每经AI快讯，12月12日，美股三大指数收盘涨跌不一，道指涨1.34%，纳指跌0.25%，标普500指数涨 0.21%，大型科技股多数下跌，谷歌跌超2%，特斯拉、英伟达跌超1%。 ...

证券日报网讯12月11日，光力科技（300480）在互动平台回答投资者提问时表示，2025年12月10日，公 司股东人数约为2.5万户。 ...

Core Insights - The article discusses Hank Green's investment strategy, emphasizing a shift from a heavy reliance on the S&P 500 index to a more diversified portfolio due to concerns about AI-driven market bubbles [1][2]. Group 1: Investment Strategy - Hank Green has historically followed the investment wisdom of long-term holding in S&P 500 index funds, which have yielded significant returns: approximately 16% this year, over 20% in the past three years, and about 14.6% over the last twenty years [1]. - Green has decided to hedge his risks by reallocating 25% of his investments from the S&P 500 index fund into a more diversified set of assets, including S&P 500 value index funds, mid-cap stocks, and international index funds [3]. Group 2: Market Concerns - Green expresses concern that the S&P 500 index is more concentrated than ever, with the top ten companies, including Nvidia, Apple, Microsoft, Amazon, Google, and Meta, accounting for nearly 40% of the index [1]. - He believes that even if AI transforms the economy, the biggest winners may not be the large companies creating AI models, as competition among these giants could lead to price competition, benefiting smaller companies [4]. Group 3: Financial Literacy and Advice - Green aims to educate younger generations about thoughtful long-term investment decisions, countering misconceptions that the stock market is a "Ponzi scheme" [5]. - He advocates for opening accounts with established firms and investing in low-cost index funds rather than speculative stocks, emphasizing the importance of financial literacy among younger investors [6]. - Financial advisors agree with Green's perspective on the importance of portfolio diversification, especially in light of potential AI bubbles, recommending a mix of asset classes to reduce volatility and provide stable returns [8].

格隆汇12月11日丨激智科技(300566.SZ)在互动平台表示，公司目前没有产品应用于光通信领域。 ...

Group 1: Federal Reserve Actions - The Federal Reserve announced a rate cut of 25 basis points, bringing the target range for the federal funds rate to 3.5%-3.75%, marking the third cut of the year and a total reduction of 75 basis points [1][10] - Fed Chairman Jerome Powell indicated that further rate hikes are unlikely, attributing current inflation partly to tariff factors, and noted that excluding these factors, inflation is around 2%, close to the Fed's target [1][11] - The Fed's decision to cut rates has alleviated concerns about a hawkish signal, with Powell stating that policymakers are observing economic trends and that rate hikes are not the current baseline scenario [11][12] Group 2: Economic Outlook - The Fed's continued rate cuts are expected to lead to a depreciation of the US dollar, while the Chinese yuan is anticipated to appreciate, potentially attracting more foreign capital into Chinese assets [12][13] - The macroeconomic outlook for 2026 suggests a shift in global capital flows, with funds moving from high-valued US markets to lower-valued A-shares and Hong Kong stocks, enhancing the revaluation potential of Chinese assets [13][16] - China's GDP growth is projected to remain around 5% in 2026, supported by stable economic recovery, which will provide a foundation for the A-share market to maintain a slow bull and long bull trend [17] Group 3: Capital Market Trends - The capital market is expected to see a continued shift towards equity funds, with public fund sales likely to recover, driven by a significant increase in household savings, which have reached 165 trillion yuan [14][15] - The market is anticipated to stabilize above the 4000-point mark, with a gradual upward trend rather than a rapid bull market, characterized by a "two steps forward, one step back" pattern [14][15] - The technology sector, which has been a standout performer, is expected to remain a key investment theme in 2026, alongside potential rebounds in the new energy and consumer sectors [14][16] Group 4: Global Trade and Policy - The negative impact of US-China trade tensions on exports is diminishing, with China's trade surplus exceeding one trillion dollars this year, a historical high [17] - The "dual circulation" strategy emphasizes the importance of both domestic and international markets to ensure sustainable economic growth, balancing external demand with internal consumption and investment [17] - The central government's policies are set to support economic growth through proactive fiscal measures and a moderately loose monetary policy, aiming to create a favorable financial environment [13][14]

美联储不是闲得慌才频繁降息，就业市场的警报早就响了。11月美国私营部门突然少了3.2万个岗位，这是近两年半最大跌幅；失业率从6月的4.1%爬到9月 的4.4%，年轻人找工作越来越难，连辞职换工作的人都跌到四年最低。可尴尬的是，通胀还在2.9%的高位晃悠，超市里的进口果汁涨了15%，家电卖场的日 系冰箱标价直接多了三位数。一边是饭碗要保，一边是钱包要护，降息成了没办法的办法——给企业减点利息，盼着他们多雇人；先扛过就业危机，再等关 税的影响慢慢退去。 三、内部吵成一锅粥 特朗普还要换掌门 这次降息连美联储自己人都没达成共识，12个投票委员里3个投了反对票：有人嫌25个基点不够，喊着要降50点救就业；有人怕通胀更难压，干脆主张按兵 不动。更乱的是白宫的插手，特朗普早就看鲍威尔不顺眼，今年刚复任就威胁要解他的职，最近还忙着见美联储主席候选人，放话说要找个"让利率低得 多"的人。白宫经济顾问哈西特跟着起哄，说"完全能降50点"。可美联储有自己的顾虑，利率已经从高位砍下来不少，再降下去，真碰到经济危机就没"子 弹"了，只能走一步看一步。 一、半年六次降息！鲍威尔特朗普当场互怼 四、全球跟着动起来 普通人的日子有变化 当 ...

