格隆汇12月30日｜标普500指数开盘变化不大，科技股涨跌互现。周二的成交量可能会保持清淡；此前 周一的成交量较20天平均水平低了近40%。Piper Sandler & Co.的首席市场技术人员Craig Johnson在一份 报告中写道："过去几周，尽管因假期导致交易日缩短，但市场仍带着平静的信心走高。"他补充 说，"市场广度继续改善，趋势指标仍然具有建设性，波动率已突破关键支撑位。" ...

记者注意到，新版《业务规则》第七条对境外机构接入CIPS进行了明确，"境外机构申请成为直接参与 者的，可委托符合条件的直接参与者作为资金托管行"，而原来的《业务规则》提出，"境外机构应当委 托境内银行类直接参与者作为其资金托管行"。 据悉，新版《业务规则》内容共涵盖"总则""账户管理""业务处理""结算机制""风险管理与应急处理""附 则"六章，细分为三十条。 记者对比发现，相较于2018年版本，新版《业务规则》取消了"参与者管理"专章，只在第一章的"总 则"中要求运营机构应当制定参与者管理办法，并明确参与者加入和退出管理、参与者报告事项及参与 者风险管理等有关要求，同时参与者应当按照运营机构制定的参与者管理办法开展业务。 "近年来，人民币跨境支付系统呈现出迅猛的发展态势，业务量与参与者规模均实现大幅增长，使得原 有的《业务规则》在诸多方面暴露出执行方面的困难。"博通咨询金融行业资深分析师王蓬博对记者表 示，《业务规则》的修订是为了适应参与者规模扩大与管理需求。 跨境清算公司官网显示，截至目前，CIPS共有190家直接参与者，1567家间接参与者，其中亚洲1150家 （含境内565家），欧洲261家，非洲65 ...

Market Movements - US stock index futures are all down, with Dow futures down 0.06%, S&P 500 futures down 0.07%, and Nasdaq futures down 0.10% [1] - European indices show positive movement, with Germany's DAX up 0.25%, UK's FTSE 100 up 0.35%, France's CAC40 up 0.29%, and the Euro Stoxx 50 up 0.46% [2][3] - WTI crude oil is up 0.34%, priced at $58.28 per barrel, while Brent crude is also up 0.34%, priced at $61.70 per barrel [3][4] Economic Insights - Goldman Sachs supports the narrative of a "soft landing" for the US economy, driven by the easing of tariff pressures, tax cuts, and interest rate reductions. They predict strong growth resilience extending into 2026, with economic growth expected to exceed market forecasts [5] - Bank of America CEO Brian Moynihan warns against excessive focus on the Federal Reserve, stating that the US economy is much larger than the Fed and should not be overly influenced by its rate adjustments [6] Debt Market - The ICE BofA MOVE index, which measures expected volatility in the bond market, has dropped significantly to around 59, the lowest since October 2021, and is on track for one of the steepest annual declines since 2009 [7] Oil Market - OPEC+ is expected to reaffirm its decision to pause production increases in the first quarter of next year due to signs of oversupply in the global oil market, with oil prices having dropped 17% this year [8] Company News - Meta has agreed to acquire AI startup Manus, which could enhance its AI infrastructure and product offerings as part of a broader $600 billion investment in AI [9] - Lululemon's founder Chip Wilson has initiated a proxy battle to nominate three independent directors to the board amid dissatisfaction with the company's strategic direction and a significant drop in stock price [10] - MicroStrategy has purchased $108.8 million worth of Bitcoin, increasing its total holdings to 672,497 Bitcoins, valued at approximately $50.4 billion [11] - Tesla has publicly disclosed a more pessimistic forecast for Q4 vehicle deliveries, estimating 422,850 units, a 15% decline year-over-year, compared to a market estimate of 445,061 units [12]

Group 1 - The company is actively advancing its restructuring efforts, with plans to complete a transaction that will involve divesting its existing financial business and injecting high-quality nuclear power assets [1] - Following the restructuring, the company will become a consolidation platform for nuclear power operation assets under the State Power Investment Corporation [1] - Stakeholders are encouraged to pay attention to relevant announcements regarding the company's operational developments [1]

Core Viewpoint - The cyclical industries typically exhibit a clear competitive landscape and stable valuation systems, allowing for reverse layout based on fundamental trends and valuation levels [1] Group 1: Investment Focus - Key areas of focus under the cyclical perspective include upstream resource sectors, midstream cyclical manufacturing sectors, strong cyclical segments within consumption, and the financial services industry, with attention to fundamental rhythm and implied risk-return [1] - When the implied returns of dividend strategies are attractive, the focus should be on mature industries with stable market positions and cash flows, particularly leading companies in consumer goods and manufacturing [1] - Additionally, there is an emphasis on "efficiency-type" companies within large industries, actively seeking "1-N" growth opportunities for enterprises [1]

