Core Viewpoint - The Shenzhen Municipal Housing Provident Fund Management Committee has released a new set of regulations for the withdrawal of housing provident funds, aimed at enhancing support for employees in purchasing and renting homes, with the new rules set to take effect on December 15, 2025 [1][11]. Group 1: Home Purchase Support - The new regulations introduce multiple scenarios for fund withdrawal related to home purchases, easing conditions to better meet the housing needs of employees [3][13]. - A new provision allows employees and their family members to withdraw funds for the down payment of a home before it is fully paid. Families with one home can withdraw the full balance, while those with two homes can withdraw 60% of the balance, not exceeding the unpaid down payment [3][15]. - The regulations support a "withdraw and loan" approach, allowing the withdrawn amount to be included in the calculation of the loan limit for ordinary housing provident fund loans [21][22]. - The application period for home purchase withdrawals has been extended from three years to five years, allowing employees to apply for withdrawals up to five years after the purchase date [4][26]. Group 2: Tax Payment and Loan Repayment - New provisions allow employees to withdraw funds to pay for taxes related to the purchase of their first or second home, with the withdrawal amount not exceeding the actual tax paid [5][27]. - The scope of loan repayment withdrawals has been expanded from the city to nationwide, allowing employees to withdraw funds for repaying loans on their first or second homes across the country [29][30]. Group 3: Rental Support - The new regulations introduce a phased adjustment mechanism for rental withdrawal limits, increasing the monthly withdrawal limit from 65% to 80% of the current month's contribution for a two-year period starting November 1, 2025, for employees without homes [39][40]. - The support for rental withdrawals has been expanded to include families with two or more children, removing the previous requirement of having at least one minor child [45]. - Employees renting public rental housing can continue to withdraw based on actual rent, and new support is provided for those renting affordable housing [46]. Group 4: Urban Renewal Support - The regulations enhance support for employees involved in urban renewal projects by introducing three new withdrawal categories: self-funded renovation of old housing, installation or replacement of old elevators, and increased area for relocated housing [8][47]. - The total withdrawal amount for urban renewal projects cannot exceed the actual contribution made by the applicant [48].

该知情人士进一步透露，张德芹在贵州省工商联担任的职务为党组副书记。 【导读】贵州茅台原董事长张德芹赴 贵 州省工商联任 职 中国基金报记者 夏天 辞任贵州茅台董事长职务一个多月后，张德芹最新去向曝光。 12 月 5 日，有市场消息称，张德芹已赴 贵 州 省 工商 联任职。对此，一位接近张德芹的知 情人士 12 月 5 日下午向中国基金报记者表示，该消息属实。 在公告中，贵州茅台董事会对张德芹表示了感谢，称其在任职期间，忠实履职、务实敬业、 辛勤付出，为公司高质量发展作出了积极贡献。 记者 12 月 5 日查询 贵 州省工商 联官网发现，目前官网上 " 工商联领导 " 一栏尚未出现张 德芹的身影。 | 首页 | 新闻资讯 | 本会概况 | 信息公开 | | 惠企服务 | 企业融资 | 专题专栏 | | --- | --- | --- | --- | --- | --- | --- | --- | | 领导之窗 | | 工商联领导 | | | | | | | 工商联领导 | ▶ | | | | | | | | | | | 李汉宇 | 李岳德 | 陈广臣 | 韦庆银 | | | | | | 施波 | 卿春 | | ...

