每经记者注意到，《指引》主要引导基金管理人建立健全以基金投资收益为核心的绩效考核和薪酬管理体系。例如，在基金经理薪酬方面， 过 去三年产品业绩低于业绩比较基准超过十个百分点且基金利润率为负的，其绩效薪酬应当较上一年明显下降，降幅不得少于30% 。 要求基金公司全面建立以基金投资收益为核心的考核体系，纳入产品实际盈亏、业绩比较基准对比情况等指标，明确三年以上中长期指标占比 不少于80%。 以下文章来源于每日经济新闻 ，作者每经记者 每日经济新闻 . 中国主流财经全媒体。互联网新闻信息服务许可证编号：51120190017 。 事关基金经理们的工资和年终奖，中基协下发相关指引并征求意见。 《每日经济新闻》记者从业内获悉，近日中国证券投资基金业协会（以下简称中基协）对《基金管理公司绩效考核与薪酬管理指引》进行修 订，并更名为《基金管理公司绩效考核管理指引（征求意见稿）》（以下简称《指引》），下发给各家基金管理人。 相关文件显示，《指引》共7章32条，主要修订内容如下：一是明确基金公司薪酬管理要求；二是改革基金公司绩效考核机制；三是建立与投 资者利益绑定机制；四是明确指标计算方式、人员范围等其他要求。 要求基金公司建 ...

上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ "国产GPU第一股"摩尔线程5日登陆科创板，首日高开表现亮眼，较114.28元/股的发行价上涨 468.78%，盘中一度飙涨至688元/股。若据最高价计算，中一签（500股）新股可赚约28.69万 元，超越今年7月上市的同宇新材，坐上"年内最赚钱新股"宝座。 摩尔线程是中国首家登陆资本市场的全功能GPU企业。从2020年成立到上市，摩尔线程仅用5年时 间便完成了从技术、产品到市场与资本协同发展的体系建设。而这背后，总能看到国资机构、市场 化创投、产业CVC（企业风险投资）的"忙碌"身影，为摩尔线程突破技术瓶颈、实现量产提供了资 金保障。 如今，摩尔线程挂牌上市，看看谁在这场投资盛宴中掘金成功？ 故事的起点：顶级团队与"天价"种子轮 达股权投资合伙企业（有限合伙）、深圳善达宏新创业投资合伙企业（有限合伙）转让部分股权， 获得1.57亿元收益。此外，到上市前，深圳明皓仍持有摩尔线程1992.27万股股权。 地方国资、市场化创投、产业CVC加速入局 如果说摩尔线程的种子轮融资是一场"熟人局"，那紧随其后的多轮融资则更能展现出 ...

Core Viewpoint - The new National Security Strategy under the Trump administration marks a significant shift from pursuing global hegemony to prioritizing U.S. interests, particularly in Latin America, while criticizing European allies for their declining economic influence and potential demographic changes [2][6][11]. Summary by Sections U.S. Foreign Policy Shift - The document emphasizes "America First" as the guiding principle, abandoning the decades-long pursuit of global dominance, which is deemed destined to fail [6][7]. - It states that the era of the U.S. supporting the global order is over, and the focus will be on preventing other major powers from gaining dominance without extensive military engagement [6][7]. Focus on Latin America - The strategy aims to restore U.S. hegemony in the Western Hemisphere, addressing issues like immigration and drug trafficking, and reasserting the Monroe Doctrine [7][9]. - The U.S. will adjust its military presence globally, withdrawing from regions deemed less critical to national security, while increasing the Coast Guard and Navy's deployment in the Western Hemisphere [7][9]. Critique of Europe - The strategy presents an unprecedented confrontational stance towards Europe, highlighting a decline in Europe's share of global GDP from 25% in 1990 to 14% today, and warns of a potential "civilizational extinction" [11][12]. - It raises concerns about the demographic shifts in NATO countries and questions the future of U.S.-European alliances [11][12]. Response to Ukraine Conflict - The document states that the U.S. core interest is to quickly end hostilities in Ukraine and rebuild strategic stability with Russia, while criticizing European officials for obstructing U.S. efforts to resolve the conflict [12][12]. Military and Economic Strategy - The strategy calls for increased R&D investment to maintain U.S. superiority in advanced military technologies, focusing on areas like underwater, space, nuclear technology, artificial intelligence, and quantum computing [14][15]. - It indicates a shift in U.S.-China relations towards a more reciprocal economic relationship, while deemphasizing the Middle East in U.S. foreign policy priorities due to the U.S. becoming an energy net exporter [15][15]. Comparison with Previous Strategies - The new strategy represents a significant departure from the Biden administration's 2022 National Security Strategy, which focused on strategic competition with China and Russia, domestic industrial policy, and climate change as a national security challenge [17][17].

