2025年12月6日，以"讲好健康中国故事 推动健康中国传播"为主题的2025健康中国传播大会在北京国家 会议中心成功举行。本次大会由中国医药卫生文化协会、国家卫生健康委员会百姓健康频道、北京陆士 新基金会共同主办，中国医院协会医院健康促进专业委员会协办。大会汇聚卫生健康领域相关领导、学 术专家、医疗机构负责人、健康科普工作者、主流媒体与传播行业代表等数百人，共同探讨健康传播新 理论和新实践、赋能健康传播效能提升新技术、搭建健康传播合力新平台等议题，为健康中国建设注入 专业、系统、可持续的传播新动力。 开幕致辞：凝聚传播共识，擘画传播新蓝图 大会在庄重务实的氛围中拉开帷幕。上午的主会议环节，多位主管部门与主办方领导发表致辞，从战略 规划、行业实践与文化建设等多维视角，为新时代健康传播工作锚定方向、凝聚共识。 中国医药卫生文化协会 会长郑宏 中国医药卫生文化协会会长郑宏在开幕致辞中强调，要深入学习贯彻党的二十届四中全会精神，在推进 健康中国建设进程中，必须坚持党的领导，加强健康文化传播的培育与引领。协会致力于搭建健康传播 平台，深化文化融合，拓展合作网络，构建健康传播事业共同体，为健康中国建设贡献文化力量。 中 ...

中信证券研报指出，在流动性改善、地缘扰动、AI泡沫短期无虞三重因素下，亚洲股市更需聚焦基本 面线索变化带来的结构性配置机会。美联储12月降息预期反转缓解亚洲市场宏观压力，而全球GPR指数 高位运行下俄乌冲突等构成阶段性扰动，AI领域现金流支撑与供应链瓶颈使极端泡沫叙事难现。具体 市场核心观点如下。1）A股：需基本面超预期突破，配置上建议聚焦资源/传统制造业定价权重估与企 业出海主线，关注低拥挤品种与红利标的。2）港股：受益内外部催化有望实现戴维斯双击，建议侧重 科技、医疗、资源品等五大方向。3）韩国股市：依托基本面、政策与流动性推动重估，建议重点关注 半导体/AI等行业。4）印度股市：具备补涨潜力，货币政策宽松背景下建议优先配置利率敏感型企业与 消费板块，逆向看多IT服务。5）日本股市：受益治理红利与外资增配，聚焦行业整合、资产重估等四 大方向。6）东南亚股市：呈现复苏态势，马来西亚建议关注AI与数据中心产业链；印尼建议聚焦消费 与新能源汽车；泰国建议首选消费和旅游板块，整体需密切跟踪宏观变量与政策动向。 ...

Group 1 - The Chinese government is intensifying efforts to combat illegal activities related to tobacco, focusing on the entire supply chain from production to retail to protect national interests and consumer rights [1] - A new regulatory framework for listed companies in China is being introduced, aimed at enhancing supervision and promoting high-quality development in the capital market [1] - The People's Bank of China and the Monetary Authority of Macao have renewed a bilateral currency swap agreement, increasing the swap scale from 30 billion RMB to 50 billion RMB [1] Group 2 - The China Securities Regulatory Commission has released a draft regulation for public consultation, marking the introduction of the first dedicated administrative regulations for listed companies [1] - The National Financial Regulatory Administration has announced a reduction in risk factors for various insurance company operations, including a decrease in risk factors for certain stock holdings [1] - The National Development and Reform Commission has allocated 6 billion RMB for the fourth batch of poverty alleviation projects, aiming to create job opportunities for over 1.1 million low-income individuals [1] Group 3 - The Chinese government is facilitating the export of rare earth materials by simplifying the licensing process, which is expected to accelerate delivery times and support demand recovery in the rare earth permanent magnet industry [2] - The Shanghai Stock Exchange has taken self-regulatory measures against abnormal trading behaviors, including monitoring stocks with significant volatility and reporting suspected illegal activities [1]

从加强案例剖析，到有针对性地开展警示教育，再到查找权力运行漏洞、推进问题整治，益阳市纪委监 委坚持"全周期"理念，持续健全以案促改促治工作机制，把以案促改促治理念融入案件查办全过程，坚 持边查办案件、边深度剖析、边督促整改，推动标本兼治、系统施治。 日前，湖南省益阳市纪委监委第五监督检查室向市发改委制发纪检监察建议书，要求以益阳长春经开区 党工委原副书记、管委会原主任黄维佳案为镜鉴，强化廉政教育，开展清理整治，完善内控制度。 黄维佳案是益阳市纪委监委近年查办的年轻领导干部严重违纪违法案例。为充分发挥查办案件治本功 能，该市纪委监委有针对性地安排领导干部旁听庭审，下发案件剖析报告以及忏悔材料，督促当地各级 纪检监察机关协同各级党委（党组）组织开展警示教育，结合行业特点和实际情况深化廉洁风险排查， 加强对领导干部特别是年轻领导干部用权行为的规范和监督。 以查办该案为契机，益阳市纪委监委推动将党规党纪教育纳入全市党校主体班教学，并通过召开警示教 育大会、开展"青廉课堂"、对年轻干部开展谈心谈话、观看警示教育片、开展"家庭助廉"主题活动、参 观警示教育基地等方式，进一步强化以案为鉴、以案示警。 今年以来，全市共通报案 ...