【导读】中国人民银行与澳门金融管理局签署常备互换协议并扩大规模 中国基金报记者 晨曦 经国务院批准，近日中国人民银行与澳门金融管理局续签双边货币互换协议并升级为常备互 换安排，协议长期有效。互换规模由原来的 300 亿元人民币 /340 亿澳门元扩大至 500 亿 元人民币 /570 亿澳门元，以进一步维护两地金融稳定，更好支持双边经贸往来，推动澳门 离岸人民币市场稳健发展。 回顾来看，中国人民银行于 2019 年 12 月 5 日首次与澳门金融管理局签署双边货币互换协 议，互换规模为 300 亿元人民币 /340 亿澳门元，有效期为 3 年。协议在 2022 年 12 月 5 日续签，直至此次升级为常备互换。 澳门金融管理局称，此次协议的续签及优化，将为澳门金融市场提供更加坚实的人民币流动 性支持，有利于澳门金融机构拓展人民币业务。澳门金融管理局将持续推动澳门金融机构善 用货币互换机制和人民币清算优势，吸引葡语国家的政府和企业来澳进行投融资，进一步巩 固澳门特区作为 " 中国 — 葡语国家金融服务平台 " 的作用。 据了解， " 常备 " 主要指协议长期有效，无需定期续签，同时互换流程也会进一步优化，资 金 ...

Core Viewpoint - The Hong Kong stock market experienced a significant rise, driven by the financial sector, particularly insurance stocks, following favorable regulatory news from the National Financial Regulatory Administration regarding insurance companies' investment risk factors [2][11][13]. Market Performance - The Hang Seng Index closed up 0.58%, reclaiming the 26,000-point mark, while the Hang Seng China Enterprises Index and Hang Seng Technology Index rose by 1.01% and 0.84%, respectively [4][8]. - The total trading volume for the day reached HKD 210.5 billion, with net inflows from southbound funds amounting to HKD 1.3 billion [7][8]. Financial Sector Highlights - Major insurance stocks saw substantial gains, with China Taiping rising over 7% and China Ping An increasing by 6.71% [2][8][10]. - Morgan Stanley added China Ping An to its focus list, raising its target price for A-shares from RMB 70 to RMB 85 and for H-shares from HKD 70 to HKD 89 [10]. Regulatory Impact - The National Financial Regulatory Administration announced adjustments to the risk factors for insurance companies investing in stocks, aimed at enhancing long-term investment management and supporting the real economy [11][13]. - The adjustments include differentiated risk factor settings based on holding periods for stocks in the CSI 300 Index, the CSI Dividend Low Volatility 100 Index, and stocks on the STAR Market [13]. Technology Sector Performance - Baidu's stock surged over 5%, leading gains among technology stocks, following reports of its semiconductor subsidiary Kunlun Chip planning an IPO in Hong Kong [14][15]. - Other tech stocks such as Kuaishou, Xiaomi, and Meituan also recorded increases [16]. Commodity Sector Insights - The non-ferrous metals sector showed strong performance, with Jiangxi Copper rising by 6.11% and China Aluminum by 5.41% [17][18]. - Reports indicated that companies like Jinli Permanent Magnet and others have received general export licenses, signaling a clearer policy environment for rare earth exports [18]. Tourism and Aviation Sector Challenges - Stocks in the tourism and aviation sectors faced downward pressure, with China Southern Airlines, Air China, and China Eastern Airlines experiencing declines of 3.25%, 1.68%, and 1.04%, respectively [19][20]. - A report highlighted that 34 out of 134 stocks in the tourism and leisure facilities sector were short-sold, with a total short-selling amount of HKD 713 million [21].

经查， 费东斌丧失理想信念，背弃初心使命，政治意识淡漠，搞投机钻营，结交政治骗子，对抗组织审查；违反中央八项规定精神，安排他人 长期为家属提供车辆接送服务；组织原则缺失，不按规定报告个人有关事项，在干部选拔任用等工作中为他人谋取利益；廉洁底线失守，违规收 受礼金；贪婪无度，把公权力当作谋取私利的工具，大搞权钱交易，利用职务便利为他人在企业经营、工程承揽、职务调整等方面谋利，并非法 收受巨额财物。 来源：中央纪委国家监委网站 政事儿 中央纪委国家监委网站12月5日消息，经中共中央批准，中央纪委国家监委对第二十届中央候补委员，交通运输部原党组成员，国家铁路局原党 组书记、局长费东斌严重违纪违法问题进行了立案审查调查。 公开简历显示，费东斌，男，汉族，1970年8月生，中共党员，工程硕士。二十届中央候补委员，二十大代表。 2005年10月起，他历任沈阳铁路局总工程师（副局级）、副局长，青藏铁路公司常务副总经理、党委委员（2008.02明确为正局级），铁道部 运输局副局长兼客运专线技术部主任，北京铁路局常务副局长、党委常委、中沙铁路项目专家组常务副组长，济南铁路局常务副局长、党委常 委，呼和浩特铁路局局长、党委副书记 ...

