"游戏沪十条"即将出台 12月19日，2025游戏产业大会上传来重磅消息：上海即将推出支持游戏电竞产业发展十条举措（简 称"游戏沪十条"），将优质的资源精准投向关键环节，主要内容包括：打造产业高地、搭建出海跳板、 打响上海品牌、加强科技赋能、推动国际合作、完善产业生态、深入实施"游戏+"、完善金融支撑、优 化人才培养、提升电竞产业能级。2025年，上海网络游戏产业预计实现销售收入1707亿元，同比增长约 9.6%。在上海，一条覆盖技术、研发、运营、出海、衍生品开发等各关键环节、梯队完整的产业链已 然成型。 点评：上海市电子竞技运动协会秘书长朱沁沁曾参与政策草案的修订，他对第一财经记者表示，这份政 策是经过长期调研、精准把握行业重点板块和痛点后制定的，"游戏电竞产业链本身较长，仔细拆解这 十条会发现，其中囊括了产业链上下游的主要方向和核心主体，针对性和有效性很强。"这对本地经济 产业而言是清晰的方向性指引，也向外界传递了上海市政府在该产业领域持续深耕的明确态度。 阿里一周减持三家上市公司 阿里一周减持三家上市公司；宇树机器人助阵王力宏演唱会。 州法院申请破产，预计2026年2月前完成该程序。对于收购后的方向，杉 ...

12月18日，罗永浩在朋友圈公开吐槽上海电信网速问题。罗永浩表示，其搬至上海后开通电信独享千兆宽带服务，然而自办理以来的半年 多时间里，宽带实际速率绝大多数时候仅有不到一百兆。 我们将始终践行"用户至上、用心服 务"的理念,不断提升服务质量与产品品 质,为每一位电信用户提供贴心的通信服 务，也感谢广大用户一直以来对我们的支 来源： 中 新经纬微信 关注" 新华网财经 "视频号 罗永浩说："每次找来客服，不管是官方的还是非官方的，都是管用三五天，然后又回到九十多兆。" 12月19日晚，上海电信以"上海电信关心您的上网感知"为题发布公告，表示公司作为申城通信服务核心企业，始终秉持网络强国使命，积 极推进千兆普及、万兆引领，致力于为全市用户提供高速、稳定、智能、安全的网络服务。 上海电信表示，用户在日常宽带使用中可能遇到室内不同房间WIFI速率不达标的困扰，造成这种情况的原因是多种多样的，比如户型结 构、室内面积、墙体屏蔽、信号干扰、设备位置、自购WIFI路由器标准、电脑终端等。遇到这些情况，可以直接拨打10000号，公司将进 行免费、专业的网络检测和维修服务。 用户在日常宽带使用中可能遇到室内 不同房间WIFI速 ...

