深圳 " 十五五 " 规划建议全文公布 。 12月29日，据深圳发布微信号消息，中共深圳市委关于制定深圳市国民经济和社会发展第十 五个五年规划的建议（《建议》） 全文 公布。 "十五五" 时期 ，深圳经济如何发力？ 现代化产业体系是中国式现代化的物质技术基础，《建议》提到，加快推动新兴产业发展壮 大、未来产业成形成势、传统产业优化升级，持续建设好全球领先的重要的先进制造业中 心。其中，加快新兴产业发展壮大，实施产业创新工程，一体推进创新设施建设、技术研究 开发、产品迭代升级，实施新技术新产品新场景大规模应用示范行动，加快新一代信息技 术、新能源、高端装备、医药和医疗器械、新材料、低空经济、航空航天等战略性新兴产业 集群发展，扩大智能终端、网络与通信、智能网联汽车、集成电路、全屋智能等产业优势。 加快未来产业成形成势，探索多元技术路线、典型应用场景、可行商业模式、市场监管规 则，建立未来产业投入增长和风险分担机制，推动第六代移动通信、生物制造、具身智能、 光载信息、细胞与基因、脑机接口、氢能和核聚变能、量子科技等成为新的经济增长点。 《建议》提到，促进服务业优质高效发展，加快建设具有全球重要影响力的产业金融中心 ...

Group 1 - The core viewpoint is that dividend assets are gaining attention in the current market due to their certainty of returns and defensive characteristics, especially in a rising valuation environment and declining risk-free interest rates [1] - The market shows structural characteristics where some blue-chip stocks have limited price increases but offer attractive dividend yields of 3%-4% combined with annual growth expectations of 5%-10% [1] - Traditional dividend ETFs have seen their dividend yields exceed 5% again, significantly higher than the domestic ten-year government bond yield of less than 2% [1] Group 2 - Among various dividend strategies, the CSI Dividend ETF (515080.SH) is a classic high-dividend representative focusing on energy and finance, currently offering a dividend yield over 5% and demonstrating strong defensive characteristics in bear markets [2] - The CSI Dividend Quality ETF (159209.SZ) emphasizes "growth" and "profit quality," focusing on consumer and pharmaceutical sectors, with its total return index rising over 20% this year, led by Kweichow Moutai as its largest weighted stock [2] - The Hong Kong Dividend Low Volatility ETF (520550.SH) focuses on "high dividends" and "stability," with its total return index increasing over 28% this year, making it an ideal defensive choice during market fluctuations [3] Group 3 - For conservative investors, a combination of "A-share Dividend Quality (growth offensive) + Hong Kong Dividend Low Volatility (high-yield defensive)" is recommended, achieving dual diversification across markets and strategy factors [5] - Both products are characterized by low fees and monthly dividends, making them suitable for long-term holding to smooth out volatility and secure predictable returns [5]

2025年，我国保持支出强度，全年一般公共预算支出超过29万亿元。同时，顺利发行超长期特别国债1.3万亿元，更大力度支持"两重"项目， 加力扩围实施"两新"政策。 央视网消息：12月27日至28日，全国财政工作会议在北京召开。记者从会议上了解到，2025年，我国积极财政政策打出一系列"组合拳"，有力 有效支持经济向新向优发展。 新增地方政府专项债券4.4万亿元。盘活5000亿元债务结存限额，补充地方综合财力。发行5000亿元特别国债补充国有大型商业银行资本，有 力增强信贷投放能力。 值得一提的是，2025年，更加积极的财政政策在供需两端激发消费潜力，出台实施个人消费贷款和服务业经营主体贷款贴息政策。 此外，2025年，更加积极的财政政策精准发力支持高质量发展，大幅增加基础研究投入，组织开展新型技术改造城市试点、中小企业数字化转 型试点。 同时，持续加强民生保障，充实稳就业政策工具。逐步推进免费学前教育，提高国家奖学金、助学金标准，建立育儿补贴制度。数据显示，财 政在中国式现代化建设中的支撑和保障作用越来越强。 中央财经大学财税学院教授白彦锋介绍，"十四五"时期相比上一个五年，我们国家财政实力进一步增强。财政收 ...

