"十五五"规划建议提出，"促进人口高质量发展。积极应对人口老龄化，健全养老事业和产业协同发展政策 机制"。 加力布局健康养老产业已是头部险企的集体行动。在中国人寿集团"333"战略的三大新业务增长极中，养老、 健康是重要两极。康养生态建设成为中国人寿体系内的重要工作内容。 近日，国寿集团旗下国寿健康产业投资有限公司（简称"国寿健投公司"）详细介绍了成立六年多来的业务实 践，并透露了养老布局重点和思路。 已开业运营10个养老项目 12月25日，位于北京市昌平区未来科学城核心位置的国寿嘉园·北京乐境全面启用，这是国寿健投公司在北京 布局的近城心CCRC型（持续照料型）机构养老社区。该社区设置553套房间、947张床位，将围绕长者的吃住 医护等多元养老需求提供综合解决方案。 这是国寿集团"333战略"下的又一个重要项目。截至目前，国寿已开业运营的养老养生项目增至10个，具体包 括：北京乐境、天津乐境、苏州雅境、成都乐境、青岛悦境、深圳社区项目等8个养老项目，以及三亚逸境、 北戴河逸境2个康养旅居项目。 国寿健投公司于2019年7月成立，是国寿集团一级子公司，定位于健康养老产业投资机构和养老服务运营商。 国寿健投公司 ...

塞力医疗所属申万行业为：医药生物-医药商业-医药流通。所属概念板块包括：养老产业、智慧医疗、 医疗器械、互联医疗、小盘等。 截至12月10日，塞力医疗股东户数7.04万，较上期减少11.22%；人均流通股2986股，较上期增加 12.64%。2025年1月-9月，塞力医疗实现营业收入8.57亿元，同比减少39.64%；归母净利润-8724.41万 元，同比减少55.72%。 12月26日，塞力医疗（维权）盘中下跌2.04%，截至11:18，报21.57元/股，成交1.72亿元，换手率 3.76%，总市值45.34亿元。 资金流向方面，主力资金净流出1764.15万元，特大单买入116.19万元，占比0.68%，卖出0.00元，占比 0.00%；大单买入1194.36万元，占比6.95%，卖出3074.70万元，占比17.90%。 塞力医疗今年以来股价涨198.75%，近5个交易日跌3.66%，近20日跌0.09%，近60日跌21.39%。 今年以来塞力医疗已经37次登上龙虎榜，最近一次登上龙虎榜为8月26日，当日龙虎榜净买入1.46亿 元；买入总计4.89亿元 ，占总成交额比18.85%；卖出总计3.43亿元 ...

分红方面，塞力医疗A股上市后累计派现2707.41万元。近三年，累计派现0.00元。 机构持仓方面，截止2025年9月30日，塞力医疗十大流通股东中，财通优势行业轮动混合A（011201） 位居第六大流通股东，持股122.82万股，相比上期增加58.48万股。广发医疗保健股票A（004851）位居 第七大流通股东，持股122.36万股，为新进股东。招商丰韵混合A（006364）位居第九大流通股东，持 股62.40万股，为新进股东。财通科创主题灵活配置混合(LOF)（501085）位居第十大流通股东，持股 56.00万股，为新进股东。 今年以来塞力医疗已经37次登上龙虎榜，最近一次登上龙虎榜为8月26日，当日龙虎榜净买入1.46亿 元；买入总计4.89亿元 ，占总成交额比18.85%；卖出总计3.43亿元 ，占总成交额比13.22%。 资料显示，塞力斯医疗科技集团股份有限公司位于湖北省武汉市东西湖区金山大道1310号，成立日期 2004年2月23日，上市日期2016年10月31日，公司主营业务涉及医疗检验集约化营销及服务业务、体外 诊断产品的代理以及自主体外诊断产品的研发、生产和销售。主营业务收入构成为：IVD ...

