本报讯 （记者毛艺融）12月18日，香港交易所刊发咨询文件，就优化香港证券市场每手买卖单位框架 的建议咨询市场意见，以提升交易、结算及交收效率。咨询为期12周，将于2026年3月12日结束。 香港交易所表示，已全面检视现行的每手交易机制，并就简化每手买卖单位框架咨询市场意见。适用证 券（包括股票及房地产信托基金）的每手股数将整合为8种标准选项；此外，每手价值的指引下限将显 著下调，并将增设每手价值的指引上限。 香港交易所市场主管余学勤表示："建议旨在简化交易运作，吸引更多投资者参与买卖，同时兼顾香港 金融市场的需要和特点。将每手股数的种类从目前超过40种减至8种，既有助精简交易及营运程序，又 能为发行人保留灵活性，并支持我们逐步迈向统一每手股数的长远目标。" 主要建议包括：标准化每手股数有8种每手股数可供发行人选择：1股、50股、100股、500股、1000股、 2000股、5000股和10000股。 标准化的每手股数旨在为不同价格区间的发行人提供选择，同时减少对发行人的影响及减少产生碎股。 若实施相关建议，预计约25%的发行人须调整其每手股数。每手价值的指引下限和上限每手价值的指引 确保不会因为每手价值过低 ...

值得注意的是，力天影业披露截至2025年6月30日的18个月财政年度业绩。根据公告，力天影业在此期 间录得收益约1.33亿人民币，净亏损高达约5.54亿元人民币。巨亏主要由于其持有的部分剧集版权无法 及时播出变现，产生巨额减值亏损；公司部分已出售剧集款项难以收回，亦产生应收款减值亏损。 消息面上，力天影业近期出现存仓异动。香港联交所最新资料显示，12月1日，力天影业股东将股票由 凯基证券亚洲转入大华继显(香港)，转仓市值505.08万港元，占比7.42%。 力天影业(09958)盘中跌超27%，截至发稿，跌24.64%，报0.26港元，成交额1238.73万港元，总市值已 不足1亿港元。 ...

首先值得关注的是，五一视界所卡位的物理AI万亿赛道。全球AI领袖黄仁勋曾判断，AI下一波浪潮将 是物理AI，物理AI的市场体量被认为是内容AI的几十倍，成为新一轮产业红利的核心载体。 当下，五一视界凭借长期的技术积累、丰富的成功案例与规模化扩张，已构建起深厚的竞争壁垒。公司 以数字孪生技术为核心底座，构建起连接虚拟与现实的桥梁，为各行业提供基础设施级的赋能。 在AI技术从感知、生成式向"物理AI"(Physical AI)演进的关键节点，于12月18日开启招股的五一视界 (06651)，被冠以"物理AI第一股"的光环获得港股市场目光的聚焦。 作为中国物理AI赛道领先科技企业，五一视界长期围绕3D图形、模拟仿真及人工智能三大领域的技术 进行大量投资，已推出三大核心业务，分别为51Aes(数字孪生平台)、51Sim(合成数据与仿真平台)及 51Earth(数字地球平台)。在AI产业向纵深发展、物理AI赛道崛起的背景下，这家拥有明星股东背书、技 术力领先的企业，正迎来成长与估值的双重机遇。 更为核心的看点在于，五一视界的价值，如今在资本市场已获得极具分量的认可。其是今年最明星的 GPU概念股——有"中国英伟达"之称 ...

凤凰网科技讯12月18日，小鹏汽车法务部发文称，近期，小鹏汽车发现存在不法分子通过非法盗电设备、注册虚假用户账号等手段，实施或参与"盗电"行 为。针对上述违法行为，小鹏汽车已向公安机关正式报案，目前部分案件已成功侦破，主要犯罪嫌疑人因涉嫌盗窃罪、诈骗罪已依法到案。 公布的案件文书显示：小鹏汽车充电站电被盗刷一案，符合刑事案件立案标准。经过侦查，该案嫌疑人已经到案，主要犯罪事实已经固定，案件已侦破。 ...

智通财经APP获悉，摩根士丹利发布研报称，中金(03908)公司已公布换股合并细节。换股比率隐含的市 净率（基于2025年第三季度）包括：中金(601995.SH)A股1.8倍，东兴证券(601198.SH)1.8倍（包含26% 溢价），信达证券(601059.SH)3.1倍。重申对中金H股的"增持"评级，以反映协同效应的上行空间和有 限的稀释影响，目标价28.9港元。 大摩还指出，中金的财富管理业务也将显著受益，客户数量预计增加51%至1,470万。合并后，分公司 数量预计将增加78%，达到436家，显著加强中金在福建、浙江和广东等重点区域的布局。管理层对中 金将其领先的财富管理业务拓展至更广泛的客户群，从而提升营收充满信心。 大摩估计，每股净资产稀释将非常有限，约9%，且未宣布额外融资计划。管理层对协同效应和快速整 合充满信心。预计合并后净资本将翻倍，为更多客户驱动的股权业务和投资机会提供支持。中金的资本 杠杆率在合并后可能从12%升至20%；净稳定资金比率亦预计将提升，从而节省部分债券融资成本。 ...

