Market Overview - A-share market showed mixed performance with the Shanghai Composite Index up by 0.16%, while the Shenzhen Component and ChiNext Index fell by 0.85% and 1.81% respectively [2] - The total trading volume across the market reached 1.06 trillion yuan, slightly higher than the previous day, with over 3,600 stocks rising [3] Sector Performance - Strong performance was noted in sectors such as defense, light manufacturing, and textiles, while SPD, commercial aerospace, and 6G concept stocks were particularly active [4] - The SPD index rose by 5.41%, with other related sectors like satellite internet and commercial aerospace also showing gains [5] Notable Stocks - In the healthcare sector, stocks like Huaren Health surged to a 20% limit up, with several other stocks also hitting their daily limits [9] - Tianyin Electromechanical achieved a 19.98% increase, reflecting strong interest in the commercial aerospace sector [16] ST Stocks Activity - The ST sector experienced significant volatility, with stocks like *ST Yanshi and *ST Yushun showing "limit up" movements, indicating a speculative trading environment [21][22] - Overall, the ST sector was notably active, with multiple stocks achieving consecutive limit up days, such as *ST Chengchang with nine consecutive limit ups [24][25] Industry Trends - The commercial aerospace sector is gaining momentum, supported by recent initiatives such as the establishment of the "Commercial Aerospace Measurement and Control and Satellite Application Alliance" [19] - The integration of AI technology in health management, exemplified by Ant Group's launch of the AI health application "Antifufu," is expected to create new growth opportunities in the healthcare sector [13]

来源：参考消息 据共同社12月17日报道，本田公司17日透露，由于半导体短缺，计划从12月下旬到明年1月上 旬，日本和中国工厂的整车生产将暂停或减产。此前发生类似情况的北美工厂虽已恢复正常运 转，但生产体制岌岌可危的状态仍在持续。 本田未公布具体涉及的日本工厂，但埼玉工厂和铃鹿工厂可能是对象。生产调整的整个规模尚 不清楚。本田说明称今后的生产将视半导体的供应情况等作出判断。 本田在10月和11月暂停了墨西哥工厂的生产，美国和加拿大的工厂也被迫减产，原因是全球电 子元件供应商安世半导体公司（总部位于荷兰，但由中国控股）受到出口管制。本田未提及此 次短缺的半导体是否为安世产品。 本田11月公布的截至2026年3月的财年合并财报预期显示，因半导体短缺导致产量低于预期， 反映主营业务盈利状况的营业利润将缩水1500亿日元（约合人民币68亿元）。 les & FR 点击下载中国基金报客户端 ■ 中国基金报内容矩阵 ■ 据本田公司称，与中国国企巨头广汽集团的合资工厂12月29日起将停产5天。日本的工厂将在 明年1月5日、6日停产两天，7至9日的产量也低于原计划。 巅峰对话 投资热点说 ETF风向标 IPO情报站 fe o ...

"驰驰" 的设计灵感源自唐代三花马。三花马因马鬃被修剪成三瓣而得名，是以昭陵六骏等为代表 的唐代文物和史料中所见良马的最高规格。"驰驰"意气风发，束起的马尾更添英武之气，尽展自信 从容的风姿。 来源： 央视新闻微信公众号 骐骥驰骋！2026年总台马年春晚吉祥物发布 四匹骏马齐亮相，骐骥驰骋踏新程！12月18日，中央广播电视总台《2026年春节联欢晚会》发布 吉祥物形象。 "骐骐""骥骥""驰驰""骋骋"四匹骏马，活泼可爱、意气风发，与晚会主题"骐骥驰骋 势不可挡"一脉相承、相得益彰。 吉祥物的设计灵感来源于中国不同时期马的经典形象，并将流云 纹、山云纹等千年纹样"穿"上身，充盈着生生不息的历史美感和万象更新的时代气象，饱含马到成 功、前程似锦的美好寓意。 "骐骐" 的设计灵感源自西周盠驹尊，配色取自"骐"字本意——青黑色的马，气质庄重而典雅。"骐 骐"头戴当卢，高束发髻、彬彬有礼，尽显朝气蓬勃、心怀远志的昂扬奋进之姿。 "骥骥" 的设计灵感源自汉代天马。它的身姿参考国宝级文物铜奔马，翅膀借鉴错金银镶松石狩猎 纹铜伞铤上的飞马造型。"骥骥"双翼舒展、腾云逐日的英姿，彰显奋发向上的精气神。 "骋骋" 的设计原型是 ...

