【导读】大消费板块强势走高，多股涨停 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10日早盘，A股三大指数震荡调整，创业板指一度跌超2%。 | 上证指数 | 深证成指 | | 北证50 | | --- | --- | --- | --- | | 3886.82 | 13170.60 | | 1379.06 | | -22.70 -0.58% -106.76 -0.80% -22.68 -1.62% | | | | | 科创50 | 创业板指 | | 万得全A | | 1321.72 | 3159.02 | | 6244.34 | | -25.38 -1.88% -50.58 -1.58% -36.37 -0.58% | | | | | 沪深300 | 中证500 | | 中证A500 | | 4558.35 | 7087.76 | | 5486.87 | | -39.88 -0.87% -33.57 -0.47% -43.16 -43.16 -0.78% | | | | | 中证1000 | 深证100 | | 中证红利 | | 7349.79 | 5791.05 | | 5486.32 | ...

Core Viewpoint - The article emphasizes the transformation of investor education in the financial industry, moving from simple knowledge dissemination to deeper "value empowerment" through innovative communication activities [2]. Group 1: Investment Education Initiatives - The China Fund News, in collaboration with over 150 major asset management institutions, launched a campaign for high-quality investment education, inviting submissions of educational works across various formats [2]. - The campaign includes short videos, long videos, in-depth articles, creative posters, and public welfare practices, showcasing the industry's exploration and achievements in investment education [2]. Group 2: Short Video Education - Short videos have become a vital channel for investors to acquire knowledge in a fragmented information era, transforming complex investment concepts into engaging visual content [4]. - Examples include warm narrative videos that convey long-term investment principles and humorous interpretations that make serious topics more accessible [7]. - Cultural integration is highlighted through videos that combine regional cultural characteristics with investment education, making the content more relatable [7]. Group 3: Long Video Education - Long videos address the demand for in-depth content, providing comprehensive analyses of industries and investment trends [9]. - Topics include competitive landscapes in solid-state batteries and the evolution of intelligent robots, offering forward-looking perspectives for investors [11]. - The content aims to guide investors from chasing short-term trends to understanding underlying investment logic [11]. Group 4: Deep Articles - Deep articles focus on building cognitive frameworks for investors, emphasizing the importance of deep thinking in an information-overloaded market [13]. - Topics cover quantitative investment strategies, practical asset allocation techniques, and insights into market dynamics, helping investors navigate complex environments [17]. - The articles also explore investment psychology and innovative educational models, aiming to instill a long-term investment perspective [17]. Group 5: Creative Posters - Creative posters serve as an important medium for investment education, utilizing visual communication to simplify complex concepts [18]. - Examples include visual comparisons of different net asset values and cultural integrations that merge traditional wisdom with modern investment philosophy [21]. - The posters also focus on risk warnings and the transmission of core investment principles, enhancing investor awareness [21]. Group 6: Public Welfare Practices - Financial institutions are expanding the boundaries of investment education through public welfare initiatives, contributing to the high-quality development of the financial industry [22]. - Activities include sustainable public welfare projects and educational programs targeting youth and rural communities, aiming to enhance financial literacy [24]. - These initiatives reflect a commitment to protecting investor rights and promoting financial knowledge across various demographics [24].

来源：国家统计局 国家统计局数据显示， 2025年11月份，全国居民消费价格同比上涨0.7%。 其中，城市上涨 0.7%，农村上涨0.4%；食品价格上涨0.2%，非食品价格上涨0.8%；消费品价格上涨 0.6%，服务价格上涨0.7%。1—11月平均，全国居民消费价格与上年同期持平。 11月份，受国内部分行业供需结构优化、国际大宗商品价格传导等因素影响， 工业生产者出 厂价格指数（PPI）环比上涨0.1%，同比下降2.2%。 国家统计局城市司首席统计师董莉娟解读2025年11月份CPI和PPI数据。 2025年11月份居民消费价格同比上涨0.7% 2025年11月份，全国居民消费价格同比上涨0.7%。其中，城市上涨0.7%，农村上涨0.4%； 食品价格上涨0.2%，非食品价格上涨0.8%；消费品价格上涨0.6%，服务价格上涨0.7%。1‐ —11月平均，全国居民消费价格与上年同期持平。 11月份，全国居民消费价格环比下降0.1%。其中，城市下降0.1%，农村持平；食品价格上 涨0.5%，非食品价格下降0.2%；消费品价格上涨0.1%，服务价格下降0.4%。 一、各类商品及服务价格同比变动情况 11月份，食品烟酒 ...