Core Viewpoint - The gold mining sector is experiencing increased attention due to rising gold prices, but companies face supply constraints that limit the realization of industry profits. Companies need high-quality resources and the ability to explore and convert resources efficiently to achieve sustainable growth [1][6]. Group 1: Company Developments - Zhaojin Mining (招金矿业) is accelerating its deep exploration strategy, with its subsidiary Ruihai Mining successfully locating concealed ore bodies at depths of up to 3000 meters [1][6]. - Ruihai Mining, as China's first offshore gold mine, has faced numerous industry challenges, particularly in deep-sea exploration where traditional methods struggle with weak mineral control information [1][2]. Group 2: Technological Innovations - Zhaojin Mining has developed a three-dimensional intelligent prediction technology system based on a spatiotemporal attention mechanism deep neural network, in collaboration with professors from Central South University [2][5]. - This innovative technology allows for high-precision predictions of concealed ore bodies under weak information conditions, addressing global challenges in deep-sea exploration [5][6]. Group 3: Exploration Breakthroughs - The new technology has enabled Zhaojin Mining to identify favorable mineralization areas and targets, leading to significant discoveries, including the L12 ore body with a thickness of 25.04 meters and an average grade of 6.59 g/t, and the I-4-3 ore body with a thickness of 11.60 meters and an average grade of 4.10 g/t [5][6]. - The advancements in deep-sea mining present a viable and promising supplementary avenue for gold supply, despite the increased operational challenges compared to land-based mining [5][6]. Group 4: Future Outlook - Zhaojin Mining is currently in a phase of accelerated release of quality production capacity, with new discoveries expected to optimize production infrastructure and support future exploration efforts [6]. - The company is anticipated to continue its growth trajectory into 2025, driven by sustained internal growth and the successful realization of its exploration and production strategies [6].

Core Viewpoint - The gold mining sector is experiencing increased attention due to rising gold prices, but mining companies face supply constraints that limit their ability to capitalize on this trend. Companies need high-quality resources and the capability for continuous exploration to achieve sustainable growth and enhance competitive advantages [1] Group 1: Company Developments - Zhaojin Mining has accelerated its deep exploration strategy, achieving a breakthrough in locating concealed ore bodies at a depth of 3000 meters through its subsidiary, Ruihai Mining [1] - Ruihai Mining is the first marine gold mine in China and has faced numerous industry challenges, including difficulties in large-scale exploration predictions due to weak mineral control information and complex geological factors [1] - Zhaojin Mining has adopted a strategy of integrating infrastructure and exploration, leveraging innovation and technology to overcome existing challenges [2] Group 2: Technological Innovations - Zhaojin Mining has developed a three-dimensional intelligent prediction technology system based on a spatiotemporal attention mechanism deep neural network, in collaboration with professors from Central South University [2] - This innovative technology allows for precise identification and expression of mineral control factors across different scales and locations, enabling high-accuracy predictions of concealed ore bodies under weak information conditions [5] - The new technology has successfully identified favorable mineralization areas and targets at Ruihai Mining, with significant discoveries including the L12 ore body with a thickness of 25.04 meters and an average grade of 6.59 g/t, and the I-4-3 ore body with a thickness of 11.60 meters and an average grade of 4.10 g/t [5] Group 3: Industry Outlook - The deep-sea mining approach presents a viable and promising supplementary method to meet the growing demand for gold, despite the greater challenges posed by complex marine conditions compared to land-based mining [6] - Zhaojin Mining's technological advancements not only address global challenges in deep-sea exploration but also set a benchmark for mineral resource exploration, showcasing the significant impact of technological innovation [6] - The recent discoveries are expected to optimize production infrastructure and provide a scientific basis for future exploration, ensuring a stable supply of resources and driving high-quality development for Zhaojin Mining [6]

每经AI快讯，周大福(01929.HK)跌近3%，截至发稿，跌2.7%，报12.24港元，成交额8288.48万港元。 （文章来源：每日经济新闻） ...

周大福(01929)跌近3%，截至发稿，跌2.7%，报12.24港元，成交额8288.48万港元。 此外，近期周大福系内出现股权架构变动，据港交所披露权益信息显示，郑家纯家族旗下周大福资本将 所持周大福珠宝近54%股权，转让予一家由周大福企业和周大福资本分别持有65%和35%股权的子公司 Beyond Luck Limited持有。此次股权重组旨在强化周大福系资本结构，从而释放业务价值，周大福企业 将成为家族核心业务周大福珠宝、周大福创建及新世界的母公司。 消息面上，继10月底上调后，12月17日，周大福天猫官方旗舰店首页不显眼的位置发布了一条提示：受 市场因素影响，部分商品即将提价。而调价窗口就是12月19日。值得关注的是，如果算上3月份和10月 份的提价，这也是周大福在今年对一口价黄金产品的第三次提价。 ...

消息面上，继10月底上调后，12月17日，周大福天猫官方旗舰店首页不显眼的位置发布了一条提示：受 市场因素影响，部分商品即将提价。而调价窗口就是12月19日。值得关注的是，如果算上3月份和10月 份的提价，这也是周大福在今年对一口价黄金产品的第三次提价。 此外，近期周大福系内出现股权架构变动，据港交所披露权益信息显示，郑家纯家族旗下周大福资本将 所持周大福珠宝近54%股权，转让予一家由周大福企业和周大福资本分别持有65%和35%股权的子公司 Beyond Luck Limited持有。此次股权重组旨在强化周大福系资本结构，从而释放业务价值，周大福企业 将成为家族核心业务周大福珠宝、周大福创建及新世界的母公司。 智通财经APP获悉，周大福(01929)跌近3%，截至发稿，跌2.7%，报12.24港元，成交额8288.48万港元。 ...