房地产市场最新数据出炉。 "随着控增量、优存量等房地产政策措施持续发挥作用，今年以来房地产去库存稳步推进，全国商品房待售面 积已经连续八个月减少。"付凌晖说。 上海易居房地产研究院副院长严跃进也认为，10月单月全国商品房待售面积同比增速为3.3%，该指标持续改 善说明各地去库存工作有积极的进展。近年来供应层面持续调整，新盘供应有所减少，而且今年的很多项目都 以"好房子"的标准推进，所以库存结构在持续优化。库存指标的增速变缓，也说明供求关系在持续改善，对于 后续止跌回稳具有积极的作用。 从房企到位资金来看，数据显示，1—10月份，房地产开发企业到位资金78853亿元，同比下降9.7%。其中， 国内贷款12160亿元，同比下降1.8%；利用外资19亿元，同比下降37.5%；自筹资金28419亿元，同比下降 10.0%；定金及预收款23257亿元，同比下降12.0%；个人按揭贷款10834亿元，同比下降12.8%。 付凌晖表示，在"白名单"项目扩围增效等积极因素带动下，房地产开发企业到位资金降幅收窄，1—10月房企 到位资金同比降幅比去年同期和去年全年分别收窄9.5和7.3个百分点。 付凌晖指出，1—10月份，全国 ...

央行将开展8000亿元买断式逆回购！ 11月14日，中国人民银行（下称"央行"）发布预告称，将在17日以固定数量、利率招标、多重价位中标方式开 展8000亿元买断式逆回购操作，期限为6个月（182天）。综合11月操作量与到期量看，本次操作意味着当月央 行买断式逆回购将实现加量续作，累计净投放5000亿元。 自去年10月启用以来，央行持续开展买断式逆回购操作补充中长期资金缺口。为进一步提高买断式操作信息披 露的时效性，央行自今年6月起调整为操作前发布招标公告，明确操作日期和操作量等信息，稳定市场预期。 对于国债买卖操作，市场机构更看重央行重启操作的信号意义，预计央行通过买入国债大幅投放流动性的必要 性不强。光大证券固定收益首席分析师张旭此前接受记者采访时表示，无论是否重启国债买卖，央行皆有能力 维护银行体系流动性的充裕。 责编：万健祎 校对： 许欣 版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体 法律责任的权利。 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes END 点击关键字可查看 潜望系列深度报道丨 股事会专栏 丨 投资 ...

Core Viewpoint - The Chinese government expresses serious concern over Japan's recent military and security developments, indicating a potential shift away from its pacifist stance and raising alarms about regional stability [3][4]. Group 1: Japan's Military Policy Changes - Japan's Prime Minister, Fumio Kishida, has been vague about the "Three Non-Nuclear Principles," suggesting a possible abandonment of these principles, which has raised concerns about Japan's intentions regarding nuclear capabilities [3]. - High-ranking Japanese officials have stated that they do not rule out the option of introducing nuclear-powered submarines, signaling a significant policy shift towards military expansion [3]. - Japan has been increasing its defense budget annually and relaxing restrictions on arms exports, indicating a move towards developing offensive military capabilities [3]. Group 2: Regional Security Concerns - The remarks made by Japanese officials regarding potential military intervention in the Taiwan Strait have provoked strong reactions from China, which views these statements as a serious violation of its sovereignty and a challenge to the post-war international order [6][7]. - The Chinese government emphasizes that Taiwan is a core interest and any foreign interference in Taiwan's affairs is unacceptable, reiterating its stance against Japan's military provocations [7]. Group 3: Historical Context and Calls for Reflection - The year marks the 80th anniversary of the victory in the Chinese People's War of Resistance against Japanese Aggression, prompting calls for Japan to reflect on its historical actions and adhere to a path of peaceful development [3][7]. - The Chinese government urges Japan to stop using historical grievances as a pretext for military expansion and to take concrete actions to rebuild trust with its Asian neighbors [3].

Core Viewpoint - Nexperia China asserts its capability and commitment to ensure full salary and benefits for all employees despite external interferences and internal management challenges from Nexperia Netherlands [1][4]. Group 1: Company Response to External Interference - Nexperia China highlights that the root cause of its current challenges stems from inappropriate interventions by the Dutch government, which has not taken any substantial actions to restore stability in the global semiconductor supply chain [3][6]. - The company emphasizes that it is actively engaging in "self-rescue" measures in compliance with Chinese laws to maintain orderly production and operations, while facing disruptions from Nexperia Netherlands management [3][4]. Group 2: Internal Management Challenges - Nexperia China accuses certain management members from Nexperia Netherlands of obstructing operations by halting wafer supplies and questioning the quality of products from China, which contradicts their stated commitment to support the Chinese team [3][4]. - The company expresses gratitude towards its employees for their contributions and reassures them that all salary and benefits are being paid in full, reinforcing the importance of employee welfare [4][5].

