截至发稿，九鼎投资市值为84亿元。 每经头条（nbdtoutiao）——中标企业频频弃标 大型医疗设备采购有何难言之隐？ 每经AI快讯，九鼎投资（SH 600053，收盘价：19.29元）12月15日晚间发布公告称，公司第十届第十一 次董事会会议于2025年12月15日在公司以现场结合通讯方式表决的方式召开。会议审议了《关于2026年 度使用部分暂时闲置自有资金进行现金管理暨关联交易的议案》等文件。 2024年1至12月份，九鼎投资的营业收入构成为：房地产占比49.24%，私募投资管理占比47.32%，建筑 施工业务占比2.1%，其他业务占比1.35%。 （记者 曾健辉） ...

格隆汇12月14日丨长飞光纤(601869.SH)发布公告，公司子公司长飞资本及长芯博创拟于近日与海通并 购(上海)私募基金管理有限公司(以下简称"海通并购资本")、海通开元投资有限公司、上海益流实业总 公司、上海益流能源(集团)有限公司、泰州海陵城市发展集团有限公司、华能贵诚信托有限公司(代表华 能信托·尊承亨裕财富传承信托168号)、上海浦益实业有限公司签署《上海并购私募投资基金三期合伙 企业(有限合伙)之合伙协议》(以下简称"合伙协议")，并拟认购上海并购基金三期的有限合伙份额。上 海并购基金三期认缴出资总额为人民币8.3亿元，其中长飞资本作为有限合伙人，拟以自有资金认缴出 资人民币6,000万元，占上海并购基金三期出资总额的7.23%；长芯博创作为有限合伙人，拟以自有资金 认缴出资人民币4,000万元，占上海并购基金三期出资总额的4.82%。 上海并购基金三期主要聚焦于高端制造、集成电路、新材料、新能源、信息技术等国家政策支持产业的 并购等股权投资机会，开展投资。公司子公司长飞资本及长芯博创本次认购上海并购基金三期有限合伙 份额，旨在借助专业投资机构在股权投资领域的资源与优势，拓宽投资渠道，助力公司巩 ...

Core Viewpoint - The Zhejiang Securities Regulatory Bureau has imposed a record fine of 35.25 million yuan on Youce Investment for serious violations, including the misappropriation of fund assets and submission of false information, leading to the lifetime market ban of its actual controller [1][4][6]. Summary by Sections Administrative Penalties - Youce Investment was fined 21 million yuan, while three responsible individuals were fined a total of 14.25 million yuan. The actual controller, Huang Wei, received a lifetime ban from the securities market [4][7][12]. Violations Identified - The investigation revealed that Youce Investment and its actual controller engaged in the misappropriation of fund assets and submitted false information, which severely violated private fund regulations [6][11]. - Specific violations included the misreporting of the actual controller's identity and the unauthorized transfer of 9.55 billion yuan from fund accounts to other accounts [11][12]. Regulatory Actions - The China Securities Investment Fund Industry Association has revoked Youce Investment's management registration, preventing it from conducting further private fund activities [18]. - The firm was also found to have mixed its operations with related entities and failed to meet investor risk assessment requirements [18].

Group 1 - Sam's Club responded to the incident of a live mouse found in a mochi box, stating that it was likely an accidental intrusion during the product's placement at the pickup point [1] - Sam's Club has conducted a thorough investigation in collaboration with a pest control company and found no evidence of pests in the production, packaging, or storage processes [1] Group 2 - Alibaba has established the Qianwen C-end Business Group, aiming to develop Qianwen into a super app and an AI assistant for users across various devices and scenarios [2] - The new group is a merger of the original Intelligent Information and Intelligent Connectivity business groups, focusing on creating a comprehensive AI experience for users [2] Group 3 - MINISO LAND received the "Best New Store Concept Award" at the 2025 Global Retail Real Estate Summit in France, highlighting its innovative store format [3] - Another MINISO concept, MINISO FRIENDS, also won a prestigious design award, showcasing the company's commitment to innovation in retail [3] Group 4 - Relation Therapeutics announced a $1.7 billion collaboration agreement with Novartis to discover new drug targets for atopic diseases, including an initial payment of $55 million [5] - The agreement includes potential milestone payments and royalties based on product sales, indicating a significant investment in research and development [5] Group 5 - Blue Current, a solid-state battery manufacturer, completed over $80 million in Series D financing led by Amazon, aimed at accelerating the commercialization of its battery technology [6] - Granite Asia raised over $350 million for its pan-Asian private credit fund, supported by major Southeast Asian sovereign investment institutions [6] - Brookfield Asset Management and Qatar Investment Authority have established a $20 billion AI investment fund, reflecting growing interest in AI technologies [6] Group 6 - Vingroup from Vietnam plans to invest $3 billion in Telangana, India, focusing on renewable energy, electric mobility, and smart city development [6] - The investment aims to create a diversified industrial ecosystem and promote socio-economic development in the region [6]

