2025.12.23 本文字数：2538，阅读时长大约4分钟 作者 |第一财经 韦薇 经历了"AI抛售潮"洗礼的美股宛如劫后重生，"圣诞反弹"虽迟但到，全球交易员似乎已经准备喜迎2026 年的开门红交易。 反弹始于上周四，据第一财经了解，华尔街投行交易台的信息显示，上周五几乎成为美国市场历史上成 交量最高的交易日。本月迄今，标普500在上周四、周五回升后大致维持平盘，市场很可能正朝着"回补 赢家头寸"以实现圣诞行情的方向发展。例如，此前抛压最重的AI概念股Coreweave、甲骨文等都出现双 位数反弹。 宏观背景一锤定音——美联储降息和日本央行鸽派加息共同提振了年末的市场信心，美元走弱推动全球 股市、大宗商品走强。不仅是美股，不少亚洲股市亦将受益于当前的环境，高盛最新发布报告提及，人 民币汇率向7关口迈进，当汇率上升时（无论是对美元还是一篮子货币），中国股市往往表现良好，这 与大多数亚洲新兴市场的交易模式一致。 美元指数继续震荡下行跌破99关口，非美货币集体上涨。美元的走弱不仅推动全球股市反弹，更是助燃 了贵金属的疯狂表现。黄金单日上涨2.4%至4443美元，白银劲升2.8%突破69美元，两者在同一天刷新 历 ...

Group 1 - The core message of the news emphasizes that the Xingtu brand, under Chery Automobile, aims to create a unique luxury identity rather than imitating existing luxury car definitions [1] - Chery has integrated the domestic business division of the Xingtu brand into its domestic business group to achieve strategic focus, resource integration, and brand enhancement [1] - The chairman of Chery, Yin Tongyue, reflected on the brand's development journey, acknowledging past challenges but highlighting that feedback from global users has strengthened Chery's confidence in building a high-end luxury brand [1] Group 2 - The Xingtu brand plans to target overseas markets as a key battleground, with sales in over 30 mainstream markets globally and an average overseas price exceeding 400,000 yuan [1] - At the recent event, four new models (ES7 GT, ES8, ET8, and ET9) were unveiled, with plans for more than three new cars to be launched in the next 10 to 20 months [2] - There is a concern regarding the naming overlap of new models ET5, ES8, and ET9 with existing products from NIO, raising questions about how Xingtu will establish its unique luxury brand identity [2]

12月23日，香港恒生指数收跌0.11%，恒生科技指数跌0.69%。 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | | Hટા | 恒生指数 | 25774.14 | -27.63 | -0.11% | | HSTECH | 恒生科技 | 5488.89 | -37.94 | -0.69% | | HSBIO | 恒生生物科技 | 14742.59 | -74.64 | -0.50% | | HSCEI | 恒生中国企业指数 | 8913.83 | -25.85 | -0.29% | | HSCI | 恒生综合指数 | 3939.27 | -5.85 | -0.15% | 化工、电气设备、交通运输、银行等板块涨幅居前，传媒、国防军工、医药生物、半导体等板块跌幅居 前。 黄金股继续上涨，万国黄金集团涨超5%，山东黄金涨超4%，招金矿业、珠峰黄金涨超2%。 | 0241.HK | 0. ZZU | 1.14/0 | | --- | --- | --- | | 蔚来-SW | 38.620 | -0.97% | | 9866.HK | | | ...

2025.12.23 本文字数：1414，阅读时长大约3分钟 作者 |第一财经 林志吟 本次收购绿谷医药，复星医药采用"受让存量股权+认购新增注册资本"组合方式，交易款项分期支付， 首期6.35亿元于交割日支付，剩余6.35亿元将在首期款支付完成之日起三年内根据标的公司的研发进展 情况支付。 复星医药表示，该设计既保障了标的公司临床推进的资金需求，又为公司提供了动态风险管控空间。此 外，标的公司创始人控制的主体将质押本次收购后所持有的标的公司10%的股权为潜在风险事项可能造 成的损失提供担保，进一步强化了交易的安全性。 甘露特钠胶囊重新开展商业化生产和销售前，还需（其中主要包括）补充完成目前尚在开展的上市后确 证性临床试验并获得国家药品审评部门批准。 复星医药目前表示，未发现开展该确证性临床试验存在尚未解决的核心技术问题、未发现后续推进该确 证性临床试验存在实质障碍。 就市场关切的后续临床进展，复星医药表示，根据2025年5月国家药监局药审中心发布的《阿尔茨海默 病药物临床试验技术指导原则（试行）》，为符合国内最新研究规范、并参考国际上对该类药物确证性 临床研究的要求，经2025年10月与国家药监局药审中心沟 ...