Group 1 - OpenAI has launched the "App Store" feature for ChatGPT, allowing users to access applications categorized into "Featured," "Lifestyle," and "Productivity" [3][4][5] - The applications available include Adobe Photoshop, Apple Music, Canva, and Figma, enabling users to perform various tasks directly within the chat interface [4][5] - Developers can submit applications for review and publication, with OpenAI providing resources such as best practice guidelines and a dedicated UI library [4][5] Group 2 - The iPhone 17 Pro Max is now available at a tax-free price of 9,299 yuan in Hainan, which is 700 yuan cheaper than e-commerce platforms, with significant discounts due to tax exemptions and consumer coupons [8][10] - The Hainan Free Trade Port has implemented a policy of "one line open, two lines controlled, and free flow within the island," enhancing the convenience of goods and people movement [9][10] - The tax-free shopping list has expanded to include 6,600 items, nearly tripling the previous number, with new categories such as robotic vacuum cleaners and mini drones [10] Group 3 - Micron Technology predicts that the global memory shortage will continue until after 2026, driven by increased demand from AI applications [21][22] - The company reported a record revenue of $13.64 billion for the last fiscal quarter, significantly up from $8.71 billion year-over-year, largely due to AI-driven demand [21][22] - Micron plans to increase DRAM and NAND shipments by approximately 20% next year, but this will still not meet the widespread market demand [21][22] Group 4 - MiniMax and Zhiyu AI have completed the Hong Kong Stock Exchange hearing, with MiniMax planning to go public in January 2026, potentially becoming one of the fastest AI companies to IPO [22][23] - MiniMax's revenue structure heavily relies on consumer products, with projected revenue of approximately $70 million in 2024, largely from its interactive product Talkie [23][24] - Zhiyu AI has completed 16 rounds of financing since its establishment in 2019, with a latest valuation of around 40 billion yuan [24] Group 5 - OpenAI is in preliminary talks for a new funding round that could reach up to $100 billion, aiming for a valuation of approximately $750 billion [25][27] - This potential funding would significantly increase OpenAI's valuation from about $500 billion in October 2023, marking a nearly 50% rise [27] Group 6 - Honda plans to halt or reduce production in its Japanese and Chinese factories due to semiconductor shortages, affecting its output in the coming months [30][28] - The company expects a reduction in operating profit by 150 billion yen (approximately 6.78 billion yuan) due to lower production levels caused by the semiconductor shortage [30] Group 7 - Xiaohongshu has undergone a significant organizational restructuring to focus on "high-quality mid-to-long videos," aiming to enhance user engagement and growth [32] - The platform's daily active users (DAU) target is set to increase from 100 million to 300 million [32][33]

本报（chinatimes.net.cn）记者张智 北京报道 12月18日，海南封关首日，海南购物氛围浓厚地仿佛过上了"双十一"。 在三亚海旅免税城，苹果手机门店人山人海，免税叠加满15000减1000的优惠活动，使得一台最贵的 iphone17proMax手机比官网便宜2140元；在三亚国际免税城，封关首日限时"三件一折"活动让人们在商 场结账处排起了长队。 更加便宜的免税品仅仅是封关带来的基本利好。事实上，从封关这一天开始，一扇面向全球的大门自海 南轰然打开：绝大多数进口商品零关税，对符合条件的货物实施"径予放行"，海南与境外之间的货物、 资金、人员往来，将享有前所未有的自由。 其中，"零关税、低税率、简税制"的税收组合拳是海南自贸港最具吸引力的政策之一，为企业带来实实 在在的利好。 比如，"零关税"方面，封关前，海南自贸港"零关税"清单涵盖1900多个税目商品，封关后，"零关税"商 品税目扩大至约6600个，占全部商品税目的比重由21%提升至74%，从高精尖科研设备、生物医药原料 到日常消费品、生产资料，进入海南均可免缴关税、进口环节增值税和消费税。这一政策将为实体企 业、特别是依赖进口原材料的高端制造 ...

