8 270 . i. I'r 000 real Pro- . 16 ******* 11 11 1 amages 2003 1 2017 陳刺點 O 8422. · West River 1 下 14 . - T 未足叫休強 日本條滑! 1 145度 p (0) st 00 0 97 " W. In 15 彩 # 游 y In 游 ne in the 9 0 4 0 F A e 雪道飞驰的畅快、冰面漫步的悠然、装备生产的忙碌……冰天雪地也是金山银山。近年来，各地发力冰 雪经济，体育、文化、旅游、装备制造等产业与冰雪深度融合，不断催生新产品、新场景、新业态，冰 雪经济更加火热。 ...

本报记者 许林艳 12月12日，北京迎来了今冬初雪。受此轮冷空气影响，北方多地将陆续开启降雪模式，冰雪旅游热度同步升温，严寒冬日 的消费市场"热气腾腾"。 "冬季去滑雪"已成为众多家庭休闲度假的选择之一，滑冰滑雪等冰雪运动项目正从小众消费逐步迈向大众化。当前，国内 主要冰雪游目的地的门票、民宿等预订数据持续走高，勾勒出冰雪消费的旺盛需求。 去哪儿网2026元旦出行报告显示，吉林延边长白山景区的林海雪原与滑雪体验吸引大批游客北上，门票量跻身热门景区 TOP10；黑龙江牡丹江中国雪乡、哈尔滨亚布力滑雪度假区的票量分别同比增长2.7倍和2倍。 民宿市场同样热度爆棚。据途家平台数据，新疆阿勒泰的小木屋、河北崇礼直达雪场的民宿、吉林长白山脚下的玻璃房、 山东威海"一半蓝海一半雪"的观景民宿搜索量持续领先，特色化、场景化成为民宿消费新亮点。 陕西巨丰投资资讯有限责任公司投资顾问总监郭一鸣表示，冰雪装备制造是未来产业发展的重要增长极。随着消费者对高 品质、专业化冰雪装备的需求持续释放，国内企业通过技术创新突破核心零部件瓶颈、提升产品性价比，有望在滑雪板、滑雪 服、造雪设备等领域实现突破，为冰雪产业注入更多"中国制造"的力量 ...

Group 1: Economic Impact of Snow Holidays - The first snow holiday in Urumqi has transformed ice and snow "cold resources" into economic "hot assets," boosting tourism, accommodation, and dining sectors [1] - Urumqi will continue to promote its ice and snow economy with over 160 themed activities planned for the winter season, including skiing events and cultural experiences [1] Group 2: Educational and Cultural Integration - The snow holiday in Altay, covering 73,000 students, has integrated ice sports and cultural education, enhancing winter tourism and promoting the synergy between ice economy and quality education [2] Group 3: Growth of Ice and Snow Equipment Manufacturing - China's ice and snow economy is experiencing unprecedented growth, with the number of related enterprises increasing from approximately 300 in 2015 to around 900 in 2023, and sales revenue rising from under 5 billion to about 22 billion [3] - The ice and snow industry in China is projected to exceed 1 trillion yuan this year, driven by the popularity of ice sports and technological innovations [3]

Market Performance - The Hong Kong stock market opened higher and experienced a rebound, with the Hang Seng Index rising by 1.36% to 25,878.49 points, the Hang Seng Tech Index increasing by 1.45% to 5,614.94 points, the National Enterprises Index up by 1.17% to 9,038.54 points, and the Red Chip Index gaining 0.72% to 4,132.23 points [1] Sector Performance - Major technology stocks generally rose, with Alibaba up by 1.2%, Tencent Holdings increasing by 1%, JD.com rising by 0.7%, Xiaomi up by 2.7%, NetEase increasing by 2.19%, Meituan rising by 1.97%, Kuaishou up by 1.35%, and Bilibili increasing by 0.93% [1] - Power equipment stocks surged, with Dongfang Electric and Shanghai Electric both rising over 7%, and Northeast Electric increasing by over 5% [1] - Gold stocks saw significant gains, with Zijin Mining rising by over 3% [1] - New consumption concept stocks generally rose, with Cha Bai Dao increasing by over 4% and Guoquan rising by over 3% [1] - Consumer electronics stocks, which were strong yesterday, declined, with most semiconductor stocks experiencing a drop [1] Company News - Hong Kong Technology Exploration (01137.HK) reported a total merchandise transaction value of HKD 636 million in November, a year-on-year decrease of 7.4% [2] - BOE Technology Group (00710.HK) signed a total product processing agreement with BOE in Vietnam [3] - China Galaxy (06881.HK) completed the issuance of a short-term corporate bond worth 4 billion yuan [5] - Cloudy Technology (02670.HK) plans to establish a joint venture focusing on innovative robotic solutions [6] - Nocera Biopharma (09969) received approval for the use of Entrectinib in treating adult and adolescent solid tumors with NTRK fusion genes in China [7] - Peijia Medical-B (09996) received approval from the National Medical Products Administration for the registration application of the TaurusTrio transcatheter aortic valve system [8] - China Antibody-B (03681) had its new drug research application accepted by the National Medical Products Administration [9] - Hengyi Holdings (01894.HK) plans to conduct capital restructuring and fundraising activities [10] Institutional Insights - GF Securities noted that the Hong Kong stock market is more sensitive to external risks, with potential rebound points to watch in mid to late December and early January [11] - Dongwu Securities believes the market is still in a left-side phase and that a rebound requires further waiting [11] - Everbright Securities indicated that while there is significant room for the index to rise compared to previous bull markets, the duration of the bull market may be more important than the magnitude of the increase [11] - Guoxin Securities stated that the recent adjustments in the Hong Kong market could open up space for a market rise in 2026, with over 110 billion yuan of net inflow from southbound funds in November [11] Industry Trends - Ping An Securities highlighted the growing importance of the ice and snow economy, which includes ice and snow sports, tourism, equipment, and culture, as a new economic growth point [12] - The ice and snow industry is experiencing rapid growth, with recommendations to focus on brands with marginal improvements and stable dividend-paying leading companies, specifically mentioning Anta Sports, Bosideng, and Sanfu Outdoor [12]

