Group 1: Real Estate and Urban Development - Shenzhen has issued its first housing voucher worth 40.55 million yuan, allowing displaced residents to choose their preferred location, unit type, and developer, marking a significant innovation in urban relocation compensation methods [1] Group 2: Financial Regulations - The State-owned Assets Supervision and Administration Commission (SASAC) has outlined 98 specific scenarios for accountability regarding violations in the management of central enterprises, emphasizing the importance of safeguarding state assets [2] Group 3: Monetary Policy - The People's Bank of China has resumed 14-day reverse repurchase operations for the first time in nearly three months, indicating a flexible and efficient monetary policy approach to ensure liquidity at year-end [3] Group 4: Industry Growth - The national biomanufacturing industry has reached a total scale of 1.1 trillion yuan, with bioproducts accounting for over 70% of global production [4] Group 5: Banking and Investment Trends - As of the end of November, the total scale of bank wealth management products has reached approximately 34 trillion yuan, marking a historical high and reflecting a trend of capital migration due to declining deposit rates [5] Group 6: International Trade and Cooperation - SF Express Middle East has signed a cooperation agreement with Oman Asyad Group to enhance collaboration in cross-border transportation, supply chain cooperation, and logistics innovation [9] Group 7: Corporate Developments - NIO is introducing a new channel cooperation model where users can open stores without authorization from the company, focusing on community engagement and offline touchpoints [7][8] - Oracle and OpenAI have received approval for power supply to their planned large data center in Michigan, which is expected to involve over 450 billion yuan in investments across the U.S. [15]

Group 1 - TikTok CEO Zhou Shuzi announced the establishment of a new joint venture, TikTok USDS Joint Venture LLC, to handle data protection and algorithm security in the U.S. while ByteDance retains control over e-commerce and advertising [1] - The new joint venture is expected to be finalized by January 22, 2026, and will focus on content review and software security [1] Group 2 - Hainan Free Trade Port officially launched its full island closure operation, leading to significant discounts on iPhone products, with prices reduced by over 2,000 yuan for certain models [3] - The iPhone 17 Pro Max 256GB version is priced at 9,299 yuan, which is 700 yuan cheaper than e-commerce platforms [3] Group 3 - OpenAI is in preliminary talks for a new funding round, aiming for a valuation of approximately $750 billion, with potential funding reaching hundreds of billions [3] - This valuation represents a 50% increase from the previous funding round in October 2022 [3] Group 4 - Elliott Investment Management has accumulated over $1 billion in shares of Lululemon and is advocating for a former Ralph Lauren executive to become the new CEO [12] - Lululemon's current market capitalization is around $25 billion [12] Group 5 - Apple announced adjustments to its iOS rules in Japan, allowing developers to use third-party app stores and payment methods, in compliance with new regulations [12] - This change enables developers to add alternative payment options within their apps [12] Group 6 - Honda confirmed a temporary suspension of production at its joint venture factory in China due to supply chain issues, specifically related to semiconductor shortages [16] - The suspension will last for three days starting December 29, 2023 [16] Group 7 - Xiaomi's founder announced the official release of the Xiaomi 17 Ultra next week, following leaked images of the device [7] - The new model is expected to generate significant consumer interest [7] Group 8 - Amazon is restructuring its AI team, integrating chip and model development under a new business unit led by a veteran from its cloud computing division [18] - This move aims to enhance Amazon's capabilities in artificial intelligence and maintain competitiveness in the market [18]

美国三大股指全线收涨，道指涨0.14%报47951.85点，标普500指数涨0.79%报6774.76点，纳指涨1.38% 报23006.36点。美联储方面，降息和换帅又有新消息。 个股方面，特斯拉涨超3%，亚马逊、脸书涨超2%，谷歌、英伟达涨近2%，微软涨超1%，苹果涨 0.13%。 而据CME"美联储观察"，美联储明年1月维持利率不变的概率为73.4%，降息25个基点的概率为26.6%。 相较于之前有小幅上升。 中概股多数上涨，纳斯达克中国金龙指数涨0.97%，个股方面，BOSS直聘涨超5%，小鹏汽车涨近3%， 禾赛科技涨近3%，万国数据涨超2%，信也科技涨近2%；名创优品跌超2%，贝壳跌逾1%，雾芯科技跌 超1%。 现货黄金则继续微涨。 事关新一任美联储主席，美国总统特朗普再度发声，不过，他并未明确哪位候选人领先。 特朗普表示，他正在为美联储主席一职面试"三到四位"候选人，并预计将"很快"决定提名谁来接替鲍威 尔。 "我认为他们每个人都会是不错的选择。"特朗普说。 特朗普表示，他不确定是否会在今年年底前宣布人选，但称决定将在"未来几周内"做出。这位总统已多 次表示，他希望美联储的下一任领导者能更积极地降 ...

