Group 1 - The average stock price of A-shares is 13.58 yuan, with 23 stocks priced below 2 yuan, the lowest being *ST Yuan Cheng at 0.58 yuan [1] - Among the low-priced stocks, 9 are ST stocks, accounting for 39.13% of the total [1] - The Shanghai Composite Index closed at 3888.60 points as of November 28 [1] Group 2 - Among the low-priced stocks, 15 increased in price today, with the highest gainers being Jin Zheng Da, Ya Bo Shares, and HNA Holdings, rising by 3.24%, 2.87%, and 2.37% respectively [1] - The stocks that decreased in price include Jiu Gang Hong Xing and Shan Ying International, with declines of 1.80% and 0.58% respectively [1] - The table lists various low-priced stocks along with their latest closing prices, daily price changes, turnover rates, price-to-book ratios, and industries [1]

Core Viewpoint - Longjiang Transportation (601188.SH) has completed the acquisition of 100% equity in a shipping company for 150 million yuan, which will now be a wholly-owned subsidiary included in the company's consolidated financial statements [1] Group 1 - The acquisition was finalized with the signing of the equity transaction agreement [1] - The shipping company has completed the necessary business registration changes and obtained a new business license from the Harbin Daowai District Market Supervision Administration [1] - The acquisition was funded using the company's own capital [1]

Group 1 - The public fund investment strategy shows robust growth in both scale and number, with active equity funds achieving an average return of 29.69% in 2025, outperforming major indices [2][23][27] - The top three sectors for active equity fund holdings are technology, manufacturing, and cyclical industries, indicating a strong focus on growth-oriented sectors [2][28] - The market outlook for 2026 suggests continued structural opportunities in A-shares, with technology growth remaining a key theme, while Hong Kong stocks are seen as undervalued [2][3] Group 2 - The index fund market has reached a historical high in both scale and number, with total assets amounting to 6.14 trillion yuan, reflecting a significant increase of 32.27% from the previous year [2][37][40] - The ETF segment dominates the index fund market, accounting for 76.10% of total assets, with a notable increase in industry-themed ETFs [2][38][40] - The performance of thematic funds, particularly in technology, has been outstanding, with technology-themed funds achieving an average return of 44.06% in 2025 [2][27][28]

2018-2025年Q3交通运输、仓储和邮政业增加值指数当季值与累计值统计图 数据来源：国家统计局 2018-2025年交通运输、仓储和邮政业增加值Q3当季值与年度累计值统计图 数据来源：国家统计局 相关报告：智研咨询发布的《2025-2031年中国交通运输行业市场全景评估及前景战略研判报告》 根据国家统计局公布的数据，2025年第三季度交通运输、仓储和邮政业增加值当季值为1.68万亿元，同 比增长1.9%；2025年第三季度交通运输、仓储和邮政业增加值指数当季值为104.8，2025年第三季度交 通运输、仓储和邮政业增加值指数累计值为105.8。 ...

Core Insights - The U.S. manufacturing sector is experiencing a significant decline in blue-collar jobs, with a loss of 6,000 jobs in September and a total of 59,000 jobs since the implementation of the "reciprocal tariff" policy by the Trump administration [1][2] - The manufacturing job market has contracted for eight consecutive months, while other sectors like construction and transportation are also facing stagnation [2] - The Trump administration's tariffs, intended to boost manufacturing jobs, have instead created uncertainty, leading companies to hesitate in hiring [2][3] Employment Trends - The U.S. manufacturing sector is struggling with a mismatch in supply and demand for skilled labor, with a report indicating that the lack of high-skilled workers is a major bottleneck [4] - There is a significant crisis in recruiting skilled blue-collar workers, with many factories unable to find suitable candidates despite ongoing recruitment efforts [4] - The current labor resource model in the U.S. manufacturing sector is not effectively designed to select blue-collar talent, leading to potential candidates being filtered out in the initial stages of recruitment [4] Wage Dynamics - Blue-collar workers in the U.S. are facing the lowest wage growth among all demographics, with their wage increase dropping from over 6% in January 2023 to around 1% currently [5] - In contrast, white-collar workers have seen wage growth increase from nearly 2% to approximately 3.7% over the same period, highlighting the disparity in wage growth [5] - The proportion of low-income families living paycheck to paycheck has risen from 27.1% to 29% in 2023, indicating the financial strain on low-wage blue-collar workers amid persistent inflation [5]

报告全面展示了沙特阿拉伯在"2030愿景"引领下的经济韧性、结构转型进展及投资环境持续优化成果。 通胀率保持温和（2.2%）； SADAD支付与POS支付分别增长9.1%与7.3%； 外国投资者持股价值同比提升7.1% 这些表现显示沙特经济基本面稳健，消费与投资需求保持活力。 三、全球竞争力全面跃升 一、持续稳健的GDP增长预期（2025–2026年） 世界银行、IMF与OECD等国际机构一致预测：沙特将在全球挑战加剧的背景下持续保持增长动力， GDP增速有望在2025年与2026年分别达到3.2%–4.3%与3.7%–4.0%。这些预测反映出沙特经济改革的成 效不断显现，非石油经济比重显著提升，为跻身全球前15大经济体奠定扎实基础。 二、2025年第三季度经济关键指标亮眼 PMI达到56.8点，非石油部门活动持续扩张； 货币供应量同比增长7.8%，存款持续上升； 2021–2024年，沙特的名义固定资本形成总额（GFCF）连续四年超越国家投资战略（NIS）目标： 2024年的实际表现比目标高出49%； GFCF占GDP的比重达到 31%； 沙特在G20国家中取得多项顶级排名： ICT 发展指数第1名； 电子 ...

