【导读】 中金公司，明日复牌 中国基金报记者 孙越 12月17日晚间，中金公司与东兴证券、信达证券同步披露重大资产重组预案，中金公司换股吸收合并两家公司迎来重大进展。 合并方式： 本次换股吸收合并的合并方为中金公司，被合并方为东兴证券、信达证券。自本次合并的交割日起，中金公司将承继及承接东 兴证券、信达证券的全部资产、负债、业务、人员、合同、资质及其他一切权利与义务；合并完成后，东兴证券、信达证券将终止上市并 注销法人资格。中金公司因本次换股吸收合并所发行的A股股票将申请在上交所主板上市流通。 换股价格及换股比例： 中金公司的A股换股价格为36.91元/股，东兴证券的A股换股价格为16.14元/股，信达证券的A股换股价格为19.15 元/股。东兴证券与中金公司的换股比例为1:0.4373，即每1股东兴证券A股股票可以换得0.4373股中金公司A股股票；信达证券与中金公 司的换股比例为1:0.5188，即每1股信达证券A股股票可以换得0.5188股中金公司A股股票。 收购请求权及现金选择权安排： 为充分保护中金公司、东兴证券、信达证券股东的利益，本次换股吸收合并将向符合条件的中金公司异议 股东提供收购请求权，向 ...

Core Viewpoint - The Hong Kong stock market experienced a rebound in the afternoon, with major indices rising, driven by a recovery in technology stocks and a boost from the financial sector [2][4]. Market Performance - On December 17, the three major indices in Hong Kong saw significant gains: the Hang Seng Index rose by 0.92%, the Hang Seng Tech Index increased by 1.03%, and the Hang Seng China Enterprises Index climbed by 0.98% [4]. - Major technology stocks such as Meituan, Baidu, Kuaishou, and Tencent saw increases of 1.81%, 1.72%, 1.72%, and 1.42% respectively [4]. - The overall market turnover reached 183.1 billion, with net inflows from southbound funds amounting to 7.9 billion [6]. Financial Sector - The financial sector played a crucial role in the market's recovery, with significant gains in Chinese brokerage and banking stocks. Notable performers included Shenwan Hongyuan, which rose over 6%, and China Life, which increased by 4.31% [9][10]. Commodity Sector - The metals sector was notably active, with gold stocks such as China Silver Group, Shandong Gold, and Zijin Mining rising by 7.35%, 2.47%, and 1.82% respectively. The backdrop of a 25 basis point rate cut by the Federal Reserve is expected to enhance the long-term value of gold assets [12]. - Lithium stocks also performed well, with Tianqi Lithium and Ganfeng Lithium increasing by 5.83% and 5.75% respectively, amid tightening supply expectations following regulatory actions in the lithium mining sector [13]. Company-Specific Movements - Times China Holdings surged by 39.25% after the Hong Kong High Court revoked its winding-up petition, indicating a positive turnaround for the company [15][16]. - Conversely, Guanglian Technology Holdings experienced a significant drop of over 37% due to the termination of a memorandum of understanding regarding cryptocurrency investments, although the company stated it would not impact its financial status [18]. Future Market Outlook - Analysts predict that the Chinese stock market, including both A-shares and Hong Kong stocks, will trend upwards in 2024, with potential for reaching new highs in the latter half of the year [21]. - Structural opportunities are identified in four main areas: growth sectors, dividend assets, traditional industry leaders, and strategic asset allocation in commodities like gold and rare earths [22].

来源：国防部发布 国防部新闻发言人蒋斌就菲律宾国防部炒作仙宾礁水炮事件答记者问 巅峰对话 投资热点说 ETF风向标 IPO情报站 fe o 1 ■ a a - 444 and 4 4 CHINAFUND CHINAFUND CHINAFUND CHINAFUND 开盘速递 港股日报 全球早班车 数说人物 √ � [ 8 a 4 a g a d 4 4 4 CHINAFUND CHINAFUND CHINAFUND CHINAFUND ●微信搜一搜( 〔 〔 中国基金报 〕即刻获取财经资讯 记者 ：12月16日，菲律宾国防部长在社交媒体平台发表声明，诬称中国海上管控力量在仙宾礁附近海 域对菲渔民采取"危险且不人道"行为，否认菲渔民持刀威胁中国海警等。请问中方对此有何评论？ 蒋斌 ：中国对包括仙宾礁在内的南沙群岛及其附近海域拥有无可争议的主权，这具有充分的历史和法 理依据。 菲方有组织有预谋纠集大量船只非法侵闯仙宾礁潟湖，菲方人员甚至持刀威胁现场执法的中 国海警，气焰嚣张、性质恶劣。 中方采取必要措施维护自身领土主权和海洋权益，合理合法、专业克 制。面对事实真相，菲方某些人睁眼说瞎话，狡辩抵赖自身侵权挑衅行径， ...

