12月22日盘中，浙江世宝A股再度涨停走出5连板，5天累计涨幅达61.17%。港股方面，截至发稿，该股 大涨超9%。 编辑 ｜钉钉 智能驾驶板块的其他个股同样继续活跃，亚太股份、北斗星通涨停，经纬恒润涨超9%，万马科技涨超 8%。 | < 日 | 智能驾驶(931783) 1451.71 38.48 +2.72% | | | Q | | --- | --- | --- | --- | --- | | | | | | Ky | | 资料 | 成分 资讯 相关基金 | | | 月度收益 | | 名称 | | 现价 | 涨跌幅 ◆ | lil | | 亚太股份 | | 15.05 | 10.01% | 0.00% | | 002284.SZ | | | | | | 浙江世宗 | | 19.26 | 9.99% | 0.00% | | 002703.SZ | | | | | | 哪些方 | | 36.43 | 9.99% | 0.00% | | 002151.SZ | | | | | | 经纬恒润-W | | 121.03 | 9.49% | 0.82% | | 688326.SH | | | | | | 万马科技 ...

Group 1 - The Hong Kong stock market saw a strong performance in optical communication concept stocks, with Yangtze Optical Fibre and Cable rising over 8%, and Huiju Technology and Cambridge Technology increasing by 4.79% and 3.82% respectively [2] - The smart driving concept remains active, with Zhejiang Shibao achieving five consecutive trading limits, and several other companies such as Wanjie Technology, Mind Electronics, Weidi Co., and others opening higher [2] - The A-share market opened with all three major indices rising: Shanghai Composite Index up 0.26%, Shenzhen Component Index up 0.65%, and ChiNext Index up 1.01% [3][4] Group 2 - The Hainan Free Trade Zone concept stocks continue to gain traction, with sectors like CPO, superconductors, and smart driving showing strength, while cross-border e-commerce and cross-strait integration concepts weakened [4] - Changan Automobile opened over 3% higher, marking the launch of the first L3-level autonomous driving special license plate "渝AD0001Z" in Chongqing, indicating a significant milestone in the autonomous driving sector [4] - Zhuoran Co. opened over 11% lower due to an announcement regarding an investigation by the China Securities Regulatory Commission for suspected violations of information disclosure [5][6] Group 3 - The Hong Kong stock market opened with the Hang Seng Index up 0.41% and the Hang Seng Tech Index up 0.61%, with tech stocks like Horizon Robotics and SenseTime showing notable gains [7][8]

12月22日，恒生指数高开0.41%，恒生科技指数涨0.61%。 多只生物医药股走低，歌礼制药-B、金斯瑞生物科技、东阳光药、和铂医药-B均跌超3%。 | 名称 | 现价 | 涨跌幅 ◆ | | --- | --- | --- | | 华茌生物-B | 33.800 | -11.52% | | 2396.HK | | | | 歌礼制药-B | 12.500 | -3.85% | | 1672.HK | | | | 金斯瑞生物科技 | 12.750 | -3.56% | | 1548.HK | | | | 东阳光药 | 43.020 | -3.46% | | 6887.HK | | | | 和铂医药-B | 12.880 | -3.45% | | 2142.HK | | | | 加科思-B | 8.800 | -2.87% | | 1167.HK | | | | 乐普生物-B | 5.340 | -1.66% | | 2157.HK | | | | MIRXES-B | 46.600 | -1.10% | | 2629.HK | | | | 三爱健康集团 | 0.490 | -1.01% | | 1889.HK ...

Group 1 - The smart driving concept continues to be active, with Zhejiang Shibao achieving five consecutive trading limits, and several other stocks such as Wanjie Technology, Minde Electronics, Weidi Co., and Duolun Technology opening high [1] - The A-shares opened collectively higher, with the Shanghai Composite Index up 0.26%, the Shenzhen Component Index up 0.65%, and the ChiNext Index up 1.01% [2][3] - The Hainan Free Trade Zone concept stocks are gaining traction, with strong performances in CPO, superconductors, Yushu Robotics, duty-free shops, superhard materials, and smart driving themes [3] Group 2 - Changan Automobile opened over 3% higher, marking the launch of the first L3-level autonomous driving special license plate "Yu AD0001Z" in Chongqing, indicating the company's leadership in the L3 autonomous driving era [3] - Zhuoran Co. opened over 11% lower due to an announcement regarding suspected violations of information disclosure laws, leading to an investigation by the China Securities Regulatory Commission [4][5] Group 3 - The Hong Kong stock market opened with the Hang Seng Index up 0.41% and the Hang Seng Tech Index up 0.61%, with tech stocks generally performing well, including significant gains for Horizon Robotics, SenseTime, SMIC, Meituan, and Xiaopeng Motors [6][7] - The central bank conducted a 673 billion yuan reverse repurchase operation with a rate of 1.40%, with 1,309 billion yuan of reverse repos maturing today [5]