Group 1 - The article highlights the discovery of the largest underwater giant gold mine in Asia, located in the northern waters of Sanshan Island, Laizhou City, which is the only one of its kind in China [2] - The total proven gold resource reserves in Yantai City exceed 3,900 tons, accounting for approximately 26% of the national total, with both gold resource reserves and production ranking first in the country [2]

Core Viewpoint - The People's Bank of China (PBOC) will issue 40 billion RMB central bank bills in Hong Kong to enhance the offshore RMB financial product offerings and improve the RMB yield curve in Hong Kong [2][5]. Group 1: Issuance Details - The 10th issue of central bank bills will have a term of 6 months (182 days), with a total issuance amount of 40 billion RMB, starting from December 24, 2025, and maturing on June 24, 2026 [3][4]. - The face value of each bill is set at 100 RMB, and the issuance will adopt a Dutch auction method with interest rates as the bidding subject [4]. Group 2: Market Impact - The total issuance of central bank bills in Hong Kong for the year will reach 340 billion RMB, continuing the high issuance trend observed since 2024 [5]. - The issuance of offshore RMB central bank bills is seen as a flexible tool for managing RMB liquidity, which can influence the supply-demand dynamics in the offshore RMB market [5]. - The issuance is expected to support the internationalization of the RMB and reinforce Hong Kong's status as an international financial center [5]. Group 3: Currency Outlook - Recent trends show the RMB appreciating against the USD, with the offshore RMB exchange rate breaking below 7.04, indicating a strengthening of the currency [5]. - The outlook for the USD index suggests a continued weak trend, which, combined with domestic economic support and PBOC's stable exchange rate policies, may lead to a moderate appreciation of the RMB [7].

【导读】化工板块走高，多股直线拉涨停 中国基金报记者 李智 一起来看下最新的市场情况及资讯。 12月18日早盘，A股三大指数集体低开，之后震荡攀升。截至发稿，上证指数率先飘红。 | W | | | 上证指数(000001) | | | | --- | --- | --- | --- | --- | --- | | | | | 12-18 10:39:42 | | | | 3876.75 | | 昨收 | 3870.28 | | 成交额 3441.99亿 | | +6.47 | +0.17% | 今开 | 3857.26 | 成交量 | 222.39亿 | | 上涨 | 1527 | 平台 | 94 | 下跌 | 716 | | 最高价 | 3880.93 | 市图率 | 16.22 | 近20日 | -1.38% | | 最低价 | 3856.42 | 市净率 | 1.47 | 今年来 | 15.66% | | सेव | 모 | 日K | | 周K | | | 叠加 | | | 均价: -- | | | | 3904.41 | | | | | 0.88% | 从板块来看，化工板块震荡拉升，零售、商业航天、光 ...

Core Viewpoint - The first Hong Kong International AI Art Festival will take place from December 19 to 21, 2025, at the Hong Kong Convention and Exhibition Centre, marking Asia's first fully immersive AI art exhibition and the world's first art-centric narrative "Robot Carnival" [1][30]. Group 1: Event Highlights - The festival will feature over 40 artists, 40 events, and 30 technology companies, showcasing more than 100 robots in a series of exciting activities [5][12]. - It aims to create a "smart civilization laboratory" within the city, utilizing cutting-edge technology as a medium for artistic expression [7]. - The event will incorporate real-time algorithm generation and multi-modal interaction, guiding attendees through a threefold experience of perception, interaction, and co-creation [9]. Group 2: Focus Areas - The festival will cover a wide range of cutting-edge creations, including data art, generative imagery, sound experiments, and robotic art, providing a comprehensive view of the global landscape of AI art [13]. - It emphasizes cross-disciplinary collaboration among AI, art, research, and investment, positioning itself as a pivotal point for future industries [22]. - The event will also feature interactive experiences such as robot fashion shows and human-robot chess matches, allowing for close-up interactions with various robots, including panda robots and exoskeletons [18][20].

