Market Performance - The A-share market showed strong performance on December 17, with all three major indices rising, including the Shenzhen Component Index up over 2% and the ChiNext Index up over 3% [1][2] - The total trading volume in the A-share market reached 1.83 trillion yuan, an increase of 863 billion yuan compared to the previous trading day [2] - The Shanghai Composite Index, Shenzhen Component Index, ChiNext Index, and STAR Market Index rose by 1.19%, 2.40%, 3.39%, and 2.47% respectively, while the North Shenzhen 50 Index fell by 0.04% [1] Sector Performance - Active sectors included optical modules, lithium mining, lithium battery electrolytes, and optical chips, while sectors like Hainan Free Trade Port and satellite internet saw adjustments [3] - Among the 31 primary industries, the communication, non-ferrous metals, and electronics sectors had the highest gains, increasing by 5.07%, 3.03%, and 2.48% respectively [3] - The non-bank financial sector saw significant gains in the afternoon, with Huatai Securities rising over 6% and China Pacific Insurance rising over 4% [3] Fund Flow and Sentiment - As of December 16, the A-share market's financing balance increased by over 310 billion yuan in December, indicating a positive fund flow [4][6] - On December 17, over 2,100 stocks in the Shanghai and Shenzhen markets experienced net inflows from main funds, with the Shanghai and Shenzhen 300 index seeing a net inflow of over 50 billion yuan [4][6] - The overall market sentiment is optimistic, with significant inflows into various sectors, particularly communication, non-ferrous metals, and electronics [5][6] Individual Stock Contributions - Major contributors to the Shenzhen Component Index included stocks like NewEase, Zhongji Xuchuang, and Ningde Times, which collectively contributed nearly 30% of the index's rise [2] - In the ChiNext Index, the same stocks contributed nearly 60% of the index's increase, highlighting their significant impact on market performance [2] Future Outlook - Analysts suggest that the A-share market is likely to see a cross-year rally as domestic and international policy directions become clearer [7][8] - The combination of a supportive domestic policy and a loose global liquidity environment is expected to create favorable conditions for risk assets [8]

【大河财立方 记者 段伟朵 陈诗昂 程帅星 文 朱哲 李博 冉衡 洪昊旸 摄影】展望"十五五"，资产证券化在中国经济发展的洪流中，将扮演怎样的角色？ 作为连接实体经济与资本市场的关键纽带，资产证券化在盘活存量资源、分散金融风险、拓宽融资渠道等方面具有不可替代的作用。12月17日，作为2025 债券市场高质量发展大会的先行会议，资产证券化专场会议率先开启。来自政、企、金、研、服等领域代表齐聚郑州，共话资产证券化在服务实体经济、 盘活存量资产、优化融资结构中的重要作用和实施路径。 立足中原、放眼全国 盘活存量资产大有可为 河南日报报业集团有限公司党委副书记、总经理王珂在致辞中表示，党的二十届四中全会作出"加快建设金融强国"的战略部署，河南省委十一届十次全会 深入贯彻中央精神，锚定"1+2+4+N"目标任务体系，明确提出"积极推动现代金融高质量发展，用好多层次资本市场，稳步扩大债券发行规模"。此次大会 聚焦资产证券化，正是响应中央号召、落实省委部署的具体行动。 王珂介绍，河南日报社、河南日报报业集团有限公司全力构建"媒体+金融"双轮驱动的服务新生态，连续三年联合债券市场核心机构打造"债券市场高质量 发展大会"，已成 ...

