Core Viewpoint - Russia launched a large-scale attack on Ukraine on December 23, targeting energy infrastructure and causing significant damage across at least 13 regions [2][3]. Group 1: Attack Details - On December 23, Ukraine's President Zelensky reported that Russia used over 30 missiles and more than 650 drones in the attack, with air raid alerts issued across most of Ukraine [3]. - The Ukrainian energy minister stated that the attack forced nuclear power plants to reduce output, violating nuclear safety standards [3]. - Casualties included at least 4 injuries in Kyiv and 1 death in Khmelnytskyi region due to the attacks [3]. Group 2: International Response - Following the attacks, Poland scrambled fighter jets to protect its airspace, indicating heightened military readiness in response to the threat [4]. - The Ukrainian energy department reported emergency power outages in Kyiv and surrounding areas due to the attacks on energy facilities [4]. Group 3: Diplomatic Efforts - Zelensky mentioned productive discussions with representatives of former President Trump, focusing on security guarantees and reconstruction plans for Ukraine [5]. - There are ongoing tensions between the U.S. and Europe regarding the handling of frozen Russian assets, with concerns about the U.S. potentially withdrawing support [5]. Group 4: Defense Production - Zelensky emphasized the importance of maintaining Ukraine's leading position in weapon production, particularly in developing domestic air defense systems [6]. - The focus is on achieving significant breakthroughs in local production of air defense systems while continuing to collaborate with international partners [6].

白银的火热，正以一种近乎疯狂的方式在二级市场上演。 12月23日，国投白银LOF再度斩获涨停，实现两连板。拉长时间来看，该基金在短短21个交易日内便实现了超 100%的涨幅，令人咋舌。 然而，狂欢背后暗藏风险。截至目前，该基金场内溢价率已飙升至惊人的57.5%，严重偏离基金净值。令人啼 笑皆非的是，疯狂的炒作资金甚至"走错了门"，带动名字和代码相近的国投瑞盈LOF也意外涨停。 这场属于白银的炒作和博弈，究竟还能火多久？近期，基金公司频频通过紧急停牌、发布风险提示以及灵活调 整A/C两类份额限额等组合拳，试图引导市场回归理性。 国投白银LOF两连板 12月23日，国投白银LOF因为高溢价率在开市起至当日10:30停牌，自10:30复牌，复牌后便迅速拉升，11：00 左右涨停，全天成交额11.89亿元，换手率16.86%。 这已经是国投白银LOF连续两天涨停，前一天的12月22日，该基金已经"10cm"涨停，而如果拉长时间来看，该 基金自11月25日以来已经上涨了106.04%，仅用了21个交易日便实现翻倍。 国投白银LOF成立于2015年8月6日，是一只商品期货基金，主要投资于白银期货主力合约，业绩比较基准为上 ...

Core Viewpoint - The article discusses recent penalties imposed by the financial regulatory authority on two insurance institutions, Anxin Property Insurance and Huaxia Jiuying Asset Management, highlighting their repeated violations and the consequences faced by responsible individuals [1][6]. Group 1: Anxin Property Insurance - Anxin Property Insurance has been penalized for failing to use approved insurance terms and rates, and for submitting false data regarding insurance claims [3]. - The company is ordered to stop accepting new credit guarantee insurance business for 36 months, short-term health insurance for 24 months, and vehicle insurance for 6 months [3]. - A total of 13 individuals received warnings and fines amounting to 770,000 yuan, with several individuals banned from the insurance industry for periods ranging from 6 to 11 years [3]. - Anxin Property Insurance, established in December 2015 with a registered capital of 1.285 billion yuan, has faced ongoing solvency issues since Q4 2020, receiving multiple regulatory letters and measures [3][4]. Group 2: Huaxia Jiuying Asset Management - Huaxia Jiuying Asset Management has also been penalized for misusing insurance company funds, resulting in a fine of 700,000 yuan and a 10-year ban for a responsible individual [7]. - This marks the second penalty for Huaxia Jiuying Asset Management in 2023, with previous violations including false reporting and significant financial losses due to improper fund usage [9]. - The company was previously controlled by Huaxia Life Insurance, which was taken over in July 2020, and its ownership was transferred to Ruizhong Life Insurance in April 2023 [9].

