来源：新华社 12月8日，在国家税务总局举行的例行新闻发布会上，国家税务总局征管和科技发展司司长练 奇峰表示，今年6月，国务院公布了《互联网平台企业涉税信息报送规定》。目前已有超过 7000家境内外平台企业积极履行了涉税信息报送义务。 练奇峰表示，规定实施后，平台内从事配送、运输、家政等便民劳务活动的人员，无需报送其 收入信息。 平台不得在代扣代缴税款过程中变相多扣费用，或借此转嫁涉税义务增加其负 担。税务部门后续还将进一步严加督促。 12月8日19:00 《基民来了》直播间 连线养老投资专业人士 解码个人养老金节税的奥秘 点击预约直播 国家税务总局：严禁平台企业向各类"小哥"等人员转嫁涉税义务增加其负担 ...

Core Viewpoint - This week, a total of 38 new funds were launched for public subscription, with index funds being the main focus of the market [2][6]. Fund Issuance Overview - Among the 38 new funds, 29 were launched on Monday, accounting for 76.32% of the total new funds for the week. The remaining funds were issued on Tuesday (4), Wednesday (3), Thursday (2), and no new funds were launched on Friday [4]. - The average subscription period for the new funds this week was 18.37 days, significantly shorter than the 35 days at the end of the third quarter. The longest subscription period was 89 days for two specific funds, while the shortest was just 1 day for a fund [5]. Fund Target and Types - Out of the 38 new funds, 22 disclosed their fundraising targets. The highest target was set at 8 billion units for several funds, including those from E Fund and Huaxia Fund. The lowest target was 1 billion units for two funds [5]. - Index funds played a significant role, with 12 new index funds launched, making up 33.33% of the total new funds. This included 7 passive index funds and 5 enhanced index funds [7][8]. Market Trends - The overall market for new fund issuance has shown significant improvement, with a notable increase in equity fund subscriptions. The issuance difficulty has decreased, indicating a more favorable environment for fund launches [9]. - Recent regulatory changes by the China Securities Regulatory Commission (CSRC) have optimized the ETF registration and listing process, further stimulating market activity [9].

深入技术创新促产业链提质 "希音（SHEIN）打造的'SHEIN链'串联起品牌与供应商，在链主企业的带动下，产业链从开发、生产、仓储、物流等产业链各环节实现数 字化升级。"日前，新华社在有关四中全会精神解读的市场最前沿观察中，关注纺织行业的数智化转型，其中，作为时尚和生活方式零售商 的"链主"企业，SHEIN对全产业链上下游供应商的"链式改造"赋能成为行业数智化转型的标杆。 柔性按需创新驱动"SHEIN链"数智转型 纺织服装产业因上下游环节多、涉及面广、时间跨度长且中小企业占比高，属于典型的非标行业，其转型升级之路曾一度面临诸多现实挑 战。SHEIN则通过"小单快反"的柔性供应链模式创新，实现"以销定产"，革新了传统服装生产的底层逻辑。这不仅带动一大批传统工厂破 解了行业高库存顽疾，更成为推动产业数智化转型升级的关键引擎。 此前，这些工厂大多数不具备系统化与智能化的能力，更多依赖人工、Excel、邮件等传统方式安排生产。但近年来，在链主企业SHEIN的 带动下，供应商通过使用SHEIN自研且持续更新迭代的免费数字化工具，让业务整体信息流转、匹配和协同更加高效、透明、精准。 "SHEIN的数字化管理让全流程透明 ...

Market Overview - The A-share market showed a strong upward trend on December 8, with the ChiNext Index rising over 1% at one point [3] - Major indices such as the Shanghai Composite Index and Shenzhen Component Index experienced slight increases, with the Shanghai Composite Index at 3906.70 (+0.10%) and the Shenzhen Component Index at 13196.83 (+0.37%) [4] Sector Performance - The brokerage sector saw a significant surge, with notable stocks like Industrial Securities hitting the daily limit, and others like Northeast Securities and Huatai Securities also performing well [8] - The commercial aerospace sector continued its strong performance, with stocks such as Tianjian Technology and Aerospace Science and Technology reaching their daily limits [11] Brokerage Sector Details - Key stocks in the brokerage sector included: - Zhengzhou Yaqian: 7.92 (+10.00%) - Ruida Futures: 29.38 (+10.00%) - Northeast Securities: 10.04 (+8.78%) - Huatai Securities: 23.08 (+5.87%) [9] - The total trading volume for the brokerage sector was significant, with a total market capitalization for Huatai Securities reaching 202.7 billion, reflecting a year-to-date increase of 33.47% [9] Commercial Aerospace Sector Insights - The commercial aerospace sector is benefiting from government support, with the National Space Administration issuing a plan to promote high-quality development in commercial aerospace from 2025 to 2027 [13] - Stocks such as Tianyin Electromechanical and Aerospace Power saw substantial gains, with Tianyin Electromechanical increasing by 13.89% [12] - The sector is expected to experience systematic development opportunities in rocket launches, satellite manufacturing, and application services due to improved efficiency in launch approvals and resource coordination [13]