Core Viewpoint - The actual controller of Rhein Biotech, Qin Benjun, is planning a change in the company's control, leading to a stock suspension and a proposed acquisition of at least 80% of Beijing Jinkangpu Food Technology Co., Ltd. [2][4][9] Group 1: Control Change - Rhein Biotech announced that Qin Benjun is preparing to transfer part of his shares and relinquish some voting rights [4][7] - A "Control Change Intent Agreement" has been signed, but specific transaction details are still under negotiation [7][8] - The change may result in a new controlling shareholder and actual controller for the company [7] Group 2: Acquisition Details - The company plans to acquire at least 80% of Beijing Jinkangpu, which will become a subsidiary and included in the consolidated financial statements [7][14] - The acquisition aims to leverage synergies between Rhein Biotech and Beijing Jinkangpu, enhancing R&D capabilities and market coverage [14] - Beijing Jinkangpu's parent company has extensive experience in the infant food and health supplement sectors, collaborating with well-known dairy companies [11][14] Group 3: Shareholding Structure - As of the end of Q3, Qin Benjun holds 271.39 million shares, representing 36.59% of Rhein Biotech [15][16] - The total market value of Qin's shares is approximately 2.15 billion [16] - The company’s stock price was reported at 8.7 yuan per share, with a total market capitalization of 6.45 billion as of December 9 [18]

Group 1 - The South Korean stock market opened higher, with the KOSPI index rising by 0.48% to 4163.50 points on December 10 [4] - SK Hynix saw a significant increase in its stock price, rising over 4% at one point, with a current market capitalization of 427.34 trillion KRW [5][6] - The company is considering issuing American Depositary Receipts (ADRs) based on its treasury shares to reassess its valuation [6] Group 2 - In November, South Korea added 225,000 jobs, an increase from 193,000 in October, with a seasonally adjusted unemployment rate of 2.7% [7] - The Bank of Korea's governor warned that the potential growth rate of the South Korean economy could drop to around 0% by 2040 due to low birth rates and rapid aging [7] - Morgan Stanley analysts predict that the Korean won is expected to strengthen next year, supported by improving economic fundamentals [7] Group 3 - The Japanese stock market opened strong, with the TOPIX index increasing by 0.6% to a new historical high of 3405.4 points [9] - The Nikkei 225 index rose by 0.59% to 50956.13 points [9] - Japan's producer prices increased by 0.3% month-on-month and 2.7% year-on-year, aligning with market expectations [11] - The Bank of Japan's governor indicated that the central bank is closer to achieving its inflation target, suggesting a potential interest rate hike in the upcoming policy meeting [11]

【导读】美股三大股指涨跌不一，摩根大通发出成本预警 中国基金报记者 储是 隔夜美股三大股指涨跌不一，投资者预计即便美联储本周降息，仍可能释放偏鹰派信号。大 型科技股涨跌不一，摩根大通警告2026年支出将大幅增加，拖累银行股表现，限制大盘涨 幅。特朗普在最新访谈中表示，支持立即大幅降息将成为其选择新任美联储主席的关键标 准。 道指、标普指数收跌 美东时间12月9日（周二），美股三大指数收盘涨跌不一。截至收盘，道琼斯工业指数下跌 0.38%，报47560.29点；纳斯达克指数上涨0.13%，报23576.49点；标普500指数下跌 0.09%，报6840.51点。 | 美股指数 它 | | | | --- | --- | --- | | 道琼斯 | 纳斯达克 | 标普500 | | 47560.29 | 23576.49 | 6840.51 | | -179.03 -0.38% | +30.59 +0.13% | -6.00 -0.09% | | 中国金龙指数 | 纳指100期货 | 标普500期货 | | 7730.60 | 25676.25 | 6846.25 | | -107.15 -1.37% | +12 ...

