智通财经APP讯，昊天国际建投(01341)公布，已于2025年12月10日完成配售约2.49亿股配售股份，每股 配售股份0.118港元，净筹约2870万港元，拟用作持牌法团融资融券业务的扩张。 ...

证券日报网讯 12月10日，电投产融在互动平台回答投资者提问时表示，二级市场股价波动受多重因素 共同影响。公司不存在应披露而未披露可能对本次重组产生重大实质性影响的信息。未来公司将依法合 规推进重组工作，并严格按照相关规定履行信息披露义务，敬请关注公司后续公告。 （文章来源：证券日报） ...

12月10日，根据财政部公开信息，财政部将在12日发行两期总计7500亿元特别国债，这笔资金将用于偿 还旧债。此次发行过程不涉及社会投资者，个人投资者不能购买，也不增加财政赤字。 而上述这笔1.55万亿元特别国债自2017年起陆续到期，需要偿还本金。为此财政部采取"借新还旧"，即 发行同样金额的特别国债来偿还旧债，这属于常规定向续发操作，对流动性和经济本身影响不大。 进入21世纪后，中国国际收支持续顺差，外汇储备持续攀升。在强制结售汇背景下，国内出现流动性过 剩、资产价格泡沫和物价上涨等问题。为提高外汇资产运营收益，适度对冲增长过快的流动性，2007年 财政部分批发行共1.55万亿元特别国债（期限为10年和15年），向央行购买外汇储备及中央汇金公司股 权，成立中国投资有限责任公司。 其中，为了偿还上述2007年发行、2022年到期的7500亿元特别国债本金，2022年12月12日，财政部发行 了3年期的7500亿元特别国债。而3年后的2025年12月12日，这一7500亿元特别国债本金到期，就需要发 行同等金额特别国债资金来偿还。 （文章来源：第一财经） 根据财政部公布的《关于2025年到期续作特别国债（一期 ...

Core Viewpoint - The market is currently focused on the high probability of a rate cut by the Federal Reserve in December, which has risen to nearly 90% from about 30% three weeks ago, indicating a shift in investor sentiment towards a potential "Santa Rally" in the stock market [1][2]. Group 1: Interest Rate Expectations - The market anticipates a third consecutive rate cut of 25 basis points, lowering the federal funds rate to a range of 3.5%–3.75% [2]. - Concerns about the labor market are driving the rationale for rate cuts, with the unemployment rate rising to 4.4% and the unemployment rate for college graduates aged 20-24 reaching 8.5%, up 3.5 percentage points from 2022 [2][3]. - The Federal Reserve's balance sheet has decreased to $6.5 trillion, with bank reserves at $2.9 trillion, leading to speculation about the potential resumption of quantitative easing to enhance market liquidity [3][4]. Group 2: Market Sentiment and Seasonal Trends - Despite a surprising sell-off in November, traders are preparing for a "Santa Rally," as December typically shows strong seasonal performance for U.S. stocks [5]. - The Nasdaq 100 index has historically outperformed other indices in December, with an average increase of 1.7%, and if it records positive returns, the average gain could rise to 6% [6]. - The Russell 2000 index has shown even stronger performance, with a December average return of 2.3% and a monthly average positive return of 4.3%, indicating its stability and potential for higher returns compared to major benchmarks [6]. Group 3: Long-term Market Outlook - Major Wall Street firms maintain a positive outlook for the market heading into 2026, with Morgan Stanley projecting the S&P 500 to reach 7800 points, supported by strong earnings growth and operational leverage [7]. - Bank of America adopts a more cautious stance, forecasting the S&P 500 to end 2026 at 7100 points, citing concerns over liquidity and the shift in capital expenditure priorities [8]. - There is a consensus among institutions regarding the ongoing earnings divergence, with AI leaders showing resilience while smaller companies may have greater recovery potential [8].

