来源：黑龙江日报 黑龙江日报消息，12月16日，黑龙江省委书记许勤在哈尔滨会见宇树科技股份有限公司董事 长兼首席执行官、首席技术官王兴兴。 许勤对王兴兴到访表示欢迎，对宇树科技在人工智能领域取得的成就表示赞赏。 他指出，人工智能是引领新一轮科技革命和产业变革的重要驱动力。黑龙江认真贯彻习近平 总书记重要讲话重要指示精神，大力发展数字经济，推进算力基础设施建设，全面实施"人工 智能+"行动，加快培育新质生产力。我们欢迎宇树科技在黑龙江省布局人工智能产业，围绕 大模型、绿色算力、人机交互、具身智能等领域，深化技术创新、市场应用和产业培育合 作，突破更多前沿技术、取得更多原创成果，赋能龙江全面振兴，服务科技强国建设。 王兴兴介绍了宇树科技研发运营情况。他表示，黑龙江发展人工智能有良好基础和明显优 势。宇树科技同黑龙江高校和科研院所一直保持密切联系，将积极对接黑龙江优质创新资 源，在人工智能研发、生产、测试等领域生成更多合作项目，助力黑龙江高质量发展。 黑龙江省领导徐向国，哈尔滨市市长王合生和省直有关部门负责同志参加。 委内瑞拉向中方通 报 ...

Group 1: Major News - Hainan Free Trade Port officially starts full island closure [1] - CICC announces share swap merger plan with Dongxing Securities and Xinda Securities, with stocks resuming trading [1] - Wanlong Optoelectronics plans significant asset restructuring and resumes trading [1] Group 2: Financial Data - From January to November, national tax revenue reached 4,044 billion yuan, with stamp duty revenue at 1,855 billion yuan, a year-on-year increase of 70.7% [2] - Government fund budget expenditure for the same period was 9.21 trillion yuan, up 13.7% year-on-year [2] Group 3: Company News - CICC, Dongxing Securities, and Xinda Securities announced major asset restructuring plans, with stocks resuming trading on December 18 [5] - Fengxing Co. plans to acquire 75% of Baiyin Huaxin's shares through a share issuance, marking a significant asset restructuring [5] - Wanlong Optoelectronics intends to acquire 100% of Zhongkong Information's shares, aiming to enhance its infrastructure digitalization business [6] - Pulutong plans to acquire 100% of Leqi Cayman and 8.26% of Hangzhou Lemai's shares, indicating a significant asset restructuring [6] - Xiaosong Co. is transferring 9.25% of its shares to Jiasheng Times, resulting in a change of control [7] - Lianchuang Electronics is planning a potential change in control through a share transfer [8] - Shanghai Airport signed a duty-free store operation rights transfer contract, effective from January 1, 2026 [8] - Huayi Brothers reported a reduction in shareholding by Alibaba's investment arm, stabilizing the company's equity structure [8] - Fenglong Co. is planning a change in control, with stock suspension expected [9] - Meike Home is planning to acquire control of Shenzhen Wandeng Guangdian Technology Co., with stock suspension expected [10] Group 4: Industry Insights - Huatai Securities reports that domestic consumption is expected to continue a mild recovery, highlighting structural opportunities in domestic brands and AI+ consumption [11] - Galaxy Securities notes that a favorable liquidity environment and improved capital market conditions are driving the securities sector's growth [11]

Group 1 - The Ministry of Industry and Information Technology of China is committed to promoting new industrialization and providing more cooperation opportunities for foreign companies, including AMD, in the fields of digital economy and artificial intelligence [1][1] - CICC has announced a major asset restructuring plan to absorb and merge with Dongxing Securities and Xinda Securities, with a share swap price set at 36.91 CNY per share for CICC, 16.14 CNY for Dongxing Securities, and 19.15 CNY for Xinda Securities, with the merger expected to balance shareholder interests [1][1] - The State Development and Reform Commission has issued a notice on the benchmark levels for clean and efficient coal utilization, aiming to enhance the clean energy system in China [1][1] Group 2 - The global silver market is experiencing a historic surge, with prices surpassing 66 USD per ounce, marking a year-to-date increase of over 130%, significantly outpacing gold [3][3] - The European Parliament has approved a plan to gradually stop importing Russian natural gas by the end of 2027, pending final approval from EU member states [3][3] - The asset management products total scale reached 80.03 trillion CNY by the end of Q3 2025, according to the China Securities Investment Fund Industry Association [1][1]

