每经AI快讯，1月2日，港股百度集团-SW涨幅扩大至5.1%，报138.2港元，成交额4.61亿港元，总市值 3800.73亿港元。 ...

Manufacturing PMI Insights - In December, the Manufacturing PMI rose to 50.1%, an increase of 0.9 percentage points, marking the first return above the growth threshold since April[2][4] - The increase in the Manufacturing PMI ended a continuous contraction of 8 months, with the current level being 1.4 percentage points higher than the average of the past three years[7] - New orders index increased by 1.6 percentage points to 50.8, while the production index rose by 1.7 percentage points, indicating a slight widening of the production-demand gap to 0.9 percentage points[8] Non-Manufacturing PMI Insights - The Non-Manufacturing PMI increased by 0.7 percentage points to 50.2, significantly outperforming the average of 48.1 for the same period in previous years[10] - The construction sector saw a substantial rise, with the PMI increasing by 3.2 percentage points to 52.8, while the service sector PMI rose slightly to 49.7[10][11] - In December, 10 out of 20 non-manufacturing sectors were in a growth phase, an increase from the previous month, with notable performance in postal and telecommunications sectors[6][11] Economic Outlook - The economic data for December suggests a potential recovery compared to November, with Q4 growth expected to be no less than 4.5%[3] - The implementation of 500 billion yuan in policy financial tools and local debt arrangements is believed to have contributed to the recovery in production and construction activities[3] - The manufacturing output price index has risen for two consecutive months, reflecting the effectiveness of policies aimed at reducing competition pressures within industries[3][5]

Core Viewpoint - The article emphasizes the importance of selecting the appropriate complaint platform for consumers facing issues with merchants, highlighting various channels and their specific use cases for effective rights protection [1][4]. Group 1: Official Regulatory Channels - The 12315 platform and industry regulatory departments serve as authoritative channels for complaints, suitable for cases involving clear violations such as counterfeit goods, false advertising, and price fraud [1][5]. - Specific complaint hotlines are provided for various sectors, including telecommunications (12300), transportation (12328), postal services (12305), and financial services (12378, 12363) [1][5]. Group 2: Public Welfare Online Complaint Platforms - Public welfare complaint platforms like Black Cat Complaint offer a convenient and transparent mechanism for consumers, allowing for quick evidence submission and public pressure on merchants [2][6]. - Features of Black Cat Complaint include low operational thresholds, high processing efficiency, and a transparent supervision mechanism that encourages corporate accountability [6][7]. - The platform supports multiple access points, including websites, mobile apps, and social media, making it user-friendly [6][7]. Group 3: Practical Suggestions for Complaint Handling - Consumers are advised to save comprehensive evidence such as order screenshots, payment records, and communication logs when filing complaints [8]. - Clear articulation of the issue and desired resolution (refund, compensation, etc.) is crucial for effective complaint handling [8]. - Utilizing a combination of channels, including both official and online platforms, is recommended for complex disputes [8].

Investment Rating - The industry is rated as "stronger than the market," indicating an expected increase of over 10% relative to the CSI 300 index in the next six months [17]. Core Views - The A-share market experienced slight fluctuations with a small upward trend, with notable performance in the aerospace, software development, non-ferrous metals, and internet services sectors, while sectors like pharmaceutical commerce, precious metals, shipbuilding, and batteries underperformed [2][3]. - The average price-to-earnings ratios for the Shanghai Composite Index and the ChiNext Index are 16.28 times and 50.28 times, respectively, which are above the median levels of the past three years, suggesting a favorable environment for medium to long-term investments [3][16]. - The recent Central Economic Work Conference emphasized a shift in macro policy focus from total expansion to a balance of quality and sustainability, highlighting future industries such as artificial intelligence, commercial aerospace, quantum technology, and 6G as key investment directions [3][16]. - The market anticipates a continuation of a "moderately loose" domestic monetary policy, with expectations of the Federal Reserve maintaining a rate-cutting cycle in 2026, contributing to a more favorable global liquidity environment [3][16]. - The strengthening of the RMB is expected to enhance the attractiveness of RMB-denominated assets, facilitating capital inflows [3][16]. Summary by Sections A-share Market Overview - On December 31, the A-share market showed a slight upward trend, with the Shanghai Composite Index closing at 3968.84 points, up 0.09%, while the Shenzhen Component Index fell by 0.58% [7][8]. - The total trading volume for the day was 20,659 billion, which is above the median of the past three years [3][7]. Future Market Outlook and Investment Recommendations - The report suggests that investors should closely monitor macroeconomic data, changes in overseas liquidity, and policy developments, with a short-term focus on investment opportunities in aerospace, software development, non-ferrous metals, and internet services sectors [3][16].

