本次宣讲会搭建了政策传导、银企互动、经验共享的交流平台，是滨州推动科技金融协同、优化中小企 业融资环境的重要举措，为科创强市建设注入强劲金融动能。 今年以来，交通银行滨州分行紧扣滨州地区产业资源禀赋，持续深化科技金融"主动授信"服务模式，积 极落实推广科技创新和技术改造再贷款政策、"科融信"综合服务平台等措施，信贷支持全市科技类企业 50余户，金额6亿余元。下一步，将持续贯彻落实活动精神，聚焦全市科技创新重点领域与关键企业， 优化专属信贷产品与服务流程，推动金融资源向科技型企业精准配置。同时，继续强化与政府、企业、 同业的常态化沟通协作，切实提升科技金融服务的覆盖面与满意度，为滨州建设区域科创高地贡献更多 交行力量。 12月19日上午，由中国人民银行滨州市分行、中共滨州市委全面深化改革委员会办公室、滨州市科技局 联合主办，滨州市金融学会、交通银行滨州分行承办的"滨州市科技金融赋能科创强市工作推进暨政策 宣讲会"成功举办。会议旨在深入贯彻落实党中央关于科技金融发展的决策部署，强化金融资源对科技 创新的支撑作用，助力滨州科创强市建设。 会议最后，人民银行滨州市分行有关领导就科技金融赋能科创强市作阶段性总结并对下一 ...

来源：智通财经 智通财经12月22日讯（编辑 冯轶）智通财经为您带来今日港股重要公告 1）公司要闻 乐华娱乐(02306.HK)：公司及优酷信息技术与优酷订立2026年业务合作框架协议。 信保环球控股(00723.HK)：与广西丰林(601996.SH)签订合作协议，共同开发欧盟木板及相关产品市 场。 滔搏(06110.HK)：于2025/26财政年度第三季度零售及批发业务的总销售金额按年同比取得高单位数下 跌。 滴普科技(01384.HK)：与沐曦股份订立战略合作协议，旨在利用双方各自的优势及资源，在企业级大模 型AI应用领域方面深化战略合作关系。 公告称，根据战略合作协议，双方将根据自身优势资源，聚焦制造、商业流通、交通、医疗等关键行业 数智化需求，成立联合技术攻关团队，打造从底层硬件算力平台到 AI级企业操作系统以及Agentic AI应 用的全栈国产AI端到端解决方案。 和誉-B(02256.HK)：和誉医药CSF-1R抑制剂贝捷迈®获中国NMPA批准。 万科企业(02202.HK)：2022年度第四期中期票据(本金总额20亿元)存续期内的本息兑付日之宽限期延长 至30个交易日。 国泰航空(00293 ...

美国私募信贷市场——这一曾被华尔街鼓吹为个人投资者"避风港"和稳定收益来源的万亿级领域，正面 临着基本面恶化与信心崩塌的双重冲击，由此引发的资产重估正在刺破行业的繁荣泡沫。 作为这一危机的最新注脚，私募信贷巨头Blue Owl Capital近日因风险考量，退出了为甲骨文一项价值 100亿美元的AI数据中心项目提供融资的谈判，这一消息迅速引发了市场对大规模基础设施融资链条断 裂的恐慌。 该事件不仅暴露了信贷市场对科技巨头激进资本支出的态度已发生根本性逆转，更直接导致甲骨文股价 承压，其主要合作伙伴及整体科技板块随之波动。 这一融资受阻事件并非孤例，而是整个私募信贷行业风险蔓延的缩影。 随着违约率上升和高利率环境下的借款人压力显现，包括KKR、贝莱德在内的顶级资产管理公司旗下 面对个人投资者的商业发展公司（BDC）正遭遇股价暴跌、坏账激增和赎回压力的多重围剿。 这场风波对整个规模超过2万亿美元的私募信贷行业构成考验。该行业此前主要面向大型机构投资者和 富裕个人，但BDC的困境显示，当个人投资者——他们往往在错误时机退出——进入这一市场时，可 能面临何等代价。 此外，摩根大通首席执行官Jamie Dimon警告称 ...

