北向资金持仓市值连续三个季度增长正在印证这份信心。业内普遍认为，2026年中国"慢牛"行情将持 续。在今年强劲表现之后，中国股市的估值仍低于全球同类市场，也远低于历史高点，估值具有上调潜 力。其中，中国科技股被视为全球股市中具有高确信度的板块。 看好中国经济，2027年底中国股市将上涨38% 日前，高盛发布的一则研报《2025年中国股市十大经验总结》引起市场关注。 报告指出，中国股市已实现连续两年上涨，牛市行情有望持续，只是步伐会放缓。"我们预测，到2027 年底中国股市将上涨38%，受到2026年和2027年分别为14%和12%的盈利增长以及约10%的估值修复潜 力的推动。" 2025年即将收官，2026年的中国机遇可期。 新京报贝壳财经记者梳理多家外资机构研报时发现，"把握中国机遇""将继续增持中国资产""超额回 报"等频繁出现。这些机构整体对中国2026年的市场前景保持乐观，并预测到2027年底中国股市有望上 涨38%。 在众多投资方向中，中国科技股成为外资机构一致看好的核心赛道。 瑞银明确呼吁投资者"把握中国机遇"，并指出，人工智能（AI）创新和相关支出，预计将推动中国科技 行业2026年盈利大幅增长 ...

Group 1: Market Performance - On December 24, 2025, the Shanghai Gold Exchange reported significant price movements in silver, with spot silver prices increasing by over 1,000 yuan in a single day [3] - The main silver futures contract on the Shanghai Futures Exchange closed at 17,609 yuan per kilogram, marking an 8.12% increase [3] - Year-to-date, silver has risen over 130%, outperforming gold's 72% increase, with December alone seeing a 28% rise, making it the best-performing precious metal [3] Group 2: Regulatory Adjustments - The Shanghai Futures Exchange announced adjustments to trading margins and price limits for silver futures contracts on December 10, increasing the price limit to 15% and margin requirements by 1 percentage point [5] - On December 22, the exchange further limited the maximum number of contracts that non-futures company members and certain foreign participants can open in a single day to 10,000 contracts for the AG2602 silver futures [6] Group 3: Industry Impact - The rising silver prices have significant implications for the photovoltaic (PV) industry, where silver is a critical material [9] - Silver paste has become the largest cost component in PV modules, accounting for 17% of total costs as of December 2025 [11] - Companies in the PV sector, such as Trina Solar, are utilizing futures contracts to hedge against raw material price fluctuations, indicating a proactive approach to managing cost pressures [12] Group 4: Company Performance - Companies like Dike Co., Ltd. reported a revenue increase of 10.55% year-on-year to 12.724 billion yuan in the first three quarters of the year, but their net profit dropped nearly 90% due to rising silver prices [14] - The Vice President of Technology and Market at Dike Co. noted that while market sentiment is mixed regarding future silver prices, there is a prevailing long-term bullish outlook [15]

Core Viewpoint - The collaboration between Tony Leung and Shui Jing Fang highlights the emotional connection between fine wine and significant life events, emphasizing the brand's heritage and quality in the context of modern consumer experiences [1][19]. Group 1: Brand Collaboration - Tony Leung officially endorses Shui Jing Fang's "Di Yi Fang," marking his first endorsement of a baijiu brand in his 40-year career [1][7]. - The partnership is seen as a harmonious blend of Leung's artistic integrity and Shui Jing Fang's 600-year heritage, both representing a commitment to quality and depth [1][9][17]. Group 2: Marketing Strategy - The launch of the short film "Cheers to Beautiful Moments" features Leung narrating stories of friendship, love, and celebration, reinforcing the brand's message of emotional resonance [19][20]. - The upcoming New Year marketing campaign aims to connect with consumers during festive seasons, promoting the idea of celebrating significant moments with fine wine [1][24]. Group 3: Consumer Engagement - Modern consumers are increasingly seeking emotional connections with brands, and the collaboration is viewed as a dual journey of national pride and craftsmanship [17][20]. - Shui Jing Fang's new brand proposition "Cheers to Beautiful Moments" aims to elevate baijiu from a functional beverage to an emotional experience, fostering deeper connections with consumers [15][20]. Group 4: Cultural Significance - The brand's history and cultural significance are highlighted, with references to traditional celebrations and the role of wine in marking important life events [24]. - The upcoming "Kaiyun Wine" for the New Year symbolizes good fortune and is positioned as a key element in festive gatherings, reflecting the brand's commitment to cultural traditions [24].

