报道称，卡雷曼斯原计划于12月访问中国，就恢复芯片供应和所谓安全问题进行进一步磋商。 卡雷曼斯在信中称，尽管此次访问暂时取消，但如果围绕安世半导体问题的形势需要，他仍会在近期前 往中国，新的日期尚待确定。他还写道："我也就此与中方达成共识。" 卡雷曼斯预计将于当地时间4日前往荷兰议会出席有关安世半导体事件的辩论。据悉，此次辩论是应议 会的明确要求，安排在卡雷曼斯原定的访华日期之前进行。 【文/观察者网 齐倩】 据《电讯报》等荷兰媒体和路透社消息，当地时间12月2日，荷兰经济事务大臣卡雷曼斯致信荷兰议会 称，他已取消原定12月对中国的访问，理由是因日程安排冲突。 路透社指出，安世半导体的芯片虽然并非尖端产品，但其产量巨大，主要在德国汉堡生产，然后运往中 国进行封装与组装工序，最终销往全球汽车行业，宝马和大众等汽车制造商均为其客户。 9月30日，荷兰政府以所谓"国家安全"为由，援引《货物可用性法案》"强行接管"中国半导体领军企业 闻泰科技的全资子公司安世半导体，但直至10月12日才对外公开。 荷兰政府强抢中资企业的举措引发全球汽车供应链"大地震"，美国、欧洲和日本等地的汽车制造商均面 临芯片供应危机，多家汽车企业 ...

国际新闻 俄工贸部长：前10个月俄罗斯汽车产量下降12% 12月1日，乘联分会发布2025年10月乘用车区域市场流向分析称，今年大部分地区"两新"补贴政策的扶贫和公平性较好，经 济型车受益于补贴较大。其指出，随着国家对报废更新和以旧换新补贴的推进，新能源车相对燃油车获得更高的补贴优势。由 于中低端的新能源车价格相对比较低，在补贴相对均等情况下，消费者的购买热情也得到有利的释放。 内蒙古乌海半固态锂电池储能项目成功并网发电 近日，据央视新闻消息，位于内蒙古乌海的20万千瓦、80万千瓦时半固态电池储能项目实现并网发电，项目不仅刷新了我 国已并网半固态锂电池储能项目的装机规模纪录，更标志着我国半固态储能技术从示范应用迈入大规模商业化运营的关键阶 段。 国内新闻 乘联分会：补贴政策鼓励中低端，经济型车回暖 俄罗斯工贸部长安东·阿里汗诺夫日前表示，今年1-10月俄罗斯所有细分市场的汽车产量超过67.7万辆，较去年同期下降 12%，反映出俄罗斯汽车行业面临的严峻挑战。 欧盟将公布减少对中国原材料依赖的计划 当地时间11月30日，路透社报道称，欧盟委员会将于12月3日公布一系列措施，试图减少欧盟对中国关键原材料的所谓"过 ...

策 略 研 究 策略研究 / [Table_Date] 2025.12.01 2025-12-01 每周海内外重要政策跟踪（25/11/28） 本报告导读： 覆盖国内宏观（中央及各部委政策及表态）、大类产业、地方政策、以及海外重要 政策和事件。 投资要点： [Table_Summary] 国内宏观：11 月 24 日，中华全国供销合作社第八次代表大会召开； 央行公告将于 11 月 25 日开展 10000 亿元 MLF 操作，净投放达 1000 亿元。11 月 25 日，第十四届全国减轻企业负担政策宣传周启动； 国家数据局启动首批 12 家国有企业数据资源开发利用试点。11 月 26 日，商务部等六部门印发《关于增强消费品供需适配性进一步促 进消费的实施方案》的通知；国家发改委公布《信用修复管理办法》。 11 月 27 日，国务院总理李强主持召开国务院常务会议；国务院新 闻办公室发布《新时代的中国军控、裁军与防扩散》白皮书；国家 发展改革委举行 11 月份新闻发布会，回应"两重"建设、"十五五"规 划、基础设施 REITs 扩围等问题。 海 外 策 略 研 究 请务必阅读正文之后的免责条款部分 证 券 研 究 ...