2025.12.23 本文字数：677，阅读时长大约2分钟 作者 |一财阿驴 | 2月23日，A股三大指数冲高回落，截至收盘，沪指涨0.07%，深成指涨0.27%，创业板指涨0.41%。 | | --- | | મ્દ્રિક | 名称 | 两日图 | 现价 | 淵跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | www | 3919.98 c | | 0.07% | | 399001 | 深证成指 | min | 13368.99 c | 36.26 | 0.27% | | 399006 | 创业板指 | win | 3205.01 c | 13.03 | 0.41% | 盘面上，锂电池产业链领涨，海南自贸区概念股仍局部活跃，光刻机题材延续强势，能源金属概念股表 现出色。商业航天、大消费、智能驾驶等题材出现调整。 具体来看，液冷服务器概念活跃，川润股份、英维克、同飞股份、中光防雷等多股涨停。 | 代码 | 名称 | 涨幅量 | 现价 | | --- | --- | --- | --- | | 301123 | 李东申子 | + ...

公开资料显示，纳百川成立于2007年，专注从事新能源汽车动力电池热管理、燃油汽车动力系统热管理 及储能电池热管理相关产品的研发、生产和销售，主要产品包括电池液冷板、电池集成箱体、燃油汽车 发动机散热器、加热器暖风等。 今日A股上市的三只新股悉数大涨，N锡华涨超350%，N天溯涨超242%，均触发二次临停。 编辑｜心一 12月23日，新股N纳百川恢复交易后一度拉升涨近700%，截至发稿，涨幅回落至430%，报120元，成交 额超12亿元，换手率超79%。此前，该股盘中触发二次临停。 今日，纳百川正式登陆创业板。本次公开发行股票2791.74万股，发行价格为每股22.63元，上市首日开 盘价60元/股，上涨165.13%。 ...

Core Insights - The audit report revealed 17 issues related to Hanjiang Group's budget execution and financial management, highlighting significant compliance failures and corrective actions taken by the company [2][3]. Group 1: Financial Compliance Issues - Hanjiang Group failed to collect and remit government funds totaling 111 million yuan related to renewable energy pricing and 55.4 million yuan for rural power network repayment from 2021 to 2023 [2]. - The company also did not remit 3.1635 million yuan in collected rural power repayment funds to the national treasury, which has since been corrected [3]. - From 2021 to 2023, Hanjiang Group supplied electricity to its high-energy-consuming aluminum enterprises at a price 72.2% lower than the national grid price, accounting for 18.52% of its total electricity generation [3]. Group 2: Management Fee and Profit Reporting - Hanjiang Group improperly reported management fees, leading to an overstatement of management costs by 258 million yuan and an understatement of net profits by the same amount, resulting in a shortfall of 4.2 million yuan in state capital income [3][4]. - The company has since ceased collecting fees under the guise of management costs and has rectified the shortfall in state capital income [4]. Group 3: Real Estate Investment Issues - Despite directives against investing in non-water-related sectors, Hanjiang Group made new real estate investments totaling 4.529 billion yuan from 2015 to August 2024 [5]. - The company has halted new real estate investments and is working on transferring existing projects [6]. - Hanjiang Group's subsidiary exceeded its undistributed profit balance by distributing 60.623 million yuan in dividends, which is currently being contested through legal channels [6]. Group 4: Construction and Expenditure Violations - The company constructed the "Hanjiang Building" headquarters without proper approval, exceeding the standard construction area by 53,800 square meters and costing 5,473.35 yuan per square meter, which is 1.82 times the allowed standard [6]. - Hanjiang Group's subsidiary misused 15.3408 million yuan of water fee income for non-essential expenditures, violating regulations that require these funds to be used for operational maintenance and loan repayment [6]. Group 5: Disciplinary Actions - Two senior executives from Hanjiang Group are under investigation for serious violations of discipline and law, indicating potential governance issues within the organization [7].