2025.12. 29 本文字数：2011，阅读时长大约4分钟 作者 | 第一财经 樊志菁 本月初，市场因担忧人工智能相关支出拖累科技股走弱而出现震荡，不过美股随后迅速企稳回升。圣 诞节假期前一日，标普500指数收盘再创历史新高，距离首次站上7000点关口仅差约 1%。 投资者 期望美股市场在下周以强势表现收官2025年，为又一个强劲年份画上句号。这一基准指数正朝着连 续第八个月上涨的目标迈进，若能实现，将创下2017-2018年以来最长的月度连涨纪录。 美联储政策悬念持续 随着假期来临，上周发布的数据有限，市场对美联储的政策前景预测仍然并不明朗。 美国政府周二发布的延迟数据显示，在强劲消费支出的推动下，美国经济增速创下两年来新高。美国 经济分析局发布的初步预估数据显示，三季度实际国内生产总值（GDP）同比增长4.3%，远高于市 场普遍预期值3.3%。 圣诞行情能否如期上演 受第三季度经济增长报告好于预期的提振，美国三大股指上周延续升势。标普500指数周五盘中一度 触及6945.77点的历史新高。 板块方面，道琼斯市场统计显示，原材料板块涨幅居首，攀升2.4%；科技板块与金融板块紧随其 后，分别上涨1.8%和 ...

Group 1 - The article emphasizes the increasing diversity of complaint channels available to consumers beyond the well-known 12315 platform, which is managed by the State Administration for Market Regulation [1][9] - The 12315 platform is recognized for its authority and ability to escalate complaints to local market regulatory departments, particularly for clear-cut cases involving food safety, price fraud, and false advertising [2][10] - The article outlines the importance of industry-specific complaint channels, which are often more knowledgeable and efficient in handling disputes [3][11] Group 2 - Media and third-party platforms, such as Black Cat Complaints, have emerged as popular alternatives for consumers, especially younger demographics, due to their ability to exert social pressure on companies through public attention [4][14] - Black Cat Complaints operates as a neutral third-party platform, allowing users to submit complaints quickly and track their progress, significantly reducing the time and effort required for consumer advocacy [5][15] - The article highlights the role of consumer associations and legal avenues as additional resources for consumers, with associations providing mediation and legal routes serving as a last resort for significant disputes [6][16] Group 3 - Specific complaint channels are recommended for various sectors, such as telecommunications, finance, transportation, and internet platforms, each with designated regulatory bodies to address consumer issues effectively [12][19] - The article stresses the importance of gathering evidence, such as order records and communication screenshots, regardless of the chosen complaint channel, as this is crucial for successful advocacy [20]

Core Insights - The first "Specialized, Refined, Characteristic, and Innovative" enterprises overseas conference was held in Beijing, focusing on empowering these enterprises to expand internationally and providing a platform for policy interpretation, experience sharing, and resource integration [1][3] Group 1: Conference Overview - The conference gathered government leaders, industry experts, and representatives from specialized enterprises to discuss new paths for internationalization [3] - The theme "Gathering Chains to Empower Navigation" emphasized the importance of direction and methods for these enterprises to successfully establish themselves abroad [1][3] Group 2: Government and Institutional Support - The government and institutions are committed to supporting specialized enterprises through policies, funding, and resources, with a focus on creating a collaborative ecosystem for international expansion [4][5] - The establishment of the "Specialized and Innovative Enterprises Overseas Reception Hall" aims to provide comprehensive services including policy interpretation and market entry support [9] Group 3: Strategic Insights and Expert Contributions - Experts highlighted the strategic necessity for enterprises to go global, supported by national policies and the evolving international landscape [7] - Discussions included practical experiences and strategies for navigating international markets, addressing challenges, and leveraging opportunities [10] Group 4: Collaborative Models and Partnerships - The conference facilitated strategic partnerships between state-owned enterprises and specialized firms, aiming to create a synergistic model for international expansion [5][9] - The collaboration is expected to enhance resource sharing and operational efficiency for enterprises venturing into global markets [6][9]

Group 1 - Hainan Free Trade Port officially launched on December 18, creating a zero-tariff zone that facilitates trade and attracts global businesses [1][3] - Southeast Asian goods are now flowing into Hainan, with companies able to process and export to mainland China tax-free if they add 30% value [1][3] - The shift in trade routes has led to a decrease in business for Singapore's port, with a notable drop in fuel and maintenance orders [1][3] Group 2 - Hainan's policies provide a competitive advantage for ASEAN countries, allowing them to bypass Singapore for processing and shipping, thus reducing costs and time [3][11] - The transition has resulted in increased shipping activity at Yangpu Port, while Singapore's container throughput has declined [11][13] - Global shipping companies are relocating their headquarters to Hainan due to its favorable business environment and lower costs [11][13] Group 3 - Singapore's economic reliance on transshipment trade is being challenged by Hainan's emergence, leading to potential job losses and increased pressure on its workforce [11][13] - The diplomatic efforts by Singapore to mediate between China and Japan have backfired, causing tensions with China and highlighting Singapore's limited influence [5][7][9] - The changing trade dynamics emphasize the importance of efficiency and cost in global trade, with Hainan's advantages prompting Singapore to reconsider its economic strategies [9][18]