Core Viewpoint - The A-share merger and acquisition market is becoming increasingly active, with significant transactions announced by companies such as Pulutong and Fengxing Co., indicating a trend towards major asset restructuring in the industry [1]. Group 1: Pulutong's Major Asset Restructuring - On December 17, Pulutong announced plans to acquire 100% of Leqi Cayman and 8.26% of Hangzhou Lemai, while raising funds through a share issuance to Zhidu Group and Huadu No.1, which is expected to constitute a major asset restructuring [2][3]. - The transaction is anticipated to help Pulutong leverage opportunities in the digital economy, enhance industrial synergy, and build a new ecosystem of "supply chain + e-commerce services" [3]. - The target company is a leading partner in digital and e-commerce services in China, with a projected revenue exceeding 5 billion yuan and a net profit exceeding 200 million yuan for 2024 [3]. Group 2: Fengxing Co.'s Acquisition Plans - On the same day, Fengxing Co. announced plans to acquire 75% of Baiyin Huaxin from Guangdong Huaxin, also through a share issuance to a limited number of specific investors, which is expected to constitute a major asset restructuring [6][9]. - Baiyin Huaxin specializes in hazardous waste disposal and resource recycling, with a licensed disposal capacity of 755,000 tons per year, which will enhance Fengxing's service offerings in the mining and non-ferrous metal sectors [9]. - Following the acquisition, Fengxing aims to transition from traditional metal products to the emerging green circular economy, establishing a new growth point and enhancing business synergy [10].

Market Overview - The U.S. stock market experienced a decline, with the Dow Jones Industrial Average falling by 0.47% to close below 48,000 points, the Nasdaq dropping by 1.81%, and the S&P 500 decreasing by 1.16% [1] - The VIX, a measure of market volatility, surged by 6.9% to 17.62, indicating increased investor anxiety [1] Technology Sector Performance - Major tech stocks saw significant declines, with Nvidia down 3.8%, Microsoft down 0.1%, Amazon down 0.6%, Apple down 1.0%, Meta down 1.2%, Google down 3.1%, and Tesla down 4.6% [2] - The Philadelphia Semiconductor Index fell by 3.3%, with notable drops in chip manufacturers such as Broadcom down 4.4% and AMD down 5.3% [3] Corporate Developments - Oracle's stock dropped by 5.4% following news that its largest data center partner, Blue Owl Capital, would no longer fund a $10 billion data center project, raising market concerns despite Oracle's clarifying announcement [3] - Warner Bros. Discovery's stock fell by 2.3% after the board rejected a $108.4 billion hostile takeover bid from Paramount-DreamWorks, opting instead for a more certain offer from Netflix [3] Commodity Market Movements - International oil prices rebounded significantly, with WTI crude oil increasing by 1.21% to $55.94 per barrel and Brent crude oil rising by 1.29% to $59.68 per barrel [3] - Precious metals saw gains driven by risk-averse sentiment, with COMEX gold futures rising by 1.00% to $4,347.50 per ounce and COMEX silver futures increasing by 5.64% to $66.237 per ounce, both reaching historical closing highs [3] Regulatory and Policy Updates - The Ministry of Finance reported that from January to November 2025, stamp duty revenue reached 404.4 billion yuan, a year-on-year increase of 27%, with securities transaction stamp duty at 185.5 billion yuan, up 70.7% [3] - The National Development and Reform Commission, along with five other departments, issued a notice promoting clean and efficient coal utilization, encouraging upgrades and modifications to existing projects to meet benchmark levels [4]

Group 1 - CICC has announced the absorption and merger plan with Dongxing Securities and Xinda Securities, with stock exchange ratios set at 1:0.4373 and 1:0.5188 respectively, making CICC the fourth brokerage in the "trillion club" after the merger [2] - The global silver market is experiencing a historic surge, with spot silver prices breaking through $65 and $66 per ounce, and approaching $67 per ounce, marking a 130% increase this year, double the rise of gold futures [2] Group 2 - The Ministry of Finance reported that national fiscal revenue for the first 11 months reached 20.05 trillion yuan, a year-on-year increase of 0.8%, with tax revenue growing by 1.8% [3] - The Ministry of Industry and Information Technology met with AMD's CEO to discuss cooperation in digital economy and AI [3] - The State Administration for Market Regulation highlighted the significant monopoly risks in the platform economy, urging platform companies to enhance compliance awareness [4] Group 3 - Muxi Co. has become the most profitable new stock in A-share history, with a first-day closing increase of 692.95%, allowing investors to earn up to 395,200 yuan per share [5] - The A-share market rebounded strongly, with the Shanghai Composite Index rising by 1.19% and the Shenzhen Component Index by 2.4%, with a total market turnover of 1.83 trillion yuan [6] Group 4 - The Hainan Free Trade Port officially commenced its full island closure operations on December 18, allowing customs clearance for goods through designated ports [4] - The Ministry of Education issued a notice to reduce the frequency of exams in primary and secondary schools, aiming to alleviate exam anxiety among students [4] Group 5 - The China Fund Industry Association reported that the total scale of asset management products reached 80.03 trillion yuan by the end of Q3, with public funds at 36.74 trillion yuan and private funds at 21.99 trillion yuan [9] - The real estate sector saw a 14% month-on-month increase in second-hand housing transactions in 30 key cities as of November [9]