Core Viewpoint - The Bank of Thailand has lowered its benchmark interest rate by 25 basis points to 1.25%, the lowest level since 2022, in an effort to support a fragile economy amid a strong baht and rising political uncertainty [4][9]. Economic Conditions - The Thai economy is facing significant challenges, including the impact of U.S. tariffs, severe flooding in the southern provinces, and fatal border conflicts with Cambodia [4]. - The central bank has revised its growth forecast for next year from 1.6% to 1.5% due to slowing consumption and exports [4][10]. Monetary Policy Decisions - The Monetary Policy Committee (MPC) unanimously voted to lower the overnight repurchase rate, marking the fifth rate cut in the past 14 months [4][9]. - The decision aims to create a more accommodative financial environment to support economic recovery and alleviate the debt burden on vulnerable groups [4][9]. Currency and Inflation - The Thai baht has appreciated over 8% this year, making it the second-best performing currency in Asia, which has negatively impacted exports and tourism [6][11]. - Consumer prices in Thailand have been in negative growth since April, primarily due to supply-side factors, with inflation struggling to stabilize within the central bank's target range of 1% to 3% [8][11]. Future Economic Projections - The MPC projects economic growth rates of 2.2%, 1.5%, and 2.3% for 2025, 2026, and 2027, respectively, with a noted slowdown in private consumption and exports due to external pressures [10]. - Overall inflation is expected to remain low, with forecasts of -0.1%, 0.3%, and 1.0% for the years 2025, 2026, and 2027, respectively, primarily influenced by declining global energy prices and limited demand-driven inflation [11]. Financial Stability and Credit Conditions - Despite multiple rate cuts, credit remains constrained, reflecting weak private spending and investment amid rising uncertainty [11][12]. - The central bank will continue to monitor credit growth closely and support targeted financial measures to assist vulnerable groups, particularly small and medium-sized enterprises (SMEs) facing liquidity pressures [11][12].

【导读】金价持续飙升之际，A股矿企正加速布局全球黄金资源，是"顺势而为"还是"追高入场"？这场淘金热将如何影响行业格局？ 中国基金报记者 赵心怡 金价狂飙，A股矿业巨头们"坐不住"了。 12月15日，洛阳钼业宣布斥资70亿元拿下巴西金矿，股价应声上涨。截至12月17日收盘，该股年内累计已涨近180%。 此消息一出，资本市场立刻给予热烈反响。12月15日，洛阳钼业开盘强势拉升，一度涨超4%；最终收盘报17.93元/股，上涨1.99%。 这可视作 中国矿企全球"淘金热"的缩影。 今年 以来，紫金矿业、江西铜业、盛屯矿业等A股矿业公司纷纷出手，或跨界布局或加码存量。 贵金属板块年内涨幅超过7 0 % 。 有业内人士直言： "一场围绕黄金资源的争夺战已全面展开。" 2025，"淘金热" 洛阳钼业 宣布拟以10.15亿美元收购加拿大Equinox Gold位于巴西的四大金矿资产，包括Aurizona金矿、RDM金矿及Bahia综合矿区。合 计黄金资源量501.3万盎司，储量387.3万盎司，平均品位1.88克/吨，明显高于全球在产金矿1.06克/吨的平均水平。 今年4月，洛阳钼业就以5.81亿加元收购了加拿大上市公司L ...

缴获中国造反坦克导弹？中方回应 发射场内广播称："收到紧急停止指令。因设备方面出现异常，今日发射中止。" 日本宇宙航空研究开发机构等正在对详细情况进行确认。 泰国军队在柬阵地 来源：央视新闻客户端 日本宇宙航空研究开发机构17日原定在鹿儿岛县种子岛宇宙中心发射一枚H3火箭， 倒计时 结束后任务紧急停止 。 ...

