jackson's departure [2]

Core Viewpoint - The recent controversies surrounding the new national standard electric bicycles, such as "metal seats" and "prohibition of carrying passengers," are largely due to misunderstandings of the standard's implementation, according to Yadea Technology Group's statement [1][2]. Group 1: Company Response - Yadea clarified that the reported "odd" configurations are not representative of the industry and only appear in specific models from certain companies [1]. - The company has launched 68 new models that comply with the new national standard, ensuring comfort and safety for carrying children [1][2]. Group 2: Industry Context - The transition period for the mandatory national standard, "Electric Bicycle Safety Technical Specification" (GB17761—2024), ended on November 30, leading to some new vehicle configurations that do not align with consumer habits [1]. - The Ministry of Industry and Information Technology indicated that the issues stem from a lack of comprehensive understanding of the new standard by some companies, not a widespread industry problem [1]. - Over 100 companies have had more than 600 models certified by CCC and are gradually entering the market [1]. Group 3: New Standard Features - The new standard does not mandate "metal seats" or prohibit carrying passengers; it instead removes the requirement for mandatory footrests and optimizes safety features such as fire resistance, braking distance, and dynamic safety monitoring [2]. - Yadea's compliant models have been optimized for various travel scenarios, maintaining comfortable seat designs and including rearview mirrors to meet consumer needs [2].

《消费者报告》汽车测试高级总监Jake Fisher表示："特斯拉确实面临不少挑战，但通过持续优化、避免 对车型进行大幅度改动，他们能够生产出更可靠的车辆，因此在我们的排名中不断上升。" Fisher补充称，特斯拉的排名提升源于其车辆可靠性在时间推移中不断改善，尤其是公司不像传统车企 那样频繁大幅改款。 特斯拉主要依赖OTA（空中软件更新）来调整车辆的大量功能。《消费者报告》指出，特斯拉的动力系 统可靠性在电动车中依然十分突出。 Fisher说："他们通过坚持现有架构并不断改良而有所提升。但如果你看路上那些已经有5到10年车龄的 特斯拉，可靠性方面仍在所有品牌里垫底。" 12月5日，特斯拉在美国《消费者报告》（Consumer Reports）年度汽车品牌排名中取得了显著进步，成 功跻身汽车品牌总排名前十。 《消费者报告》一向以严厉闻名，是美国权威的评估机构之一。这份年度品牌评分榜基于道路测试，同 时参考车主调查中得出的可靠性、安全性以及整体顾客满意度进行评定。 在去年30多个汽车品牌中，特斯拉排名第18位。而在最新的榜单，特斯拉在31个品牌中排名第10。前9 名分别为斯巴鲁、宝马、保时捷、本田、丰田、雷克萨 ...