Core Viewpoint - Cloud Deep Technology has completed over 500 million RMB in Series C financing, with the founder indicating rapid growth in performance by 2025 [2][4]. Financing and Growth - Cloud Deep Technology, one of the "Hangzhou Six Little Dragons," has accelerated its financing speed since 2024, completing multiple rounds of financing [4][6]. - The company has completed financing rounds on August 10, 2024, July 8, 2025, and December 9, 2025, with the last two rounds occurring within five months [4][6]. - The recent Series C financing will support technology research and development, capacity expansion, and market development [6][8]. Strategic Focus - The CEO stated that the latest financing will be used to attract talent and increase R&D investment, particularly in quadruped and humanoid robots [6][10]. - Cloud Deep Technology aims to create a new ecosystem of "technology-industry-scenario" collaborative development through deep partnerships with industry-related investors [6][10]. Product Development - The company focuses on embodied intelligence technology innovation and industry applications, specializing in the R&D, production, sales, and service of quadruped robots, humanoid robots, and core components [7][10]. - In 2025, Cloud Deep Technology launched the quadruped robot "M20" and the industry-grade humanoid robot "DR02," establishing a pilot base for embodied intelligence [10][13]. - The DR02 humanoid robot, launched in October 2025, features an IP66 protection level and can operate in extreme temperatures from -20°C to 55°C, overcoming previous limitations of humanoid robots [10][13]. Corporate Structure and Future Plans - In 2025, Cloud Deep Technology completed a corporate restructuring, changing its market entity type from "other limited liability company" to "other non-listed joint-stock company" [8][10]. - The restructuring is seen as a preparatory step for potential future IPO plans, although the company emphasizes it is primarily for development needs [10].

【导读】 中国中冶重挫超 21% 中国基金报记者 伊万 12 月 9 日，市场情绪表现低迷，港股三大指数齐收跌。截至收盘，恒生指数跌 1.29% ，报 25434.23 点；恒生国企指数跌 1.62% ，报 8936.41 点； 恒生科技指数跌 1.90% ，报 5554.68 点。 盘面上，大型科网股普跌，百度集团 -SW 、小米集团 -W 跌超 3% ，快手 -W 、美团 -W 跌超 2% ，网易 -S 、阿里巴巴 -W 、京东 集团 -SW 跌超 1% ；重型基建股大跌，中国中冶重挫超 21% ，中铝国际跌超 4% ；半导体股下挫，华虹半导体跌超 5% ，中芯国际跌 超 4% ；此前大热的泡泡玛特跌超 5% ，老铺黄金跌近 3% 。 此外，保险股、石油股、航空股、军工股、中资券商股等纷纷走低。 | 泡泡玛特 | 190.300 | -5.04% | | --- | --- | --- | | 9992.HK | | | | 阿里巴巴-W | 150.900 | -1.63% | | 9988.HK | | | | 腾讯控股 | 602.500 | -0.41% | | 0700.HK | | | | 小 ...

Core Insights - The Hong Kong Mandatory Provident Fund (MPF) has reached a total asset value of HKD 1.5 trillion, marking a significant milestone in its 25-year history, with a net investment return of approximately 15% since the beginning of 2025 [2][4] Group 1: Retirement Coverage and Investment Performance - Prior to the implementation of the MPF, only about one-third of the working population in Hong Kong had retirement protection, but now the coverage rate is nearly 100% [4] - As of October 2023, all types of funds under the MPF have recorded positive annualized investment performance, with stock funds and mixed asset funds achieving average cumulative net returns of 240.5% and 201.3%, respectively, translating to annualized net returns of 5% and 4.5%, outperforming the 1.8% annualized inflation rate [4][5] Group 2: Contribution Trends - There has been a notable increase in voluntary contributions, with 25% of total contributions in the first three quarters of this year being voluntary, nearly double the proportion from ten years ago, indicating growing trust in the MPF for retirement savings [6][4] Group 3: Default Investment Strategy - The Default Investment Strategy (DIS), introduced in 2017, has shown an average annualized net return of 6.9%, significantly outperforming the inflation rate, demonstrating its effectiveness [8][9] - The introduction of the "MPF Easy" platform has streamlined administrative processes and reduced fees, benefiting over 10 million member accounts, which represents more than 90% of the total accounts [9][10]

彭博社记者提问，有消息称，关于日本自卫队的战斗机"雷达照射"问题，中方没有接听日方 的"热线电话"。中方对此有何回应？ ■ 中国基金报内容矩阵 ■ 郭嘉昆强调，中国海军发言人12月7日已经明确表示事先公布了训练的海空域。具体的情况建 议向中方主管部门进一步询问。 郭嘉昆 资料图。图源：外交部网站 les & FR 点击下载中国基金报客户端 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 来源：长安街知事、外交部网站 12月9日，外交部发言人郭嘉昆主持例行记者会。 ...

