Market Overview - On December 10, A-shares showed mixed performance with the Shanghai Composite Index down 0.23% to 3900.50 points, while the Shenzhen Component Index rose 0.29% to 13316.42 points, and the ChiNext Index slightly fell by 0.02% to 3209.00 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.78 trillion, with over 2800 stocks declining [1] Sector Performance - **Retail Sector**: The retail sector continued its strong performance, with stocks like Dongbai Group and Yonghui Supermarket hitting the daily limit. The National Retail Innovation Development Conference emphasized the importance of retail in driving domestic demand and high-quality development [2] - **Hainan Sector**: The Hainan sector saw significant gains, with stocks such as Hainan Ruize and Ronow Mountain reaching the daily limit. The upcoming full island closure operation of Hainan Free Trade Port on December 18 is expected to boost the sector [3] - **Precious Metals Sector**: The precious metals sector rose, led by companies like Xiaocheng Technology. Silver prices have increased by nearly 110% this year, with significant daily gains noted [4] Institutional Insights - **China Bank Securities**: The firm anticipates an early start to the "spring excitement" market, supported by funds and policies, with expectations of a bull market continuing into next year [5] - **Cinda Securities**: The firm suggests December may serve as a window for positioning in the cross-year market, although the timing for a market rally may not be immediate due to current high valuations [6] - **CITIC Securities**: The firm notes that before any unexpected changes in domestic demand, market fluctuations and structural opportunities will be the norm, with a focus on resource and traditional manufacturing sectors [7]

盘面上，海南十五五规划出台加快完善自由贸易港政策制度体系，海南板块爆发，神农种业、海马汽车及罗牛山等多股涨停；免税概念走高，中百集团涨 停；据报万科今日将讨论债券展期事宜，房地产板块午后拉升，万科A、财信发展等多股涨停；贵金属、共享经济、商业百货及教育等板块涨幅居前。另 外，培育钻石板块下挫，惠丰钻石跌逾6%；电源设备板块走低，海博思创跌逾8%；乳业股集体走弱，皇氏集团领跌；AIPC、银行及消费电子等板块跌幅居 前。(格隆汇) | 上证指数 | 深证成指 | 北证5C | | --- | --- | --- | | 3900.50 | 13316.42 | 1389.8 | | -9.03 -0.23% +39.06 +0.29% -11.93 -0 | | | | 科创50 | 创业板指 | 万得全/ | | 1346.70 | 3209.00 | 6288.2 | | -0.40 -0.03% -0.60 -0.02% +7.58 +0 | | | | 沪深300 | 中证500 | 中证A5( | | 4591.83 | 7155.99 | 5532.5 | | -6.40 -0.14% +34.67 ...

（原标题：A股午评：创业板指跌1.23%，超3800股下跌，海南本地股逆势上涨） A股三大指数集体下跌，截至午间收盘，沪指跌0.72%报3881.51点，深证成指跌0.56%，创业板指跌 1.23%，北证50跌1.29%。全市场成交额1.15万亿元，较上日成交额缩量1184亿元，超3800股下跌。盘面 上，海南"十五五"规划建议发布，海南本地股全线上涨；贵金属、零售板块涨幅居前，培育钻石、元 件、光伏设备、消费电子板块走低。 ...

Core Insights - The event themed "New Service and New Supply" aims to promote the development of the service industry in Henan Province, showcasing innovative business models and successful case studies [1][3]. Group 1: Supply Chain Innovations - Mixue Ice City has established a new supply model for fresh tea drinks through "vertical integration + scale effect," resulting in low costs and high sales volume [1]. - Zhongdamen International Logistics Group has innovated a cross-border logistics model using "pre-clearance + full cargo charter," reducing port stay times and promoting the integration of logistics, trade, and data [1]. - Strength Diamond has pioneered an integrated model of "R&D + manufacturing + services + cultural tourism," effectively driving the entire value chain from raw diamonds to end consumer products [1]. Group 2: Service Industry Development - Henan Province has recognized 129 new service supply brand enterprises and 61 key projects, with 75 new enterprises added to the reserve, creating a robust service industry matrix [3]. - The 58 exemplary enterprises include 16 production service models that leverage digital transformation, 21 lifestyle service benchmarks enhancing consumer quality, and 21 pioneers in service-oriented manufacturing [3]. Group 3: Digital Transformation and Innovation - Henan Xiangyu Medical Equipment Co., Ltd. shared its achievements in the fields of rehabilitation medical layout and smart elderly care [4]. - The Henan Museum has developed over 2,000 cultural and creative products, creating jobs for 15,000 people, showcasing the potential of cultural innovation [6]. - The province aims to focus on key industries and weak links during the 14th Five-Year Plan, implementing a new service supply cultivation project to foster high-quality service enterprises [6]. Group 4: Case Studies of New Supply Models - Notable case studies include Mixue Ice City, which aims to create a global supply of affordable beverages, and Banu Hot Pot, which integrates product and service innovation in the restaurant industry [8]. - Other examples include Yuanfang Smart Logistics, which leads modernization in logistics through digital transformation, and Zhengzhou Sunshine Home Service, which enhances community services through a unique operational model [8].