2025.12.22 本文字数：1538，阅读时长大约3分钟 作者 |一财评论员 12月18日，海南自由贸易港正式启动封关运作。封关后，海南岛全岛将建成一个海关监管特殊区域，实 施以"'一线'放开、'二线'管住、岛内自由"为基本特征的自由化、便利化政策制度。同时，作为探索当 今世界最高水平开放形态的载体，海南自贸港承载着将制度型开放向纵深推进的战略使命。 日前，中央财办有关负责同志在解读中央经济工作会议时表示，要以自贸试验区提升战略为引领，优化 自贸试验区布局范围、提升创新引领发展能级，对接国际高标准经贸规则，更好发挥制度型开放"试验 田"作用，落实好海南自由贸易港封关运作。 此前国务院常务会议研究深化重点领域改革扩大制度型开放工作时明确，要主动对接国际高标准经贸规 则，积极扩大自主开放，稳步扩大规则、规制、管理、标准等制度型开放。 制度型开放的提法最早出现在2018年中央经济工作会议上，当时提出"推动由商品和要素流动型开放向 规则等制度型开放转变"。之后在很多重要会议和文件中，包括不久前出台的"十五五"规划建议中，制 度型开放都反复被强调。可见这是对外开放进入新阶段后的重点工作内容。 "十五五"规划建议和上 ...

12月22日，中国人民银行发布一次性信用修复政策。作为配套福利，央行明确2026年上半年将额外增加 两次线下免费查询个人信用报告的机会。此前，个人每年通过自助查询机、柜台查询征信报告前两次免 费，第三次起需付费。叠加线上查询免费，此次一次性信用修复政策的落地完全能够满足大家核对逾期 记录、确认修复进度的需求。 2026年上半年个人将额外增加两次免费查询信用报告机会 12月22日，中国人民银行发布一次性信用修复政策。第一财经获悉，此次政策不区分个人经营贷、房 贷、消费贷、信用卡等业务类型，只要符合相关条件，都能获得信用修复。政策适用时间区间覆盖2020 年1月1日至2025年12月31日，适用范围覆盖所有已经还清的单笔金额在1万元以下的逾期记录，基本囊 括了多种因素影响导致的各种逾期情况。 更多最新消息： ...

Core Insights - MiniMax is set to become the fastest AI company to go public from inception, following its IPO application on December 21, 2023 [1] - The company anticipates a revenue growth of 782% in 2024, reaching $30.5 million, while projecting a net loss of $465 million [1][5] - The competitive landscape for AI companies is intensifying, with MiniMax and its peers facing significant financial pressures due to high operational costs and ongoing investments in technology [3][11] Financial Performance - MiniMax's revenue for 2023 was $3.5 million, with a projected increase to $30.5 million in 2024, and $53.4 million by the end of 2025 [5][6] - The company reported a net loss of $73.7 million in 2022, escalating to $269.2 million in 2023, and expected to reach $465.2 million in 2024 [7][8] - Cumulative losses over four years are estimated at approximately $1.32 billion [7] Revenue Sources - MiniMax's primary revenue streams include subscription services, token-based in-app purchases, online marketing services, and usage-based enterprise API services [5][6] - The Talkie product is expected to contribute nearly 64% of revenue in 2024, with other AI services also playing significant roles [7] Investment and Cash Flow - The company has raised approximately $390 million in its latest funding round, achieving a valuation of over $4.2 billion [9] - Monthly cash burn is projected to be around $280 million, with cash reserves of $1.05 billion as of September 30, 2025 [9] Market Outlook - The global AI market is projected to exceed $300 billion by 2030, with significant contributions to global GDP growth [11] - MiniMax aims to differentiate itself by focusing on specific niches rather than competing directly with larger firms like Alibaba and Tencent [11][12]