在多元投资策略中，具备独到的理念和稳健的业绩表现，才能成为业界瞩目的焦点。近日，北京止于至 善投资管理有限公司(以下简称"止于至善")总经理何理在接受《证券日报》记者专访时表示，回顾创业 至今的投资历程，坚持深耕全球私募投资逾十年，始终秉持只以"合理价格"和投资"卓越公司"的核心原 则，不断优化投资策略，构建科学严谨的投资体系，才能取得优异的产品业绩。 所谓"合理价格"和"卓越公司"，何理认为，卓越公司应同时具备竞争力强、成长性高、价值创造大的特 点；而合理价格则是在对上市公司进行理性估值后，有一定折扣时的价格。这一理念在全球市场均具有 可行性。 何理同时表示，本公司投研团队采用扁平化管理与交叉研究模式，所有数据共享，投研效率高。这种结 构适合持续运营全球价值投资策略，鼓励研究员"畅所欲言"和"劳有所得"。交叉研究和重复研究增加了 研究广度与深度，许多股票因研究员个人兴趣而产生"意外的惊喜"。 截至目前，止于至善实现了港、美、韩、日等多市场布局，美股敞口占比较高。不同市场的资产定价逻 辑与风险特征各异，但投资组合是自下而上构建的，不会刻意调整结构或整体择时。这种策略确保了组 合的稳定性和灵活性。 "从英伟达的 ...

Core Viewpoint - The A-share market is experiencing wide fluctuations, but certain growth sectors are performing well. Despite short-term volatility, the long-term positive trend of the A-share market remains intact, with structural opportunities brewing after the current fluctuations [1][2]. Group 1: Growth Opportunities - The company continues to favor growth assets and will explore growth potential in high-quality enterprises along several main lines: the acceleration of Chinese companies going global amid global industrial chain restructuring, particularly in manufacturing, which is seizing new opportunities from re-industrialization in Europe and the U.S. and industrialization in emerging markets [1]. - In the semiconductor and other technology sectors, Chinese companies are expected to achieve technological catch-up and industrial upgrades in certain key areas [1]. Group 2: Consumer Trends and Market Dynamics - The rise of a new generation of consumers is reshaping consumption perceptions and behaviors, leading to the continuous emergence of new brands, product categories, and experiences [2]. - The company will focus on dimensions such as visibility of performance realization, sustainability of growth logic, and certainty of marginal catalytic factors in its investment choices [2]. Group 3: Strategic Adjustments and Market Monitoring - As the attractiveness of growth assets increases, the company has intensified its layout in high-certainty growth sectors, adjusting positions in the electronics sector and optimizing the internal structure of power equipment while reducing holdings in the pharmaceutical sector [2]. - The company is closely monitoring changes in corporate fundamentals and dynamically assessing opportunity potential to prepare for potential cross-year and spring market trends [2].

Group 1 - The core viewpoint of the article is that Xiamen Fukai Haichuang Investment Management Co., Ltd. has been found to violate regulations regarding investor suitability management in its private fund operations [1] - Xiamen Securities Regulatory Bureau issued a warning letter as a supervisory measure against Xiamen Fukai Haichuang Investment Management for failing to obtain and verify relevant investors' asset or income proof [1] - The company did not timely update the information of its management and staff as required by the Asset Management Association of China, leading to further regulatory action [1]

Core Points - Suzhou Major Industry Development Private Investment Fund Partnership has been established with a total investment of 4 billion yuan [1] - The fund's operational scope includes private equity investment, investment management, and asset management activities [1] - The fund is co-funded by Suzhou Industrial Investment Consulting Center Co., Ltd. and Suzhou High-tech Zone Guosheng Capital Operation Co., Ltd. among others [1] Summary by Sections - **Fund Details** - The registered capital of the fund is 400 million yuan [2] - The fund is classified as a limited partnership and is currently in a state of existence [2] - The business term is set from December 1, 2025, to December 1, 2045 [2] - **Investment Partners** - Suzhou Industrial Investment Consulting Center Co., Ltd. holds a 50.9% stake with an investment of 2.036 billion yuan [2] - Suzhou High-tech Zone Guosheng Capital Operation Co., Ltd. has a 5% stake with an investment of 200 million yuan [2] - Other partners include Suzhou Urban Construction Investment Development (Group) Co., Ltd. and Suzhou Transportation Investment Group Co., Ltd., each holding 4.875% with investments of 195 million yuan [2]

Group 1 - The core point of the article is the establishment of the Shanghai Puchuang Zhongying Fuyiao Private Investment Fund Partnership with a capital contribution of 1.667 billion yuan [1] - The fund's business scope includes private equity investment, investment management, and asset management activities [1] - The partnership is jointly held by Shanghai Pudong Innovation Investment Development (Group) Co., Ltd. and Bank of China Financial Asset Investment Co., Ltd. among others [1]

Core Viewpoint - Nanshan Holdings announced the establishment of a new private equity investment partnership, indicating a strategic move to enhance its investment portfolio and leverage opportunities in the market [1] Group 1: Company Actions - Nanshan Holdings' subsidiary, Baowan Logistics Holdings, is a limited partner in the newly formed investment partnership [1] - The partnership is established in collaboration with招商致远资本投资有限公司 and 深圳担保集团有限公司, showcasing a strategic alliance among key players in the investment sector [1] Group 2: Regulatory Compliance - The partnership has completed the necessary registration procedures with the Asset Management Association of China, adhering to the Securities Investment Fund Law and relevant regulations [1] - The fund has received its private equity fund registration certificate, which is a critical step for operational legitimacy [1]