18万亿零售大行， 或将再迎来 一位股份行背景的新任行长！ 12月23日晚，中国邮政集团有限公司（下称"中国邮政集团"）公告，集团召开党组会议，宣布中共中央组织部 的任免决定：芦苇任中国邮政集团副总经理、党组成员，免去刘建军的中国邮政集团副总经理、党组成员职 务。 据了解，刘建军已出任邮储银行党委书记、行长职位近4年半，目前已年满60岁。 现年54岁的芦苇是中信银行"老将"，在该行任职达26年，其间曾调任中信信托。此次加入邮储银行，距离其重 返中信银行仅过去10个月。今年8月，芦苇在中信银行业绩说明会上曾表态，该行已摒弃规模情结，更专注于 效益和质量并重的增长。 1997年1月，芦苇加入中信银行，历任总行计划财务部(现财务会计部)副总经理、总经理，资产负债部总经 理，香港分行筹备组副组长，中信银行董事会秘书，深圳分行党委书记、行长；2020年10月任中信银行党委委 员，2021年4月任中信银行副行长。 2022年10月，因工作调整，芦苇辞任中信银行副行长，同时赴任中信信托，2023年3月起任中信信托总经理， 2024年5月升任中信信托董事长。 今年2月，芦苇回归中信银行，接任行长职位，中信银行原行长刘成则赴任 ...

深圳大动作。 12月23日消息，深圳市人民政府印发《深圳市进一步加大吸引和利用外资实施办法》（简称《实施办法》）， 从五个方面提出了22条措施，更大力度推进深圳高水平对外开放，加快建设更具全球影响力的经济中心城市和 现代化国际大都市。《实施办法》自2026年1月1日起施行，有效期3年。 《实施办法》提到，加快现代服务业扩大开放。引进国际资本，做大做强金融业，促进信息技术提速发展、提 升专业服务能级。支持符合条件的外资机构依法开展银行卡清算业务。深化商业养老保险、健康保险等行业开 放，支持符合条件的境外专业保险机构在境内投资设立或参股保险机构。 在加大制造业外资项目支持方面，《实施办法》提出，持续加大面向隐形冠军、制造业龙头等企业外资招引力 度。对于2023—2027年间，年新增实际外资金额合计达5000万美元及以上的制造业企业予以奖励，其中高技术 制造业企业按不高于新增实际外资金额3%的比例予以奖励，其他制造业企业按不高于新增实际外资金额2%的 比例予以奖励。单个企业年度最高奖励人民币5000万元，累计最高奖励人民币1.5亿元。 深圳重磅发布 深圳市人民政府印发《深圳市进一步加大吸引和利用外资实施办法》，其中 ...

