Group 1 - The South Korean government held an emergency meeting on December 14 to address the ongoing depreciation of the Korean won, which has reached its highest monthly average since the financial crisis, surpassing 1470 won per dollar [2][3]. - The meeting included a wide range of participants beyond the usual foreign exchange authorities, indicating a comprehensive approach to assess factors affecting foreign exchange supply and demand, such as overseas investments by the National Pension Service [5]. - Concerns have been raised by policymakers regarding the weakening of the won, particularly as the interest rate differential between South Korea and the U.S. remains at a historically high level, which could lead to further depreciation of the currency [6]. Group 2 - Analysts suggest that if the won continues to weaken and approaches the psychologically significant level of 1500 won per dollar, South Korea may increase its intervention efforts in the foreign exchange market [6]. - The National Pension Service, as the largest institutional investor in South Korea with overseas assets of approximately $545 billion, has previously engaged in currency hedging to support the won, indicating its potential role in stabilizing the currency [6][7]. - The expectation of year-end currency management by foreign exchange authorities is rising, particularly in light of thin market liquidity during this period [7].

Group 1 - The article emphasizes the importance of consumer experience and service quality as the lifeline of the cultural tourism industry, urging for enhanced management and service efficiency to enrich visitor experiences [2] - It highlights the need for comprehensive supervision and management, including the establishment of complaint channels and strict enforcement against illegal activities to protect tourists' rights [2] - The article discusses the relationship between Shaolin Temple and Shaolin culture, advocating for adherence to the Chinese direction of religion and the importance of maintaining the temple's reputation [2][3] Group 2 - The Songshan Shaolin Scenic Area is recognized as a world-famous tourist destination and was among the first to be designated as a 5A-level scenic area by the National Tourism Administration [3] - The area features rich cultural and natural landscapes, including the Shaolin Temple, the largest and most numerous pagoda forest in China, and various historical sites within a core area of 2.18 square kilometers [3] - Notable natural attractions include the best viewing spots in the Songshan Geopark, showcasing over 40 scenic views such as "Monkey Watching the Sky" and "Autumn Colors of Shaoshi" [3]

根据日本气象厅发布的暴风、巨浪红色预警，12月14日晚至15日上午领区山形县、新潟县等 地将遭遇暴风、巨浪侵袭，最高风速可能达到20-25米/秒。中国驻新潟总领馆紧急提醒领区 中国公民以下事项： 一、注意出行安全。建议密切关注气象预警、交通路况和防灾信息，避免在恶劣天气条件下 出行，特别要避免走近海边。恶劣天气可能对飞机、铁路等公共交通运行造成严重影响，导 致航班延误、取消或列车停运。出行前请密切关注出发地与目的地的实时天气及预警信息， 了解所乘交通工具的最新运行状况，提前安排备用方案。 二、注意居家安全。检查并加固门窗、空调外机等易坠物，收好阳台、窗台物品，防止高空 坠物。准备应急物资等。 遇紧急情况，请及时拨打日本紧急求助电话，并联系总领馆求助。 来源：中国驻新潟总领馆 原标题：《中国驻新潟总领馆发布恶劣天气紧急安全提醒》 12月14日，中国驻新潟总领馆发布恶劣天气紧急安全提醒： les & FR 点击下载中国基金报客户端 ■ 中国基金报内容矩阵 ■ 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 CHINAF ...

Weekend Major Events - AI trading concerns were triggered by Broadcom's disappointing sales guidance, leading to an 11% drop in its stock and a 5% decline in the Philadelphia Semiconductor Index, marking the largest drop in months. This anxiety was initially sparked by Oracle, which saw its stock decline due to rising capital expenditures and delays in data center projects [2] - The Central Financial Office's Han Wenshu announced that China's economic indicators for 2025 are expected to exceed expectations, with a projected GDP of around 140 trillion yuan. Incremental policies will be implemented in 2026 based on changing circumstances [4] - The government is encouraging local business departments to utilize existing funding channels to promote consumption, emphasizing collaboration with financial support to stimulate consumer potential [5] - The People's Bank of China reiterated its commitment to a moderately loose monetary policy to maintain financial market stability, focusing on promoting economic growth and reasonable price recovery [6] - SpaceX's valuation has reached $800 billion, with plans for an IPO in 2026, indicating serious preparations for public listing [7] - The National Medical Insurance Administration aims to achieve "no out-of-pocket" expenses for childbirth within policy scope by 2026, contingent on the fund's capacity [8] - Moutai plans to halt the issuance of off-plan quotas this year and reduce non-standard products next year, focusing on core products [9] - More threads regarding idle fundraising cash management by Moer Technology clarified that it will not affect project implementation [10] - Vanke's three extension proposals were not approved, but there is a five-day grace period for negotiations [11] - The Financial Regulatory Bureau supports stabilizing the real estate market and aims to create a new development model for real estate [12] Major Securities Firms' Latest Insights - CITIC Securities suggests a focus on both domestic and foreign demand, indicating that while external demand may face challenges, internal demand shows increasing potential for recovery [14] - Shenwan Hongyuan notes that the macro environment has reverted, but upward space for A-shares remains limited due to concerns over tech capital expenditures [15] - Guojin Securities emphasizes that fluctuations in financial market expectations will not halt the real economy's progress, and investors should focus on fundamental changes [17] - CITIC Jiantou believes that the market has completed its adjustment phase and anticipates a new wave of market activity driven by structural trends and capital market reforms [18] - Xinda Securities discusses the sustainability of the growth sector's rebound, suggesting that the current environment may limit the rebound potential of tech stocks [19] - Dongfang Caifu advises caution regarding external disturbances and suggests patience in market positioning, especially with upcoming economic data releases [20] - Huazhong Securities highlights the importance of turnover rates in assessing the growth sector's market opportunities [21][22] - Huaxi Securities recommends low-cost positioning for the upcoming cross-year market, supported by recent key meetings and improved market sentiment [23] - Dongwu Securities notes that the market is currently stabilizing after previous adjustments, with a focus on policy and data in the upcoming spring market [24] - Everbright Securities anticipates a favorable cross-year market supported by new policy deployments, with a focus on TMT and advanced manufacturing sectors [25]

