来源： 央视新闻、政事儿 央视新闻消息，当地时间12月29日，美国总统特朗普在佛罗里达州海湖庄园与以色列总理内 塔尼亚胡开始会晤前透露， 他当天早晨与俄罗斯总统普京通电话时， 被对方告知乌克兰无人 机袭击了普京一处官邸，"我对此很生气"。 特朗普称暂不了解具体情况，俄方说法可能不实、袭击并未发生，他补充说"但 普京总统今天 早上告诉我，的确发生了 "。若确有其事，"那太糟糕了，并不是好事"。 特朗普还表示， 他与普京的这次通话"有成效" ，但要在乌克兰实现和平仍存在"一些非常棘 手的难题"。 另据俄总统助理乌沙科夫披露，特朗普在通话中向普京介绍了前一日会晤泽连斯基的情况， 还称已建议乌方不要试图为前线部队争取喘息之机，应集中精力达成全面协议以结束冲突。 普京则告知特朗普官邸遭袭，乌方此举将遭"最严厉回应"，特朗普表态该事件会影响美方与 泽连斯基的共事方式。 俄外长拉夫罗夫早前证实，乌方28日深夜至29日凌晨出动91架无人机企图袭击普京位于诺夫 哥罗德州的官邸，俄方将予以还击。 乌总统泽连斯基则称俄方说法"纯属捏造"。 突发！商业航天牛股，可能被*ST！ 刚刚，见证历史！首破370000亿 ...

Core Viewpoint - Tianjian Technology is facing a significant risk of delisting due to expected negative net profit and revenue below 300 million yuan in 2025, following a price adjustment for military products [2][5]. Financial Performance - In the first half of 2025, the company reported revenue of 67.63 million yuan, a year-on-year decrease of 29.26%, and a net profit attributable to shareholders of -6.58 million yuan, compared to 11.17 million yuan in the same period last year [6]. - By the third quarter of 2025, revenue further declined to 11.41 million yuan, a 71.23% year-on-year drop, with a net profit of -18.98 million yuan, showing a significant deterioration [6]. - The company's net profit has been on a downward trend from 111 million yuan in 2021 to an estimated 16 million yuan in 2024 [8]. Market Context - Despite the company's struggles, the commercial aerospace sector has seen a surge, with the sector's stock prices increasing by 80.10% as of December 25, 2025 [8]. - Tianjian Technology's stock has experienced a notable rise, achieving four trading limits since November and a year-to-date increase of over 60% [8]. Company Background - Established in March 2005 and listed on the Shenzhen Stock Exchange in 2020, Tianjian Technology specializes in the research, production, and sales of high-bandwidth, high-power solid-state microwave front ends, with applications in radar systems, satellite communications, and measurement and control [6][8].

Market Overview - Silver prices experienced extreme volatility, with a historic surge of 10% followed by a sharp decline of 10% within a short period. This fluctuation was marked by silver breaking the $80 per ounce barrier before retreating [2] - Gold also faced significant losses, dropping $200 or 4.5% to below $4329 per ounce, marking its largest decline in two months [2] Silver Market Dynamics - The rapid decline in silver prices occurred shortly after reaching over $84 per ounce. This reversal coincided with the CME Group's announcement to raise margin requirements for various metal contracts, aimed at reducing speculative trading [6][8] - The increase in margin requirements is a standard procedure by exchanges to mitigate default risks among contract holders, especially after significant price increases [8] - Analysts noted that the recent price surge in metals, including silver, was unsustainable, leading to profit-taking and subsequent corrections [8] Year-to-Date Performance - Silver has seen a remarkable year-to-date increase of approximately 150%, driven by its status as a critical mineral, supply shortages, and rising industrial and investment demand [8] - Gold has risen about 65% this year, while platinum and palladium are also expected to show annual gains [8] Stock Market Reaction - On the evening of December 29, U.S. stock indices fell, with the Dow Jones dropping over 200 points, the Nasdaq declining by approximately 0.6%, and the S&P 500 decreasing by about 0.4% [9][10] - The "AI trading" sector faced pressure, with notable declines in stocks such as Nvidia, which fell nearly 2%, reversing part of its previous week's gains [10]