截至2025年12月26日收盘，国网英大(600517)报收于6.06元，上涨0.33%，换手率0.46%，成交量26.55万 手，成交额1.61亿元。 国网英大全资子公司英大证券拟将其持有的英大期货100%股权以112,928.62万元的价格出售给中国石油 集团资本有限责任公司。交易价格以2025年3月31日为评估基准日，经沃克森评估并备案确认，采用市 场法评估，增值率8.31%。本次交易不构成关联交易或重大资产重组，尚需国有资产监督管理部门批准 及中国证监会核准。交易完成后，英大期货将不再纳入公司合并报表范围。 交易信息汇总资金流向 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 12月26日主力资金净流出816.51万元，占总成交额5.07%；游资资金净流入0.62万元，占总成交额 0.0%；散户资金净流入815.89万元，占总成交额5.07%。 来自交易信息汇总：12月26日主力资金净流出816.51万元，占总成交额5.07%。 来自公司公告汇总：国网英大全资子公司英大证券拟以112,928.62万元向中国石油集团资本有限责 ...

Core Viewpoint - The "Sanya International Forum and the Fifth Sanya Wealth Management Conference" highlighted the strong growth phase of service trade, particularly service exports, which are increasingly vital for economic growth in the context of rising trade protectionism [1][4]. Group 1: Service Trade Growth - Service exports grew by 14.2% from January to October 2024, with an expected annual growth of 18.2% [5][6]. - Travel service exports surged by 54.4%, driven by high-level unilateral open policies and visa exemptions for 75 countries [6][7]. - The contribution of service exports to nominal GDP growth reached 0.34% in the first three quarters of 2024, indicating a rising impact on economic growth [9]. Group 2: Industry Integration and Opportunities - The integration of service trade with secondary industries is enhancing service export growth, particularly in maintenance and repair services [7][9]. - The establishment of a maintenance base for international cruise ships in Hainan represents a significant opportunity for service exports [11]. - The digital economy is driving growth in data trade, which constitutes about 20% of service exports [8][9]. Group 3: Hainan Free Trade Port Advantages - Hainan's local product exports grew at an annual rate of 13.6%, surpassing the national average of 8.1% [10]. - Companies registered in Hainan experienced a 25.3% annual growth in exports, indicating the effectiveness of Hainan's geographical advantages [10][11]. - The service trade growth rate in Hainan from January to October was 84.6%, significantly higher than the national average of 5.8% [11]. Group 4: Emerging Sectors and Cultural Exports - Personal cultural entertainment service exports from Hainan increased by 20 times compared to the previous year, showcasing substantial growth potential [12]. - The financial sector in Hainan has seen a 16-fold increase in imports and a 4.6-fold increase in service exports, indicating a competitive edge in financial services [12][14]. - The overall service export dependency in Hainan is 6.2%, compared to the national average of 2.6%, highlighting Hainan's unique advantages in service trade [13].

Group 1 - The concept of the "kill line" in the U.S. reflects the idea that survival is contingent upon paying taxes and expenses, which are likened to a survival tax imposed by capitalists [3][6][18] - Essential expenditures such as healthcare, insurance, education, and housing account for 60% to 80% of living costs for ordinary Americans, creating a financial burden that is difficult to escape [3][4] - The financial, insurance, and real estate sectors, collectively referred to as the FIRE industries, have seen significant growth, with their value-added share of U.S. GDP rising from 10.4% in 1947 to 20.36% in 2007, and employment in these sectors increasing nearly fourfold over 60 years [7] Group 2 - The wealth distribution in the U.S. is severely imbalanced, with safety nets intended to protect ordinary citizens instead benefiting the wealthy, leading to increased financial strain on the lower classes [6][9] - The rising number of homeless individuals in the U.S. correlates with the increasing wealth of the upper class, exemplifying the K-shaped recovery where the rich get richer while the poor suffer [13] - As of Q3 2025, U.S. household debt has surpassed $15 trillion, with a delinquency rate of 4.49%, indicating an underlying debt crisis among lower-income households [14]