智通财经APP获悉，据LiveReport大数据，2025年1-12月，港股市场迎来新上市公司共117家，其中IPO上市114家，介绍上市1家，GEM转主板2家。截至12 月底的过去24个月和36个月期间，新上市公司总数量则分别为187家和260家，其中IPO上市分别为184家和252家。从IPO上市中介机构来看，各期间项目 数量最多的有：中金(保荐人)；安永、毕马威(核数师)；竞天公诚(内地律师)；高伟绅(海外律师)；衡力斯、迈普达(开曼律师)；弗若斯特沙利文(行业顾 问)。 | | 港股新股上市统计(数量:家) | | | | --- | --- | --- | --- | | 上市类型 | 2025年 | 过去24个月 | 过去36个月 | | | (2025/1-12) | (2024/1-25/12) | (2023/1-25/12) | | 主板 IP0 | 113 | 180 | 248 | | GEM | 1 | র্ব | 4 | | 合计 | 114 | 184 | 252 | | SPAC | | -1 V60 < > ◎ 入 > | | | 介绍 | 1 | 1 | 3 | | 转板 ...

Core Insights - The labor market is currently slow, with tariffs and the rise of AI impacting hiring capabilities, leading many recent graduates to consider graduate school as a viable option for better job prospects [2][6] - Certain graduate degree programs, particularly in mental health counseling and law, are projected to have high demand and job openings in the coming years, making them attractive for graduates [3][8] Group 1: Labor Market Conditions - The labor market has been sluggish in adding new workers, with tariffs affecting companies' hiring abilities [2] - The presence of AI is significantly impacting entry-level job availability, causing many recent graduates to feel unprepared for the evolving workforce [6] Group 2: Graduate School Trends - Graduate school is becoming a more appealing option for recent college graduates due to the stagnant job market, with law school admissions reaching the highest levels in over a decade [4][6] - Graduate degrees are associated with higher-paying job opportunities compared to those with only a bachelor's degree, and they can also delay student loan repayments [7] Group 3: Employment Projections - The Bureau of Labor Statistics indicates that mental health counselors, substance abuse counselors, and lawyers will see a high demand for jobs in the next several years [3][8] - As of September 2025, the unemployment rate for recent college graduates was 5.8%, higher than the overall unemployment rate of 4.1% for all workers [5]

2025年前三季度，深圳前海现代服务业增加值达1460.3亿元、增长7.9%；实有港资企业10577家，注册 资本8461.4亿元；"世界500强"企业落户183家……近日，《前海深港现代服务业合作区总体发展规划》 （以下简称《前海规划》）迎来发布两周年，前海在制度创新、对外开放、民生融通等方面取得多项阶 段性成果，交出"硬核"成绩单。 截至目前，《前海规划》中的271项重点任务已有115项落地，这片改革热土正加快打造全面深化改革创 新试验平台、高水平对外开放门户枢纽、深港深度融合发展引领区、现代服务业高质量发展高地，持续 释放强劲动能。 深港融合"加速跑" 实施"更短"的自贸区版负面清单，在金融、物流、专业服务等领域，前海主动放宽市场准入；探索在电 信、细胞与基因治疗、外商独资医院等方面允许特别准入，德国西门子数字科技、新加坡绿叶医疗整 形、香港深港细胞谷等项目"破冰"落地……如今，前海已经成为中国吸引外商投资落地条件最好的区域 之一。"我们的外资企业材料少交70%，奖励金到账时间缩短90%，实现'当年到资、当年领奖'。"前海 《前海规划》首次明确将"深港深度融合发展引领区"列为前海四大战略定位之一，这里成 ...

文/飞云 随着12月31日蘅东光（920045）、新广益（301687）两家公司上市，2025年全年A股合计新上市公司116家，其 中沪市主板23家、科创板19家，深市主板15家、创业板33家，北交所26家。本文统计这116家上市公司的中介 机构签字人员，看看谁是2025年A股最强IPO签字保代、律师、会计师。 一、签字保荐代表人 2025年A股IPO项目量最多的签字保代分别是东方证券的刘俊清、中信证券的刘拓、国泰海通的强强、招商证 券的徐国振、华泰联合的孙琪及张帅。以上保代2025年项目单数均达到2单。 | 排名 | IPO签字保代 | 保荐机构 | 业务单数 | 签字项目 | | --- | --- | --- | --- | --- | | 1 | 刘俊清 | 东方证券 | 2 | 泰鸿万立 | | | | | | 志高机械 | | 1 | 刘拓 | 中信证券 | 2 | 塞分科技 | | | | | | 1 北矿检测 | | 1 | 強躍 | 国泰海通 | 2 | 悍高集团 | | | | | | 首航新能 | | 1 | 徐国振 | 招商证券 | 2 | 信通电子 | | | | | | 天湖计量 ...