Group 1: Market Overview - The A-share market experienced fluctuations, with the Shanghai Composite Index down by 0.37% and the Shenzhen Component Index down by 0.39%, while the ChiNext Index rose by 0.61% [3] - The Korean National Pension Service (NPS) has been selling US dollars to support the weakening Korean won, holding approximately $542 billion in overseas assets as of September 30 [1] Group 2: Sector Performance - The Fujian sector showed strong performance, with multiple stocks such as Anji Food and Longzhou Co. hitting the upper limit [4][5] - The proposal from the Quanzhou Municipal Committee emphasizes the construction of new infrastructure and digital transformation, which is expected to boost local economic development [4] - The commercial aerospace concept stocks remained active, with companies like Shaanxi Huada and Aerospace Changfeng reaching their daily limit [6][7] Group 3: Solar Industry Insights - The multi-crystalline silicon market saw significant price increases, indicating a potential recovery in the sector [10][21] - A new platform for multi-crystalline silicon capacity integration has been established, with a registered capital of 3 billion RMB, aimed at exploring strategic cooperation opportunities within the industry [21] - Analysts suggest that if capacity is cleared and price transmission is smooth, integrated companies may see a bottom reversal in profitability, with a focus on companies like Longi, Trina, and JA Solar [21]

【导读】12月8日股票ETF资金净流出超38亿元 中国基金报记者 张玲 12月8日，A股三大指数集体收涨。 股票ETF市场上，资金选择"落袋为安"，当日净流出超38亿元。 港股市场ETF资金净流入居前 12月8日收盘，沪指上涨0.54%，深证成指上涨1.39%，创业板指上涨2.6%。行业表现上，通信板块领涨，CPO等算力硬件方向涨幅居 前。煤炭、石油石化等资源板块回调。 Wind数据显示，截至 12月8日 ，全市场 1271只 股票ETF（含跨境ETF，下同）总规模为 4.64 万亿元。从股票ETF市场资金流向来看， 12月8日 基金份额 减少34.27 亿份，根据均价测算，净流 出 资金为 38.63 亿元。 行业主题ETF资金净流出居前 资金净流出方面，从大类型来看，行业主题ETF资金净流出居前，达81.38亿元。 从大类型来看，港股市场ETF与宽基ETF 资金 净流入居前，分别达21.28亿元 、 9.34亿元 。 指数维度 上 ，12月8日AAA科创债 指数产 品资金 净流入居前，达16.18亿元 。 从5 个交易 日角度观测，中证A500指数 产品资金净流入 超73亿元，沪深300 指数产品资金净流 ...

Market Overview - The A-share market showed mixed performance on December 9, with the Shanghai Composite Index down 0.13% at 3918.83 points, while the Shenzhen Component rose 0.09% and the ChiNext Index increased by 1.07% [2] - The total trading volume in the Shanghai and Shenzhen markets was 1.26 trillion yuan, a decrease of 34.7 billion yuan compared to the previous trading day, with 1738 stocks rising and 3555 stocks falling [4] Sector Performance - The optical module (CPO) sector continued to rise, along with innovative pharmaceuticals, consumer electronics, and retail stocks, while precious metals and real estate sectors lagged [5] - The CPO concept achieved a four-day consecutive rise, with stocks like Zhongji Xuchuang and Tianfu Communication reaching new highs [10] - The innovative pharmaceutical sector was active, with Hai Chuang Pharmaceutical rising over 13% and Zhao Yan New Drug increasing over 8% [18] - The consumer electronics sector saw significant activity, with stocks like Dahua Intelligent and Furuon Technology hitting the daily limit [22] - The commercial retail sector experienced a strong surge, with multiple stocks such as Central Plaza and Yonghui Supermarket reaching the daily limit [27] Notable Stocks - Zhongji Xuchuang rose by 6.94% to 609.58 yuan per share, with a market capitalization of 677.3 billion yuan [11] - Hai Chuang Pharmaceutical reached 53.75 yuan per share, up 13.13%, with a market capitalization of 5.3 billion yuan [19] - Dahua Intelligent recorded a 9.96% increase to 7.84 yuan per share, with a market capitalization of 8.7 billion yuan [24] - Central Plaza saw a 10.03% rise to 4.06 yuan per share, with a market capitalization of 4.6 billion yuan [28] News Impact - The National Medical Insurance Drug List for 2025 was released, adding 114 new drugs, with a success rate of 88%, significantly higher than the previous year's 76% [20] - Google's recent launch of the AndroidXR-themed smart glasses in collaboration with XREAL is expected to impact the consumer electronics market [25] - The U.S. government announced that NVIDIA would be allowed to sell its H200 AI chips to China, which may influence the semiconductor sector [34]

