（原标题：471家上市公司迎ESG大考｜ESG热搜榜） 21世纪经济报道记者卢陶然、李德尚玉 北京报道 四大行、茅台等37家上市公司合计超2200亿元分红到账 12月12日，近两周内包括四大行、贵州茅台等在内，共有37家上市公司合计超2200亿元分红到账，春节 前分红大幕开启。据悉，今年以来，沪市已有510家上市公司公布中期（一季报、半年报、三季报）分 红方案，共宣告中期分红计划总额6441亿元，较2024年同期的5828亿元增加11%。统计显示，前述有中 期分红计划的公司尚有62家未确定除权除息日，对应金额约758亿元待发放，基本有望在春节前落地。 欧盟达成历史性协议：设定2040年减排90%的约束性目标 12月10日，欧洲议会与欧盟理事会达成临时协议，为欧盟设定了到2040年温室气体排放较1990年减少 90% 的具有法律约束力的中期目标。根据协议，立法机构同意在如何实现2040年目标方面为成员国引 入更多灵活性措施。自2036年起，成员国可通过购买其他合作国家的国际碳信用额度抵消减排任务，但 最高不能超过1990年排放总量的5个百分点。协议还将覆盖建筑和道路交通的碳排放交易体系的启动时 间从2027年推 ...

条例首次在法规层面确立"台湾地区先进标准在福建采用、福建先进标准在台湾采用、空白领域标准共 通研制采用"的机制，支持厦门与金门、福州与马祖加强标准化交流合作，共同参与两岸标准共通试 点，助力"同城生活圈"建设。 条例鼓励第三方机构为参与两岸标准共通的组织和个人提供政策咨询、技术指导、法律服务等专业支 持。支持平潭综合实验区推动两岸职业标准共通，便利台湾同胞来闽创业就业。 此外《福建省民营经济促进条例》也将自2026年1月1日起施行，其提出，鼓励和支持本省民营经济组织 与台湾地区加强合作，促进闽台经济融合发展。 中金公司认为，两岸融合概念不同于传统主题炒作，其具有扎实的政策基础和产业逻辑，可沿着"基建 先行-产业跟进-金融赋能-消费升级"的路径进行布局。 相关A股板块：福建自贸/海西概念 二、《网络安全法》施行 十四届全国人大常委会第十八次会议表决通过关于修改网络安全法的决定，修订后的法律将自2026年1 月1日起施行。 一、《福建省促进两岸标准共通条例》、《福建省民营经济促进条 例》施行 《福建省促进两岸标准共通条例》是大陆首部以促进两岸标准共通为主题制定的地方性法规，自2026年 1月1日起施行。 相关A股 ...

每经AI快讯，花园生物（SZ 300401，收盘价：14.91元）12月15日晚间发布公告称，公司第七届第十四 次董事会会议于2025年12月15日以通讯表决方式召开。会议审议了《关于修改 <公司章程> 的议案》等 文件。 2024年1至12月份，花园生物的营业收入构成为：维生素占比65.08%，医药制造行业占比34.92%。 截至发稿，花园生物市值为81亿元。 每经头条（nbdtoutiao）——"一针两千，童颜针年销3亿元"背后：多家关联方注册地"查无此人"，股民 追问"钱呢"！钱氏姐弟几乎"掏空"江苏吴中，公司即将退市 （记者 曾健辉） ...

原标题：新起点、新动能、新机遇——国际人士瞩目中央经济工作会议为世界注入确定性 岁暮天寒，暖意东来。 中央经济工作会议日前在北京闭幕，世界再次聚焦中国经济巨轮的前行方向。海外人士认为，此次会议不仅着眼"十五五"开局为中国经济把脉 定向，也为世界经济提供稳定预期、创新动能和机遇清单。在充满不确定的世界，国际社会瞩望中国继续担当全球经济增长的重要引擎，为世 界注入强大确定性。 新起点：为新的征程布局谋篇 从年初深度求索（DeepSeek）横空出世引发全球人工智能热潮，到年末国际机构密集上调中国经济增速预期，中国经济经历了充满挑战又顽 强奋进的2025年。站在新的起点上，中国经济即将开启新篇章。 "2025年是中国'十四五'规划收官之年，2026年是'十五五'规划开局之年，这次中央经济工作会议承担着承前启后、锚定航向的重任。"马来西 亚智库区域策略研究所署理主席陈家兴说。 这次中央经济工作会议总结了2025年经济工作，指出"经济社会发展主要目标将顺利完成""'十四五'即将圆满收官，第二个百年奋斗目标新征程 实现良好开局"。 这次会议指出，中国经济顶压前行、向新向优发展，现代化产业体系建设持续推进，改革开放迈出新步伐 ...