"中国在许多行业，尤其是高科技领域，居于领先地位。我们期待在互补性产业方面深化合作。"在近日举办的中信建投证券2026年资本市场峰会暨中国—沙特投 资合作论坛上，沙特交易所首席执行官（CEO）穆罕默德·艾·鲁迈赫（Mohammed AL Rumaih）接受证券时报·券商中国记者视频专访时，兴致盎然地邀请中国投 资机构共同参与沙特资本市场。 近年来，中国和沙特资本市场的双向互动越来越频繁。2023年，沙特证券交易所分别与沪深交易所签署谅解备忘录，后与港交所签署合作备忘录，共同探索联合上 市、金融科技等领域合作。目前，合作已步入落地阶段，除跨境ETF产品相继推出外，更受市场瞩目的两地企业交叉上市与双重上市事宜，亦在持续推进。 这是穆罕默德·艾·鲁迈赫在三年内第五次到访中国，与他同行的还有部分沙特上市公司和资管机构的工作人员。谈及中沙资本市场的未来合作，穆罕默德·艾·鲁迈赫 明确指出，双方合作三年来虽刚起步，但进展已令人鼓舞。专访中，他还透露了多项有关两地交易型开放式指数基金（ETF）合作与企业交叉上市的关键进展，并 表示可以着力推动人工智能（AI）产业方面的合作。 ▲中信建投供图 证券时报·券商中国记者：我们注意 ...

Core Viewpoint - The article highlights the successful establishment of the "Tianyan-287" superconducting quantum computer, which demonstrates "quantum computing superiority" by processing specific problems 450 million times faster than the fastest supercomputers, marking a significant milestone in China's quantum computing capabilities [1][3]. Group 1: Quantum Computing Development - The "Tianyan-287" quantum computing system is equipped with the same series of chips as the renowned "Zuchongzhi 3," featuring 105 data qubits and 182 coupling qubits, showcasing its quantum computing superiority [3][4]. - The construction of the quantum computer reflects breakthroughs in three areas: "fully domestic production," "AI empowerment," and "super fusion" [4]. Group 2: Technological Innovations - The project utilized domestically produced superconducting quantum computing hardware and components, establishing a fully domestic supply chain for superconducting quantum computing [4]. - An AI-enabled automatic calibration system for superconducting chip parameters was developed, enhancing the efficiency and precision of the quantum computing system [5]. Group 3: Cloud Platform and Applications - The "Tianyan" quantum computing cloud platform integrates supercomputing capabilities and is designed to lower the technical application threshold, facilitating the transition of quantum computing from research to practical applications [7]. - As of November 2023, the "Tianyan" quantum computing cloud platform has achieved over 37 million visits, serving users in more than 60 countries and completing over 2.7 million experimental tasks [7]. Group 4: Industry Outlook - The current landscape of quantum computing in China is characterized by breakthroughs in hardware, completion of software tools, and collaborative industry advancement, indicating a shift from research breakthroughs to commercial applications [7][8].

Market Overview - The Asia-Pacific stock markets mostly declined, with the Nikkei 225 index down 1.77% to 50,376.53 points, and the South Korean index falling 3.81% to 4,011.57 points [1] - European stocks opened lower, with the UK FTSE 100 and Italy's FTSE MIB indices dropping over 1% [1] - A-shares showed initial strength but weakened in the afternoon, with the Shanghai Composite Index closing down nearly 1% below the 4,000-point mark [1][3] A-Shares Performance - The Shanghai Composite Index closed down 0.97% at 3,990.49 points, while the Shenzhen Component Index fell 1.93% to 13,216.03 points [3] - The ChiNext Index dropped 2.82% to 3,111.51 points, and the STAR 50 Index fell 2.72% [3] - The total trading volume in the Shanghai and Shenzhen markets was 19,806 billion yuan, a decrease of 853 billion yuan from the previous day [3] Sector Performance - Over 3,300 stocks in the market were in the red, with the semiconductor sector experiencing significant declines, particularly in storage chip concepts, where stocks like Bawei Storage and Jiangbolong fell over 10% [3][13] - Conversely, the gas and oil sectors saw strong gains, with stocks like Shouhua Gas and Heshun Oil hitting the daily limit [3][9] - The pharmaceutical sector was notably active, with stocks such as Chengda Pharmaceutical and Kangzhi Pharmaceutical reaching the daily limit of 20% [6][8] Pharmaceutical Sector Insights - The pharmaceutical sector has been supported by favorable policies since 2020, promoting a shift from generic to innovative drugs [6] - Citic Securities forecasts a positive investment trend in the pharmaceutical industry through 2026, driven by supportive policies and a return to a market pricing system based on clinical value [8] Gas and Coal Sector Performance - The gas sector saw significant gains, with stocks like Guo Xin Energy and Jingneng Thermal Power hitting the daily limit [9][10] - The coal sector also performed well, with companies like Yunmei Energy and Anyi Group reaching their daily limits [10] Storage Chip Sector Decline - The storage chip sector experienced a sharp decline, with major players like Bawei Storage and Jiangbolong dropping over 10% [13] - Concerns about the global supply-demand imbalance in the storage chip market were exacerbated by poor earnings reports from companies like Kioxia, which reported a 60% drop in net profit [15]