以下文章来源于科创板日报 ，作者卞纯 该行还指出，上市公司海外营收增长预计将推动MSCI中国指数成分股的盈利到2030年每年增加约1.5%，中国AI科技生态系统的估值已重 新评估，但考虑到中国在资本支出方面的潜在增长空间以及对人工智能商业化的重视程度，与美国相比仍然显得便宜。 科创板日报 . 专注科创板和科技创新，上海报业集团主管主办，界面财联社出品。 受益于投资者重估中国科技行业价值，以及家庭储蓄流入股市等利好，今年中国股票强劲反弹。高盛最新预测， 中国股票在2026年料将延 续涨势 。 "我们预计（中国股票）牛市将持续，但上涨节奏会有所放缓。"以高盛首席中国股票策略师刘劲津为首的分析师团队在周一发布的报 告中表示。 高盛分析师认为，中国股市周期正从'预期驱动'转向'盈利驱动'，在这一阶段，盈利兑现与估值温和扩张将成为推动回报的核心动力。报告 指出， 中国企业盈利明年可能增长14%，2027年或继续增长12% ； 而估值扩张程度或在10%左右。 高盛分析师重申， 中国股票市场到2027年底可能再上涨38% 。 刘劲津上个月曾表示，AI引领的中国股票上涨远非泡沫，因为中国科技公司仍有空间通过专注于AI应用来提 ...

Core Viewpoint - The U.S. private credit market, once touted as a "safe haven" for individual investors, is facing a dual shock of deteriorating fundamentals and collapsing confidence, leading to a reassessment of asset values [2] Group 1: Market Dynamics - Blue Owl Capital's withdrawal from financing Oracle's $10 billion AI data center project has triggered market fears of a breakdown in large-scale infrastructure financing [5] - This incident highlights a fundamental shift in the credit market's attitude towards aggressive capital expenditures by tech giants, resulting in pressure on Oracle's stock price and its partners [3][4] - The private credit industry, valued at over $2 trillion, is under significant stress as default rates rise and borrowers face pressure in a high-interest environment [4] Group 2: Impact on Business Development Companies (BDCs) - BDCs, which primarily serve individual investors, are experiencing significant stock price declines despite the S&P 500's approximate 16% increase this year [9] - The assets managed by BDCs have more than doubled since 2020 to around $450 billion, but the current market conditions are punishing investors who exit at the wrong time [10] - FS KKR Capital's stock has dropped about 33% this year, with a rising bad loan rate from 3.5% in January to approximately 5% by September [11][12] Group 3: Credit Quality and Defaults - The credit quality of BDCs is deteriorating, with significant investments facing default risks, such as KKR's $350 million investment in Kellermeyer Bergensons Services [11] - BlackRock's BDC reported a 7% default rate on loans, highlighting the systemic issues within the sector [13] - The situation is exacerbated by scandals involving companies like First Brands, which have led to substantial unrealized losses for firms holding their debt [14] Group 4: Liquidity and Valuation Issues - The liquidity crisis and valuation disputes are accelerating the market's decline, as seen in Blue Owl's failed attempt to merge its private BDC with publicly traded counterparts [15] - The disconnect between private asset pricing and public market valuations is causing panic-driven redemptions from investors [15] - Individual investors attracted by high dividends are now facing significant uncertainty regarding both returns and principal safety [16]

Group 1: US Macro Strategy - The US employment data and CPI showed a weak trend, with the unemployment rate rising sharply to 4.6% in November, while new jobs added were 64,000, slightly above expectations [2] - The November CPI recorded 2.7%, significantly below the expected 3.0%, indicating a softening inflation trend despite potential statistical distortions [3] - The Federal Reserve's next chair confirmation may lead to further pricing in of rate cuts, with short-term bonds benefiting from this trend [3] Group 2: US Stock Market - The S&P 500 index rose by 0.10% and the Nasdaq by 0.48%, with market fluctuations driven by concerns over AI infrastructure spending and subsequent CPI data easing inflation worries [4] - The stock market remains at high valuations, with ongoing concerns about AI bubbles and monetization pressures, suggesting a potential 10%-20% market correction could lead to more reasonable valuations [4] Group 3: Currency and Gold - The US dollar is expected to enter a downward phase due to weak employment data and the upcoming confirmation of the new Fed chair, although a sustained decline is not anticipated [5] - The Chinese yuan is likely to appreciate due to the continuation of the Fed's rate cut cycle and increased demand for currency exchange [5] - Gold prices are expected to remain bullish, supported by ongoing Fed rate cuts and geopolitical uncertainties [5] Group 4: China Macro Strategy - Domestic economic data showed weak internal demand, with retail sales of passenger cars declining significantly in December [7] - The fiscal revenue growth slowed in November, with a notable drop in land sales revenue, while fiscal spending remains weak [8] - The bond market experienced fluctuations, with the 10-year government bond yield remaining stable at 1.83% [8] Group 5: A-shares and Hong Kong Market - The A-share market showed slight fluctuations, with the Shanghai Composite Index up by 0.03%, while growth stocks underperformed due to external pressures [9] - The Hong Kong market faced challenges with the Hang Seng Index down by 1.10%, but medium-term outlook remains positive due to the Fed's rate cut cycle [10] - High-dividend and financial sectors showed relative strength, indicating a preference for stable investments amid economic pressures [10]

