Core Viewpoint - The article highlights the significant increase in gold prices, which has led to heightened activity in the mining sector, particularly among Chinese companies seeking to acquire overseas gold assets. The international gold price reached a historic high of $4,420 per ounce, marking a year-to-date increase of approximately 68% [1]. Group 1: Gold Price and Market Activity - The international gold price has surpassed previous highs, with a notable increase in trading activity within the industry as prices rise [1]. - In December alone, several Chinese companies, including Jiangxi Copper, Lingbao Gold, and Luoyang Molybdenum, announced acquisitions of overseas gold mining assets [1]. Group 2: Mergers and Acquisitions - A total of 297 billion yuan has been allocated for new overseas gold mining acquisition projects by Chinese mining companies this year, with targets spread across Africa, South America, and Central Asia [2]. - Major acquisitions include Zijin Mining's $1.2 billion purchase of Kazakhstan's RG Gold Mine and Luoyang Molybdenum's ongoing acquisitions in Brazil and Ecuador, with total investments reaching 10.145 billion yuan [2][8]. Group 3: Industry Trends and Future Outlook - The Chinese Ministry of Industry and Information Technology emphasizes the need for Chinese enterprises to enhance international cooperation and integrate into the global gold supply chain [3][6]. - The article notes that gold has become the most sought-after asset in the global mining M&A market, with gold asset transactions expected to account for 70% of the mining industry's total in 2024 [5]. Group 4: Strategic Shifts in Mining Companies - Companies like Luoyang Molybdenum are shifting their focus towards gold, as evidenced by their recent acquisitions despite previously selling off copper-gold assets [8]. - The article suggests that the trend of increasing gold asset acquisitions among Chinese mining companies will likely continue, driven by the high international gold prices and the strategic importance of gold in their resource portfolios [10][17].

Core Viewpoint - The "China Lang Partner Plan" is launched as a comprehensive brand strategy aimed at strengthening channel foundations and empowering terminals, with Jiangsu Nanjing as the first stop for implementation [1][3][4]. Group 1: "China Lang Partner Plan" Launch - The plan emphasizes the importance of channel partners and distributors as valuable resources for the company [4]. - Four commitments are made to address core terminal demands: enhancing service support, resource allocation to high-star partners, ensuring reasonable profits, and maintaining a long-term perspective [4][5]. - The company aims to establish Jiangsu as a strategic development market, focusing on deep market penetration and consumer cultivation [4][5]. Group 2: Market Strategy and Execution - The company plans a "three-year saturation attack" strategy, utilizing a tailored approach for each region and distributor [9][15]. - There are over 60,000 existing channel networks in Jiangsu, which will be enhanced through a tiered management system [9][15]. - The company has previously achieved significant sales in Jiangsu, with a record of 2 billion in sales, indicating a strong market presence [13]. Group 3: Brand Activities and Consumer Engagement - The company is leveraging high-profile brand events, such as the "China Lang Night" and "Red Flower Lang Spring Festival Season," to enhance brand recognition and consumer connection [11][12]. - The brand aims to create a strong brand atmosphere in Jiangsu through continuous and intensive brand exposure [15][17]. - The integration of quality, brand, and taste is emphasized as a strategy to strengthen relationships with channel partners and enhance customer loyalty [15][17]. Group 4: Future Outlook - The success of the Jiangsu campaign will serve as a test for the effectiveness of the integrated market strategy, which could be replicated in other core markets [17]. - The company is positioned to adapt to industry adjustments and reshape market dynamics through its strategic initiatives in Jiangsu [17].

Market Holiday Schedule - The Shanghai, Shenzhen, and Beijing stock exchanges announced the holiday market closure schedule for 2026, including specific dates for New Year, Spring Festival, Qingming Festival, Labor Day, Dragon Boat Festival, Mid-Autumn Festival, and National Day [1] - The market will be closed for New Year from January 1 to January 3, reopening on January 5 [1] - The Spring Festival closure will be from February 15 to February 23, with reopening on February 24 [1] - Qingming Festival will see the market closed from April 4 to April 6, reopening on April 7 [1] - Labor Day will have a closure from May 1 to May 5, reopening on May 6 [1] - The Dragon Boat Festival will be closed from June 19 to June 21, reopening on June 22 [1] - Mid-Autumn Festival will have a closure from September 25 to September 27, reopening on September 28 [1] - National Day will see the market closed from October 1 to October 7, reopening on October 8 [1] Hong Kong Stock Connect Trading Days - The Hong Kong Stock Connect trading days for 2026 will follow the A-share trading days, with specific closures during holidays [2] - The trading will not be available for New Year from January 1 to January 3, resuming on January 5 [2] - For the Spring Festival, trading will be unavailable from February 15 to February 23, resuming on February 24 [2] - The market will not provide services during the Hong Kong Good Friday and Easter from April 3 to April 7, resuming on April 8 [2] - Labor Day will see a trading halt from May 1 to May 5, resuming on May 6 [2] - Other holidays affecting trading include Buddha's Birthday on May 25, Dragon Boat Festival from June 19 to June 21, and National Day from October 1 to October 7 [4]

