每经AI快讯，*ST东通（SZ 300379，收盘价：3.02元）12月8日晚间发布公告称，黄永军先生因个人原 因申请辞去公司董事长、董事职务，同时一并辞去董事会战略委员会主任委员职务，辞职后不再担任公 司任何职务。 截至发稿，*ST东通市值为17亿元。 每经头条（nbdtoutiao）——处方药变"瘾品"：国内首次报告普瑞巴林滥用致成瘾病例，网络平台暴 露"无病历可购药"漏洞，列管与否尚需科学考量 （记者 曾健辉） 2025年1至6月份，*ST东通的营业收入构成为：电信占比33.01%，其他业务占比32.0%，金融占比 19.58%，政府占比15.41%。 ...

同时，项目还创新落地了联合销售做市机制。中金公司作为销售机构参与项目发行，并在二级市场持续 开展销售，持续服务提高产品流动性。引入专业做市商开展双边报价、询价撮合等服务，既有效维护了 市场稳定运行，又为投资者构建了高效透明的交易环境。做市商凭借专业研究能力提供的定价参考，将 进一步促进市场价格发现功能，助力实现资产合理估值。这一系列制度安排将显著提升产品流动性水 平，为投资者提供更优质的交易体验。 服务国家战略探索能源领域高质量发展新路径 创新机制协同保障多元化投资者踊跃参与 据悉，该项目采用了市场化询价发行机制，充分发挥了交易所市场投资者多元化优势，助力产品高效合 理定价。发行人面向市场机构，通过明确资产估值、询价区间等方式向多类投资机构开展询价。 值得一提的是，该方式与以往在不动产交易领域主要依靠寻找基石投资机构确定价格，并由其他投资机 构跟随投资的传统方式不同，有助于促进更加充分的市场博弈，推动有效的投融平衡，吸引了多元化投 资机构的积极参与，包括保险机构、信托机构、私募基金以及产业投资者等。 新华财经上海12月8日电 近日，"国金资管-新疆国信持有型不动产资产支持专项计划"在上交所成功设 立，发行规模 ...

Group 1: Background and Motivation - Local government debt risks have intensified due to increasing fiscal imbalances, prompting the need to activate state-owned assets[4] - As of the end of 2024, China's state-owned assets total approximately 957.8 trillion yuan, highlighting the potential for asset activation to stabilize economic growth[6] - The central and local governments have emphasized the importance of activating existing assets to alleviate debt risks and enhance fiscal revenues[6] Group 2: Impact on Regional Development - In 2024, Chongqing activated assets worth 485.5 billion yuan, recovering 261 billion yuan, demonstrating the effectiveness of asset activation in generating cash flow[7] - Non-tax revenue in China is projected to grow by 25.4% in 2024, largely due to the activation of state-owned resources, contributing to 20.36% of the general public budget revenue[9] - The activation of idle assets can significantly enhance resource allocation efficiency, allowing for better utilization of land and infrastructure[14] Group 3: Effects on Urban Investment Companies - Urban investment companies can alleviate short-term debt pressures by selling non-core and idle assets, thereby optimizing their balance sheets[16] - The issuance of public REITs or asset-backed securities allows urban investment companies to broaden financing channels and reduce reliance on traditional financing methods[16] - Asset activation fosters the development of market-oriented operational capabilities, enabling urban investment companies to transition from financing to urban operation roles[17] Group 4: Case Studies in Fujian Province - Fujian Province employs restructuring and financing activation methods tailored to local fiscal conditions and resource endowments, exemplifying a "localized" approach[5] - Coastal cities like Fuzhou and Xiamen focus on upgrading low-efficiency industrial land through innovative financial instruments like REITs, enhancing land utilization[19] - Resource-rich mountainous cities like Longyan utilize resource certification methods to convert idle rural assets into tradable capital, balancing social and economic benefits[28]

