Group 1 - Huawei, Alipay, and China Mobile Internet signed a cooperation agreement to launch an intelligent communication era with "call as a service" [1] - The collaboration aims to innovate the AI + 5G new call DC ecosystem, transitioning traditional calls to intelligent and service-oriented solutions [1] - China Mobile Internet will leverage its extensive 5G network and user base for reliable communication support, while Alipay will integrate its digital ecosystem capabilities [1] Group 2 - Elon Musk confirmed that SpaceX plans to go public next year, aiming to raise over $30 billion with an estimated valuation of $1.5 trillion [2] - The IPO could potentially break the record for the largest fundraising in history, surpassing Saudi Aramco's $29 billion in 2019 [2] - SpaceX intends to use part of the IPO proceeds to develop a space data center [2] Group 3 - The Zhejiang Province is launching a major technology initiative for brain-computer interfaces, aiming to create a competitive industry cluster [3] - An international standard for brain-computer interface technology is being established to promote healthy and orderly development in the field [3] Group 4 - The China Internet Finance Association held a meeting to discuss self-regulation in supply chain finance, focusing on improving market monitoring and management [4] - The association aims to guide the industry towards reasonable control of financing costs and orderly exit of weaker platforms [4] Group 5 - The Ministry of Commerce plans to introduce policies to accelerate innovation and transformation in the retail sector during the 14th Five-Year Plan [5] - The focus will be on enhancing product and service quality and promoting fair competition between online and offline channels [5] Group 6 - The Xi'an Chida Aircraft's "Jiutian" drone successfully completed its maiden flight, showcasing versatility for both military and civilian applications [6] - The drone can be used for logistics, emergency rescue, and various surveying services, covering multiple sectors of the national economy [6] Group 7 - The National Development and Reform Commission and the National Energy Administration issued guidelines for centralized pricing of renewable energy generation [7] - The new rules restrict centralized pricing to renewable energy companies within the same group and province, preventing cross-group and cross-province pricing [7] Group 8 - Goldman Sachs predicts that gold prices could rise to $4,900 per ounce by the end of 2026, driven by increased investment in gold ETFs [8] - The current allocation of gold in U.S. financial portfolios is low, suggesting significant potential for price increases with higher ETF investments [8] Group 9 - Liaoning Province is soliciting opinions on a three-year action plan for high-quality development of ice and snow tourism [9] - The plan aims to enhance the province's ice and snow tourism brand and develop multiple tourism routes and resorts [9] Group 10 - In November, China's automobile exports reached 728,000 units, marking a 9.3% month-on-month increase and a 48.5% year-on-year increase [10] - The total exports for the first eleven months of 2025 reached 6.343 million units, with expectations to reach 7 million units for the entire year [10]

Group 1 - The core idea of the news is the promotion of winter sports and tourism in Jilin Province, particularly through the implementation of a "snow holiday" for students, which encourages participation in ice and snow activities [2][3] - Jilin Province is offering free skiing experiences for students during the "snow holiday," with an average daily visitor count of over 2,000 at ski resorts [2] - The provincial government is actively promoting ice and snow sports by providing various incentives for families and encouraging paid leave for employees in public and private sectors [2] Group 2 - The new snow season in Jilin Province features over 800 cultural and tourism activities, including signature events like the Chagan Lake Winter Fishing Festival and the Rime Ice and Snow Festival [3] - Ski resorts in Jilin are enhancing their facilities and services, such as the introduction of international ski teaching and expanded snow-making systems, to provide a more engaging experience for visitors [3] - Transportation improvements include increased road capacity, adjusted train schedules, and expanded direct bus services to facilitate access to ice and snow tourism, with plans for 32 direct bus lines and 41 night bus routes [4]

Market Overview - The A-share market showed mixed performance today, with the Shanghai Composite Index down by 0.23% closing at 3900.50 points, while the Shenzhen Component Index rose by 0.29% to 13316.42 points. The ChiNext Index fell by 0.02% to 3209.00 points [1][10] - Overall, there were 2433 stocks that rose and 2841 stocks that fell, with a total trading volume of 177.85 billion yuan, a decrease of 125.4 billion yuan from the previous trading day [1][10] Industry Performance - Among the Shenwan first-level industries, real estate, commercial retail, social services, telecommunications, and non-ferrous metals saw the highest gains, with increases of 2.53%, 1.97%, 1.22%, 1.21%, and 1.04% respectively. Conversely, banking, electric equipment, and computer sectors experienced declines of 1.58%, 0.87%, and 0.63% respectively [1][10] Concept Sector Performance - The leading concept sectors today included Hainan Free Trade Port, selected cement manufacturing, selected real estate, duty-free shops, semiconductor silicon wafers, optical communication, optical modules, optical chips, excavators, outbound tax refunds, lithium mines, vocational education, gold and jewelry, biological breeding, and semiconductor materials [2]

