资本市场财务造假"零容忍"的监管重拳，正进一步迈向系统治理的深化阶段。 2026年证监系统的首场座谈会，主题即聚焦财务造假综合惩防。1月5日，由证监会牵头，证监会主席吴 清主持召开的资本市场财务造假综合惩防体系跨部门工作推进座谈会（下文简称"座谈会"），汇聚了最 高人民法院、最高人民检察院、国家发展改革委、公安部等多个部门的负责同志。会议核心旨在升级跨 部门协同 "组合拳"，切实加大对财务造假等资本市场乱象的惩治效果。 会议通报的数据彰显了"零容忍"的实战成果：2024年以来，证监会累计查办财务造假案件159起，作出 行政处罚111起，罚没金额高达81亿元。监管坚持"惩首恶"与"打帮凶"并重，向公安机关移送涉嫌犯罪 线索112件，更有18家严重造假公司触及重大违法强制退市红线。 在新"国九条"及"健全投资者保护机制"的指引下，一系列关键制度密集出台且正在完善。证监会发布的 投资者保护新规强化了投资者救济渠道；《上市公司监督管理条例（征求意见稿）》旨在精准打击"关 键少数"并斩断外部造假链条；而退市新规中"连续三年及以上造假即坚决出清"的硬性规定，更成为让 长期潜伏问题公司浮出水面、加速出清的强大引擎。 这些制 ...

转自：贵州日报 贵州日报天眼新闻记者 王太师 陈刚 筑强产业之城，激发增长新动能。推进"天麻全链""牛业双驱""茶叶双品"工程，建设精深加工产业园， 让特色农业从种植优势转化为全产业链胜势；加快鞋服轻纺、新型建材等传统产业转型升级，高起点规 划建设黔东北轻工产业集聚区、临空经济区和铝制品加工产业园；精心打造乌江文化旅游带、康养度假 区，持续办好"贵州音乐时光""火龙节"等品牌活动，唱响"东游梵净山·西游洋山河"文旅强音；聚力建设 黔东北区域性商贸物流中心，发展高品质生产性生活性服务业，让"五流"汇聚的态势更加澎湃。 建设医教之城，塑造人才新高地。持续深化医改，巩固"双三甲"成果，做强县人民医院、中医院特色专 科，推动医疗设备更新迭代，并谋划建设武陵医学院、黔东北中医药传承创新中心、智慧康养中心，打 造区域医疗康养目的地；优化学校布局，推进德江职校搬迁、第四高级中学建设，支持贵州工程职业学 院升格为职业本科大学，建设黔东北教师发展培训与考试中心，全面提升"双示范、三高校"内涵质量， 建成一座"人才荟萃、服务友邻"的医教之城。 绘就绿色之城，拓展"两山"新路径。强化保护修复，健全乌江流域生态环境协同保护机制，实施 ...

本报记者 吴晓璐 《证券日报》记者根据Wind数据统计，截至12月10日，以股权登记日计算，今年以来，3762家A股上市公司合计分红金额 达2.46万亿元，超过去年全年，再创历史新高。 另外，还有36家公司发布了分红派息实施公告，拟于12月11日至18日之间进行股权登记，拟分红金额合计1518.56亿元。若 加上目前已确定要实施的分红，今年上市公司分红金额将达到2.61万亿元，全年分红总额将首次突破2.6万亿元。 近日，中国证监会就《上市公司监督管理条例（公开征求意见稿）》（以下简称《条例》）公开征求意见，对上市公司现 金分红作出明确要求，支持上市公司制定合理稳定的分红政策。 在市场人士看来，《条例》有助于进一步强化上市公司及相关各方积极回报投资者的意识。未来，A股分红有望呈现稳定 化、高频化、制度化趋势，并与公司价值深度绑定，增强市场吸引力，促进A股形成长期投资、价值投资生态。 分红金额逐年增长 近年来，上市公司分红金额逐年增长，2022年至2024年，这一数据分别为2.07万亿元、2.13万亿元、2.4万亿元。实施分红 的上市公司数量占比均在七成左右。 在市场人士看来，分红金额逐年增长，是政策引导、企业基 ...

