贵金属方面， 市场已提前消化美联储本月降息25个基点的影响，交易员普遍谨慎看待明年降息前景，部分投资者选择获利了结，国 际金价周一下跌。 截至收盘，纽约商品交易所明年2月交割的黄金期价收于每盎司4217.7美元，跌幅为0.60%。 当地时间周一，投资者等候美联储本周晚些时候将要公布的利率决议，市场交投情绪谨慎。尽管外界预计美联储本月降息25个基 点"板上钉钉"，但投资者普遍担忧在降息同时，因关键经济数据缺失，美联储可能就未来货币政策路径走向释放"鹰派"信号，美国三 大股指当天高开低走，最终集体收跌。截至收盘，道指跌0.45%，标普500指数跌0.35%，纳指跌0.14%。受AI数据中心投资热潮 与存储芯片供应短缺影响，周一多数美股热门芯片股上涨，美光科技股价涨超4%；博通股价涨幅近2.8%，微芯科技股价收涨 2.34%。 8日国际油价下跌 原油期货方面， 投资者密切关注俄乌谈判进展，加之国际油价上周五触及三周来高位，部分投资者选择获利了结，导致国际油价周一 下跌。 截至收盘，纽约商品交易所明年1月交货的轻质原油期货价格收于每桶58.88美元，跌幅为2%；明年2月交货的伦敦布伦特原 油期货价格收于每桶62.49 ...

Group 1 - The company plans to renew the financial services agreement with China Shipbuilding Finance for the year 2026, which constitutes a related party transaction and requires shareholder approval [1] - The agreement will be valid for one year, with a maximum daily deposit balance of 170 billion yuan, a loan limit of 33 billion yuan, a total annual credit limit of 80 billion yuan, and an annual foreign exchange transaction limit of 17.5 billion USD [1] - China Shipbuilding Finance will provide financial services including deposits, settlement, and loans, with deposit rates ranging from 0.06% to 3.70% and loan rates from 1.60% to 3.40% [1] Group 2 - This initiative aims to provide financial support, reduce costs, and lower risks for the company [1]

格隆汇12月9日丨金融街(000402.SZ)公布，和谐健康作为公司持股5%以上的股东，2025年12月4日至12 月8日通过集中竞价交易增持公司股份703.8441万股，占公司总股本的比例为0.235484%，持有公司股份 数量由441,300,960股增加至448,339,401股，占公司总股本的比例由14.764514%增加至14.999997%，权 益变动触及1%及5%的整数倍。 ...

Company Summary - Tianli Technology (SZ 300399) announced that as of the date of the announcement, Shangrao Digital and Financial Industry Investment Group Co., Ltd. has pledged a total of 29.64 million shares, accounting for 50% of its holdings [1] - As of the report date, Tianli Technology has a market capitalization of 5 billion yuan [1] Revenue Composition - For the first half of 2025, Tianli Technology's revenue composition is as follows: 80.45% from insurance product services, 19.53% from mobile information services, and 0.02% from trade business [1]

Core Viewpoint - The "Xiangyuan" financial products have been found to have audit report deficiencies, leading to early redemption after investor complaints to regulatory authorities [1][4]. Group 1: Audit Report Issues - Multiple "Xiangyuan" financial products were found to have audit reports that were not filed with the unified regulatory platform and lacked QR codes [1][3]. - The Zhejiang Provincial Finance Department confirmed that the audit reports from three accounting firms did not comply with regulations, marking them for strict supervision [3]. - According to industry insiders, unfiled audit reports lack validity and do not meet regulatory requirements, rendering them unreliable [3]. Group 2: Financial Transactions - The "Lishui Mingche" product involved a debt transfer contract with a principal amount of 100 million yuan, with a transfer price of 80 million yuan [1]. - The owner of Xiangyuan Holdings, Yu Faxiang, provided unconditional joint liability guarantees for the repayment obligations related to the financial products [2]. Group 3: Regulatory Compliance - The regulatory framework requires that audit reports be filed and assigned codes before being delivered to clients, as per the guidelines issued in September 2023 [3]. - The unified regulatory platform allows for verification of audit reports, but discrepancies between submitted reports and those in the system can lead to a "not filed" status [7].

（原标题：斯巴达资本首席经济学家：劳动力市场走弱或促美联储鸽派降息） 美股在混杂数据中保持韧性 圣诞行情成为推力 南方财经：首先我们先回顾一下截至 12 月 5 日一周美国股市的表现。尽管劳动力市场数据以及核心 PCE 通胀等经济指标表现各异，但 12 月第一周美股整体依然相当强劲。你认为推动市场保持韧性的主要因素 是什么？ Peter Cardillo：我认为市场之所以保持韧性，部分原因在于美联储大概率会降息25个基点，而且他们 这一次的态度可能会比以往更偏鸽派。这主要是因为劳动力市场正在走弱，我们从一些私人宏观指标中 也看到明显的疲软迹象。因此，美联储的预期叠加12月历来是股市表现较强的月份，使得市场进入了典 型的"圣诞行情"。 南方财经：那么，你现在最关注哪些板块？ 南方财经 21世纪经济报道记者 周蕊 纽约报道 2025年美联储最后一次议息会议即将来临。根据CME FedWatch数据，市场目前押注FOMC在12月会议 上降息25个基点的概率约为87%至 89%，显著高于一个月前。 当地时间12月3日，美国自动数据处理公司(ADP)发布的数据显示，今年11月美国私营部门意外减少约 3.2万个就业岗位， ...

