近日，西安钢研功能材料股份有限公司（以下简称"钢研功能"）成功发行2025年面向专业投资者非公开发 行科技创新可转换公司债券，首期发行规模8000万元，期限为6年期，票面利率2.2%。该项目为上交所发布 《关于进一步支持发行科技创新债券服务新质生产力的通知》后全国首批落地的科技创新可转债项目。 本期债券由国信证券担任独立主承销商，首期发行即吸引了专业投资机构参与认购，市场反响积极，充分体现 了投资者对科技创新企业及科创可转债这一创新品种的高度认可，也展现了资本市场服务实体经济、支持科技 创新发展的强烈意愿。据悉，本次钢研功能科创可转债共获批规模3亿元，钢研功能将择机启动后续发行。 国内精密合金龙头亮相资本市场，致力推动国产替代提速 作为国内精密合金材料领域龙头企业，钢研功能定位于先进金属材料的国产化需求，致力于解决先进金属材料 上下游供需矛盾。经过三十余年的行业深耕，钢研功能形成了以因瓦合金4J36（Invar36）、可伐合金4J29 （Kovar）、热双合金主动层4J72、软磁合金1J22四类牌号为核心的产品格局，产品广泛应用于航空航天航 海、高端装备、低空飞行器、人工智能、半导体、氢能源、核电等国家战略重 ...

汽车行业迎来重磅利好政策。 今日，工信部等四部门印发《汽车行业数字化转型实施方案》（以下简称《实施方案》），推动汽车行业数字化转型、智能化升级，加快推进新型工业化，培育形 成新质生产力。 《实施方案》明确，引导工业互联网深度应用。鼓励建设汽车行业5G工厂，推广"5G+工业互联网"典型应用场景。支持建设赋能研发设计、生产制造、供应链协同 的行业级工业互联网平台，充分发挥汽车行业标识解析二级节点作用，推动零部件中小企业全面接入。推广工业互联网平台驱动的产业链"链式"转型，打造"平台 +节点+产业链+企业"协同发展模式，实现产业链资源优化配置和企业间高效协作。 在重点任务方面，《实施方案》提出了诊断评估与改进提升行动、汽车零部件中小企业数字化转型赋能行动、典型场景与人工智能应用示范行动、产业主体梯度培 育与矩阵构建行动、标准体系完善与互联互通保障行动、关键技术攻关与基础能力强化行动，并推出了15条具体举措。 四部门重磅发布 12月30日，据工信部网站，工信部、教育部、市场监管总局、国家数据局四部门印发《汽车行业数字化转型实施方案》，其中提出，到2027年，整车标杆企业智能 制造能力成熟度等级提升一档，零部件企业数字 ...

国务院总理李强日前签署国务院令，公布《中华人民共和国增值税法实施条例》（以下简称《条例》），自 2026年1月1日起施行。《条例》旨在贯彻落实《中华人民共和国增值税法》，共6章54条，主要规定了以下内 容。 一是细化纳税人和征税范围。细化增值税法规定的应税交易货物、服务、无形资产、不动产的范围；进一步明 确纳税人中的单位和个人、一般纳税人和小规模纳税人的标准，以及服务、无形资产在境内消费的具体情形。 二是明确税率适用。进一步明确适用零税率的出口货物范围，以及跨境销售服务、无形资产适用零税率的具体 情形；明确一项应税交易涉及两个以上税率、征收率时适用税率和征收率的原则。 三是确定不同情形应纳税额计算方法。对增值税扣税凭证的具体种类和进项税额具体抵扣办法作出规定；细化 税务机关核定纳税人销售额的方法，并对特殊情形下进项税额的抵扣规则予以明确。 四是完善税收优惠。明确增值税法中各类免征增值税项目的具体标准，并规定增值税优惠政策的适用范围、标 准、条件等应当依法及时向社会公开，同时要求国务院财政、税务主管部门适时评估增值税优惠政策执行效 果，及时报请国务院予以调整完善。 五是健全征管措施。进一步明确一般纳税人登记事项 ...

来源：外交部网站 责编：汪云鹏 校对： 盘达 | 百万用户都在看 | | --- | | 突发！利空来袭，全线杀跌！ | | 刚刚，飙涨201%！ | | 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！ | | 刚刚！2000亿"绞肉机"突袭！"牛市"缘何突然变脸？ | 外交部发言人宣布： 应国家主席习近平邀请，韩国总统李在明将于2026年1月4日至7日对中国进行国事访问。 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 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 , ...