1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints of the Report - The report presents comprehensive market information including macro - data, commodity investment, finance, and the stock market. In 2025, the investment downward pressure has increased, and measures are needed to expand effective investment. The consumer structure is upgrading, and new consumption models are emerging. The bond and stock markets show different trends, and various industries face different opportunities and challenges [2][12][13]. 3. Summary by Directory 3.1 Macro Data - GDP in Q3 2025 grew 4.8% year - on - year, slower than the previous quarter (5.2%) but faster than the same period last year (4.6%). The manufacturing PMI in November 2025 was 49.2%, slightly up from the previous month but lower than the same period last year. The non - manufacturing PMI for business activity in November was 49.5%, down from the previous month and the same period last year. The social financing scale increment in November was 8161.00 billion yuan. The M0, M1, and M2 growth rates in November were 10.6%, 4.9%, and 8.0% respectively. The new RMB loans in November were 3900.00 billion yuan. The CPI in November rose 0.7% year - on - year, and the PPI fell 2.2% year - on - year. The cumulative year - on - year growth rate of fixed - asset investment (excluding rural households) in November was - 2.6%. The cumulative year - on - year growth rate of retail sales of social consumer goods in November was 4.0%. The export value in November increased 5.9% year - on - year, and the import value increased 1.9% year - on - year [1]. 3.2 Commodity Investment 3.2.1 Comprehensive - On December 18, 2025, the full - island customs closure operation of Hainan Free Trade Port was officially launched, with the "zero - tariff" commodity scope expanding to over 6600 tariff items. China re - implemented export license management for steel after 16 years, and approved some rare - earth export general license applications. The National Development and Reform Commission will take measures to expand effective investment. On Thursday, the main palladium futures contract on the Guangzhou Futures Exchange hit the daily limit again, and the main platinum futures contract nearly hit the limit. The exchange issued trading limit regulations [2][3]. 3.2.2 Metal - Morgan Stanley believes that as zinc exports increase, LME zinc inventories are rising, and mine - end supply growth will continue in 2026. Korea Zinc plans to invest 15 trillion won in South Korea by 2029 to increase strategic mineral production. ICBC will strengthen the management of its agency business for individual precious - metal trading on the Shanghai Gold Exchange. The London Metal Exchange plans to implement new position - limit rules from next July [4][5]. 3.2.3 Coal, Coke, Steel, and Minerals - Westpac warns that iron - ore prices will drop 20% next year due to China's steel production cuts and new supply. Rio Tinto will start the first phase of a project in Western Australia, with an estimated annual iron - ore output of 50 million tons by 2030. The European Commission proposes to expand the Carbon Border Adjustment Mechanism to downstream steel and aluminum - intensive products [6]. 3.2.4 Energy and Chemicals - The EU Parliament plans to phase out Russian natural - gas imports by the end of 2027. Russia may extend the diesel export ban for non - oil - producing countries. China's first offshore CCUS well was drilled in the South China Sea, which is expected to inject over 1 million tons of carbon dioxide into the seabed in 10 years and increase oil production by 200,000 tons [7][8]. 3.2.5 Agricultural Products - The USDA expects global sugar production in the 2025/26 season to increase 4.6% year - on - year to 189.3 million tons [10]. 3.3 Financial News 3.3.1 Open Market - On December 18, the central bank conducted 88.3 billion yuan of 7 - day reverse repurchase operations and 100 billion yuan of 14 - day reverse repurchase operations, with a net injection of 6.97 billion yuan. The market believes this is to meet the cross - year capital demand. The central bank will issue 40 billion yuan of 6 - month RMB central bank bills in Hong Kong on December 22 [11]. 3.3.2 Key News - The National Development and Reform Commission will take measures to expand effective investment. The Ministry of Commerce and the Ministry of Finance held a meeting on the "Three New" pilot projects. The State Administration for Market Regulation will promote the construction of a unified national market. The State - owned Assets Supervision and Administration Commission issued regulations on liability - investigation for central enterprises' illegal business investments. China re - implemented export license management for steel and approved some rare - earth export general license applications. The "Reward Economy" is emerging among the young, driving domestic demand. The central government will prioritize expanding domestic demand in 2026. The bank - wealth management market is booming, with the scale reaching about 34 trillion yuan by the end of November. The "14th Five - Year Plan" period's urban housing demand is estimated to be about 49.8 billion square meters. Japan increased its holdings of US Treasury bonds in October, while China reduced its holdings. Germany plans to issue a record 512 billion euros of federal debt next year. Trump said the next Fed chair nominee will support "substantial" rate cuts. The US November core CPI and overall CPI growth rates were lower than expected, but the data reliability is questioned. The number of initial jobless claims in the US decreased last week, and the continuing claims increased. The European Central Bank maintained the benchmark interest rate, and the Bank of England cut the interest rate by 25 basis points. Some bond - related events and overseas credit ratings changes are also reported [12][13][14][15][16]. 3.3.3 Bond Market Summary - The Chinese bond market was generally strong, with most interest - rate bond yields falling, but the 30 - year active bond yield rising slightly. Treasury - bond futures mostly rose. The inter - bank market liquidity was loose. The exchange - bond market had mixed performance, with some bonds rising and some falling. The convertible - bond index rose slightly. The money - market interest rates showed different trends, and the yields of European and US bonds mostly fell [18][19][20][21]. 3.3.4 Foreign Exchange Market - On Thursday, the on - shore RMB against the US dollar rose 41 basis points at the 16:30 close. The RMB central parity rate against the US dollar was depreciated by 10 basis points. The US dollar index rose 0.04% in New York, and most non - US currencies rose [22]. 3.3.5 Research Report Highlights - Xingzheng Fixed - income believes that since November, the yields of Chinese - funded US dollar bonds have generally risen. Huatai Fixed - income thinks that the central economic work conference's monetary policy is discretionary, and the fiscal policy may have a certain improvement in the economic quarter - on - quarter, but the project - end constraints and other effects need to be observed. Guosheng Macro believes that the November fiscal revenue and expenditure weakened, and the 2026 fiscal policy will continue to be "more proactive". CITIC Securities explains the Fed's open - market operations and the new round of reserve - management bond purchases in December 2025 [23][24]. 3.3.6 Today's Reminders - On December 19, 169 bonds will be listed, 69 bonds will be issued, 103 bonds will make payments, and 201 bonds will pay principal and interest [25]. 3.4 Stock Market - The CSRC will promote the compilation and implementation of the capital - market "14th Five - Year Plan". The A - share market had a divergence in large and small indices, with the Shanghai Composite Index rising 0.16%, the Shenzhen Component Index falling 1.29%, and the ChiNext Index falling 2.17%. The Hong Kong stock market had narrow fluctuations, with the Hang Seng Index rising 0.12%. Hong Kong Exchanges and Clearing Limited is consulting the market on optimizing the trading - unit framework. Morgan Stanley expects the MSCI China Index, CSI 300 Index, and MSCI Hong Kong Index to have double - digit growth in 2026. Insurance asset - management institutions have been actively registering asset - support plans this year [27][28][29].

