来源：新华社 爱泼斯坦案新文件公布，克林顿怒了！ 美国司法部19日开始在其网站公布已故富商杰弗里·爱泼斯坦相关案件的文件，但将诸多内容做涂黑处 理。多家媒体初步梳理发现，文件中提及现总统特朗普较少，却"大量提及"前总统克林顿。克林顿方面 随后怒斥此举意在找"替罪羊"。 当天早些时候，司法部官员表示，此次将公开数十万份相关记录，接下来几周继续公开更多内容。然而 按美联社说法，已公布的文件约4000份，大多是照片。司法部将在年底前公布全部文件。 另外，目前公布的许多文件经过了大量编辑，多份长达100页甚至更长的文件被完全涂黑。司法部副部 长托德·布兰奇在给国会的信中说，文件中超过1200名受害者及其家属的名字必须做涂黑处理。 19日新公开的照片中，有一张显示克林顿与爱泼斯坦的前女友吉丝兰·马克斯韦尔在同一个泳池中，旁 边还有另外一名脸被涂黑的人。另一张照片中，克林顿在浴缸里，而同一个浴缸里看起来还有另一个脸 被涂黑的人。白宫新闻秘书卡罗琳·莱维特等白宫官员在社交媒体转发了克林顿的照片。 克林顿此前曾对他与爱泼斯坦的往来表示遗憾，并称不清楚后者的任何犯罪活动。克林顿的办公室副主 任安杰尔·乌雷尼亚19日在一份声明中 ...

Summary of Key Points Core Viewpoint - The article highlights the upcoming IPOs of three new stocks in the A-share market, emphasizing the potential for significant profits for investors, as demonstrated by the recent success of the IPO of Muxi Co., which yielded profits of nearly 400,000 yuan per share for investors [2]. Group 1: Upcoming IPOs - Three new stocks are available for subscription next week: Shaanxi Tourism on December 22, New Guangyi on December 22, and Hengdongguang on December 23 [3][4]. - Shaanxi Tourism's subscription code is 732402, with an issue price of 80.44 yuan per share and a P/E ratio of 12.37, compared to the industry average of 26.90 [5][6]. - New Guangyi's subscription code is 301687, with an issue price of 21.93 yuan per share and a P/E ratio of 28.59, against an industry average of 57.92 [14]. - Hengdongguang's subscription code is 920045, with an issue price of 31.59 yuan per share and a P/E ratio of 14.99, compared to the industry average of 58.05 [20]. Group 2: Shaanxi Tourism Financials - Shaanxi Tourism's total issuance is 19.33 million shares, with a maximum subscription limit of 19,000 shares, requiring a minimum market value of 190,000 yuan in the Shanghai market [5]. - The company reported revenues of 2.32 billion yuan in 2022, 10.88 billion yuan in 2023, and projected revenues of 12.63 billion yuan in 2024, with a net profit of -720.73 million yuan in 2022, 427 million yuan in 2023, and 512 million yuan in 2024 [10][11]. - The company expects a revenue decline of 24.69% to 11.54% in 2025, with a projected net profit decrease of 27.50% to 14.80% [12]. Group 3: New Guangyi Financials - New Guangyi's revenues were 4.55 billion yuan in 2022, 5.16 billion yuan in 2023, and are projected to reach 6.57 billion yuan in 2024, with net profits of 81.51 million yuan in 2022, 83.28 million yuan in 2023, and 116 million yuan in 2024 [15]. - The company anticipates a revenue increase of 7.10% in 2025, with a projected net profit growth of 10.00% [17]. Group 4: Hengdongguang Financials - Hengdongguang's revenues were 4.75 billion yuan in 2022, 6.13 billion yuan in 2023, and are expected to reach 13.15 billion yuan in 2024, with net profits of 55.33 million yuan in 2022, 64.52 million yuan in 2023, and 148 million yuan in 2024 [21]. - The company projects a revenue increase of 60.45% to 67.30% in 2025, with net profits expected to rise by 82.13% to 102.36% [24][25].

