当地时间1月7日，美国国防部长赫格塞思在接受采访时，与美国有线电视新闻网（CNN）记者发生激烈争 吵。当被问到，美国针对委内瑞拉的行动耗费纳税人多少钱时，赫格塞思情绪突然激动，指责CNN记者故意 搞针对，试图破坏此次任务的成功。 来源：环球时报 责编：汪云鹏 校对： 冉燕青 百万用户都在看 中共中央政治局常务委员会召开会议 大动作！"国家队"，重磅出手！ 特朗普，突袭！刚刚，集体大跳水！ 港股，突发！高盛，最新发声！动能减弱？ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 券中社 × 券商中国 券 中 社 扫码下载券中社APP 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 舞中 券中社APP 券 商 中 国 是 证 券 市 场 权 威 媒 体 《 证 券 时 报 》 旗 下 新 媒 体 , 券 商 中 国 对 该 平 台 所 刊 载 的 原 创 内 容 享 有 著 作 权 , 未 经 授 权 禁 止 转 载 ， 否 则 将 追 究 相 应 法 律 责 任 。 看券商中国 知天下财经 F ...

Core Viewpoint - The article discusses the "land-grabbing" strategy of fund companies in the index fund market, highlighting the trend of major public funds issuing multiple products linked to a single index to capture market share and meet diverse investor needs [2][10]. Group 1: Fund Company Strategies - Major public funds like Huatai-PB, Huitianfu, and E Fund are adopting a "one index, multiple products" strategy, continuously launching various forms of products linked to a single index to dominate market share [2][10]. - This strategy involves first establishing core products (such as ETFs) to achieve scale effects, followed by the gradual issuance of other products based on market conditions [2][4]. Group 2: Index Fund Market Dynamics - The CSI A500 index, launched in September 2024, has attracted nearly 80 fund companies, with Huatai-PB's CSI A500 ETF reaching a scale of over 50 billion yuan by January 7, 2025, making it the largest fund tracking this index [3][5]. - Other major public funds have also launched multiple products linked to the CSI A500 index, with E Fund having over five related products, indicating a trend of extensive product offerings in this popular index [3][4]. Group 3: Performance and Market Trends - As of January 7, 2025, several CSI A500 ETFs have shown significant net inflows, with Huatai-PB's fund seeing a net inflow of 26.17 billion yuan since 2025 [5][6]. - The article notes that the "one index, multiple products" strategy is not limited to the CSI A500 index but is also applied to other indices like the CSI 300, reflecting a broader trend in the index fund market [8][9]. Group 4: Future Outlook - The shift towards index funds is driven by changing investor preferences and the increasing complexity of market conditions, leading fund companies to diversify their product lines to meet varied funding demands [10][11]. - The article suggests that while major public funds are actively expanding their index fund offerings, smaller public funds may struggle to compete effectively in this evolving landscape [10][11].

Group 1 - MiniMax, one of the "AI Six Tigers," experienced a significant increase in its dark market performance, with a rise of 24.61% on Futu and 26.79% on Huatai, leading to a total market capitalization of approximately HKD 628 billion [1][2] - The IPO of MiniMax was highly sought after by global institutional investors, with cornerstone investors securing about 70% of the subscription, and the overall institutional subscription exceeding 70 times, with over 460 institutions participating [1][6] - The IPO price for MiniMax was set at HKD 165 per share, with a total of 25.39 million shares issued, raising approximately HKD 4.189 billion [2] Group 2 - The dark market performance of MiniMax outperformed that of another "AI Six Tiger," Zhizhu, which saw a rise of only 6.02% in its dark market trading [4] - Zhizhu's IPO involved a global offering of 37.42 million shares, with a public offering portion accounting for 20% and an international offering for 80%, raising approximately HKD 4.173 billion [4][5] - On its official listing day, Zhizhu opened at HKD 120 per share and closed at HKD 131.5, marking a 13.17% increase and a total market capitalization of HKD 578.9 billion [5] Group 3 - MiniMax attracted a strong lineup of cornerstone investors, including notable institutions such as ADIA, Alibaba, and Mirae Asset, with a total subscription amount reaching USD 350 million (approximately HKD 272.3 million) [6] - Similar to MiniMax, Zhizhu also garnered significant interest from a diverse group of cornerstone investors, raising HKD 2.98 billion from 11 cornerstone investors [7] - Both companies have successfully attracted substantial investments from various sectors, including state-owned enterprises, insurance capital, and leading private equity firms, indicating strong market confidence in the AI sector [6][7]

