Key Points VCLT charges a lower expense ratio and offers a higher yield than LQD LQD has outperformed VCLT over the past year and experienced a smaller five-year drawdown VCLT holds far fewer bonds, with sector tilts and an ESG screen, while LQD is much broader These 10 stocks could mint the next wave of millionaires › The iShares iBoxx Investment Grade Corporate Bond ETF (LQD) and the Vanguard Long-Term Corporate Bond ETF (VCLT) differ most in cost, yield, sector exposure, and risk profile, wit ...

Core Viewpoint - The company has announced a valuation enhancement action plan for 2025 aimed at improving shareholder returns and investment value through strategic initiatives across its core business segments [1] Group 1: Strengthening Core Business - The company will deepen its focus on three main business segments: smart rail transit, smart building parks, and smart heating, with efforts to expand overseas projects and enhance its industry leadership [1] - The smart rail transit segment will focus on integrated projects for network command centers and upgrading comprehensive monitoring systems [1] - The smart building parks segment will align with national urban renewal policies to set benchmarks for public space renovations [1] - The smart heating segment aims to expand city-level and provincial-level operations to establish industry standards [1] Group 2: Enhancing Internal Value - The company will concentrate resources on its most competitive and promising core business areas, increasing R&D investment with specific revenue ratio targets [2] - Key technology advancements will be prioritized to convert technical advantages into product competitiveness and pricing power [2] - Lean operations will be deepened to improve profitability, with specific targets for reducing sales and management expense ratios [2] - Supply chain management will be optimized to enhance procurement concentration and bargaining power [2] - The company will explore innovative business models, transitioning from product sales to a "product + service + operation" model to increase customer loyalty and revenue sustainability [2] Group 3: Optimizing Capital Allocation - The board will reassess the five-year development plan and initiate asset optimization actions, categorizing assets into core, nurturing, and inefficient/non-core [3] - Assets with weak synergy and low long-term returns may be divested to focus on core operations and improve asset turnover efficiency [3] - Strategic capital operations will be cautiously pursued, seeking mergers or investment opportunities that can enhance core business and create synergies [3] Group 4: Investor Relations Management - The company will implement a "deep communication and value discovery" plan to enhance communication frequency and levels, including special roadshows beyond regular reports [4] - The content of communications will be optimized, with a regularly updated investment value analysis manual to articulate the business model, competitive advantages, financial highlights, and growth logic [4] - ESG practices and achievements will be disclosed more thoroughly, and communication channels will be expanded through online platforms and industry events [4] Group 5: Corporate Governance - The company will establish clear responsibilities and mechanisms for value management, with the board serving as the highest decision-making and supervisory body [5] - The risk management committee will review related plans, ensuring the board's independence and effectiveness [5] - Internal control systems will be strengthened to enhance risk management and support stable operations [5]

NEW YORK CITY, NEW YORK / ACCESS Newswire / December 22, 2025 / For years, transparency in the global gold market advanced in theory faster than in practice. Standards evolved. Guidance tightened. And, expectations rose. Yet the most important part, implementation, lagged, constrained by fragmented systems that verified paperwork more easily than reality. That gap is now closing, and it is closing quickly.SMX (NASDAQ:SMX) deserves some credit. It's emerging as one of the most active drivers of that shift ...

"年度ESG先锋"奖项旨在寻找经济效能与社会责任并重的绿色企业与先进企业。该奖项是对公司在环境 （Environmental）、社会（Social）、公司治理（Governance）三方面工作的高度认可，获奖公司在其 推广ESG理念、追求高质量可持续发展上均做出了突出贡献。 格隆汇12月22日｜格隆汇今日线上举办"科技赋能·资本破局"分享会。备受瞩目的卓越公司评选榜单隆 重揭晓。其中，格隆汇"金格奖"年度卓越公司评选中，摩比发展(0947.HK)荣获"年度ESG先锋"奖项。 ...

Group 1 - The "Annual ESG Pioneer Award (Large Market Capitalization)" recognizes companies that balance economic efficiency with social responsibility, highlighting their contributions to environmental, social, and governance (ESG) practices [1] - Ten companies, including Aier Eye Hospital, Beike, Bosideng, Mengniu Dairy, CATL, Tongcheng Travel, Weichai Power, China Feihe, China State Construction International, and Sinotruk, received the award [1] - The evaluation process involved quantitative data analysis and expert review to determine the final results of the award [1] Group 2 - The "Golden Award" aims to create a reference list of the most valuable listed companies and unicorns in the investment community, covering all listed companies on major exchanges including HKEX, SSE, SZSE, NYSE, and NASDAQ [2]