【文/观察者网 潘昱辰 编辑/高莘】据路透社报道，闻泰科技（维权）11月28日表示，已就荷兰阿姆斯 特丹企业法院剥夺其子公司安世半导体控制权的决定向荷兰最高法院提起上诉。 闻泰科技表示，安世荷兰公司正在回避其"合法控制权"问题，使谈判难以维持，而阿姆斯特丹企业法院 在荷兰政府的影响下，仅在一天时间内就作出单方面裁决，却没有听取闻泰科技的论点，这是不恰当 的。 不过路透社报道称，预计荷兰最高法院在今年内不会做出裁决。 同样在11月28日，安世中国发布声明，称安世荷兰此前官网发布所谓"致安世中国领导层的公开信"枉顾 事实，试图混淆视听，给市场带来极大误导性。 安世半导体生产的晶圆 视觉中国 安世的大部分晶圆在欧洲生产，其后大部分晶圆运往中国进行包装和分销。此前，安世荷兰以未付款为 由停止向安世中国供应晶圆。这一系列争端导致了汽车电气系统中广泛使用的芯片短缺。 安世中国表示，安世荷兰除中断向安世中国供应晶圆外，还不按约定向安世中国拨付资金，包括但不限 于拒绝履行多份合同下超过10亿元人民币的服务费，以及拖欠安世中国员工工资、公开发函无端污蔑安 世中国产品质量存在问题，涉嫌恶意损害我方商业信誉，以及在全球供应商大会上 ...

截至2025年12月1日 14:39，中证智能汽车主题指数(930721)强势上涨2.20%，成分股广和通(300638)上涨20.01%，北京君正(300223)上涨17.04%，美格智能 (002881)上涨10.00%，移远通信(603236)，沪光股份(605333)等个股跟涨。智能汽车ETF基金(159795)上涨2.14%， 冲击3连涨。最新价报1.05元。拉长时间 看，截至2025年11月28日，智能汽车ETF基金近1周累计上涨3.63%。（以上所列股票仅为指数成份股，无特定推荐之意） 流动性方面，智能汽车ETF基金盘中换手2.45%，成交92.69万元。拉长时间看，截至11月28日，智能汽车ETF基金近1周日均成交240.28万元。 消息面上，12月1日，零跑汽车称，11月，零跑全系交付再创新高达70327台，同比增长超75%，持续刷新月销纪录，并已连续九个月保持增长态势。零跑汽 车10周年发布会将于12月28日举行。 小米集团于11月22日宣布正式发布并全面开源其具身大模型MiMo-Embodied，该模型为业界首个成功打通自动驾驶与具身智能的跨域具身基座模型，实现了 两大领域任务的统一建模 ...

Group 1 - Artificial intelligence (AI) has become an essential element across various industries, driving significant transformations and promoting high-quality economic development [1] - The "AI+" initiative is being accelerated by multiple policy measures in China, with a focus on developing new intelligent terminals and applications [1] - By 2027, China aims to establish three trillion-level consumption sectors and ten hundred-billion-level consumption hotspots, encouraging the development of AI-enabled products [1] Group 2 - The AI sector is projected to contribute over one hundred trillion yuan to the global economy by 2030, marking it as a key growth driver [2] - The intelligent agent market is expected to reach 3.3 trillion yuan by 2028, with China's AI terminal market sales projected to reach 1.48 trillion yuan by 2030, reflecting a compound annual growth rate of 37.33% from 2024 to 2030 [2] Group 3 - There are over 260 AI-related concept stocks in the A-share market, with 17 stocks having doubled in value this year [3] - Among AI application concept stocks, 80 have reported a net profit growth of over 20% year-on-year in the first three quarters, with 22 stocks expected to maintain a net profit growth rate exceeding 20% from 2025 to 2027 [3] - Many of the high-growth potential AI application stocks have significant upside potential, with 15 stocks showing an upside of over 20% [3] Group 4 - Wen Tai Technology has an upside potential of 62.57%, with a net profit of 1.513 billion yuan in the first three quarters, reflecting a year-on-year growth of 265.09% [4] - Yu Chip Technology has an upside potential of 56.36%, achieving a net profit of 152 million yuan, a year-on-year increase of 113.85% [4] - Yutong Optical has an upside potential of 50.79%, with a net profit of 188 million yuan, growing by 40.99% year-on-year [4]

如果您希望可以时常见面，欢迎标星收藏哦~ 闻泰科技关于安世半导体控制权争议及全球芯片产业链稳定的官方声明 Wingtech's Official Statement on the Dispute over the Control of Nexperia and the Stability of the Global Semiconductor Supply Chain 我方注意到安世荷兰于11月27日致安世中国领导层的公开信，该信中存在大量混淆视听的不实指控 和虚假信息，并进一步反映了安世荷兰推卸责任、回避问题，缺乏妥善解决此次事件的诚意。在当 前全球芯片产业链面临动荡与风险的局面下，作为安世半导体的唯一合法股东，同时也是深耕半导 体产业、始终致力于维护全球产业链稳定的企业，闻泰科技郑重发布声明如下： We have taken note of the open letter dated November 27 sent by Nexperia B.V. to the leadership of Nexperia's entities in China. The letter contains a large ...