Summary of Key Points from Conference Call Records Industry Overview - The conference call primarily discusses the **financial, raw materials, and transportation industries** [1][3][4]. Core Insights and Arguments Financial Industry - Current low interest rates may lead to financial mismatches, prompting central banks and banks to shift towards reasonable interest rate pricing [1][3]. - Social financing and M2 no longer have quantitative guidance, with loan growth stabilizing around **6%** [1][3]. - Personal loan growth is not significantly impacted by previous bad asset digestion [1][3]. - As of November, medium to long-term loans show signs of stabilization, while manufacturing investment has slowed to **1.7%**, below overall demand growth of **4%** [1][3]. - A balanced supply-demand relationship is expected to alleviate financial system risk concerns and industrial product price pressures, with a potential rebound in PPI by **2027** [1][3]. - Loan interest rates are stabilizing, which may gradually improve interest margins, and insurance yields are performing well [1][4]. - The financial sector is expected to benefit from government bond rates slightly rising, supporting fiscal policies to stabilize and enhance financial returns [1][4]. Manufacturing and Credit Demand - In **2026**, manufacturing credit demand is anticipated to weaken, while consumer loan growth is expected to decline due to high-interest consumer loan clean-up [5]. - The initiation of the "14th Five-Year Plan" and increased local special bonds will support infrastructure loan demand, stabilizing overall financing needs [5]. - Strict management of hidden debts and real estate risks will continue, leading to a reduction in overall financial risks [5]. Insurance Industry - The insurance sector has significant growth potential, with household financial assets growing at **12%** [6]. - Insurance products are competitive, providing guaranteed rates along with retirement and health services, with growth expected to exceed household financial asset growth [6]. - China Ping An anticipates its BNB growth to exceed **20%**, indicating substantial upside potential [6]. - The insurance sector is viewed as an important investment target due to its long-term double-digit growth potential and the increasing interest from U.S. investors in the Chinese insurance market [6]. Raw Materials Industry - The macro environment for **2026** suggests a weak dollar in the first half, potentially rebounding in the second half, with ample liquidity in both China and the U.S. supporting commodity prices [7]. - Strong demand for energy storage and supply disruptions are expected to drive prices of copper, aluminum, and cobalt higher [7]. - Significant mining accidents have led to a tight supply situation for copper, with global copper supply expected to remain flat [7]. - Recommended stocks include those related to aluminum, copper, gold, lithium, and cobalt, such as Zijin Mining and China Aluminum [7]. Aluminum Supply and Demand - Global aluminum supply is projected to decrease by **700,000 tons** due to factory shutdowns, while new supply is expected to be **1.4 million tons** [2][8]. - Overall demand is forecasted to grow by over **2%**, but demand in the photovoltaic sector is expected to decline by **30%** [9]. Congo Fund's New Quota System - The new quota system from the Congo Fund has led to a significant reduction in supply, with expected output only **40%** of previous levels, resulting in market tightness [10]. Anti-Overcapacity Policies - Recent government meetings have emphasized anti-overcapacity policies, potentially limiting new capacity in coal, steel, and cement industries [11]. Other Important Insights - The Thai market for J&T Express has shown significant success, becoming the largest express company in Thailand, with a market share exceeding that of the second to fourth competitors combined [12]. - The competitive landscape in Thailand's express delivery market is intense, with low costs due to favorable geographic conditions and balanced regional economic development [14]. - Long-term growth potential for J&T Express is viewed positively, but uncertainties in Southeast Asia's e-commerce landscape may affect valuation [15]. - The aviation industry has shown positive performance, with significant growth in passenger traffic and improved pricing power for airlines [16].

投资是寿险最核心的能力之一 分红险年代投资能力更显重要 寿险公司间投资能力有差异吗 哪家公司投资能力更强 我们将陆续为大家解读 今天讲8大千亿级寿险巨头 注：经营不满10年或未连续公布10年的不算在内 今晚7点 对话齐莱平 聊聊AI时代的顾问式行销 ① 八大千亿巨头近十年收益率 2024年保费过千亿的公司 有8家连续公布了 10年的投资收益率 先展示一下数据 | | | | | | | 八大寿险公司近十年收益率表 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 公司 | 2024 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 2025 | | | 保費 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | न्रूस | | 国寿 | 6715 | 2.5% | 4.3% | 3.0% | 7.0% | 6.1% | 4.7% | 2.0% | 3.1% | 5.9% | 2.1% | | 平安 ...

今日（12月17日）午后，A股放量大幅上攻，创业板指大涨3.39%，创近2个月来最大单日涨幅，深证成指、科创50也均涨逾2%，上证指数、沪深300、上 证50等亦涨超1%，市场成交温和放大至1.83亿元。 银行板块指数午后也一度涨逾1%，多元金融指数由跌近2%转涨逾1%，互联金融同样由跌转涨。翠微股份仅约1分钟垂直涨停，古鳌科技直线20cm封板， 志晟信息、渤海租赁、华金资本等涨幅居前。 | 代码 | 名称 | | 最新 | 涨幅 | | --- | --- | --- | --- | --- | | 399001 | 深证成指 | | 13224.51 | +2.40% | | 000001 | 上证指数 | | 3870.28 | +1.19% | | 399006 | 创业板指 | . | 3175.91 | +3.39% | | 000016 | 上证50 | . | 2991.68 | +1.25% | | 000300 | 沪深300 | . | 4579.88 | +1.83% | | 000688 | 科创50 | œ | 1325.33 | +2.47% | | 899050 | 北证50 ...