Core Insights - The article discusses the disconnect between the Federal Reserve's discussions on interest rate cuts and the actual market activities, particularly in the context of a $6.5 trillion balance sheet manipulation by the Fed [1] - It highlights how institutional investors, particularly hedge funds, are already positioning themselves in the oil futures market, indicating a proactive approach to market movements [3] - The article emphasizes the prevalence of algorithmic trading in the market, which accounts for 80% of trading volume, and how this impacts stock movements beyond traditional analysis [6][15] Group 1: Market Dynamics - The Federal Reserve's discussions on interest rate cuts are perceived as a facade while they manage a substantial balance sheet [1] - Institutional investors are leveraging quantitative models to anticipate market movements, as evidenced by their early positioning in oil futures [3] - The article critiques the reliance on traditional technical analysis in a market dominated by algorithmic trading, suggesting that understanding liquidity arbitrage is crucial [6][15] Group 2: Trading Behavior - The trading behavior of stocks is influenced by institutional inventory data, which reveals patterns that are not visible through conventional analysis [4][14] - The article illustrates that the market operates like a battlefield, where understanding the underlying dynamics is essential for success [14] - The mention of abnormal institutional inventory in treasury futures indicates a strategic approach to trading based on anticipated Federal Reserve actions [15]

Core Viewpoint - Investor confidence in the Eurozone showed a slight improvement in December, but significant structural divergence remains evident [1] Group 1: Investor Confidence Index - The Eurozone investor confidence index rose to -6.2 in December, up from -7.4 in the previous month and above the market expectation of -7.0 [1] - The assessment of the current economic situation improved from -17.5 in November to -16.5 in December [1] - The future economic expectations index increased from 3.3 to 4.8 [1] Group 2: Germany's Economic Performance - Germany's investor confidence index significantly declined to -22.7 in December, marking the lowest level since April of this year [1] - The assessment index for the current economic situation in Germany fell to -41.8, the lowest since February [1] - Germany is described as a "stumbling block" in the Eurozone's economic recovery process, with its poor performance notably suppressing confidence across the region [1] Group 3: Overall Economic Context - Despite a marginal recovery in overall confidence within the Eurozone, the region struggles to fully benefit from growth momentum observed in most other global areas [1]

MSCI全球上市股票及私募股权指数将私募股权的目标配置比例设定为15%，每日基于各成分指数的实际权重变化及每日 表现进行计算。这一指数还将按季度进行审查与再平衡，以确保与目标配置权重保持一致。每次审查均纳入最新可用的成分指 数数据，并将权重因子重置为目标配置比例。再平衡操作遵循MSCI指数维护政策，确保指数具备连续性与长期可比性。 （编辑 何帆） 随着私募市场日益融入投资组合，私募股权已逐步成为整体资产配置中的核心组成部分，助力投资者实现多元化配置、获 取长期回报潜力，并提供公开市场所未覆盖经济领域的投资敞口。这一指数顺应了投资者资产组合结构的演变趋势，为追踪全 球范围内跨公开市场及私募市场的资产表现树立了全新标准。 新推出的指数结合了MSCI的旗舰指数MSCI全球可投资市场指数（MSCI ACWI IMI），以及全新的MSCI全球私募股权指 数（MSCI All Country Private Equity Index）。前者覆盖发达与新兴市场上市公司股票机会集的表现，并有约5.6万亿美元基金 资产管理规模，后者则基于MSCI专有数据资料集，通过近10000只私募股权基金有限合伙人（LP）提供的现金流与估值 ...

Core Insights - Shenyang Financial and Trade Economic and Technological Development Zone has been upgraded to a national-level economic and technological development zone, marking a significant transition from "urban renewal" to "industrial landmark" [1] Group 1: Strategic Planning and Resource Activation - The development zone is located in the core area of Shenyang, benefiting from a robust transportation network, including the Shenyang North Station and multiple subway lines, facilitating efficient connectivity [2] - It houses over 20,000 enterprises and accounts for more than 60% of the city's financial institutions, totaling 726, creating a vibrant financial ecosystem [2] - The zone generates nearly half of the city's financial value-added and manages over 70% of the city's loan resources, dominating sectors like securities and insurance [2] - A comprehensive financial service system has been established, supporting various financing needs, including over 200 billion yuan in credit through innovative financial solutions [2] Group 2: Reform and Development Enhancement - The upgrade to national-level status opens new opportunities, with initiatives like the Northeast Asia Financial Conference aimed at fostering regional cooperation [3] - Plans for the 14th Five-Year Plan include exploring "technology finance demonstration zones" and "cross-border financial cooperation zones" to deepen the integration of finance and the real economy [3] - The development zone aims to enhance trade through new business models, including cross-border e-commerce and high-end supply chain management, while promoting digital product and technology trade [3] Group 3: Talent Acquisition and Development - The development zone is focused on innovative talent management and incentive mechanisms to enhance performance and service efficiency [4] - Initiatives like the "Xingliao Talent Plan" and "Xingshen Talent Plan" aim to create a comprehensive talent development ecosystem, emphasizing the cultivation of skills relevant to industry and management [4] - The zone is committed to empowering its development through talent, positioning itself as a leader in the revitalization of Northeast China [4]

