【导读】大金融板块助力港股上涨，中国太平涨超 7% ，中国平安涨 6.71%，金融监管总局发布利好消息 中国基金报记者 储是 港股市场今日午后拉升，保险、科技股齐转涨。中国太平涨超 7% ，中国平安涨 6.71% ，百度涨超 5% 。 消息面上，国家金融监管总局发布关于调整保险公司投资相关股票的风险因子的通知。市场认为，此举有利于推动保险资金入市。 港股午后拉升 恒生指数收复 26000 点 12 月 5 日，港股三大指数午后持续拉升转涨，全天呈现低开高走行情。截至收盘，恒生指数上涨 0.58% ，再度站上 26000 点；恒生国 企指数、恒生科技指数分别上涨 1.01% 、 0.84% 。 | W | | 恒生中国企业指数(HSCEI) 12-05 16:09:30 | | | | | --- | --- | --- | --- | --- | --- | | 9198.30 | | 昨收 | 9106.48 | 成交额 | 890.17亿 | | +91.82 | +1.01% | 今开 | 9077.14 | 成交量 | 25.92亿 | | 上涨 | 35 | 平盘 | TH | 下跌 | 14 | ...

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: ...

【导读】胜通能源筹划易主，12月5日起停牌 中国基金报记者 夏天 上市三年后， 胜通能源 （证券代码：001331）拟易主。 12月5日午间，胜通能源公告称，公司控股股东、实际控制人魏吉胜已签署了股份转让意向书，该事项可能导致公司控股股东、实际控制人 发生变更。 公开资料显示，胜通能源成立于2012年，2022年9月在深交所挂牌上市，主营业务为LNG（液化天然气）的采购、运输、销售以及原油、 普货的运输服务。 截至2025年三季度末，魏吉胜直接持有胜通能源1.04亿股，持股占比 为 36.97%，系公司第一大股东，期末参考市值约 为 14.4亿元。 | 十大股东明细 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 时间范围 | | | | | | | 11时间排序 | [ = =出到excel | | 2025年三季报 | | | | | | | | 查看图形 | | 股东各称 | 股东性质 | 期末参考市值 (亿元) | 持股数量(股) | 持股比例 (%) | 較上期持股变 动数(設) | 持設比例变动 ...

Core Viewpoint - In a continuously declining interest rate environment, traditional fixed-income assets are providing diminishing coupon yields, making it increasingly difficult for investors to achieve returns. The core proposition of wealth management has shifted towards achieving stable asset appreciation, which is addressed by Yongying Fund through systematic multi-asset and multi-strategy layouts, particularly in the "fixed income enhancement" direction [1]. Group 1: Response to Low Interest Rate Environment - Yongying Fund's absolute return investment department general manager Liu Xingyu emphasizes that when interest rates remain low for an extended period, relying solely on bond assets to meet return targets is inadequate. Expanding into multi-asset and multi-strategy approaches is a necessary choice [3]. - Liu proposes a "multi-asset, multi-strategy" core solution, which involves diversifying asset classes (such as bonds, stocks, convertible bonds, gold, and overseas equities) to effectively broaden the investment portfolio's efficient frontier and optimize the risk-return ratio [3]. - Liu outlines seven specific paths to pursue absolute returns, highlighting the importance of identifying and enhancing long-term high Sharpe ratio assets, actively managing to achieve returns that exceed benchmarks [3]. Group 2: Deep Collaboration Between Stocks and Bonds - Yongying Fund's fixed income investment department general manager Wu Wei notes that the scale of fixed income enhancement products has returned to historical highs, with low to medium volatility being the core variety. Data shows that low to medium volatility strategies often better reflect the "synergistic effect of stocks and bonds" [5]. - The innovative "deep collaboration between stocks and bonds" operational model allows fixed income to play three core roles: liquidity management, providing basic coupon income, and assisting equity in enhancing returns and controlling drawdowns [5]. - Wu believes that under this model, fixed income managers will elevate their perspective from a single bond market to the overall product, focusing on comprehensive evaluations of the relationship between stocks and bonds to manage overall drawdown [5]. Group 3: Product Matrix and Performance - Yongying Fund has established a clear product matrix for fixed income enhancement, with a full range of low, medium, and high volatility layouts. For instance, the Yongying Xinxin A product achieved a return of 21.61% over the past two years, significantly outperforming the peer average of 11.93% [6]. - The Yongying Multi-Asset and Multi-Strategy product has a maximum drawdown of only -0.71%, better than the peer average of -1.39% [6]. Group 4: Systematic Research and Support - Effective execution of strategies relies on a robust systematic research and investment platform. Yongying Fund has developed five systems that span front, middle, and back offices, aiming to scientifically identify market cycle positions and capture various asset return opportunities [10]. - The Qianxing fixed income research system utilizes big data and AI technologies to construct intelligent rating, risk warning, and bond strategy modules, enhancing bond investment capabilities [10]. Group 5: Market Outlook - Looking ahead, Liu anticipates that global liquidity easing and fiscal expansion will likely continue, with U.S. tech stocks, U.S. Treasuries, and gold being noteworthy assets. The A-share market is expected to shift from valuation-driven to profit-driven, with improving corporate earnings as a key support [12]. - Wu provides a practical perspective on the bond market, suggesting that the monetary policy is likely to remain accommodative, with interest rate bonds expected to oscillate within a "low interest rate + high volatility" range, presenting trading opportunities [12].

Core Insights - The discussion emphasizes the importance of youth and their role in shaping the future, particularly in the context of rapid technological changes and the challenges posed by AI [5][6][10] - The company is focused on applying AI and big data in various industries, including agriculture and healthcare, to enhance efficiency and safety [7][8][10] - The conversation highlights the need for educational reform to cultivate talent domestically rather than relying solely on imported expertise [11][12][13] Group 1: AI and Technological Advancements - AI is seen as a transformative force that will significantly impact productivity in the next three to five years, with applications in various sectors such as mining and healthcare [10][26] - The company is exploring the use of AI in optimizing industrial processes, such as improving the efficiency of blast furnaces and automating mining operations [7][8] - The discussion includes the potential of AI in enhancing diagnostic capabilities in healthcare, showcasing successful applications in hospitals [8][10] Group 2: Education and Talent Development - The need for educational institutions to adapt to the demands of the AI era is emphasized, with a focus on teaching practical skills rather than just theoretical knowledge [11][12] - The company supports initiatives that aim to elevate the programming skills of students in underdeveloped regions, promoting a "teach to fish" approach [8][11] - The importance of collaboration between academia and industry is highlighted as essential for fostering innovation and developing a skilled workforce [11][12][13] Group 3: Global Collaboration and Cultural Exchange - The conversation underscores the significance of international collaboration in technology and education, with a call for more engagement with global talent [14][31] - The company expresses a desire to connect with diverse cultures and share knowledge, recognizing the value of different perspectives in driving innovation [14][31] - The role of women in technology is acknowledged, with encouragement for increased participation in STEM fields [28][29]