德国外交部长瓦德富尔 资料图 图源：外媒 见证历史！基金经 理薪酬重大改革来了，信息量很大 应中共中央政治局委员、外交部长王毅邀请，德国外长瓦德富尔将于12月8日至9日访问中 国。 来源：外交部网站 德国外长瓦德富尔将访华 外交部网站12月6日晚消息，外交部发言人宣布： ...

阿拉斯加国家石油储备区面积约为2350万英亩，位于阿拉斯加普鲁多湾油田以西。 见证历史！基金经 理薪酬重大改革来了，信息量很大 来 源 ： 央视新闻客户端 当地时间12月5日，白宫发表声明称， 美国总统特朗普当日签署一项参议院此前通过的 决议，使其成为法律，以撤销部分阿拉斯加北坡国家石油储备区的钻探限制。 据悉，这些限制原本旨在保护环境敏感区域免受油气钻探的破坏。 ...

12月5日，多米尼加共和国方面表示，在未来数日内，美国空军的KC-135加油机、C- 130"大力神"运输机等机型将陆续进入多境内开展行动。美国国防部长赫格塞思近日访问多米 尼加期间宣布，双方已达成一项临时协议，美方可在多米尼加圣伊西德罗空军基地及美洲国 际机场部分受限区域开展设备转运、技术保障等行动。美方称，此举旨在支援其所谓的"缉 毒"行动。 来源：央视新闻 当地时间12月5日，美军使用登陆艇将人员和设备运输至波多黎各的海滩。画面显示登陆艇抵 近海岸后，两栖车辆、悍马及重型装备陆续驶上沙滩。士兵们不断卸载装备、整理物资。据 悉，这些官兵来自美国海军陆战队所属的"圣安东尼奥"级两栖船坞运输舰。 ...

Core Viewpoint - Shenzhen Municipal Local Financial Management Bureau has issued a statement denying the existence of a document numbered Shen Jin Guan Han [2025] 318, which was purportedly a notice to stop illegal financial activities, asserting that the document is a forgery [1][2]. Group 1 - The bureau clarifies that it has never created or published the mentioned document, emphasizing that the correct name is "Shenzhen Municipal Local Financial Management Bureau," while the document uses a forged title and seal [2]. - The actions of the parties involved in creating and disseminating the forged document are considered a serious offense, including forgery and alteration of official documents, which undermines the credibility of government agencies [1][2]. - The bureau has reported the matter to law enforcement for criminal prosecution of the responsible individuals, highlighting the severe social impact of such actions [1][2]. Group 2 - The public is advised to remain vigilant and not to trust or spread information from unofficial sources to avoid falling victim to scams [3].

12.4【★★★★ ★ 】 货币政策 潘功胜发表署名文章 12月4日，中国人民银行党委书记、行长潘功胜在人民日报发表署名文章《构建科学稳健的货币政策体系和 覆盖全面的宏观审慎管理体系（学习贯彻党的二十届四中全会精神）》。 中央银行以维护币值稳定和金融稳定为双目标，货币政策体系和宏观审慎管理体系是中央银行实施宏观管 理的两项基础性工具，是实现双目标的双支柱。构建科学稳健的货币政策体系和覆盖全面的宏观审慎管理 体系，有利于把维护币值稳定和金融稳定更好结合起来，对于支撑金融强国建设具有重要的意义。 12.1【★★★ ★ ★ 】 基金产品审批 大消息！"逆周期调节"，来了 在《推动公募基金高质量发展行动方案》指导下，为了更好地保护投资者利益，基金产品审批启动逆周期 调节机制。 据中国基金报记者了解，今年以来，监管对于业绩比较基准（权益指数）估值较高的权益类新基金审批相 对审慎。"前几个月要求新审批的权益基金的业绩比较基准指数最近五年滚动估值在历史90%分位数以下， 最近三个月要求在80%分位数以下，可以说是越来越审慎。"事实上，这仅是公募基金逆周期调节的其中一 部分。今年以来，尽管A股市场日渐火热，基金公司对于新发权 ...

Core Viewpoint - The article discusses the termination of a significant acquisition by DiAo Microelectronics, which was intended to purchase 100% of Rongpai Semiconductor's shares and raise supporting funds through the issuance of shares and cash payments [1][3]. Company Overview - DiAo Microelectronics is focused on the research, design, and sales of high-performance analog chips, with a product range that includes signal chain analog chips and power management analog chips. The company has developed several advanced products and has obtained ISO9001 certification [4]. - Rongpai Semiconductor specializes in high-performance analog chip design and has developed unique technologies, including the iDivider technology, which has led to breakthroughs in domestic isolation chips [5]. Acquisition Details - The acquisition aimed to enhance DiAo Microelectronics' product offerings in the isolation chip category and leverage Rongpai Semiconductor's patented technologies and customer resources to improve market competitiveness [5]. - The termination of the acquisition was due to the inability to reach an agreement on key terms such as transaction price and performance commitments after multiple discussions [6]. Financial Impact - As of December 5, DiAo Microelectronics' stock price was reported at 24.23 CNY per share, with a total market capitalization of nearly 6 billion CNY [7]. The company stated that the termination of the acquisition would not have a significant adverse impact on its operational and financial status [6].