【 导读 】 东莞银行、南海农商银行IPO重启！ 中国基金报记者 嘉合 12月29日，深交所披露信息显示，东莞银行和南海农商银行的IPO审核状态已由"中止"变更 为"已受理"，这也标志着两家银行再度重启IPO上市进程。 两家银行再度重启IPO上市 据悉，东莞银行和南海农商银行此前均因财务资料过期而"中止"上市进程。具体来看，今年9 月底，深交所发行的上市审核信息披露显示，因"IPO申请文件中记录的财务资料已过有效 期，需要补充提交"，东莞银行的IPO审核状态从"已受理"变更为"中止"。 同时，在今年9月底，南海农商银行也因同样的问题，从IPO审核状态从"已受理"变更为"中 止"。事实上，这也并非两家银行于年内首次因上述问题而被"中止"IPO进程。 今年3月31日，东莞银行和南海农商银行就曾因财务资料过期而被"中止"上市，并于6月更新 相关提交资料而再次恢复IPO状态。不过，今年9月，两家银行又再度因财务资料过期原因而 从"已受理"状态变为"中止"。同时，这也是两家银行自2024年3月以来，第四次因相同的财 务资料过期后补充资料而将IPO状态由"中止"变为恢复。 东莞银行于2008年便首次递交IPO资料，至今已 ...

Core Viewpoint - The total scale of public funds in China has surpassed 37 trillion yuan for the first time, reaching a historical high of 37.02 trillion yuan as of the end of November 2025, driven by a recovering capital market and inflow of new funds [2][4][9]. Fund Growth and Performance - In November, all types of public funds experienced positive growth, with Fund of Funds (FOF) seeing a significant increase of 13.64% in share volume, leading among all fund types. QDII funds also recorded a net subscription of 7.15%, while stock funds saw a growth of over 2% in share volume [3][10]. - Despite the overall positive trend, stock and mixed funds experienced a slight decline in scale due to adjustments in the stock market in November [3][11]. Fund Management Institutions - As of the end of November 2025, there are 165 public fund management institutions in China, including 150 fund management companies and 15 asset management institutions with public fund qualifications [5]. Fund Categories and Data - The total number of public funds reached 13,490, with a total share volume of 317.05 billion and a net asset value of 370.18 billion yuan as of November 30, 2025. This represents a month-on-month growth of 0.16% in scale and 1.04% in share volume [6][7]. - Specific fund categories showed varied performance: - Stock funds: 3,371 funds, 38,210.97 million shares, 57,982.89 billion yuan (down 2.20% in scale) [6][12]. - Bond funds: 3,858 funds, 88,657.06 million shares, 105,240.51 billion yuan (up 0.33% in scale) [6][12]. - Money market funds: 362 funds, 151,859.24 million shares, 151,876.09 billion yuan (up 0.90% in scale) [6][12]. - Mixed funds: 4,820 funds, 25,832.10 million shares, 35,988.03 billion yuan (down 1.96% in scale) [6][12]. - FOF: 532 funds, 2,167.63 million shares, 2,355.44 billion yuan (up 11.74% in scale) [6][12]. - Other funds (including QDII): 547 funds, 10,322.51 million shares, 16,736.54 billion yuan (up 4.08% in scale) [6][12]. Market Trends - The public fund market has shown strong growth momentum over the past six months, with the total scale increasing by 4.19 trillion yuan year-to-date, representing a growth rate of 12.77% compared to the end of last year [9]. - The trend indicates a robust recovery in the capital market, with significant inflows into various fund types, particularly FOF and QDII funds, which are expected to maintain their growth trajectory [14].

来源：央视新闻 当地时间12月29日，哈马斯下属武装派别卡桑旅发表声明， 证实其发言人阿布·乌拜达此前 在以军袭击中死亡 。 该组织新任发言人称，对此前该组织多名遭以军袭击而死亡的领导人和高级成员表示哀悼， 包括该组织军事领导人穆罕默德·辛瓦尔、高级军事指挥官穆罕默德·沙巴纳、发言人阿布·乌 拜达等。 卡桑旅新任发言人在声明中表示，其将继承并沿用"阿布·乌拜达"这一名字。 今年8月30日，以军称在行动中打死哈马斯武装派别卡桑旅发言人阿布·乌拜达。 严重职务违法、涉嫌受贿犯罪！许海，被开除党籍！ 锂矿巨头，涉嫌单位犯罪！案件已移送起诉 ...

公安部近日派出工作组赴菲律宾开展警务执法合作，在我驻菲律宾大使馆支持下，两国执法 部门密切协作，成功抓获涉及多起绑架、杀人案件的犯罪嫌疑人施纯芳。 12月22日，菲警方将 施纯芳移交我方，公安部组织福建公安机关将其押解回国。 近年来，以施纯芳为首的犯罪团伙，在菲律宾频繁针对中国公民实施绑架、杀人等严重犯罪活动，涉及 多起恶性案件，后果极其严重，社会影响极为恶劣。 中菲两国执法部门加大警务执法合作力度，全力 推进有关案件侦办工作。经过艰苦细致的侦查调查，近日将施纯芳成功抓获。 来源：公安部微信公众号 中菲警务执法合作取得新战果 涉针对中国公民实施绑架杀人犯罪的嫌疑人施纯芳被从菲律 宾押解回国 公安部有关负责人表示，公安机关将进一步深化国际执法合作，依法严厉打击绑架勒索、人口贩运、网 赌电诈等跨国犯罪活动，坚决将犯罪分子绳之以法，切实维护我国公民在海外人身安全和合法权益。 严重职务违法、涉嫌受贿犯罪！许海，被开除党籍！ 锂矿巨头，涉嫌单位犯罪！案件已移送起诉 ...