12月8日19:00,《基民来了》第19期， 邀请养老投资专业人士和普通投资者, 距眺聊 T 人 乔老基签的远择之追。 个人养老金 蜘蛛新机遇 CD 万家基金 中国基金报 題尾來在 个人养老息盒 e / 曲步図书 乔老金韶副总 神秘嘉宝 究竟该怎么选? 直播时间 ◎12/08晚上19:00 2 + 载导航在 基民投资者真正需要的,从来都不是被教育, 他们需要被看见、被尊重、被服务。中国基金 报想通过首档基民连线栏目《基民来了》，让 业内能够直接听到来自基民们的声音。 2025年四季度末，各大机构都在 推销个人养老金产品,究竟个人养 老金能给我们带来哪些好处?如何 选到适合自己的养老金产品? 养老 目标基金、储蓄存款、商业养老保 险等究竟该如何配置? 个人养老金 节税的奥秘究竟在哪里? 点击下方视频即可预约锁定直播间 直播看点 x 连线机构 神秘嘉宾 养老金部副总监 4)享十级 1、在养老金投资上,遇到的最大困惑是? 年收入20万，每年节税多少? 2、 3、个人养老金Y份额有费率优惠吗? 4、三大养老基金如何选择? 如何选择适合自己的养老产品? 5、 如何在个人养老金中搭建指数组合? 6、 7、选择养老产品的标 ...

Core Viewpoint - The fund advisory share is expected to become a new direction for the public fund industry, with a consensus forming around its importance for fee reform and enhancing investor experience [2][4]. Group 1: Fund Advisory Share Development - The establishment of advisory shares is seen as a crucial step in implementing fee reforms and promoting the "finance for the people" concept, directly reducing investors' overall holding costs [2][5]. - Multiple fund companies are preparing systems to apply for advisory shares, indicating a proactive approach to this new initiative [3][5]. - Advisory shares will be a separate class of fund shares specifically designed for fund advisory services, with a focus on optimizing fee structures to lower costs for investors [5][6]. Group 2: Industry Consensus and Challenges - The successful implementation of advisory shares relies on industry consensus and collaboration among market participants to develop standards and practices [6][10]. - The transition to advisory shares requires a shift towards more transparent fee structures that emphasize service value, drawing lessons from mature markets [10][11]. - The development of advisory shares faces challenges, including balancing short-term interests with long-term transformation goals, necessitating cooperation among fund management, sales institutions, and advisory firms [11][12]. Group 3: Integration with Long-Term Trends - The growth of advisory shares is expected to synergize with the proliferation of ETFs and pension investments, leveraging the low-cost and transparent nature of ETFs to enhance the advisory model [12]. - The combination of advisory shares with long-term pension investments can address the conflict between investors' long-term goals and short-term market fluctuations, promoting a shift from product-driven to service-driven approaches in the industry [12].