上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 中国外汇储备连续四个月增加，黄金储备连增13个月。 国家外汇管理局12月7日公布的最新数据显示，截至2025年11月末，我国外汇储备规模为 33463.72亿美元，较10月末的33433.43亿美元增加30.29亿美元，升幅为0.09%。 | 项目 Item | 2025.10 | | 2025.11 | | | --- | --- | --- | --- | --- | | | 亿美元 | ZSDR | 亿美元 | IZSDR | | | 100million | 100million | 100million | 100million | | | USD | SDR | USD | SDR | | 1. 外汇储备 Foreign currency reserves | 33433.43 | 24612.45 | 33463.72 | 24631.64 | | 2. 基金组织储备头寸 IMF reserve position | 110.58 | 81.40 | 110.59 | 81.40 | | 3. 特别提款权 ...

12月6日，在中国证券业协会第八次会员大会上，证监会主席吴清围绕证券行业高质量发展发表致辞。 对优质机构适当松绑，适度打开资本空间与杠杆限制 上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 吴清指出，证券公司要立足自身资源，发挥比较优势，进一步增强资源整合的能力，用好并购重组机制和工 具，实现优势高效配置，力争在"十五五"时期形成若干家具有较大的国际影响力的投资机构。 吴清指出，一流不是头部机构的专利，中小机构也要把握优势，在细分领域、重点区域集中资源，打造小而美 的特色投行和服务商。监管政策上也将鼓励强化分类监管， 尤其对优质机构适当松绑，适度打开资本空间与 杠杆限制，提升资本运用效率。 对少数问题券商要依法从严监管 吴清指出，对中小券商、外资券商，在分类评价准入方面，探索实施差异化监管，促进特色化发展，首先是保 障公平。对少数问题券商要依法从严监管，违法要依法从严惩治。 A股实现了量的合理增长和质的有效提升 吴清指出，今年以来，A股市场总体活跃，市值从8月份开始超过100万亿元，实现了量的合理增长和质的有 效提升。 吴清表示，证券机构是资本市场链接投融资各方最重 ...

Core Viewpoint - The article discusses the release of the "Regulations on the Supervision and Administration of Listed Companies (Draft for Public Comment)" by the China Securities Regulatory Commission (CSRC), marking the introduction of the first dedicated administrative regulations for the supervision of listed companies in China [4]. Group 1: Improvement of Corporate Governance Requirements - The regulations aim to enhance corporate governance by specifying the basic structure of governance for listed companies, detailing the roles and responsibilities of shareholders, boards, audit committees, and independent directors [5]. - It establishes clear qualifications for directors and senior management, emphasizing their duties of loyalty and diligence, and outlines the responsibilities of the board secretary [5]. - The regulations also impose strict rules on controlling shareholders and actual controllers, prohibiting actions that harm the interests of listed companies, such as fund occupation and illegal guarantees [5]. Group 2: Strengthening Information Disclosure Supervision - The regulations focus on preventing financial fraud in information disclosure, mandating that financial reports be accurate and complete, and requiring the establishment of robust internal control systems [6]. - It assigns responsibilities to the audit committee for the prior review and post-investigation of financial reports, enhancing internal oversight [6]. - The regulations clarify the obligations of controlling shareholders and other parties in relation to information disclosure, balancing shareholder rights with fair disclosure principles [6]. Group 3: Regulation of Mergers and Acquisitions - The regulations provide detailed definitions and requirements for mergers and acquisitions, aiming to reduce market disputes and stabilize expectations [8]. - It specifies the roles and independence requirements for financial advisors in the context of mergers and acquisitions, ensuring they act as gatekeepers [8]. - The regulations also emphasize the obligation of listed companies to focus on investment value and establish basic requirements for cash dividends and share buybacks [8]. Group 4: Legal Responsibilities and Supervision - The regulations outline supervisory measures for regulatory bodies, including the authority to mandate corrections and suspend mergers and acquisitions in cases of violations [7]. - Specific penalties are established for actions such as fund occupation and collusion in fraud, increasing the crackdown on illegal activities [7]. Group 5: Enhancing Legal Framework for High-Quality Development - The introduction of these regulations is seen as a necessary step to enhance the legal framework supporting the quality of listed companies, addressing issues such as governance deficiencies and non-compliance in information disclosure [9]. - The CSRC emphasizes the importance of a regulatory approach that is politically and socially responsible, focusing on risk prevention and high-quality development [9]. - Future amendments to the regulations will be based on public feedback, ensuring a democratic and scientific legislative process [9].