Group 1: Gold Price Forecast - UBS has raised its gold price forecast for the first three quarters of 2026 to $5,000 per ounce, with a potential rise to $5,400 if political or economic turmoil increases around the U.S. midterm elections [1][6] - By the end of 2026, UBS expects gold prices to decline to $4,800 per ounce, which is $500 higher than the previous forecast of $4,300 [1][6] - The demand for gold in 2026 is anticipated to grow steadily due to low real yields, ongoing global economic concerns, and uncertainties related to U.S. domestic policies [1][6] Group 2: Economic Outlook - Goldman Sachs predicts that the strong growth resilience of the U.S. economy in 2025 will continue into 2026, driven by tax cuts from the "America First" plan and more favorable financial conditions [1][7] - The narrative of a "soft landing" for the U.S. economy is expected to gain traction in 2026, with growth rates anticipated to exceed market expectations [1][7] - Factors such as the ongoing construction of AI data centers, over $100 billion in tax refunds, and reduced negative impacts from tariffs and inflation are expected to boost economic growth momentum [1][7]

帝国金融集团(08029)发布公告，董事会建议将公司的英文名称由"Imperium Financial Group Limited"更 改为"China Investment Financial Technology Group Limited"，以及中文双重外文名称由"帝国金融集团有 限公司"更改为"中投金融科技集团有限公司"。 ...

格隆汇12月30日丨帝国金融集团(08029.HK)公告，董事会建议将公司英文名称由"Imperium Financial Group Limited"更改为"China Investment Financial Technology Group Limited"，以及中文双重外文名称 由"帝国金融集团有限公司"更改为"中投金融科技集团有限公司"(统称"建议更改公司名称")。 ...

Group 1 - The meeting between Wang Kang, Vice President of the Export-Import Bank, and Bo Weikang, General Manager of China International Economic Consulting Co., highlighted the importance of deepening cooperation between the two organizations [1][3][5] - Wang emphasized the strong foundation and broad space for collaboration, particularly in joint research, consulting evaluation, and project financing, aiming to provide diversified financial service solutions for Chinese enterprises going global [3][5] - Bo introduced the business development of China International Economic Consulting, focusing on strategic planning consulting and overseas project risk assessment, and expressed the desire to enhance cooperation on major issues and regional studies to support the internationalization of Chinese enterprises and the high-quality development of the Belt and Road Initiative [3][5]

Group 1 - The article highlights the development of Hengdian, known as the "Oriental Hollywood," which has become the world's largest film shooting base, generating an annual output value exceeding 35 billion yuan [5][10]. - Hengdian Group, founded 50 years ago, has diversified into various sectors including film and tourism, electronics, and pharmaceuticals, with total assets exceeding 100 billion yuan and six listed companies under its umbrella [5][15][17]. - The founder, Xu Wenrong, and his son, Xu Yong'an, are described as low-profile billionaires, emphasizing that the wealth of Hengdian Group belongs to the collective rather than individuals [6][18]. Group 2 - Hengdian's film industry strategy includes offering free shooting locations to attract film crews, which has led to significant growth in related services such as accommodation and dining, with the film industry generating 15.7 billion yuan in 2020 alone [10][11]. - The Hengdian Film City is projected to receive 15.24 million visitors in 2023, with revenues of 2.638 billion yuan, and 13.93 million visitors in 2024, with revenues of 2.867 billion yuan [11][12]. - Hengdian Film's revenue for 2024 is expected to be 1.971 billion yuan, with nearly 90% coming from cinema operations, while film investment and production contribute 10.3% [12]. Group 3 - Hengdian Group's assets include a general airport and a water plant, with a total revenue of 94.2 billion yuan in 2024 and a net profit of 3.124 billion yuan [17][18]. - The group has a unique corporate structure where ownership is held by community organizations, which has drawn interest from economists [19][20]. - The company is facing challenges in its magnetic materials sector, with market share declining to around 30%, and is adapting to the rise of short dramas in the film industry [24][25]. Group 4 - Hengdian Group is actively seeking transformation, with its photovoltaic sector achieving revenue of 11.47 billion yuan in 2025, a 43.6% increase, becoming a key business segment [25]. - The overall development of Hengdian has significantly improved local income levels, with residents' average annual income reaching 70,000 yuan [25].