《通知》明确，进一步优化个人住房信贷政策，银行业金融机构根据北京地区市场利率定价自律机制要 求和本机构经营状况、客户风险状况等因素，在利率定价机制安排方面不再区分首套住房和二套住房， 合理确定每笔商业性个人住房贷款的具体利率水平。关于住房贷款相关业务，可向经办银行具体咨询。 《通知》明确，加大公积金支持住房消费力度，调整二套住房公积金贷款最低首付比例，对借款申请人 （含共同申请人）使用公积金个人住房贷款购买二套住房的，最低首付款比例由不低于30%调整为不低 于25%。《通知》还提出，为进一步优化营商环境，提升房地产投资效率，调整招拍挂拿地的房地产开 发项目立项方式，由市区分级核准调整为区级备案。 北京市住房城乡建设委、市发展改革委、人民银行北京市分行、北京住房公积金管理中心等4部门联合 印发《关于进一步优化调整本市房地产相关政策的通知》，自2025年12月24日起施行。 《通知》明确，为更好满足居民刚性住房需求和多样化改善性住房需求，进一步优化调整住房限购政 策。一是放宽非京籍家庭购房条件。将非京籍家庭购买五环内商品住房的社保或个税缴纳年限，由现行 的"3年"调减为"2年";购买五环外商品住房的，由现行的"2 ...

每年圣诞节，投资者都会祈求同样的事情：希望圣诞老人能给他们带来股市的上涨，也就是投资界所谓 的"圣诞老人行情"。 "圣诞老人行情"指的是每年年末和新年伊始的五个交易日里，意味着这几天美股市场很有可能迎来上 涨。今年的"圣诞老人行情"的时间窗口就是从今晚，即12月24日开始。 "圣诞老人"今晚即将降临？ 今年年初至今，美股行情总体表现强劲，自4月低点以来，美股持续反弹，标普500指数不断刷新新高纪 录。尽管12月美股行情波动性较大，但最近几天，随着美光科技财报稳定了投资者们对于AI行业的信 心，美股科技股重拾涨势，标普500指数再次创下新高。 华尔街众多投资专业人士表示，他们期待着美股在圣诞节假期期间出现继续上涨，以平稳结束今年并给 2026年开个好头。 Navellier & Associates investment firm的董事长兼首席投资官路易斯·纳韦利尔（Louis Navellier）认为， 当前的美股市场状况已经为"圣诞老人行情"铺平了道路。他指出，人工智能交易方面的担忧正在缓解， 市场的许多领域表现强劲。 纳韦利尔表示，美股小盘股近期表现出了强劲的势头，罗素2000指数涨幅最大，这表明投资者在 ...

Group 1 - Company "Yunshen Technology" officially launched its IPO counseling on December 23, 2025, with CITIC Construction Investment Securities as the counseling institution [1] - Yunshen Technology is part of the "Hangzhou Six Little Dragons," focusing on embodied intelligence technology research and application, primarily engaged in the R&D, production, sales, and service of quadruped robots, humanoid robots, and related core components [1] - The company released the "Mountain Cat M20" wheeled robot in April, designed for complex terrains and hazardous work environments, weighing 33 kg, with an IP66 protection rating, capable of operating in a temperature range of -20°C to 55°C, and a maximum climbing height of 80 cm [1] - In October, the company launched the all-weather humanoid robot DR02, which also has an IP66 protection rating and wide temperature operating capabilities, achieving a walking speed of 1.5 m/s and a maximum speed of 4 m/s, capable of overcoming 25 cm steps and adapting to various slopes [1] Group 2 - Yunshen Technology recently completed a C round financing of over 500 million yuan, led by Zhaoyin International and Huaxia Fund, with strategic investments from funds under China Telecom and China Unicom, along with participation from multiple investors including Yunhui Capital and SMIC Capital [2] - Another company in the "Hangzhou Six Little Dragons," Yushu Technology, has publicly announced its IPO plan in July, currently being counseled by CITIC Securities, with the actual controller being founder and CEO Wang Xingxing [2]