Group 1 - Apple customer service advised users to clear storage space on iPhones to prevent startup issues when memory is full, as it can lead to system crashes and data loss [2] - A robbery occurred in Hong Kong involving a currency exchange store, with approximately 10 billion yen stolen, leading to police investigations and one arrest [2] Group 2 - Hangzhou has become the first city in China to legislate on weight management as part of its health promotion efforts, effective January 1, 2024 [5] - Honda announced production halts in some factories in China and Japan due to semiconductor shortages, affecting operations from late December to early January [5] - Trump announced bonuses for U.S. military personnel funded by tariff revenues, emphasizing economic improvements during his presidency [5] Group 3 - ByteDance launched the enterprise version of its AI programming tool TRAE CN, which is used by over 92% of its engineers internally, with significant performance optimizations for enterprise needs [8] - The iPhone prices in Hainan's duty-free shops are significantly lower than on e-commerce platforms, with potential savings of up to 2,140 yuan for certain models [11] - The minimum basic pension for urban and rural residents in China is set to increase to 143 yuan per month in 2025, marking the eighth increase since the system's establishment [12] Group 4 - A giant underwater gold mine was discovered in Laizhou, with proven gold reserves exceeding 3,900 tons, accounting for about 26% of the national total [12] - The chairman of Guoshun Quantum, a leading quantum technology company, passed away unexpectedly at the age of 46 [12] - Nvidia's CEO revealed that the company has not yet made any payments to OpenAI as part of a planned $100 billion investment [12] Group 5 - Apple adjusted its iOS rules in Japan to comply with new regulations, allowing third-party app stores and payment methods, significantly altering its previous ecosystem dominance [13] - Several banks, including China Bank and Postal Savings Bank, have ceased issuing various co-branded credit cards due to expired partnerships [14][15] - Zhongyin Securities responded to the removal of its app from app stores, emphasizing its commitment to user data protection and compliance with regulatory feedback [15]

