Core Viewpoint - The recent surge in new stocks, particularly on the Beijing Stock Exchange, has attracted significant attention and investment interest, indicating a robust market environment for new listings [1][5]. Group 1: New Stock Performance - The new stock N Hengdongguang opened with a rise of over 1000%, reaching a price of 350 yuan, and later surged to over 1100%, with potential profits exceeding 35,000 yuan per hand [1][2]. - Another new stock, N Xinguangyi, saw its price increase by 285% before triggering a trading halt, eventually rising over 330%, with a trading volume surpassing 1.2 billion yuan [1][2]. Group 2: Company Insights - N Hengdongguang specializes in passive optical devices for the optical communication sector, recognized as a "specialized and innovative" small giant enterprise in Guangdong [2]. - The company reported expected revenues of 1.315 billion yuan and a net profit of 148 million yuan for 2024, with projected growth for 2025 indicating revenues between 2.11 billion and 2.2 billion yuan, representing a year-on-year increase of 60.45% to 67.30% [2]. Group 3: Market Trends and Strategies - The macroeconomic environment is showing positive changes, supporting the development of the Beijing Stock Exchange, with new policies aimed at enhancing the market for specialized and innovative enterprises [4]. - Analysts suggest a "steady layout, dual-line advancement" strategy for the upcoming spring market, focusing on high-dividend stocks and technology growth sectors, particularly in AI applications and digital economy [4][5]. - The new stock issuance is expected to increase in 2026, providing more opportunities for investors, with the potential for significant returns as liquidity improves [5].

想预约挂号却总抢不到号，去医院看病却没人陪，出院后康复期间无人照护，儿女都不在身边时常感到孤独……这些切实困扰普通老百姓尤其是银发人群的难题 如今正一项项被"攻破"，而这背后是商业保险力量的介入。一位享受了阳光保险独具特色的居家养老服务的客户感叹道："最让我惊喜的就是，当初购买的一份 保单竟然链接着如此丰富的增值服务，很值！" "保险"一词正在被重新定义，险企不断进行业务探索与延伸，通过整合医疗、康复、护理等资源为客户提供"产品+服务"的综合解决方案。阳光保险正是一例典型代 表，旗下阳光人寿已构建起"知心阳光——康、养、育、财、活、行"增值服务体系，致力于成为客户美好生活保障的贴心守护者与长期陪伴者。为持续提升"知心阳 光，为爱护航"的品牌影响力，阳光人寿聚焦"健康享阳光，养老选阳光，教育看阳光，财富有阳光"四大领域，为客户提供全方位服务支持。 从单点保障到多维守护 随着保险业务模式的更新迭代，一张保单所承载的功能边界正逐渐模糊，其背后不仅是保险保障的承诺，更链接一揽子服务与品质体验的全新机制。 中医药，作为中华文明宝库中的璀璨明珠，数千年来绵延流芳，生生不息。从上古神农尝百草首创医药，到明朝李时珍"集中国药 ...

Core Viewpoint - The expansion of cross-border ETFs has accelerated significantly this year, with both the scale and number of related products increasing, becoming an important observation window for changes in capital allocation [1] Group 1: Cross-Border ETF Expansion - The overall expansion of cross-border ETFs is evident, with a total growth of 514.7 billion yuan in scale and an increase of 63 products since the beginning of the year, as of December 26 [3] - Hong Kong stock-related ETFs have become the main source of this expansion, particularly those focused on technology stocks, which have shown remarkable growth [2][3] Group 2: Performance of Technology ETFs - Several technology-themed ETFs have seen significant scale growth, with products like the Fortune CSI Hong Kong Internet ETF increasing by 58.27 billion yuan, the ICBC National Index Hong Kong Technology ETF by 27.45 billion yuan, and the Huaxia Hang Seng Technology ETF by 25.84 billion yuan [3] - Despite a phase of volatility in the Hong Kong technology sector in the fourth quarter, there has been no consistent withdrawal of funds, indicating ongoing interest in these assets [2][4] Group 3: Market Outlook and Institutional Perspectives - Institutions remain optimistic about the future, citing multiple narratives such as AI development, potential interest rate cuts by the Federal Reserve, and accelerated inflows from the south as factors attracting market attention [5] - The liquidity environment is expected to become more accommodative, which may enhance market risk appetite and provide support for Hong Kong technology assets [5][6] - The recent market corrections have released some risk factors, presenting opportunities for long-term investors to position themselves in quality technology assets [6]

