该指挥部在社交媒体上发布帖文说，这架飞机在委内瑞拉西部同哥伦比亚接壤的阿普雷州被 综合防空系统发现，它被用于贩运毒品。 委军方战略作战指挥官多明戈·埃尔南德斯·拉雷斯在帖文中说，此次行动针对违反委内瑞拉 航空法规的行为，飞机残骸在委内瑞拉与哥伦比亚接壤的边境地区附近一片森林中被发现。 委内瑞拉总统马杜罗2025年12月30日表示，该国玻利瓦尔国民武装部队24小时内截停9架运 毒飞机，创下纪录。 关 税 突 发！刚 刚， 特朗普，改口！ 来源：新华社 委内瑞拉玻利瓦尔国民武装部队战略作战指挥部2025年12月31日说，在该国西部击落一 架"试图侵犯委内瑞拉（领空）主权"的飞机。 ...

Core Viewpoint - A total of 7 companies in the A-share market have collectively announced their performance forecasts for 2025, with expected significant year-on-year growth, highlighting strong industry recovery and companies' capabilities in product upgrades, cost control, and strategic mergers and acquisitions [2]. Group 1: Company Performance Forecasts - Transfar Zhilian expects a net profit of 650 million to 700 million yuan, representing a year-on-year increase of 256.07% to 361.57%, driven by high-margin product focus and asset optimization [3][4]. - Tianci Materials anticipates a net profit of 1.1 billion to 1.6 billion yuan, with a growth of 127.31% to 230.63%, primarily due to the expanding demand for lithium-ion battery materials in the electric vehicle and energy storage markets [4]. - Guangku Technology forecasts a net profit increase of 152% to 172%, attributed to continuous investment in new product development and successful market expansion [5]. - Shougang Co. expects a net profit of 920 million to 1.06 billion yuan, with a growth of 95.29% to 125.01%, driven by high-end product transformation and cost reduction [5]. - Yilong Co. predicts a net profit of 8.29 billion to 8.89 billion yuan, with a growth of 77.78% to 90.65%, reflecting the recovery of upstream resource prices [7]. - Kidswant anticipates a net profit of 275 million to 330 million yuan, with a growth of 51.72% to 82.06%, driven by its expansion strategy and market penetration [5]. - Hualing Steel expects a net profit of 2.6 billion to 3 billion yuan, with a growth of 27.97% to 47.66%, despite facing a one-time environmental tax payment [5]. Group 2: Industry Trends - The lithium battery supply chain is experiencing a significant recovery, with companies like Tianci Materials and Yilong Co. showing strong performance linked to robust downstream demand and rising material prices [6][7]. - Tianci Materials' growth signals a strong demand for battery materials driven by the global energy transition and increasing penetration of electric vehicles [7]. - Yilong Co.'s performance reflects the recovery of market prices for its main product, potassium chloride, and the stabilization of lithium carbonate prices, indicating a positive trend for the lithium battery materials industry [7]. Group 3: Additional Company Insights - Lixun Precision has forecasted a net profit of 16.518 billion to 17.186 billion yuan for 2025, with a growth of 23.59% to 28.59%, driven by its strong position in the refrigeration and air conditioning components market [9]. - Sanhua Intelligent Control expects a net profit of 3.874 billion to 4.648 billion yuan, with a growth of 25% to 50%, supported by its leading position in the automotive parts sector [9]. - Zijin Mining anticipates a net profit of 51 billion to 52 billion yuan, with a growth of 59% to 62%, driven by increased production and rising sales prices of its main mineral products [10].

Core Viewpoint - Trump has postponed the tariff increase on furniture and cabinets for one year, now set to take effect in 2027 [2][4]. Group 1: Tariff Details - The new tariffs on soft furniture, kitchen cabinets, and bathroom vanities were originally scheduled to take effect this week but have been delayed [6][9]. - The tariffs were set at 25% and were planned to increase to 50% for kitchen cabinets and 30% for soft furniture by 2026 [6][7]. Group 2: Economic Context - The delay in tariff increases comes amid rising dissatisfaction among voters regarding price levels, indicating a strategic move to alleviate economic pressure [5]. - Despite the planned tariffs, furniture prices had already risen significantly due to existing tariffs on most goods from China and Vietnam, the two main sources of U.S. furniture imports [8]. Group 3: Government Position - The White House stated that the U.S. is engaged in productive negotiations with trade partners to address trade equity and national security concerns related to wood product imports [8]. - Trump has defended the tariffs as necessary for protecting the domestic lumber industry, citing national security concerns regarding wood imports from Canada [11].