新京报贝壳财经讯 12月24日，公司控股股东、实际控制人秦本军拟向广州德福营养转让其所持公司 6000万股股份(占总股本的8.09%)，并放弃189,141,310股股份(占总股本的25.50%)的表决权，保留3.00% 的表决权。广州德福营养将成为公司控股股东，侯明和LI ZHENFU将成为公司共同实际控制人。此 外，公司拟通过发行股份购买北京金康普食品科技有限公司80%股权，并募集配套资金用于购买北京金 康普自然人股东李洋、宋军15.50%股权、支付中介费用、交易税费和补充流动资金。但需注意的是， 该交易尚需取得深圳证券交易所的合规性确认意见，并经公司董事会再次审议及股东会审议通过，以及 深圳证券交易所审核同意及中国证券监督管理委员会注册后方可正式实施。公司股票于2025年12月24日 开市起复牌。 ...

Core Viewpoint - Bertli is planning to issue overseas shares (H-shares) and list on the Hong Kong Stock Exchange to enhance its international strategy, improve overseas capacity layout, increase brand influence, and diversify financing channels for high-quality development [1] Group 1 - The company aims to deepen its international strategic layout through the issuance of H-shares [1] - The H-share listing is intended to enhance the company's brand's international influence [1] - The specific details of the H-share issuance are yet to be determined and will require approval from the board of directors and shareholders [1] Group 2 - The H-share listing will not result in changes to the company's controlling shareholder or actual controller [1] - The process will involve regulatory review by the China Securities Regulatory Commission and the Hong Kong Stock Exchange [1]

新京报贝壳财经讯 12月23日，华新建材发布公告称，公司于近日接到公司持股5%以上的股东华新集团 通知，华新集团拟自公告披露之日起6个月内通过上海证券交易所交易系统以集中竞价交易方式增持公 司A股股份，增持总金额不低于2亿元，不超过4亿元。 ...

尹同跃表示，奇瑞人的目标与星途的使命是瞄准新质生产力与向上的年轻一代，打造与他们精神世界深度共鸣、生活方式完美契合的高情感、高势能 豪华品牌。星途要深度理解全球年轻用户追求趣味、个性的生活方式。 编辑 王进雨 校对 柳宝庆 新京报贝壳财经讯（记者林子）12月23日，奇瑞方面宣布旗下品牌星途正式开启3.0时代。未来，星途将从基础性能、价值体验、情绪表达三大层面持 续进阶，打造面向新时代的豪华品牌体系，开启中国汽车品牌迈向全球豪华市场的新征程。"星途品牌，从不模仿和跟随别人的豪华车定义。"奇瑞汽 车股份有限公司董事长尹同跃在活动现场表示，在新能源与智能化汽车全面到来的时代，奇瑞希望成为全球新能源智能化豪华品牌的定义者。 奇瑞汽车董事长尹同跃。企业供图 ...

【#格力电器暂无铝代铜计划# 因铜材性能更可靠】智通财经12月23日电，格力电器在互动平台表示， 铜是空调的核心原材料，占空调成本的20%左右，尽管同等情况下，铝材成本约为铜材的1/12（价格约 为1/4，密度约为1/3），但其在熔点、热传导系数、电阻率、耐腐蚀等参数以及长期可靠性等方面与铜 存在较大差距，在其性能、质量和可靠性不能完全保证的情况下，公司暂时没有铝代铜计划。公司重视 铝代铜技术研究，并将持续关注行业动态。 (智通财经) ...

编辑 王进雨 新京报贝壳财经讯 12月23日，佰维存储公告，公司已通过集中竞价交易方式累计回购139.91万股，占总 股本的0.2998%，实际回购金额为1.4亿元，回购价格区间为96.55元/股至113.118元/股。公司表示，回购 股份将用于减少注册资本，并计划于2025年12月24日注销所回购的股份。 ...

编辑 王进雨 新京报贝壳财经讯 12月23日，华蓝集团公告，2025年11月17日，实际控制人雷翔、赵成、吴广意、钟 毅、莫海量、邓勇杰及李嘉与栩桐投资签署了《股份转让协议》，转让方将其合计持有的851.13万股股 份(占总股本的5.79%)转让给栩桐投资。同时，雷翔、赵成、钟毅、莫海量将其合计持有的2016.08万股 股份(占总股本的13.71%)项下的股东表决权等全权委托给栩桐投资。本次股份转让及表决权委托完成 后，栩桐投资拥有表决权的比例为19.50%，成为公司的控股股东。公司实际控制人由雷翔等变更为林 伟。股份过户登记手续已办理完成。 ...