Core Viewpoint - The article discusses the recent military exercises conducted by the Chinese People's Liberation Army (PLA) around Taiwan, emphasizing that these actions serve as a serious warning against "Taiwan independence" forces and external interference, while asserting the necessity of defending national sovereignty and territorial integrity [1][2]. Group 1 - The military actions are described as a necessary response to the provocations from the "Taiwan independence" movement and external forces, aimed at maintaining national sovereignty and the fundamental interests of the Chinese nation and Taiwanese compatriots [1][2]. - The spokesperson, Zhang Han, criticizes the Taiwanese authorities for their "Taiwan independence" activities, claiming they harm Taiwan's economic development and welfare, and threaten cross-strait relations and peace in the Taiwan Strait [1]. - Zhang emphasizes that any attempts by external forces to interfere in the Taiwan issue will face strong resistance from the PLA, highlighting the unstoppable historical trend towards national reunification [1]. Group 2 - The article reiterates that the military actions are not directed against the Taiwanese people but are aimed at countering the extreme dangers posed by the "Taiwan independence" route taken by the current Taiwanese authorities [2]. - There is a call for Taiwanese compatriots to recognize the risks associated with the "Taiwan independence" movement and to unite against external interference, promoting a shared future of national reunification and rejuvenation [2].

2 0 2 6 然而，技术的热浪越是灼人，对真实"情绪价值"的企盼、对具有"个性化"连接的渴求，也愈发蓬勃生长。于是，我们看到，提供即时情感共鸣的 消费与服务成为风口；线下的、具身的体验被重新估值——无论是引发全民欢腾的"苏超"联赛，还是需要亲手触摸、交换与收藏的"谷子"文化， 都在讲述同一个内核：算法无法彻底解析我们的情感差异，更无法完全模拟同一阵风掠过的体感。呼吸之间，那些粗粝而温热的生活场景，仍是 我们内心最真切的期盼。 这一年，国家的步履在纷繁芜杂的全球宏观环境中，顶压前行，向新向优。 放眼全球，单边主义令人心忧，产业链博弈与地缘政治波澜迭起，持续考验着每一个经济体。世界从未如此需要确定性。 然而，压力之下，韧性彰显。我国全年进出口数据预计再创新高，"新三样"闪耀国际市场；来自创新与产业的深刻变革持续演绎，"人工智能+" 如同润物无声的春雨，融入经济脉搏；国际科技创新中心的版图向纵深拓展。从仰望"星辰大海"到铸就"钢筋铁骨"，这份对创新的渴望，已熔铸 为民族肌理中最厚重的内生势能。 岁末的钟声，总能拨动心底最柔软的牵挂。这牵挂，越过山海，落向每一个未曾谋面却命运与共的个体——是风雪里的夜归人，是步履匆 ...

此前，雷军宣布将于12月31日晚8点做一场跨年直播。"前几天我在网上看过一个拆SU7视频，很多人建议拆拆YU7。这 次直播，我请工程师现场拆车，一边拆车一边聊。" 综合自：雷军微博等 12月31日，小米创办人、董事长兼CEO雷军在其个人微博表示：实在抱歉，我感冒有点严重，原定跨年的直播只能推 迟到1月3日晚7点。 责编：王璐璐 校对：吕久彪 百万用户都在看 刚刚，飙涨201%！ 刚刚发布！2026，重大利好！ 市值腰斩！巴菲特"踩雷"，给我们敲响什么警钟？ 独家揭秘！新股未上市先套现，中签之前也能买卖！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com ...

Core Viewpoint - The article highlights the impressive performance of brokerage firms' recommended stocks, with 10 firms achieving over 50% returns in 2025, showcasing their ability to identify and recommend high-performing stocks early in the market cycle [1][4]. Brokerage Performance - As of December 29, 2025, 10 brokerage firms reported stock portfolios with returns exceeding 50%, with Guoyuan Securities leading at 83.73%, followed by Northeast Securities at 67.47% and Kaiyuan Securities at 67% [4][5]. - Other firms such as Dongxing Securities, Huaxin Securities, and China Merchants Securities also reported returns above 60%, while Everbright Securities, Dongguan Securities, Guotai Junan, and Great Wall Securities had returns over 50% [4][5]. Investment Strategies - Successful brokerage firms have focused on early identification of high-growth stocks and consistent recommendations, which has contributed to their exceptional performance [7]. - For instance, Kaiyuan Securities recommended Xinyi Technology at a low point in May, leading to a 440% increase by September [7][8]. - Guoyuan Securities concentrated its recommendations in sectors like media, pharmaceuticals, and machinery, achieving significant gains with stocks like Giant Network and JiBit [8]. Popular Stocks - Tencent Holdings emerged as the most recommended stock, being featured by nearly 7 brokerage firms monthly throughout 2025, indicating its status as a favored investment choice [2][10]. - The most popular stocks varied by quarter, with large tech companies dominating in Q1, consumer firms in Q2, financial stocks in Q3, and tech stocks again in Q4 [10]. Monthly Stock Performance - The article provides a summary of the most popular A-share stocks each month, noting that less than 40% of these stocks increased in value during the month they were recommended, highlighting the volatility and unpredictability of stock performance [10][11].