Core Viewpoint - Shandong Zhanggu has been investigated by the China Securities Regulatory Commission (CSRC) for suspected violations of financial information disclosure in its periodic reports, leading to a formal case being opened against the company [2]. Group 1: Investigation and Regulatory Actions - The company received a notice from the CSRC regarding the investigation due to alleged violations of the Securities Law and the Administrative Penalty Law of the People's Republic of China [2]. - Shandong Zhanggu stated that it will actively cooperate with the CSRC's investigation and will fulfill its information disclosure obligations as required by law [5]. - The company has previously been ordered to rectify issues related to information disclosure violations by the Shandong Securities Regulatory Bureau [7]. Group 2: Specific Violations Identified - The investigation revealed three main issues: 1. Violations in the approval and disclosure of related party transactions, including inaccuracies in the disclosure of related party receivables and payables from 2020 to 2024 [8]. 2. Misuse of raised funds, including the purchase of non-principal guaranteed financial products and failure to redeem certain products within the authorized management period [8]. 3. Non-compliance in corporate governance, such as related shareholders acting as monitors during votes on related matters and incomplete records of participants in insider information processes [8]. Group 3: Company Performance - As of the first three quarters of the previous year, Shandong Zhanggu reported revenue of 1.459 billion yuan, a year-on-year decrease of 3.94%, and a net profit attributable to shareholders of 62 million yuan, down 39% year-on-year [9]. - The company's stock closed at 10.69 yuan per share on December 31, 2025, with an annual increase of over 13% [10].

les & FR 点击下载中国基金报客户端 ■ 中国基金报内容矩阵 ■ 来源：新华社 特朗普宣布从芝加哥等三座城市撤走国民警卫队 美国总统特朗普12月31日宣布，将从芝加哥、洛杉矶和波特兰等三座民主党主政的城 市撤走国民警卫队。 特朗普在社交媒体发文称，由于国民警卫队进驻，这些城市的犯罪率才得以"大幅下 降"。如果不是联邦政府介入，波特兰、洛杉矶和芝加哥"恐怕早已不复存在"。 特朗普2025年1月再度入主白宫后称芝加哥、洛杉矶、纽约、巴尔的摩、奥克兰等民 主党主政城市为"问题城市"。同年6月起，美国移民与海关执法局等联邦机构出动大批 执法人员，在加利福尼亚州洛杉矶县等地展开针对非法移民的搜捕行动，此后特朗普 政府陆续宣布向洛杉矶、华盛顿、孟菲斯、波特兰和芝加哥等城市派遣国民警卫队， 协助实施移民执法行动。 美多个州和地方政府就此提起法律诉讼，要求联邦法官阻止向当地派遣国民警卫队。 12月23日，美最高法院初步裁定，特朗普政府不能向芝加哥派遣国民警卫队。这一裁 定可能会影响针对特朗普政府试图在其他民主党主政城市部署军队的诉讼。 巅峰对话 投资热点说 ETF风向标 IPO情报站 fe o 1 ■ a a - 44 ...

蚂蚁基金董事长王珺： 【导读】《公开募集证券投资基金销售费用管理规定》正式实施，四大基金销售巨头第一时 间表态 中国基金报公募基金报道组 1 月 1 日，《公开募集证券投资基金销售费用管理规定》（以下简称《规定》）正式实施， 公募基金三阶段费率改革顺利收官。 在《规定》正式实施的第一天， 蚂蚁基金、腾安基金、天天基金、盈米 等头部基金销售机构 密集发声，第一时间全面、严格落实《规定》的各项要求，积极响应降费号召，持续践行低 费率，让利投资者，并将持续优化产品线及服务体系，用更专业的服务，切实提升投资者的 获得感与满意度。 以投资者为本，持续降费让利，助力公募基金高质量发展 2025 年 12 月 31 日，证监会修订并正式发布《公开募集证券投资基金销售费用管理规 定》，提出合理调降公募基金认申购费、销售服务费率水平等，标志着公募基金费率改革正 式迎来收官。 公募基金费率改革有助于稳步降低投资者成本，提升投资者获得感，进一步推动行业高质量 发展。蚂蚁基金积极响应降费要求，持续践行低费率，让利投资者。自 2015 年开始实行买 入费率折扣，蚂蚁基金十年预估累计为投资者节省了超 500 亿元交易手续费。 作为连接机 ...

【导读】中国建设银行河南省分行原党委书记、行长石永拴接受纪律审查和监察调查 中国基金报记者 李智 金融反腐又有新进展。 12 月 31 日，据中央纪委国家监委驻中国建设银行纪检监察组、山东省纪委监委消息： 中国 建设银行河南省分行原党委书记、行长石永拴涉嫌严重违纪违法 ，目前正接受中央纪委国家 监委驻中国建设银行纪检监察组纪律审查和山东省聊城市监察委员会监察调查。 公开资料显示，石永拴 1962 年出生，河南省林州市人，硕士研究生，高级经济师。 石永拴是中国建设银行河南省分行的 " 老将 " 。曾任中国建设银行河南省分行党委委员、副 行长， 2017 年至 2021 年任河南省分行党委书记、行长。 2019 年河南两会期间，石永拴作为河南省人大代表、建行河南省分行党委书记、行长曾接受 采访，围绕履行国有大行社会责任、服务地方经济发展等核心议题展开深入阐述。 此外， 2017 年，在第十一届中国金融业（河南）年度卓越金融家评选中，时任建行河南省 分行党委书记、行长的石永拴上榜。此后，石永拴多次代表建行河南省分行公开出席活动。 值得注意的是，曾任建行河南省分行的另一位行长 —— 石亭峰，于 2025 年 4 月被 ...

