钛媒体App 12月26日消息，财政部等四部门发布《进一步发挥政府性融资担保体系作用 加力支持就业 创业的指导意见》提出，积极为创业担保贷款提供担保。政府性融资担保机构对符合条件的高校毕业生 （含大学生村官和留学回国学生）、就业困难人员（含残疾人）、退役军人、脱贫人口、返乡创业农民 工、城镇登记失业人员、刑满释放人员、化解过剩产能企业职工和失业人员、网络商户、农村自主创业 农民等十类重点就业群体以及吸纳其就业的小微企业申请的创业担保贷款，积极提供担保增信服务，重 点支持处于初创期的创业创新小微企业。在具备条件的地方，试点探索由政府性融资担保机构以一般担 保责任模式，为创业担保贷款业务提供担保增信。国家融资担保基金将符合条件的创业担保贷款担保业 务纳入再担保业务范围。（财政部） ...

12月26日，财政部、人力资源社会保障部、中国人民银行、金融监管总局对外发布《关于进一步发挥政 府性融资担保体系作用 加力支持就业创业的指导意见》。这份指导意见进一步发挥政府性融资担保体 系增信分险作用，加强财政金融与就业政策协同联动，加力支持劳动密集型小微企业，助力重点群体创 业带动就业，引导更多金融资源精准支持就业创业。（记者申铖） ...

Group 1 - The Shenzhen Stock Exchange requires Dapu Micro to explain the sustainability of its performance growth, considering industry cycles, market competition, product advantages, cost transmission capabilities, major clients, and existing orders [2] - Dapu Micro is expected to potentially turn profitable by 2026, emphasizing the need for feasibility and prudence in this projection [2] Group 2 - Dapu Micro primarily engages in the research and sales of enterprise-level SSD products for data centers, being one of the few domestic semiconductor storage providers with full-stack self-research capabilities in "main control chips + firmware algorithms + modules" [4] - The company has established a customer base that includes major domestic and international internet, cloud computing, and AI firms such as Google, ByteDance, Tencent, Alibaba, JD.com, Baidu, Meituan, Kuaishou, Deepseek, Xiaohongshu, Didi, as well as leading domestic server manufacturers and major telecom operators [4]

(责任编辑：康博) 中国经济网北京12月26日讯 今日，工银瑞信基金发布关于工银瑞信创业板新能源交易型开放式指 数证券投资基金延长募集期的公告。 公告称，工银瑞信创业板新能源交易型开放式指数证券投资基金的募集经中国证监会许可【2025】 2728号文注册，已于2025年12月22日开始募集，原定认购截止日为2025年12月26日。现决定将该基金的 募集期延长至2025年12月31日，自2026年1月1日（含当日）起不再接受认购申请。其中，网下现金认购 和网上现金认购的日期均为2025年12月22日至2025年12月31日。 该基金拟任基金经理杨广钊2021年加入工银瑞信，曾任指数及量化投资部量化研究员，现任指数及 量化投资部基金经理。 ...

Market Overview - The A-share market experienced fluctuations with the Shanghai Composite Index closing up 0.1% at 3963.68 points, the Shenzhen Component Index up 0.54% at 13603.89 points, and the ChiNext Index up 0.14% at 3243.88 points, while the STAR Market 50 Index fell 0.24% to 1345.83 points [1] - The total market turnover reached 2.18 trillion yuan, with over 3400 stocks declining [1] Sector Performance - The commercial aerospace sector saw a significant surge, with companies like Shenjian Co. achieving a seven-day consecutive rise, and China Satellite and others hitting the daily limit [1][7] - The lithium mining sector also performed well, with Tianji Co. achieving three gains in four days, and several stocks including Fulu Technology and Yongxing Materials hitting the daily limit [1][6] - The Hainan Free Trade Zone concept showed strong activity, with Hainan Development achieving five gains in six days [1][4] - The precious metals and non-ferrous metals sectors rose due to increasing international prices, with companies like Xiaocheng Technology and Jiangxi Copper hitting the daily limit [1][2][3] Institutional Insights - Debon Securities predicts a "slow bull" market for A-shares in 2026, supported by stable indices and ongoing capital market development [8] - Dongwu Securities suggests that while the commercial aerospace sector has shown strong performance, future participation may become challenging, recommending focus on AI applications and key industries related to the 14th Five-Year Plan [9][10] - Huafu Securities anticipates a wave-like market progression, emphasizing technology and transformation as key themes in the ongoing bull market [11] - UBS Wealth Management expects continued upward momentum in the Chinese stock market, driven by advanced manufacturing and technology, with a focus on AI and digital infrastructure [12]

Core Viewpoint - The National Venture Capital Guidance Fund aims to gather various social capital to inject financial resources into emerging and future industries [1] Group 1: Investment Focus - The Guidance Fund will focus on early-stage projects and seed enterprises in key areas such as integrated circuits, artificial intelligence, aerospace, low-altitude economy, biomanufacturing, and future energy [1] - The fund aims to increase investment efforts in innovation and entrepreneurship active regions, encouraging participation from various financial institutions and private capital [1] Group 2: Support Services - In addition to financial support, the Guidance Fund will create a high-quality, comprehensive entrepreneurial investment service system [1] - A national comprehensive service platform will be established to provide portfolio companies with value-added services such as corporate governance, strategic planning, human resources, and industry cooperation [1] Group 3: Funding Structure - The Guidance Fund will utilize long-term special government bond funds, with a total fiscal contribution of 100 billion yuan at the national level [1] - The fund will actively encourage social capital participation at the regional fund and sub-fund levels [1]