Core Viewpoint - The private equity dividend has seen a dramatic increase of over 236.59% year-on-year, driven by structural opportunities in the capital market and the professional development of the private equity industry [2][3]. Summary by Sections Dividend Growth - As of November 30, 2025, private equity products with performance displays have collectively distributed dividends amounting to 17.338 billion yuan, a significant increase from 5.151 billion yuan in the same period last year [4]. - The stock strategy products have been the primary contributors, with 984 distributions totaling 13.219 billion yuan, accounting for 76.24% of the total dividends [4]. Management Scale and Performance - Among 29 private equity managers with dividends exceeding 100 million yuan, nearly half have management scales above 5 billion yuan, indicating a concentration of dividend distributions among larger firms [4]. - The performance of private equity funds is influenced by their management strategies, with subjective and quantitative funds showing distinct differences in dividend distribution [8]. Dividend Distribution Methods - Private equity funds typically employ three main forms of dividends: cash dividends, reinvestment dividends, and combination dividends, with cash dividends being the most common [4]. - The choice of dividend distribution is influenced by various factors, including performance, scale management, and investor experience [9]. Market Dynamics and Investor Experience - The surge in dividends is attributed to the overall improvement in market conditions and the performance of quantitative strategies, which have led to higher return realizations [6]. - The differentiation in dividend distribution between subjective and quantitative private equity reflects their investment philosophies, with subjective funds focusing on investor trust and experience, while quantitative funds prioritize strategy optimization and capacity management [9][10]. Industry Competition and Ecosystem Restructuring - The ongoing "dividend wave" is reshaping the competitive landscape of the private equity industry, pushing for higher standards in investor communication and product governance [10]. - The trend of frequent dividend distributions among leading firms is enhancing client loyalty and is becoming a key metric for evaluating the comprehensive operational capabilities of private equity managers [10].

【导读】 泽连斯基：美欧不支持乌加入北约，乌已妥协 泽连斯基明确表态，接受该双边安全保障而非直接"入约"，是乌方作出的妥协，其核心目的 是建立有效机制，阻止俄罗斯未来再次"发动冲突"。 泽连斯基：俄乌"和平计划"可以包含妥协，但必须公正 泽连斯基表示，旨在解决俄乌冲突的"和平计划"不会令所有人满意，其中必然包含各种妥 协。 泽连斯基指出："该计划不会是一个让所有人都喜欢的计划。当然，在计划的各种版本中，都 会有很多妥协。乌克兰已经将关于该计划的最新意见和修改方案提交给美国。"他特别强调， 任何妥协都必须建立在公平的基础之上。 中国基金报记者 李智 一起来看下俄乌局势最新情况。 泽连斯基：美欧不支持乌加入北约，乌已妥协 当地时间12月14日，乌克兰总统泽连斯基在接受采访时透露， 在 围绕美方"和平计划"的谈 判中，美国及部分欧洲国家不支持将乌克兰加入北约作为其安全保障核心内容。 泽连斯基强调，加入北约是乌方核心诉求，也是切实有效的安全保障，却未获美欧相关支 持。目前各方正为乌构建替代性双边安全保障体系。 德国总理默茨 12月 11日表示，他与欧洲多国领导人共同向特朗普发出一份有关俄乌"和平计 划"的提议，并邀请 ...