【环球网财经综合报道】日前，2025培育钻石产业大会在郑州举行，旨在汇聚全球产业链上下游创新力量，助力河南 培育钻石产业发展。据大会现场发布的《2025培育钻石产业发展报告》数据，河南培育钻石年产量近2500万克拉，但 缺乏差异化高端品牌，全球培育钻石市场目前仍由欧美品牌主导。 报告还提出，截至目前，全球培育钻石毛坯产能约4000万克拉，中国产能占比约63%，中国是全球培育钻石生产核心 力量；预计到2030年，中国培育钻石市场规模将超千亿元，中国知名培育钻石品牌会超过10个，涌现出1至2个国际品 牌。 《联合早报》对此发文称，黄河旋风钻石事业部销售经理刘晓磊说，近年来，培育钻石市场需求呈现显著增长态势， 这一方面得益于消费者消费观念的转变，另一方面也源于培育钻石自身的多重优势。相较于天然钻石，培育钻石从成 分、外观等方面与天然钻石几乎一致，且价格方面有一定优势。 ...

(一)重要市场新闻 2、2025培育钻石产业大会6日在郑州启幕，现场签约30个全产业链项目，总投资额不低于150亿元。此 次大会还发布了《2025培育钻石产业发展报告》，并举办产业对话会及产教融合对接会等活动。依托7 家超硬材料领域国家级研发平台，郑州在高温高压法，大功率化学气相沉积法等关键技术上持续领先， 并拓展至散热、光学等高端应用领域。河南省中原珠宝创新产业（300832）研究院院长张杰在大会上介 绍，当前中国培育钻石市场规模约140亿元，预计到2030年将超过1025亿元，中国将是培育钻石市场规 模快速增长的千亿蓝海。 点评：随着5G通信、人工智能、云计算等技术的爆发式发展，算力呈指数级增长，对散热能力提出更 高需求。而金刚石散热在高算力场景中具有超高导热率，出色的热稳定性，与材料兼容性好等显著优 势。科技巨头已在尝试金刚石散热技术。未来随着金刚石散热方案不断完善，有望重构散热技术全球竞 争格局，而我国为世界超硬材料生产大国，其人造金刚石的产量位居全球第一，产业链优势明显，有望 充分受益。概念股包括国机精工（002046）、四方达（300179）、黄河旋风（600172）等。 3、中国电信（60172 ...

今日提示 ·第七届联合国环境大会定于12月8日至12日在肯尼亚内罗毕举行。大会旨在激发全球应对气候变化、污 染、生态系统退化等挑战的集体行动。 ·修订后的《证券结算风险基金管理办法》自12月8日起施行。风险基金投资范围在原仅限于银行存款的 基础上，新增购买关键期限国债、中国证监会和财政部批准的其他资金运用形式。 ·佳华科技12月8日开市起复牌，公司拟发行股份及支付现金购买数盾信息科技90%股份，并募集配套资 金。 ·安妮股份12月8日开市起复牌，晟世天安将成为公司控股股东，并取得公司控制权。 ·ST天瑞12月8日开市起复牌，公司控制权变更事项因未达成一致意见而终止。 ·纳百川今日申购，代码301667，发行价22.63元，市盈率28.70倍，申购上限0.65万股，主营电池液冷 板。 ·优迅股份今日申购，代码787807，发行价51.66元，市盈率60.27倍，申购上限0.45万股，主营光通信收 发合一芯片。 上证精选 ·金融监管总局发布《关于调整保险公司相关业务风险因子的通知》。险企投资沪深300指数成分股、中 证红利低波动100指数成分股、科创板股票风险因子下调，或将释放超千亿元入市资金。 ·中国证监会就《 ...