（来源：经济日报） 转自：经济日报 以"美美与共，和而不同"为主题的"2025中国汽车行业全球化及可持续发展论坛"日前在京举办，来自行业协会、整车及零部件龙头企业等嘉宾围绕全球汽车 产业格局演变、中国汽车行业技术演进和生态开放、企业ESG价值创造等话题开展深入研讨。 中国汽车工程学会名誉理事长、华汽基金会理事长付于武发布《中国汽车可持续发展倡议书》，倡导："汽车企业以可持续发展理念为引领，积极回应利益 相关方期待，规范竞争行为，共同维护良好的行业秩序，推动企业自身和社会经济实现可持续发展。" 商道咨询管理合伙人、北京分公司总经理彭纪来表示，电动化、智能化和供应链重塑带来的新机遇背后，也叠加了电池回收、数据安全、供应链本土化等多 重挑战，行业面临"价格战挤压利润、短期生存压力与长期可持续投入难以兼顾"的核心矛盾。车企要制定供应链赋能路线图，将ESG风险管控前置，筑牢出 海合规防线，打造全球竞争力。 2025中国汽 主办:华汽基金会 协办:中国汽车工程学会、北京汽车博物馆 联合主办:华汽研究院 1 200 11 50 17 RT Vitamine 英美 25 中国汽车全球化 25 与可持续发展论坛 与芬 20 * ...

- The report does not contain any quantitative models or factors related to quantitative finance[1][2][3]

12月22日，格隆汇在线上举办"科技赋能·资本破局"分享会。本次分享会，备受瞩目的卓越公司评选榜单将隆重揭晓，其中格隆汇"金格奖"年度卓越公司评选 中，中国重汽(03808.HK)荣获"年度ESG先锋奖"奖项。 在社会责任维度，中国重汽全方位践行企业担当。对内，公司高度关注员工成长与权益保障，通过搭建培训体系，完善激励机制为员工提供发展平台；对 外，公司积极投身社会公益，通过参与乡村振兴帮扶、开展慈善捐赠等行动，将企业发展成果转化为社会效益，彰显大企业的责任担当。 在公司治理维 度，中国重汽持续完善治理体系。通过优化治理架构、明确权责边界、强化监督机制等举措，不断提升企业可持续竞争力，为业务长期稳定增长、实现高质 量发展筑牢制度保障。 "年度ESG先锋奖"旨在寻找经济效能与社会责任并重的绿色企业与先进企业。该奖项是对公司在环境(Environmental)、社会(Social)、公司治理(Governance) 三方面工作的高度认可，获奖公司在其推广ESG理念、追求高质量可持续发展上均做出了突出贡献。本次评选通过定量数据分析和专家评审团等方式得出最 终结果。 作为中国重卡行业的领军者，中国重汽(03808.H ...

"汽车产业作为实体经济压舱石和新质生产力重要载体 必须以国家高质量发展战略为引领，重视ESG实践，推动技术创新、绿色转型与全球化布局。"中国汽 车工程学会名誉理事长、华汽基金会理事长付于武在"2025中国汽车行业全球化及可持续发展论坛"上表 示。 12月19日，以"美美与共，和而不同"为主题的"2025中国汽车行业全球化及可持续发展论坛"在北京举 办，来自行业协会、汽车及零部件龙头企业、国际机构、投资机构与媒体机构的近两百位嘉宾齐聚一 堂，围绕全球汽车产业格局演变、中国汽车行业技术演进和生态开放、企业ESG价值创造等话题开展深 入研讨。 论坛伊始，付于武首先发布了《中国汽车可持续发展倡议书》，《倡议书》提出：我们倡导汽车企业以 可持续发展理念为引领，积极回应利益相关方期待，规范竞争行为，共同维护良好的行业秩序，推动企 业自身和社会经济实现可持续发展。 中国汽车工程学会副秘书长吴锋表示，电动化、智能化、网联化正在重塑全球汽车产业格局，中国车企 在新能源与智能网联领域的领先优势，使其在全球化进程中扮演着越来越重要的角色。未来全球主要市 场将由过去重点关注汽车产品终端性能、功能，向重视汽车产品全生命周期的可持续性转 ...

Core Insights - The "Golden Award" annual excellence company selection by Gelonghui will reveal a list of notable companies, highlighting those recognized for their contributions to ESG (Environmental, Social, Governance) principles [1][2] Group 1: Award Winners - Ten companies have been awarded the "Annual ESG Pioneer Award (Large Market Capitalization)," including Aier Eye Hospital, Beike, Bosideng, Mengniu Dairy, CATL, Tongcheng Travel, Weichai Power, China Feihe, China State Construction International, and Sinotruk [1] - The award aims to identify companies that balance economic efficiency with social responsibility, recognizing their outstanding contributions to promoting ESG concepts and pursuing high-quality sustainable development [1] Group 2: Evaluation Process - The selection process for the awards involved quantitative data analysis and evaluation by an expert review panel to determine the final results [1] - The "Golden Award" aims to create a reference list of the most valuable listed companies and unicorns in the investment community, covering all listed companies on major exchanges including the Hong Kong Stock Exchange, Shanghai Stock Exchange, Shenzhen Stock Exchange, New York Stock Exchange, and NASDAQ [2]