12月22日至23日，全国住房城乡建设工作会议在北京召开。会议指出，2026年，要着力抓好4方面工 作。 ——推进现代化人民城市建设，重点是：高质量开展城市更新，编制实施"十五五"城市更新专项规划， 抓好城市体检、更新试点，实施一批民生工程、发展工程、安全工程。以"绣花"功夫精细化推进城镇老 旧小区改造、完整社区建设、口袋公园建设、绿地开放共享、"温暖工程"建设、城市小微公共空间改 造，提升无障碍适老化环境品质。高质量实施"两重"、"两新"项目建设，持续开展地下管网改造和综合 管廊建设，常态化推进城市燃气管道老化更新改造，力争完成改造各类燃气管道3万公里。积极开展新 型城市基础设施建设。持续建设城市排水防涝工程体系、城市基础设施生命线安全工程；高效能推进城 市治理，推动建立城市管理统筹协调机制，发挥好"一委一办一平台"作用，深入开展城市管理进社区工 作，运用好"吹哨报到"、"接诉即办"等工作机制，深化城市管理和执法体制改革，持续推进城市管理执 法队伍标准化规范化建设；高标准建设文明城市，完善历史文化保护传承体系，全力抓好老城区和老街 区专项调查，深入开展国家历史文化名城专项评估和监测，完善城市风貌管理制度，以 ...

Core Insights - The audit report revealed 17 issues related to Hanjiang Group's budget execution and financial management, highlighting significant compliance failures and corrective actions taken by the company [1] Group 1: Financial Compliance Issues - Hanjiang Group failed to collect and remit government funds totaling 111 million yuan related to renewable energy pricing and 55.4 million yuan for rural power network repayment from 2021 to 2023 [2] - The company also supplied electricity to high-energy-consuming aluminum enterprises at a price 72.2% lower than the national grid price, amounting to 2.459 billion kilowatt-hours, which constituted 18.52% of its total electricity generation [2] - Hanjiang Group has since rectified these issues by complying with the approved electricity pricing and remitting the overdue funds to the treasury [3] Group 2: Management Fee and Profit Reporting - From 2021 to 2024, Hanjiang Group overreported management fees by 258 million yuan, leading to an equivalent understatement of net profits and a shortfall in state capital income of 4.2 million yuan [3] - The company has been instructed to cease the practice of charging management fees to subsidiaries and has made the necessary payments to rectify the shortfall in state capital income [3] Group 3: Real Estate Investment Issues - Despite directives against investing in non-water-related sectors, Hanjiang Group made new real estate investments totaling 4.529 billion yuan from 2015 to August 2024 [4] - The company has halted new investments in unrelated real estate and is working on transferring existing projects [5] - Hanjiang Group's subsidiary exceeded its undistributed profit balance by distributing 60.623 million yuan in dividends, which is currently being contested through legal channels [5] Group 4: Construction and Expenditure Violations - Hanjiang Group constructed the "Hanjiang Building" headquarters without proper approvals, resulting in a total area of 53,800 square meters at a cost of 5,473.35 yuan per square meter, which is 1.82 times the standard [5] - The company has implemented a management system for building projects to prevent similar issues in the future [5] - Additionally, a subsidiary misused 15.3408 million yuan of water fee income for non-essential expenditures, prompting the establishment of stricter financial management protocols [5] Group 5: Disciplinary Investigations - Two senior executives from Hanjiang Group are currently under investigation for serious violations of discipline and law, indicating potential governance issues within the organization [6][7]

12月23日，快手科技发布公告称，12月22日22时左右，快手APP直播功能遭网络不法分子攻击。公司第 一时间启动应急预案，经系统修复后，快手APP直播功能已逐步恢复正常服务，其他功能未受影响。 编辑｜心一 记者｜吕倩 ...