记者丨 江佩佩 李益文 见习记者张嘉钰 编辑丨谢珍 12月23日，A股 早盘震荡拉升， 截至收盘，沪指涨0.34%，深成指涨0.65%，创业板指涨0.78%。沪深两市半日成交额1.25万亿，较上个交易 日放量523亿。盘面上热点快速轮动，全市场超3300只个股下跌。 | 内地股票 L | | | | --- | --- | --- | | 行情 | 资金净流入 | 涨跌分布 | | 上证指数 | 深证成指 | 北证50 | | 3930.87 | 13419.60 | 1451.34 | | +13.50 +0.34% +86.87 +0.65% +2.05 +0.14% | | | | 科创50 | 创业板指 | 万得全A | | 1342.37 | 3217.02 | 6339.53 | | +7.12 +0.53% +25.04 +0.78% +20.44 +0.32% | | | | 沪深300 | 中证500 | 中证A500 | | 4635.13 | 7285.43 | 5610.22 | | +23.51 +0.51% +29.77 +0.41% +29.94 +0.54% | | | | 中 ...

Group 1 - The first commercial rocket "Han Guang-Nano" from South Korean private space company INNOSPACE was launched at 10:13 AM on the 23rd in Brazil, but the launch ended in failure due to a suspected explosion shortly after liftoff [1] - INNOSPACE is part of the growing private space industry in South Korea, which is aiming to enhance its capabilities in satellite launches and space exploration [1] Group 2 - A GPU giant is preparing for an IPO despite reporting losses exceeding 2.8 billion, with a valuation of 12 billion [2] - The stock market has seen a three-day rally, with Chinese concept stocks rising, including a nearly 11% increase in Canadian Solar [2] - Precious metals like gold and silver have reached new highs, while crude oil has experienced a significant rebound [2]

Group 1 - The core viewpoint of the article highlights the significant rise in gold prices, with spot gold reaching a historical high of $4,497.75 per ounce on December 23, driven by international market dynamics and geopolitical uncertainties [1][4]. - Domestic gold jewelry prices have also seen notable increases, with brands like Chow Sang Sang and Lao Miao Gold exceeding 1,400 RMB per gram, reflecting daily increases of 36 RMB and 35 RMB respectively [1][2]. - The strong performance of gold prices in 2023 is attributed to multiple factors, including ongoing central bank gold purchases, geopolitical risks, and market adjustments to the Federal Reserve's interest rate policies [3]. Group 2 - Goldman Sachs projects that gold prices will rise to $4,900 per ounce by December 2026, supported by structural demand from central banks and cyclical support from Federal Reserve rate cuts [4]. - In the A-share market, eight precious metal stocks have seen their prices double this year, indicating a robust market response to the rising gold prices [5][6]. - Notably, several precious metal concept stocks maintain price-to-earnings ratios below 30, suggesting potential investment opportunities, with companies like Zijin Mining and Chifeng Jilong Gold among them [6][7].

今天，央视新闻记者从国家文物局获悉，国家文物局成立工作组，就南京博物院文物管理中的 有关情况开展核查。 来源丨央视新闻 ...

Core Viewpoint - TianShuZhiXin Semiconductor Co., Ltd. has passed the Hong Kong Stock Exchange listing hearing, potentially becoming a new player in the domestic GPU market, competing with BiRan Technology for the title of "first domestic GPU stock" in Hong Kong [1][2]. Business Expansion - The company has expanded its business from AI training to include AI inference and intelligent computing solutions, reflecting a broader market strategy [6][9]. - The revenue from AI training products has remained stable, while AI inference products have seen rapid growth in sales volume, although at a lower average price [8][9]. Financial Performance - From 2022 to 2024, the company reported revenues of RMB 189 million, RMB 289 million (+52.91%), and RMB 539 million (+86.85%), with a compound annual growth rate of 68.8% [5][12]. - The company has incurred significant losses, totaling over RMB 2.8 billion since 2022, with net losses of RMB 553 million, RMB 817 million, and RMB 892 million for the respective years [3][11]. Product Development - TianShuZhiXin is the first company in China to achieve mass production of both inference and training general-purpose GPU chips, utilizing 7nm process technology [4]. - The company has launched several product generations, including the TianYuan series for training and the ZhiKai series for inference, with plans for future releases [4][10]. Gross Margin and Profitability - The gross margin for general-purpose GPU products has been maintained between 53% and 61%, with training series products showing better profitability compared to AI solutions [12][14]. - The average selling price of training products has increased from approximately RMB 24,400 to RMB 38,600, while the average price for inference products has decreased due to market competition [6][14]. R&D Investment - The company has invested heavily in R&D, with expenditures significantly exceeding revenue, accounting for 241.1%, 213.1%, and 143.2% of total revenue from 2022 to 2024 [12][11]. - The focus of R&D has been on developing new products and optimizing existing solutions, which is crucial for future profitability [12][15]. Future Outlook - The company plans to enhance its product offerings and improve cost control through better design standards and deeper collaboration with ecosystem partners [15]. - The next-generation ZhiKai products will be optimized for emerging large language models, indicating a strategic focus on high-demand market segments [9][10].

