Core Insights - In 2026, Chinese SMEs are expected to lead a new wave of globalization, adopting a "Day 1 Global" approach by targeting overseas markets from inception [1][10] - The Chinese government is actively promoting the international expansion of SMEs through policies that support service trade, technology trade, and global supply chain integration [1][10] - A report by LinkedIn highlights the importance of focusing resources on SMEs, which are significant job creators, especially in emerging markets [11] Group 1: Globalization Challenges - SMEs face challenges in globalization due to limited resources, requiring them to pursue differentiated, refined, and digital paths for high-quality growth [1][11] - Talent acquisition and organizational capability are critical challenges for SMEs venturing abroad, with issues such as insufficient training opportunities and unclear career paths being prevalent [1][11][12] Group 2: Brand Recognition and Trust - Establishing brand recognition and trust is more difficult in overseas markets, with nearly half of SMEs lacking a systematic employer branding strategy [2][12] - Many SMEs have unclear brand positioning and low local employee recognition, compounded by cross-cultural communication barriers [2][12] Group 3: Growth Engines - SMEs are leveraging three main growth engines: technological empowerment, brand credibility, and professional networks to achieve globalization with limited resources [4][14] - Over 60% of SME managers view AI as crucial for business growth, with 73% of marketing professionals believing AI enables small brands to compete effectively [5][15] Group 4: Technological Empowerment - A Chinese SaaS startup exemplifies how AI can enhance recruitment and brand visibility, leading to a doubling of candidate applications and a 30% reduction in hiring time [5][15] Group 5: Brand Credibility - 76% of global SME owners prioritize brand and reputation building as core goals for the next three to five years, with many engaging in content creation to enhance trust [6][16] - A Chinese smart home manufacturer successfully increased engagement by 200% in target decision-makers through storytelling and video advertising [6][16] Group 6: Professional Networks - 78% of global business owners consider social networks vital for growth, with 63% of SME professionals stating that trusted opinions in business communities expedite decision-making [7][17] - LinkedIn hosts over 18 million SMEs that have built extensive global networks, facilitating early market insights and business opportunities [7][17] Group 7: Strategic Shift - The current wave of SME globalization represents a significant adjustment in China's foreign trade and investment structure, emphasizing the agility and innovation of SMEs in exploring new markets [8][19] - The transition from "going out" to "going in" and "moving up" reflects a combination of business logic, national strategy, technological trends, and corporate innovation capabilities [8][19]

白银价格持续高位震荡 12月11日，美国纽约商品交易所白银期货价格在首次突破每盎司60美元关口之后再次突破每盎司62美 元。国内市场方面，截至12月11日15：00收盘，上海期货交易所沪银主力合约报收于14488元/千克，也 继续上涨。东方金诚研究发展部副总监瞿瑞表示，白银价格短期将高位震荡。"一方面，美联储12月议 息会议如期降息25个基点符合市场预期，可能出现'预期兑现'引发的获利了结压力，同时白银现货紧 张，推升银价涨幅显著大于黄金，也会导致白银面临调整压力；另一方面，在光伏与新能源需求驱动 下，白银供给已连续5年小于需求，同时矿产白银产量增长有限、全球白银库存处于历史低位，供需缺 口持续扩大利好银价。"中长期来看，支撑白银上涨的核心逻辑未发生变化。国信期货研究所首席分析 师顾冯达分析称，随着新能源、电子制造等产业的快速发展，白银的工业应用场景持续拓宽，加剧市场 对白银供需缺口的担忧，吸引资金基于中长期逻辑进行布局。（经济参考报） 年内商业银行"二永债"发行规模达1.66万亿元 中国货币网信息显示，近日，上海银行完成发行年内首只无固定期限资本债券，发行规模为100亿元。 今年以来，商业银行持续通过发行二 ...

格隆汇12月12日丨汉得信息(300170.SZ)在投资者互动平台表示，公司是企业数字化、智能化产品及解 决方案的综合服务供应商，产品及服务涵盖数智化软件产品、解决方案、咨询服务及实施交付，暂不涉 及传感器的研发与生产。 ...

