如何助力硬科技企业在海外市场融资，并推动其借助资本市场服务更好地在境外展业？中金公司党委副 书记、总裁王曙光在接受上海证券报记者采访时表示，其中关键在于国内证券公司要做好产业龙头和国 际资本间的"桥梁"，帮助中国科技创新企业与全球产业和资本高效对接，助力中国企业深度参与并主导 全球商业竞争。 自新"国九条"颁布以来，证券行业服务科技创新的模式正经历转变，国际化步伐也显 著加快。作为连接实体经济与资本市场的重要枢纽，不少券商正将支持科技创新企业境外融资置于核心 位置。中金公司的实践表明，通过模式创新与专业深耕，国内证券公司能够有效应对硬科技企业境外面 临的融资挑战。 在王曙光看来，证券行业更好服务科技创新企业"走出去"，还需要进一步提升国际业 务能力，加快布局国际业务网络，帮助科创企业利用好境内外两个市场、两种资源，通过境外上市、跨 境并购等服务，助力企业提升全球影响力。"要加快提升中国投行在国际金融市场的影响力，为国家赢 得更多金融话语权和定价权，推动中国资产价值提升。"王曙光说。 据王曙光观察，当前阶段，国内证 券行业发展正呈现以下几个发展趋势： 一是资本市场从"规模导向"转向"质量驱动"。随着市场环境变 ...

Group 1 - The core theme of the economic work in Henan for the year is the "big market," emphasizing the strategic importance of expanding domestic demand to stabilize China's economy [3][6][9] - Henan's economic indicators show significant growth, with industrial added value increasing by 8.4%, import and export value rising by 13.5%, and retail sales of consumer goods growing by 5.8% in the first 11 months of the year [2] - The establishment of a unified national market is seen as essential for achieving high-quality development and gaining a competitive edge in international markets [2][4] Group 2 - The construction of a modern market infrastructure system is crucial for enhancing Henan's market hub functions and facilitating the integration into the national unified market [49][52] - The logistics and transportation network in Henan is being developed to break regional barriers, with significant investments in high-speed rail and container ports to enhance connectivity [27][28] - The province aims to transform its transportation and logistics hubs into industrial and economic hubs, attracting major enterprises and fostering industry clusters [31][32] Group 3 - The retail and consumption landscape in Henan is vibrant, with a population of nearly 100 million and a middle-income group exceeding 22 million, indicating substantial market capacity and consumer potential [18][19] - The rise of e-commerce and retail giants in Zhengzhou reflects the region's attractiveness for business, driven by supply chain advantages and a growing consumer base [19][22] - The local government is actively promoting policies to enhance the business environment, streamline regulations, and support the growth of the private economy, which is crucial for the province's economic health [40][46][45]

1.市场监管总局部署2026年重点任务，包括：持续深化公平竞争治理，加力破除行政性垄断，加强反垄断反不正当竞争执法，深入整治"内卷式"竞争；推动 提高经营主体发展质量，完善市场准入退出制度，提升经营主体信用水平，强化知识产权和商业秘密保护。强化平台经济常态化监管，压实平台企业"守门 人"责任，突出抓好平台规则治理，加快平台监管"一库一码一系统"建设。 2.两家中国AI企业同步公布港股IPO详情：通用GPU公司天数智芯拟发行约2543万股H股，每股144.60港元；大模型公司智谱华章拟发行约3742万股H股，每 股116.20港元。两家企业H股均预计于2026年1月8日在港交所挂牌交易。 3.据相关报道，近期在多个省份的药品采购平台上，都出现了进口减肥药司美格鲁肽注射液降价的信息。据悉，这是厂家诺和诺德主动调价后的结果，一些 电商平台也在跟进调整相关产品价格。司美格鲁肽在中国市场的专利即将于今年三月到期，多家本土企业已经准备退出价格更便宜的仿制药。 热点聚焦 4.COMEX黄金期货跌4.45%，报4350.2美元/盎司；COMEX白银期货跌7.2%，报71.64美元/盎司。现货白银大跌近9%，现货钯金跌超15% ...