Core Viewpoint - Northern Long Dragon plans to acquire 51% of Shunyi Technology through cash payment, which is expected to constitute a major asset restructuring [1][2]. Group 1: Company Overview - Northern Long Dragon focuses on military equipment, specializing in the research, design, production, and sales of military vehicle supporting equipment, utilizing non-metal composite materials [3]. - The company’s products are widely used in electronic information, armored combat, and armored support vehicles, enhancing mobility, safety, reliability, and environmental adaptability [3]. - In the first three quarters of 2025, Northern Long Dragon achieved revenue of 122 million yuan, a year-on-year increase of 159.21%, and a net profit of 11.29 million yuan, compared to a loss of 10.40 million yuan in the same period last year [3]. Group 2: Acquisition Details - The acquisition of Shunyi Technology is expected to enhance Northern Long Dragon's business scale and profitability, improving its operational risk resistance and overall asset quality [2]. - The transaction does not involve issuing shares or related party transactions, and it will not change the controlling shareholder or actual controller of Northern Long Dragon [2]. Group 3: Shunyi Technology Overview - Shunyi Technology is a high-tech enterprise specializing in the development, production, and sales of equipment health management systems and intelligent detection devices, primarily serving the defense technology sector [5]. - The company’s products are aligned with trends in defense equipment informationization and management, covering various technical fields for comprehensive monitoring and fault prediction [5]. - Shunyi Technology's revenue for 2023, 2024, and the first quarter of 2025 was reported at 284 million yuan, 225 million yuan, and 2.84 million yuan respectively, with net profits of 27.72 million yuan, 54.88 million yuan, and a loss of 1.18 million yuan [6].

Core Viewpoint - The merger between China Petroleum & Chemical Corporation (Sinopec) and China Aviation Oil Group aims to enhance national aviation energy supply security, promote green and low-carbon transformation in aviation energy supply, and establish a world-class aviation energy supplier [1][2]. Group 1: Company Overview - Sinopec is the largest refined oil and petrochemical product supplier in China, the world's largest refining company, and the second-largest chemical company, with a comprehensive energy industry chain [2]. - China Aviation Oil is the largest integrated aviation fuel service provider in Asia, involved in procurement, transportation, storage, testing, sales, and refueling of aviation fuel [2]. Group 2: Market Potential - The demand for aviation kerosene in China is projected to reach approximately 50 million tons by 2030, with an average annual growth rate of around 4% during the 14th Five-Year Plan period [2]. - According to S&P forecasts, China's aviation fuel consumption is expected to grow to 75 million tons by 2040 [2]. Group 3: Synergies and Competitive Position - The merger is expected to create significant synergies by leveraging integrated refining and aviation fuel supply systems, reducing intermediate links, and lowering supply costs [3]. - Currently, China's aviation fuel production, sales, and refueling operations are fragmented across different companies, which limits overall competitiveness compared to international integrated oil and gas companies [3]. Group 4: Green Transformation - The merger will facilitate the high-quality development of sustainable aviation fuel (SAF) industry, with Sinopec being the first in Asia to have independent R&D and commercial production of bio-jet fuel [3]. - China Aviation Oil plays a crucial role in the promotion and ecological construction of SAF, and the merger will enhance collaboration in this area [3]. Group 5: Strategic Context - This merger marks the first central enterprise-level restructuring case entering the 14th Five-Year Plan, aligning with the government's push for strategic and professional mergers and acquisitions [4]. - The State-owned Assets Supervision and Administration Commission (SASAC) emphasizes the importance of integrating key technologies, market channels, and strategic resources through mergers [4].

新加坡国务资政李显龙8日在一个论坛上表示，美国对委内瑞拉的军事干预将对国际体系产生长期影响，令新 加坡等小国感到担忧。 李显龙说："我认为，（美国军事干预）对国际体系造成的长期后果是我们必须担忧的。从小国的角度看，如 果世界以这种方式运作，我们就有麻烦了。" 李显龙表示，新加坡对美国在委内瑞拉的军事干预表示严重关切，新加坡反对对他国的军事干预，因为"这违 反国际法，违反联合国宪章"。 来源：新华社 责编：汪云鹏 校对： 冉燕青 百万用户都在看 沸腾！满屏涨停！A股，集体爆发！ A股，最新调整！ 大动作！"国家队"，重磅出手！ 俄罗斯，发动大规模打击！泽连斯基，突然宣布！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 券中社 × 券商中国 券 中 社 扫码下载券中社APP 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 舞中 券中社APP 券 商 中 国 是 证 券 市 场 权 威 媒 体 《 证 券 时 报 》 旗 下 新 媒 体 , 券 商 中 国 对 该 平 台 所 刊 载 的 原 创 内 容 享 有 著 作 权 , 未 经 授 权 禁 止 ...

Core Viewpoint - The brokerage sector experienced a collective decline, with all 43 listed brokerages falling on January 8, indicating a potential correction after a rapid increase in stock prices [1][4]. Group 1: Market Performance - On January 8, the brokerage index dropped by 2.7%, with notable declines including Huayin Securities hitting the daily limit down, Hu'an Securities and Huatai Securities falling over 5%, and several others like Xinyi Securities and Guotai Haitong dropping over 4% [4][5]. - Huayin Securities closed at 16.92 yuan per share, with a trading volume of 4.28%, and a total market capitalization of 45.684 billion yuan [5]. Group 2: Investor Behavior - The trading data showed that Huayin Securities was heavily traded, with a net sell of 205 million yuan, indicating significant investor activity despite the price drop [5][6]. - Major selling came from Guotai Haitong and Aijian Securities, while buying interest was noted from Dongfang Securities and China Galaxy Securities [5][6]. Group 3: Future Outlook - Analysts suggest that the current pullback in the brokerage sector is a normal phenomenon following rapid price increases, with a long-term upward trend expected in a slow bull market [5]. - The brokerage sector is anticipated to see improved performance due to factors such as enhanced industry structure, balanced internal business growth, and increased return on equity (ROE) [8]. - By 2025, the brokerage sector is projected to achieve significant earnings growth, driven by a booming capital market and increased brokerage and credit business performance [8][9].