今日周一(12月8日)欧盘时段，白银期货目前交投于13548一线上方，今日开盘于13666元/千克，截至发 稿，白银期货暂报13693元/千克，上涨1.97%，最高触及13918元/千克，最低下探13470元/千克，目前来 看，白银期货盘内短线偏向看涨走势。 目前摩根士丹利：预计美联储将于12月降息25个基点，此前的预测为不降息。预计美联储2026年1月和4 月将分别降息25个基点，最终目标区间为3.0%-3.25%。 【最新白银期货行情解析】 沪银上周主要看涨，本周期一度到了13900高点，白银只要是向上突破，在顺势力度上就不要猜高，市 场能涨到哪里，就看到哪里。经过上周五尾盘的调整，白银目前在13660，本周下方支撑在13250附近， 周内只要维持此支撑不破，就可以顺势做多继续看涨，还是维持上周不猜顶，不做空，但如果意外跌破 13250就需要注意强弱变化。沪银主力合约参考运行区间13570-14000。 【要闻速递】 短期来看，目前美联储内部整体格局高度分裂，鲍威尔可能会在本周议息会议上鹰派降息，叠加俄乌危 机缓解，预计白银价格在短期仍可能维持区间震荡走势。供给方面，供给面紧缺叠加年末交割压力，基 本面紧 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 （2）对账单需包含从第一次买入该股票至打印日期间的所有交易记录，目前仍持有的投资者须显示剩 余持股数量。 二、投资者身份证正反面复印件； 受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我们！ 2025年11月28日晚间，海德股份（维权）发布《关于公司及相关人员收到中国证券监督管理委员会<立 案告知书>的公告》。公告显示：海南海德资本管理股份有限公司及实际控制人王广西于近日收到中国 证监会《立案告知书》（证监立案字0292025006号、证监立案字0292025007号）。根据《立案告知 书》，因涉嫌信息披露违法违规，根据《中华人民共和国证券法》《中华人民共和国行政处罚法》等法 律法规，中国证监会决定立案。 截至本公告披露日，公司尚未收到中国证监会的最终调查结论，立案调查事项的最终结果将以中国证监 会出具的结论为准。 上海百悦律师事务所牛彬律师表示，海德股份因涉嫌信披违法违规遭证监会立案，投资者或可索赔 ...

宏观经济周报 2025 年第 50 周 一、中国宏观 高频：本周 ICHI 综合景气指数小幅回升并重返扩张区间，在前期调整后延续呈 温和修复态势，整体景气水平更趋稳健。从分项来看，消费景气指数在上周短 暂回调后再度回升，显示需求端的修复力量依然稳固，居民消费在政策支持和 季节性因素带动下持续改善。投资景气指数延续前期的平稳调整，小幅收缩， 反映基建与制造业投资的节奏性变化。在政策持续强调扩大有效投资的背景 下，回稳迹象逐步显现，后续仍具改善空间。出口景气指数继续运行在扩张区 间，外需回暖趋势继续巩固，带动国内生产链条形成对整体景气的重要支撑。 生产景气指数本周出现回升，表明在前期基数与节奏波动影响下，生产动能正 在重新累积，制造端活动更加平顺。总体来看，本周综合景气指数的回升反映 经济在经历短期调整后进入再平衡阶段，在政策托底、内需修复与外需改善的 共同作用下，景气水平有望稳步走向温和扩张。 2025 年 11 月中国制造业 PMI 小幅回升至 49.2%，制造业景气边际改善，结构 亮点凸显。产需两端同步改善，生产指数回到临界点。小型企业 PMI 显著回 升，高技术制造业连续 10 个月保持扩张，成为制造业韧 ...