Core Insights - In 2025, a total of 40 companies were approved for mergers and acquisitions in the A-share market, achieving a 100% approval rate [1][9]. Independent Financial Advisors Performance Ranking - A total of 19 independent financial advisory firms participated in the 40 approved M&A projects, with the top three firms being: - First: Huatai United with 8 projects - Second: CITIC Construction with 7 projects - Third: CITIC Securities with 6 projects [1][11][12]. Legal Advisors Performance Ranking - 25 law firms were involved in the legal services for the 40 approved M&A projects, with the top three being: - First: Beijing King & Wood Mallesons with 5 projects - Second: Beijing Jiyuan with 4 projects - Third: Beijing Zhonglun, Shanghai Jintiancheng, and Zhejiang Tiancai, each with 3 projects [2][13][15]. Accounting Firms Performance Ranking - 19 accounting firms provided auditing services for the 40 approved M&A projects, with the top three being: - First: Tianjian with 9 projects - Second: Lixin with 7 projects - Third: Xinyong Zhonghe with 4 projects [4][16]. Asset Appraisal Agencies Performance Ranking - 20 asset appraisal agencies were involved in the asset evaluation for the 40 approved M&A projects, with the top three being: - First: Zhonglian Appraisal with 10 projects - Second: Jinzhen Appraisal with 5 projects - Third: Zhongqihua with 4 projects [6][17].

Group 1: Social Security and Education - New regulations regarding social security and education will take effect on January 1, 2026, addressing issues such as exam cheating and public safety [2] - The revised law includes penalties for behaviors like high-altitude throwing, unauthorized drone flights, and negligence leading to animal harm [2] Group 2: Early Childhood Education - A new notification on early childhood education fees mandates that public and non-profit private kindergartens must follow government-guided pricing for tuition and accommodation [4] - For profit-oriented private kindergartens, fees will be subject to market regulation, and a clear fee list must be established and publicly displayed [4] Group 3: Electric Vehicles - A mandatory energy consumption standard for electric vehicles will be implemented, requiring necessary technical upgrades for new products [6] - For vehicles weighing around 2 tons, the new standard limits energy consumption to no more than 15.1 kWh per 100 km, potentially increasing the average driving range by approximately 7% [6] Group 4: Taxation - The new VAT law will come into effect, marking a significant step in establishing legal frameworks for taxation in China [8] - With the introduction of this law, 14 out of 18 existing tax types will now have legal statutes, enhancing the principle of tax legality [8] Group 5: Personal Credit - A one-time credit repair policy will be enacted, allowing for automatic adjustments to credit reports based on repayment conditions starting January 1, 2026 [10] - Overdue records from January 1, 2020, to December 31, 2025, will not appear on credit reports if specific conditions are met [10] Group 6: Cybersecurity - The revised cybersecurity law will support AI research and development, focusing on risk monitoring and safety regulation [12] - The law aims to enhance the infrastructure for AI, including data resources and computing power, while promoting ethical standards [12] Group 7: Civil Cases - The updated civil case regulations will include disputes related to data and virtual property, expanding the total number of case types to 1,055 [14] - The revisions also address intellectual property, competition disputes, and protections for new employment forms and elderly rights [14]

看病买药更方便、实惠 国家医保局提出：2026年，职工医保个人账户资金将全面实现跨省共济使用，在国家医保服务平台上开通"医保钱包"，个人账户资金就能转账给配偶、父 母、子女，以及兄弟姐妹等近亲属，在就医购药、参保缴费时使用，今年这项政策将惠及更多地方。同时，1月1日起，新版医保目录将正式实施，新增114 种药品，覆盖肿瘤、慢性病、精神疾病等重点领域。 本文转自【央视新闻客户端】； 2026年，你的哪些生活计划，正好落在重大政策和事件发生的节奏上？ 换新车、买大件 2026年国家将继续推动大规模设备更新和消费品以旧换新政策，除了原有的汽车、家电、手机等产品，还新增加了智能眼镜和智能家居产品。记者梳理了各 地的推进情况发现，截至2025年12月31日，至少有100多个市、县一级商务部门开始征集或公示参与以旧换新的企业，不少地方明确要求："放大补贴规 模""让更多消费者参与进来"，大家可以持续关注自己所在地区的相关政策。 米兰冬奥会、足球世界杯等体坛赛事举办 规划好日常，也别忘了给热爱留出时间。体育迷将在2026年大饱眼福：2月米兰冬奥会开启冰雪盛宴，6-7月足球世界杯将点燃夏日激情，到了秋天还有亚运 会和青年奥运 ...