（原标题）两部门：督促雀巢（中国）有限公司做好相关批次婴幼儿配方乳粉召回工作 券中社 × 券商中国 券 中 社 扫码下载券中社APP 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 舞中 券中社APP 券 商 中 国 是 证 券 市 场 权 威 媒 体 《 证 券 时 报 》 旗 下 新 媒 体 , 券 商 中 国 对 该 平 台 所 刊 载 的 原 创 内 容 享 有 著 作 权 , 未 经 授 权 禁 止 转 载 ， 否 则 将 追 究 相 应 法 律 责 任 。 看券商中国 知天下财经 F 近日，雀巢公司在欧洲部分国家预防性召回特定批次婴幼儿配方乳粉产品。国务院食安办、市场监管总局对此 高度重视，第一时间督促雀巢（中国）有限公司认真落实企业主体责任，召回在中国境内销售的相关批次产 品，切实维护消费者合法权益。雀巢（中国）有限公司已按要求实施召回。国务院食安办、市场监管总局将持 续强化监管，做好相关工作，全力保障婴幼儿配方乳粉质量安全。 来源：央视新闻 责编：汪云鹏 校对： 冉燕青 百万用户都在看 沸腾！满屏涨停！A股，集体爆发！ A股，最新调整！ 大动作！"国家队"，重磅出手！ ...

Macro Dynamics - The Chinese Foreign Ministry warns that Japan's growing nuclear ambitions pose a serious threat to global peace and stability, urging Japan to clarify its stance on nuclear weapons and adhere to international treaties [2] Company Dynamics - Vanke A announces the resignation of its executive vice president, Yu Liang, due to retirement age, effective January 8, 2026 [10] - Moore Threads releases version 1.1 of its open-source distributed training simulation tool, SimuMax, enhancing its capabilities for large model training [11] - Hao Wei Group sets the final price for its H-share issuance at HKD 104.80 per share, expected to be listed on January 12, 2026 [13][14] - Wens Foodstuff Group forecasts a significant decline in net profit for 2025, estimating a drop of 40.73% to 46.12% year-on-year due to falling pig prices despite stable production management [15] - Jinli Permanent Magnet anticipates a substantial increase in net profit for 2025, projecting a growth of 127% to 161% year-on-year, driven by its applications in various industries including new energy vehicles and robotics [16] Market Data - The Shanghai Composite Index fell by 0.07%, while the Shenzhen Component and ChiNext Index dropped by 0.51% and 0.82% respectively, with significant activity in the commercial aerospace sector [7] - As of January 7, the financing balance on the Shanghai Stock Exchange reached CNY 12,982.15 billion, an increase of CNY 123.16 billion from the previous trading day [8] - The Hang Seng Index declined by 1.17%, with technology stocks underperforming, while the semiconductor sector saw gains [9] Regulatory Updates - The Ministry of Commerce emphasizes that companies engaging in foreign investments and technology exports must comply with Chinese laws and regulations, particularly in the context of Meta's acquisition of Manus [3] - The State Administration for Market Regulation addresses potential monopoly risks in the polysilicon market, leading to a significant drop in polysilicon futures prices [12] Urban Development - Guangzhou issues a plan to accelerate the development of advanced manufacturing, aiming to double industrial added value by 2035 and focusing on strategic industry clusters [4]

业绩太炸裂！ 今日（1月8日），全球芯片巨头三星电子最新披露的业绩显示，2025年第四季度的营业利润高达20万亿韩元 （约合人民币965亿元），同比大幅飙涨208%，高于市场预期。分析指出，这一业绩主要受益于AI热潮下的存 储芯片涨价潮。 另外，台积电也传来利好催化。据最新消息，台积电3nm制程持续供不应求，有业内人士透露，台积电今年除 调高3nm报价外，已暂时停止3nm新案启动。摩根大通、野村证券均在最新发布的报告中，大幅上调了台积电 的目标价。 四季度营利飙涨2 0 8% 1月8日，三星电子发布了2025年第四季度初步业绩，其中显示，公司2025年第四季度的营业利润高达20万亿韩 元，较上年同期大幅增长208%，高于LSEG SmartEstimate预计的18万亿韩元。这将是三星有史以来最高的季度 营业利润。 初步业绩报告显示，三星电子第四季度销售额同比增长23%，至93万亿韩元。这是三星单季销售额连续两个季 度突破80万亿韩元，2025年第三季度的销售额为86万亿韩元。 有分析指出，三星电子炸裂的业绩背后是，供应紧张和AI驱动的需求激增推高了传统存储芯片的价格。 里昂证券韩国区研究主管Sanjeev ...