今年以来，我国保险市场的转型画卷徐徐展开，其中一抹亮色尤为引人注目——分红险。在低利率环境持续、监管引导的 大背景下，曾经一度沉寂的分红险产品强势回归，成为众多险企推动价值增长、满足客户多元化需求的支点。 这一转型不仅是产品形态的简单轮回，更是行业应对新利率环境的底层逻辑。作为市场的重要参与者，阳光人寿保险股份 有限公司（以下简称"阳光人寿"）等险企敏锐把握趋势，精准布局，加大分红险的推动力度，通过独具特色的健康养老增值服 务体系以及穿越周期的稳健投资实力，在这一轮转型浪潮中率先破局，为行业提供了"产品+服务+投资"三位一体的转型范本。 多重因素驱动险企拥抱分红险转型 今年以来，保险公司产品策略出现显著转向，固定收益类保险产品等传统热卖产品热度有所降温，而分红险则异军突起， 成为多家主流险企主推的方向。这一集体转型的背后，是政策、市场、客户及行业自身发展需求共同作用的结果。 从市场利率环境与政策导向看，长期低利率已成为全球性挑战。在此环境下，保险公司固定收益类资产的投资回报率面临 下行压力，传统高预定利率保险产品可能产生利差损风险。金融监管机构持续通过下调预定利率、建立动态调整机制等举措， 引导险企降低负债成 ...

瞄准这些核心技术方向的同时，贺克斌还提醒，全球协同推进碳中和需直面三重严峻挑战： 一是技术创新挑战，在支撑全球2050年碳中和目标的技术中，约一半尚未实现商业化，未来竞争与创新 空间巨大； 二是供应链与资源挑战，新能源产业所需的关键矿产资源（如锂、钴、稀土等）需求将激增，可能面临 资源约束和价格波动。中国在稀土加工和电池制造等中下游环节优势显著，但上游资源保障是关键。与 此同时，大规模退役光伏板、风机叶片、动力电池的循环利用将成为必需的新兴产业； （原标题：贺克斌：迈向碳中和，技术依赖成全球能源竞争新焦点） 南方财经 21世纪经济报道记者 郑青亭、实习生王馨梓 12月18日，《财经》年会2026：预测与战略暨2025全球财富管理论坛在北京开幕。中国工程院院士、清 华大学碳中和研究院院长贺克斌在主旨演讲中指出，世界经济正在从对能源的"资源依赖"走向对能源 的"技术依赖"，谁能率先建成并掌控关键技术，谁就掌握了未来发展的主动权。 他强调，对于中国等发展中国家而言，推动"双碳"行动不仅是应对气候变化的需要，也与解决常规环境 污染（如PM2.5）、建设美丽中国、推动产业升级和经济竞争力提升三大逻辑紧密相连。他通过模型 ...

格隆汇12月16日丨*ST华微(600360.SH)在投资者互动平台表示，公司近两年无产品出口至欧盟国家。 ...

Core Viewpoint - The commercial aerospace sector is experiencing significant activity, with multiple companies showing substantial stock price increases, indicating strong investor interest and confidence in the sector's growth potential [1][2]. Group 1: Stock Performance - Companies such as 超捷股份 (Chaojie Co.) and 航天环宇 (Aerospace Huanyu) have seen stock price increases of 20% and over 10% respectively, reflecting a bullish market sentiment [1][2]. - The stock performance of various companies in the commercial aerospace sector includes: - 超捷股份: Current price 96.78, up 20% with a year-to-date increase of 231.35% [2]. - 航天长峰: Current price 20.34, up 10.01% with a year-to-date increase of 57.92% [2]. - 航天动力: Current price 39.33, up 7.84% with a year-to-date increase of 274.57% [2]. Group 2: Industry Insights - Recent establishment of commercial aerospace companies and the introduction of a three-year development plan highlight the government's commitment to the sector, fostering a comprehensive ecosystem that spans manufacturing, launch operations, and application services [2]. - The investment logic in the A-share commercial aerospace market is driven by the anticipated growth in satellite constellations and the transition from custom satellite manufacturing to mass production [3]. - The development of space computing capabilities is becoming a strategic focus, with plans for gigawatt-level space data centers to enhance computational power beyond terrestrial limitations [3]. Group 3: Sector Analysis - The rocket industry chain is poised for growth due to advancements in reusable rocket technology and increasing launch demands, benefiting upstream material suppliers and precision component manufacturers [5]. - The satellite industry and space computing sectors are expected to thrive as satellite miniaturization and cost reduction drive innovation, creating opportunities for companies involved in satellite development and application services [6]. - The demand for lightweight, high-strength materials in commercial aerospace is rising, with 3D printing technology becoming increasingly relevant, providing business opportunities for companies producing advanced materials [6].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 新焦點汽車技術控股有限公司 呈交日期: 2025年12月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00360 | 說明 | - | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | HKD | | 0.1 | HKD | | 2,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 20,000,000,000 | HKD | | 0.1 | HKD | | 2,000,000,000 ...