"如果中国消费在全球的占比能够接近制造业的体量，中国将新增一个不低于10万亿美元的超大消费市场。" 在中国（海南）改革发展研究院院长、海南自由贸易港研究院院长迟福林看来，这正是"十五五"时期中国经济高质量发展的关键变量。 12月29日，第63期南方出版论坛在广州举行，迟福林以《高质量发展与全面深化改革》为题作专题报告，围绕"内需主导、消费拉动"的发展路径，系统阐释 了"十五五"时期中国经济的重点方向与改革着力点。 在他看来，在全球经济不确定性明显上升、国际经贸秩序面临深刻调整的背景下，"坚持内需主导、建设强大国内市场"，将是适应发展阶段变化、增强中国 经济韧性的战略选择。 中国（海南）改革发展研究院院长、海南自由贸易港研究院院长迟福林（图源：时代周报黎广/摄） 服务型消费仍有提升空间 在迟福林看来，中国大市场由两大基本要素构成——中国制造与中国消费。前者正在通过转型升级，为全球提供创新与投资空间；后者则有潜力为世界经济 提供规模可观的新增需求。 他用一组数据作对比：2023年，中国制造业增加值占全球比重达28%，而最终消费支出占全球消费支出的比重仅为13.2%。如果中国最终消费支出的全球占 比能够与制造业大体 ...

Group 1 - The Hong Kong capital market is experiencing a strong recovery, with 108 IPOs completed in 2025, raising approximately HKD 277.1 billion, a year-on-year increase of over 216%, making it the largest IPO market globally [1][2] - Ernst & Young (EY) successfully supported 39 companies in their IPOs on the Hong Kong Stock Exchange, maintaining a leading market share in IPO audit services [1][2] - The market is seeing increased participation from mainland investors, with a shift towards a more mature and efficient ecosystem, where listing is viewed as a strategic move for governance upgrade and global expansion [2][3] Group 2 - Various forums have been organized in cities like Suzhou, Chengdu, Ningbo, Hefei, and Wuhan to provide support for companies preparing for IPOs, focusing on compliance, financial readiness, and strategic insights [3][11][17][23][28] - Key discussions at these forums included the importance of financial models, legal compliance, and the need for a robust governance structure to ensure long-term success post-IPO [5][7][9][12][16] - The forums emphasized the necessity for companies to proactively build compliance capabilities and address potential issues early in the IPO process [3][11][23][25][34] Group 3 - The 2025 IPO market is characterized by structural differentiation, where companies with core technological advantages can achieve reasonable valuations despite short-term losses [11][30] - The focus on sustainable growth and the ability to tell a compelling business story is becoming increasingly important for attracting investor interest [5][30] - The upcoming year 2026 is anticipated to be a turning point for the Hong Kong market, with expectations of deeper institutional reforms and a return to value-based investing [36][37]

整个2025年，我与无数企业领袖探讨了他们的AI战略，试图了解哪些措施有效，哪些构成了阻碍。随 着时间推移，我注意到有三个趋势在不同公司和行业中反复出现，它们决定了哪些企业能借助AI取得 成功，哪些会陷入困境。现将这些趋势汇总，分享来自AI转型一线的经验教训。 首先，AI在后端任务中的应用正在蓬勃发展，这表明真正能产生实际影响的往往是那些"枯燥"的工作。 第二个趋势与技术无关，而关乎人：企业如何对待员工，对其AI应用的成败至关重要。然而，或许最 能说明问题的趋势是关于初始战略和动机的：追逐AI技术本身的企业往往失败，而以解决问题为出发 点的企业则能取得成功。 当然，成功的因素远不止这些——从数据治理到安全与合规。但上述这些趋势，无论好坏，正在塑造企 业的AI实践。 摒弃"为AI而AI" 咨询公司韦斯特门罗（West Monroe）的AI与新兴技术负责人埃里克·布朗（Erik Brown）今年早些时候 告诉《财富》，他目睹了许多公司在概念验证未能达到预期后，陷入了"AI疲劳"。他指出，陷入此境地 的企业有一个共同点：要么选错了应用场景，要么误解了AI在该任务中可能（或不可能）发挥的作 用。更具体地说，他们的出发 ...