Core Viewpoint - The market is experiencing a structural bull market, characterized by significant gains in specific sectors while others lag behind, indicating potential investment opportunities in undervalued stocks [10][11][12]. Group 1: Market Performance - The overall market opened lower but closed higher, returning to a rating of 4.2 stars [1]. - All market caps, including large, mid, and small caps, saw increases, with small caps outperforming slightly [2]. - Both value and growth styles experienced upward movement [3]. Group 2: Positive Market Drivers - Positive news circulated during the trading day, contributing to market gains [4]. - Insurance institutions lowered risk factors for indices like the CSI 300 and the Low Volatility Dividend 100, allowing for increased allocation to these stocks [5][6]. - This adjustment led to significant increases in sectors such as securities, insurance, and value stocks [7]. Group 3: Structural Bull Market Characteristics - Structural bull markets often see certain categories of stocks rise significantly while others may not reach high valuations [10][12]. - Historical examples include the small-cap growth bull market in 2015 and the large-cap value bull market from 2016 to 2017 [13][14]. Group 4: Current Market Trends - The main drivers of this year's market increase are small-cap and growth styles, with indices like the CSI 2000 and tech-focused boards showing gains exceeding the market average [15]. - Many stocks in these categories have strong fundamentals, with tech companies in A-shares and Hong Kong showing over 30% year-on-year profit growth [18]. - Some sectors, such as consumer and healthcare, have seen moderate profit growth, while others like consumption have experienced declines [21][25]. Group 5: Future Outlook - Stocks that are currently underperforming may become leaders in future market cycles, emphasizing the need for patience among investors [27][32]. - Even undervalued indices can yield returns over time, as seen with dividend and low-volatility indices that have appreciated by 50-70% since 2018 despite not reaching high valuations [40][41]. Group 6: Valuation Insights - The article provides a valuation table for Hong Kong indices, indicating that the market has already returned to a rating of over 3 stars due to earlier gains compared to A-shares [42]. - The valuation metrics for various indices, including PE ratios and dividend yields, are summarized for investor reference [43].

Group 1 - The core viewpoint of the report by Bank of America Securities is that China's consumer market is often underestimated, challenging the perception that it relies solely on low-quality, low-price exports [1][2] - The report highlights that the average daily protein supply per capita in China is 125.56 grams, surpassing that of the United States at 122.1 grams, indicating a strong dietary foundation [4][6] - China's agricultural supply chain is robust, allowing for year-round availability of fresh vegetables, which is a significant factor in the country's consumption patterns [8][9] Group 2 - The report argues that if government-provided services like healthcare and education are included, China's consumption as a percentage of GDP could rise to 47%, closely aligning with South Korea's 49% [12][13] - The low-cost healthcare services in China, such as diabetes medication dropping from 1.5 yuan to 0.1 yuan per pill, are not reflected in conventional consumption statistics, indicating hidden consumer spending [14][15] - The education system's reforms have significantly reduced out-of-pocket expenses for families, further enhancing purchasing power without directly increasing income [16][17] Group 3 - The report emphasizes that while China's per capita income is lower than that of the U.S., the overall living standards should also consider social security and government support, which are substantial in China [18][19] - Price comparisons reveal that food costs in China are significantly lower than in the U.S., with vegetable prices in Beijing being 2-3 yuan per jin compared to 2-3 dollars in New York [20][21] - The trend of consumption upgrading is evident, with a 45% increase in gym memberships since 2019 and a growing market for cultural and experiential products among younger consumers [22][23] Group 4 - The report concludes that the combination of government support, market vitality, and cultural traditions has created a unique model of high-value and upgraded consumer experiences in China [25][26]

Company Overview - Opcon Vision (SZ 300595) announced on December 5 that it received the "Drug Clinical Trial Approval Notification" from the National Medical Products Administration for its "Pilocarpine Hydrochloride Eye Drops" to conduct clinical trials [1] - As of the report date, Opcon Vision has a market capitalization of 14 billion yuan [1] Revenue Composition - For the year 2024, the revenue composition of Opcon Vision is as follows: - Rigid contact lens industry accounts for 56.18% - Medical industry accounts for 20.04% - Other optometry and professional services account for 19.47% - Non-optometry and others account for 4.31% [1]

