2025年到期续作的7500亿元特别国债将在全国银行间债券市场面向有关银行定向发行，期限品种包括10 年期4000亿元、15年期3500亿元。发行过程不涉及社会投资者，个人投资者不能购买。2025年到期续作 特别国债是原特别国债的等额滚动发行，仍与原有资产负债相对应，不增加财政赤字。 （文章来源：中国经营报） 2025年12月12日，财政部发行的7500亿元特别国债即将到期。对于这部分国债安排，财政部有关负责人 表示，将延续以前年度做法，继续采取滚动发行的方式，向有关银行等额定向发行2025年到期续作特别 国债，所筹资金用于偿还当月到期本金。 2007年，经国务院同意和全国人大常委会批准，财政部发行了1.55万亿元特别国债，作为中国投资有限 责任公司的资本金来源。期限主要为10年、15年，2017年起陆续到期。2017年、2022年和2024年上述部 分特别国债到期时，财政部向有关银行定向发行特别国债偿还。 ...

证券日报网讯 12月9日晚间，力王股份发布公告称，公司拟使用不超过人民币15，000.00万元（含15， 000.00万元）闲置自有资金购买安全性高、流动性好的低风险理财产品，包括但不限于银行理财产品、 定期存款、结构性存款、协定存款、大额存单等低风险理财产品，在上述额度内资金可以循环滚动使 用。 （文章来源：证券日报） ...

Core Insights - The report from China Investment Corporation (CIC) indicates total assets of $15.7 trillion and net assets of $13.7 trillion as of December 31, 2024, with an annualized net return on foreign investments of 6.92%, exceeding performance targets by 61 basis points [1] - The macroeconomic environment in 2024 is characterized by high interest rates, high inflation, and increased volatility, leading to greater challenges and uncertainties in foreign investment activities [1] - The acceleration of digitalization, greening, and intelligence is creating new investment opportunities alongside global growth [1] Investment Strategy - CIC maintains a strategic focus on long-term investments, emphasizing internationalization, marketization, professionalism, and responsibility while optimizing investment models and enhancing management systems [1] - In the public market, the investment portfolio is 34.65% in publicly traded stocks, with the top five sectors being Information Technology (25.85%), Financials (16.41%), Consumer Discretionary (11.85%), Health Care (9.88%), and Industrials (9.72%) [2] - The company is adapting its investment strategies in both public and private markets to respond to market trends and risks, enhancing flexibility and effectiveness in investment management [2] Performance and Outlook - In the first half of 2025, CIC reported good investment returns in the public market, exceeding board assessment indicators, while maintaining a flexible and proactive approach in the private market [3] - Central Huijin, a wholly-owned subsidiary of CIC, plans to increase its holdings in exchange-traded funds (ETFs) to support market stability, continuing its role as a stabilizing force in the capital market [4] - Central Huijin aims to enhance the governance and competitiveness of its controlled institutions, ensuring compliance and effective risk management to safeguard the quality of financial assets [5]

Group 1 - Suzhou aims to become the "preferred city for OPC entrepreneurship," with a target of establishing over 30 OPC communities, nurturing 1,000 new OPC enterprises, and attracting over 10,000 OPC talents by 2028 [1] - Suzhou High-tech New District Financial Holdings has developed a comprehensive fund investment system covering FOF, angel investment, VC, PE, industrial investment, and mergers and acquisitions, managing over 130 funds with a total scale exceeding 90 billion yuan [1] - The special mother fund for the artificial intelligence industry in Suzhou has a total scale of 6 billion yuan, focusing on AI-related fields within the city's "1030" industrial chain system [1] Group 2 - Suzhou High-tech New District Financial Holdings has participated in over 1,400 investment projects and nurtured 110 companies for domestic and overseas listings [2] - The company has strategically invested in the core AI sector through self-managed funds and partnerships with institutions like Su Chuang Investment and Zhongxin Juyuan [2] - Investments have been made across various AI applications, including AI computing infrastructure, AI + embodied intelligence, AI + manufacturing, AI + healthcare, and other sectors, supporting projects such as Mu Xi Integration and Tianzhun Technology [2]