Core Insights - National fixed asset investment (excluding rural households) reached 4,089.14 billion yuan from January to October 2025, showing a year-on-year decline of 1.7% on a comparable basis [1][4] - Private fixed asset investment decreased by 4.5% year-on-year [1][4] - In October, fixed asset investment (excluding rural households) fell by 1.62% month-on-month [1] Investment by Industry - First industry investment totaled 807.5 billion yuan, with a year-on-year growth of 2.9% [3][4] - Second industry investment reached 14,841.1 billion yuan, growing by 4.8% year-on-year, with industrial investment specifically increasing by 4.9% [3][4] - Third industry investment was 25,242.9 billion yuan, showing a decline of 5.3% year-on-year [3][4] - Within the second industry, mining investment grew by 3.8%, manufacturing investment increased by 2.7%, and investment in electricity, heat, gas, and water production and supply surged by 12.5% [3][4] Investment by Region - Eastern region investment decreased by 5.4% year-on-year, while central region investment fell by 0.5% [3] - Western region investment saw a slight increase of 0.4%, and northeastern region investment dropped significantly by 11.7% [3] Investment by Registration Type - Domestic enterprises' fixed asset investment declined by 1.7% year-on-year [4] - Investment from Hong Kong, Macau, and Taiwan enterprises decreased by 1.8% [4] - Foreign enterprises' fixed asset investment experienced a notable decline of 12.1% [4]

东莞证券指出，低估值与盈利稳定双轮驱动的红利高股息资产迎来估值重塑。当前政策不断引导上市公 司加大增持回购分红力度，强化投资者回报；同时在地缘政治紧张等不确定性环境下，红利高股息资产 的确定性溢价提升。此外，低利率环境放大了其"类债"吸引力。因此，兼具"低估值"与"盈利稳定"特性 的红利高股息资产配置价值凸显，建议关注金融、有色金属、公用事业和交通运输等行业。 （文章来源：每日经济新闻） 红利国企ETF（510720）跟踪的是上国红利指数（000151），该指数从上交所上市的国有企业中筛选出 30只现金股息率高、分红稳定且具备规模与流动性的股票作为样本，采用股息率加权方式进行计算。指 数行业配置主要集中于煤炭、银行、交通运输等传统高分红领域，整体呈现稳健的收益特征。 ...

基建赋能区域互联！"十五五"规划建议提出，推进跨区域跨流域大通道建设，强化区域基础设施互联互 通。 高效畅通的通道是促进区域联动发展的基础。促进各类要素合理流动、高效集聚，推动区域间互融互 促、互利共赢，需要依靠基础设施互联互通，让各地在深化合作中更好融入和支撑新发展格局，拓展国 内大循环空间。 在贵州，陆港智慧化改造显著提升货物集散效率，助力与北部湾港、广州港等沿海港口的合作进一步深 化；通过海铁联运、江海联运，宁波舟山港已将港口腹地拓展至长江上游……以基建为依托，从内陆到 沿海，高质量发展活力奔涌。 推进大通道建设，要因地制宜。 看数据，截至今年9月，我国已有数十个数据基础设施节点完成互联互通验证，共覆盖20个省份。 2025年7月9日，在"北气南下"能源大通道黑河首站压缩机房，综合维修工人对压缩机关键仪表进行维修 作业。新华社记者 王松 摄 "十五五"开局在即，提升区域基础设施互联互通水平有较大空间。要加快完善交通运输大通道和物流通 道网络，高质量建设沿江沿海战略骨干通道，贯通沿边和西部陆海新通道，强化城市群之间以及城市群 与重要功能性区域之间基础设施的高效联通。 方向明晰，各地持续发力。 放眼全国，区 ...

基建赋能区域互联！"十五五"规划建议提出，推进跨区域跨流域大通道建设，强化区域基础设施互联互通。 高效畅通的通道是促进区域联动发展的基础。促进各类要素合理流动、高效集聚，推动区域间互融互促、互利共赢，需要依靠基础设施互联互 通，让各地在深化合作中更好融入和支撑新发展格局，拓展国内大循环空间。 放眼全国，区域基础设施互联互通成果斐然—— 看交通，京津冀、长三角、粤港澳大湾区等区域已形成1至2小时交通圈，"四纵四横两网"国家高等级航道已经达标70%以上。 看能源，今年7月我国"北气南下"能源大通道累计输气量突破1000亿立方米。 2025年7月9日，在"北气南下"能源大通道黑河首站压缩机房，综合维修工人对压缩机关键仪表进行维修作业。新华社记者 王松 摄 "十五五"开局在即，提升区域基础设施互联互通水平有较大空间。要加快完善交通运输大通道和物流通道网络，高质量建设沿江沿海战略骨干 通道，贯通沿边和西部陆海新通道，强化城市群之间以及城市群与重要功能性区域之间基础设施的高效联通。 方向明晰，各地持续发力。 看数据，截至今年9月，我国已有数十个数据基础设施节点完成互联互通验证，共覆盖20个省份。 "比如，在东北地区要加快 ...