1. Report Industry Investment Rating - No information provided in the content 2. Core Viewpoints of the Report - The global financial and commodity markets show a mixed performance. Stock markets in the US and Europe have different trends, with the US having a mixed close and Europe rising. Commodity markets also vary, including precious metals, energy, and base metals. In addition, the economic policies and data of different countries and regions have an impact on the market, such as China's economic policies and data, the US trade balance, and the EU's potential policy changes [5][9][34] 3. Summary by Relevant Catalogs Overnight Night - Market Trends - US stock markets closed mixed, with the Dow up 1.34% at 48704.01, the S&P 500 up 0.21% at 6901, and the Nasdaq down 0.25% at 23593.86. VISA and Nike led the gains in the Dow. European stock markets rose across the board, with the German DAX up 0.68%, the French CAC40 up 0.79%, and the UK FTSE 100 up 0.49%. International precious metal futures generally rose, while oil futures fell. London base metals mostly rose [5] Important News Macroeconomic News - The World Bank raised its 2025 China economic growth forecast by 0.4 percentage points. China's exports are more diversified, and the government's policies support domestic consumption and investment. China's economic operation is stable and improving, and Shanghai Port's shipping and container throughput hit new highs. The Central Economic Work Conference proposed continued implementation of proactive fiscal policies and measures to stabilize the real estate market [9][10] Energy and Chemical Futures - In Malaysia, natural rubber production, exports, and imports increased in October, while consumption and inventory decreased, and the average price dropped slightly. Citi expects oil prices to fall further in the early 2026, with a neutral outlook. Domestic soda ash inventory decreased slightly, production increased, and paper pulp inventory continued to decline. Singapore's fuel oil and light distillate inventories rose, while medium distillate inventory fell. The IEA adjusted its 2026 oil demand and supply forecasts, and OPEC+ increased production slightly in November [12][13][14] Metal Futures - In November 2025, most of the lithium - battery industry chain showed growth, but some products declined. A large refinery in North China reduced production due to raw material shortages. US initial jobless claims increased significantly [17] Black - Series Futures - HeSteel's 75B ferrosilicon tender price decreased slightly in December, and the quantity increased. The output and apparent demand of rebar decreased, as did the factory and social inventories. A coal mine in Henan was ordered to suspend production for rectification. The heavy - pollution weather warning in Xingtai was lifted. Mongolia plans to increase coal exports in 2026 and 2027. The average profit per ton of coke in independent coking plants was 44 yuan/ton [19][20][21] Agricultural Product Futures - The central reserve of frozen pork will conduct a series of rotation out - and - in transactions. The number of ships waiting to load sugar in Brazilian ports and the quantity of sugar decreased. Malaysia's palm oil production increased in early December. US soybean export sales increased, and Brazil's soybean production and planting area are expected to increase in 2025/26 [23][25][26] Financial Market Finance - A - shares declined, while the North - bound 50 index rose. Hong Kong stocks opened high and closed low. ZTE's A - and H - shares tumbled. There are rumors about the removal of quantitative trading equipment, but no official notice. "Mingming很忙" is preparing for a Hong Kong IPO [28][30] Industry - The Ministry of Commerce will introduce measures to promote the innovation and development of the retail industry. China's auto and new - energy vehicle production and sales increased in November. The real - estate market is expected to see more policies in 2026, with a narrowing decline in sales area. Liaoning plans to develop the ice - and - snow tourism industry. The "pre - pricing trading" of gold in Shenzhen continues. The storage - chip industry faces a supply - demand imbalance [31][32][33] Overseas - The US trade deficit narrowed significantly in September. US initial jobless claims surged, while continuing claims dropped. The US Treasury Secretary proposed a change in regulatory direction. Ukraine's president may support holding elections during the war. The EU may postpone the ban on fuel - powered cars. The Swiss central bank maintained interest rates and lowered inflation expectations [34][36][38] International Stock Markets - US stocks closed mixed, with the Dow hitting a new high. European stocks rose, driven by factors such as the Fed's interest - rate cut. There are rumors that SpaceX may go public in 2026 [39][40] Commodities - International precious metal futures rose, affected by the Fed's interest - rate cut and geopolitical factors. Oil prices fell due to supply - surplus expectations. London base metals mostly rose. The IEA adjusted its oil supply - surplus forecast, while OPEC expects a balanced market in 2026 [41][42] Bonds - China's bond market continued to perform well, with most interest - rate bond yields falling. The central bank conducted reverse - repurchase operations, and the money market was loose. The Japanese central bank has no intention to intervene in the bond - market for now. US bond yields showed different trends [43][45] Foreign Exchange - The on - shore and offshore RMB against the US dollar rose, and the central bank emphasized maintaining RMB exchange - rate stability. The US dollar index fell, and most non - US currencies rose [46] Upcoming Economic Data and Events - Upcoming economic data include Japan's industrial output and inventory, Germany and other European countries' CPI, and the US oil - drilling count. Upcoming events include the expiration of China's central - bank reverse - repurchase, speeches by Fed officials, and index sample adjustments and new - stock subscriptions [48][50]