来源：新华社、 财政部经济建设司 三部门将支持50个左右城市开展有奖发票试点 财政部、商务部、国家税务总局2025年12月31日对外发布通知称，为进一步激发消费需求， 释放消费潜力，三部门将支持50个左右城市开展有奖发票试点工作，政策实施期为6个月。 财建〔2025〕484号 各省、自治区、直辖市、计划单列市财政厅（局）、商务主管部门、税务局： 通知称，试点城市对个人消费者以本人名义向零售、餐饮、住宿、文化艺术、娱乐、旅游、 体育、居民服务业等行业的经营主体购买商品和服务，且取得的票面金额在一定额度以上的 发票组织抽奖。 财政部、商务部、国家税务总局有关负责人介绍，此次出台的有奖发票试点政策着重从需求 端发力，鼓励居民消费并取得发票后参与抽奖。试点政策覆盖日常消费主要场景，如购物、 外出就餐、旅游住宿、文体活动、生活服务等，与居民"衣食住行"密切相关。 通知明确，试点城市申报范围为地市级及以上城市（包括直辖市，计划单列市，各省、自治 区省会或首府城市，地级市、州、盟）。中央财政将对试点城市分档安排奖补资金。 三部门有关负责人表示，试点城市将按照通知要求，结合地方实际，制定有奖发票试点工作 实施方案，明确有奖发 ...

les & FR 点击下载中国基金报客户端 以"星链"为例，"星链"在轨卫星超1万颗，曾两次迫近中国空间站致紧急避碰，近期一颗解体产 生100多枚碎片，严重威胁缺乏控轨能力的发展中国家航天器。 ■ 中国基金报内容矩阵 ■ 此外，一些低轨卫星星座无视相关国家法律规定，在他国上空和边界私自开通信号服务，成为干 预他国内政的工具。 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 在非洲萨赫勒、南亚及东南亚地区，"星链"被暴恐分子、分离势力以及电诈集团大量使用，带来 监管和执法难题。 来源：@CCTV国际时讯 中国代表呼吁相关国家切实遵守《外空条约》义务，对本国商业航天活动加强监管。 当地时间12月29日，中国代表在低地球轨道卫星问题安理会阿里亚模式会议上发 ...

Core Viewpoint - The article discusses the recent reforms in public fund fee structures in China, emphasizing the importance of reducing costs for investors and enhancing their experience, which aligns with the broader goal of promoting high-quality development in the public fund industry [1][3]. Group 1: Fund Fee Reform - The China Securities Regulatory Commission (CSRC) has officially released revised regulations aimed at lowering public fund subscription fees and sales service rates, marking the completion of the fee reform process [1]. - The fee reform is expected to help reduce investor costs and improve their sense of gain, thereby promoting high-quality development in the industry [1][3]. - Ant Fund has actively responded to the fee reduction requirements, implementing discounts on purchase fees since 2015, which has saved investors over 50 billion yuan in transaction fees over the past decade [1]. Group 2: Industry Growth and Development - The public fund industry in China has experienced significant growth, with total market size surpassing 37 trillion yuan, reflecting a shift from scale-driven to return-oriented strategies [3]. - The industry is focusing on protecting customer interests and promoting long-term investment practices, positioning public funds as stabilizers in the capital market and as a means to safeguard residents' wealth [3]. Group 3: Investor-Centric Approach - Ant Fund is committed to an investor-centric approach, aiming to enhance the overall investment experience and promote healthy investment behaviors among a broader audience [7]. - The platform has generated over 500.4 billion yuan in returns for investors through its product offerings, with a significant portion of investors coming from lower-tier cities [7]. - Ant Fund emphasizes the importance of providing standardized and transparent information to help investors set realistic return expectations and understand market volatility [7]. Group 4: Long-Term Investment Philosophy - The article highlights the need for a long-term investment evaluation system that prioritizes sustainable growth and genuine investor profitability, moving away from short-term sales incentives [9]. - Ant Fund believes in the value of maintaining investments over the long term, with an average holding period of over 1,198 days for non-money market fund users on its platform [9]. - The platform has successfully enabled over 210 million non-money market fund investors to achieve profitability, reinforcing the belief that a long-term approach fosters trust and sustainable growth [9].