Core Viewpoint - The opening of the Guangzhan and Shantou South to Shantou sections of the high-speed rail marks a significant milestone in achieving the comprehensive connectivity of Guangdong's high-speed rail network, which is crucial for the successful implementation of the "14th Five-Year Plan" and the "Hundred Counties, Thousand Towns, and Ten Thousand Villages" project [1][2]. Group 1 - The "Hundred Counties, Thousand Towns, and Ten Thousand Villages" project aims to address the imbalance in urban and rural development in Guangdong, where the economic output of the eastern, western, and northern regions accounts for less than 20% of the province's total despite covering nearly 70% of its area [1][2]. - The project has made significant progress since its launch in December 2022, focusing on income growth, industrial development, environmental sustainability, and reform as key drivers for transformation [1][3]. - Guangdong's historical and geographical factors have contributed to urban-rural disparities, necessitating a combination of effective markets and proactive government actions to stimulate endogenous growth and reduce these gaps [1][2]. Group 2 - The project adopts a tailored approach based on local conditions, leveraging regional resources to promote differentiated development, with a focus on agricultural products like lychees, pineapples, and chickens, which have gained national and international recognition [2][3]. - As a maritime economy powerhouse, the eastern and western regions of Guangdong are developing marine ranches and offshore wind power, optimizing spatial and functional coordination across the province [2][3]. - The establishment of a policy coordination network across the province enhances resource allocation and regional asset activation, with a five-level command system facilitating effective collaboration and resource sharing [3]. Group 3 - The success of the "Hundred Counties, Thousand Towns, and Ten Thousand Villages" project relies on reform as a key strategy, with over 100 reform measures implemented to enhance policy support and innovation [3]. - The project is currently at a critical juncture, having achieved initial results within three years, with a vision for significant changes over the next ten years to address urban-rural development imbalances [3].

Core Viewpoint - The article emphasizes the proactive role of Agricultural Bank of China Guangdong Branch in supporting the "Hundred Counties, Thousand Towns, and Ten Thousand Villages High-Quality Development Project," showcasing its commitment to rural revitalization through substantial financial support and innovative service models [1][3]. Financial Support and Achievements - As of October 2025, the Agricultural Bank of China Guangdong Branch has provided over 600 billion yuan in county loans and over 500 billion yuan in agricultural loans, marking an increase of 210 billion yuan and 160 billion yuan respectively since the project's initiation [1]. - The bank has been recognized as "Excellent" in the People's Bank of China’s evaluation of financial services for rural revitalization for five consecutive years, establishing itself as a solid financial backbone for the "Hundred Counties, Thousand Towns" initiative [1]. Systematic Approach and Collaboration - The bank has implemented a systematic approach by launching four major actions focused on financial services for industrial revitalization, county empowerment, aesthetic enhancement, and quality improvement [3]. - It has established a regular communication mechanism with provincial departments to align financial services with policy directions and project needs, resulting in the issuance of 1 billion yuan in loans across 12 pilot counties [4]. Focus Areas for Development - The bank targets three key areas: industrial development, urban-rural construction, and farmer income increase, channeling credit resources to stimulate local economies [5][6]. - In the industrial development sector, the bank has created a financial service system that supports the entire industrial chain, with over 320 billion yuan in loans for food security, reflecting a 38% increase since the beginning of the year [6]. Support for Cultural and Tourism Industries - The bank has introduced specialized policies and products to support key cultural and tourism projects, with outstanding loans in this sector nearing 200 billion yuan, benefiting over 1,500 enterprises [8]. Rural Financial Services and Accessibility - The bank has developed a model combining mobile financial service teams and rural revitalization service stations to enhance accessibility in underserved areas, planning to establish 200 service stations in towns lacking physical branches [13]. - A dedicated customer manager system has been implemented to ensure tailored financial services are available at the community level [13]. Product Innovation and Customization - The bank has established a comprehensive product system with over 100 tailored financial products for rural industries, including customized loans for marine ranching and rural industrial development [14]. - Collaborative efforts with investment funds have been initiated to support high-quality county economic development projects, including a 360 million yuan investment in a local company [14]. Case Studies of Financial Impact - In Meizhou, the bank has supported the local pomelo industry with 1.1 billion yuan in loans, benefiting over 5,700 farmers and contributing to a nearly 10 billion yuan annual output value [15]. - In Qingyuan, the bank's "White Pigeon Loan" has facilitated the expansion of local poultry farming, with over 28 million yuan in loans issued, significantly boosting local production [17]. - In Huizhou, the bank has provided 150 million yuan in credit to support the development of a comprehensive tourism project, creating over 100 jobs and stimulating local economic activity [18].