【环球网财经综合报道】日前，辽宁省拟出台冰雪旅游高质量发展三年行动计划，力争到2027年，全省冰雪旅游年接 待人次突破2.6亿，年综合收入达到2500亿元以上。 《联合早报》近日发文称，随着气温持续下降，中国北方地区正将丰富的"冷资源"转化为热门旅游项目。 例如为满足激增的冬季旅游需求，铁路增加了哈尔滨和漠河之间的列车班次，民航也增加了漠河与黑龙江其他旅游城 市之间的航班，使旅行更加便捷。 还有丝绸之路山地度假区、白云滑雪场等六大滑雪场面向全疆中小学生免票，并配套多项优惠，包括在度假区租雪具 即赠头盔，聘请教练可享八折，每天还设有两场免费公益教学，其余五家雪场雪具租赁一律五折。 另据2025国际冬季运动博览会主论坛发布的《中国冰雪产业发展研究报告(2025)》显示，今年我国冰雪产业规模将达 到10053亿元。 ...

今日关注 申购提示：今日两只新股申购。 5．中国汽车工业协会12月11日发布的最新数据显示，11月份，我国汽车产销延续良好表现，生产供给 依然保持较快节奏，产销量环比、同比均实现增长。最新数据显示，11月份，我国汽车月度产量首次超 过350万辆，创历史新高。不仅如此，今年前11个月，汽车产销量均超过3100万辆，同比增长均超过 10%。中国汽车工业协会的最新数据同时显示，今年1至11月，我国新能源汽车产销量均接近1500万 辆，同比增长均超过30%。在出口方面，新能源汽车出口231.5万辆，同比增长1倍。 6．《辽宁省冰雪旅游高质量发展三年行动计划（2025—2027年）》公开征求意见。其中提到，充分挖 掘辽宁冰雪文化内涵，健全完善专业型、爱好型、大众型三级产品体系，持续创新"冰雪+""+冰雪"多元 业态与消费场景，构建层次清晰、特色鲜明的辽宁冰雪旅游发展新格局，塑造具有辽宁辨识度的大众冰 雪旅游品牌。培育省级以上滑雪旅游度假地10个，打造冰雪旅游精品线路10条以上，冰雪旅游综合消费 带动效应显著增强，辽宁冰雪品牌影响力全面提升。力争到2027年，全省冰雪旅游年接待人次突破2.6 亿，年综合收入达到2500亿 ...

