Core Viewpoint - The EU's plan to use frozen Russian assets to fund Ukraine is facing collective opposition from several member states, raising uncertainties in the aid process for Ukraine [1][2][4] Group 1: Opposition from Member States - Italy, Belgium, Bulgaria, and Malta have formally warned the EU Commission against using frozen Russian assets for Ukraine, urging the search for legal and compliant alternatives [1][2] - Belgium's government expressed concerns that seizing foreign assets could undermine international trust in the EU's financial system and potentially lead to global capital flight [2] - Italy emphasized the need for the EU to stabilize its financial environment rather than engage in high-risk actions to aid Ukraine [2] Group 2: Alternative Proposals - The four opposing countries suggested that the EU should explore predictable and lower-risk alternatives, such as EU loans or transitional financing mechanisms, to meet Ukraine's urgent needs [2][4] - Despite their opposition to using frozen assets, these countries supported the indefinite freezing of Russian assets in a recent vote, emphasizing that future decisions on asset usage should involve member state leadership [2] Group 3: Broader EU Discontent - The opposition from these four countries reflects a broader division within the EU, with Hungary's Prime Minister labeling the vote as illegal and accusing the EU Commission of systematically violating European law [4] - Slovakia's Prime Minister criticized the EU's military spending for Ukraine, arguing it prolongs the conflict [4] - As of November 2024, EU aid to Ukraine has exceeded 80 billion euros, with rising domestic anti-aid sentiments in some member states due to issues like energy price increases and the influx of over a million refugees [4] Group 4: Russian Response - Russia has reacted strongly, claiming that any seizure of its assets amounts to theft and threatening reciprocal measures [4][6] - The Central Bank of Russia has initiated legal action against Belgium's Euroclear, which holds a significant portion of Russian assets, indicating a prolonged judicial conflict [4] - Russia's spokesperson warned that the EU's actions could destroy trust in the international financial system, with potential retaliatory measures in energy and food sectors [4][6] Group 5: Future Implications - The EU Commission has not yet responded to the warnings from the four countries, but increasing member state divisions and Russia's strong counteractions suggest that the plan to aid Ukraine through frozen assets may not proceed as originally scheduled [6] - The situation surrounding the frozen Russian assets not only impacts Ukraine's economic stability but also poses significant implications for EU unity and the stability of the global financial order [6]

2025年12月23日，北京市第一中级人民法院对北京市人民检察院第一分院首批提起公诉的中 植系管理人员——中植企业集团有限公司原董事局主席高某某等人涉嫌犯非法吸收公众存款 罪一案进行公开宣判， 对被告人高某某等人以非法吸收公众存款罪判处有期徒刑十四年至四 年六个月不等刑罚，并处罚金 。 北京市第一中级人民法院经审理认为，被告人高某某等人作为中植企业集团有限公司直接负 责的主管人员及其他直接责任人员，违反国家金融管理法律规定，变相吸收公众存款，扰乱 金融秩序，其行为均已构成非法吸收公众存款罪。法院根据各被告人犯罪的事实、性质、情 节和对于社会的危害程度，依法作出上述判决。 被告人家属、部分集资参与人及社会各界群众旁听了宣判。 本案案发后，公安机关全力开展涉案资产追缴工作。现追赃挽损工作仍在进行中。 来源：央视新闻 责编：叶舒筠 校对： 赵燕 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes END 点击关键字可查看 潜望系列深度报道丨 股事会专栏 丨 投资小红书 丨 e公司调查 丨 时报会客厅 丨 十大明星私募访谈 丨 603305，国资入局，明日复牌！ 丨 两只A股突发！实控人被采取刑 ...

Core Viewpoint - The speech emphasizes the importance of long-term investment in human capital and foundational research for sustainable economic development, urging a shift away from short-term profit-focused thinking [1][3]. Group 1: Economic Development - Wu Xiaoqiu highlights that sustainable economic and social development relies on foundational research and independent innovation, advocating for fiscal resources to prioritize long-term value areas like basic scientific research [1][3]. - Under the "14th Five-Year Plan," the construction of a modernized nation requires both "economic development" and "social civilization," with clear quantitative indicators for economic development, such as a per capita GDP exceeding $15,000 to be classified as a developed country [3]. Group 2: Role of Financial Systems - Wu asserts that finance plays a crucial role alongside technology in the modernization process, emphasizing that financial systems are essential for the transformation of technological innovations into new products and industries [3][4]. - He identifies two core capabilities of modern finance: value discovery, which assesses the application scenarios and development potential of technologies, and risk diversification, which mitigates risks during the technology-to-industry transition [3][4]. Group 3: Functions of Finance - The first function of finance is payment and clearing, which enhances economic and trade efficiency, exemplified by the advancements in mobile payment systems in China [4][5]. - The second function is pricing and resource allocation, where accurate pricing is essential for efficient resource utilization, facilitated through indirect and direct financing methods [4][5]. - The third function involves risk management and hedging, where financial systems must create risk-hedging tools to stabilize the investment environment and attract foreign investment [5]. - The fourth function is promoting industrial upgrades and meeting social wealth management needs, with a focus on creating a diverse range of financial assets to cater to different investor requirements [5]. - The fifth function is creating diversified liquidity, which includes both monetary and asset liquidity, essential for the normal operation of the economy and providing more options for asset allocation [5].