【导读】大牛股停牌核查了！ 中国基金报记者 泰勒 大家好啊，今晚大牛股们的公告不断，不是提示风险就是要停牌核查。 12月29日晚间，连续12个涨停的牛股——胜通能源发布公告，公司股票价格自2025年12月12日至2025年12月29日期间价格涨幅为213.97%， 期间多次触及股票交易异常波动情形，公司股票短期内价格涨幅较大，已严重背离公司基本面，为维护投资者利益，公司将就股票交易波 动情况进行停牌核查。 公告称，公司主营业务未发生重大变化，股价短期内连续上涨，可能存在市场情绪过热、非理性炒作风险。公司基本面未发生重大变化， 不存在应披露而未披露的重大信息。 公告称，经公司申请，公司股票自2025年12月30日开市起停牌，预计停牌时间不超过3个交易日。 | 最高: 46.31 | 今开: 43.38 | 涨停: 46.31 | 成交量:25.72万手 | | --- | --- | --- | --- | | 最低: 42.90 | 昨收:42.10 | 跌停: 37.89 | 成交额：11.57亿 | | 量比: 3.19 | 换手:15.32% | 市盈率(动)：220.82 | 市盈率(TTM): 39 ...

【导读】因涉嫌信息披露违法违规，*ST熊猫被证监会立案 中国基金报记者 李智 12月29日，*ST熊猫发布公告称，公司于2025年12月29日收到中国证监会下发的《立案告 知书》，因涉嫌信息披露违法违规，中国证监会决定对公司立案。 值得注意的是，因*ST熊猫2024年度财务报表被出具了无法表示意见的审计报告，根据上海 证券交易所《股票上市规则》第9.3.2条第（三）项"最近一个会计年度的财务会计报告被出 具无法表示意见或否定意见的审计报告"的规定，公司股票已被实施退市风险警示。 因公司2024年度内部控制被出具了否定意见的审计报告，根据上海证券交易所《股票上市规 则》第9.8.1条第（三）项"最近一个会计年度内部控制被出具否定意见审计报告"的规定，公 司股票继续被实施其他风险警示。 截至目前，上述非标意见所涉事项尚未有进展，如公司2025年度不符合《股票上市规则》第 9.3.7条规定的撤销退市风险警示的情形，公司股票将被终止上市。 业绩方面，*ST熊猫今年前三季度实现营业收入1.55亿元，同比下降25.86%；归属于上市公 司股东净利润为1356.01万元，同比下降53.25%。 | *ST熊猫 600599 ...

Core Viewpoint - The general manager of Xiangju Capital, Liang Hui, expresses a cautiously optimistic outlook for the A-share market in 2026, anticipating a generally loose macro environment with limited risks of significant market corrections and a focus on structural opportunities, particularly in AI, commodities, and overseas expansion [2][4]. Group 1: Market Outlook - The macro environment for 2026 is expected to be overall loose, with external fluctuations smaller than in 2025, influenced by significant political events in the U.S. and domestic policies promoting stable economic growth [4][5]. - A-share market performance in 2025 showed significant structural characteristics, with valuation increases being the main driver, while profit improvements contributed less [4][5]. - The overall return of the A-share market in 2026 may be lower than in 2025, but the risk of a major market correction is limited, with structural opportunities remaining the main focus [4][5]. Group 2: Investment Opportunities - The AI sector is expected to continue its growth, with market predictions indicating a 40%-50% increase in 2026, following a doubling of returns in 2025 [5]. - Commodities are seen as having overall allocation value, with copper prices likely to rise due to increased demand from AI and new energy sectors, while gold's future price movements remain uncertain [5]. - The export sector shows structural upward potential, driven by strong competitiveness of Chinese companies abroad, although risks related to overseas tariffs and internal competition exist [5]. Group 3: Investment Strategy - Xiangju Capital is optimizing its investment portfolio by focusing on multiple asset classes and strategies, moving away from a single-style investment approach to a more concentrated selection of stocks across AI, commodities, and overseas markets [6][9]. - The firm emphasizes the importance of asset allocation as a "free lunch" in investment, aiming to smooth volatility through a combination of low-correlation assets and strategies [8][9]. - The investment strategy includes a mix of stocks, bonds, and commodities, with an expectation of weak positive returns in the bond market next year, while maintaining a balanced approach to enhance overall portfolio returns [8][9].