12月23日0点30分许，北京公安局海淀分局接线工作人员表示，目前已接到多个群众报案，正 在了解相关情况。 12月22日晚， 据红星新闻报道， 众多网友反映快手直播间出现大量色情内容，包括播放淫秽 影片、主播擦边低俗表演等，有的直播间直播观看人数上万。 23日凌晨，快手方面对中新经纬表示，22日22时左右，平台遭到黑灰产攻击，目前已紧急处理 修复中，平台坚决抵制违规内容，相应情况已上报给相关部门，并向公安机关报警。 来源丨红星新闻、中新经纬 编辑丨江佩佩 见习编辑张嘉钰 美股三连阳，中概股普涨，阿特斯太阳能涨近11%，黄金白银再创新高，原油大反弹 广州第一芯IPO重大进展，拟募资75亿，国资入局 搭上马斯克，陕西杀出可控核聚变大牛股，涨幅翻倍，市值创新高 SFC 21君荐读 ...

2003年诺贝尔经济学奖得主、上海纽约大学金融波动研究所（VINS）联席所长罗伯特·恩格尔 （Robert Engle）在接受21世纪经济报道记者独家专访时表示，导火索可能是通货膨胀。"关 税很可能会引发通货膨胀，如果今年冬天、明年春天通胀率持续走高，尤其是在劳动力市场疲 软的情况下，美联储将无法决定是加息还是降息，因此，低利率的好处将无法显现，债券价格 将会暴跌，股市也将大幅下跌。" 对于人工智能的风险，恩格尔不认为这是一个典型的泡沫。人工智能是否会彻底改变我们所看 到的一切，不再需要任何员工，或者它仅仅是一个提高现有工人效率的工具，这一问题存在着 如此多截然不同的观点。 恩格尔是著名计量经济学家，其创立的ARCH模型在经济、财务、统计等领域具有跨学界的贡 献。2003年，凭借开创性工作，恩格尔被瑞典皇家科学院授予诺贝尔经济学奖。他提出的 ARCH模型已成为经济界用来进行研究以及金融市场分析人士用来评估价格和风险必不可少的 工具。 编辑丨和佳 李艳霞 视频丨许婷婷 实习生余艾憧 "日中则昃，月盈则食，天地盈虚，与时消息"。万物皆有周期，金融市场也不例外。关键问题 是：下一场危机的导火索在哪儿？ 整体而言，恩 ...

记者丨江佩佩 吴斌 见习记者张嘉钰 编辑丨谢珍 当地时间12月22日， 美股高开高收，三大指数均连涨三日。 标普500指数涨0.64%，纳指涨0.52%，道指涨0.47%。 银行股全线上涨，摩根大通涨近2%，高盛涨0.6%，花旗涨超2% 创17年多新高 ，摩根士丹利涨逾1%，美国银行涨超1%，富国银行涨逾 1%。 特斯拉涨超1%，盘中一度涨超3%创历史新高，股价逼近500美元关口。消息面上，据财联社，分析认为，特斯拉股价近期飙升的部分原因 是其首席执行官埃隆·马斯克取得了一项重大的法律胜利——特拉华州最高法院上周恢复了马斯克2018年的薪酬方案，该薪酬方案一度价值 560亿美元。 | 特斯拉(TESLA) | | --- | | 道琼斯 | 纳斯达克 | 标普500 | | --- | --- | --- | | 48362.68 | 23428.83 | 6878.49 | | +227.79 +0.47% +121.21 +0.52% +43.99 +0.64% | | | | 中国金龙 | 纳指100期货 | 标普500期货 | | 7683.26 | 25700.25 | 6930.75 | | +4 ...