Core Viewpoint - New Focus (00360) announced a capital injection agreement with Zhongrong Juxin, where Zhongrong Juxin will invest RMB 100 million (approximately USD 14 million) for a 10% stake in New Focus Optoelectronics (Shanghai) [1] Group 1: Investment Details - The capital injection will result in New Focus Optoelectronics (Shanghai) being owned approximately 90% by the group and 10% by Zhongrong Juxin after the investment [1] - New Focus Optoelectronics (Shanghai) will remain a subsidiary of the group, and its financial performance will continue to be consolidated into the group's financial statements [1] Group 2: Business Operations - New Focus Optoelectronics (Shanghai) is the operational entity for the group's manufacturing business, primarily engaged in producing and selling automotive electronic products, including inverters, chargers, multifunctional power supplies, and heating and cooling boxes [1] - The investment is expected to bring additional capital for growth and development, with Zhongrong Juxin's business resources potentially providing new collaborative business development opportunities for New Focus Optoelectronics (Shanghai) [1] - The board believes that the partnership with Zhongrong Juxin will enhance the overall business operations and financial performance of the group [1]

Core Viewpoint - New Focus Optical (Shanghai) has entered into a capital increase agreement with Zhongrong Juxin, which will invest RMB 100 million (approximately USD 14 million) for a 10% equity stake, enhancing the company's growth potential and operational support [1] Group 1: Investment Details - The capital injection will result in New Focus Optical (Shanghai) being owned approximately 90% by the group and 10% by Zhongrong Juxin after the investment [1] - The investment is aimed at introducing a new shareholder that will provide additional capital for growth and development [1] Group 2: Company Operations - New Focus Optical (Shanghai) is a wholly-owned subsidiary of the group and serves as the operational entity for the manufacturing business, focusing on automotive electronic products such as inverters, chargers, multifunctional power supplies, and heating and cooling boxes [1] - The financial performance of New Focus Optical (Shanghai) will continue to be consolidated into the group's financial statements [1] Group 3: Strategic Implications - The board believes that Zhongrong Juxin's business resources will create new synergistic business development opportunities for New Focus Optical (Shanghai) [1] - The partnership is expected to provide various business and operational support, thereby improving the overall business operations and financial performance of the group [1]

格隆汇11月17日丨新焦点(00360.HK)宣布，于2025年11月17日，纽福克斯光电(上海)(公司间接全资附属 公司)与中融聚鑫(作为投资者)订立增资协议，据此，中融聚鑫同意就纽福克斯光电(上海)的10.0%股权 向纽福克斯光电(上海)注资人民币1亿元(相当于约1400万美元)。完成注资后，纽福克斯光电(上海)将由 集团及中融聚鑫分别拥有约90.0%及约10.0%权益。纽福克斯光电(上海)将继续为公司的附属公司，而纽 福克斯光电(上海)的财务业绩将继续在集团财务报表中综合入账。 注资将使纽福克斯光电(上海)能够引入一名新股东，该股东将为纽福克斯光电(上海)的增长及发展带来 额外资本。考虑到中融聚鑫所拥有的业务资源，董事会认为中融聚鑫将为集团成员公司(尤其是纽福克 斯光电(上海))带来新的协同业务发展机会，并为集团提供各种业务及营运支持，从而改善集团的整体业 务营运及财务表现。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 NEW FOCUS AUTO TECH HOLDINGS LIMITED 新焦點汽車技術控股有限公司* （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：360） 須予披露交易 視作出售附屬公司股權 增資協議 董 事 會 欣 然 宣 佈，於 二 零 二 五 年 十 一 月 十 七 日，紐 福 克 斯 光 電（上 海）（本 公 司 間 接 全 資 附 屬 公 司）與中融聚鑫（作 為 投 資 者）訂 立 增 資 協 議，據 此，中 融 聚 鑫同意就紐福克斯光電（上 海）的10.0%股權向紐福克斯光電（上 海）注資人民 幣100,000,000元（相 當 於 約14.0百 萬 美 元）。完 成 注 資 後，紐 福 克 斯 光 電（上 海） 將由本集團及中融聚鑫分別擁有約90.0%及 約10.0%權 益。紐 福 克 斯 光 電（ ...

Core Insights - The financial industry is undergoing a transformation driven by artificial intelligence, with digitalization and intelligence becoming key development stages [2] - CITIC Securities has launched 18 digital employees, enhancing the capabilities of each real employee by providing them with digital support [2][5] Group 1: Role of AI Digital Employees - AI digital employees have evolved through three stages: from "executors" to "thinkers," from "single-sensory" to "multi-sensory," and from "system tools" to "work partners" [3] - The focus on data governance, algorithm trustworthiness, and technological autonomy is essential for building an efficient and reliable digital employee workforce [3] - The goal is to create a collaborative human-machine paradigm where each employee is supported by multiple digital counterparts [3] Group 2: Empowerment of Business and Management - The digital employee system has been effectively implemented in several core business scenarios, such as intelligent research, market value management, and investment banking [4] - The "super researcher" can generate extensive research reports in minutes, achieving a professional standard comparable to experienced researchers [4] - The market value management assistant, CapitAI-Link, integrates various data sources to provide customized market management solutions [4] - Management digital employees streamline processes like travel management and reimbursement, enhancing operational efficiency [4] Group 3: Performance Metrics and Achievements - Since their launch, the digital employees have processed approximately 50 million requests, with a total token usage of nearly 100 billion and an average daily processing volume exceeding 1.3 billion [5] - The technology behind these digital employees has received 10 national invention patents and 4 software copyrights [5] - The initiative represents a commitment to high-quality financial services and economic development, signaling the start of a more efficient and intelligent financial future [5]