2025.12.21 本文字数：2933，阅读时长大约5分钟 作者 |第一财经 周楠 2025年即将收官，两家老牌证券投顾机构却在年末遭遇"摘牌"。 证监会官网近期披露，对青岛大摩证券投资有限公司（下称"大摩投资"）罚款300万元并撤销其证券投 资咨询业务许可，处罚原因是该机构存在未按规定保存且毁损有关文件和资料等行为。 披露显示，在长达两年时间里，大摩投资向监管报送的资产负债表等存在重大遗漏，导致累计漏报营收 4.85亿元。 在此之前，11月初，另一家老牌投顾机构也被"摘牌"。据披露，北京中方信富投资管理咨询有限公司 （下称"中方信富"）被撤销证券投资咨询业务许可，公司与时任董事长被合计罚款360万元。 大摩投资、中方信富均成立超20年，如今为何被逐出投顾行业？第一财经关注到，近年来，2家机构及 旗下分公司均屡屡被罚，中方信富在去年曾被暂停新增客户12个月，监管直指该机构存在员工无证执 业、误导营销、承诺收益等问题。 今年以来，A股在结构性震荡中走出"慢牛"行情，得益于市场活跃度提升，证券投顾机构迎来一波"冲 业绩"的好机会，然而，违法违规行为却令多家机构招致重罚。据记者初步统计，年内超10家投顾机构 曾被 ...

徐奇渊的主要观点： 制造业全球份额未受贸易战影响 并在美国以外落地开花 企业竞争力要 进一步转化为标准制定能力 形成以外促内 以内稳外的总体政策 明年中国与非美国家之间地 缘经济压力会更突出 万亿贸易顺差并不包含服务贸易 失衡没有那么大 经常账户顺差占GDP 比例仍明显低于4%标准 服务贸易是出口提质的必争之地 推进区域经济一体化 做大国际区 域内循环 明年美债或将总体稳定 但一旦通胀超预期将加剧波动 明年外贸继续稳定增长 但经 济拉动作用减弱 2026年投资增速将实现低位回升 近日，中国海关总署发布了一组数据令人关注：2025年前11个月，我国货物贸易顺差达到1.08万亿美 元，历史上首次突破1万亿美元大关，这是一个具备里程碑式的成就，不仅在中国外贸史上具有标志性 意义，在全球贸易史上也属首次。尽管面临美国关税围堵和全球贸易格局重构及逆全球化的双重压力， 中国出口仍保持强劲增长，前11个月出口额达3.41万亿美元，同比增长5.9%。 顺差创新高之后，中国外贸继续发展的前路在何方？在中央经济工作会议明确提出我们要"苦练内功应 对外部挑战"的认识下，我们需要内外共同发力，即保证竞争力，又扩大更多、更广的合作空间 ...

2025年即将收官，2家老牌证券投顾机构却在年末遭遇"摘牌"。 证监会官网近期披露，对青岛大摩证券投资有限公司（下称"大摩投资"）罚款300万元并撤销其证券投 资咨询业务许可，处罚原因是该机构存在未按规定保存且毁损有关文件和资料等行为。 披露显示，在长达两年时间里，大摩投资向监管报送的资产负债表等存在重大遗漏，导致累计漏报营收 4.85亿元。 在此之前，11月初，另一家老牌投顾机构也被"摘牌"。据披露，北京中方信富投资管理咨询有限公司 （下称"中方信富"）被撤销证券投资咨询业务许可，公司与时任董事长被合计罚款360万元。 大摩投资、中方信富均成立超20年，如今为何被逐出投顾行业？第一财经关注到，近年来，2家机构及 旗下分公司均屡屡被罚，中方信富在去年曾被暂停新增客户12个月，监管直指该机构存在员工无证执 业、误导营销、承诺收益等问题。 今年以来，A股在结构性震荡中走出"慢牛"行情，得益于市场活跃度提升，证券投顾机构迎来一波"冲 业绩"的好机会，然而，违法违规行为却令多家机构招致重罚。据记者初步统计，年内超10家投顾机构 曾被暂停新增客户。 大摩投资被"摘牌"前屡吃罚单 大摩投资此次被"摘牌"，事发两项严重违法 ...