Core Viewpoint - Leap Motor aims to become a world-class smart electric vehicle company, with a long-term sales target of 4 million units annually by 2030, and a goal to sell 1 million units by 2026 [4][9][30]. Group 1: Company Growth and Achievements - Leap Motor has delivered over 1.2 million vehicles and achieved nearly 600,000 annual sales, positioning itself as a leader among new car manufacturers in China [6][24]. - The company has maintained a high level of R&D personnel, with 80% of its workforce dedicated to research and development, allowing it to control 65% of vehicle costs through in-house production [16][24]. - Leap Motor's unique dual-driven model of "whole vehicle + Tier" has provided a 10% cost advantage over competitors in a price-sensitive market [16]. Group 2: Product Innovation and Strategy - The launch of the D series, including the D19 SUV and D99 MPV, reflects Leap Motor's commitment to redefining luxury in the automotive sector by offering high-quality features at competitive prices [20][22]. - The D19 features advanced technology, including a dual Qualcomm 8797 chip and a comprehensive suite of 28 high-precision sensors for enhanced driving assistance [20]. - Leap Motor emphasizes a "cost pricing" strategy, ensuring that its products deliver high value without the premium price tag typically associated with luxury vehicles [22][24]. Group 3: Global Expansion and Market Strategy - Leap Motor has established a presence in 35 countries and regions, with over 800 overseas sales and service outlets, marking its successful international expansion [26][28]. - The company has exported 60,000 vehicles in 2025, becoming the top seller among new car manufacturers in overseas markets [28]. - Leap Motor's partnership with Stellantis for global expansion represents a shift from traditional automotive strategies, leveraging established resources for rapid growth [26]. Group 4: Future Directions and Challenges - The company has outlined five strategic directions for the next decade, focusing on technological innovation, product development, ecosystem building, industrial clustering, and refined marketing management [31]. - Leap Motor acknowledges the challenges ahead in a competitive market, emphasizing the need for continuous improvement and innovation to achieve its ambitious sales targets [34].

Group 1 - The article discusses the emotional experiences of automotive industry leaders, highlighting their struggles and triumphs over the past decade, particularly in the context of the challenges faced in the electric vehicle sector [3][5][6] - Zhu Jiangming, founder and CEO of Leap Motor, reflects on the company's journey from obscurity to becoming a recognized potential player in the global market, emphasizing the importance of support from key individuals throughout this journey [6][8] - The narrative includes instances of emotional expressions from various industry leaders, such as BYD's Wang Chuanfu and others, showcasing the intense pressures and challenges they face in the competitive automotive landscape [12][13][19] Group 2 - The article highlights the significant financial challenges in the automotive industry, particularly the high costs associated with vehicle manufacturing and the difficulties in securing funding during tough market conditions [8][26] - It notes the increasing competition within the Chinese automotive market, with numerous new energy vehicle models being launched each year, leading to price wars and reduced profit margins for manufacturers [26][27] - The emotional responses from industry leaders are framed as a reflection of the immense pressure they face, with their personal reputations closely tied to the success or failure of their companies [28][29]

2. 软银集团：宣布以每股16美元现金收购DigitalBridge全部流通股，较其12月26日收盘价溢价约15%。 此次收购旨在加码布局支撑AI浪潮的数字基础设施，交易预计2026年下半年完成，需监管批准。 3. 英特尔：向英伟达出售2.148亿股普通股，交易总价50亿美元，每股23.28美元。此次交易进一步深化 了半导体行业的资源整合，对两家公司的战略布局具有重要意义。 4. 胜通能源：公司股票自12月12日至29日期间价格涨幅达213.97%，严重背离公司基本面，将于12月30 日起停牌核查。公司近期经营正常，主营业务未发生重大变化，不涉及机器人相关业务，静态市盈 率-773.81，市净率8.63，显著高于行业平均水平。 // 热点头条 // 1. 中芯国际：拟向国家集成电路基金等5名股东发行股份，购买中芯北方49%股权，交易价格406亿元。 交易完成后，中芯北方将成为公司全资子公司，主要提供12英寸集成电路晶圆代工及配套服务。国家集 成电路基金将获配3.57亿股A股，交易后合计持股比例达8.66%。 5. 赣锋锂业：收到宜春市公安局的移送起诉告知书，因涉嫌内幕交易罪单位犯罪，案件已移送检察机关 审查起 ...