过去几周，白银抛物线般的上涨行情无疑引人注目——随着现货白银价格周三升破72美元，银价在今年已经翻了一倍多，比2022 年时17美元的低点价格更是高出了逾三倍。 从历史上看，当前银价的飙升与下图所示的两次先前的历史性跳涨几乎如出一辙，甚至这一回的疯牛行情要更为猛烈。 金融危机后的白银飙升 我们先来看距离我们目前更近的那一次白银史诗级大牛行情——随着2008年金融危机的动荡在2009年开始缓解，白银价格开启了 一轮500%的涨势，在两年内从8.50美元上涨至50.00美元。美联储对危机的过度货币反应，加上严重的投机，为白银市场创造了一 场完美风暴。 在金融危机期间，美联储史无前例地将利率降至零、推出量化宽松政策(QE)并实施了一系列货币救助。由此导致实际利率（经通 胀调整后）跌入负值区间。下图就显示了，2年期美国国债实际收益率如今在2009年的急剧下挫，并持续走低至2011年中期…… 白银价格的上涨当时恰与实际收益率的下降同步。这种由实际收益率反映的货币政策扭曲，使白银受益——因为白银往往被投资 者视为对冲极端货币政策行为的高贝塔工具。 尽管货币环境利好此轮白银涨势，但供需失衡同样推高了价格。白银供给弹性较低， ...

对此，aiXcoder提出了一套"AI+软件工程"的实践路径，核心在于围绕AI能力范围设计系统，并确立开 发者为项目的最终责任主体。该路径主要包括三个方面：一是通过纵向分层与横向分离，拆解复杂任 务，定义人与AI的能力边界；二是构建"工具自动化监测+人工经验评审"的双重保障体系，确保企业级 安全标准；三是通过提示词工程与上下文工程，提取并利用企业内部的隐性知识，为AI提供更丰富的 项目上下文。 aiXcoder称，这一开发范式已在其服务的企业项目中得到验证。例如，在某通信行业头部企业的黑盒测 试自动化项目中，通过构建结合领域知识的工作流与多智能体协同，最终生成了可批量执行的测试脚 本，并在关键环节设置了人工核验机制。 黄宁展望未来时表示，行业将从"定义软件"向"定义软件开发模式"进化，人类开发者需要将更多精力集 中于解决系统复杂性的任务上。 凤凰网科技讯 12月24日，硅心科技（aiXcoder）产品研发负责人黄宁在行业会议上表示，当前流行的 Vibe Coding（氛围式编程）模式难以直接适配企业级复杂项目的开发需求。他认为，AI并非软件开发 的"银弹"，需与软件工程深度结合。 黄宁指出，Vibe Codi ...

Core Viewpoint - China Jinmao has sold its Ritz-Carlton hotel in Sanya for 2.265 billion yuan, aiming to optimize asset utilization through asset securitization [1][2][3] Group 1: Transaction Details - The transaction involves Shanghai Jinmao Investment Management Group selling 100% equity of Sanya Luyou to Sanya Luanmao Hotel Management for 2.265 billion yuan [1] - Sanya Luyou, established in March 2004 with a registered capital of 500 million yuan, owns the Ritz-Carlton hotel in Sanya, which has 446 rooms and has been operational since 2008 [1] - Following the transaction, Sanya Luyou will no longer be a subsidiary of China Jinmao [2] Group 2: Strategic Intent - The sale is part of a strategy to activate existing assets and maximize valuation through asset securitization [3] - The transaction is facilitated by a real estate-backed asset support securities plan managed by CITIC Securities, which has issued approximately 2.269 billion yuan in asset-backed securities [3] - The hotel asset will generate economic benefits for the holders of the asset-backed securities, with Shanghai Jinmao holding 4% of the securities and the remaining 96% held by various institutional investors [3] Group 3: Financing Activities - China Jinmao has engaged in multiple financing activities in 2023, including a loan of 8.69 billion yuan secured against the Beijing Kaichen World Trade Center [3] - On November 26, the company signed a syndicated loan agreement with a consortium led by China Construction Bank for up to 9.9 billion yuan, using assets in Shanghai as collateral [4] - The recent loans are primarily aimed at refinancing existing obligations rather than new financing, reflecting a strategy to maintain liquidity amid market challenges [4] Group 4: Market Outlook - The company anticipates a continued bottoming process in the industry, focusing on improving operational cash flow and accelerating the turnover of new projects while revitalizing existing assets [5] - As of November 2025, the company reported a signed sales amount of 8 billion yuan, with a total of 100.7 billion yuan in signed sales for the first eleven months of the year [5]

据官方介绍，此镜头为行业首个支持75-100mm焦段内全2亿像素光学直出的手机镜头，并是首个获得徕 卡APO光学认证的手机镜头。该镜头采用3G+5P双浮动镜组方案，可实现75mm、85mm、90mm及 100mm四大人像焦段的覆盖。小米方面强调，此技术为"光学变焦"而非"数码裁切"，是面向下一代的全 新长焦解决方案。 小米创始人雷军于12月23日通过微博宣布，即将推出的小米17 Ultra将首发搭载"徕卡2亿像素光学变 焦"镜头。他称此为"小米徕卡光学极致小型化的又一力作"，并指出其技术原理与相机变焦镜头一脉相 承。 凤凰网科技讯 12月24日，小米手机官方宣布，小米17 Ultra徕卡版将搭载"大师变焦环"，实现像单反相 机一样的手动调焦功能，官方称"让摄影由此回归纯粹、让创作从此聚焦内心。" ...