2025.12. 19 本文字数：1273，阅读时长大约2分钟 作者 | 第一财经 胡弋杰 周四，美股主要股指集体收高。美国11月通胀数据明显低于市场预期，强化了投资者对美联储明年 降息的押注，芯片制造商美光科技给出的强劲财测进一步点燃科技板块情绪，推动三大股指自三周低 位反弹。 截至收盘，道琼斯工业平均指数上涨65.88点，涨幅0.14%，报47951.85点；标普500指数上涨 53.33 点 ， 涨 幅 0.79% ， 报 6774.76 点 ； 纳 斯 达 克 综 合 指 数 上 涨 313.04 点 ， 涨 幅 1.38% ， 报 23006.36点。小盘股同步走强，罗素2000指数上涨0.62%。 科技股成为当日市场的主要推动力。美光科技股价大涨10.2%，公司给出的季度利润指引接近分析师 预期的两倍，显示人工智能相关需求依旧强劲，带动费城半导体指数上涨2.6%。 中概股整体表现偏强。小鹏汽车上涨2.82%，富途控股上涨2.19%，腾讯控股ADR上涨1.41%，百 度上涨0.83%，拼多多上涨0.75%，京东上涨0.70%，阿里巴巴小幅上涨0.16%。 经济数据方面，美国11月未季调CPI同比上涨 ...

制图:刘卫华(豆包AI生成) 中央经济工作会议近日在京举行，围绕中国经济展开了"今年怎么看、明年怎么办"的讨论，并最终定 调。值得关注的是，此次会议多次提及外部环境，并提出必须以苦练内功来应对外部挑战，坚持对外开 放，推动多领域合作共赢。 当前外部环境如何?有哪些"老问题"和"新挑战"?未来将如何应对外部环境的变化?带着这些问题，南都 记者采访了商务部中国国际经济合作学会副会长、致公党中央委员戴绪龙。 国际形势严峻复杂，中美经贸摩擦长期存在 南都:中央经济工作会议指出，我国经济发展中老问题、新挑战仍然不少，外部环境变化影响加深。从 外部环境来看，您认为当前我国面临哪些"老问题"和"新挑战"? 戴绪龙:中国面临的国际形势依然严峻复杂。中美经贸摩擦长期存在。今年上半年美国对华商品加征关 税累计高达145%，中国对美加征达125%，虽于5月达成90天互降协定，将美国对华加征关税从145%降 至30%，中国对美降至10%，但根本矛盾并未消除。这反映出中美贸易关系的不稳定性，这也是中国对 外贸易的"老问题"之一。在"新挑战"方面，全球供应链重构压力增大。欧美国家推动"友岸外包"和近岸 生产，再加上俄乌冲突等地缘风险频发 ...

Market - US stock market closed higher on December 19, with the S&P 500 ending a four-day losing streak, driven by strong earnings from Micron Technology and lower-than-expected CPI data for November, which rose 2.7% year-on-year [1] - Micron Technology's stock surged 10.2% after reporting better-than-expected revenue and profit, indicating strong demand for storage chips, with the high bandwidth storage chip market projected to reach $100 billion [2] - The Philadelphia Fed manufacturing index showed poor performance, while initial jobless claims decreased, and real average weekly earnings rose 0.8% year-on-year in November [1] Company - Micron Technology reported strong demand for storage chips, with its first-quarter revenue and profit exceeding expectations, leading to a stock price increase of over 10% [15] - CarMax's second-hand car sales declined, with same-store sales down 9% year-on-year, as the company anticipates further reductions in gross margins to boost sales [12] - GE Vernova's stock rose 4.3% after Jefferies upgraded its rating to "Buy," citing optimism about its power business and electrification prospects [26] - The Federal Trade Commission (FTC) is investigating Instacart's AI-based pricing tool, which has led to a slight decline in its stock price [22] - ChatGPT mobile app user spending surpassed $3 billion since its launch in May 2023, with projections indicating a significant increase in spending in the coming years [23]

在假期季节性扰动下，美国劳工市场整体仍维持在"温和波动"的区间内。初请失业金人数有所下降，扭转了前一周的激增趋势。 截至12月6日当周，续请失业救济人数升至189.7万，好于市场预期的193万，对应的4周均值为190.2万，前值由183.8万人修正为183万人。 这一人数在感恩节当周大幅下滑后出现小幅反弹，但仍明显低于近期高点，意味着招聘疲软正导致部分失业者面临较长时间的失业期，该指标通常被视为衡 量招聘情况的一个代理指标。参保失业率（IUR，季调）维持在1.2%不变。 最新数据显示，美国12月13日当周首次申请失业救济人数降至22.4万人，较前一周23.7万回落1.3万，低于经济学家预期的22.5万人。同步的4周均值小幅走高 至21.75万，显示在假期季节性扰动下，整体仍维持在"温和波动"的区间内。 近几周来，失业金申请人数波动较大，反映出感恩节假期前后数据调整的挑战。 近期宣布裁员的企业包括UPS、通用汽车、亚马逊和Verizon，但这些裁员通常需要数月时间，才会体现在政府统计数据中。 关税影响企业招聘计划 分析称，尽管基于劳工统计局数据计算的失业率出现上升，失业救济申请数据并未显示出任何地区存在明显或急 ...