成交集中度来到 45%，再次达到历史偏高经验值。结构风险在 11 月明显缓解，是行情能够持续修复的基础。 而科技仍然是 11 月 24 日以来修复的核心，其他板块尚未出现更强的叙事。受此影响，资金再次聚集到科技板块 （尤其是 AI 算力），推升成交集中度。例如，今日成交额前 10 的个股，基本与光模块、PCB 和半导体相关，尽 管还有商业航天、储能和机器人品种，但基本表现平平。而周期品种如有色、白酒、钢铁、煤炭等则大幅下跌， 可能受科技板块"虹吸"效应的影响。 [Table_Title] 资产配置日报：科技独树一帜 [Table_Title2] [Table_Summary] 12 月 9 日，股债呈现跷跷板行情，不过方向则变为债涨股跌。权益市场上演极致的分化行情，资金聚集于科 技板块，大部分非科技品种表现较弱；债市则在多空交织的背景下，在震荡中小幅下行。 权益市场缩量下跌。万得全 A下跌 0.55%，全天成交额 1.92 万亿元，较昨日（12 月 8 日）缩量 1339 亿 元。港股方面，恒生指数下跌 1.29%，恒生科技下跌 1.90%。南向资金净流入 5.31 亿港元，其中腾讯控股、小米 集团和阿里巴巴 ...

Market Overview - The A-share market saw most indices decline today, with the Shanghai Composite Index down by 0.37% closing at 3909.52 points, and the Shenzhen Component Index down by 0.39% at 13277.36 points. The ChiNext Index, however, increased by 0.61% to close at 3209.60 points. Overall, there were 1305 stocks that rose while 4057 stocks fell, with a total trading volume of 19040 billion yuan, a decrease of 1327 billion yuan from the previous trading day [1][10]. Industry Performance - Among the Shenwan first-level industries, the sectors that performed well included comprehensive, communication, and electronics, with increases of 3.45%, 2.23%, and 0.78% respectively. Conversely, industries such as non-ferrous metals, steel, real estate, and coal experienced declines, with decreases of 3.03%, 2.47%, 2.10%, and 1.62% respectively [1][10]. Concept Sector Performance - The concept sectors that saw the highest gains today included copper-clad laminates, optical modules (CPO), cultivated diamonds, circuit boards, high transfer, superhard materials, dairy industry, NVIDIA supply chain, high-speed copper connections, silicon energy sources, initial public offerings, consumer electronics OEM, ice and snow tourism, lithography machines, and Moore Threads [2].

随着北京正式进入冰雪季，全市13家滑雪场已全面开板，吸引众多滑雪爱好者奔赴雪场，开启新一季冰 雪运动热潮。12月8日，北京商报记者从多家雪场以及旅游平台获悉，目前北京13家雪场迎来全面开 板，同时为提升游客体验，多家雪场在2025—2026雪季推出多项升级举措，其中包括改造拓宽雪道、增 设宠物友好服务、优化接驳巴士等。雪场开板后，滑雪市场热度随之攀升，雪场周边民宿预订量同比上 涨39%。同时，提供宠物寄养及夜场服务的雪场搜索量显著增长，折射出滑雪消费正向多元化、品质化 持续升温。 13家雪场全面开板 截至目前，北京13家雪场迎来全面开板。不少雪友已经带好滑雪装备，来到银装素裹的雪场感受冰雪运 动的速度与魅力。 北京商报记者了解到，军都山滑雪场、南山滑雪场、云居滑雪场以及国家高山滑雪中心等均已开板。其 中，南山滑雪场12月8日开板，军都山滑雪场于12月4日正式开板，云居滑雪场也在12月6日开启试营 业。 北京军都山滑雪场市场总监王骥告诉北京商报记者，从正式开板起，雪场每日接待游客数量在千人左 右，周末游客数量会更多一些。 为迎接各地游客，多家雪场在本雪季积极焕新。为方便滑雪爱好者出行，南山滑雪场在市区内设置多个 ...