广宇集团所属申万行业为：房地产-房地产开发-住宅开发。所属概念板块包括：养老产业、低价、乡村 振兴、微盘股、体外诊断等。 截至9月30日，广宇集团股东户数2.93万，较上期减少0.53%；人均流通股26287股，较上期增加0.54%。 2025年1月-9月，广宇集团实现营业收入38.96亿元，同比增长16.28%；归母净利润9465.22万元，同比增 长162.25%。 分红方面，广宇集团A股上市后累计派现9.68亿元。近三年，累计派现1.31亿元。 今年以来广宇集团已经3次登上龙虎榜，最近一次登上龙虎榜为12月12日，当日龙虎榜净买入-265.85万 元；买入总计3260.42万元 ，占总成交额比7.06%；卖出总计3526.28万元 ，占总成交额比7.64%。 资料显示，广宇集团股份有限公司位于浙江省杭州市上城区龙舌路68号鹤鸣广宇大厦1号楼，成立日期 2000年12月4日，上市日期2007年4月27日，公司主营业务涉及房地产开发和经营。主营业务收入构成 为：房地产67.76%，贸易29.66%，其他2.57%。 12月23日，广宇集团盘中下跌2.29%，截至13:28，报3.42元/股，成交1.06亿元 ...

12月23日，世荣兆业盘中下跌2.13%，截至09:44，报5.96元/股，成交1542.58万元，换手率0.32%，总市 值48.22亿元。 资金流向方面，主力资金净流出217.42万元，特大单买入0.00元，占比0.00%，卖出143.16万元，占比 9.28%；大单买入114.11万元，占比7.40%，卖出188.37万元，占比12.21%。 世荣兆业今年以来股价跌3.40%，近5个交易日涨0.34%，近20日跌4.03%，近60日涨2.41%。 世荣兆业所属申万行业为：房地产-房地产开发-住宅开发。所属概念板块包括：低价、养老产业、小 盘、国资改革、土地流转等。 截至9月30日，世荣兆业股东户数1.82万，较上期减少9.49%；人均流通股44472股，较上期增加 10.48%。2025年1月-9月，世荣兆业实现营业收入11.91亿元，同比增长65.17%；归母净利润1.24亿元， 同比增长418.51%。 分红方面，世荣兆业A股上市后累计派现18.88亿元。近三年，累计派现4854.57万元。 机构持仓方面，截止2025年9月30日，世荣兆业十大流通股东中，香港中央结算有限公司位居第七大流 通股东，持 ...

12月23日，塞力医疗（维权）盘中下跌2.07%，截至09:43，报21.73元/股，成交6686.61万元，换手率 1.45%，总市值45.67亿元。 资金流向方面，主力资金净流入9615.86元，特大单买入255.92万元，占比3.83%，卖出0.00元，占比 0.00%；大单买入475.66万元，占比7.11%，卖出730.63万元，占比10.93%。 塞力医疗今年以来股价涨200.97%，近5个交易日涨11.38%，近20日涨1.12%，近60日跌22.70%。 今年以来塞力医疗已经37次登上龙虎榜，最近一次登上龙虎榜为8月26日，当日龙虎榜净买入1.46亿 元；买入总计4.89亿元 ，占总成交额比18.85%；卖出总计3.43亿元 ，占总成交额比13.22%。 资料显示，塞力斯医疗科技集团股份有限公司位于湖北省武汉市东西湖区金山大道1310号，成立日期 2004年2月23日，上市日期2016年10月31日，公司主营业务涉及医疗检验集约化营销及服务业务、体外 诊断产品的代理以及自主体外诊断产品的研发、生产和销售。主营业务收入构成为：IVD业务39.91%， SPD业务38.01%，单纯销售22.08% ...

12月22日，北辰实业盘中上涨2.29%，截至13:14，报1.79元/股，成交4154.86万元，换手率0.89%，总市 值60.27亿元。 资金流向方面，主力资金净流入974.06万元，特大单买入1050.96万元，占比25.29%，卖出353.10万元， 占比8.50%；大单买入1058.68万元，占比25.48%，卖出782.48万元，占比18.83%。 北辰实业今年以来股价跌3.76%，近5个交易日涨4.68%，近20日跌3.76%，近60日跌13.11%。 截至9月30日，北辰实业股东户数11.67万，较上期减少4.40%；人均流通股0股，较上期增加0.00%。 2025年1月-9月，北辰实业实现营业收入43.67亿元，同比减少7.70%；归母净利润-21.74亿元，同比减少 134.22%。 分红方面，北辰实业A股上市后累计派现30.98亿元。近三年，累计派现6734.04万元。 机构持仓方面，截止2025年9月30日，北辰实业十大流通股东中，香港中央结算有限公司位居第四大流 通股东，持股3151.60万股，相比上期增加614.08万股。南方中证房地产ETF发起联接A（004642）位居 第五大 ...