Group 1 - Michael Burry, known as the "Big Short," warns that U.S. households' stock wealth has surpassed real estate wealth, a phenomenon last seen in the late 1960s and late 1990s, which preceded prolonged bear markets [2] - Burry's warning has sparked mixed reactions, with some agreeing on the likelihood of a bear market in the next 5 to 10 years, while others question the validity of the data and the simplicity of the indicators used [3] - Burry highlights the Federal Reserve's plan to purchase approximately $35 billion to $45 billion in government bonds monthly, indicating a fragile banking system that relies on significant Fed support [3] Group 2 - Burry criticizes the Fed's tendency to expand its balance sheet after each crisis to prevent banking system liquidity issues, suggesting this could lead to the nationalization of the entire U.S. bond market [4] - He has expressed skepticism towards major tech companies, including Tesla and Nvidia, labeling their valuations as excessive and challenging their business models [4] - Burry has recently closed his hedge fund and launched a paid newsletter titled "Cassandra Unchained," promising more direct and unfiltered analysis [4]

独"分裂和外来干涉，同我们一道维护台海和平稳定，推动两岸关系和平发展，推进祖国统一 大业。 此外，当天有记者提问，赖清德日前提出400亿美元特别预算案用于向美采购军备。《纽约时 报》近日曝光美国国防部机密报告部分细节， 指出中国大陆已有足够导弹力量，能在美军先 进武器抵台前先予以摧毁，意味着美国已无力"保台"。 对此有何评论？ 朱凤莲指出， 台湾问题纯属中国内政，解决台湾问题是中国人自己的事，不容任何外来干 涉。 赖清德当局为一党私利不断谋"独"挑衅，不断增加防务预算，大搞"全民皆兵"，把台湾 民众绑上"台独"战车，妄图"倚外谋独"、"以武谋独"，是对台湾民众安全与利益的威胁。朱 凤莲强调，"台独"是绝路，外人靠不住，统一挡不住。我们有坚定意志、坚强决心、强大能 力，粉碎一切"台独"分裂图谋，坚决反对外部势力干涉，维护国家主权和领土完整。 来源： 大象新闻、参考消息 央视军事 12月17日，国台办举行例行新闻发布会。有记者提问：《华尔街日报》日前刊文，声称解放 军会通过三个步骤"攻台"，并列出所谓"最佳攻台时间"和"最佳登陆地点"，引发岛内关注。 对此有何评论？ 国台办发言人朱凤莲：解决台湾问题、实现祖国完全 ...

来源：中国新闻网 北京日报 新华社 中国外交部发言人郭嘉昆17日主持例行记者会。 郭嘉昆表示，中方在乌克兰危机问题上的立场一贯明确，我们支持一切有利于和平解决危机的努 力，希望各方通过对话谈判尽早达成一份公平、持久、有约束力的和平协议。 他强调，中国一贯奉行独立自主的和平外交政策，坚持在和平共处五项原则基础上，同各国发展关 系开展合作，同时我们坚定维护自身的主权安全和发展利益。 外交部回应"欧盟希望将冻结的俄资产用于乌克兰"：中方一贯反对违反国际法、未经联合国安理会授权 的单边制裁 俄新社记者提问，欧盟表示希望在12月18日-19日举行的欧盟峰会上，促使欧盟各国就使用冻 结的俄罗斯资产作出决定。将冻结的俄罗斯资产用于乌克兰的决定，是否会削弱中国对欧盟投资 环境的信心？ 有记者提问：据报道，泰国军队在与柬埔寨的冲突中，在柬军阵地上缴获了中国制造的反坦 克导弹等装备。中方对此有何回应？ 郭嘉昆：具体情况请你向中方的主管部门进行了解。我们要强调的是，中国与泰国、柬埔寨 以往都开展了正常的防务合作，不针对任何第三国，更与柬泰边境的冲突无关。 俄方称英法德准备加强对华关系以应对美国，外交部回应 12月17日，外交部发言 ...

兄弟姐妹们啊，今天的市场，太惊喜了！上午虽然指数上涨，但依旧有4000多只个股下跌。而到了下午一点半之后，画风突变，三大指数 直线暴力拉升，泰勒终于可以理直气壮找一回暴涨的原因了！ 而今天的标题，已经有热心读者帮我取好了！ 接下来一起去看看发生了什么事情。 突然的爆买！ 12月17日下午开盘之后，原本震荡的A股三大指数，突然直线拉升。上证指数涨超1%，深证成指涨超2%，创业板指数涨超3%！ 全市场从上午的4000家下跌，转为3600多家公司上涨！ | 背后原因是什么？ | | --- | 为何突然拉升？泰勒找了一圈，起码跟三个消息有关。 首先，打响第一枪的是"牛市骑手"券商股， 金融股午后持续走强，华泰证券一度拉升涨近8%，中国太保、中国人寿、广发证券、东方财 富、中信建投等纷纷走高。 市场人士分析， 或许是资金在博弈中金公司复牌。 11月19日晚间，中金公司、东兴证券、信达证券发布《关于筹划重大资产重组的停牌 公告》，三家公司正在筹划由中金公司分别通过向东兴证券、信达证券全体A股换股股东发行A股股票的方式换股吸收合并东兴证券、信达 证券。 【导读】大涨原因，找到了！ 中国基金报记者 泰勒 | | | | 券 ...