Group 1 - The company and its subsidiary, Jiangsu Wuzhong Pharmaceutical Group Co., Ltd., have applied for an extension of bank loans with Zheshang Bank Co., Ltd. Suzhou Branch, based on overall production and operational considerations [1] - The loan extension period is from February 11, 2026, to February 11, 2027, with the company acting as a guarantor for the loans [1] - The board of directors and the shareholders' meeting have approved the guarantee for the loans, ensuring that the extension will not adversely affect the company's normal production and operations [1][2] Group 2 - The loan extension is aimed at meeting the company's daily operational funding needs and ensuring the company's development aligns with its overall interests [1] - The decision to extend the loans is based on a comprehensive assessment of the company's actual operating conditions and cash flow status [1]

新华社北京12月14日电 题：新起点、新动能、新机遇——国际人士瞩目中央经济工作会议为世界 注入确定性 新华社记者杜静 邓茜 岁暮天寒，暖意东来。 新起点：为新的征程布局谋篇 从年初深度求索（DeepSeek）横空出世引发全球人工智能热潮，到年末国际机构密集上调中国经 济增速预期，中国经济经历了充满挑战又顽强奋进的2025年。站在新的起点上，中国经济即将开启新篇 章。 "2025年是中国'十四五'规划收官之年，2026年是'十五五'规划开局之年，这次中央经济工作会议承 担着承前启后、锚定航向的重任。"马来西亚智库区域策略研究所署理主席陈家兴说。 这次中央经济工作会议总结了2025年经济工作，指出"经济社会发展主要目标将顺利完成""'十四 五'即将圆满收官，第二个百年奋斗目标新征程实现良好开局"。 这次会议指出，中国经济顶压前行、向新向优发展，现代化产业体系建设持续推进，改革开放迈出 新步伐，重点领域风险化解取得积极进展，民生保障更加有力。 国际社会对于中国经济的强大韧性和巨大潜能，有了越来越清晰的认知。 近日，世界银行、国际货币基金组织、经合组织、亚洲开发银行分别将2025年中国经济增速预期上 调0.4、0. ...

Market Overview - As of November 27, 2025, the number of projects in China's inquiry transfer market reached 163, a 140% increase compared to the entire year of 2024[4] - The transfer scale reached 84.445 billion yuan, which is 380% higher than the total for 2024[4] - The average discount rate for inquiry transfers in 2025 is approximately 84.34%, significantly lower than the 87.2% for private placements[15] Supply and Demand Dynamics - The inquiry transfer mechanism was officially implemented on the ChiNext board in May 2024, leading to a surge in transfer announcements, with 69 recorded in 2025, accounting for 42.33% of the total[4][24] - The inquiry transfer market has seen a compound annual growth rate (CAGR) of 100.74% in project numbers from 2020 to 2025, and a CAGR of 84.68% in transfer scale[20] Investment Characteristics - Inquiry transfers have a shorter registration time of about one week compared to 3 weeks to 1 month for regular private placements, reducing capital occupation time by 2-3 weeks[14] - The inquiry transfer mechanism allows for a more flexible exit strategy for early investors, providing a low-disturbance path for orderly exits, which is crucial in a market with scarce quality assets[18][29] Market Performance - In the week of December 6 to December 12, 2025, the A-share market saw a general increase, with the ChiNext index rising by 2.74%[31] - The CPO index experienced the highest weekly increase of 14.26%, with a year-to-date increase of 183.30%[34] Key Recommendations - Focus on sectors such as smart vehicles (e.g., Hu Guang Co., Rui Hu Mould, Xin Quan Co., and Xin Dong Lian Ke) and high-end manufacturing (e.g., Ao Pu Te, Qing Niao Fire Protection, and Lei Te Optoelectronics) for potential investment opportunities[36]