世界首台！ 11月13日，记者了解到，世界首台650℃高效超超临界燃煤发电锅炉近日在华能玉环电厂完成首方混凝土浇 筑，进入全面建设阶段。该锅炉是我国特种设备安全沙盒监管制度实施以来，首例经市场监管总局批准进入沙 盒试验的设备。 该锅炉在全球范围内首次将燃煤火电机组蒸汽温度提升至世界最高的650℃，采用我国自主研发的全系列高温 合金新材料，突破高温合金"卡脖子"难题，实现了关键高温材料技术的完全自主可控，是我国在耐高温新材 料、煤电清洁高效利用新技术领域的重大突破。 该锅炉建成后，将刷新世界火电机组最高运行参数和最低煤耗纪录，大幅提升煤电清洁高效利用水平，为我国 早日实现"双碳"目标提供重要技术支撑。 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体 法律责任的权利。 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes END 点击关键字可查看 潜望系列深度报道丨 股事会专栏 丨 投资小红书 丨 e公司调查 丨 时报会客厅 丨 十大明星私募访谈 丨 零容忍！上海通报：吊销绿捷公司"双证"，8名责任人被逮捕 丨 20%涨停！医药股，爆发！ 丨 ...

Core Viewpoint - The article discusses the provocative remarks made by Japanese Prime Minister Fumio Kishida regarding Taiwan, suggesting potential military intervention, which has drawn strong responses from various Chinese government departments and officials [1][10][20]. Defense Ministry Response - The Defense Ministry criticized Kishida's comments as a serious violation of China's sovereignty and a dangerous provocation, warning that any reckless actions by Japan would lead to severe consequences [2][3][4]. - It emphasized that Taiwan is an internal matter for China and any foreign interference is unacceptable, reiterating the historical context of Japan's past aggression [3][6]. Foreign Ministry Response - The Foreign Ministry condemned Kishida's statements as a blatant interference in China's internal affairs and a challenge to the one-China principle, demanding Japan retract its remarks [5][11][20]. - It highlighted the historical responsibility Japan holds regarding Taiwan and called for a deep reflection on its past actions [11][15]. Historical Context - The article references the 80th anniversary of the victory in the Anti-Japanese War and Taiwan's recovery, stressing that Japan's past colonial rule over Taiwan and its wartime atrocities should inform its current stance [6][10][15]. - It questions Japan's intentions in light of its militaristic history and warns against repeating past mistakes [12][20]. Taiwan's Status - Taiwan is reaffirmed as an inseparable part of China, with the resolution of the Taiwan issue being a matter solely for the Chinese people, free from external interference [14][21]. - The article warns that any attempt by Japan to intervene militarily in Taiwan would be viewed as an act of aggression, prompting a strong response from China [8][12][18]. Conclusion - The article concludes with a firm stance that any foreign attempts to disrupt China's unity will be met with resolute opposition, emphasizing the determination of the Chinese government and people to safeguard national sovereignty [16][22].

Core Viewpoint - Wolant has completed a B+ round financing of several hundred million yuan, which will be used for the airworthiness certification and mass production preparation of its VE25 eVTOL, accelerating its commercialization process [2][3]. Financing and Valuation - Wolant has become one of the most active companies in the low-altitude economy sector, completing ten rounds of financing since its establishment in 2021, with a valuation exceeding 1 billion USD after the B round [2][3]. - The company is also noted for having the highest number of financing rounds in the low-altitude economy sector in 2024 [2]. Technological Advancements - The VE25 eVTOL has achieved significant milestones, including the completion of engineering prototypes and manned flight tests, with confirmed orders from multiple airlines and leasing companies [2][3]. - The eVTOL technology is expected to revolutionize the aviation industry, significantly reducing operational costs and infrastructure requirements [3]. Market Potential - The low-altitude economy market in China is projected to reach 1.5 trillion yuan by 2025 and exceed 3.5 trillion yuan by 2035, indicating substantial growth potential [5]. - The integration of eVTOL technology is seen as a key driver for innovation and capital flow within the low-altitude economy, which has been recognized as a strategic emerging industry by the government [3][5]. Strategic Partnerships - Wolant has signed multiple cooperation agreements with various companies, including leasing firms and service providers, to build a fleet of VE25 eVTOLs and develop air travel solutions [4].