新华财经北京12月31日电（胡晨曦） 2025年最后一个交易日，A股三大指数涨跌不一，沪指全天震荡微 涨0.09%，录得11连阳；创业板指则震荡下挫。截至今日收盘，沪指报3968.84点，涨幅0.09%，成交额 约8295亿元；深成指报13525.02点，跌幅0.58%，成交额约12157亿元；创业板指报3203.17点，跌幅 1.23%，成交额约5491亿元。 从今日的盘面上看，航天航空、航空机场、教育、互联网服务、计算机设备、文化传媒板块涨幅居前， 医药商业、船舶制造、电池、石油行业、半导体板块跌幅居前。 纵观2025全年，沪指于10月28日一举突破4000点大关，创下近十年新高，全年收涨18.41%；深证成指 全年收涨29.87%；创业板指全年大涨49.57%；科创50指数全年涨35.92%，北证50指数全年涨38.8%。A 股总市值跃升至近109万亿元，年内新增近23万亿元，一举刷新历史纪录。个股同样表现亮眼，胜宏科 技、新易盛、中际旭创等多只科技龙头全年涨幅超过3倍。板块方面，CPO、存储芯片、商业航天、有 色金属等方向领涨。 机构观点 巨丰投顾：周三市场震荡运行，卫星互联网板块涨幅居前。从目前趋势 ...

曹旭辰累计任职时间224天，现任基金资产总规模351.82亿元，任职期间最佳基金回报113.41%， 任职 期间最差基金回报-9.72%。 数据显示，华宝基金旗下1只基金位居铜牛信息十大流通股东。华宝创业板人工智能ETF（159363）三 季度新进十大流通股东，持有股数23.77万股，占流通股的比例为0.17%。根据测算，今日浮盈赚取约 12.84万元。 华宝创业板人工智能ETF（159363）成立日期2024年12月6日，最新规模43.52亿。今年以来收益 107.24%，同类排名21/4189；近一年收益97.59%，同类排名25/4188；成立以来收益98.58%。 华宝创业板人工智能ETF（159363）基金经理为陈建华、曹旭辰。 截至发稿，陈建华累计任职时间13年13天，现任基金资产总规模277.02亿元，任职期间最佳基金回报 175.75%， 任职期间最差基金回报-49.65%。 12月31日，铜牛信息涨1.24%，截至发稿，报44.11元/股，成交4598.00万元，换手率0.76%，总市值 62.11亿元。 资料显示，北京铜牛信息科技股份有限公司位于北京市东城区天坛东路31号铜牛信息大厦，成立 ...