Core Viewpoint - The recent stock purchases by the executives of Mindray Medical, including the chairman and other senior management, indicate strong confidence in the company's future growth and intrinsic value, especially after a challenging period in the domestic market [1][8]. Group 1: Executive Stock Purchases - Chairman Li Xiting has invested approximately 29.99 million yuan by purchasing 152,300 shares at an average price of 196.862 yuan per share, marking his first stock buy [4][5]. - Li Xiting plans to continue purchasing shares in the secondary market, with a total investment expected to reach 200 million yuan over the next six months [6]. - Other executives, including General Manager Wu Hao and Senior Vice President Li Zaiwen, have also made significant stock purchases, indicating a collective belief in the company's potential [8]. Group 2: Foreign Institutional Interest - Mindray Medical has attracted significant attention from foreign institutional investors, ranking second in the number of investigations among A-share listed companies, with 404 inquiries as of December 3 [10][11]. - The interest from foreign institutions reflects their confidence in Mindray's ability to navigate market challenges and capitalize on growth opportunities [12]. Group 3: Financial Performance and Market Outlook - In Q3 2025, Mindray Medical's revenue showed a positive turnaround with a year-on-year growth of 1.53%, reversing a previous decline of 23.77% in Q2 [12][15]. - The company anticipates that the most challenging period in the domestic market has passed, with expectations for domestic business to return to positive growth next year and profit growth to turn positive by 2026 [15][20]. - Mindray's international market potential is estimated to be 4-5 times larger than the domestic market, positioning the company for long-term growth in international business [20].

来源：@央视军事 北京日报 澳大利亚称一支中国海军舰队可能正前往该国，国防部回应 12月5日下午，国防部新闻局副局长、国防部新闻发言人蒋斌大校就近期涉军问题发布消息。 升！刚 刚，原 因 找 到 了！ 日方称中国扩大军事活动，外交部：不必大惊小怪、过度解读 12月5日，外交部发言人林剑主持例行记者会。 路透社记者提问，中方能否确认，中国军队是否正在东海、南海、台湾海峡及太平洋海域集 结船只？日本防卫大臣今日声称"中国一直在日本周边地区扩大并加强其军事活动"。中国政 府对此有何回应？ "你提到的有关情况建议向中方的主管部门询问。"林剑强调，中方一贯奉行防御性的国防政 策，中国海军、海警严格按照中国的国内法和国际法在有关海域活动，有关方面不必大惊小 怪、过度解读，更不要无端炒作。 1 3:3 0！A 股 直 线 拉 有记者提问，据报道，澳大利亚国防部称，监测到一支中国海军舰队可能正前往澳大利亚。 请问发言人能否证实？ 国防部新闻发言人蒋斌：中国海军舰艇编队组织远海训练，符合国际法和国际惯例，不针对 任何特定国家和目标。 ...

Core Viewpoint - Shenzhen has established itself as a leading financial hub in China, with significant growth in various financial sectors, including the launch of multiple AIC funds and a high number of VC/PE funds, indicating a robust financial ecosystem [5][6]. Group 1: Financial Growth and Achievements - In 2025, Shenzhen launched 7 bank-affiliated AIC funds with a total scale of 240 billion yuan, ranking first in the country [6]. - The city added 156 new private equity and venture capital funds in 2025, also the highest in the nation [6]. - Over the past five years, Shenzhen's financial industry has shown impressive growth, with an average annual increase of 6.9% during the 14th Five-Year Plan period, contributing approximately 14% to the city's GDP [6]. Group 2: Strategic Goals and Future Plans - Shenzhen aims to become a globally influential industrial financial center by 2030, focusing on integrated innovation in technology, industry, and finance [7]. - The city plans to enhance its financial ecosystem by optimizing the business environment and attracting global financial talents and enterprises [11]. Group 3: Regional Financial Strength - Futian District is recognized as one of the top three financial districts in the country, accounting for 49% of the city's financial value added and achieving a growth rate of 21.4% [9]. - Qianhai serves as a national pilot for financial openness and innovation, with actual foreign investment accounting for half of Shenzhen's total [11].