中央经济工作会议召开，会议分析当前经济形势，部署2026年经济工作。会议指出，明年经济工作在政 策取向上，要坚持稳中求进、提质增效，发挥存量政策和增量政策集成效应，加大逆周期和跨周期调节 力度，提升宏观经济治理效能。另外，会议确定，明年经济工作抓好八项重点任务。"坚持内需主导， 建设强大国内市场"居于首位；还提到要继续实施适度宽松的货币政策；着力稳定房地产市场，因城施 策控增量、去库存、优供给。 美联储周四宣布，其理事会已投票一致同意重新任命11位地区联储主席，任期为五年，自明年3月1日开 始。美联储表示，重新任命是在地区联储董事会对地区联储主席进行全面评估后作出的，并获得了美联 储理事会的"一致同意"。此举解决了围绕美联储货币政策委员会未来构成的一个关键问题。此前有报道 称，特朗普可能会试图任命其盟友来审查这些续任决定——这是其加大对美联储施压的更广泛行动之 一。 美股方面，三大指数收盘涨跌不一，道指涨1.34%创历史新高，纳指跌0.25%，标普500指数涨0.21%。 1. OpenAI发布更先进模型GPT-5.2 随着与谷歌竞争加剧，OpenAI推出GPT-5.2，目前尚无在API中弃用GPT-5.1、 ...

记者丨金珊 吴斌 编辑丨黎雨桐 12月11日，美股三大股指开盘涨跌不一，截至北京时间23:34，道指涨0.94%，标普500跌0.18%，纳指跌 0.72%。 大型科技股跌多涨少，其中，甲骨文一度跌至16%，市值蒸发约1020亿美元（约合人民币7200亿元）， 截至发稿跌幅收窄至13%。消息面上，甲骨文第二财季业绩显示，公司营收、云业务收入均不及市场预 期。此外，英伟达、AMD跌超3%，英特尔跌超2%，特斯拉、苹果、谷歌跌超1%。 | ( ) | 甲骨文(ORACLE) | | | | | --- | --- | --- | --- | --- | | | ORCL.N | | | | | 193.480 | 量 3311.5万 股本 28.51亿 市盈 35.8 | | | 万得 | | -29.530 -13.24% | 换 1.16% 市值 5516亿 市净 18.11 | | | 盘口 | | 盘中、五日 | 目K 周K 月K | | 車客 | (0) | | 叠加 | 均价:190.959 | | | | | 258.700 | | | 16.00% 卖一 193.500 | 90 | | | | ...

Group 1 - Morgan Stanley has lowered Oracle's target price from $270 to $230 while maintaining a "neutral" rating [1] - Oracle's Q2 performance was below expectations, leading to a pre-market drop of over 12% [1]

本报讯 （记者矫月）近日，西南证券（600369）携手恒生电子（600570）与华为终端上线平板一体化 柜面系统，全面满足国产化适配要求。该系统革新临柜业务办理模式，融合鸿蒙操作系统的AI能力， 有效提升服务效率与客户体验，推动行业柜面服务迈入无边界、数智化的新阶段。 在系统建设过程中，西南证券充分发挥业务引领作用，以业务需求为核心锚点，明确功能建设重点，推 动系统功能与业务场景的深度融合；恒生电子凭借完善的业务解决方案，高效打通集中运营平台与移动 终端之间的连接，升级系统功能，助力构建高效、稳定、可扩展的一体化柜面；华为终端提供搭载鸿蒙 操作系统的平板，为项目提供了稳定可靠的硬件基础与AI能力支撑，提升业务办理的智能化水平。三 方通力协作下，该系统已在西南证券全国106家分支机构全面应用，成为其"效率提升年"的标志性成 果。 三方携手打造的平板一体化柜面系统，以华为平板为载体，在硬件层面节省证件读卡器、高拍仪、手写 板等外设，大幅降低硬件成本，也解决了外设兼容性差、故障频发的问题。告别杂乱的线缆与外设后， 营业部柜面更显专业整洁。 系统将传统柜面业务全面整合到轻便的平板，摆脱空间限制，支持柜员在营业场所内移 ...