Group 1: New Quality Productive Forces - In 2025, China focuses on technological innovation and industrial upgrading to cultivate new quality productive forces, enhancing the foundation for high-quality development [2] - Traditional industries are crucial for accelerating the development of new quality productive forces, with the Ministry of Industry and Information Technology releasing action plans for ten key industries [2] - Strategic emerging industries and future industries are the main battlegrounds for cultivating new quality productive forces, with significant growth in sectors like new energy vehicles, photovoltaics, and quantum technology [2][3] Group 2: Expanding Domestic Demand - Expanding domestic demand is a strategic choice for China to respond to economic changes and promote high-quality development, with policies implemented to stimulate consumption and investment [4] - Consumer markets are recovering, with significant growth in retail sales of home appliances and communication equipment, with year-on-year increases of 14.8%, 18.2%, and 20.9% respectively [6] - Investment in emerging sectors is also strong, with notable increases in manufacturing and renewable energy investments, such as a 15.3% growth in automotive manufacturing [6] Group 3: High-Level Opening Up - Expanding high-level opening up is essential for China's high-quality development, providing stability to the uncertain global economy [7] - China's foreign trade resilience is improving, with policies promoting service exports and green trade, reflecting a commitment to innovative leadership [7][8] - Trade with major partners like ASEAN has seen growth, with a year-on-year increase of 8.5% in trade volume [8] Group 4: Risk Mitigation - In 2025, China continues to address key risk areas to ensure high-quality development, with measures in place to manage local government debt and mitigate financial risks [9] - The real estate sector has seen successful completion of housing delivery tasks, with policies aimed at stabilizing the market and supporting housing supply [9] Group 5: Appropriate Monetary Easing - Since 2025, a moderately loose monetary policy has been in effect, with social financing scale increasing significantly, reaching 33.39 trillion yuan in the first eleven months [10] - The structure of credit has improved, supporting key sectors and strategic economic transformations, with notable growth in technology and green loans [11] Group 6: Green Transition - China has introduced numerous policies for green low-carbon transition and ecological civilization construction, achieving significant progress in various fields [14] - The energy structure is shifting towards non-fossil sources, with ambitious targets for renewable energy installations [14][15] - The green economy is thriving, with over 218.7 million existing green economy-related enterprises, indicating sustained vitality in the sector [14]

Economic Outlook - The global economy is expected to show resilience in 2025, with growth projected to exceed expectations despite challenges such as U.S. tariffs, ongoing geopolitical conflicts, and increased financial volatility [1] - The International Monetary Fund (IMF) has raised its global economic growth forecast for 2025 to 3.2%, while the U.S. economy is expected to grow only 2.0% in 2025 and further decline to 1.7% in 2026 [1] - Emerging markets and developing economies are projected to be the main drivers of global growth, with a forecasted growth rate of 4.2% in 2025, particularly strong in ASEAN countries at 4.7% [1] Trade Dynamics - Global trade is undergoing a transformation, with a 4.9% year-on-year increase in global goods trade volume in the first half of 2025, and an annual forecast adjustment to 2.4% [2] - The growth in trade is attributed to both the "stockpiling effect" before U.S. tariffs and the expansion of trade among developing countries, with Asia contributing significantly to global trade growth [2] - The trade system faces deep challenges, with unilateral tariffs and geopolitical conflicts causing significant disruptions, as over 90% of global trade relies on bank financing [2] Technological and Green Transition - AI and green transition are identified as dual driving forces for the economy, with AI investments expected to boost global trade by 34% to 37% by 2040 [3] - However, the IMF warns that the current surge in AI investment resembles the internet bubble, posing risks of market corrections if returns do not meet expectations [3] - China's investments in renewable energy technologies have reduced global clean energy costs, with electric vehicle penetration exceeding 50%, contributing to global emissions reduction efforts [3] China's Economic Stability - China's GDP is projected to grow by 5.2% year-on-year in the first three quarters of 2025, with total GDP expected to surpass 140 trillion yuan [4] - Consumption and manufacturing investment are identified as key growth engines, supported by policies aimed at expanding the domestic market and enhancing foreign investment access [4] - China's focus on AI and biotechnology in its 14th Five-Year Plan is expected to provide market opportunities and technology transfer for developing countries [4] Future Considerations - The resilience of the global economy in 2025 is attributed to technological breakthroughs and the rise of emerging economies, with a need for balance amid uncertainties in 2026 [4] - Trade policy disagreements, U.S. debt risks, and uncertainties in Japan's stimulus plans may increase market volatility, but opportunities remain in AI applications and green technology cost reductions [4] - Cooperation and openness are emphasized as essential for navigating economic challenges, with constructive dialogue among nations seen as key to alleviating trade tensions and improving global economic prospects [4]