2025年的牛市是贵金属的，黄金、白银双双创出历史新高。其中， 白银的涨幅居首，年内涨幅逼近140%，黄金上涨67% 。显然贵金属的亮 眼表现，让大多数机构始料未及，不少大机构连夜为研报"打补丁"，不过仍然赶不上金银的上涨趋势，金银成投资界"最靓的仔" 记者丨 叶麦穗 编辑丨 曾芳 黄金年内4 7次创历史新高 现货黄金今年先后47次创历史新高。 12月22日，突破10月20日的高点，4381.11美元/盎司，再创历史新高，盘中最高触及4409.17美元/盎 司，年内涨幅超过67%，也是黄金历史上首次突破4400美元/盎司（截至北京时间14：20分，下同）。 零售金店的金价也是芝麻开花节节高。 近日，周大福的天猫官方旗舰店已悄然挂出涨价提示。据了解，这已是该品牌年内第三次上调产品价 格。 （截至北京时间2025年12月22日18:55，伦敦金现报4411.23 美元/盎司 ） 黄金已经连续三年熠熠生辉。自2023年，黄金以1826.51美元/盎司开盘，随后展开了这一波波澜壮阔的牛市， 三年累计涨幅高达138% ，成 为全资产池"最靓的仔"。 现货涨不停，黄金股的股价也跟着水涨船高，如紫金矿业今日盘中触及32.7 ...

Core Viewpoint - The article discusses the transformative impact of generative AI on the video and content creation industry, highlighting how AI technologies are reshaping artistic expression and production efficiency, particularly through the advancements made by companies like Keling AI [1][2][5]. Group 1: AI Technology and Industry Impact - Generative AI is enabling the creation of high-quality videos and digital art, allowing for rapid production and innovative storytelling [1][6]. - Keling AI has launched several models, including Keling O1 and Keling 2.6, which enhance the capabilities of content creators and facilitate collaboration across various artistic fields [2][19]. - The integration of AI in video production has significantly reduced costs and production times, exemplified by the creation of the micro-drama "Shan Hai Qi Jing," where 99% of the footage was AI-generated, cutting the production cycle from over six months to two months [7][19]. Group 2: Collaboration and Ecosystem Development - Keling AI emphasizes the importance of collaboration with creators and partners to accelerate the production of quality content using AI [2][10]. - The company has built a global creator ecosystem, allowing diverse individuals to participate in content creation, thus democratizing the creative process [14][15]. - Initiatives like the "Inspiration Realization" global short film collection plan have attracted creators from over 60 countries, showcasing the potential of AI in fostering global creative collaboration [15][16]. Group 3: Future of AI in Art and Creativity - Experts highlight that while AI enhances efficiency, human creativity remains irreplaceable, suggesting a symbiotic relationship between AI tools and human artists [8][10]. - The advancements in AI technology are expected to further blur the lines between creators and consumers, leading to a more inclusive creative landscape [14][18]. - Keling AI's ongoing updates and model iterations aim to refine user experience and expand the creative possibilities for both novice and professional creators [12][19].

Core Viewpoint - The announcement of CEO Lu Weibao's retirement by Hang Lung Group and Hang Lung Properties marks a significant transition as the company enters a new era under the leadership of Chen Wenbo, the third-generation successor, amidst ongoing challenges in the real estate market and a strategic transformation towards optimizing existing assets [5][7][14]. Group 1: Management Transition - Lu Weibao will retire by August 31, 2026, and will continue to provide advisory support to the group [5][14]. - This change follows the retirement of former chairman Chen Qizong in 2024, indicating a shift to a management team led by Chen Wenbo [5][7]. - The transition is seen as a natural progression in the company's strategic transformation, with Lu having laid the groundwork for the "V.3" strategy [7][14]. Group 2: Strategic Transformation - The "V.3" strategy aims to shift from heavy asset expansion to optimizing existing assets, responding to the challenges posed by the real estate market and luxury consumption decline [7][10]. - The company has begun to adapt its operational logic by no longer distinguishing between "high-end" and "mid-range" shopping centers, indicating a more flexible approach to market demands [8][10]. - Recent operational data shows a 15% increase in total tenant sales for mainland properties during the National Day holiday, with significant sales growth in key locations [8][9]. Group 3: Market Challenges - Hang Lung's rental income from mainland properties fell by 2% to HKD 31.99 billion in the first half of 2025, with flagship projects experiencing a decline in occupancy rates [8][9]. - The office market remains under pressure, with a 5% drop in income from mainland office buildings in the first half of the year [10]. - The company faces challenges in balancing the introduction of new retail concepts while maintaining its high-end positioning to avoid losing its existing customer base [10][13]. Group 4: Future Outlook - The selection of Lu Weibao's successor will be closely watched, as the new CEO's ability to uphold strategic consensus and navigate multiple challenges will be crucial for the company's transformation [14]. - The core value of prime commercial locations remains a significant asset, supported by favorable policies and consumer potential in new first-tier cities [13][14]. - The successful execution of the "V.3" strategy and the management transition will be pivotal for restoring investor confidence and achieving sustainable growth [13][14].

