证券简称：东北证券 证券代码：000686.SZ 债券简称：25 东北 D3 债券代码：524216.SZ 债券简称：25 东北 D4 债券代码：524377.SZ 债券简称：25 东北 D5 债券代码：524379.SZ 债券简称：25 东北 D6 债券代码：524413.SZ 债券简称：25 东北 C1 债券代码：524185.SZ 债券简称：25 东北 C2 债券代码：524230.SZ 债券简称：25 东北 KC01 债券代码：524299.SZ 债券简称：25 东北 C3 债券代码：524362.SZ 债券简称：25 东北 C4 债券代码：524407.SZ 债券简称：25 东北 C5 债券代码：524430.SZ 债券简称：25 东北 C6 债券代码：524500.SZ 长城证券股份有限公司 关于东北证券股份有限公司公开发行公司 债券临时受托管理事务报告 债券受托管理人 （深圳市福田区福田街道金田路 2026 号能源大厦南塔楼 10-19 层） 签署时间：2025 年 12 月 1 声 明 本报告依据《公司债券发行与交易管理办法》、《公司债券受托管理人执业 行为准则》、《东北证券股份有限公司 20 ...

上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 对于三大指数的直线拉升，有经验的股民一眼就看出是券商等大金融板块发力了。 今天的A股，绝对突发！原本震荡的行情，到了下午一点半的时候，市场遭到资金"偷袭"，直 线暴力拉升，让人目瞪口呆！ 全市场的股民都在问："究竟发生了什么事情？" 那么，按照惯例，这么大幅的波动，一定会找到原因跟大家汇报。 首先，午后13:30，在毫无征兆的情况下，三大指数直线拉升。 富时中国A50指数期货也同步直线拉升！ | | | 自选 返回 中国平安 601318 LR300 | | | | --- | --- | --- | --- | --- | | 0 | 62.00 | | 61.43 2.88 4.92% | | | | 60.00 | 斯 | 版 | 撒 | | | | 卖五 | 61.49 | 131 | | | 58.00 | 卖四 | 61.48 | ਰੇ ਦੇ | | | | 卖三 | 61.47 | 3C | | | 56.00 | 一 | 61.46 | 3 તે | | | | 重- | 61.45 | 84 | 午后 ...

【导读】突然大涨，原因是什么？ 中国基金报记者 泰勒 兄弟姐妹们啊，今天的A股，绝对突发！原本震荡的行情，到了下午一点半的时候，市场遭到资金"偷袭"，直线暴力拉升，让人目瞪口呆！ 全市场的股民都在问："究竟发生了什么事情？" 那么，按照基金君的惯例，这么大幅的波动，泰勒一定会找到原因跟大家汇报。 首先，午后13:30，在毫无征兆的情况下，三大指数直线拉升。 富时中国A50指数期货也同步直线拉升！ 对于三大指数的直线拉升，有经验的股民一眼就看出是券商等大金融板块发力了。 | 最高: 3907.78 | 今开: 3873.12 | 成交量: 5.00亿手 | 换手:1.10% | | --- | --- | --- | --- | | 最低: 3863.31 | 昨收: 3875.79 | 成交额:7167.42亿 | 量比:1.05 | | 52周最高: 4034.08 | 上涨:1334 | 振幅: 1.15% | 平盘:48 | | 52周最低: 3040.69 | 下跌:358 | 总市值:63.13万亿 | | | 最高: 3115.81 | 今开:3084.22 | 成交量: 1.97亿手 | 换手: ...

午后，保险、证券、互联网金融等大金融板块持续拉升。瑞达期货直线拉升封板，中银证券涨停，兴业证券涨超7%，湘财股份、东方财富、东北证券、 华泰证券跟涨。 | | | 明细 ▲ ר | | --- | --- | --- | | | | 13:56 13.94 ୧୫ | | 证券 | | | | 1629.39 2.76% | | | | 基金 成分股 | 简况(F10) | 资金 分析 新闻 | | 毛部 龙头股 | 3日内有涨停 | 连板 连续3日主力净泥 | | 名称/代码 | 最新 ◆ | 涨幅 ◆ 5日涨幅 ◆ ▶ | | 中银证券 | 13.94 | +10.02% +7.89% | | 601696 融 | | | | 领涨龙头2 首板 最终涨停13:54 | | | | 兴业证券 | 7.35 | +7.77% +7.83% | | 601377 融 | | | | 领涨龙头1 | | | | 湘财股份 | 11.84 | +5.81% +4.97% | | 600095 融 | | | | 东方财富 | 23.46 | +4.78% +0.26% | | 创 300059 融 | | | | 人 ...

（文章来源：每日经济新闻） 每经AI快讯，12月5日，券商股持续走强，中银证券触及涨停，兴业证券涨超6%，湘财股份、东方财 富、东北证券、华泰证券跟涨。 ...

东北证券研报指出，恺英网络公告旗下杭州极逸人工智能科技有限公司与北京零一万物科技有限公司正 式宣布达成深度合作，双方将聚焦游戏产业大模型联合研发，依托恺英网络在游戏领域的深厚积淀与零 一万物的AI技术优势，推动"游戏+AI"全链条深度融合。AI前瞻布局，26Q1计划上线全球首款3D AI智 能陪伴应用 EVE。公司旗下AI 玩具《暖心谷梦游记》具备情绪识别、体感互动、智能交流功能，将于 12 月8 日晚8 点开始预售。公司25Q3 盈利能力进一步提升，系高毛利业务收入高增、费用优化以及政 府补助获取。新游储备丰富，深耕优质成熟IP；传奇盒子收入高增，进一步聚拢传奇生态流量。首次覆 盖，给予"买入"评级。 ...

东北证券恢复对快手科技的买入评级。 ...