Core Insights - Beijing has officially entered the snow season with all 13 ski resorts fully operational, attracting numerous skiing enthusiasts and marking the beginning of a new wave of winter sports [1][3] Group 1: Ski Resort Operations - All 13 ski resorts in Beijing have opened, including popular locations such as Military Mountain Ski Resort, Nanshan Ski Resort, and the National Alpine Ski Center [3] - Nanshan Ski Resort opened on December 8, Military Mountain Ski Resort on December 4, and Yunju Ski Resort on December 6, with daily visitor numbers reaching around a thousand [3] - To enhance visitor experience, several ski resorts are implementing upgrades for the 2025-2026 season, including widening ski trails and adding pet-friendly services [1][3] Group 2: Market Trends - The booking volume for accommodations near ski resorts has increased by 39% year-on-year, with an average stay of 3 days and 70% of visitors coming from outside Beijing [5] - The search volume for ski resorts offering pet care services surged by 170% since the opening of Military Mountain Ski Resort, indicating a growing demand for diverse skiing experiences [5] - The participation of the "post-95" generation in skiing has risen to 62%, highlighting a shift in the demographic of skiing enthusiasts [5] Group 3: Overall Market Growth - The overall reception of visitors at ski resorts is expected to be optimistic, with previous seasons averaging around 300,000 visitors [6] - Nationwide, interest in skiing is rapidly increasing, with a reported 87% year-on-year growth in searches for nearby ski resorts on Meituan [6] - New tourism routes connecting high-quality tourist attractions and ski centers in the Beijing-Tianjin-Hebei region are anticipated to attract more skiing enthusiasts, further boosting the ice and snow tourism market [6]

Group 1 - The "Happy Ice and Snow Season" in Miyun District will last until March 2026, offering diverse winter entertainment options for citizens [2] - The upgraded Nanshan and Yunfo ski resorts feature over 20 ski trails catering to different skill levels, including night skiing experiences [2] - Various winter activities are planned, including ice climbing at Yunmeng Gorge and winter hot spring experiences at local hotels and boutique inns [2] Group 2 - A series of promotional policies covering attractions, accommodation, dining, and retail have been launched, featuring over 80 discount measures [3] - Key attractions like Gubei Water Town and Zhangyu Aifei Castle are offering free admission and discounted tickets with additional benefits [3] - The "ticket root economy" model allows visitors to exchange ski ticket stubs for dining vouchers and retail discounts at 28 participating businesses [3]

新华社图文 图为12月6日滑雪爱好者在黑龙江省亚布力滑雪旅游度假区雪场体验滑雪（无人机照片）。 进入冰雪季节，多地滑雪场迎来客流高峰，人们在这里亲近冰雪，体验滑雪运动乐趣。 ...

近日，受冷空气影响，内蒙古呼伦贝尔市的气温跌破-40℃。7日，呼伦贝尔市第七届冰雪日暨牙克石凤 凰山冰糖葫芦冰雪艺术季系列活动启幕，在素有"中国冰雪之都"的牙克石，游客于寒地汽车测试场地沉 浸式体验冰雪漂移的乐趣。 来自北京的韩家豪是有着20年驾龄的"职业玩家"，刚从俄罗斯学习回来的他，第一次在牙克石体验冰雪 漂移，"感受太棒了，我们以前总在俄罗斯的贝加尔地区练习，没想到国内也有这么棒的冰雪赛道。" 内蒙古多地开启"燃冬"模式 中新社内蒙古呼伦贝尔12月7日电 (记者 张玮)7日，内蒙古自治区多地启动冰雪文旅活动，冰雪赛车、 不冻河漂流、泡"极寒温泉"等特色活动吸引国内外游客的同时，也开启了内蒙古的全域"燃冬"模式。 12月7日，内蒙古呼伦贝尔，"冰雪会英雄"活动吸引游客驻足拍照。 中新社记者 张玮 摄 12月7日，内蒙古呼伦贝尔，韩家豪在牙克石寒地汽车测试场地体验冰雪漂移。 胡民 摄 当日，2025—2026呼和浩特冬季冰雪旅游季启幕，50位滑雪教练头戴"马墩墩"头饰、身披红色斗篷从马 鬃山飞驰而下，场面异常壮观。来自浙江杭州的游客伍嘉成又一次来到这里，并称"这里的雪质松软， 气候适宜，每年冬天我都会和朋友 ...