Group 1 - The Hong Kong dividend sector experienced fluctuations and a slight decline, with the Hong Kong Central Enterprise Dividend ETF Tianhong (159281) tracking index down by 0.75% as of the report date [1] - The Tianhong ETF will distribute its first dividend for the 2025 fiscal year at a rate of 0.030 yuan per 10 fund shares, and it will suspend trading until 10:30 AM on the report date [1] - After resuming trading, the Tianhong ETF saw a net subscription of 6 million shares and a transaction volume exceeding 16 million yuan, leading among similar products in the Shenzhen market [1] Group 2 - The popularity of dividend-themed funds has surged as the year-end approaches, with a total net subscription of 12.198 billion yuan for dividend-themed ETFs in November [2] - Dividend assets are perceived to have a "quasi-bond" characteristic, making them attractive in the current low-interest-rate environment, leading to significant capital inflow into dividend assets [2] - Current macroeconomic activities and liquidity structures in China are recovering from the bottom, setting a foundation for future profit recovery and a market style shift towards dividends and undervalued assets [2]

天眼查App显示，近日，四川扶光天辰生物科技有限责任公司成立，法定代表人为李英，注册资本10万 人民币，经营范围为一般项目：技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；数 字技术服务；生物基材料销售；生物农药技术研发；互联网销售（除销售需要许可的商品）；信息咨询 服务（不含许可类信息咨询服务）；厨具卫具及日用杂品批发；日用化学产品销售；环保咨询服务；海 洋环境服务；自然生态系统保护管理；水环境污染防治服务；水利相关咨询服务；智能农机装备销售； 宠物销售；宠物服务（不含动物诊疗）；宠物食品及用品批发；宠物食品及用品零售；日用杂品销售； 牲畜销售。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

Core Viewpoint - The Sichuan Provincial Urban Work Conference emphasizes the need to develop "Park Cities and Comfortable Homes," focusing on enhancing urban quality and livability while integrating ecological and cultural elements into urban planning [2][4][5]. Group 1: Urban Development Strategy - The strategy aims to optimize the urban system across the province, balancing new urbanization with rural revitalization, and promoting high-quality development in Chengdu and its metropolitan area [1]. - There is a focus on stimulating urban development vitality by fostering a high-level innovation ecosystem that integrates education, technology, and talent [1]. - Enhancing the comprehensive carrying capacity of cities is crucial, with efforts to improve urban spatial structure and public service levels to meet residents' needs for a livable environment [1]. Group 2: Green and Sustainable Development - The initiative promotes a green and low-carbon urban transformation, emphasizing the synergy between carbon reduction, pollution control, and ecological preservation [1]. - The construction of low-carbon cities is a priority, alongside pollution management and the protection of natural landscapes [1]. Group 3: Safety and Governance - Improving urban safety resilience is essential, with a focus on infrastructure safety, risk monitoring, and social security management [1]. - The conference highlights the importance of enhancing urban governance efficiency through a robust governance framework and technological support [1]. Group 4: Cultural and Community Aspects - The development of urban spiritual civilization is emphasized, with a focus on historical and cultural preservation, and the promotion of socialist core values [1]. - The concept of "Comfortable Homes" reflects a commitment to improving the quality of life for residents, balancing economic development with a focus on community well-being [5][7]. Group 5: Implementation Focus - The conference outlines seven key areas for action, including optimizing the urban system, enhancing urban vitality, and promoting green transformation [8]. - Local governments are encouraged to improve infrastructure and public services to enhance urban carrying capacity and quality of life [8][9].

