作者 | 一财阿驴 12 月 11 日 ， A 股 三 大 指 数 震 荡 走 低 ， 截 至 收 盘 ， 沪 指 跌 0.7% ， 深 成 指 跌 1.27% ， 创 业 板 指 跌 1.41%。北证50指数大涨近4%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | Wh 8 | 3873.32 c | -27.18 | -0.70% | | 399001 | 深证成指 | WA | 13147.39 с | -169.04 | -1.27% | | 399006 | 创业板指 | Status and States of Canadian | 3163.67 c | -45.33 | -1.41% | | 899050 | 北证50 | Var | 1443.17 c | 53.37 | 3.84% | 2025.12. 11 本文字数：751，阅读时长大约2分钟 盘面上，房地产、零售、文化传媒、通信设备跌幅靠前，CPO、两岸融合、免税店、电商、算力硬 件、AI应用题材纷纷 ...

1. Report Industry Investment Rating - There is no information about the report industry investment rating in the provided content. 2. Core Viewpoints of the Report - The inter - bank market liquidity remains loose, with the overnight repurchase rate of deposit - taking institutions staying around 1.32%. The November LPR quotes remain unchanged [4]. - The stock index rose and then fell yesterday, showing an overall volatile performance. It is expected that market differences will be gradually digested during the stock index's volatile adjustment, and the index is expected to rise further with the emergence of new mainlines. The bottom - fishing effect of Central Huijin provides a certain buffer, and the downside risk of the index is generally controllable. The recent market adjustment offers an opportunity to lay out for the further rise of the stock index next year [6]. 3. Summary According to Relevant Catalogs 3.1 Macro - financial Data - **Interest Rates**: DR001 closed at 1.31%, down 0.04bp; DR007 at 1.45%, down 2.79bp; GC001 at 1.38%, down 6.50bp; GC007 at 1.52%, down 1.00bp; SHBOR 3M at 1.58%, up 0.10bp; LPR 5 - year at 3.50%, unchanged; 1 - year treasury bond at 1.35%, down 0.60bp; 5 - year treasury bond at 1.57%, up 0.20bp; 10 - year treasury bond at 1.84%, down 0.10bp; 10 - year US treasury bond at 4.00%, down 1.00bp [3]. - **Central Bank Operations**: The central bank conducted 356.4 billion yuan of 7 - day reverse repurchase operations yesterday at an operating rate of 1.40%. With 300 billion yuan of reverse repurchases maturing on the same day, the net investment for the day was 56.4 billion yuan [3]. 3.2 Stock Index Market - **Closing Prices and Changes**: The CSI 300 closed at 4515, down 0.05%; the SSE 50 at 2972, up 0.02%; the CSI 500 at 6951.3, down 0.2%; the CSI 1000 at 7257.5, up 0.12%. The trading volume of the two stock markets in Shanghai and Shenzhen was 1.7098 trillion yuan, a decrease of 73.6 billion yuan from the previous day. Industry sectors showed mixed performance, with papermaking, batteries, consumer electronics, photovoltaic equipment, and chemical raw materials sectors leading the gains, while cultural media, cement building materials, Internet services, pharmaceutical commerce, and gaming sectors leading the losses [5]. - **Futures Contracts**: IF volume was 100,893, up 3.7%; IF open interest was 264,196, up 1.9%; IH volume was 42,497, up 19.7%; IH open interest was 92,285, up 7.0%; IC volume was 112,976, up 5.6%; IC open interest was 254,570, up 2.2%; IM volume was 183,443, up 3.3%; IM open interest was 364,043, up 0.8% [5]. 3.3 Futures Contract Premium and Discount - **IF**: The premium/discount rates for the current - month, next - month, current - quarter, and next - quarter contracts were 8.38%, 6.21%, 3.95%, and 3.99% respectively [7]. - **IH**: The premium/discount rates for the current - month, next - month, current - quarter, and next - quarter contracts were 5.51%, 3.70%, 1.81%, and 1.63% respectively [7]. - **IC**: The premium/discount rates for the current - month, next - month, current - quarter, and next - quarter contracts were 13.15%, 11.90%, 10.34%, and 11.10% respectively [7]. - **IM**: The premium/discount rates for the current - month, next - month, current - quarter, and next - quarter contracts were 17.93%, 15.48%, 13.47%, and 13.25% respectively [7].

Core Insights - The article highlights the significant role of financial support in revitalizing the service consumption sector in Aba Prefecture, with a focus on tourism, hospitality, and cultural industries [1] Group 1: Financial Support in Hospitality - The hospitality sector in Aba Prefecture has seen a transformation due to a 5 million yuan loan from China Bank, enabling a local hotel to renovate and enhance its services, thus improving tourist feedback [2] - As of the end of May, the total loan balance for the accommodation and catering industry in Aba Prefecture reached 1.532 billion yuan, strengthening the region's tourism reception capacity [2] Group 2: Cultural and Creative Industries - The cultural and creative sector has benefited from a new financial initiative that allows businesses to access loans without traditional collateral, resulting in a 75.17% year-on-year increase in loans for cultural, sports, and entertainment industries [3] - The "one-line service 'code' loan" initiative has facilitated quick financing for cultural enterprises, exemplified by a company receiving 3 million yuan through a streamlined process [3] Group 3: Enhancing Local Healthcare Services - Local healthcare providers, such as Hu Dental Clinic, have improved their service capabilities through a 10 million yuan loan from Agricultural Bank, addressing liquidity issues and enhancing patient care [4] - The "one circle, three street leaders" model established by the People's Bank of China in Aba Prefecture has successfully facilitated credit access for over 7,900 local businesses, amounting to 1.957 billion yuan in credit [4]