Core Viewpoint - Gold is experiencing a historic surge in 2025, with prices surpassing $4,300 per ounce, reflecting a significant shift in global capital's perception of monetary credit systems [1][2]. Group 1: Historical Context and Value of Gold - Throughout history, gold has remained a symbol of "constant value," contrasting with fiat currencies that rely on credit guarantees [1]. - The transition from the gold standard to a pure fiat currency system in 1971 marked a shift in gold's role to a "confidence anchor" [2]. - Gold's price has risen from $35 per ounce in 1971 to around $4,200 per ounce, demonstrating its stability during various economic crises [2]. Group 2: Pricing Logic and Market Dynamics - Gold pricing is traditionally influenced by its monetary, financial, and commodity attributes, which vary in importance over time [3]. - The classic negative correlation between gold prices and real interest rates has been disrupted since 2022, with gold's monetary attributes taking precedence [4]. - Central banks are increasingly purchasing gold as a hedge against currency credit risks, with global purchases expected to exceed 1,000 tons annually from 2022 to 2024 [5]. Group 3: Current Market Trends and Future Outlook - The current gold price increase is part of a "consensus reinforcement positive cycle," driven by expectations of global monetary system adjustments [6]. - Historical data indicates that gold bull markets last an average of 32 months with a 172% price increase; the current market has already lasted 36 months with an 88% increase [7]. - Short-term support for gold prices is linked to potential shifts in U.S. monetary policy, particularly interest rate decisions [7]. Group 4: Investment Strategies and Tools - Investors are advised to allocate 5% to 10% of their assets to gold to enhance portfolio resilience against market volatility [10]. - Gold ETFs, such as Huaxia Gold ETF (518850), offer a low-cost entry point for investors, with a management fee of only 0.2% [11]. - For those seeking higher risk and potential returns, gold equity ETFs (159562) provide exposure to the gold mining sector, benefiting from both gold price increases and resource valuation [11]. Group 5: Conclusion and Long-term Perspective - Gold's enduring value as a "hard currency" is reinforced by ongoing global monetary diversification and geopolitical uncertainties [12]. - The ultimate goal of investing in gold is to maintain a stable asset base amid market fluctuations, emphasizing the importance of rational allocation and long-term holding [13].

12月9日，中国投资有限责任公司(以下简称"中投公司")发布《2024年度报告》(以下简称《年报》)。 《年报》显示，截至2024年12月31日，中投公司总资产达1.57万亿美元，净资产达1.37万亿美元，过去 十年对外投资年化净收益率按美元计算为6.92%，超出业绩目标61个基点；中央汇金受托管理的国有金 融资本达6.87万亿元人民币，较年初增长6.44%。 一是充分发挥国有金融资本战略引领作用，引导控参股机构积极发挥金融"国家队""主力军"作用，为实 体经济提供优质金融产品和服务，助力经济持续回升向好，为服务国家发展大局作出更大贡献。 二是全面优化国有金融资本受托管理体系，主动探索创新股权管理工具，增强国家股股东和派出董事履 职专业性，推动控参股机构提升公司治理水平和核心竞争力，实现国有金融资产保值增值。 数据显示，以美元计算，截至2024年12月31日，公司过去十年累计年化净收益率为6.92%，超越考核基 准61个基点，完成十年投资绩效考核目标；自成立以来累计年化净收益率为6.39%。 2024年，中投公司稳妥应对挑战、积极把握机遇，因时因势优化调整公开和非公开市场投资。公开市场 方面，公司加强对市场趋 ...

南财智讯12月9日电，中信金属公告，公司拟使用闲置自有资金进行委托理财额度不超过人民币10亿 元，并可在上述额度内滚动使用。投资品种包括货币市场基金、保本类收益凭证、保本类结构性存款及 银行理财产品，资金来源为公司及其控股子公司的闲置自有资金。该事项已经公司第三届董事会第十二 次会议审议通过，审计委员会、独立董事专门会议和保荐人已发表同意意见，无需提交股东会审议。 ...