Group 1 - The total net asset value of public funds in China reached 37.02 trillion yuan by the end of November, marking a slight increase of approximately 60 billion yuan compared to the end of October [2] - This is the first time in history that the public fund scale has surpassed 37 trillion yuan, achieving a new high for eight consecutive months, with an increase of over 4 trillion yuan since the beginning of the year [3] - The main contributor to the growth in November was money market funds, which saw an increase of 135.49 billion yuan, despite a decline in overall yields [3] Group 2 - Bond funds reached a total scale of 10.52 trillion yuan by the end of November, growing by 34.21 billion yuan compared to the end of October [3] - Qualified Domestic Institutional Investor (QDII) funds also saw a monthly increase of over 25.63 billion yuan, while Fund of Funds (FOF) experienced a growth of approximately 24.76 billion yuan [3] - FOFs are increasingly diversifying their asset allocations to include Hong Kong stocks, commodity futures, and public REITs, aligning with investors' desire for stability and risk diversification [3] Group 3 - Stock funds and mixed funds experienced a slight decrease in total scale due to adjustments in the Shanghai and Shenzhen stock indices, with stock funds at 5.80 trillion yuan (a decrease of 130.20 billion yuan) and mixed funds at 3.60 trillion yuan (a decrease of 71.81 billion yuan) [4] - The chief equity investment officer at Yongying Fund expressed optimism about the A-share market, predicting a potential turning point in overall profitability for listed companies by 2026, driven by economic cycle patterns [4] - The net asset value of public funds has grown from approximately 9.1 trillion yuan in 2016 to the current level, reflecting a strong customer base with an average annual growth rate of about 16% [4]

Core Viewpoint - The A-share market has undergone a cyclical rise, with certain sectors and styles remaining undervalued, making Chinese assets attractive for global allocation in 2026. Key investment opportunities are identified in four main areas: globally competitive manufacturing leaders, industries with improving supply-demand dynamics, sectors with low valuations and potential for significant fundamental changes, and long-term high-return industries with mismatched valuations [2][4]. Group 1: Market Overview - The current A-share market is experiencing active trading volumes and turnover rates, but there is a notable differentiation among stocks, presenting both opportunities and risks. Some stocks are becoming expensive, while others, particularly in real estate and domestic demand, remain undervalued [3]. - The investment strategy for equities should focus on safety margins and certainty, avoiding blind speculation on volatility. The U.S. economy is not performing well, and potential monetary easing could occur in response to the upcoming mid-term elections, which may influence domestic fiscal policies [3]. Group 2: Investment Opportunities - Four key investment opportunities for 2026 are highlighted: 1. Long-term focus on globally competitive manufacturing leaders, including sectors like power equipment, batteries, electric vehicles, home appliances, chemicals, and machinery. Observations from Southeast Asia indicate a significant gap in infrastructure and supply chains compared to China, reinforcing confidence in China's manufacturing competitiveness [5]. 2. Industries with improving supply-demand dynamics, such as real estate, aquaculture, chemicals, and light industry, are expected to enhance their global market positions and profitability [5]. 3. Sectors with low valuations and potential for substantial fundamental changes, such as chemicals, are noted for their past performance shifts, similar to coal, steel, and non-ferrous metals in previous years [6]. 4. Long-term high-return industries with severe valuation mismatches, including airport and airline services, insurance, and non-liquor food sectors, are highlighted for their high return on equity (ROE) despite low stock attention [6]. Group 3: Risks and Considerations - Potential risks include persistent inflation and sector-specific risks. The undervaluation of the RMB may pressure export industries, and inflation could pose significant risks to the stock market in the latter half of the year. Additionally, long-term risks associated with AI, including its impact on labor and technological competition, warrant attention [6].

中央纪委国家监委网站12月30日消息， 中华全国总工会原党组成员、书记处书记、副主席张世平涉嫌严 重违纪违法，目前正接受中央纪委国家监委纪律审查和监察调查。 责编：杨喻程 校对：刘星莹 百万用户都在看 突发！利空来袭，全线杀跌！ 刚刚，飙涨201%！ 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！ 刚刚！2000亿"绞肉机"突袭！"牛市"缘何突然变脸？ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 张世平 曾任第十二届全国政协社会和法制委员会副主任，中华全国总工会副主席、书记处书记，全国妇 联副主席（兼职）。 来源： 中央纪委国家监委网站、政事儿 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 , 公开信息显示，张世平，女，汉族， 1954 年 ...