Major Announcements - Shunhao Co., Ltd. faces potential delays and lower-than-expected commercialization benefits for its space data center project due to strong radiation and other factors [1] - Pudong Jinqiao's chairman Wang Ying has left the company due to a job transfer [1] Investment Projects - Jiaze New Energy plans to invest approximately 3.557 billion yuan in a green hydrogen and aviation fuel chemical co-production project in Jixi City, Heilongjiang Province [2] - Zoli Pharmaceutical intends to acquire a multi-trace element injection asset group for a total price of 356 million yuan [2] Regulatory Approvals - Jiankang Medical's U.S. subsidiary received pre-market notifications from the FDA for its four-in-one and three-in-one testing kits for respiratory viruses [3] - Saiyi Information has been approved to lead a national major science and technology project focused on intelligent manufacturing systems and robotics [4] - Jinpan Technology has received approval from the China Securities Regulatory Commission for issuing convertible bonds to unspecified investors [2] Corporate Actions - Hason Co., Ltd. is adjusting its plan to acquire assets, now focusing solely on acquiring a 45% stake in Suzhou Langkes [5] - Yipin Hong's U.S. subsidiary Arthrosi Therapeutics is set to be acquired by Sobi USA for a total of up to 950 million USD [5] - Zhonghuan Environmental plans to raise no more than 300 million yuan through a private placement to supplement working capital and repay loans [6] Clinical Trials and Approvals - Junshi Biosciences has received FDA approval for clinical trials of its JS212 drug for treating advanced solid tumors [7]

Core Insights - The National Medical Insurance Administration (NMIA) will utilize its resources and policies to support the innovation and development of China's pharmaceutical industry by 2026 [1][2][3] - The recent national medical insurance work conference emphasized the dual role of medical insurance as both a social welfare tool and an economic driver, aiming to guide the transformation and upgrading of the pharmaceutical industry [1][2] Summary by Categories National Medical Insurance Strategy - The NMIA plans to consolidate the achievements of universal insurance coverage and improve the basic medical insurance system [1] - There will be a focus on supporting the development of commercial health insurance to create a multi-tiered medical security system [1][4] - The NMIA aims to enhance the management of insurance funds to ensure their safety and sustainability [1] Support for Pharmaceutical Innovation - The NMIA will play a strategic purchasing role to foster innovation in the pharmaceutical industry, encouraging healthy competition and differentiated development [2][5] - A total of 949 new drugs have been added to the medical insurance catalog since the establishment of the NMIA, with the latest version including 114 new drugs, marking a record high for innovative drugs [3] - The NMIA has committed approximately 13 trillion yuan in insurance fund expenditures during the 14th Five-Year Plan period, maintaining an annual growth rate of around 10% to provide stable funding for innovation [3] Commercial Health Insurance Development - The NMIA encourages commercial health insurance to complement basic medical insurance and expand coverage for reasonable medical expenses not included in the basic insurance catalog [4][5] - The introduction of a commercial health insurance innovative drug catalog aims to include more high-value, innovative drugs, benefiting a larger patient population [3][5] Technological Innovation and AI Integration - The NMIA is promoting the integration of artificial intelligence in the healthcare sector, encouraging participation from medical institutions, pharmaceutical companies, and research organizations [5][6] - Efforts are being made to create a comprehensive personal health profile for insured individuals, facilitating the application of AI in healthcare services [6] - The NMIA is actively working on a progressive industrial upgrade and payment system for new technologies and products in the healthcare sector [6]

Core Viewpoint - The National Medical Insurance Administration summarized the achievements of the "14th Five-Year Plan" period and outlined key tasks for 2026, emphasizing the importance of healthcare reform and innovation to support public health and economic development [1][2]. Achievements of the "14th Five-Year Plan" - Standardized and unified the medical insurance system, enhancing the mutual assistance and protection functions of medical insurance [5]. - Strengthened the foundation for universal coverage, improving the quality and scope of insurance for flexible employment workers and migrant workers [6]. - Expanded the scope of benefits, with over 90% reimbursement for rural low-income individuals and the inclusion of assisted reproductive projects in insurance coverage [6]. - Optimized the payment mechanism, with 949 new drugs added to the insurance directory, totaling 3,253 drugs [6][7]. - Deepened drug price governance, promoting a unified national market for pharmaceuticals and medical supplies [7]. - Enhanced fund management, recovering approximately 120 billion yuan in misused funds over five years [8]. - Promoted digital empowerment in medical insurance, achieving over 600 million cross-province direct settlements [8]. - Emphasized the importance of party leadership in ensuring the stability and development of the medical insurance sector [8]. Key Tasks for 2026 - Consolidate the achievements of universal coverage and improve the basic medical insurance system [11]. - Support the development of commercial health insurance to create a multi-tiered medical security system [11]. - Strengthen fund management to ensure the safety and rational use of medical insurance funds [12]. - Adapt to population development strategies, promoting maternity and long-term care insurance [12]. - Optimize payment and settlement mechanisms to support the healthy development of the healthcare sector [13]. - Leverage strategic purchasing to support innovation in the pharmaceutical industry [13]. - Promote scientific approaches to medical insurance, enhancing the digital platform for universal coverage [14]. - Continuously improve service management to enhance the quality and efficiency of medical insurance services [14].