Report Industry Investment Rating No information provided. Core Viewpoints of the Report The report comprehensively presents the overnight market trends of various commodities, important macro - economic and industry - specific news, and the performance of financial markets both at home and abroad, offering a multi - dimensional perspective for investors to understand the current market situation. Summary by Relevant Catalogs Overnight Night - Market Market Trends - International precious metal futures generally rose. COMEX gold futures rose 0.1% to $4368.7 per ounce, with a weekly increase of 0.93%, and COMEX silver futures rose 3.34% to $67.395 per ounce, hitting a record high with a weekly increase of 8.69% [5]. - U.S. oil and Brent crude oil futures rose. The U.S. oil main contract rose 0.96% to $56.54 per barrel, with a weekly decline of 1.57%, and the Brent crude oil main contract rose 1.01% to $60.1 per barrel, with a weekly decline of 1.67% [6]. - London base metals all rose. LME nickel rose 1.85% to $14900 per ton, with a weekly increase of 2.15%; LME aluminum rose 1.32% to $2955.5 per ton, with a weekly increase of 3.03%; LME lead rose 1.25% to $1984.5 per ton, with a weekly increase of 0.84%; LME copper rose 1.22% to $11870.5 per ton, with a weekly increase of 3.09%; LME zinc rose 0.65% to $3078 per ton, with a weekly decline of 1.50%; LME tin rose 0.13% to $42975 per ton, with a weekly increase of 3.96% [6]. Important Information Macroeconomic Information - China sued India's information and communication product tariff measures and photovoltaic subsidy measures at the WTO, stating that India's measures violated WTO rules and damaged China's interests [9]. - Maersk considered gradually resuming east - west route voyages through the Suez Canal and the Red Sea [9]. - Shanghai export container freight index and China export container freight composite index rose [9]. - China's Internet and securities regulators cracked down on false information in the capital market [10]. - The State Council emphasized implementing the decisions of the Central Economic Work Conference [10]. - Israel was concerned about Iran's expansion of its ballistic missile production plan [11]. - China's Ministry of Commerce planned to boost consumption in 2026 [11]. - A Fed official thought there was no need to adjust interest rates in the next few months [11]. Energy and Chemical Futures - China continued anti - dumping duties on imported EPDM rubber from the U.S., South Korea, and the EU, and the anti - dumping measures on imported EPDM rubber from the UK expired [13]. - The rubber inventory in Osaka Exchange - designated warehouses decreased [13]. - The U.S. intercepted an oil tanker off the coast of Venezuela [15]. Metal Futures - Ningde Times' Yichun Jianxiawo lithium mine made progress in resuming production, and an environmental assessment was in progress [17]. - Tianqi Lithium's third - phase chemical - grade lithium concentrate expansion project was completed and put into trial operation [17]. - The Guangzhou Futures Exchange restricted the daily opening positions of non - futures company members or clients in lithium carbonate futures contracts [18]. Black - Series Futures - The Dalian Commodity Exchange adjusted the premium and discount of the designated delivery warehouses for coking coal futures in Tangshan and Tianjin [20]. - Manganese - silicon enterprises' inventory increased, while silicon - iron enterprises' inventory decreased [22]. - The blast furnace operating rate, capacity utilization rate, and daily hot metal output of 247 steel mills decreased [23]. - The inventory of imported iron ore at ports increased, and the daily clearance volume decreased [23]. - Tangshan lifted the heavy - pollution weather emergency response [23]. - The total inventory of steel in cities decreased [24]. Agricultural Product Futures - The average purchase price of pigs by designated slaughtering enterprises increased slightly, while the average ex - factory price of白条 meat remained flat [27]. - Indonesia started the road test of B50 biodiesel, with a mandatory use policy likely to be implemented in the second half of 2026 [27]. - The auction of imported soybeans had a certain transaction volume and proportion [27]. - Argentina's soybean planting area decreased slightly [28]. - The losses of pig farming decreased [28]. - The U.S. exported soybeans to China [29]. Financial Markets Financial - The A - share market was in a high - level shock, and the spring market was expected [32]. - The net inflow of funds into the CSI A500 index exceeded 460 billion yuan [32]. - Stock - type funds became the focus of the public fund issuance market [32]. - Institutions actively investigated listed companies, with a focus on the hard - tech track [33]. - MiniMax was expected to become the AI company with the shortest time from establishment to IPO [34]. - Guizhou Bailing was fined for financial fraud [34]. Other Industries - Some Chinese cities' real estate markets showed positive trends [36]. - China's pension industry was expected to grow significantly [36]. - China's aviation freight volume increased [36]. - China's trust industry assets exceeded 30 trillion yuan [37]. - Bohai Oilfield's annual production of oil and gas equivalent exceeded 4000 tons [38]. - China's animation movie box office reached a record high in 2025 [38]. - Shanxi abolished the fireworks ban [40]. Overseas - U.S. officials believed there was room for interest - rate cuts, and a housing plan was expected [41]. - A Fed official thought interest rates should be stable before spring [41]. - Over 70% of Japanese respondents thought the price situation had worsened [41]. - Brazil advocated accelerating other trade negotiations for Mercosur [41]. International Stock Markets - Japan was experiencing a merger and acquisition boom [42]. - Indian stock market regulators promoted the participation of banks and insurance companies in the commodity derivatives market [44]. - The scale of India's mutual funds expanded, and a stock's price soared [44]. - SK Telecom was required to compensate users for information leakage [44]. Commodities - The Philippines extended the sugar import ban until December 2026 [45]. Bonds - The volatility of U.S. Treasury bonds reached a four - year low, and foreign central banks' holdings decreased slightly [46]. Foreign Exchange - It was believed that factors promoting the appreciation of the RMB were increasing [47]. - South Korea was ready to take preemptive measures to stabilize the financial market [49].