Macro Dynamics - Beijing has issued the first batch of L3-level highway autonomous vehicle special license plates, marking a significant milestone in the country's autonomous driving era. The "conditionally automated driving" feature is currently limited to specific highway sections in Beijing [2] - The State Administration for Market Regulation will soon implement strict regulations on food safety responsibilities for live-streaming e-commerce operators, establishing clear guidelines and penalties for non-compliance [3][4] - By 2026, China plans to build over 10,000 charging guns in highway service areas, with at least 25% being high-power chargers, to enhance electric vehicle charging infrastructure [5] - The Chinese Foreign Ministry has expressed strong opposition to the U.S. adding DJI drones to a restricted list, criticizing the discriminatory practices against Chinese companies [6] - A radioactive water leak occurred at a decommissioned nuclear reactor in Japan, potentially exposing several individuals to radiation [7] Financial Institutions - Hangzhou Bank plans to issue financial bonds not exceeding 40 billion RMB, with a maturity of up to 10 years [8] - The CEO of Bank of America highlighted the increasing impact of AI investments on the U.S. economy, suggesting that AI will play a significant role in future economic contributions [9] Market Data - On December 23, the market experienced a pullback after an initial rise, with the Shanghai Composite Index up by 0.07% and the Shenzhen Component Index up by 0.27%. New stocks listed on the same day saw significant gains [10] - As of December 22, the total margin balance in the two markets increased by 12.534 billion RMB, indicating a growing interest in leveraged trading [11] - The Hong Kong Hang Seng Index closed down by 0.11%, with notable movements in gold stocks and declines in certain tech stocks [12] Company Dynamics - Oriental Yuhong reported that its U.S. subsidiary fell victim to a telecom fraud involving approximately 12.118 million RMB, but the incident is not expected to significantly impact the company's operations [13] - Zhongxin Tourism has established three subsidiaries in Hainan and is actively expanding its tourism-related business in the region [14] - Haohai Biological Technology's controlling shareholder was fined 14.6292 million RMB for insider trading, but this will not affect the company's daily operations [15][16] - The co-founder of the game "Call of Duty," Vince Zampella, tragically passed away in a car accident [17] - Jiangbolong indicated that rising prices of storage wafers would positively impact the company's gross margin, supported by long-term supply agreements with major wafer manufacturers [18]

双方拟于12月24日在泰国召开泰柬边界总委员会会议，两国军方拟就停火安排展开磋商。 来源：新华社 责编： 汪云鹏 校对： 苏焕文 百万用户都在看 凌晨！全线大涨！美联储，突发警告！ 2026年A股休市安排来了 利好来了！摩尔线程，重磅发布 降息，大消息！ 泰国感谢中方为推动泰柬边境冲突缓局降温发挥作用。 泰国外交部发言人尼康德12月23日说，泰方感谢中方为推动泰柬边境冲突缓局降温发挥的作用。 尼康德当天在有关泰柬边境局势的发布会上说，感谢中方以自己的方式积极推动泰柬边境冲突缓局降温，泰方 赞赏中方秉持客观公正立场。 尼康德在发布会上介绍了泰方12月22日参加东盟外长特别会议的相关情况。他重申，泰方始终坚持在双边框架 内解决问题，任何可持续的解决方案都必须由泰柬双方直接推动。 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 ...

"涉重疾险纠纷案件数量较2021年上涨38.71%""案件平均审理时长由2021年的217天下降为2024年的82 天""法院支持被保险人诉讼请求的比例超过七成"……12月23日，在北京西城法院举行的涉重疾险纠纷审判 白皮书新闻通报会上，发布了近年来涉重疾险案件审理情况和法官建议等。 据介绍，2021年至2024年，涉重疾险案件数量呈增长趋势，案件平均审理时长大幅缩短，审判效率显著提升。 从审判结果看，法院支持被保险人诉讼请求的比例超过七成，被保险人合理诉求获得司法支持的概率较高。 《涉重疾险纠纷审判白皮书（2021—2024）》中发布了十大典型案例。 涉重疾险纠纷案件数量呈增长趋势 重疾险作为抵御重大疾病风险的关键金融产品之一，其在保障民生福祉方面发挥着重要作用。 北京西城法院党组成员、副院长吕江介绍，2021年至2024年，西城法院共审理重疾险类案件284件，案涉标的 额达6256.88万元，案件数量呈现增长趋势。 从结案方式看，以判决方式结案的占比最高，达四成左右，以调解结案占比29%，其他为撤诉处理及准予撤诉 方式结案等。 从案件审理效率看，简易程序占比显著上升，案件平均审理时长由2021年的217天 ...