Core Viewpoint - Srypu has decided to terminate the major asset restructuring plan to acquire shares of Ningbo Aura Semiconductor Co., Ltd. and will resume trading on December 10 [2][5]. Group 1: Termination of Restructuring - The termination is based on the assessment that the conditions for implementing the major asset restructuring are not fully mature [9]. - The agreement for the acquisition involved nine major shareholders of Aura, who collectively hold 86.12% of the company's shares [9][10]. - The transaction was still in the planning stage, and no formal agreements had been signed, meaning no breach of contract responsibilities will arise from the termination [10]. Group 2: Impact on Business - The termination of the restructuring will not adversely affect Srypu's business operations or financial status [12]. - The company remains open to exploring various business cooperation opportunities with Aura in the future under suitable conditions [12]. Group 3: Company Background - Aura specializes in the research and development of high-performance integrated circuit products, including clock analog chips and power management analog chips [13]. - Srypu, listed on the Sci-Tech Innovation Board since September 21, 2020, focuses on the design and sale of analog and mixed-signal products, serving various sectors such as industrial, new energy, automotive, communication, consumer electronics, and healthcare [13].

当记者再次追问时，特朗普突然发飙："你真是这儿最讨人嫌的记者。" 美军9月2日在加勒比海对一艘"运毒船"发射导弹打击后，继续对船上两名生还者实施第二次攻击。这艘 船最终沉没，造成11人死亡。美国媒体此前报道，该打击是国防部长赫格塞思亲口下令，并放出"不留 一个活口"的狠话，引发舆论哗然。国会两党一些议员质疑这种做法在法律层面存在严重问题，要求调 查，并要求政府公开未经删节的视频。 美国媒体日前公布的一段视频显示，特朗普在被问及会否公布二次打击"运毒船"的视频时说，如果有视 频，"我们当然会公开，没问题"。 据新华社报道，美国总统特朗普8日被一名记者追问何时公布打击一艘"运毒船"的完整视频时，当即发 飙，怒斥这名记者"讨厌""糟糕透顶"。 美国广播公司女记者当天提问时提及特朗普此前称公布视频"不成问题"，并追问特朗普是否会下令公 布。特朗普没有正面回答，同时否认自己说过这句话，直指这是"假新闻"。 来源： 新华社 ...

Core Viewpoint - The U.S. government has revoked a total of 85,000 various types of visas since January, with over 8,000 being student visas, which is double the number from the previous year, citing security concerns as the reason for these actions [2]. Group 1 - The U.S. State Department announced the revocation of 85,000 visas since January [2] - More than 8,000 of the revoked visas were student visas, indicating a significant increase compared to the previous year [2] - The U.S. government has intensified scrutiny on visa applicants, particularly for H-1B visas [2] Group 2 - Recently, the U.S. government announced a suspension of immigration applications from 19 countries [2]

Core Viewpoint - Jiaao Environmental Protection has been penalized for financial misconduct in its annual reports for 2022 and 2023, leading to administrative penalties and a change in stock status to "ST Jiaao" [2][10]. Financial Misconduct - The Zhejiang Securities Regulatory Bureau found that Jiaao Environmental Protection failed to properly account for its environmental plasticizer project, resulting in false financial data in its 2022 and 2023 annual reports [7]. - In 2022, the company understated operating costs by 13.44 million yuan, understated financial expenses by 5.77 million yuan, and overstated total profit by 19.21 million yuan, which constituted 28.91% of the reported total profit [7]. - For 2023, the company understated operating costs by 13.56 million yuan and overstated total profit by 13.56 million yuan, which was 63.72% of the reported total profit, and net profit was overstated by 10.44 million yuan, representing 200.38% of the reported net profit [7]. Administrative Penalties - The company and its responsible individuals face warnings and fines: Jiaao Environmental Protection will be fined 5.5 million yuan, the former chairman will be fined 2.5 million yuan, and the former CFO will be fined 2 million yuan [8]. - The stock will be suspended for one day starting December 10 and will be subject to risk warnings from December 11, with a trading limit reduced from 10% to 5% [9][10]. Historical Context - This is not the first instance of financial misconduct for Jiaao Environmental Protection; the company was previously penalized for similar issues in 2020, where it overstated revenue by 179 million yuan in its 2019 annual report [13]. - The company has faced continuous financial struggles, recording declining revenues and net losses for three consecutive years, with revenues of 3.211 billion yuan, 2.666 billion yuan, and 1.274 billion yuan from 2022 to 2024 [14]. Recent Performance - In the first three quarters of 2025, the company reported a revenue increase of 189.39% to 3.005 billion yuan, although it still recorded a net loss of 25.37 million yuan [16]. - The company's debt levels have risen significantly, with the debt-to-asset ratio increasing from 63.70% in 2022 to 81.06% in the third quarter of 2025 [16].