12月24日，港股小幅高开，恒生指数涨0.02%报25780.09点，恒生科技指数涨0.07%报5492.83点，国企 指数涨0.09%报8922.07点，红筹指数涨0.19%报4075.35点。 盘面上，大型科技股多数走低，阿里巴巴跌0.14%，腾讯控股跌0.66%，京东集团跌0.18%，小米集团跌 0.26%，网易涨1.22%，美团跌0.39%，哔哩哔哩跌0.46%；智能驾驶概念股走强，图达通涨超4%，佑驾 创新涨超1%，禾赛、广汽集团、零跑汽车、文远知行等个股跟涨；黄金股延续涨势，中国白银集团涨 超2%；内房股板块活跃，融创中国涨超1%；银行股部分上涨，重庆农村商业银行涨超1%。另外，海运 股、航空股、重型机械股部分下跌。 企业新闻 太平洋航运(02343.HK)：附属拟1.19亿美元收购四艘新建造小灵便型干散货船。 信义能源(03868.HK)：拟6200万元收购金寨信义风能的全部股权。 天津港发展(03382.HK)：拟2252.43万元出售中铁储运60%股权，标的主要从事各品种煤炭的销售业务。 维立志博-B(09887.HK)：发布公告，评价奥帕替苏米单抗(PD-L1/4-1BB双特异性抗体LBL ...

Group 1 - The core viewpoint emphasizes the steady growth and positive trajectory of Shandong's economy, with key indicators showing resilience and improvement [1][2] - In the first eleven months, the province's industrial added value increased by 7.7%, retail sales of consumer goods grew by 5.2%, and foreign trade rose by 4.6% [1] - Shandong is set to become the third province in China and the first in the north to surpass a GDP of 10 trillion yuan, marking significant economic milestones [1] Group 2 - The "six musts" outlined in the Central Economic Work Conference are crucial for guiding Shandong's economic development, focusing on policy support, innovation, and leveraging local advantages [2][3] - The province aims to enhance its economic structure by addressing long-standing issues while also adapting to new challenges, indicating a dual focus on stability and progress [3][4] - The emphasis on "stability" includes maintaining employment, businesses, markets, and expectations, while "progress" involves implementing key industrial projects and fostering new growth drivers [4][5] Group 3 - The service sector is identified as a key engine for economic growth and job creation, with a reported 5.3% increase in revenue from the service industry in the first ten months of the year [5][6] - Despite the growth in the service sector, challenges remain regarding its overall size and quality, prompting calls for targeted strategies to enhance its development [6] - The focus on specific industries, such as wholesale and retail, finance, and transportation, highlights the need for tailored policies to boost service sector performance [6]

Market Overview - On December 23, 2025, the A-share market saw all three major indices close higher, with the Shanghai Composite Index at 3919.98 points, up 0.07%, the Shenzhen Component Index at 13368.99 points, up 0.27%, and the ChiNext Index at 3205.01 points, up 0.41%. However, the overall market had more decliners than gainers, with over 3800 stocks declining. The total trading volume in the Shanghai and Shenzhen markets was 1.90 trillion yuan, an increase of 37.9 billion yuan from the previous trading day [1] - In the Hong Kong market, all three major indices turned negative, with the Hang Seng Index down 0.11% or 27.63 points, closing at 25774.14 points, and a total trading volume of 157.13 billion HKD. The Hang Seng China Enterprises Index fell 0.29% to 8913.83 points, while the Hang Seng Tech Index decreased by 0.69% to 5488.89 points [1] - In the U.S. market, the three major indices had mixed results, with the Dow Jones Industrial Average up 0.61% to 47716.42 points, the S&P 500 up 0.54% to 6849.09 points, and the Nasdaq Composite up 0.65% to 23365.69 points [1] New Stock Listing - The new stock "Jianxin Superconductor" listed on the Sci-Tech Innovation Board with a stock code of 688805, priced at 18.58 yuan per share and a price-to-earnings ratio of 61.97 times. The company is a leading player in the core components of medical magnetic resonance imaging (MRI) equipment, focusing on the R&D, production, and sales of superconducting magnets, permanent magnets, and gradient coils. It has established a comprehensive product matrix in the superconducting field, becoming the world's top independent supplier of superconducting magnets in the MRI industry [2] Important News - The Guangxi Futures Exchange announced adjustments to the trading fee standards, price fluctuation limits, and margin standards for platinum, palladium, and lithium carbonate futures contracts, effective from December 25, 2025. The trading fee for platinum and palladium futures will be adjusted to 0.025% of the transaction amount, while the fee for lithium carbonate futures will be set at 0.032%. The price fluctuation limit for platinum and palladium futures will be adjusted to 10%, with a margin requirement of 12% [3] - The sixth batch of national high-value medical consumables procurement has officially started, focusing on drug-coated balloons and urological intervention consumables, with bids opening on January 13, 2026. This round of procurement introduces two new features: the concept of anchor pricing and a multi-revival mechanism. The anchor pricing aims to balance price reduction and prevent malicious underpricing, helping to avoid excessive competition and collusion among companies [4]