下一步，交易商协会将继续推动信用衍生品市场发展，鼓励推出更多符合市场需求的主题CDS指数，促 进市场流动性提升，满足市场机构一揽子风险管理需求，更好助力金融"五篇大文章"，提升服务实体经 济质效。 （文章来源：新华财经） CDS指数作为挂钩一揽子主体的信用衍生品，具有标准化程度高、透明度强、参考实体广泛且天然分散 化的特点，是国际市场主流CDS交易品种。2021年，交易商协会发布《关于银行间市场信用违约互换指 数编制及交易有关事项的通知》，搭建CDS指数业务的基本框架。同年，外汇交易中心、上海清算所同 步提供交易清算服务。 截至目前，银行间市场CDS指数产品已有四只，分别是高等级CDS指数、民企CDS指数、长三角CDS指 数和科创CDS指数，主题分别涉及信用评级、企业性质、地域类型等不同维度，持续丰富市场参与者信 用风险管理工具箱。 新华财经北京12月10日电信用违约互换（CDS）指数家族迎来科创领域新成员。近日，中债资信、外汇 交易中心和上海清算所作为CDS指数编制管理机构，正式发布"CFETS-SHCH-CBR科创CDS指数"（以 下简称"科创CDS指数"）。 新华财经从交易商协会了解到，科创CDS指数由 ...

每经头条（nbdtoutiao）——白金信用卡权益大缩水：贵宾厅限次、酒店减量⋯⋯银行吐槽没赚头，"羊 毛党"薅了个寂寞 （记者 王瀚黎） 2024年1至12月份，陆家嘴的营业收入构成为：房产销售占比48.24%，房地产租赁占比22.19%，物业管 理占比14.88%，金融业收入占比9.14%，酒店业占比3.64%。 截至发稿，陆家嘴市值为411亿元。 每经AI快讯，陆家嘴（SH 600663，收盘价：8.16元）12月10日晚间发布公告称，公司第十届2025年第 五次董事会临时会议于2025年12月10日在上海市浦东新区龙阳路2277号（近芳甸路）永达国际大厦二楼 1号会议室以现场方式召开。会议审议了《关于调整公司第十届董事会专门委员会委员的议案》等文 件。 ...

Core Insights - Donald Trump Jr.'s wealth has significantly increased, primarily due to investments in cryptocurrency, with his net worth rising from approximately $50 million to around $300 million in one year, largely attributed to the success of World Liberty Financial [1][2]. Cryptocurrency Investments - World Liberty Financial has sold tokens worth approximately $1.4 billion, contributing to the Trump family's wealth, with Donald Trump Jr. estimated to have received around $80 million from this venture [2]. - The launch of a stablecoin by World Liberty Financial has added an estimated $19 million to Donald Trump Jr.'s wealth, alongside an additional $34 million in unliquidated World Liberty tokens [2]. - His stake in American Bitcoin, a cryptocurrency mining company he co-founded, could potentially add another $8 million to his wealth, although the exact percentage of his holdings remains unclear [3]. Non-Cryptocurrency Ventures - Donald Trump Jr. has also seen success in non-cryptocurrency investments, including a significant increase in wealth from shares in New America Acquisition I Corp, which recently went public [4]. - He holds stakes in several politically connected companies, valued at approximately $10 million, including Dominari Holdings and Trump Media and Technology Group [4]. - Real estate investments have appreciated, with properties in New York and Florida valued at around $12 million, and new agreements in the UAE, Saudi Arabia, and Vietnam expected to generate additional income [5]. Future Prospects - As the Executive Vice President of the Trump Organization, Donald Trump Jr. has considerable potential for further financial growth, especially with his recent partnership with 1789 Capital, which manages $1 billion in assets [6]. - The family's foray into cryptocurrency was driven by necessity after being shut out of traditional financial avenues, indicating a strategic pivot towards digital assets [6].

Group 1 - The Federal Reserve is expected to announce a 25 basis point rate cut tonight, with a 90% probability of this outcome, but future outlook remains uncertain [1] - Global expectations for rate cuts have been revised downwards, with Australia, New Zealand, and Canada also adjusting their rate cut forecasts, while the European Central Bank is seen as having ended its rate cut cycle [2] - The upcoming non-farm payroll report on December 16 is anticipated to have a greater impact on the dollar than the Federal Reserve's decision, with traders pricing in significant volatility following its release [3] Group 2 - There are internal divisions within the Federal Reserve regarding the rate cut, with some members likely to advocate for further cuts while others may adopt a cautious stance, potentially leading to dissenting votes based on inflation concerns [6] - The Federal Reserve may announce adjustments to its quantitative easing plan, which could include purchasing short-term government bonds to manage bank reserves and alleviate recent liquidity concerns in the financial system [9] - Market reactions are expected, with stock index futures showing mixed results and potential for significant volatility post-meeting, while the dollar is experiencing weakness against other currencies [10]