【导读】 澳洲央行如期维持利率不变 市场预期宽松周期或已结束 中国基金报记者 泰勒 大家好，超级央行周，澳洲央行"第一枪"来了，刚刚宣布不降息。 这也使得2026年的前景颇具挑战性。利率期货市场目前已经消化了最早在明年5月加息一次、概率约"五五开 " 的预期，而大多数经济学家 则认为本轮宽松周期已经结束，此前他们普遍预计利率至少还会再降一次至3.35%。 高盛、瑞银以及Barrenjoey的分析师已转向与市场相似的判断，认为澳洲央行下一步更有可能是加息而非继续降息。 12月9日， 澳大利亚 央行连续第三次按兵不动， 未能给房贷持有人提前送上 " 圣诞礼物"，在今年最后一次会议上维持利率不变， 继续 强调"看数据决策"。 澳大利亚央行在本次会议上如市场普遍预期的那样，连续第三次按兵不动，将关键政策利率维持在3.6%。央行同时重申，未来政策走向将 继续取决于后续公布的经济数据。 央行称，当前物价压力再度抬头，劳动力市场依然偏紧。声明称，九名董事一致赞成这一决定。 利率决策委员会在声明中表示："最新数据表明，通胀风险已偏向上行，但仍需要更长时间来评估通胀压力的持续性。董事会将在决策中密 切关注数据表现以及对前景和风 ...

来源：人民日报客户端 原中国华融国际控股有限公司总经理白天辉被执行死刑 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 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 202 4 年 5 月 28 日， 天津市第二 中级人民法院以 受贿 罪判处 被告人白天辉 死刑，剥夺 政治权利终身，并处没收个人全部财产。 白天辉 上诉后， 天津市 高级人民法院 经开庭审 理，于 2025年2月24日 裁定驳回上诉，维持 原判 ，并 依法 报请最高人民法院核准。 最高人民法院经复核确认： 2014年至2018年，被告人白天辉利用担任华融（香港）国际控 股有限公司业务拓展三部负责人、总经理、投资银行部董事总经理，中国 华融国际 控股有限 公司资 ...

Core Viewpoint - The Hong Kong Stock Exchange (HKEX) has launched the HKEX Technology 100 Index, marking a significant milestone in its index and data business development, aimed at enhancing the capital market ecosystem in the region [2][5]. Group 1: Index Characteristics - The HKEX Technology 100 Index is a broad-based stock index tracking the performance of the 100 largest technology companies listed on the Hong Kong Stock Exchange [6]. - The index covers a wide range of technology sectors, including artificial intelligence, biotechnology and pharmaceuticals, electric vehicles and smart driving, information technology, the internet, and robotics, providing diverse investment options [6]. - The index includes companies that meet the Hong Kong Stock Connect trading eligibility, ensuring its investability [6][7]. Group 2: Inclusion Mechanism - The index has a rapid inclusion mechanism allowing newly listed companies that meet specific criteria to be added outside the regular review cycle, ensuring it reflects market dynamics promptly [6][7]. Group 3: Collaboration with E Fund - HKEX has authorized E Fund Management to develop an exchange-traded fund (ETF) tracking the HKEX Technology 100 Index in mainland China, responding to strong demand from domestic investors for technology investment opportunities in the Hong Kong market [8][9]. - The collaboration aims to enhance the development of Hong Kong-related products in the mainland market and provide innovative investment tools to meet evolving investor needs [9].