AI概念股，集体异动！ 12月30日，在A股市场上，AI概念股大幅异动，酷特智能盘中直线拉升至20%涨停，百纳千成也一度触及20% 涨停。截至券商中国记者发稿时，智谱AI、AI智能体、AIGC等方向涨停的个股有10多只。 年、2024年收入分别为5740万元、1.245亿元、3.124亿元，年复合增长率达到130%。2025年上半年，智谱的收 入为1.91亿元，同比增长325%。 Meta以数十亿美元的价格收购AI初创公司Manus的消息，对AI概念股带来提振。据悉，Manus专注于构建通用 型AI Agent，其创始人肖弘来自江西吉安，毕业于华中科技大学软件工程专业。值得关注的是，Manus的成长 速度非常惊人，在正式上线仅八个月后，Manus的年度经常性收入（ARR）已突破1亿美元。 AI概念股走强 周二，AI概念股集体走强，截至券商中国记者发稿时，酷特智能20%涨停，百纳千成涨超15%，湖北广电、航 天信息、南兴股份、天创时尚、正和生态、宏英智能、泰尔股份等10%涨停，熵基科技、蓝色光标、中邮科技 等纷纷大涨。 从消息面来看，Meta宣布收购AI初创公司Manus的消息，在科技圈刷屏。当地时间周一，Me ...

Group 1 - The core viewpoint of the article is that China has made significant progress in its manufacturing sector, achieving a position among the world's leading manufacturing countries by 2024, alongside Germany and Japan [1] - The report indicates that the manufacturing power development index for China has shown positive growth across all sub-indices, marking a successful first step towards becoming a global manufacturing powerhouse [1] - The next decade is identified as a critical period for advancing manufacturing capabilities, emphasizing the need for innovation, quality improvement, and transformation within the sector [1] Group 2 - The report outlines that by 2035, China aims to achieve a new type of industrialization and rank among the top manufacturing countries globally [1] - It stresses the importance of maintaining a reasonable proportion of manufacturing in the national economy and enhancing the role of the real economy [1] - The strategy includes accelerating the integration of artificial intelligence into industrialization and developing a green energy and manufacturing system [1]

Core Viewpoint - The banking wealth management market is experiencing a stark contrast between "record high scale" and "pressured returns," with the industry scale expected to reach 34 trillion yuan by the end of 2025, while the average annualized return on products has dropped to 2.12% in the first half of the year, challenging the traditional fixed-income investment model [1][2]. Group 1: Industry Development Trends - The development environment for banking wealth management is undergoing profound changes, with a policy focus on maintaining low comprehensive financing costs leading to difficulties in significantly increasing bond yields [3]. - Customer risk preferences are converging, with conservative (level one) and stable (level two) clients now accounting for nearly 50% of the total, while the proportion of aggressive (level five) clients has slightly increased [3]. - As of June 2025, the combined scale of level one and level two wealth management products has risen to 96%, with level two products now making up 70% of the total, indicating a shift towards lower-risk investments [3]. Group 2: Product Structure Changes - The asset allocation structure is adjusting, with bonds and non-standard investments dropping below 50% of total investments, while deposits, public funds, QDII, and financial derivatives are on the rise [4]. - The average annualized return on wealth management products in the first half of 2025 is 2.12%, a decrease of 53 basis points from 2024 [4]. Group 3: High-Quality Growth Strategies - The construction of a financial powerhouse presents new opportunities for wealth management growth, with the potential for significant development still to be tapped [5]. - The aging population is expected to drive the scale of the pension system to reach 30 trillion to 40 trillion yuan by 2030, becoming a crucial source of incremental funds for banking wealth management [6]. - The banking wealth management sector must enhance its multi-asset investment capabilities and innovate product offerings to adapt to the low-interest-rate environment [6]. Group 4: Integration with National Strategies - The banking wealth management sector should align its asset allocation optimization with national strategies, focusing on technology finance, pension finance, inclusive and green finance, and digital finance [9]. - Emphasis on technology-driven investment strategies, such as participating in sci-tech bonds and public REITs, is essential for enhancing returns [9]. - The sector must also develop a diversified investment strategy and improve product labeling to strengthen its core competitiveness [10]. Group 5: Client Engagement and AI Integration - Continuous client engagement is necessary in the low-interest-rate era, with a focus on managing expectations and providing tailored services [12]. - The integration of AI in client services is seen as a priority, aiming to create a comprehensive AI-driven wealth management platform that offers market insights and investment strategies [13].