Core Viewpoint - The smartphone industry is undergoing a significant transformation driven by AI, shifting from hardware-centric innovations to AI as a core operational component [3][5][15]. Group 1: AI's Role in Smartphones - AI has transitioned from being a marketing buzzword to a fundamental aspect of smartphone operation, with manufacturers emphasizing AI's integration into the user experience [3][5]. - Major brands like Apple, Vivo, and Honor are focusing on developing AI capabilities that operate at the system level, indicating a shift towards AI as essential infrastructure for future smartphones [6][10]. - The introduction of the Doubao AI phone exemplifies this shift, showcasing AI's potential to perform tasks autonomously, thus redefining user interaction with smartphones [9][10]. Group 2: Market Dynamics and Consumer Behavior - The global smartphone replacement cycle is lengthening, with the average annual replacement rate dropping to 23.7% by 2024, indicating a shift from smartphones as fast-moving consumer goods to durable goods [5]. - The Doubao AI phone has generated significant market interest, with its price skyrocketing in the second-hand market, reflecting consumer demand for innovative experiences rather than just hardware specifications [9][12]. - The competition is evolving from hardware specifications to AI system capabilities and ecosystem integration, as companies seek to meet consumer demands for streamlined interactions [15][16]. Group 3: Challenges and Ecosystem Impact - Despite the excitement around AI, there are concerns about the lack of "killer applications" that fully leverage AI's capabilities in smartphones, limiting its current effectiveness [8][12]. - The introduction of AI-driven smartphones has led to disruptions in existing app ecosystems, with some applications restricting access to AI operations, highlighting the tension between innovation and established app functionalities [12][13]. - The shift towards AI as an operational entity may necessitate a reevaluation of app monetization strategies and user engagement models, as AI could change how users interact with applications [13][16].

Core Viewpoint - The A-share and Hong Kong stock markets are expected to continue their upward trend in 2026, with "technology + overseas expansion" remaining the main investment theme [2][9]. Group 1: 2025 Market Overview - The A-share market exhibited a volatile upward trend in 2025, with small-cap growth stocks outperforming due to catalysts like DeepSeek [6]. - The market experienced a "V-shaped" recovery after a sharp decline in Q2, driven by increased overseas AI demand [6]. - Key unexpected areas included the overseas expansion of Chinese companies and the commercialization of AI, which exceeded initial expectations [6][7]. - The bull market was supported by policy shifts, improved liquidity, and a favorable global economic environment [7][8]. Group 2: 2026 Market Outlook - A-share earnings growth is anticipated to show a "front low and back high" trend, while Hong Kong stocks may see a style shift towards core assets [10]. - The "new four bulls" logic includes capital inflow, technological innovation, institutional reform, and consumption upgrade [10][11]. - The A-share market is expected to enter a recovery phase in earnings, driven by improving liquidity and positive signals from the real estate sector [11][12]. - The overall economic growth is projected to remain stable, with a focus on quality improvement as the negative impact of real estate diminishes [12]. Group 3: Investment Opportunities - The "technology + overseas expansion" theme is expected to be a key driver of A-share earnings growth over the next three years [14]. - Key sectors to watch include AI applications, electric power, and high-end manufacturing, particularly in areas like engineering machinery and chemicals [14][15]. - The focus on "new highs" in sectors such as non-ferrous metals and new consumption is emphasized, alongside the importance of global competitiveness [15][16]. - Seven major investment themes for 2026 include policy cycles, technology cycles, real estate cycles, and capital market reforms [16]. Group 4: Market Differentiation and Trends - Market differentiation is expected to narrow, driven by positive changes in domestic demand and the performance of high-growth sectors [20][21]. - The transition from a liquidity-driven bull market to one driven by earnings improvement is anticipated, with a focus on cyclical sectors [21][22]. - The current extreme differentiation in the market is unlikely to persist, with a gradual shift towards a more balanced market structure expected in 2026 [22]. Group 5: Risks and Considerations - Key risks include policy uncertainties and potential changes in U.S. Federal Reserve interest rate expectations, which could impact liquidity [26]. - The performance of the real estate sector and the overseas revenue of A-share companies are critical factors to monitor [26].