通讯员冯云云 12月12日，菏泽迎来入冬以来第一次大范围雨雪降温天气，降雪与剧烈降温给道路交通、农业生产和企业运营等带来严峻挑 战。平安产险菏泽中支迅速启动灾害应急响应机制，启动"事前预防、事中响应、事后理赔"的全流程风险减量管理模式。推动 保险服务由传统被动理赔向主动"风险减量"管理模式转型升级，切实保障群众生命财产安全与社会经济运行的连续性。 在接到气象预警后，平安产险菏泽中支第一时间召开专项应急部署会议，全面盘点应急物资、检修查勘车辆、确保防滑链、拖 车绳、应急帐篷、医疗包等关键物资充足可用。在应急调度方面，公司建立跨区域支援机制，优化案件智能分流规则，结合远 程定损、视频查勘等数字化技术手段，提升事故处理效率，为客户提供更有温度、更高效、更坚实的守护。 针对降雪天气可能导致的理赔案件激增影响，平安产险菏泽中支推出多项服务举措。包括灾前风险预警，开通理赔绿色通道， 24小时报案服务，小额案件线上快赔，免现场、免认定，以服务客户为中心，启动"现场救援+远程处理"联动模式，非必须现场 处理案件全部远程处理，减少客户在严寒天气中的户外等待时间和安全风险。同时安排专人定时通报报案量、结案量，确保每 笔案件有专人 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 今日（12月17日）午后，A股放量大幅上攻，创业板指大涨3.39%，创近2个月来最大单日涨幅，深证成 指、科创50也均涨逾2%，上证指数、沪深300、上证50等亦涨超1%，市场成交温和放大至1.83亿元。 万和证券认为，市场将震荡上行，"反内卷"政策有效推动市场竞争持续优化，扩内需、保民生等政策落 地带来供需关系的改善，建议关注消费行业的投资机会。此外，高技术制造业继续位于扩张区间，且明 显高于制造业总体水平，行业支撑作用持续显现，建议关注受益于政策和业绩驱动的集成电路、商业航 天板块。 市场热点方面，大金融午后集体异动拉升成为市场上涨主要动力。券商股在13：30左右开始放量，板块 指数约40分钟就由绿盘转为大涨近3%。华泰证券盘中一度冲击涨停，股价创2015年6月以来10年半新高 （复权，下同），收盘涨幅收窄至6.09%；兴业证券、广发证券等涨幅居前。 同一时段，保险板块指数也放量拉升，一度涨近4%，创历史新高。板块内所有个股上涨，中国太保、 新华保险逼近历史最高点，中国人寿、中国平安创年内新高。 银行板块指数午后也一度涨逾1%，多元 ...

北京市京师律师事务所孟博律师表示，对于破产受理前已经启动的诉讼或仲裁程序，根据《中华人民共 和国企业破产法》第二十条的规定，人民法院受理破产申请后，已经开始而尚未终结的有关债务人的民 事诉讼或者仲裁应当中止；在管理人接管债务人的财产后，该诉讼或者仲裁继续进行。根据《最高人民 法院关于适用<中华人民共和国企业破产法> 若干问题的规定（三）》第八条的规定，当事人之间在破 产申请受理前订立有仲裁条款或仲裁协议的，应当向选定的仲裁机构申请确认债权债务关系。 11月16日，华夏幸福公告称，收到债权人龙成建设工程有限公司（以下简称"龙成建设"）送达的《告知 函》及河北省廊坊市中级人民法院送达的通知书，龙成建设以公司未按期清偿到期债务且明显缺乏清偿 能力，但具备重整价值为由，向廊坊中院申请对公司进行重整，同时申请启动对公司的预重整程序。目 前，廊坊中院已决定受理此项预重整。 （文章来源：每日经济新闻） 开庭当日，作为被申请人的华夏控股以涉及商业秘密和经营敏感信息为由，请求不公开审理，法官要求 华夏控股书面提交具体事实。申请人平安方面未就是否公开审理发表明确意见，合议庭决定暂停审理。 对于被申请人华夏控股提出的管辖权异议，合 ...

本文源自：市场资讯 作者：行情君 据交易所数据显示，12月17日，中国平安(02318)盘中上涨2.03%，截至13:57，报65.2元/股，成交11.53 亿元。 中国平安保险(集团)股份有限公司是国内金融牌照最齐全、业务范围最广泛的综合金融集团之一，主要 经营保险、银行、资管等综合金融业务和医疗健康业务。公司注重深化"综合金融+医疗养老"服务体 系，提供包含"金融顾问、家庭医生、养老管家"在内的专业服务。 截至2025年三季报，中国平安营业总收入9016.36亿元、净利润1328.56亿元。 ...

中信建投（601066）发布研报称，此前在长端利率趋势下行背景下，由于保险资金整体配置结构中约 75%-80%为固收类资产，市场对上市险企未来长期投资收益的预期较为悲观，也直接对寿险板块估值带 来压制，但近期长端利率呈企稳回升态势，目前10年国债收益率已处于1.8%以上，有望带动上市险企 估值修复。 内险股午后涨幅扩大，截至发稿，中国人寿（601628）(02628)涨4.31%，报28.56港元；中国太保 （601601）(02601)涨3.21%，报35.98港元；新华保险（601336）(01336)涨2.99%，报51.6港元；中国平 安（601318）(02318)涨1.88%，报65.1港元。 国金证券指出，明年大量定存到期，分红险对于低风险偏好、有长期财富保值增值诉求的资金来说具有 吸引力，且在反内卷和分红险转型背景下大公司的市占率将继续提升，预计开门红新单保费和NBV将 实现双位数增长。当前保险估值低位，配置性价比非常高，维持积极推荐。重点推荐开门红预期较好， 以及业务质地较好的头部险企。 ...