Group 1: Precious Metals Market Performance - Gold and silver prices have reached historical highs, with London gold at $4,521/oz and silver at $72.6/oz during the Asian trading session [1] - Gold prices have increased over 70% this year, while silver prices have more than doubled, potentially marking the largest annual gains since 1979 [1] - Platinum and palladium prices are also rising, with palladium reaching $1,900/oz and platinum at $2,389/oz, reflecting year-to-date increases of 120% and 158% respectively [1] Group 2: Mining Stocks Performance - Despite the rise in gold prices, Asian gold mining stocks did not show significant gains, with Newmont down 0.5% and Shandong Gold down 1.85% [2] - However, the overall performance of mining stocks has been strong this year, with Newmont's Australian stock up 161% and its US stock up 174% [2] - Other Australian mining stocks have also performed well, with Northern Star Resources up 75% and Evolution Mining up 173% [4] Group 3: Future Earnings Projections - Argonaut predicts a 25% increase in earnings for major Australian gold producers in the current fiscal year, with growth expected to reach 45% by FY2027 [5] - Japanese mining stocks have also seen gains, with Sumitomo Metal Mining up 69.35% this year, although the increases are less pronounced compared to Australian counterparts [5] Group 4: Hong Kong Market Performance - In the Hong Kong market, Shandong Gold has surged 197% to a new high of HKD 44.36, while Zhaojin Mining has increased over 200% to HKD 33.28 [7] - The China Silver Group has also seen significant gains, rising over 200% [7]

最新行情数据显示，周三亚盘，现货白银首次站上72美元/盎司关口，今年累涨超43美元，涨幅接近 150%。而当前，国际油价交投在60美元/桶附近。 剑桥大学的政治经济学家、约翰内斯堡高级研究所的高级研究员约翰·拉普利（John Rapley）周二在英 国深度评论网站UnHerd上发表了题为《白银暴涨或引发八十年代式经济衰退》（Silver boom could lead to Eighties-style recession）的文章。他解释了银价本轮暴涨的根本逻辑，并提醒人们警惕可能随之而来 的灾难性后果。 Rapley在文章中表示，尽管白银涨势已经持续了一段时间，但今年的两个关键节点，令这波涨势驶入了 快车道。首先是美联储主席鲍威尔8月在杰克逊霍尔全球央行年会上的讲话，释放出美联储将转向更宽 松货币政策的信号。其次是纽约联储主席威廉姆斯11月的讲话，为美联储12月降息铺平了道路。在两人 讲话间隔期间，白银上涨了25%；而在威廉姆斯讲话后的短时间内，白银又飙升了40%。 市场传递的信号似乎十分明确：交易员们押注，在财政赤字飙升的西方国家，央行将通过印钞的方式稀 释债务。为了规避法定货币贬值带来的风险，投资者纷纷 ...

Group 1 - The core point of the news is that Hangzhou Yundongchu Technology Co., Ltd. has officially launched its IPO counseling on December 23, 2025, with CITIC Securities as the counseling institution [1] - Yundongchu Technology is part of the "Hangzhou Six Little Dragons," focusing on embodied intelligence technology, specializing in the research, production, sales, and service of quadruped robots, humanoid robots, and related core components [1] - The company released the "Mountain Cat M20" wheeled robot in April, designed for complex terrains and hazardous work environments, weighing 33 kg, with an IP66 protection rating, capable of operating in temperatures from -20°C to 55°C, and a maximum climbing height of 80 cm [1] Group 2 - In October, the company launched the all-weather humanoid robot DR02, which also has an IP66 protection rating and wide temperature operating capabilities, breaking the dependency of humanoid robots on controlled environments [1] - The DR02 can walk at a speed of 1.5 m/s, with a maximum speed of 4 m/s, capable of crossing 25 cm steps and adapting to various sloped terrains, providing humanoid operational capabilities for security patrols and industrial tasks [1] - Recently, Yundongchu Technology completed over 500 million yuan in Series C financing, led by CMB International and Huaxia Fund, with strategic investments from China Telecom and China Unicom's funds, among others [2]