香港联交所最新资料显示，12月8日，小摩增持金蝶国际(00268)622.9962万股，每股作价13.5099港元， 总金额约为8416.62万港元。增持后最新持股数目约为1.79亿股，最新持股比例为5.04%。 ...

Core Viewpoint - Oracle's second fiscal quarter results fell short of market expectations, leading to a significant pre-market drop in stock price by nearly 12% to $196.79 [1] Financial Performance - The company's revenue and cloud business income did not meet market forecasts [1] - The quarterly free cash flow (FCF) was reported at -$10 billion [1] - Annual capital expenditures are expected to exceed previous estimates by approximately $15 billion [1] Market Sentiment - The five-year credit default swaps (CDS) for Oracle have risen to the highest level since 2009, indicating increased market concerns regarding the company's credit risk [1]

Key Points - SpaceX plans to go public in mid-2026 with a target valuation of $1.5 trillion, aiming to raise over $30 billion, which would be the largest IPO in history. The funds will be used for developing space data centers and purchasing necessary chips, driven by the growth of Starlink satellite internet services and advancements in Starship rocket development [2] - Oracle's Q2 adjusted revenue was $16.06 billion, slightly below analyst expectations of $16.21 billion, with cloud revenue at $8 billion, also missing the forecast of $8.04 billion [2] - Amazon intends to invest over $35 billion in India by 2030 for business expansion, AI-driven digitalization, export growth, and job creation, aiming for a cumulative e-commerce export of $80 billion from India [2] - Meta is shifting focus to closed-source models, with a new model named Avocado expected to launch in spring 2026, as Zuckerberg becomes more involved in daily R&D to drive the company's strategy towards directly monetizable AI models [2] - CATL plans to issue bonds not exceeding 10 billion RMB, with proceeds aimed at supplementing working capital, repaying debts, and supporting capacity expansion and technology R&D to meet the growing demand in the new energy battery market [2] Greater China Company News - Lens Technology intends to acquire 100% of Peimei Gao International to enhance its core competitiveness in AI computing hardware solutions, expanding its business in smart terminals and new energy [4] - Wuliangye will implement a 10 billion RMB interim dividend next week, reflecting the strong profitability and return capabilities of leading companies in the liquor industry [4] - Century Huatong announced that its subsidiary holds a 7.3121% stake in Guosheng Capital, which owns 19.58869 million shares of Moer Thread, potentially impacting the company's net profit by 640 million RMB in Q4 2025 [4] - JD Industrial's Hong Kong public offering was oversubscribed by 60.5 times, with a final issue price set at HKD 14.10 per share, raising approximately HKD 2.827 billion [4] Americas Company News - Microsoft announced a $17.5 billion investment in India over the next four years for AI and cloud infrastructure, and established an AI safety foundation with partners like Anthropic and OpenAI [7] - NVIDIA received U.S. government approval to sell H200 AI chips to China, subject to security reviews and a 25% sales share [7] - Amazon reached an agreement with Italian tax authorities to pay €723 million in taxes, criticizing the unpredictable regulatory environment in Italy [7] - Brookfield and a Qatari AI company formed a $20 billion AI joint venture to develop AI infrastructure in Qatar and selected international markets [8] Asia-Pacific Company News - Samsung SDI signed a $1.36 billion order for energy storage systems, planning to manufacture lithium iron phosphate batteries in the U.S. to expand its North American market [10] - SK Hynix plans to list on the U.S. stock market to narrow the gap with Micron and enhance its valuation, driven by surging demand for AI storage chips [10] Europe and Oceania Company News - BMW Group's supervisory board appointed Milan Nedeljkovic as the new chairman, effective May 2026, to lead the production of new generation models [13] - Stellantis Group partnered with Bolt to accelerate the deployment of autonomous driving services in Europe, with plans to start testing vehicles in 2026 [13] - Lingbao Gold intends to acquire a 50%+1 share stake in an Australian gold mining company for AUD 370 million, focusing on gold mining and exploration [13]