Core Viewpoint - The Hainan Securities Regulatory Bureau has announced the registration of seven institutions for the cross-border asset management pilot business in Hainan Free Trade Port, which aims to innovate and expand cross-border financial product offerings and attract both domestic and foreign asset management institutions to support the development of Hainan Free Trade Port [1][2]. Group 1: Registered Institutions - Two securities firms, Jinyuan Securities and Wanhua Securities, along with two fund management companies, Huibaichuan Fund Management Co., Ltd. and Peng'an Fund Management Co., Ltd., have been registered as product issuance institutions [2]. - Three banks, namely Industrial Bank Co., Ltd. Haikou Branch, Shanghai Pudong Development Bank Co., Ltd. Haikou Branch, and China Merchants Bank Co., Ltd. Haikou Branch, have been registered as product sales institutions [2]. Group 2: Pilot Business Implementation - The first batch of cross-border asset management pilot business by Huibaichuan Fund and Pudong Development Bank has been successfully subscribed by foreign investors, with funds flowing through the bank's cross-border account system to invest in the domestic capital market [4]. - As of October 16, 2025, the People's Bank of China Hainan Branch has approved a quota of 5 billion RMB for four pilot issuing institutions [4]. - By December 16, 2025, three pilot issuing institutions had successfully issued products that were subscribed by foreign investors, demonstrating smooth and efficient fund transfers [4]. Group 3: Regulatory Framework - The implementation details for the cross-border asset management pilot business were jointly issued by several regulatory bodies, officially starting on August 21, 2025, allowing foreign investors to invest in various financial products issued by Hainan Free Trade Port financial institutions [6]. - The initial total scale limit for the pilot program is set at 10 billion RMB, with the People's Bank of China Hainan Branch responsible for setting and dynamically adjusting this limit based on market conditions [6][5]. - Foreign investors can use funds from both domestic and international sources to purchase pilot asset management products, with specific requirements for domestic funds [7].

Core Viewpoint - The precious metals market is experiencing a rare "collective frenzy," with significant price surges across various metals, particularly gold and silver, driven by macroeconomic factors and geopolitical tensions [1][2]. Price Surge in Precious Metals - On December 23, gold and silver prices surged, with spot gold reaching a high of $4,497 per ounce and COMEX gold futures breaking the $4,500 per ounce mark. This marks the 50th time this year that gold prices have set a new record [2][4]. - In the domestic market, Shanghai gold futures hit a peak of 1,018 yuan per gram, while several gold jewelry brands quoted prices above 1,400 yuan per gram [2]. - Silver futures also saw significant gains, with the main contract surpassing 16,500 yuan per kilogram, reaching a historical high [2]. Performance of Precious Metals - Year-to-date, gold has increased by approximately 65%, while silver has surged by 120%, significantly outperforming gold. Platinum and palladium have also seen substantial gains, with monthly increases of 42% and 46%, respectively [2][6]. - The A-share precious metals sector has mirrored the bullish trend, with stocks like Shandong Gold rising nearly 7% [2]. Macroeconomic Influences - The rise in gold prices is attributed to macroeconomic conditions, including a dovish stance from the Federal Reserve and weaker U.S. non-farm payroll and CPI data, which support further rate cuts [4][5]. - Global central banks are increasing their gold reserves, with the International Monetary Fund (IMF) reporting that central bank gold reserves are expected to rise to 36,200 tons by the end of 2024, increasing their share of official foreign exchange reserves from 15% to nearly 20% [6]. Supply and Demand Dynamics - Silver, platinum, and palladium are experiencing sharper price increases due to supply-demand imbalances and significant capital inflows. On December 23, spot silver reached $69.98 per ounce, while platinum and palladium futures hit their respective limits [8][9]. - The demand for silver is particularly strong, with a notable increase in COMEX silver delivery notices, indicating a tight supply situation [9]. Future Outlook - Institutions generally believe that precious metals will maintain strong support in the medium to long term, although short-term volatility risks are increasing. The Shanghai Gold Exchange has issued warnings about market instability and advised members to enhance risk awareness [11]. - Analysts suggest that while the current bullish trend is supported by macroeconomic factors, caution is advised against chasing prices in a rapidly rising market. It is recommended to wait for pullbacks before making new investments [11].