Report Summary - The new Yalta system has been substantially established, with the global governance plan divided into two parts: the US's "New Monroe Doctrine" leads to strategic contraction, while China's "Community with a Shared Future for Mankind" emphasizes unity with Southern countries [1]. - In the bipolar world order, five global trends are worth noting: supply chain regionalization, debt - driven growth, political right - shift in the Western world, the decline of the US dollar hegemony, and the decreasing strategic significance of the First Island Chain and the First Continental Chain. Long - term optimism is held for precious metals and industrial metals, and pessimism for the US dollar [2]. - In 2026, three macro - events need attention: Sino - US economic and trade relaxation, the potential end of the Russia - Ukraine war, and the US mid - term elections. For China, exports may still be the economic highlight [3]. Group 1: Evolution of the Yalta System - After WWI, the global political pattern evolved through four stages: the "Versailles System" (1919 - 1939), the "Yalta System" (1945 - 1991), the "Post - Yalta Era" (1991 - 2024), and the "New Yalta System" starting from 2025 [19][23][25]. - The new Yalta system is characterized by the division of governance between China and the US. The US has shifted from strategic expansion to strategic contraction, and the global governance plan has changed from one in the old Yalta system to two [33][36]. Group 2: US Strategic Contraction - The US officially entered the strategic contraction phase during Trump's first term. Trump's "America First Strategy" is a return to realism and the protection of national interests [41]. - The meaning of G2 has changed. In the Obama era, it implied a "subordinate relationship" between the US and China, while in the Trump era, it implies a more "divide - and - rule" approach [49]. - Trump is more like Nixon than Reagan as he tries to seize power from Wall Street financial capital. He pretends to be like Reagan to gain capital support [54]. - Although Trump may cause political and social unrest in the US, he is unlikely to become the US's Gorbachev. If he changes the US's economic foundation, he may be a "hero" for the US [56]. - Trump's actions have led to the deterioration of the US's internal order, including the qualitative change of the two - party system, the failure of the separation of powers, and the continuous testing of the president's power boundaries [61][64]. - Trump's "New Monroe Doctrine" has led to the reconstruction of the global order. The US focuses on domestic affairs, strongly controls neighboring countries, maintains a surface - level control over Latin America, and retreats from Western Hemisphere allies [70]. Group 3: Long - term Trends in the Bipolar World - Supply chain regionalization will lead to one pole being unable to get out of inflation and the other out of deflation [84]. - The global economy will enter a debt - driven growth phase, with fiscal expansion as a long - term trend. Monetary policy will become subordinate to fiscal policy [87]. - The political spectrum in the Western world has shifted to the right since 2021, while the Eastern camp remains relatively stable [95]. - The US dollar hegemony is in decline. The US is trying to solve the US debt liquidity problem by issuing US debt stablecoins, but this may lead to the collapse of the US dollar credit in the long run [103]. - The strategic significance of the First Island Chain and the First Continental Chain is decreasing, and the economic integration of Northeast Asia is irresistible [111]. Group 4: Key Macro - events in 2026 - There will be a one - year window period for Sino - US economic and trade relaxation. The US will accelerate the independence of rare earth and chip supply chains, and China will accelerate the autonomy of high - end chip supply chains [3]. - The Russia - Ukraine war may end, with the US and Russia jointly reaping benefits from Ukraine. Russia's possible entry into the G8 does not necessarily mean it is unfavorable to China [3]. - In the US mid - term elections, the president's party is likely to lose the House of Representatives, which will hinder policy implementation and intensify partisan opposition [3]. - For China, exports may still be the economic highlight in 2026, driven by the repair of the trade environment, European re - armament, and post - war reconstruction in Russia and Ukraine [3]. Group 5: Asset Judgments - Long - term optimism is held for precious metals and industrial metals, and pessimism for the US dollar. A cautious view is taken on oil prices [117].

Group 1 - The number of shareholders for Northeast Securities as of November 30 is 93,269, a decrease of 7,259 from the previous period, representing a month-on-month decline of 7.22% [2] - The closing price of Northeast Securities is 9.21 yuan, with a slight increase of 0.11%, but the stock has cumulatively decreased by 3.96% since the concentration of chips began [2] - The latest margin trading data shows that as of November 28, the total margin balance is 1.385 billion yuan, with a financing balance of 1.38 billion yuan, reflecting a decrease of 48.5883 million yuan, or 3.40%, since the concentration of chips began [2] Group 2 - For the first three quarters, Northeast Securities achieved an operating income of 3.861 billion yuan, a year-on-year increase of 38.83%, and a net profit of 1.067 billion yuan, a year-on-year increase of 125.21% [2] - The basic earnings per share is 0.4600 yuan, and the weighted average return on equity is 5.47% [2]

Group 1 - Northeast Securities executed a block trade on December 1, with a transaction volume of 10.70 million shares and a transaction value of 98.44 million yuan, at a price of 9.20 yuan, which represents a discount of 0.11% compared to the closing price of the day [2][3] - The buyer of the block trade was CITIC Securities Co., Ltd. Beijing Shouti South Road Securities Business Department, while the seller was an institutional proprietary trading department [2][3] - Over the past three months, the stock has recorded a total of four block trades, with a cumulative transaction value of 172 million yuan [2] Group 2 - The closing price of Northeast Securities on the day of the block trade was 9.21 yuan, reflecting a slight increase of 0.11%, with a daily turnover rate of 1.84% and a total transaction amount of 394 million yuan [2] - The stock experienced a net outflow of main funds amounting to 16.52 million yuan throughout the day, and over the past five days, the stock has increased by 3.48% with a total net outflow of 61.11 million yuan [2] - The latest margin financing balance for the stock is 1.38 billion yuan, which has decreased by 54.78 million yuan over the past five days, representing a decline of 3.82% [3]