Core Viewpoint - Oracle's significant drop has triggered a collective decline in major tech stocks, with the Nasdaq falling over 400 points [2] Group 1: Market Performance - All three major U.S. stock indices closed lower, with the Dow Jones down 0.47%, S&P 500 down 1.16%, and Nasdaq down 1.81% [4] - The Nasdaq index fell nearly 2% [3] - The Nasdaq China Golden Dragon Index decreased by 0.73%, with notable declines in Alibaba, JD Group, and Bilibili [15] Group 2: Oracle's Situation - Oracle's stock dropped by 5.41% after a major investor withdrew from a $10 billion data center project in Michigan, raising concerns about the company's debt levels and spending [9] - Blue Owl Capital was expected to finance the project, but the plan fell through, leading to market worries [9] - Despite Oracle's denial of the report and claims that the project is still progressing, the stock decline continued [9] Group 3: Broader Tech Sector Impact - Major tech stocks experienced declines, with Tesla down 4.62%, Nvidia down 3.81%, and Google down 3.14% [10] - The overall sentiment in the market reflects investor skepticism regarding the high valuations of AI-related stocks and the ability of companies to generate sufficient profits from their substantial investments in AI [4] Group 4: AI Developments - Google is collaborating with Meta to enhance TPU support for PyTorch, aiming to challenge Nvidia's dominance in the AI chip market [11] - Amazon announced a restructuring of its AI-related project teams, integrating its general AI team with its chip development and quantum computing research [12] Group 5: IPO Performance - Medline's stock surged by 41.38% on its first trading day, closing at $41 per share, after an IPO price of $29, raising $6.26 billion [19]

来源：黑龙江日报 黑龙江日报消息，12月16日，黑龙江省委书记许勤在哈尔滨会见宇树科技股份有限公司董事 长兼首席执行官、首席技术官王兴兴。 许勤对王兴兴到访表示欢迎，对宇树科技在人工智能领域取得的成就表示赞赏。 他指出，人工智能是引领新一轮科技革命和产业变革的重要驱动力。黑龙江认真贯彻习近平 总书记重要讲话重要指示精神，大力发展数字经济，推进算力基础设施建设，全面实施"人工 智能+"行动，加快培育新质生产力。我们欢迎宇树科技在黑龙江省布局人工智能产业，围绕 大模型、绿色算力、人机交互、具身智能等领域，深化技术创新、市场应用和产业培育合 作，突破更多前沿技术、取得更多原创成果，赋能龙江全面振兴，服务科技强国建设。 王兴兴介绍了宇树科技研发运营情况。他表示，黑龙江发展人工智能有良好基础和明显优 势。宇树科技同黑龙江高校和科研院所一直保持密切联系，将积极对接黑龙江优质创新资 源，在人工智能研发、生产、测试等领域生成更多合作项目，助力黑龙江高质量发展。 黑龙江省领导徐向国，哈尔滨市市长王合生和省直有关部门负责同志参加。 委内瑞拉向中方通 报 ...

Core Viewpoint - Fengxing Co., Ltd. plans to acquire 75% equity of Baiyin Huaxin Jiuhe Recycling Resources Co., Ltd., which is expected to constitute a major asset restructuring [2][5]. Group 1: Transaction Details - The acquisition involves issuing shares to purchase the equity, with the total amount of funds raised not exceeding 100% of the transaction price [4]. - The number of shares issued will not exceed 30% of the company's total share capital prior to the transaction [4]. - The funds raised will be used for project construction, working capital, debt repayment, and intermediary fees related to the acquisition [4]. Group 2: Company Background - Baiyin Huaxin, established in April 2021, focuses on hazardous waste disposal and recycling, with a processing capacity of 755,000 tons per year [5][6]. - The company’s main products include zinc oxide, silver powder, and iron powder, derived from hazardous waste [5]. - Baiyin Huaxin has stable raw material sources due to long-term partnerships with local waste-producing units [6]. Group 3: Financial Performance - Baiyin Huaxin's revenue for 2023 to the third quarter of 2025 is projected at 253 million, 366 million, and 307 million yuan, respectively [6]. - The net profit for the same periods is expected to be approximately 41.06 million, 72.75 million, and 72.67 million yuan [6]. Group 4: Strategic Implications - Post-acquisition, Baiyin Huaxin will become a subsidiary of Fengxing, enhancing the company's service offerings in the mining and non-ferrous metal sectors [6]. - The transaction aims to create new business growth points and improve overall profitability by integrating upstream mining and downstream waste disposal operations [6].