Core Insights - The article highlights the successful collaboration between companies and academic institutions in Hai'an, leading to technological breakthroughs and enhanced industrial ecosystems [1][4]. Group 1: Industrial Development - Hai'an has integrated resources to launch a "three-drives linkage" mechanism, enhancing the industrial ecosystem through government, finance, and enterprise collaboration [1]. - As of August, Hai'an has 1,396 industrial enterprises above designated size, ranking first in Nantong, with over 400 enterprises generating more than 100 million [1]. - Industrial sales in Hai'an increased by 4.7% year-on-year in the first eight months of this year, leading Nantong in total sales [1]. Group 2: Financial Support - Financial institutions like China Merchants Bank and Hai'an Rural Commercial Bank provided significant credit support, with 620 billion pre-approvals during specialized industry events [2]. - Eight industry-specific matchmaking events have been held this year, covering various sectors and facilitating nearly 100 technology demand collections and over 40 collaborative intentions [2]. Group 3: Addressing Industry Pain Points - Hai'an established 10 teams to visit 147 enterprises, identifying over 280 needs to address issues like high raw material transportation costs and supply instability [3]. - The local government facilitated connections between companies and domestic suppliers to resolve reliance on imported materials, significantly reducing costs [3]. Group 4: Innovation and Collaboration - A collaborative model involving industry mentors, government officials, and business executives was implemented to tackle industrial chain challenges effectively [4]. - Hai'an has created a "hundred-person team" platform for industry think tanks, promoting resource coordination and sharing of practical experiences among stakeholders [4]. Group 5: Strategic Development - The local government is committed to optimizing the "five clusters and ten chains" cultivation system to accelerate high-quality development through project-driven initiatives [5].

Market Overview - The A-share market has experienced a significant increase in market capitalization, growing by 35 trillion yuan and surpassing 105 trillion yuan since the "9.24" market event last year [1] - The number of stocks priced over 100 yuan has increased by 347%, while the number of stocks priced below 5 yuan has halved [1] - The average stock price increase, excluding new stocks, is 86.2%, with a median increase of 60.6% [1] - Approximately 1,504 stocks have doubled in value, accounting for nearly 28% of the market [1] - The ETF market has seen a nearly 90% increase in net asset value, with technology-focused ETFs, particularly those related to semiconductor innovation, leading the market with close to 200% growth [1] New Listings and Fundraising - In August, eight new companies were listed in the domestic market, raising a total of 6.463 billion yuan, with no companies delisted [2] - Since the beginning of the year, 11 A+H shares have been added, and over 70 domestic companies have listed overseas [2] Energy Sector - In August, the national electricity market trading volume reached 6,550 billion kWh, marking an 11.6% year-on-year increase [2] - Green electricity trading volume in August was 249 billion kWh, up 47.2% year-on-year [2] - From January to August, the cumulative electricity market trading volume was 43,442 billion kWh, a 7.0% increase year-on-year, accounting for 63.2% of total electricity consumption, up 1.3 percentage points year-on-year [2] Silicon Production - Domestic polysilicon production is expected to be around 130,000 tons in September, with a forecasted decline in production for October due to excess supply compared to downstream demand [3] - The market price for polysilicon remains stable, with a price index of 52.44 yuan/kg [3] DRAM Market - The DRAM market is expected to see continued price increases in Q4, driven by strong server demand and prioritization of advanced process capacity for high-end server DRAM and HBM [3] - Conventional DRAM prices are projected to increase by 8%-13%, with HBM included, the increase could reach 13%-18% [3] Corporate Developments - Hualing Cable plans to acquire Anhui San Zhu Intelligent Technology Co., with the acquisition still in the intention stage and subject to uncertainty [6] - Xibu Superconducting has completed multiple rectifications in response to regulatory measures from the Shaanxi Securities Regulatory Bureau [7] - Yuegui Co. has successfully acquired mining rights for quartzite in Guangdong for 222 million yuan, with a production capacity of 2.6 million tons per year [8] - Jindalai plans to use up to 450 million yuan of idle funds for low-risk financial products [10] - Xindian Software intends to repurchase shares worth between 30 million and 50 million yuan [11] - Sinopec Oilfield Services has signed a contract worth 359 million USD for an oilfield project in Iraq [12] - Linyang Energy has won a smart meter project from the State Grid worth approximately 142 million yuan [13] - Wanhui High-tech expects a net profit increase of 69.81% to 109.77% for the first three quarters of 2025 [14]