Core Viewpoint - In 2025, Xinhua Insurance achieved record-breaking performance amidst a complex environment characterized by low interest rates, evolving customer demands, and technological disruptions, marking a significant milestone as it approaches its 30th anniversary [2][4]. Group 1: Comprehensive Strength - By the end of Q3 2025, Xinhua Insurance's total assets exceeded 1.83 trillion yuan, an increase of 8.3% from the beginning of the year, reaching a historical high [3]. - The company's embedded value approached 280 billion yuan, reflecting an 8.1% growth year-to-date, also a historical peak [3]. - Core solvency ratio and comprehensive solvency ratio stood at 154.27% and 234.15%, respectively, indicating strong capital adequacy [3]. Group 2: Development Efficiency - In the first three quarters of 2025, Xinhua Insurance reported a net profit of 32.857 billion yuan, a year-on-year increase of 58.9%, setting a new historical record [4]. - Total premium income reached 172.7 billion yuan, up 19% year-on-year, maintaining industry-leading growth [4]. - The first-year premium income for long-term insurance was 34.9 billion yuan, reflecting a 41% increase [4]. - New business value surged to 6.18 billion yuan in the first half, a significant year-on-year increase of 58%, with a continued growth of 50.8% in the first three quarters [4]. Group 3: Strategic Development Model - Xinhua Insurance is committed to a development vision of becoming a leading financial service group centered on insurance, providing comprehensive risk protection and wealth planning services [5][6]. - The company has adopted a collaborative model of "Insurance + Service + Investment," focusing on enhancing customer-centric strategies and building a robust service ecosystem [6][7]. - Investment performance remains strong, with an annualized total investment return of 8.6% and a comprehensive investment return of 6.7%, leading the industry [7]. Group 4: Contribution to National Strategy - Xinhua Insurance emphasizes its political mission and social responsibility, aligning its operations with national strategies in areas such as technology finance, green finance, inclusive finance, pension finance, and digital finance [8][9]. - The company has invested over 60.5 billion yuan in supporting technology-driven enterprises, with a year-on-year growth of 29.3% [9]. - In green finance, investments exceeded 31.6 billion yuan, marking a 28.8% increase, while providing insurance services to over 6,300 green enterprises [9][10].

12月30日，财政部、税务总局发布《关于个人销售住房增值税政策的公告》（下称《公告》），明确个人将购买不足2年的住房对外销售的，按照3%的征收率全 额缴纳增值税；个人将购买2年以上（含2年）的住房对外销售的，免征增值税。《公告》自2026年1月1日起施行。 本次政策优化主要针对个人出售持有不满2年的住房的情形，该情形下，个人销售住房所缴增值税的税率从此前的5%下调至3%，将有效降低二手住宅交易成本，促 进二手住宅销售。 以住房售价500万元，个人持有不满2年计算，新政实施后，个人出售该住房需缴增值税税费15万元，税费成本将较此前减少10万元。 对于个人持有满2年的住房的情形，个人出售时将继续免征增值税。"新政对该情形无实质性影响，该群体继续享受免征增值税优惠政策。"上海易居房地产研究院副 院长严跃进对记者说。 广东省住房政策研究中心首席研究员李宇嘉任认为，新政将降低二手住宅交易摩擦，促进挂牌销售。此前房地产市场销售纾困政策主要集中在降低首付比例、降低 利率等，税费优惠政策较少。新政的出台反映出宏观政策正在加大逆周期调节力度，着力稳定房地产市场。 严跃进表示，新政将更好满足改善型住房需求——当房东出售旧房的成本 ...

Group 1 - The A-share merger and acquisition market remains active, with several companies announcing significant developments on December 30 [1] - Zhongneng Electric announced the termination of its plan to acquire 65% of Shandong Dachai Electric Co., Ltd. and related debts [2][4] - Dongjie Intelligent also decided to terminate its plan to acquire the controlling stake in Aobo (Beijing) Intelligent Technology Co., Ltd. [4] Group 2 - Mingde Biological announced a cash acquisition of 100% equity in Wuhan Bikaier Rescue Supplies Co., Ltd., which is expected to constitute a significant asset restructuring [5][7] - The transaction is in the preliminary planning stage and will not involve share issuance or change in control of the company [7] - Mingde Biological aims to focus on the critical care business segment through this acquisition, as the target company specializes in emergency rescue products and services [7] Group 3 - Yanhai Co. plans to acquire 51% of Wenkang Yanhai Co., Ltd. for 4.605 billion yuan, making it a subsidiary post-transaction [1] - Shengxin Lithium Energy intends to acquire 30% of Sichuan Qicheng Mining Co., Ltd. for 2.08 billion yuan, resulting in full ownership after the deal [1]