中概股普涨，纳斯达克中国金龙指数涨超1%。 百度集团涨近6%，小米集团涨超2%，美团涨近 2%，小鹏汽车、爱奇艺、好未来涨超2%。 | 名称 | 现价 | 涨跌幅 | | --- | --- | --- | | 万得中概科技龙头指数 | 4432.05c | 0.66% | | 纳斯达克中国金龙指数 | 7831.43c | 1.29% | | 万得中概股100 | 3056.65c | 1.02% | 上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 周五（12月5日），美股全线飘红，中概股普涨。黄金、白银尾盘跳水。 美股三大指数均收涨。 大型科技股多数上涨，博通涨超2%，谷歌、Meta涨超1%。存储概念涨幅居 前，SanDisk涨超7%，美光科技涨超4%。 | 名称 | 现价 | 涨跌幅 | | --- | --- | --- | | 道琼斯工业平均 | 47954.99c | 0.22% | | 纳斯达克指数 | 23578.13c | 0.31% | | 标普500 | 6870.40c | 0.19% | 12月5日，美国商务部公布的9月核心个人消费支出（P ...

上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ A股，午后爆发了！ 12月5日下午开盘后，A股保险股持续拉升，中国太保涨超6%，中国平安涨超5%，中国人保、中国人寿等跟 涨。随后，券商股爆发，中银证券触及涨停，兴业证券涨超7%，湘财股份、东方财富、东北证券、华泰证券 跟涨。富时中国A50指数期货午后涨超1%。 那么，究竟发生了什么？摩根士丹利发表最新研报，将中国平安加入重点关注名单，仍列为首选。同时，中信 证券亦唱多保险股。保险股午后爆发，直接带动了券商股行情。进而引爆了整个市场的人气。 两大利好引爆 12月5日，A股三大指数涨幅扩大，上证指数涨超0.7%，深证成指、创业板指涨逾1%。在此过程当中，首先 是保险股发力，接着券商股持续拉升。两大板块联袂出击，带动了市场人气。对指数的提振作用十分明显。个 股上涨的数量也显著回升。 从消息面看，在大摩的加持之下，中国平安A股午后大涨超5%，其H股大涨超6%。平安的爆发也带动了整个 保险板块。 中信证券也认为，保险股面临重大机遇。保险行业已从资产负债表衰退叙事中率先走向良性扩 张，周期向好正式确立，预计2026年向上趋势进一 ...

上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 对于三大指数的直线拉升，有经验的股民一眼就看出是券商等大金融板块发力了。 今天的A股，绝对突发！原本震荡的行情，到了下午一点半的时候，市场遭到资金"偷袭"，直 线暴力拉升，让人目瞪口呆！ 全市场的股民都在问："究竟发生了什么事情？" 那么，按照惯例，这么大幅的波动，一定会找到原因跟大家汇报。 首先，午后13:30，在毫无征兆的情况下，三大指数直线拉升。 富时中国A50指数期货也同步直线拉升！ | | | 自选 返回 中国平安 601318 LR300 | | | | --- | --- | --- | --- | --- | | 0 | 62.00 | | 61.43 2.88 4.92% | | | | 60.00 | 斯 | 版 | 撒 | | | | 卖五 | 61.49 | 131 | | | 58.00 | 卖四 | 61.48 | ਰੇ ਦੇ | | | | 卖三 | 61.47 | 3C | | | 56.00 | 一 | 61.46 | 3 તે | | | | 重- | 61.45 | 84 | 午后 ...

Core Viewpoint - The article highlights a significant rise in A-shares, with over 3,500 stocks increasing in value, driven by four main sectors: computing power industry chain, electric power infrastructure industry chain, commercial aerospace, and non-ferrous metals. Notably, the stock of Moore Threads surged by 416.79%, reaching a market capitalization of 277.6 billion yuan, making it the only stock with a half-day trading volume exceeding 10 billion yuan, totaling 12.59 billion yuan [2][4]. Group 1: Computing Power Industry Chain - The computing power industry chain saw notable gains, particularly in sectors like optical modules and copper cables, with stocks such as Zhishang Technology and Dongtian Micro experiencing significant increases [6]. - Key stocks in this sector included Zhishang Technology, which reached a 20% increase, and Changguang Huaxin, also hitting a 20% increase, with respective market capitalizations of 6.65 billion yuan and 22.7 billion yuan [7]. - Marvell's acquisition of Celestial AI for $3.25 billion, including $1 billion in cash and $2.25 billion in stock, highlights the growing importance of photonic technology in addressing data transmission bottlenecks in data centers [8][9]. Group 2: Commercial Aerospace - The commercial aerospace sector experienced a strong rally, with stocks like Hongxiang Co., Changguang Huaxin, and Chaojie Co. hitting the daily limit of 20% [12]. - The successful launch of the Zhuque-3 rocket and the upcoming 2025 Satellite Internet Industry Ecosystem Conference in Shanghai indicate a growing focus on commercial aerospace advancements [14][15]. - The number of commercial aerospace companies in China has surpassed 600, with significant projects expected to commence during the 14th Five-Year Plan period, including manned lunar missions and satellite internet construction [15].