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]

【导读】惠伦晶体自 12 月 11 日开市起被实施其他风险警示 中国基金报记者 闻言 12 月 9 日晚间，惠伦晶体发布公告称，公司自 12 月 11 日开市起复牌并实施其他风险警 示，股票简称变为 ST 惠伦。 惠 伦 晶 体 自 1 2 月 1 0 日 开 市 起 停 牌 一 天 。 1 2 月 9 日 收 盘 ， 惠 伦 晶 体 股 价 报 1 1.3 3 元 / 股 ， 总 市 值 为 3 1.8 2 亿 元 。 2021 年、 2022 年年报涉嫌虚假记载 惠伦晶体 2021 年虚增利润总额 844.57 万元、 2022 年虚减利润 140.89 万元，分别占当 期披露利润总额的 6.13% 、 0.91% 。 依据《 证券法 》第一百九十七条第二款的规定，广东证监局拟决定对惠伦晶体责令改正，给 予警告，并处以 300 万元罚款；对赵积清等 5 名当事人给予警告，合计处以 840 万元罚 款。 将被实施其他风险警示 根据广东证监局下发的《行政处罚事先告知书》认定情况，以及《深圳证券交易所创业板股 票上市规则》的相关规定，惠伦晶体将被实施其他风险警示，但未触及《深圳证券交易所创 业板股票上市规则》规 ...

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].

【 导读 】 建设银行官宣，注册资本获批增至 2616 亿元 中国基金报记者 嘉合 12 月 9 日，建设银行发布公告称，该行于 2025 年 6 月完成向特定对象发行约 115.89 亿 股 A 股股票，注册资本由人民币 2500.11 亿元增加至人民币 2616 亿元。 建设银行表示，该行于近日收到国家金融监督管理总局行政批复，同意该行注册资本增加 115.89 亿元人民币，由 2500.11 亿元增加至人民币 2616 亿元。 这也标志着，建设银行此前定向增发的 115.89 亿股 A 股股票正式完成资本登记程序，同时 也是四大国有银行中率先完成资本登记的商业银行。 据悉，今年政府工作报告明确提出，拟发行特别国债 5000 亿元，支持国有大型银行补充资 本。同时，在 3 月 30 日，中国银行、建设银行、交通银行、邮储银行相继发布公告称，董 事会已通过了向特定对象发行 A 股股票的议案，四家银行合计募集资金不超过 5200 亿元。 具体来看，中国银行拟募集资金规模不超过 1650 亿元，建设银行拟募集资金规模不超过 1050 亿元，两者发行对象均为财政部；交通银行拟募集资金规模不超过 1200 亿元，发 ...