Group 1 - The core point of the article is that domestic fuel prices in China will be reduced due to the decline in international oil prices, with gasoline and diesel prices decreasing by 170 yuan and 165 yuan per ton respectively starting from December 22 [1] - The average price reduction for 92-octane gasoline is 0.13 yuan per liter, while 95-octane gasoline and 0-diesel will see reductions of 0.14 yuan per liter [1] - In 2025, there were a total of 25 rounds of retail fuel price adjustments, with 7 increases, 12 decreases, and 6 instances of no change [1] Group 2 - Cumulative reductions for standard gasoline and diesel are 915 yuan per ton and 880 yuan per ton respectively, translating to price decreases of 0.72 yuan, 0.76 yuan, and 0.75 yuan per liter for 92-octane gasoline, 95-octane gasoline, and 0-diesel [1]

Core Viewpoint - Xiaomi Group is set to increase the price of its upcoming flagship model, Xiaomi 17 Ultra, due to rising memory costs and overall production expenses [4]. Group 1 - The launch event for Xiaomi 17 Ultra is scheduled for December 25 [1]. - Xiaomi Group's president, Lu Weibing, indicated that the price increase is a result of significant growth in AI and rising memory costs, which are expected to continue increasing through 2027 [4]. - The previous model, Xiaomi 15 Ultra, was marketed as the last model priced at 6499 yuan, but the current price adjustment for Xiaomi 17 Ultra is primarily driven by memory cost increases, which are higher than those for processors and camera configurations [4]. Group 2 - Xiaomi 17 Ultra will be the first product developed under the strategic collaboration with Leica, featuring the Leica APO certification for long-focus imaging, promising advancements in night scene quality and detail in high dynamic range scenarios [4]. - As of December 22, Xiaomi Group's stock closed at 39.80 HKD, down 1.83%, with a market capitalization of 1 trillion HKD [5].

12月22日，外交部发言人林剑主持例行记者会。 林剑强调，如果日本敢冒天下之大不韪，挑战国际正义，试探国际社会底线，我们绝不答应。 林剑指出，中方和全世界爱好和平的国家高度警惕并坚决反对日本在核武器问题上的危险倾 向，强烈敦促日方恪守国际法和自身宪法，停止在拥核问题上的试探挑衅，不要妄图挑战战后 国际秩序，不要在错误的道路上继续狂奔下去。 来源：央视新闻 林剑表示，中方对日本首相官邸高官、首相侧近公然宣称日本应该拥有核武器感到震惊。日本 内阁官房长官拒绝就此作出澄清，日本的防卫大臣还就是否修改"无核三原则"宣称，"不排除 任何选项"。联系到日本媒体此前报道高市首相计划修改"无核三原则"，上述的言论是对战后 国际秩序和国际核不扩散体系的公然挑衅，对地区和国际和平稳定的严重威胁，对日本宣 称"走和平发展道路"的完全背离，绝非"个人行为"可以搪塞敷衍，国际社会必须对此高度警惕 和坚决反对。 有记者问：近日，日本首相官邸一位负责安保政策的高官向媒体宣称，日本应该拥有核武器。 此后，日本防卫大臣称推进讨论"无核三原则"时不排除任何选项。上述言论引发日本国内各界 人士和俄罗斯等周边国家强烈批评。请问中方对此有何评论？ ...

日韩股市也集体收涨。日经225指数收盘上涨895.18点，涨幅1.81%，报50402.39点。韩国 KOSPI指数收盘上涨85.38点，涨幅2.12%，报4105.93点。 A股科技赛道午后延续强势，CPO、无人驾驶、人工智能、人形机器人、半导体板块全线上 涨。 记者丨江佩霞 李益文 编辑丨叶映橙 12月22日，市场高开高走，A股三大指数集体反弹， 截至收盘，沪指涨0.69%，深成指涨 1.47%，创业板指涨2.23%。 沪深两市成交额1.88万亿，较上一个交易日放量1360亿。盘面 上，市场热点快速轮动，全市场近3000只个股上涨，其中有105只个股涨停。海南自贸区、贵 金属、算力硬件等板块涨幅居前。 | 上证指数 | 深证成指 | 北证50 | | --- | --- | --- | | 3917.36 | 13332.73 | 1449.28 | | +26.92 +0.69% | +192.52 +1.47% | +3.44 +0.24% | | 科创50 | 创业板指 | 万得全A | | 1335.25 | 3191.98 | 6319.09 | | +26.66 +2.04% | +69.75 ...