Core Insights - Tianmai Group has officially accelerated its globalization strategy with the launch of its Hong Kong International Center, aiming to enhance individual energy, empower business growth, and promote asset capitalization [1] Group 1: Cross-Border Listing Incubation Center - Tianmai announced the establishment of a Cross-Border Listing Incubation Center, led by a professional team with SEC, PCAOB, and FINRA qualifications, boasting experience in over 100 cross-border listing projects [3] - The center offers comprehensive "capitalization full-chain" services, including red-chip structure setup, financial and audit compliance, SEC and Hong Kong Stock Exchange application guidance, IPO/SPAC dual-path design, market value management, international business guidance, and digital upgrades [3] - The initial goal was to sign 4 companies during the event, but the final number exceeded 12, demonstrating Tianmai's strong appeal and influence in the cross-border listing and capital operation sectors [3] Group 2: RWA Technology Ecosystem - RWA (Real World Assets) is becoming a core element of global financial transformation, with initiatives from BlackRock and the inclusion of RWA in financial infrastructures in Hong Kong and Singapore [5] - Tianmai highlights that SMEs face challenges such as asset recognition by the financial system, difficulties in cross-border financing, and lack of transparency in value [5] - The RWA ecosystem will provide services such as asset tokenization identification, asset structuring and rights confirmation, on-chain mapping and minting, cross-border compliance design, global issuance and liquidity channels, and on-chain risk control and transparent tracking [6] - The core value of RWA lies in reducing friction for enterprises connecting to global capital, enhancing asset liquidity and valuation potential [6] Group 3: Comprehensive Growth Model - Tianmai's differentiated advantage stems from its foundational logic of starting from individuals, utilizing energy courses to assess energy fields, emotional frequencies, and meridian states to help individuals enhance stability, insight, and decision-making [8] - The company has established three systems: 1) Enterprise Growth System: enhancing organizational capabilities, introducing international business, and providing capital operation guidance; 2) Capitalization System: creating global financing capabilities through listings and RWA structures; 3) Asset Digitalization System: enabling quantifiable, verifiable, and tradable enterprise value [8] - These three systems interact in a spiral structure, forming Tianmai's unique full-chain growth ecosystem [8] Group 4: Global Layout and Influence - The launch of the Hong Kong International Center marks the official implementation of Tianmai's globalization strategy [9] - The company will focus on Hong Kong as its core, with Asia as the main axis, while establishing deep cooperation with North America and the Middle East [9] - Through this global layout, Tianmai aims to create a new organizational model that transcends regions, industries, and capital, enabling enterprises to realize value flow in the global market and granting more Asian companies greater influence on the international stage [9]

2.问：请您谈谈此次2025年到期续作特别国债发行的有关安排。 答：2025年到期续作的7500亿元特别国债将在全国银行间债券市场面向有关银行定向发行，期限品种包 括10年期4000亿元、15年期3500亿元。发行过程不涉及社会投资者，个人投资者不能购买。2025年到期 续作特别国债是原特别国债的等额滚动发行，仍与原有资产负债相对应，不增加财政赤字。 财政部将于12月12日开展2025年到期续作特别国债发行。财政部有关负责人就此接受了记者采访。 1.问：请您介绍一下2025年到期续作特别国债发行的背景。 答：2007年，经国务院同意和全国人大常委会批准，财政部发行了1.55万亿元特别国债，作为中国投资 有限责任公司的资本金来源。期限主要为10年、15年，2017年起陆续到期。2017年、2022年和2024年上 述部分特别国债到期时，财政部向有关银行定向发行特别国债偿还。对于2025年12月12日即将到期的 7500亿元特别国债，财政部将延续以前年度做法，继续采取滚动发行的方式，向有关银行等额定向发行 2025年到期续作特别国债，所筹资金用于偿还当月到期本金。 智通财经APP获悉，财政部将于12月12日开展2 ...