Group 1 - The core viewpoint of the article emphasizes the proactive fiscal measures taken by local governments to issue bonds exceeding 1 trillion yuan in the first quarter of next year, aimed at stabilizing the economy and addressing liquidity pressures [2][3] - The issuance of bonds is primarily for refinancing purposes, allowing local governments to "borrow new to repay old," which is expected to enhance the overall economic chain by alleviating debts owed to enterprises [2] - The Ministry of Housing and Urban-Rural Development has outlined four key areas for stabilizing the real estate market, including controlling supply and improving market conditions, which reflects a shift in focus from quantity to quality in real estate development [4][5] Group 2 - A survey indicates that 8.4% of companies have implemented a "mandatory off-work" policy, reflecting a growing trend against overwork in the workplace, with 78% of employees considering changing jobs due to excessive competition [6][7] - ByteDance plans to increase its capital expenditure to 160 billion yuan (approximately 23 billion USD) in 2026, focusing on AI infrastructure, which highlights the competitive stance of Chinese tech companies in the AI sector [12][13] - Global technology companies have issued a record high of 428.3 billion USD in bonds this year, driven by significant investments in AI, indicating a trend of leveraging debt to fund technological advancements [14][15]

Group 1 - The incident involving the infant "Xiao Luoxi" has drawn significant public attention, leading to a high-level response from the Zhejiang provincial government, which has dispatched a working group to oversee subsequent handling of the situation [2][3][5] - An investigation team was established in Ningbo on November 17, and preliminary findings were released on December 14, resulting in disciplinary actions against relevant personnel [5] - A judicial process has been initiated regarding the medical malpractice claims, with the Ningbo Municipal Court accepting the case, highlighting the complexity and professionalism required in medical disputes [5] Group 2 - The Chinese government has announced new regulations to enhance food safety in live-streaming e-commerce, emphasizing the responsibilities of various stakeholders in ensuring food safety [8] - The UK government has introduced a ban on boiling live lobsters, aligning with animal welfare initiatives, and will provide guidelines for alternative methods of humane slaughter [9] - The U.S. Department of Homeland Security has implemented a new weighted selection process for H-1B visa applications, prioritizing high-salary applicants to focus on high-skilled labor [20] Group 3 - JD.com reported that its warehouse in France has resumed normal operations following a theft incident involving over 50,000 electronic devices valued at approximately €37 million [10] - The company is expanding its global logistics network, having established over 130 overseas warehouses in 23 countries [10] - The Oriental Yuhong subsidiary has reported a telecom fraud incident involving approximately $1.72 million, with investigations underway [12][13] Group 4 - The UK has raised the inheritance tax exemption threshold to £2.5 million, reflecting changes in fiscal policy [21] - Frontera Therapeutics has submitted a listing application to the Hong Kong Stock Exchange, indicating ongoing interest in capital markets [22] - The AI sector is witnessing significant investments, with companies like ByteDance planning to allocate substantial funds for AI development and semiconductor procurement [9][10]

当地时间12月23日，特朗普表示不同意其观点者无法出任美联储主席，希望新任主席在市场向好时降息。现任主席鲍威尔任期明 年5月结束，特朗普称前美联储理事沃什为头号人选，哈西特也表现出色。哈西特此前称美国三季度GDP超预期增长4.3%，主张 美联储加快降息节奏。美联储年内已三连降累计75基点至3.5%-3.75%，并暗示将放缓步伐。美国财长贝森特称，待通胀回落至 2% 后，可重新审视美联储 2% 的通胀目标，建议将其调整为区间形式，例如 1.5%-2.5% 或 1%-3%。 当地时间12月23日，俄军对乌克兰发动大规模突袭，动用30多枚导弹和超650架无人机，重点打击能源设施等目标，俄国防部 称"所有既定目标被击中"。此次袭击波及乌13个州，引发全境空袭警报，多地实施紧急停电，核电站被迫降负荷，已造成人员伤 亡。北约成员国波兰紧急出动战机，防范空域安全风险。 日本福井县正在报废的"普贤"核反应堆拆解作业时，泄漏20毫升含高浓度氚的放射性水。该反应堆曾多次发生泄漏事故，此次泄 漏未扩散至管理区域外，周边辐射监测正常。作业人员无内部辐射暴露，但外部辐射情况仍在调查，运营方已召开记者会说明详 情。 美股方面，三大指数集 ...