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来源：津云综合 荆楚网、南方都市报 近日，"哀牢山荒野求生赛事"引发关注。 12月20日，记者注意到，该活动主办单位浙江柏杨文化产业发展有限公司于19日发布道歉信 称，关于该公司计划筹备的"哀牢山荒野求生赛事"，因前期宣传不当给广大网友带来了误解和 困扰， 经慎重考虑，公司决定停止举办并致歉。 此前，12月18日晚，云南新平彝族傣族自治县文化和旅游局发布情况说明称， "哀牢山荒野 求生赛事（暂定名）"实为该局与某文化公司策划的情景体验综艺类节目。 据通报，目前具体策划方案正在编制中，具体拍摄时间、地点、内容及条件待进一步洽谈。后 续，云南新平县文化和旅游局将督促合作公司严格执行许可备案等规定，依法依规、安全有序 开展相关工作。 记者19日查询发现，12月17日，云南新平县融媒体中心"大美新平"发布视频称，"哀牢山荒 野求生赛"在新平举行签约仪式，现视频已被删除。 早在2024年国庆假期期间，一段博主进山取颜料的视频，引爆了云南哀牢山的热度。这条被 传成"中国的百慕大""现实版云南虫谷"的神秘山脉，迅速吸引众多游客前往打卡。外界将哀牢 山视作秘境，因此这一小众景点也成了主播们"探秘"的好去处。 哀牢山在互联网爆 ...

来源：每日经济新闻综合自极目新闻、山西省人民政府网站、黄河新闻网、公开资料等 山西宣布：废除烟花爆竹"禁放令"！商家：已有不少消费者购买！工作人员：禁令废止之后如何管理， 还未收到其他政策性文件 近日，山西省人民政府发布《山西省人民政府关于宣布废止124件行政规范性文件的决定》。 文件提到，经清理，省政府决定对制定依据已发生重大变化、主要内容已被新的法律法规规章或 上级文件所涵盖、调整对象已消失、工作任务已完成或内容已不适应经济社会发展的124件行政 规范性文件宣布废止。凡列入本决定附件废止目录的行政规范性文件，自本决定印发之日起停止 执行，不再作为行政管理的依据。 文件要求，各地、各部门要做好相关政策的衔接落实，对因文件废止需要制定替代政策措施的， 要抓紧研究制定，确保管理无空档；对涉及群众切身利益的，要做好宣传解读，实现平稳过渡。 | 索 引号: 012150SX00100/2025-06787 | 主题分类: 综合政务 | | --- | --- | | 发文机关： 山西省人民政府 | 成文日期: 2025年12月16日 | | 标 题： 山西省人民政府关于宣布废止124件行政规范性文件的决定 | | ...

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中国驻玻利维亚使馆通过领保志愿者即时获悉案情，迅速与警方核实，派领事官员赴医院探 望受害人，并为案件调查全力提供协助。使馆将密切跟踪案件进展，持续敦促和协助警方破 案，并与警方、侨界等有关方面联合商讨实施加强保护我在玻公民、侨胞人身和财产安全的 有效措施，同时希望对上述案件知情的中国公民和侨胞积极向使馆和警方提供相关信息线 索。 鉴于此案发生及玻利维亚当前复杂的政治和社会经济形势，使馆特提醒旅玻中国公民和侨 胞： 1.提高安全防范意识，尽量避免随身携带大量现金和贵重物品出行，尽量避免单人出行； 2.密切关注当地局势尤其是治安形势，尽量避免前往治安不靖地区，尽量避免在治安案件高发 时段出行； 3.如遇抢劫等紧急情况，务必保持冷静，优先保护个人生命安全，并及时报警。 来源：中国驻玻利维亚使馆 关于近期一起重大治安领保案件的通报以及对我公民侨胞加强安全防范的提醒 当地时间12月18日下午，玻利维亚首都拉巴斯发生一起一男性中国公民遭数名蒙面持枪歹徒 拦车抢劫的恶性治安案件。该中国公民腿部中枪，送医救治后现已脱离危险，其随身携带的 大量现金和贵重物品被抢。目前案件仍在调查之中。 关于近期一起重大治安领保案件的通报以及对 ...