来源：上海证券报·中国证券网 12月10日日间盘，国内商品期货主力合约涨跌互现，其中沪银主力合约大涨，再创新高。截至15:00收 盘，沪银涨超5%，集运指数（欧线）涨超3%，碳酸锂、沪锡涨超2%，铁矿石、多晶硅、橡胶等涨超 1%，烧碱、乙二醇、纤维板等微涨 12月10日，国债期货各主力合约收涨。截至收盘，30年期国债期货（TL2603）报收112.790元，上涨 0.340元，涨幅0.30%；10年期国债期货（T2603）报收108.030元，上涨0.060元，涨幅0.06%；5年期国 债期货（TF2603）报收105.825元，上涨0.060元，涨幅0.06%；2年期国债期货（TS2603）报收102.456 元，上涨0.036元，涨幅0.04%。 近日，在"看见・中欧基金2026年度投资策略会"上，中欧权益研究部副总监、基金经理任飞表示，2026 年全球可能面临"再通胀"风险，成因并非传统需求拉动，而是供给约束，特别是全球范围内可能出现的 电力短缺。周期板块或在明年迎来重要机遇，再通胀可能从"潜在风险"转变为投资机遇。 【资金风向标】 Choice数据显示，12月10日，资金净流入额排名前十的个股依次是N ...

Group 1: Gold and Silver Market - Spot gold experienced a slight increase, closing up 0.39% at $4206.59, while currently fluctuating around $4196 [1] - Spot silver reached a milestone of $60 for the first time amid supply tightness, closing up 4.34% at $60.67 [1] Group 2: U.S. Federal Reserve Meeting - The U.S. stock market showed mixed results with the Dow down 0.38% at 47560.29 points, S&P 500 down 0.09% at 6840.51 points, and Nasdaq up 0.13% at 23576.49 points [2] - Investors are closely watching the Federal Reserve's two-day policy meeting, with a 25 basis point rate cut expected [5][6] - Key points of interest include Powell's speech tone, the dot plot for 2026 low-rate forecasts, and the number of dissenting votes within the committee [8] Group 3: International Market Reactions - Asian markets, including Japan and South Korea, initially opened strong but later declined, impacting A50 and A-shares [4] - Analysts suggest that global liquidity concerns are influencing market movements, particularly with Japan's 10-year bond yield surpassing 1.96% [4] Group 4: Political and Economic Developments - President Trump indicated that immediate significant rate cuts will be a key criterion for selecting the new Federal Reserve chair, highlighting potential tensions between the White House and the Fed [9] - Kevin Hassett, a candidate for the Fed chair, expressed that the Fed has ample room to lower the benchmark rate significantly, aligning with Trump's views [9][11] Group 5: Geopolitical Tensions - Ukrainian President Zelensky signaled a willingness to hold elections, marking a significant shift in his stance since the onset of the conflict [14] - Lithuania declared a state of emergency due to security risks from balloons entering its airspace from Belarus, leading to multiple airport closures [16]

专题：2025《中国企业家》影响力企业家年会 12月5日-7日，由《中国企业家》杂志社主办的"2025（第二十三届）《中国企业家》影响力企业家年 会"（原中国企业领袖年会）在北京举行，主题为"涌现·无限——共创智能商业新形态"。东润公益基金 会创始人、理事长孔东梅出席并演讲。 孔东梅谈到，文化，是企业的灵魂。她以美国苹果公司为例，指出其企业文化以偏执创新、用户体验至 上、精简聚焦为核心，贯穿于研发、设计、生产、服务的每个环节，成为全体员工共同遵循的行为准则 与价值判断，助力其始终屹立于科技潮头。 此外，微软公司以"赋能全球每一人、每一组织，成就不凡"为使命，强调技术创新与社会价值的结合， 长期稳居全球科技领军地位。麦当劳则将"服务、质量、清洁和价值"的核心价值观贯穿于全球门店运 营，凭借标准化的快餐文化体系和本地化策略，成为全球最具影响力的快餐品牌。 可见，文化是企业的命脉。"当我们去观察一家企业，最表层的是设备、产品等有形资产，再往内看是 技术、管理等能力，最深层的则是企业的精神文化。决定企业能走多远的，往往是文化底蕴所塑造的战 略定力与价值追求。" 孔东梅表示，中国式现代企业管理的方向，就在于推动中华优秀 ...

Group 1 - The Hong Kong Stock Exchange (HKEX) launched the Hong Kong Stock Exchange Technology 100 Index, which includes 100 large and medium-sized technology companies eligible for Stock Connect trading, highlighting significant growth potential and meeting diverse investment needs [1] - The index features a rapid inclusion mechanism, allowing newly listed companies that meet specific criteria to be added outside the regular review cycle, showcasing the market's recognition of their innovative capabilities and commercial value [1] - The index covers six major technology and innovation themes: artificial intelligence, biotechnology and pharmaceuticals, electric vehicles and smart driving, information technology, the internet, and robotics, providing investors with diversified investment options [1] Group 2 - HKEX signed an agreement with E Fund Management to launch an exchange-traded fund (ETF) tracking the HKEX Technology 100 in mainland China, which will attract more active management investors, particularly international capital [2] - The inclusion of companies like SUTENG JUCHUANG in the HKEX Technology 100 not only affirms their strong past business performance but also highlights their high growth potential and investment value recognized by the Hong Kong market [2]