Core Viewpoint - The Beijing First Intermediate People's Court has publicly sentenced several management personnel from Zhongzhi Enterprise Group, including former Chairman Gao, for illegal public deposit solicitation, with prison terms ranging from fourteen years to four years and six months, along with fines [1] Group 1: Legal Proceedings - The court found that the defendants, as responsible personnel of Zhongzhi Enterprise Group, violated national financial management laws by indirectly soliciting public deposits, disrupting financial order, which constituted the crime of illegal public deposit solicitation [1] - The sentencing reflects the severity of the defendants' actions based on the facts, nature, circumstances, and social harm caused by their crimes [1] Group 2: Asset Recovery - Following the case, law enforcement agencies have been actively pursuing the recovery of assets involved, and the asset recovery efforts are still ongoing [1]

Core Insights - The article features an interview with George Buckley, the Chief Economist for Europe at Nomura, discussing his career journey and the unique aspects of Nomura's research [1][2]. Group 1: Career Background - George Buckley has over 25 years of experience as a market economist and has been with Nomura for more than eight years, applying academic economic theories in practical settings [3][4]. - He holds a PhD and a Master's degree from the University of Bristol, where he also taught macroeconomics and econometrics [2]. Group 2: Passion for Economics - Buckley emphasizes the importance of applying economic knowledge to real-world scenarios to assist various stakeholders, including clients and media [4]. - He believes that explaining the analytical process is as crucial as presenting the final conclusions, akin to demonstrating the steps in solving a math problem [4]. Group 3: Unique Services at Nomura - Nomura offers distinctive services in Europe, including a podcast series designed for relaxed listening, which has received positive feedback from clients [6]. - The company balances speed and depth in data interpretation, providing both quick updates and in-depth analysis that uncovers overlooked insights [6]. Group 4: Focus on Asian Markets - Nomura's research heavily emphasizes Asian markets, supported by a robust research framework covering stocks and industries across Asia [8]. - The company values localized perspectives, with economists like Buckley focusing on the UK economy, enhancing client engagement through their local expertise [8].

2025年12月23日，北京市第一中级人民法院对北京市人民检察院第一分院首批提起公诉的中植系管理人 员——中植企业集团有限公司原董事局主席高某某等人涉嫌犯非法吸收公众存款罪一案进行公开宣判，对 被告人高某某等人以非法吸收公众存款罪判处有期徒刑十四年至四年六个月不等刑罚，并处罚金。 北京市第一中级人民法院经审理认为，被告人高某某等人作为中植企业集团有限公司直接负责的主管人员 及其他直接责任人员，违反国家金融管理法律规定，变相吸收公众存款，扰乱金融秩序，其行为均已构成 非法吸收公众存款罪。法院根据各被告人犯罪的事实、性质、情节和对于社会的危害程度，依法作出上述 判决。 未 经 授 权 禁 止 转 载 ， 否 则 将 追 究 相 应 法 律 责 任 。 本案案发后，公安机关全力开展涉案资产追缴工作。现追赃挽损工作仍在进行中。 看券商中国 知天下财经 来源：京法网事 F 责编： 杨喻程 校对：姚远 百万用户都在看 凌晨！全线大涨！美联储，突发警告！ 利空突袭，大跌！特朗普政府，突然叫停！ 2026年A股休市安排来了 利好来了！摩尔线程，重磅发布 降息，大消息！ 违法和不良信息举报电话：0755-83514034 邮箱 ...