Core Viewpoint - The recently issued "Guidelines for Performance Assessment and Compensation Management of Fund Management Companies (Draft for Comments)" emphasizes the binding mechanism between compensation and performance for fund personnel, aiming to prioritize the interests of fund shareholders and promote the sustainable development of the public fund industry [2][4]. Summary by Sections Performance Assessment System - The guidelines advocate for a performance assessment system centered on fund investment returns, combining quantitative and qualitative methods to determine performance indicators while ensuring consistency and continuity [4][17]. Key Performance Indicators - The guidelines stress the importance of indicators such as "fund product performance" and "profitable investor ratio" [5][17]. - For quantitative assessment, the weight of long-term indicators (over three years) in fund investment returns should not be less than 80% [6]. - For senior management, the weight of fund investment return indicators should be at least 50% [7]. Self-Purchase Requirements - Senior management must use at least 30% of their total performance compensation to purchase the company's funds, while fund managers must invest at least 40% of their performance compensation [9]. Salary Adjustment Mechanism - Fund managers whose performance lags the benchmark by over 10% and have negative profit margins must face a salary reduction of at least 30% [10]. Accountability Mechanism - The guidelines require the establishment of a strict accountability mechanism for compensation management, applicable even to departing employees [11]. Dividend Distribution Constraints - Fund management companies should lower dividend frequency and ratios for funds with poor performance and significant investor losses over the past three years [12]. Compensation Structure Optimization - The guidelines call for an optimized compensation distribution structure, favoring frontline and grassroots employees while controlling salary increases for senior management [14]. Long-term Incentive Mechanism - Fund management companies are encouraged to implement long-term incentive mechanisms linked to the company's development and the long-term interests of fund shareholders [15]. Basic Principles - The guidelines adhere to principles that align with national policies, prioritize shareholder interests, effectively motivate personnel, and balance the interests of shareholders and other stakeholders [17].

【导读】智慧互联产业基金总经理高宏亮认为，科技强国和创业投资黄金时代已经到来 中国基金报记者 刘明 12 月 5 日，深圳全球招商大会在深圳开幕，来自全球 30 多个国家和地区的超过 1000 家 企业和机构现场参会。在 " 产业升级，战新聚势 " 罗湖招商考察活动分享环节中，智慧互联 产业基金总经理高宏亮发表演讲时表示，科技强国和创业投资黄金时代已经到来。 高宏亮指出， " 十五五 " 规划的建议中，包含着新质生产关系广泛的积极举措，将支撑新质 生产力黄金时代的到来。 高宏亮认为，要像过去支持城投债和房贷（ " 瓦片基金 " ）那样更大力度支持科创债（ " 芯 片基金 " ），各级政府要以极大力度推动科创债组建产业母基金。 " 芯片基金 " 门槛收益将 比照 " 瓦片基金 " 和同期国债，让利实体经济；高宏亮对最近 10 年 A 股上市公司的实证研 究表明，一家上市公司从创业至上市的周期约 17 年，而目前创投基金的存续期大部分仅 8 年，创业企业饱受 " 退出 " 困扰。高宏亮认为， " 芯片基金 " 存续期要参照 " 瓦片基金 " 进行设计，创投基金要有 15 年或以上的存续期限，就能更好地陪伴科创企业 ...

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 中国人民保险集团股份有限公司网站消息， 12月6日，中国人民保险集团党委召开会议，传 达中央纪委国家监委对于泽涉嫌严重违纪违法进行纪律审查和监察调查的决定。 与会同志一 致表示，坚决拥护党中央决定，坚决拥护中央纪委国家监委决定。 党委书记、董事长丁向群 主持会议，党委班子成员参加会议。 会议指出，中央纪委国家监委对于泽涉嫌严重违纪违法进行纪律审查和监察调查，充分彰显了 以习近平同志为核心的党中央一以贯之推进全面从严治党、把党的自我革命进行到底的坚定决 心和坚强意志，充分表明了我们党坚持反腐败无禁区、全覆盖、零容忍的一贯立场，充分体现 ...

加快打造一流投资银行和投资机构 更好助推资本市场高质量发展——吴清主席在中国证券业协会第八 次会员大会上的致辞 各位会员代表、各位来宾，同志们： 大家好！很高兴参加中国证券业协会第八次会员大会，我谨代表中国证监会，对大会的召开表示 热烈祝贺，向与会的各位代表和全行业同仁致以诚挚的问候！党的二十届四中全会着眼于中国式 现代化全局，对金融强国建设和资本市场高质量发展作出了重要部署。证券机构是资本市场上连 接投融资各方最重要的桥梁纽带，对于市场功能发挥和生态完善至关重要。下面，我重点围绕推 进证券行业高质量发展，同大家作个交流。 一、充分肯定近年来证券行业发展取得的成绩 第七次会员大会召开的四年多来，恰逢"十四五"从开局到即将收官。这期间，面对世纪疫情严重 冲击、地缘政治冲突延宕起伏、国际经贸环境急剧变化等一系列突发性超预期风险挑战，在党中 央、国务院坚强领导下，证监会深入贯彻落实习近平总书记重要讲话和关于资本市场的重要指示 批示精神，坚持稳中求进、以进促稳，会同市场参与各方，统筹推进资本市场防风险、强监管、 促高质量发展，系统重塑市场基础制度和监管逻辑；建设建强防波堤防浪堤，从政策、资金、预 期对冲等方面打好稳市 ...