Market Performance - The A-share market indices continued to rise, with the Shanghai Composite Index recording an 8-day increase, while the Shenzhen Component Index and the ChiNext Index saw a 6-day increase [1] - As of the market close, the Shanghai Composite Index rose by 0.1% to 3563 points, the Shenzhen Component Index increased by 0.54%, and the ChiNext Index gained 0.14% [1] - The total market turnover reached 2.18 trillion yuan, an increase of 237.2 billion yuan compared to the previous trading day, with over 3400 stocks declining [1] Sector Performance - The Hainan sector surged, benefiting from zero tariffs on imports in the first week of Hainan's customs closure, with over 400 million yuan worth of goods enjoying these benefits; stocks like Hainan Mining and Hainan Airlines hit the daily limit [1] - The lithium mining sector also saw gains, with Yongxing Materials hitting the daily limit [1] - Precious metals and non-ferrous metals sectors rose due to continued increases in international gold, silver, and copper prices, with companies like Xiaocheng Technology rising over 10% and Jiangxi Copper hitting the daily limit [1] - Other sectors that performed well included commercial aerospace, minor metals, titanium dioxide, and fluorochemical industries [1] - Conversely, the paper-making sector experienced a pullback, with Jiangtian Technology dropping over 12%; the lidar sector declined, with multiple stocks falling over 5%; and the photolithography (gel) sector weakened, led by Shuangle Co. [1] Fund Flow and Performance - The top sectors by net capital inflow included forestry, precious metals, chemical fiber industry, engineering machinery, and trade, with respective 5-day increases of 3.70%, 3.50%, 2.71%, 3.02%, and 2.18% [2]

Core Viewpoint - The Guangdong-Hong Kong-Macao Greater Bay Area Venture Capital Guiding Fund has been established with a target size of 50.45 billion yuan, aiming to support early-stage technology enterprises and promote technological innovation [1] Group 1: Fund Overview - The fund has a maximum duration of 20 years and is managed by Shenzhen Capital Group, with joint general partners being Shenzhen Capital and China Resources Capital [1] - The fund's investment strategy focuses on "early, small, long-term, and hard technology" through a dual approach of "sub-funds + direct investment" [1] Group 2: Investment Focus - The fund primarily targets seed and early-stage technology companies in strategic emerging industries and future industries [1] - It aims to support original and disruptive technological innovations and key core technology breakthroughs, facilitating the transformation of major scientific and technological achievements into productive forces [1] Group 3: Strategic Role - Shenzhen Capital Group emphasizes the role of Shenzhen as a "bridgehead" for reform and opening up, encouraging diverse market participants to engage [1] - The fund aims to leverage professional and market-oriented fund management advantages to cultivate new productive forces tailored to local conditions [1]

Core Viewpoint - The National Development and Reform Commission announced the establishment of three regional venture capital guiding funds, each with a total scale exceeding 50 billion yuan, aimed at promoting innovation and supporting emerging industries in China [1][2]. Group 1: Fund Structure and Management - The national venture capital guiding fund is structured in a "fund company - regional fund - sub-fund" three-tier architecture [1]. - The Beijing-Tianjin-Hebei venture capital guiding fund will be managed by China Investment Corporation's subsidiary, China International Capital Corporation [1]. - The Yangtze River Delta venture capital guiding fund will be managed by the National Investment Group's subsidiary, Guotou Chuanghe [1]. - The Guangdong-Hong Kong-Macau Greater Bay Area venture capital guiding fund will be managed by Shenzhen Capital Group [1]. Group 2: Regional Fund Objectives - The Beijing-Tianjin-Hebei fund aims to mobilize central financial enterprises and enhance the role of banks, insurance, and securities in supporting technological finance [1]. - The Yangtze River Delta fund is expected to act as a driving force for high-quality development, gathering various social capital to empower regional sci-tech enterprises [1]. - The Greater Bay Area fund will leverage Shenzhen's role as a reform and opening-up hub, encouraging diverse market participants to engage [1]. Group 3: Investment Plans - The first three regional funds are ready to commence operations, having signed investment intentions with 49 sub-funds and 27 direct investment projects [2]. - The guiding fund aims to establish over 600 sub-funds across the three regions to support the development of emerging and future industries [2].

白京羽表示，引导基金的定位是"四个坚持"。 "一是坚持做早期基金。引导基金将种子期、初创期、早中期企业作为投资重点，支持企业聚焦前沿领 域开展原创性、颠覆性的技术攻关，为企业搭建成果转化的平台和桥梁，促成资本与创新的'双向奔 赴'。"他说，二是坚持做耐心基金。引导基金设置20年存续期，其中10年投资期、10年退出期，这样通 过更长久的投资期限，为企业提供长周期的资金供给；又通过更宽松的退出时限，为企业提供更多的发 展空间。 新华财经北京12月26日电（记者余蕊）国家发展改革委创新和高技术发展司司长白京羽26日在专题新闻 发布会上表示，国家创业投资引导基金发挥中央资金引领带动作用，广泛吸引地方政府、中央企业、金 融机构、民间资本等多方参与，形成万亿资金规模，通过投基金、投企业、投项目，加大对战略性新兴 产业和未来产业支持力度，加快培育和发展新质生产力。 今年3月，国家发展改革委主任郑栅洁在全国两会经济主题记者会上提出"组建国家创业投资引导基金， 聚焦硬科技、坚持长周期、提高容错率，通过市场化方式投向科技型企业。"近日，国家创业投资引导 基金以及3只区域基金完成工商注册，3只区域基金与首批49个子基金以及27个项 ...