Core Viewpoint - The investment strategy conference organized by Caixin Group emphasizes the importance of long-termism and the "Three New Economies" as new growth engines for China's economy, while also highlighting the company's commitment to enhancing its financial services capabilities and strategic collaborations with partners [2][3]. Group 1: Economic Outlook and Strategy - Caixin Group's Chairman Zhou Jianyuan noted that the fundamental trend of China's economy remains positive, with a historical transition period for new and old growth drivers [2]. - The "Three New Economies," which include new industries, new business formats, and new models, are expected to drive future growth [2]. - The company aims to maintain flexibility in its investment strategies while adhering to long-term principles, focusing on portfolio rebalancing and structural optimization [2]. Group 2: Company Performance and Goals - Caixin Group's total assets have surpassed 200 billion yuan, with a net profit growth of 29.7% year-on-year from January to November, marking the highest growth rate in five years [2]. - The company is set to celebrate its 10th anniversary in 2025, positioning itself as a key player in the development of new productive forces in financial services [2]. Group 3: Research and Collaboration - The conference serves as a platform for building a "big research" mechanism to enhance the value of research outcomes and promote collaboration across various business segments [4]. - Experts provided insights on macroeconomic trends and capital market dynamics, with a focus on the implications of the 2025 Central Economic Work Conference for 2026 [4]. - The company aims to leverage its research capabilities to empower business development and create value for clients [4]. Group 4: Industry Trends and Investment Opportunities - The conference featured parallel forums focusing on investment opportunities in sectors such as semiconductors, AR glasses, and lithium batteries, highlighting the potential of emerging technologies [5]. - Wealth management and asset inheritance were discussed in the context of navigating uncertainties, providing professional insights on family wealth preservation and long-term asset planning [5]. - The insurance sector's role in supporting national strategies and the economy was explored, particularly in relation to commercial health insurance and DRG medical insurance reforms [5].

摩根大通对金价预测，建立在投资者需求持续强劲、央行购金需求维持在高位的基础上。该行预计2026 年这两类核心买家的季度需求量平均将达585吨，其中央行的季度需求约为190吨，金条和金币的季度需 求约为330吨，还有ETF和期货的需求。 关税政策的不确定性以及交易所交易基金（ETF）和各国央行的强劲需求，在2025年将黄金价格推升至 每盎司4000美元以上的历史新高。 不过，金价在经历今年8月至10月的急涨后，曾遭遇了十二年来最大的单日抛售，摩根大通的量化团队 曾警告短期风险，而摩根大通全球大宗商品研究团队在10月22日发布的报告中明确表示，当前的回调和 盘整是健康的，并不会改变其对黄金"多年结构性牛市"的根本看法。 同期，摩根大通金属团队上调了长期预测目标，2026年底金价上看5055美元，其核心逻辑建立在对未来 需求持续强劲的预判之上。其模型预计，到2026年，投资者需求（包括ETF、期货、金条和金币）与央 行购买的总和将达到平均每季度566吨。 12月23日，COMEX黄金升破4500美元/盎司，现货黄金升破4468美元/盎司，均创历史新高。 国内品牌金视克价冲上1400元，周生生足金饰品标价1403元/ ...

【机构观点】 根据摩根大通的预测模型，金价通往5000美元目标的路径清晰可循。他们预测2026年投资者和央行的季 度总需求平均约为585吨，其中包括约190吨的央行需求、330吨的金条金币需求，以及集中在上半年的 ETF与期货需求。 【要闻速递】 在美国总统唐纳德·特朗普上周宣布对离开或进入委内瑞拉的油轮实施"封锁"后，加勒比地区的紧张局 势有所加剧。随着特朗普对尼古拉斯·马杜罗总统施压，美国军事地面行动的猜测依然很高。 与此同时，中东地区的火药味也愈发浓厚。以色列向美国通报，伊朗可能在筹备对以色列发动袭击，尽 管伊朗的军演目前仅限于境内调动，且美情报机构未发现明确迹象，但以色列总理内塔尼亚胡已公开警 告，如果伊朗攻击以色列，将遭到"非常猛烈的回应"。 周二（12月23日）亚市盘中，现货黄金日内涨幅达1.00%，日内最高触及1015.54元/克，沪金主力合约 日内涨近3%，现报1016.24元/克。钯、铂期货触及涨停，沪银主力合约日内大涨4.00%，现报16404.00 元/千克。 现货铂金也冲上2100美元上方，年内大涨140%；现货钯金一度突破1800美元/盎司，今年价格已翻倍。 ...

被告人家属、部分集资参与人及社会各界群众旁听了宣判。 2025年12月23日，北京市第一中级人民法院对北京市人民检察院第一分院首批提起公诉的中植系管理 人员——中植企业集团有限公司原董事局主席高某某等人涉嫌犯非法吸收公众存款罪一案进行公开宣 判， 对被告人高某某等人以非法吸收公众存款罪判处有期徒刑十四年至四年六个月不等刑罚，并处罚 金 。 北京市第一中级人民法院经审理认为，被告人高某某等人作为中植企业集团有限公司直接负责的主管人 员及其他直接责任人员，违反国家金融管理法律规定，变相吸收公众存款，扰乱金融秩序，其行为均已 构成非法吸收公众存款罪。法院根据各被告人犯罪的事实、性质、情节和对于社会的危害程度，依法作 出上述判决。 来源｜央视新闻 编辑 ｜心一 本案案发后，公安机关全力开展涉案资产追缴工作。现追赃挽损工作仍在进行中。 ...