截至当日港股收盘，汇通达网络上涨2.81%，报10.6港元/股。 汇通达网络近期回购情况 12月18日，汇通达网络回购3.81万股股票，每股回购均价10.48港元，共耗资约39.92万港元，本年累计 回购52.54万股，占总股本0.29%。 回购日期回购均价回购股数回购金额本年累计回购股数2025-12-1810.4773.81万39.92万52.54万2025-12- 1710.4953.23万33.90万48.73万2025-12-1610.6044.26万45.17万45.50万2025-12-1510.6222.98万31.65万 41.24万2025-12-1210.6686.62万70.62万38.26万2025-12-1110.3844.59万47.66万31.64万2025-12- 0810.1902.04万20.79万27.05万2025-12-029.9245.00万49.62万25.01万2025-11-2810.0514.94万49.65万20.01 万2025-11-2710.1704.20万42.72万15.07万2025-11-269.9947300.007.30万10.87万2 ...

阿里系资本一周内已减持了三家上市公司。 12月17日，华谊兄弟公告，公司股东阿里创投及其一致行动人马云当日通过大宗交易方式减持公司 股份29526820股，占华谊兄弟总股本的比例为1.064219%，二者合计持股比例由6.064215%降 至4.999996%，不再是华谊兄弟持股5%以上股东。 2025.12. 18 本文字数：1255，阅读时长大约3分钟 作者 | 第一财经 陈杨园 同日，翱捷科技发布公告称，公司股东阿里巴巴（中国）网络技术有限公司（简称"阿里网络"）已 完成减持计划，通过大宗交易和集中竞价交易方式减持1254.9万股，占公司总股本的3%，减持价 格区间为73.42至99.46元/股，总金额为10.56亿元。减持后，阿里网络持股比例降至12.4333%。 12月16日，红星美凯龙则发布公告称，12 月 12 日至 12 月16日，淘宝控股及新零售基金通过集 中竞价合计减持公司 41,646,600 股H股股份，占公司当前总股本的 0.96%。阿里旗下公司杭州灏 月及其一致行动人持股红星美凯龙比例由 7.33%减少至 6.37%。12月18日，香港联交所最新数据 显示，阿里巴巴继续减持红星美凯 ...

Group 1 - Alibaba has accelerated the divestment of external assets, having reduced its holdings in three listed companies within a week [1][2] - On December 17, Alibaba's shareholders reduced their stake in Huayi Brothers by 29,526,820 shares, decreasing their ownership from 6.06% to 5% [1] - On the same day, Alibaba Network completed a share reduction of 12,549,000 shares in Aojie Technology, representing 3% of the total share capital, with a total transaction value of 1.056 billion yuan [1] Group 2 - Alibaba's subsidiary, Taobao Holdings, reduced its stake in Red Star Macalline by 41,646,600 shares, which is 0.96% of the total share capital, bringing their ownership down from 7.33% to 6.37% [1] - As of December 18, Alibaba's latest holding in Red Star Macalline is 5.71% [1] - Earlier, on December 10, Meinian Health announced plans for a share reduction of up to 3% of its total share capital by Alibaba's subsidiary [2] Group 3 - A significant trend is that Alibaba's external investments are increasingly focused on the AI sector, with investments in AI rising from 4% to 50% of total investments after 2023 [4] - Alibaba has been actively investing in embodied intelligence, with several investments made throughout the year, including in companies like Beijing Xingdong Jiyuan Technology [4] - The CEO of Alibaba has indicated that the future may see more agents and robots than the global population, highlighting the importance of embodied intelligence in Alibaba's future AI applications [5] Group 4 - Alibaba is increasing its investment in its core businesses, including e-commerce and Alibaba Cloud, with a reported net cash flow from operating activities of 10.099 billion yuan, a 68% decrease year-on-year [5] - The company reported a free cash flow outflow of 21.840 billion yuan, contrasting with a net inflow of 13.735 billion yuan in the same period of 2024, indicating significant cash expenditures in the competitive landscape and AI infrastructure [5]