【导读】 可投基金的"固收+"产品崛起，行业呼吁放宽投资比例 中国基金报记者 方丽 陆慧婧 伴随着"固收+"市场大发展，可以10%比例投资基金的非FOF产品也快速发展。截至今年三季度末，非FOF产品投资公募基金的市值已超过 34亿元，同比增长381.81%。部分产品的投资比例甚至超过股票，在"固收+"产品权益增强上发挥了不小的作用。 业内人士认为，在支持含权产品大发展的背景下，可适当放宽非FOF产品投资公募基金的比例上限，更好地满足投资者的配置需求，进一步 推动"固收+"市场发展。 可投基金的非FOF产品 悄然增长 2021年10月11日，中欧基金旗下中欧招益稳健一年持有期混合获批。这只产品开创了一个新的基金品类——可投资基金的非FOF产品。根 据规定，这类产品可以不高于10%的比例投资公募基金。过去几年，伴随着"固收+"市场大发展，这类创新产品无论是数量还是持仓规模均 获得显著增长。 Wind数据显示，截至今年三季度末，共有48只非FOF产品投资公募基金，合计持有公募基金市值达到34.18亿元；相比于去年同期，数量 增长了29.73%、规模增长了381.81%。 部分产品的基金经理更是用基金增强取代传统的股 ...

中国基金报记者 曹雯璟 临近年底，新基金发行掀起小高潮，有超120只基金正在或即将发行。权益类基金成为发行"主力军"，占比超过六成；指数基金成为很多基 金公司重点布局方向；"固收+"基金、FOF也占较大比例。与此同时，基金公司继续上报新品，12月以来有120只新基金上报。 多位业内人士表示，基金公司在年底前密集推出新基金，意在把握当前市场机会，同时布局2026年投资窗口。在政策引导下，基金发行的 重心也将从规模扩张转向注重持有体验与长期业绩。 超120只基金 正在或即将发行 Wind数据显示，截至12月12日，目前正在发行的基金达90只，此外，还有31只基金等待发行。 权益类基金成为发行"主力军"，占比超六成。其中，指数型基金占"大头"，既有上证50指数、中证800指数、创业板指数等宽基ETF，也 有卫星产业、航空、芯片等高景气细分赛道产品。不少主动权益类基金由知名基金经理管理，比如路博迈港股通科技拟由魏晓雪管理、平 安产业竞争力混合基金拟由林清源管理、广发质量优选股票基金将由杨冬管理。此外，今年颇受市场青睐的"固收+"基金和FOF也在新基金 占较大比例，"多资产""稳健""多元"等成为产品宣传卖点。 汇成基 ...

2025年11月14日晚，患儿许某某在宁波大学附属妇女儿童医院（以下简称妇儿医院）接受心脏手 术后不幸离世。我们对此深感痛惜，向其家属表示深切慰问。 来源："健康宁波"微信公号 近日，浙江宁波"一患儿手术后离世"引发关注，12月14日晚， 宁波市卫生健康委员会 发布情况通 报： 事发后，我委成立调查组，通过调取资料、实地核查、谈话询问等方式开展全面调查，对发现的病 历违规问题立案调查，对医疗责任问题启动医疗事故技术鉴定程序，委托患儿家属指定的湖北崇新 司法鉴定中心进行尸检。11月27日，属地公安机关已受理患儿家属的报案。12月12日，法院已经 受理患儿家属提出的诉讼。 调查组认为，医疗团队对手术风险评估不足、手术操作存在过失、术中出现突发情况未及时告知、 术后监护处置有缺陷，具体医疗过错及其责任程度需在医疗事故技术鉴定等完成后予以明确；医院 存在医疗质量安全制度落实不到位、风险防范能力不足、应急处置不力、人文关怀缺乏等问题。 根据调查中发现的问题，我委责成妇儿医院作出深刻检查，给予妇儿医院党委书记警告处分、院长 记大过处分，给予分管副院长免职处理。妇儿医院免去主刀医师外二科（心胸）主任职务、暂停其 诊疗活动； ...

【导读】A股多个重要指数迎重大调整 中国基金报记者 莫琳 12月15日（周一），深证成指、创业板指等指数的样本定期调整将正式实施。 根据深圳证券交易所及深圳证券信息有限公司公告，深证成指更换17只样本股，创业板指更 换8只样本股，深证100更换7只样本股，创业板50更换5只样本股。 "新质生产力"成主线 市场人士认为，追踪这些指数的庞大被动资金（包括各类ETF），将会按照新的成 份 股进行 配置。这意味着，所有调入名单上的公司，将在短期内迎来实实在在的增量买盘，而调出公 司则面临被动卖压。 深交所在公告中提到，本次调整后，创业板指战略性新兴产业权重占比 为 93%，新一期样本 公司前三季度研发费用同比增速为13%，研发费用占营业收入 的 比重为5%，其中30家公司 研发强度超10%。深证100新质蓝筹属性更加突出，战略性新兴产业权重提升至81%，先进 制造、数字经济、绿色低碳等重点领域权重提升至79%。创业板50战略性新兴产业权重达 98%，其中以人工智能、芯片、光模块等为代表的新一代信息技术产业占比达45%。 其中，深证成指将调入德明利、沃尔核材、拓维信息、四方精创等，调出国药一致、中国天 楹、海德股份、洽 ...