Core Viewpoint - Tianjin Ruixinchang Technology Co., Ltd. announced a "Quality and Return Dual Improvement" action plan aimed at enhancing operational quality and core competitiveness while increasing returns to investors and protecting shareholder rights [1] Group 1: Action Plan and Industry Response - The "Quality and Return Dual Improvement" initiative has seen 471 companies in the Shenzhen Stock Exchange disclose related action plans since its launch in February 2024, indicating a broad participation across various sectors [1][2] - Companies are shifting from viewing shareholder returns as a short-term action to integrating it into their long-term development strategies, focusing on solidifying core businesses, enhancing R&D, and optimizing governance [1][2] Group 2: Focus on Core Business and Innovation - Companies are concentrating resources on core businesses by divesting non-core assets and improving operational efficiency, which lays a foundation for high-quality development [2] - There is a strong emphasis on technological innovation, with companies increasing R&D investments to drive growth and enhance core business capabilities [2][3] Group 3: Financial Performance and Shareholder Returns - The first 11 companies to release "Quality and Return Dual Improvement" reports achieved a combined profit of 5.701 billion yuan in the first three quarters of 2025, with significant stock price increases for most of these companies [3][4] - From 2022 to 2024, the annual dividend amount for 471 companies on the Shenzhen Stock Exchange grew at a compound annual growth rate of 10.0%, with 433 companies implementing cash dividends totaling 324.47 billion yuan in 2024 [6] Group 4: Dividend and Share Buyback Strategies - Companies are actively increasing cash dividend frequencies and optimizing dividend schedules to enhance shareholder returns, with 141 companies implementing mid-year dividends in 2024 [5][6] - Share buybacks and stock purchases by major shareholders are being utilized to signal confidence in the company's future, exemplified by Zhongwei New Materials' planned buyback of 800 million yuan [5][6] Group 5: Future Outlook - The ongoing deepening of the initiative is expected to attract more companies to join the value creation and sharing movement, reinforcing the micro-foundation for high-quality development in the capital market [7]

据介绍，此次交付的新能源宽体自卸车是针对贵州矿区特殊工况开发的。车型精准适配贵州矿区的地形 特征，单次运输量大，可有效提升作业效率。车辆搭载宁德时代电池组，续航能力可满足全天作业需 求，并能根据实际工况实现精准能耗控制。与燃油车相比，该车型在显著降低运营成本的同时，实现零 排放、低噪音，符合绿色矿山建设标准。其最高40公里/每小时的设计，兼顾了运输效率与作业安全。 交付后，贵州长江汽车已组建专业售后服务团队，提供驻矿全流程服务，确保车辆稳定高效运营。 转自：贵州日报 贵州长江汽车有限公司交付的首批新能源非公路宽体自卸车。 本报讯 近日，贵州长江汽车有限公司向客户交付首批新能源非公路宽体自卸车，标志着双方合作进入 新阶段，也展现了贵州长江汽车在新能源矿用装备领域的研发制造实力，为贵州省矿区绿色化、智能化 发展提供了装备支撑。 （贵阳日报融媒体记者 谢孟航 文/图） （《贵州长江汽车交付 首批新能源非公路宽体自卸车》由贵阳日报为您提供，转载请注明来源，未经 书面授权许可，不得转载或镜像。） ...