Core Viewpoint - The Hong Kong capital market is experiencing a strong recovery in 2025, with significant improvements in market capitalization, trading volume, and IPO activities compared to the previous year [1][3]. Market Capitalization - As of the end of November 2025, the total market capitalization of the securities market reached HKD 48.0 trillion, a 41% increase from HKD 34.0 trillion in the same period last year, indicating a rapid recovery in market valuations and a notable improvement in investor sentiment [1]. Trading Volume - The average daily trading volume in November was HKD 230.7 billion, representing a 43% year-on-year increase. For the first 11 months of the year, the average daily trading volume was HKD 255.8 billion, a substantial 95% increase, highlighting significant improvements in market liquidity [3]. IPO Market Performance - In the first 11 months of 2025, Hong Kong saw 93 new listings, a 52% increase from 61 in the same period last year. The total funds raised through IPOs reached HKD 575 billion, a remarkable 230% year-on-year increase, positioning Hong Kong among the top global exchanges for both the number of listings and fundraising [3][10][11]. Future Outlook - The strong IPO momentum is driven by three main factors: the recovery of global new economy enterprises, the ongoing trend of mainland companies seeking secondary listings in Hong Kong, and the influx of southbound capital providing support for the market. The outlook for the IPO market in 2026 is optimistic, with expectations of new peaks driven by sectors like AI, technology, and innovative pharmaceuticals [14][15].

Group 1 - The Federal Reserve is expected to announce a 25 basis point rate cut during its upcoming two-day policy meeting, with a probability of 90%, significantly up from 66% in November [1] - Analysts warn that this rate cut could be a "hawkish cut," indicating potential future tightening despite the current easing [1] - The meeting will focus on potential divisions in policy votes, updated economic forecasts, and how the Fed will manage its balance sheet to adjust market liquidity [3] Group 2 - There is a general expectation of two rate cuts next year, but the timing varies among institutions, with predictions ranging from January and April to March and June [3] - The leadership structure of the Federal Reserve may change next year, which could impact future monetary policy direction [3] - The gold market remains supported by ongoing central bank purchases, with some market participants viewing short-term price corrections as buying opportunities [3][4] Group 3 - Despite potential short-term pressures on gold prices from rising real interest rates, long-term demand for safe-haven assets and central bank purchases are expected to provide support [4] - Market views suggest that gold prices could challenge the historic level of $5,000 per ounce by the first quarter of 2026 [4] - Current gold prices are in a critical technical balance area, reflecting a cautious market weighing interest rate pressures against structural bullish factors [4]

记者了解到，空中云汇2025年年化收入于10月突破10亿美元，同比增长90%。年化交易额同比增长一 倍，于10月突破2350亿美元。空中云汇近半数客户现已采用其多款产品，标志着产品与市场需求的契合 度正不断提升。持有全球80张牌照及许可，支持企业在200多个国家和地区开展业务，实现大规模多币 种结算。2025年，空中云汇在12个新市场强化了全球监管布局与区域服务能力。在法国、荷兰、以色 列、加拿大、韩国、日本、新西兰、马来西亚、越南、巴西、墨西哥、阿联酋等多个国家和地区获取了 新牌照并推出相关产品。伴随本轮融资，空中云汇同时宣布在美国旧金山设立第二个全球总部，将核心 产品、工程技术、战略合作及市场推广团队部署于全球AI创新与人才中心。(经济日报记者唐一路) 空中云汇相关负责人表示，传统金融服务商已难以适配现代企业的运营节奏。对此，投资者坚信空中云 汇正在这场定义行业未来的竞赛中脱颖而出。空中云汇打造的现代化解决方案，构建在专有的金融服务 基础设施之上，集全球银行服务、收单、计费管理、资金管理与支出管理于一体。本轮融资将为空中云 汇的增长注入强劲动力，持续扩大技术领先优势，并深化在美国及全球其他关键市场的战略布 ...

为了更好匹配企业空间发展需求，河套合作区还构建新质创新空间体系，河套深圳园区规划总建筑面积 高达745万平方米，目前已筹集科研空间超80万平方米，未来将新增空间达331万平方米，科研办公、实 验室、孵化器、中试平台、总部基地等空间将陆续投入使用。此外，围绕"国际协同创新区—口岸生活 区—滨河生活区"布局，河套深圳园区正推进建设国际人才社区、国际化商业与生活配套、国际医疗服 务并打造法律、金融、商务等专业服务体系。 香蜜湖新金融中心是为新质生产力配置的资本引擎。作为深圳中心城区唯一"平方公里级"连片开发区 域，香蜜湖新金融中心核心开发区1.4平方公里，提供产业空间约200万平方米，融汇国际交流、高端金 融、文化创意、商业休闲等功能，形成国际品质与地区特色的"城市新客厅 新金融中心"，构建了"金融 +文化+生态"深度融合的发展格局。 作为"中国电子第一街"，华强北"上午设计、下午打样、次日量产、一周出海"的创新魅力受到了各国企 业家的点赞。作为全球规模最大的电子产品交易集散地，华强北拥有3000多家研发机构、3400多家生产 企业、7万家销售主体、112家行业协会，以独特的"湾区红树林式"创新创业生态让"创意进、 ...