Core Insights - The 19th Listed Company Value Forum was held in Yibin, Sichuan Province, highlighting the city's economic growth and strategic importance in the region [1] - Yibin's GDP is projected to exceed 400 billion yuan in 2024, with a tax revenue of 602.6 billion yuan, showcasing its strong economic performance [1] - The city is focusing on developing a financial ecosystem that supports new productivity and industrial development, emphasizing the role of capital markets [1] Group 1 - Yibin is recognized as a hub for various industries, including high-quality liquor, power batteries, crystalline silicon photovoltaics, and digital economy [2] - The city has established an industrial investment fund group with a total scale exceeding 60 billion yuan, and has launched over 19 billion yuan in initial fund cooperation [2] - Yibin's commercial bank has successfully listed in Hong Kong, achieving a market value exceeding 11 billion yuan [2] Group 2 - The city is actively transforming traditional industries while fostering future industries such as new energy storage, digital energy, artificial intelligence, and new energy vehicles [2] - Yibin has created a new bond issuance pattern with one AAA-rated enterprise, seven AA+ rated enterprises, and twenty AA rated enterprises, indicating a robust financial landscape [2] - The Listed Company Value Forum serves as a significant opportunity for Yibin to connect with quality resources in the capital market and accelerate industrial upgrades [2]

工业和信息化部主管 中国通信企业协会会刊 人民邮电出版社有限公司主办 t @ .......... 面自己好 精品期刊《通信世界》 工业5G经销的 征程 "动" ■"进 c3 欢迎订阅 一年只要480 《通信世界》2025年12月10日 第23期 本期专题 AI WAN，从技术到价值的跃升 在数字经济加速发展的背景下，智能IP广域网（AI WAN）已成为推动网络智能化升级的核心引擎。站在技术变革的十字路口，《通信世界》以前瞻视角 探讨AI WAN的未来发展方向，聚焦AI WAN技术变革与产业实践，汇聚行业权威专家，深度解读AI驱动的网络架构创新；征集众多实践成果，从新型IP 骨干网演进、算力互联构建、内生安全防护到家庭数智体验升级，全方位展现AI WAN如何助力新质生产力发展，构筑数字经济发展新底座，为千行百业 智能化转型提供关键网络支撑。 本期看点 AI驱动网络架构与技术变革，AI WAN激活全域智能互联 互联网发展已历经半个多世纪，自1969年ARPA网以4个节点开启互联纪元以来，全球互联网用户数已突破56亿。回看中国，我们已成功接入互联网31 年，经历了互联网的3次重大变革：从20世纪80年代全球互联、 ...

Core Viewpoint - The company, Muxi, aims to establish a unified underlying software ecosystem in China's artificial intelligence sector, focusing on the open-source MXMACA as its core strategy [2][6]. Group 1: Company Strategy and Goals - Muxi's product development strategy involves "selling one generation, researching one generation, and pre-researching one generation," ensuring a robust long-term market competitiveness [9]. - The company aspires to create world-class GPU chips and computing platforms, positioning itself as a foundational element of the digital economy [2][3]. Group 2: Technological Development - Muxi has invested a total of 2.247 billion yuan in research and development over the past three years, which accounts for 282.11% of its cumulative revenue during the same period [4]. - The company has obtained 255 domestic authorized patents, including 245 invention patents, as of March 2025 [4]. Group 3: Market Context and Growth Potential - The global GPU market is projected to grow from $77.39 billion in 2024 to $472.45 billion by 2030, with a compound annual growth rate of 35.19% from 2024 to 2030 [7]. - Muxi's hardware and software development is nearing completion, necessitating the conversion of product advantages into market advantages [7]. Group 4: Ecosystem and Compatibility - Muxi is developing the MXMACA software stack, which includes a complete self-developed driver layer, compiler, and mathematical library, compatible with mainstream programming languages and ecosystems [5]. - The MXMACA software stack supports over 6,000 international mainstream applications and has achieved native compatibility with over 1,000 models [5]. Group 5: Industry Collaboration and Application - Muxi proposes a "1+6+X" strategy to penetrate the industry chain, focusing on a digital computing foundation and six key industries: finance, healthcare, energy, education and research, transportation, and entertainment [8]. - The company aims to find upstream and downstream partners along the industry chain to accumulate industry know-how and create typical landing cases for market expansion [8].

Core Insights - The article emphasizes the strengthening of cooperation between China and ASEAN, highlighting the resilience of their partnership amid global uncertainties and challenges [1][2]. Economic Cooperation - ASEAN has become China's largest trading partner, with trade volume reaching 6.82 trillion yuan, a year-on-year increase of 8.5% [2]. - In the first ten months of the year, trade in agricultural and food products between China and ASEAN amounted to 51.3 billion USD, growing by 8.9% [2]. - The China-ASEAN Free Trade Area has been upgraded to version 3.0, covering nine areas including digital economy, green economy, and supply chain connectivity [4][5]. Cultural Exchange - The China-ASEAN Cultural Exchange Year concluded successfully, with nearly 200 high-level events held to promote mutual understanding and social connections [6]. - Initiatives such as visa exemptions between China and several ASEAN countries have facilitated easier travel and cultural exchange [6]. Future Outlook - Looking ahead to 2026, there is optimism for further strengthening of the comprehensive strategic partnership between China and ASEAN, aiming for a peaceful and prosperous region [7].