金饰克价又创新高了！首破1400元！还会接着涨？ 近期，国际金价持续上涨带动国内金价创新高。12月23日，有品牌足金饰品报价首次突破每克1400元。 同日，国内外主要黄金期货与现货价格均刷新历史纪录。今年以来，黄金价格已累计上涨超60%。分析 认为，美联储降息预期、供应紧张及投资需求旺盛等因素共同推高了贵金属价格。机构展望报告指出， 黄金市场在2026年可能延续涨势，白银需求也有望继续增长。 英媒有点急：挑战来了，中国又一领域跻身高端市场 英媒报道指出，中国正从高端食品进口国转变为全球重要的生产与出口国，在鱼子酱、鹅肝、夏威夷 果、樱桃等奢侈食材领域实现显著突破。这一转型得益于地方政策扶持、生产成本优势及国内需求增 长。目前中国已占据全球鱼子酱产量与出口量的大半壁江山，并成为全球第二大夏威夷果生产国。产业 繁荣主要受国内消费推动，同时也给国际贸易伙伴带来新的竞争挑战。 金融市场瞬息万变，投资与经济政策深刻影响全球。我们为您带来昨夜今晨的财经新闻，涵盖股市动 态、经济数据、企业财务和政策更新，帮助您全面把握金融世界。 美股收盘：日线四连涨标普收新高 英伟达升3%领涨七巨头 美股周二延续涨势，三大指数实现日线四连 ...

【智通财经12月24日早间新闻精选】 1、习近平近日对中央企业工作作出重要指示。习近平强调，中央 企业要聚焦主责主业，持续优化国有经济布局，切实增强核心功能、提升核心竞争力。要立足实体经 济，强化关键核心技术攻关，推动科技创新和产业创新深度融合。 2、中央企业负责人会议12月22日至 23日在京召开。国务院总理李强出席会议并讲话。李强指出，中央企业要在推进重大基础设施建设中提 供强力保障，加快传统基础设施更新和数智化改造，适度超前开展新型基础设施建设。 3、全国住房城 乡建设工作会议12月22日至23日在北京召开。会议指出，在商品房销售上，推进现房销售制，实现"所 见即所得"，从根本上防范交付风险。 4、商务部新闻发言人就美针对无人机领域增列"不可信供应商清 单"事答记者问。商务部表示，美方以所谓"国家安全"为由，将所有外国生产的无人机系统及其关键零 部件等列入"不可信供应商清单"，中方对此坚决反对。 5、北京发放首批L3级高速公路自动驾驶车辆专 用号牌；可在限定条件下执行动态驾驶任务，实现最高80km/h的自动驾驶功能。 6、据报道，多位知情 人士透露，英伟达已告知中国客户，计划于明年2月中旬，即中国农历春 ...

中金研究 ► 房地产： 2024-2025年，北京、上海等代表性城市均放宽了限购条件，并取消了市郊区的限购套数。在公积金贷款、首付比、房贷利率等政策方面，各 地也做了优化。 从政策脉络来看，近几年清理消费限制的政策不断演进。 2018年《中共中央 国务院关于完善促进消费体制机制进一步激发居民消费潜力的若干意见》着 力从体制机制方面激发消费潜力，其中提出的"推进服务消费持续提质扩容"、"构建公平开放的市场环境"等政策举措[3]。虽然没有直接表述为清理消费限 制，但政策思路中已经体现这个方向。 此后政策更加聚焦于"行政性限制"，2020年12月中央经济工作会议要求"有序取消一些行政性限制消费购买的规定"[4]。这在汽车领域表现最为明显，例如 2021年2月《商务领域促进汽车消费工作指引》提出"将扩大汽车消费和促进产业长远发展相结合，有序取消行政性限制消费购买规定"[5]，多个城市也相 继优化调整汽车限购政策。 2025年以来，"清理消费领域限制性措施"成为重要政策方向。 3月《提振消费专项行动方案》提出"限制措施清理优化行动"，要求"有序减少消费限 制"、"持续优化营商环境"[6]。4月中央政治局会议"尽快清理消 ...

倪虹表示，在工作实践中，要抓好"两个统筹"。一方面，统筹防风险和促转型。坚持市场化、法治化原 则，防范化解房企债务风险，加强销售资金监管，切实维护购房人合法权益。完善商品房开发、融资、 销售等基础制度，编制实施住房发展规划和年度计划，推动建立"人房地钱"要素联动机制。优化保障性 住房供给，对城镇低保住房困难家庭兜底保障，因城施策、因地制宜满足新市民、青年人、城镇工薪群 体等各类困难群众基本住房需求。 另一方面，统筹惠民生和稳增长。稳步推进城镇老旧小区、城中村和危旧房改造，解决群众急难愁盼， 切实消除安全隐患。更好发挥住房公积金作用。围绕好标准、好设计、好材料、好建造、好运维建 设"好房子"，既把新房子建成"好房子"，也把老房子逐步改造成"好房子"，带动产业链升级，以高品质 供给满足人民群众多样化住房需求。 新华社电 住房城乡建设部部长倪虹近日表示，"十四五"期间，保交楼、保交房任务全面完成，加快构 建房地产发展新模式，"好房子"建设形成社会共识。"十五五"时期，要抓好"两个统筹"，推动房地产高 质量发展。 倪虹说，"十五五"时期推动房地产高质量发展，要准确把握房地产市场供求关系的重大变化，看到我国 新型城镇化 ...