12月9日，中投公司发布 《2024年度报告》（简称"年报"） 。 上述年报显示，截至2024年12月31日，中投公司总资产达1.57万亿美元，净资产达1.37万亿美元，过去十年对外投资年化净收益率按美元计算为6.92%，超出业绩目 标61个基点；中央汇金受托管理的国有金融资本达6.87万亿元人民币，较年初增长6.44%。 2024年，全球宏观经济面临高利率、高通胀、高波动环境，宏观范式的转换影响不断深化，地缘政治加速变局，金融市场持续震荡，不同经济体之间发展分化加 剧，机构对外投资活动变数和挑战明显增多。与此同时，加速发展的数字化、绿色化、智能化，既为全球增长注入新动能，也带来新投资机遇。 证券时报记者从中投公司了解到，2024年，中投公司始终保持战略定力，坚守长期投资者定位和国际化、市场化、专业化、负责任原则，持续优化投资模式、把握 投资机遇，以加强统筹管理和提升专业化水平为着力点，完善对外投资管理机制和全面风险管理体系，优化资产配置和组合管理，不断提升总组合的韧性和质量。 近年来，公司总组合业绩连续跑赢长期绝对收益目标。 境外投资公开市场股票中 信息科技行业占比居首 根据年报内容，截至2024年末，中投 ...

中投公司董事长张青松介绍，2024年中投公司积极融入国家发展大局，稳步推进战略规划实施，着 力提升统筹发展和安全的能力，不断优化资产配置和投资布局，认真履行国有金融资本受托管理职责， 经营发展取得新进展。 数据显示，截至2024年末，中投公司净资产达1.37万亿美元，过去十年对外投资年化净收益率按美 元计算为6.92%。 新华社北京12月9日电（记者吴雨）12月9日，中国投资有限责任公司发布的2024年度报告显示，截 至2024年末，中投公司总资产达1.57万亿美元，过去十年对外投资年化净收益率超出业绩目标61个基 点。 截至2024年末，中央汇金受托管理的国有金融资本达6.87万亿元人民币，较年初增长6.44%。 据介绍，面对充满不确定性的投资环境，中投公司着力提升自主投资能力，优化资产配置框架和总 组合管理模式，有效应对国际金融市场剧烈波动带来的不利影响。经初步统计，公司2025年上半年投资 收益良好。 中投公司表示，未来公司将积极发挥国际化、市场化、专业化优势，秉持负责任投资理念，继续朝 着世界一流主权财富基金目标稳步前进。 【纠错】 【责任编辑:邱丽芳】 在境外投资方面，中投公司坚守长期投资者定位，优 ...

Core Viewpoint - The continuous increase in China's gold reserves reflects the central bank's long-term preference for gold as a stable reserve asset amid global economic uncertainties, with a notable increase in foreign exchange reserves reaching $33,464 billion, the highest since December 2015 [1][3]. Group 1: Central Bank's Gold Accumulation - The central bank has increased its gold reserves for 13 consecutive months, with a total of 7,412 million ounces as of November, indicating a strategic shift towards optimizing foreign exchange reserves and reducing reliance on a single currency [1][5]. - The recent increase in gold reserves is part of a broader trend among central banks globally to enhance financial stability and currency credibility, especially in light of geopolitical tensions and the depreciation of the US dollar [5][6]. Group 2: Market Implications - The expectation of interest rate cuts by the Federal Reserve has led to a short-term rise in gold prices, supported by a weaker dollar and favorable market conditions, although gold prices have not yet surpassed the highs of October [4]. - The central bank's steady accumulation of gold is expected to provide a solid foundation for long-term price increases, reinforcing gold's status as a core asset in foreign exchange reserves [4][6]. Group 3: Macro Financial Strategy - The continuous increase in gold reserves serves not only as a reserve management strategy but also as a macro-financial layout to mitigate risks associated with the depreciation of the US dollar and rising geopolitical risks [8]. - The trend of increasing gold reserves is likely to continue, particularly in an environment of uncertain interest rates and geopolitical volatility, highlighting gold's growing importance as a core asset in foreign exchange reserves [6][8].