（文章来源：北京商报） 北京商报讯12月4日，碧桂园披露11月未经审核经营简报。简报显示，11月碧桂园及其附属公连同其合 营公司和联营公司共实现归属公司股东权益的合同销售金额约23.5亿元，归属公司股东权益的合同销售 建筑面积约30万平方米。 ...

吕梁山下，黄河之滨，昔日"禹凿龙门""鱼跃龙门"神话的诞生地山西省河津市清涧街道龙门村，探索出 一条集体经济壮大与村民共富互促共赢的道路，今日正以产业之兴、生态之美、百姓之富，谱写着新时 代乡村振兴。 "鱼跃龙门"神话的诞生地山西省河津市清涧街道龙门村。 原建发摄 产业跃升：从资源困局到多元共荣 面对"3800人只有1179亩耕地，山荒沟秃无特产"的困境，龙门村以党组织为核心，在稳定农业基础上， 探索出"集体、联户、股份、混合所有制"多轮驱动模式。 从一座年产2.5万吨的小焦炉起步，当地在党员干部带头攻坚的实干中，逐步构建起焦化、新能源、建 材、发电、贸易、房地产、旅游七大产业体系。2024年，全村所属企业实现销售收入达80亿元，居山西 省百强企业行列。 中新网运城12月4日电 题：晋南黄河边小村庄"鱼跃龙门"：产业兴 生态美 百姓富 产业发展不仅壮大了集体经济，更拓宽了村民就业渠道。51岁的原玉生在龙门集团水厂工作已30余年， 如今儿子大学毕业后也选择回村进入焦化公司，"在家门口上班，收入不低，心里更踏实"。 作者 张立程 曹文娟 教育方面，该村投资3700余万元建成高标准教育中心，村民子女从幼儿园到初中免 ...

大公司： 中国石油：签署合计400亿元合同收购三家储气库公司100%股权 36氪获悉，中国石油公告，公司下属全资子公司太湖投资与相关方共同设立的三家合资公司已完成设 立，并分别与相关方签署股权收购合同。三家合资公司中石油新疆储气库、中石油相国寺储气库、中石 油辽宁储气库分别收购新疆油田储气库公司、相国寺储气库公司、辽河油田储气库公司100%股权，收 购金额合计400亿元。本次交易有利于保障公司天然气产业链平稳运行和高质量发展。 派拉蒙优化对华纳兄弟探索的收购提议 将分手费提高至50亿美元 知情人士透露，派拉蒙天舞已将对华纳兄弟探索的收购要约中拟议的分手费提高一倍多，至50亿美元。 此举旨在使其收购方案更具吸引力，击败竞争对手。如果双方达成协议但最终未能完成交易，这笔款项 将支付给华纳兄弟。知情人士表示，这表明派拉蒙对其合并方案能够通过监管审查充满信心。派拉蒙此 前提议的分手费为21亿美元。（新浪财经） 马蜂窝冬季旅行蜂向标：俄罗斯免签引爆今冬出境游，极光之旅热度飙升533% 36氪获悉，近日，马蜂窝发布2025年冬季"旅行蜂向标"。马蜂窝大数据显示，近一周"冬季旅游"热度环 比上涨300%，各地"滑雪"平均热 ...

港交所消息：11月28日， 贝莱德 持有的中国 万科 H股多头头寸从5.49%降至4.61%。 ...

1-11月累计实现合同销售金额约338.9亿元，累计合同销售面积约118.1万平方米。 12月4日，融创中国在港交所公告称，11月实现合同销售金额约11.2亿元，合同销售面积约9.2万平方 米。 累计合同销售面积约118.1万平方米。 ...

Group 1 - The core point of the article is that the second largest shareholder of Xian Dao Ji Dian, Sanlin Wanye, has announced the release of a portion of its pledged shares, specifically 6.76 million shares, which represents 6.61% of the company's total share capital [1] - As of December 3, 2025, Sanlin Wanye holds approximately 61.52 million shares in Xian Dao Ji Dian, with 53.6 million shares pledged, accounting for 87.12% of its holdings and 5.76% of the company's total share capital [1] - The revenue composition of Xian Dao Ji Dian for the year 2024 is as follows: real estate accounts for 48.34%, manufacturing for 41.44%, services for 8.72%, and other businesses for 1.49% [1] Group 2 - The current market capitalization of Xian Dao Ji Dian is 15.2 billion yuan [2]

Core Viewpoint - The "Wancheng Future Steady Income Bond Fund" experienced a significant decline in net value, dropping over 7% in just six trading days, nearly erasing two years of accumulated returns, reflecting broader concerns in the bond market and the challenges faced by small and medium-sized fund companies [1][2][4]. Fund Performance - From November 25 to December 2, 2025, the fund recorded negative returns of -0.06%, -0.08%, -1.77%, -3.56%, -1.48%, and -0.80%, leading to a cumulative decline exceeding 7% [2]. - The fund's total return from November 26, 2023, to November 26, 2025, was 6.53%, indicating that the recent decline nearly wiped out its two-year gains [2]. Market Reactions - The timing of the fund's net value drop coincided with a sharp decline in the prices of several domestic bonds issued by Vanke, leading to speculation that the fund may have "stepped on a landmine" [2][4]. - The fund's management acknowledged that the net value drop was influenced by significant adjustments in certain bonds within the investment portfolio, which will be detailed in the upcoming quarterly report [2][4]. Redemption Pressure - A notable number of investors were alarmed by the fund's net value fluctuations, resulting in substantial redemptions that exacerbated the volatility of the fund's net value [3][4]. - The fund's small scale, with a size of only 189 million yuan, and a highly retail-oriented holder structure contributed to its vulnerability to redemption pressures [4][6]. Industry Context - The bond market has been experiencing significant outflows, with over 470 billion units of bond funds reduced in the third quarter alone, and more than 60 bond funds announcing adjustments due to large redemptions in the fourth quarter [7][8]. - The shift of funds from the bond market to equity assets, driven by the A-share market's profitability, along with changing economic expectations and interest rate fluctuations, has diminished the appeal of bond funds [8]. Company Stability - The controlling shareholder of Wancheng Future Fund, Huachen Trust, is attempting to sell its 40% stake in the fund company at a significant premium, raising concerns about the company's ongoing viability [6]. - The fund company reported a revenue of 4.01 million yuan and a net loss of 20.01 million yuan in 2024, with continued losses in the first three quarters of the current year [6].