作为我国超硬材料产业的发源地，河南历经六十余年的发展，构建了从研发到应用的完整培育钻石产业 链。目前，郑州已构建起完整的培育钻石产业链，汇聚了一批龙头企业，链上企业达122家，产业规模 超150亿元。 12月6日，2025培育钻石产业大会在河南省郑州市举行。此次大会以"新质璀璨·生态全链"为主题，聚焦 全球培育钻石技术创新、产业发展与应用拓展的最新成果。来自全球培育钻石产业链上下游的行业代表 齐聚一堂，共探技术前沿、共商产业趋势。 《证券日报》记者了解到，大会现场签约30个产业链重点项目，总投资额不低于150亿元，进一步推动 我国培育钻石产业进入规模化、生态化发展的新阶段。 会上，河南省中原珠宝创新研究院院长张杰发布了《2025培育钻石产业发展报告》（以下简称《报 告》）。《报告》提出，当前中国培育钻石市场规模约140亿元，预计到2030年将超过1025亿元。 从全球产能格局来看，中国已占据关键主导地位。《报告》显示，截至目前，全球培育钻石毛坯产能约 4000万克拉，中国产能约2520克拉，占比约63%。预计到2030年，全球培育钻石产能将突破1.2亿克 拉，中国产能近8000万克拉，复合增速达26%。 "2 ...

Group 1: Securities Industry Overview - As of September 2025, the total assets, net assets, and net capital of the securities industry are projected to reach 14.51 trillion yuan, 3.27 trillion yuan, and 2.39 trillion yuan respectively, showing significant growth compared to 2021 [2] - The cumulative operating income of the entire industry is expected to exceed 2 trillion yuan, with cumulative net profit surpassing 800 billion yuan [2] - The asset management business scale of the securities industry is anticipated to exceed 9 trillion yuan, and the scale of financial products sold is expected to exceed 4 trillion yuan, reflecting a growth of over 50% since the end of 2021 [2] Group 2: Fund Management Regulations - The draft guidelines for performance assessment of fund management companies have been released, emphasizing performance evaluation and linking various indicators to profitability [3] - Regulatory requirements mandate that senior executives and fund managers increase their investment in their own funds, with at least 30% of their annual performance compensation tied to the purchase of their company's funds [3] - Fund managers' performance compensation will be closely linked to fund performance, with significant reductions in compensation for those whose products underperform benchmarks by over 10 percentage points and have negative profit margins [3] Group 3: Market Trends and Projections - The Chinese cultivated diamond market is expected to exceed 100 billion yuan by 2030, with China currently holding about 63% of the global production capacity [4] - The global first panoramic drone, Yingling A1, recorded over 200 million yuan in sales on its first day, topping sales charts across multiple platforms [5] - OpenAI plans to respond to Google's Gemini 3 with the upcoming release of GPT-5.2, which is now expected to launch on December 9, ahead of its original schedule [6] Group 4: Commodities and Economic Indicators - Citic Securities indicates that the copper price is expected to gradually rise to 12,000 USD/ton by 2028, driven by a weak dollar and strategic importance in global supply chains [7] - The Ministry of Transport and the Ministry of Culture and Tourism have introduced measures to enhance cruise transportation and tourism services [8] - The Ministry of Industry and Information Technology plans to establish a standardization committee for quantum information, focusing on key areas such as quantum computing and communication [10] Group 5: Investment Opportunities - The silver market has seen significant growth, with silver prices reaching historical highs, making it an attractive investment for retail investors [10] - There has been a notable increase in state-owned enterprise mergers and acquisitions, with 265 events reported from January to November, reflecting a 14.22% year-on-year growth [11] - Recent inflation data in the U.S. supports the likelihood of the Federal Reserve lowering interest rates, which could positively impact the stock market [12]

据大会当天发布的《2025培育钻石产业发展研究报告》(以下简称《报告》)分析，当前全球培育钻石市 场规模约1272亿元(人民币，下同)，市场接受度提升、品牌布局加速、技术进步推动、应用领域拓展等 多重因素作用下，培育钻石行业正迎来前所未有的发展机遇。 在快速增长的市场规模下，如何以品牌价值赋能行业发展成为业内人士的关注焦点。多位受访人士表 示，"人造钻石看中国，中国钻石看河南"虽已是行业共识，但河南培育钻石具有竞争力的品牌体系远未 形成。 中国国际经济交流中心原总经济师陈文玲分析，当前河南培育钻石产业具有技术先进、产能高、产业链 完整等优势，但在品牌影响力和国际营销经验方面相对不足，"目前全球培育钻石市场仍由欧美品牌主 导。河南培育钻石虽已出海，但'买钻石到郑州'的品牌标识还未树立"。 周宏宁认为，培育钻石的品牌建设是行业共性问题，因此品牌战略要树立广阔的产业视野，建设共同行 业基准，包括培育钻石质量评价标准、知识产权等问题的解读等。 中新网郑州12月6日电 题：培育钻石产业盼品牌成长和智能生产双重变化 作者 王佳宁 6日，在河南郑州启幕的2025培育钻石产业大会上，工业和信息化部工业品牌培育专家组组长周宏宁 ...