Core Viewpoint - The article discusses the significant transformation occurring in the Greater Bay Area's airport infrastructure, highlighting the expansion and modernization of major airports to enhance their global competitiveness and support regional economic growth [5][21]. Infrastructure Developments - Hong Kong International Airport has fully operationalized its third runway system and is progressively opening its expanded second passenger terminal, with the departure hall expected to be operational by 2026 [2][12]. - Guangzhou Baiyun International Airport's T3 terminal and fifth runway have commenced operations, making it the first airport in China with five commercial runways [2][3]. - Shenzhen Bao'an International Airport has officially launched its third runway, enhancing operational efficiency and capacity to accommodate large aircraft [10]. Capacity and Demand Response - The expansion of the Greater Bay Area airport cluster is a direct response to the increasing demand for air travel, with projections indicating that the total passenger throughput for the seven airports in the region will exceed 200 million by 2024 [14][15]. - The airports in Guangzhou, Shenzhen, and Hong Kong have all reported over 8% growth in passenger throughput in the first three quarters of the year [15]. Economic Impact - The airport expansions are expected to significantly boost the regional economy, with the Greater Bay Area's economic output projected to surpass 14.79 trillion yuan in 2024, contributing to nearly one-fifth of the national foreign trade [15]. - The enhanced airport infrastructure will facilitate a shift from broad coverage to high-density, high-quality air route networks, supporting the region's logistics and trade needs [15][19]. Strategic Importance - The development of the airport cluster is crucial for strengthening the competitive advantage of the Greater Bay Area's real economy, particularly in high-value industries such as electronics, biomedicine, and cross-border e-commerce [17][18]. - Upgraded airport facilities will improve cargo transport capabilities, essential for maintaining supply chain resilience and supporting the region's manufacturing and global trade ambitions [19]. Connectivity and Integration - The article emphasizes the importance of creating a seamless transportation network, with plans for integrated air-rail transport systems to enhance connectivity among the airports in the Greater Bay Area [26]. - The collaborative development of the airport cluster aims to transition from competition to cooperation, ensuring that each airport can leverage its unique strengths to form a complementary network [27][29]. Future Outlook - The ongoing enhancements in both hardware and software aspects of the airport cluster are expected to significantly elevate the Greater Bay Area's global resource allocation capabilities, positioning it as a key node in international supply chains and innovation networks [30].

【导读】突然大涨，原因是什么？ 中国基金报记者 泰勒 兄弟姐妹们啊，今天的A股，绝对突发！原本震荡的行情，到了下午一点半的时候，市场遭到资金"偷袭"，直线暴力拉升，让人目瞪口呆！ 全市场的股民都在问："究竟发生了什么事情？" 那么，按照基金君的惯例，这么大幅的波动，泰勒一定会找到原因跟大家汇报。 首先，午后13:30，在毫无征兆的情况下，三大指数直线拉升。 富时中国A50指数期货也同步直线拉升！ 对于三大指数的直线拉升，有经验的股民一眼就看出是券商等大金融板块发力了。 | 最高: 3907.78 | 今开: 3873.12 | 成交量: 5.00亿手 | 换手:1.10% | | --- | --- | --- | --- | | 最低: 3863.31 | 昨收: 3875.79 | 成交额:7167.42亿 | 量比:1.05 | | 52周最高: 4034.08 | 上涨:1334 | 振幅: 1.15% | 平盘:48 | | 52周最低: 3040.69 | 下跌:358 | 总市值:63.13万亿 | | | 最高: 3115.81 | 今开:3084.22 | 成交量: 1.97亿手 | 换手: ...