Group 1 - Huawei, Alipay, and China Mobile Internet signed a cooperation agreement to launch an intelligent communication era with "call as a service" [1] - The collaboration aims to innovate the AI + 5G new call DC ecosystem, transitioning traditional calls to intelligent and service-oriented solutions [1] - China Mobile Internet will leverage its extensive 5G network and user base for reliable communication support, while Alipay will integrate its digital ecosystem capabilities [1] Group 2 - Elon Musk confirmed that SpaceX plans to go public next year, aiming to raise over $30 billion with an estimated valuation of $1.5 trillion [2] - The IPO could potentially break the record for the largest fundraising in history, surpassing Saudi Aramco's $29 billion in 2019 [2] - SpaceX intends to use part of the IPO proceeds to develop a space data center [2] Group 3 - The Zhejiang Province is launching a major technology initiative for brain-computer interfaces, aiming to create a competitive industry cluster [3] - An international standard for brain-computer interface technology is being established to promote healthy and orderly development in the field [3] Group 4 - The China Internet Finance Association held a meeting to discuss self-regulation in supply chain finance, focusing on improving market monitoring and management [4] - The association aims to guide the industry towards reasonable control of financing costs and orderly exit of weaker platforms [4] Group 5 - The Ministry of Commerce plans to introduce policies to accelerate innovation and transformation in the retail sector during the 14th Five-Year Plan [5] - The focus will be on enhancing product and service quality and promoting fair competition between online and offline channels [5] Group 6 - The Xi'an Chida Aircraft's "Jiutian" drone successfully completed its maiden flight, showcasing versatility for both military and civilian applications [6] - The drone can be used for logistics, emergency rescue, and various surveying services, covering multiple sectors of the national economy [6] Group 7 - The National Development and Reform Commission and the National Energy Administration issued guidelines for centralized pricing of renewable energy generation [7] - The new rules restrict centralized pricing to renewable energy companies within the same group and province, preventing cross-group and cross-province pricing [7] Group 8 - Goldman Sachs predicts that gold prices could rise to $4,900 per ounce by the end of 2026, driven by increased investment in gold ETFs [8] - The current allocation of gold in U.S. financial portfolios is low, suggesting significant potential for price increases with higher ETF investments [8] Group 9 - Liaoning Province is soliciting opinions on a three-year action plan for high-quality development of ice and snow tourism [9] - The plan aims to enhance the province's ice and snow tourism brand and develop multiple tourism routes and resorts [9] Group 10 - In November, China's automobile exports reached 728,000 units, marking a 9.3% month-on-month increase and a 48.5% year-on-year increase [10] - The total exports for the first eleven months of 2025 reached 6.343 million units, with expectations to reach 7 million units for the entire year [10]

入冬以来，中国冰雪经济持续升温。在地处"冰雪黄金纬度带"的辽宁，借成功申办第十五届全国冬季运 动会之势，将冰雪经济、民俗文化、体育活动深度融合丰富游客体验，让冰雪"冷资源"转化为经济"热 产业"。 本次活动由辽宁省文化和旅游厅指导，中共抚顺市委、抚顺市人民政府主办。活动现场，赫图阿拉城景 区打造的沉浸式冰雪民俗体验场景，勾勒出一幅独具关东风韵的冬日文旅画卷。雪地足球、冰车、单腿 驴等冬季项目展开竞技；民俗"八大碗"等美食还原了东北冬日的市井烟火气；满族剪纸、传统刺绣等非 遗体验活动同步开展，千年民俗文化"活"起来。 中新网抚顺12月11日电(记者韩宏)"花式过冬嗨游辽宁"2025冬游辽宁消费季主场活动暨抚顺市"高铁入画 热雪迎宾"系列冰雪活动启动仪式11日在抚顺市新宾满族自治县盛大启幕，开启文旅消费新热潮。 主办方称，"十五冬"既是辽宁冰雪经济乘势腾飞的有利契机，也推动了文旅体商深度融合。针对2025冬 游辽宁消费季，辽宁策划推出五条辽宁省特色冰雪温泉线路；"雪地贪吃蛇""冰凌穿越"等十大花式玩 法；"冰上农庄"等多个创新场景让"冷资源"与"热文化"破圈融合；"雪域泉境""入乡拾趣"等五条精品线 路串联起辽宁 ...

Group 1 - The first snow holiday in Urumqi has activated the ice and snow economy, leading to increased activity in ice and snow tourism, accommodation, and dining sectors, with skiing becoming the main consumption area during this period [2] - The snow holiday in Altay, covering 73,000 primary and secondary school students, has integrated ice and snow sports with cultural and educational activities, boosting winter tourism and promoting the deep integration of ice and snow economy with quality education [5] - Urumqi's ice and snow economy will continue to thrive with over 160 ice and snow themed activities planned for the season, including skiing events and cultural experiences, supported by policies to enhance winter tourism consumption [6] Group 2 - The ice and snow equipment manufacturing industry in China is experiencing significant growth, with the number of related enterprises increasing from approximately 300 in 2015 to around 900 in 2023, and sales revenue rising from less than 5 billion yuan to about 22 billion yuan during the same period [10] - The scale of China's ice and snow industry is expected to exceed 1 trillion yuan this year, driven by the popularization of ice and snow sports and advancements in technology, positioning ice and snow equipment manufacturing as a new driving force for sustained growth in the ice and snow economy [10]