Core Viewpoint - The statement from the company emphasizes the ongoing control dispute over Anshi Semiconductor and its implications for the global semiconductor supply chain stability, attributing the chaos to the actions of the Dutch side [1][3]. Group 1: Control Dispute - The company asserts that the control and shareholder rights of Wentech Technology as the sole legal shareholder of Anshi Semiconductor have been unlawfully stripped by Anshi Netherlands through improper litigation, which is a root cause of the current instability in the global semiconductor supply chain [3][4]. - The company highlights that Anshi Semiconductor plays a critical role in the global semiconductor supply chain, with its products being essential for various sectors, including electric vehicle power control systems and industrial automation [3][4]. Group 2: Communication and Negotiation - The company denies claims made by Anshi Netherlands regarding a lack of substantial response from the Chinese side, stating that it has actively sought constructive communication to resolve the control dispute since it began [3][4]. - The company criticizes Anshi Netherlands for avoiding the core issue of restoring control rights and instead focusing on discussions about "corporate governance" and "cooperation" without addressing shareholder rights [4]. Group 3: Call to Action - The company urges Anshi Netherlands to cease misleading actions and to acknowledge the fundamental issue of the control dispute that is causing supply chain chaos, while also calling for constructive solutions to restore legal control rights [4]. - The company expresses its commitment to maintaining global semiconductor supply chain stability and encourages all parties to rationally assess risks in the complex international environment [4].

Core Points - The Shanghai Stock Exchange announced adjustments to various indices, including the Shanghai 50 and Sci-Tech 50, effective December 12, with specific stocks being added and removed from these indices [1][5][9] - The Shenzhen Stock Exchange will also adjust its indices, including the Shenzhen Component Index and ChiNext Index, with changes effective December 15 [5][7] - The China Securities Regulatory Commission (CSRC) is drafting regulations to promote the development of Real Estate Investment Trusts (REITs) and improve the capital market [9][10] Company News - Oriental Precision Engineering plans to sell its 100% stake in Fosber Group and two other companies for a total of €774 million, which is expected to constitute a major asset restructuring [13] - ST Lifan announced a temporary suspension of its stock trading due to serious financial misconduct, with potential delisting implications if confirmed [14] - Chaozhuo Aerospace reported a share transfer agreement that will change its controlling shareholder to a state-owned entity [15] - Cambrian Technologies appointed Chen Tianshi as the new chairman of its board, holding a significant share of the company [20] Industry Insights - The Ministry of Industry and Information Technology highlighted the rapid growth of China's power and energy storage battery industry, emphasizing the need for regulatory measures to address irrational competition and enhance quality control [11][21] - The semiconductor industry is facing challenges, with a focus on the control dispute involving Wentai Technology and its subsidiary, which is critical for global supply chain stability [16][17][18]

Group 1: Hong Kong Fire Incident - The fire in Tai Po, Hong Kong has resulted in 128 fatalities and 79 injuries, with an investigation expected to take three to four weeks [7][6][8] - The Hong Kong Independent Commission Against Corruption has established a special task force to investigate potential corruption related to the renovation project, leading to the arrest of 8 individuals [6][8] - The Hong Kong government will lower flags to half-mast from November 29 to December 1 to mourn the victims of the fire [6][8] Group 2: Stock Market Performance - U.S. stock indices have risen for the fifth consecutive trading day, with the Nasdaq up 0.65%, the Dow Jones up 0.61%, and the S&P 500 up 0.54% [4][6] - Major tech stocks saw significant gains, with Intel rising 10%, marking its largest single-day increase since September 18 [4][6] - Chinese concept stocks also performed well, with the Nasdaq Golden Dragon China Index up 0.54% [4][6] Group 3: Commodity Market Updates - International precious metals futures saw significant increases, with COMEX gold futures rising 1.59% to $4256.4 per ounce and COMEX silver futures rising 6.06% to $57.085 per ounce, reaching a historical high [2][4] - LME copper prices surged by 2.5%, reaching approximately $11,210 per ton, also a historical high [2][4] Group 4: Banking Sector Response - Several banks in Hong Kong have pledged financial support for disaster relief and reconstruction efforts following the Tai Po fire, with major banks announcing donations and emergency services for affected customers [8] Group 5: Regulatory Developments - The China Securities Regulatory Commission is seeking public opinion on a draft announcement for the pilot of commercial real estate investment trusts (REITs) to enhance the quality of the market [10] - The China Securities Regulatory Commission has released a draft for public consultation regarding the implementation of supervision measures in the securities and futures market [11] Group 6: Corporate News - Guizhou Moutai has elected Chen Hua as the chairman of its board and announced a share buyback plan with a budget of between 1.5 billion and 3 billion RMB [18] - Wenta Technology has issued a statement regarding the control dispute with Nexperia, urging for constructive dialogue to stabilize the global supply chain [19] - Airbus has announced that approximately 6,000 A320 aircraft require urgent software updates due to safety concerns, leading to flight cancellations by several airlines [20]