Group 1: Core Views - The Sichuan Provincial Government has issued a notice outlining 18 specific measures to consolidate and expand the positive momentum of economic recovery, focusing on supporting consumption, reducing costs for enterprises, promoting rapid growth of businesses, and facilitating industrial transformation and upgrading [1] Group 2: Supporting Consumption - Measures to boost consumption include implementing operational incentives for new consumption scenarios, supporting the stable and healthy development of the real estate market, issuing "Shu Li An Yi" consumption vouchers, providing interest subsidies for personal consumption loans, and rewarding second-hand car sales [1] - From October 1, 2025, to March 31, 2026, interest subsidies of 1% per annum will be provided for personal consumption loans under 50,000 yuan and for key areas such as home appliances, education, and healthcare [1] - Eligible enterprises conducting promotional activities will receive a subsidy of 50% of their actual promotional investment, with a maximum of 1 million yuan per enterprise [1] - Second-hand car dealerships will receive a reward of 0.5% of their sales, capped at 500,000 yuan per enterprise [1] Group 3: Reducing Costs for Enterprises - Focus areas for reducing costs include implementing local bank re-loan subsidies for agriculture and small businesses, as well as subsidies for issuing technology innovation bonds [2] - From January 1, 2025, to December 31, 2026, local banks using re-loan funds to support small and micro enterprises will receive a tiered reward of approximately 2‰ based on their re-loan usage [2] - A one-time subsidy of 1% of newly issued loans will be provided for banks issuing loans in the elderly care industry, with a maximum of 200,000 yuan per enterprise [2] Group 4: Promoting Rapid Growth of Enterprises - Incentives for rapid growth include rewards for industrial project completion, production growth in industrial and construction sectors, and targeted procurement incentives for large enterprises [2] - From October 1, 2025, to March 31, 2026, projects that are completed and have an additional production scale of over 20 million yuan will receive a maximum incentive of 1.5 million yuan, capped at 10% of the approved equipment investment [2] Group 5: Facilitating Industrial Transformation and Upgrading - Measures to promote industrial transformation include incentives for stable production and quality improvement in beef cattle, transformation of traditional service enterprises, and incentives for enterprises transitioning to larger scales [3] - From January 1, 2026, to December 31, 2026, eligible beef cattle breeding farms will receive a subsidy of 300 yuan per head [3] - Cities with an increase in the number of enterprises transitioning to larger scales will receive incentives, with specific standards set for different types of enterprises [3]

Core Insights - The report from Shanghai E-House Real Estate Research Institute indicates a significant increase in second-hand residential transactions in first-tier cities, with November seeing a total of 49,033 units sold, marking a 20% month-on-month increase and the highest volume in seven months since May [1][2] Group 1: Market Performance - In November, the transaction volume of second-hand residential properties reached 49,033 units, surpassing the previous month’s 40,714 units and even exceeding the traditionally strong September figure of 47,176 units, indicating a robust recovery in market activity [1] - Year-to-date, the total number of second-hand residential transactions in the four first-tier cities has reached 519,021 units, which is a 5% year-on-year increase and the highest level in nearly four years, only behind 2020 and 2021 [2] Group 2: Factors Driving Market Activity - The positive performance in November is attributed to several factors, including favorable purchasing policies, price adjustments, demand for school districts, and overall market confidence, which have collectively contributed to a favorable market adjustment [1] - The recovery in the second-hand housing market is supported by effective local purchasing policies, the release of genuine demand following price adjustments, and the gradual unblocking of the property exchange chain [2] Group 3: Future Outlook - The current transaction volume has returned to a historical high range of 80-90%, with expectations for continued growth, especially as December typically sees increased activity due to seasonal trends [3] - The second-hand housing market is expected to transition from a phase of "price for volume" to a new stage of "stable volume and price," with the positive trading momentum likely to extend into 2026 [3] - The gradual return of prices to reasonable levels, combined with enhanced buyer willingness and the recognition of value in second-hand properties, is fostering a positive feedback loop in the market [3]

2025.12. 04 本文字数：778，阅读时长大约2分钟 作者 | 一财阿驴 12月4日，沪指、深证成指窄幅震荡；创业板指涨超1%，早盘一度跌超0.5%。截至收盘，沪指跌 0.06%，深成指涨0.4%，创业板指涨1.01%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | 25 | 3875.79 с | -2.21 | -0.06% | | 399001 | 深证成指 | arm | 13006.72 c | 51.46 | 0.40% | | 399006 | 创业板指 | 1 | 3067.48 с | 30.70 | 1.01% | 盘面上，大消费走弱，零售、餐饮、白酒、电商方向跌幅靠前；铝业、黄金、稀土、房地产行业表现 不振。摩尔线程、商业航天、机器人、半导体概念股走强。 具体来看，机器人概念股走强，日发精机、巨轮智能、四川金顶、和而泰等超10股涨停。 | 代和马 | 名称 | 福特 | 王州十六 | | --- | --- | --- | --- | | 3009 ...