作者丨 黎曼 王满华 来源丨 投中网 将投中网设为"星标⭐"，第一时间收获最新推送 电竞赛事热度下降的质疑却愈演愈烈。 当前，中国科技投资正处在"中流击水"的关键阶段。一方面，创新驱动发展战略深入实施，人工智 能、量子科技、生物制造等前沿领域不断突破，为经济发展注入新动能；另一方面，外部环境复杂多 变，技术封锁与竞争加剧，资本市场的波动也对科技企业的融资与成长带来挑战。 与此同时，国家层面持续优化科技金融生态，通过设立科技创新基金、完善多层次资本市场、鼓 励"投早投小投科技"等政策举措，为科技投资提供了坚实的制度保障。各地也在积极探索科技与金 融深度融合的新路径，形成了多层次、广覆盖的科技投资格局。 在此背景下，科技投资者该如何在变局中把握方向，在挑战中孕育机遇，推动中国科技投资迈向更加 广阔的发展空间？ 11月27日，"第19届中国投资年会·有限合伙人峰会"上，在普罗资本合伙人丁珉的主持下，赛科投 资创始管理合伙人包磊、方广资本合伙人惠成峰、复星全球合伙人及复星创富联席董事长兼CEO徐 欣、元禾璞华合伙人殷伯涛、中科创星合伙人袁博、LongRiver江远投资合伙人周晖，以及光合创投 合伙人朱嘉就相关议题进行 ...

庞溟（国家金融与发展实验室特聘高级研究员） 随着中国经济进入新阶段，居民消费率的提高将成为宏观调控、增长内涵和发展质量新的重要的观察指 标和定量目标，并有望作为衡量经济内生动力和社会民生改善的重要参照。 展望后续，预期各项促消费政策将聚焦于五个重点领域，为消费市场的持续扩容提供坚实支撑： 大规模设备更新和消费品以旧换新政策推行一年多来，在稳投资、扩消费、促转型、惠民生等方面取得 明显成效，特别是以旧换新带热了多元消费需求。展望2026年，预期相关政策在结构上将更为突出和提 升服务消费的比重。这意味着政策导向正在从单纯的商品消费扩展到教育、医疗、养老、文旅等服务领 域，更加注重满足居民多样化、品质化的消费需求，推动消费结构进一步优化，带动相关产业链的升级 和扩展，形成新的增长点。 近日，财政部、商务部发布《关于开展消费新业态新模式新场景试点工作的通知》，宣布将支持50个左 右城市开展试点工作，包括4个直辖市、5个计划单列市和部分省会城市，以及若干文旅资源相对丰富的 其他城市。与以往单一的消费促进政策不同，本次试点明确提出新业态、新模式、新场景三维度，强调 财政资金不仅要支持传统消费扩容，更要引导地方在数字化、智 ...

Core Insights - The upcoming 2025 Shenzhen Global Investment Conference highlights the city's vibrant openness and business attractiveness, particularly in the Qianhai area, which has shown significant foreign investment growth [2][12] - Qianhai has become a preferred destination for foreign enterprises entering the Chinese market, with a notable increase in foreign capital and the establishment of numerous foreign-funded companies [2][4] Foreign Investment Trends - From January to October this year, Qianhai attracted 16.1 billion yuan in foreign investment, marking a 27.1% year-on-year increase [2] - Qianhai's foreign investment accounts for 54.2% of Shenzhen's total and 19.0% of Guangdong's total [2] - Over 1,200 foreign-funded enterprises have been established in Qianhai this year, with 183 Fortune 500 companies operating in the area [2][4] Business Environment and Regulations - Qianhai has implemented a regional investor protection regulation, allowing foreign enterprises to specify foreign laws in contracts for dispute resolution [5] - The area has established a market-oriented, law-based, and international business environment, with a focus on legal frameworks that support foreign investment [5] Connectivity and Infrastructure - Qianhai is strategically located in the Guangdong-Hong Kong-Macao Greater Bay Area, featuring one international airport, six port terminals, and five open ports, enhancing its connectivity [7] - The region promotes "soft connectivity" by facilitating the cross-border flow of talent, data, and capital, making it a key hub for international trade and investment [8] Talent Attraction and Quality of Life - Qianhai has launched initiatives to attract international talent, including a "Shenzhen-Hong Kong 72-hour experience voucher" and the release of 30,000 competitive job positions [11][12] - The area offers favorable tax policies and a range of international amenities, making it an attractive place for both business and living [11][12] Future Outlook - Qianhai aims to lead high-quality development and high-level openness, focusing on attracting foreign investment in service trade and technological innovation [9][12] - The region's continuous growth and development are positioned to offer global opportunities, inviting international businesses to explore the Chinese market [12]