专家点评：程振伟（杭州电子科技大学党委宣传部副部长） 余杭区开展应急救护培训。 不久前，余杭区仓前街道葛巷社区发生暖心一幕。一个二十来岁的小伙子与电瓶车发生碰撞，外卖 小哥蔡光轼从旁边路过，取出随身携带的急救箱，为伤者紧急清理伤口、包扎止血。 "他包扎伤口的手法挺专业！"伤者回忆道。这看似偶然的街头一幕，背后是余杭区正持续推进的红 十字"急救侠"文明实践模式——动员社会力量参与急救，让公共安全网越织越密。在这里，"愿救、敢 救、能救"正逐渐成为城市文明的基因。 A.典型案例 高频次、广覆盖、全天候流动 骑手变身"移动急救站" 自2019年起，应急救护培训连续六年被余杭区纳入区级民生实事项目。今年该区积极推广持证红十 字救护员纳入"急救侠"人才库。其中，特别将目光投向外卖骑手群体——成立"城市骑手红十字急救侠 志愿服务队"。 如何让忙碌的小哥也有时间学急救？余杭正探索上门服务，把培训地点设在"小哥驿站"等骑手聚集 地，通过重新编排课程，模拟小哥会遇到的高频风险场景，向他们传授心肺复苏、创伤止血、包扎固定 等核心急救技能。 B.区域亮点 数字赋能+制度保障 让善意"敢出手、能出手" 如何让"急救侠"不只是一个响亮 ...

中信证券发布研报称，2025年互联网板块在外部扰动反复的环境下走出震荡上行行情，上行动量主要为 AI驱动的价值重估及流动性改善。展望2026年，AI依然是板块估值上行的核心催化，核心关注：1)模型 迭代、应用落地以及业绩兑现带来的叙事强化；2)模型公司上市后带来的估值对标，有望进一步驱动互 联网公司AI业务价值重估。而对于短期AI相关性较低的公司，业绩能见度和估值性价比将是选股核心 要素，建议关注竞争格局相对稳定、业绩韧性较强的垂类龙头、以供给创新带动的高景气赛道以及低估 值下的绝对收益标的。 中信证券主要观点如下： 2025年回顾：AI及流动性宽松带动下的估值抬升。 基础设施：海外算力供给约束缓解及国产算力能力提升后，CAPEX将继续扩张。根据各公司公告以及 彭博一致预期，2025年阿里巴巴/腾讯的资本支出有望达1300/829亿元，占收比分别为12.7%/11.0%(远低 于微软/亚马逊/谷歌/Meta的32.7%/17.5%/25.3%/35.2%)，主要受制于海外高端算力的可得性以及国产芯 片的产能约束。 展望2026年，该行认为互联网公司CAPEX投入将进一步扩张，主要原因系海外算力供给约束的缓解、 ...

12月30日，由四川省商务厅、成都市商务局指导、锦江区商务局主办，美团承办的"味美四川 川味烟 火"——助力"百品千店"天府烟火小店提升计划启动仪式在成都举行。四川省各市（州）商务部门相关 负责人，美团平台代表和近70个品牌商户代表共同参加启动仪式。据悉，为支持本地餐饮小店提质升 级，美团设立了"市井百味"专项助力金，单店最高5万元，预计覆盖全省超万家小店。 四川餐饮市场业态丰富、活力充沛。数据显示，全省约有超过40万的餐饮商户。今年以来，省商务厅联 合多部门印发工作方案，推动"百品千店"天府烟火小店提升计划，其中明确"到2027年底，培育不少于 100个特色区域品牌、2000家引领性小店"，同时推动小店向"有品牌形象、有管理制度、有卫生环境、 有特色品味、有暖心服务、有安全保障"的"六有"方向提升。 "烟火小店是四川餐饮生态的重要根基，也是消费活力的源泉。"四川省商务厅相关负责人在致辞中表 示，此次政企合作推出烟火小店提升计划，将有效推动中小商户数字化转型，助力四川餐饮业高质量发 展。 平台企业如何助力万千烟火小店既有"烟火气"更有"高品质"？今年以来，美团充分响应政策号召，整合 美团、大众点评双平台资源， ...

证券日报网讯 12月30日，二六三发布公告称，二六三第八届董事会第八次会议审议通过《关于公司及 子公司2026年使用自有闲置资金购买理财产品的议案》等。 （文章来源：证券日报） ...