Core Viewpoint - The article emphasizes the importance of developing a high-quality elderly care system in response to population aging, highlighting the role of government and market collaboration in building a comprehensive elderly care ecosystem [2][3]. Group 1: Policy Guidance for Elderly Care Ecosystem - The current stage presents a significant opportunity in the elderly care industry, with a consensus on the need to establish a robust medical and elderly care ecosystem [3]. - The core of building an elderly care ecosystem involves integrating the elderly care industry with supply chains, services, and financial aspects to provide precise services for the elderly [3]. - Key stakeholders in the medical and elderly care sector include central enterprises, insurance companies, and small to medium enterprises, with insurance companies playing a pivotal role due to their financial strength and customer base [3][4]. Group 2: Development Strategies - The construction of a medical and elderly care ecosystem requires efforts in three areas: industrial ecosystem construction, government-enterprise ecosystem construction, and policy ecosystem construction [3][6]. - The industrial ecosystem should focus on market demand and align with government needs, with local governments playing a crucial role in providing inclusive elderly care services [3][4]. - The government can participate through state-owned assets and procurement services, emphasizing the importance of long-term care insurance and inclusive insurance [3][4]. Group 3: Role of Insurance Industry - The insurance industry is not just a payer but should act as a resource integrator, supervisor, and service provider within the elderly care ecosystem [5]. - Insurance companies can help clients plan for long-term health and elderly care expenses, leveraging their advantages in risk management and funding [5][6]. - The insurance sector's role includes promoting collaboration with medical institutions to enhance service efficiency and risk management [5]. Group 4: Policy Ecosystem Construction - The combination of financial and fiscal policies is crucial for developing the medical and elderly care ecosystem [6][7]. - Learning from the U.S. REITs model, there is potential for pension funds to invest in real estate that meets elderly care needs, contributing to stable returns [6]. - Local governments should take initiative by establishing guiding funds and collaborating with financial institutions to promote the development of the elderly care industry [7].

每经记者：刘明涛每经编辑：彭水萍 上周大盘探底回升，大小盘股略有分化。截至12月19日收盘，上证指数周涨0.03%，深证成指周跌 0.89%，创业板指和科创50指数则分别周跌2.26%和2.99%，每经品牌100指数同样出现调整，周跌 1.67%，以1152.41点报收。 上周初，受国内经济数据显示有效需求偏弱、日本央行加息预期等因素影响，A股市场下探寻底，随后 指数逐步企稳回升。不过，由于反弹力度一般，每经品牌100指数上周下跌1.67%，继续保持高位震 荡。 成分股方面，保险行业上周表现强劲，中国平安和中国太保周涨幅分别为7.57%和7.32%，中国人保周 涨幅达到6.90%；蒙牛乳业、传音控股、伊利股份、建设银行和中国中冶周涨幅也在3%以上。值得关注 的是，中国平安和建设银行上周市值增长超过500亿元，市值增长较大。 保险行业上周表现强劲 分析认为，宏观层面，海外方面，11月美国非农就业增长乏力，通胀数据低于预期，强化了2026年美联 储降息信号。国内方面，11月各项经济数据有所放缓，经济内生增长动能偏弱，扩内需促消费成为后续 政策的重点，预计后续政策将通过多维度发力对我国经济增长产生积极影响。 有分析 ...