12月18日，经过五年多的准备，海南各个港口、机场、车站的封关倒计时电子屏宣布收官，海南自贸港正式启动全岛封关。 封关前夜，海南临港的大街上插满了"高标准建设"的红色旗帜，在海风中铮铮作响。在港口的倒计时牌前，国内外往来游客驻足合影留念。 相比外界对"封关"的各种解读，岛上的民众更加朴素：封关后，家门口的工作能不能多一些？居民在岛内能不能买到更便宜的药物？罕见病救治不用跑到国 外？海南会不会成为购物天堂？ 一些显而易见的信号是，自贸港的红利已经吸引了大批企业注册入驻。近一周内，海口新注册公司7544家，平均每天新增注册1077家。 "封关不是终点，而是一个起点。"在专家看来，海南将以封关的零关税为起点，再一步步去推动减税制，低税率、增加免签国等其他优惠政策真正落地。 -1- 实探全球最大单体免税店 12月18日上午，预热了多日的中免封关启动仪式在海口国际免税城一楼天际秘林举行。这里是中国旅游集团旗下中免集团打造的全球最大单体免税店，有超 过800个国际国内品牌入驻。 ▲新海港内，电子屏显示封关运作 ▲海口国际免税城 走在免税城，随处都能看到"新政落地、利好升级"、"封关启航、中免献礼"的横幅和标语，电子屏上的 ...

Group 1 - The core point of the article highlights the short-term stock price increases of Runxin Technology and Laofengxiang, with Runxin Technology rising over 7% and Laofengxiang rising over 4% [1] - The news reports that Doubao's large model is collaborating with Runxin Technology and Laofengxiang to develop AI glasses, which are expected to be priced under 2000 yuan [1] - The AI glasses are anticipated to be launched in early next year [1]

慢守：十年重仓，熬出真价值 你发现没，段永平这两年重新走到公众面前，压根不是来蹭热度的，而是带着他的 "慢哲学" 给市场上 了堂大课。 作为手里攥着 825 亿元资产的大佬，他最让人佩服的地方，就是能沉得住气死磕到底。 拿茅台来说，他一持有就是十几年，2012 年塑化剂事件闹得行业鸡飞狗跳时，他敢抄底；2024 年白酒 行业又遇调整，他接着加仓。 就算到了 2025 年，茅台价格还在波动，他依然笃定得很："库存放着能变成年份酒增值，这商业模式压 根没坏"。 更让人意外的是苹果，2025 年二季度他逆势增持90 万股，手里持有的股份占比高达 62.47%，反观同期 巴菲特都在减持苹果，这对比简直鲜明。 说句实在话，这种 "慢" 可不是懒，而是看透了生意本质后的心里有底。他老挂在嘴边的 "买股票就是 买公司"，可不是随便说说。 他看懂了茅台的品牌壁垒有多硬，也摸透了苹果的生态有多能打，所以根本不会被短期股价的涨跌牵着 鼻子走。 就像 2025 年底，茅台都开始打响 "稳价保卫战" 了，2026 年要聚焦三大核心单品，非标产品还要减 量。 没完成的 2025 年配额也停止投放，这波操作直接让飞天茅台批价从 1485 ...

12月17日，沪指涨1.19%，深成指涨2.4%，创业板指涨3.39%。全市场成交额1.83万亿元，超3600股上涨。能源金属、算力硬件、电池、保险等板块涨幅居 前，海南、军工等下跌。 焦点股方面，零售股百大集团晋级5连板，实控人变更的胜通能源4连板、皮阿诺3连板，智能驾驶概念股三羊马3连板，钧达股份、金圆股份（维权）4天2 板，浙江世宝、翠微股份等2连板。 | 代码 | 名称 | 价格 | | 涨幅量 | 换手% 几天几板 2 ... | 成交额 | 成交量 涨停分析 | | --- | --- | --- | --- | --- | --- | --- | --- | | 301123 | 奕东电子 | 52.78 | +8.80 | +20.01% | 18.13% 百板涨停 | 15.347. | 29.93万 液冷+AI服务器 | | 301205 | 联特科技 | 174.00 +29.00 | | +20.00% | 30.14% 自板涨停 | 32.747. | 20.49万 CPO+800G、1. | | 300221 | 古鳌科技 | 16.80 | +2.80 | +20.00% | 1 ...