Group 1 - The State Council has approved a two-year pilot program for market-oriented allocation of factors in ten cities, including Changsha, Zhuzhou, and Xiangtan, aiming to break down barriers to factor flow and empower high-quality regional development [1][6] - The pilot will focus on seven dimensions of reform, including optimizing innovation resource allocation and efficient transformation of scientific and technological achievements [2][6] Group 2 - Land reform will prioritize the protection of arable land while promoting flexible land supply models, such as "rent first, then let" and "standard land + commitment system" [3] - Human resource reforms will include relaxed household registration policies and a talent sharing incentive system to attract high-level talent [3] Group 3 - The data factor market will be explored, with initiatives for public data management and prioritizing the opening of high-value datasets [4] - Capital factor reforms will focus on meeting the needs of the real economy, promoting credit loan innovations, and enhancing financial services for small and medium enterprises [4] Group 4 - Green development reforms will enhance resource and environmental factor management, including the establishment of a market for pollution rights and water rights [5] - The pilot program aims to create replicable and scalable experiences for national factor market-oriented allocation reforms, contributing to the "Changsha-Zhuzhou-Xiangtan" model [6]

Core Points - The 2025 Service Trade Fair (STF) will be held from September 10 to 14 at the Shougang Park, focusing on the theme "Digital Intelligence Leading, Service Trade Renewed" and promoting global service trade [1][2] Group 1: Exhibition and Participation - The exhibition work for the STF has been largely completed, with nearly 70 countries and international organizations expressing intent to participate, alongside 31 provinces, 5 municipalities, and regions from Hong Kong, Macau, and Taiwan [2] - Australia and Anhui Province will organize their largest exhibition groups since the inception of the STF, with Australia bringing nearly 60 institutions and enterprises focusing on finance and consumption themes [2] - Over 800 enterprises have shown interest in offline participation across nine specialized topics, including more than 330 Fortune 500 and industry-leading companies, with an overall internationalization rate exceeding 20% [2] Group 2: New Product Launches and Forums - More than 70 companies, including Alibaba and Schneider, will launch over 130 new products and achievements at the STF [3] - The event will host over 170 forums and promotional activities, including the Global Service Trade Entrepreneurs Summit and the 2025 World Tourism Cooperation and Development Conference [3] - The "Beijing Service" brand will showcase over 280 cases, with more than 180 selected for a key resource database, covering areas such as government services, fintech, smart healthcare, and AI+education [3] Group 3: Interactive Experience and Cultural Products - The STF will create diverse service consumption scenarios and integrate various activities, including a "check-in" activity for attendees to engage with the event through a dedicated app [4] - The event will feature cultural and creative products, including the "Fuyan" mascot series, which incorporates traditional Chinese culture and Beijing characteristics, with over 50 new products available for sale [4] Group 4: Overall Atmosphere and Service Quality - The STF will enhance convenience, frugality, and functionality in its overall layout, utilizing the unique characteristics of the Shougang industrial site [5] - Service quality will be improved with upgraded measures, including real-time parking guidance, dining capacity for nearly 40,000 attendees, and increased sanitation facilities [6] Group 5: Entry and Visa Facilitation - The STF will implement seven measures to facilitate entry for foreign participants, including on-site visa processing at airports and online accommodation registration [7] - Foreign business attendees will have access to visa extension services and can apply for permanent residency under certain conditions [7]