Core Viewpoint - The article discusses the investment outlook for 2026, highlighting a stable macroeconomic environment and potential upward movement in the A-share market, with various asset classes being evaluated for their investment value and risk mitigation strategies. Group 1: Macroeconomic Outlook - The macroeconomic environment in 2026 is expected to remain stable, with policies continuing to support growth, particularly in the real estate sector, which may drive further economic recovery [4][17]. - A-share market is anticipated to experience fluctuations in the first half of 2026, with a potential rise in the second half driven by economic recovery expectations [6][19]. - The domestic economy is projected to gradually stabilize, supported by a combination of monetary easing and fiscal policies aimed at stimulating demand [11][19]. Group 2: Asset Class Evaluation - Equity assets, particularly those related to domestic markets, are viewed as having higher investment value compared to fixed-income assets, which may face constraints due to rising inflation and valuation pressures [22][23]. - The preference for asset allocation is expected to prioritize commodities over Hong Kong stocks, which in turn are favored over A-shares, with bonds being the least favored [24]. - The investment sentiment towards domestic equities remains optimistic, especially in sectors with strong price correlation, while the bond market is expected to experience volatility [20][30]. Group 3: Investment Strategies - A balanced and diversified asset allocation strategy is recommended to mitigate risks associated with macroeconomic factors, with a focus on maintaining a hedge among different asset classes [36][37]. - The investment approach should adapt dynamically to market conditions, emphasizing the importance of monitoring economic indicators and adjusting positions accordingly [38][39]. - The strategy includes a mix of growth and value styles, with a focus on sectors that are expected to perform well based on macroeconomic trends and valuation metrics [25][27]. Group 4: Specific Asset Insights - Gold and other precious metals are expected to maintain their investment appeal due to ongoing geopolitical tensions and favorable monetary conditions [31][33]. - The performance of overseas equities, particularly those benefiting from AI advancements and liquidity conditions, is anticipated to present trading opportunities, while caution is advised regarding high valuations in mature markets [32][34]. - The bond market is expected to favor short-duration instruments due to limited upside in yields and potential inflationary pressures, with a focus on selecting high-quality credit funds [29][30].

据参考消息援引德新社12月6日报道，以色列总统伊萨克·赫尔佐格在6日发表于美国《政治 报》网站的采访中，拒绝了美国总统唐纳德·特朗普有关赦免面临腐败指控的以总理本雅明·内 塔尼亚胡的呼吁。 les & FR 点击下载中国基金报客户端 赫尔佐格说，"我尊重特朗普总统的友谊和他的意见"，也赞赏特朗普在以色列人质从加沙地带 获释方面发挥的作用，但他强调，以色列是主权国家，其法律体系必须得到充分尊重。 ■ 中国基金报内容矩阵 ■ 报道称，内塔尼亚胡已受审五年多，他被控欺诈、背信和受贿三项罪名。特朗普曾多次敦促赫 尔佐格赦免内塔尼亚胡，包括近期在一封致赫尔佐格的签名信中重申了这一立场。 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 赫尔佐格办公室此前披露，内 ...

Core Viewpoint - The "Xiangyuan System" financial product overdue incident has led to urgent responses from three listed companies under its umbrella, aiming to clarify their non-involvement in the overdue payments and protect investor interests [2][3][5]. Group 1: Company Responses - Xiangyuan Cultural Tourism announced that media reports regarding overdue payments related to financial products guaranteed by its indirect controlling shareholder, Xiangyuan Holdings, have raised investor concerns [2][5]. - The company confirmed that the overdue financial products are unrelated to Xiangyuan Cultural Tourism and its subsidiaries, and it does not bear any repayment or guarantee obligations [3][5]. - The management assured that the company's operations are normal and committed to maintaining independence from its controlling shareholder in various aspects [3][5][12]. Group 2: Related Companies - Two other listed companies under Xiangyuan Holdings, namely Jiaojian Co. and Haichang Ocean Park, issued similar announcements to clarify their non-involvement in the overdue financial products [8][10][11]. - All three companies emphasized that the overdue financial products are linked to a real estate cooperation project involving Xiangyuan Holdings and are not associated with their operations [10][11][12]. Group 3: Financial Product Context - The overdue incident pertains to financial products issued on the Zhejiang Financial Asset Trading Center platform, which have failed to pay back principal and interest to investors as expected [13][15]. - The Zhejiang Financial Asset Trading Center's financial asset trading business qualification was revoked in October 2024, which may impact the handling of existing financial obligations [16].

Group 1 - The article discusses a recent incident where Japan accused China's naval aircraft of "radar illumination" on Japanese Self-Defense Force fighter jets, which Japan deemed a dangerous act exceeding necessary safety measures [1] - China firmly rejected Japan's claims, stating that the real risk to air and maritime safety comes from Japan's frequent reconnaissance and interference with China's normal military activities [1] - The Chinese government has called for Japan to cease its provocative actions and misleading narratives, emphasizing that Japan's portrayal of the situation is an attempt to manipulate international perceptions [1]