中共武汉市委十四届十二次全体会议认真学习贯彻党的二十届四中全会精神，深入贯彻落实习近平 总书记考察湖北重要讲话精神，按照中共湖北省委十二届十一次全体会议部署，全面分析国际国内形势 和事关武汉发展的重大问题，就制定全市国民经济和社会发展"十五五"规划提出以下建议。 一、"十五五"时期是全力打造"五个中心"、全面建设现代化大武汉的关键时期 1."十四五"时期我市发展取得重大成就。"十四五"时期是武汉发展史上极不寻常、极不平凡的五 年。五年来，习近平总书记两次亲临湖北武汉，为武汉改革发展擘画蓝图、指路领航。面对错综复杂的 国际形势、艰巨繁重的改革发展稳定任务和百舸争流的城市竞争态势，市委牢记嘱托、感恩奋进，深入 学习贯彻习近平总书记考察湖北重要讲话精神，认真落实省委部署要求，团结带领全市人民迎难而上、 砥砺前行，经受住世纪疫情严重冲击，有效应对一系列风险挑战，奋力推进疫后重振和高质量发展，英 雄城市浴火重生，经济社会发展生机勃勃。经济实力整体跃升。经济发展从疫情导致的断崖式下滑到稳 住基本盘、跑出加速度、重回主赛道，经济总量跨越2万亿元台阶，主要经济指标增速保持同类城市前 列，在区域发展中的辐射带动作用不断增强。创 ...

人民财讯12月22日电，企查查APP显示，近日，海南霁元科技有限责任公司成立，法定代表人为俞涛， 注册资本为2亿元，经营范围包含：以自有资金从事投资活动；新兴能源技术研发；资源再生利用技术 研发；节能管理服务；供应链管理服务等。企查查股权穿透显示，该公司由众合科技（000925）持股的 浙江元应科技集团有限公司全资持股。 ...

Core Insights - The U.S. private credit market, once seen as a safe haven for individual investors, is facing a dual shock of deteriorating fundamentals and collapsing confidence, leading to asset revaluation and the bursting of a bubble in the industry [1][2] - Blue Owl Capital's withdrawal from financing Oracle's $10 billion AI data center project highlights a fundamental shift in the credit market's attitude towards aggressive capital expenditures by tech giants, resulting in pressure on Oracle's stock and the broader tech sector [1][3] Group 1: Market Dynamics - The private credit industry, valued at over $2 trillion, is under significant stress as rising default rates and high-interest environments put pressure on borrowers, leading to stock price declines and increased bad debts for major asset management firms like KKR and BlackRock [1][4] - The Business Development Companies (BDCs) that cater to individual investors are experiencing severe stock price drops, with some down by double digits despite the S&P 500 rising approximately 16% this year [4][6] Group 2: Financial Health of BDCs - FS KKR Capital's stock has fallen about 33% this year, with its non-performing loan rate increasing from 3.5% in January to approximately 5% by September, indicating deteriorating credit quality [6] - BlackRock's BDC reported that 7% of its loans were in default, highlighting the growing concerns over credit quality within the sector [6] Group 3: Liquidity and Valuation Issues - Blue Owl's attempt to merge its private BDC with publicly traded BDCs failed due to significant valuation discrepancies, with public BDCs trading below their net asset value (NAV) [7] - The lack of liquidity in private assets during market downturns complicates pricing, leading to panic-driven redemptions from investors attracted by high dividends, thus increasing uncertainty regarding principal safety [7]

（来源：中华工商时报） 本次会议坚持问题导向和需求导向，邀请吉林省通用机械（集团）股份有限公司、长春旭阳工业（集 团）股份有限公司、吉林省长春皓月清真肉业股份有限公司、长光卫星技术股份有限公司、吉林省铭医 投资有限公司、吉林省统泰实业有限公司、长春市万易科技有限公司7家省内重点民营企业主要负责 人、相关负责人，以及中国工商银行吉林省分行、中国建设银行吉林省分行、上海浦东发展银行长春分 行、吉林银行、吉林农村商业银行、东北证券6家金融机构主要负责人、相关负责人参会。 会上，民营企业清晰阐述融资堵点与资金需求，金融机构紧扣企业经营实际与行业发展特点，结合问诊 成果现场量身定制融资方案、提供专业指导建议，实现企业需求与金融服务精准匹配、诉求问题即时响 应。交流环节中，民营企业与金融机构展开深度洽谈，就融资产品适配、合作流程推进等具体事宜进行 磋商。会议明确要求，金融机构需按规定时限反馈工作进展及对接成果，确保形成高效工作闭环。 下一步，吉林省委统战部、省委金融办、省工商联将持续优化银企对接机制，通过实施"面对面会 商""总与总联动""实打实推进"的具体举措，推动政银企合作从"精准对接"走向"高效落地"。建立政银企 ...