会议强调，明年工作的总体思路是：坚持稳中求进工作总基调，坚持想明白干实在，坚持专业敬业，坚 持因地制宜、分类指导，更好统筹投资于物和投资于人，更好统筹惠民生和稳增长，更好统筹防风险和 促转型，大力实施城市更新，着力提升城市治理水平，推动房地产高质量发展，加快建筑业提质升级， 系统推进好房子、好小区、好社区、好城区"四好"建设，建设创新、宜居、美丽、韧性、文明、智慧的 现代化人民城市，开创住房城乡建设事业高质量发展新局面，为实现"十五五"良好开局作出贡献。 乌克兰或将制裁中国公民，外交部：敦促乌方立即纠正错误 据北京日报，12月23日，外交部发言人林剑主持例行记者会。 美方称中国在最新的发射井中部署100多枚洲际导弹，中方回应 【头条要闻】 住建部发声！着力稳定房地产市场 12月22日至23日，全国住房城乡建设工作会议在北京召开。 乌通社记者提问，目前，围绕结束俄乌战争的和平方案，相关谈判正在推进中。中国在这一和平进程中 扮演什么角色？第二个问题，乌克兰总统泽连斯基表示，乌克兰即将通过一项新的制裁方案，针对那些 协助俄罗斯实施"侵略"行为的俄罗斯实体和个人，该制裁还将包括中国公民。外交部对此有何评论？ 林剑表示 ...

据Wind数据，截至发稿，以股权登记日计算，今年以来A股上市公司现金分红总额达到2.61万亿元，创 出历史新高。 Wind数据显示，今年以来，A股上市公司迈瑞医疗、三七互娱、御银股份和玲珑轮胎分红次数均为三 次。山东路桥、雅戈尔、深圳华强、奕帆传动、陕国投A、鱼跃医疗、行动教育、南山铝业、隆扬电 子、艾融软件、分众传媒、药明康德、百龙创园、吉比特、华宝股份、新坐标、龙佰集团、远翔新材、 华明装备、卓创资讯、九强生物、金帝股份、开普检测、西部证券、海希通讯、开能健康、金能科技、 金岭矿业、国光股份和吉电股份分红次数均为两次。 自2022年底中央经济工作会议首次将"红利纳入资本市场改革方向"以来，监管层围绕上市公司现金分红 持续发力，政策密度和执行强度显著增强。申万宏源分析师杨俊文表示，分红政策体系已从倡导层面进 入刚性落实阶段，不仅提升了高股息资产的确定性，也显著强化了高分红策略的因子有效性与选股基 础。 回顾近期的市场行情，在无风险利率持续走低的环境下，权益资产吸引力明显。"头部公司的引领示范 清晰地向市场传递了一个积极信号——国内核心资产具备为投资者提供持续、稳定现金回报的能力，价 值投资的压舱石作用愈发凸 ...

据Wind数据，截至发稿，以股权登记日计算，今年以来A股上市公司现金分红总额达到2.61万亿元，创 出历史新高。 Wind数据显示，今年以来，A股上市公司迈瑞医疗、三七互娱、御银股份和玲珑轮胎分红次数均为三 次。山东路桥、雅戈尔、深圳华强、奕帆传动、陕国投A、鱼跃医疗、行动教育、南山铝业、隆扬电 子、艾融软件、分众传媒、药明康德、百龙创园、吉比特、华宝股份、新坐标、龙佰集团、远翔新材、 华明装备、卓创资讯、九强生物、金帝股份、开普检测、西部证券、海希通讯、开能健康、金能科技、 金岭矿业、国光股份和吉电股份分红次数均为两次。 自2022年底中央经济工作会议首次将"红利纳入资本市场改革方向"以来，监管层围绕上市公司现金分红 持续发力，政策密度和执行强度显著增强。申万宏源分析师杨俊文表示，分红政策体系已从倡导层面进 入刚性落实阶段，不仅提升了高股息资产的确定性，也显著强化了高分红策略的因子有效性与选股基 础。 回顾近期的市场行情，在无风险利率持续走低的环境下，权益资产吸引力明显。"头部公司的引领示范 清晰地向市场传递了一个积极信号——国内核心资产具备为投资者提供持续、稳定现金回报的能力，价 值投资的压舱石作用愈发凸 ...

丨证券研究报告丨 战略数据研究丨专题报告 [Table_Title] 成长指数拥挤度突破今年三季度高点—— W134 市场观察 报告要点 [Table_Summary] 当周科技成长继续领涨，长江创业板成长动量周度涨幅靠前，长江动量指数周度涨幅超 4%， 成长整体拥挤度已经越过今年三季度成长拥挤度高点。当周 A 股市场成交活跃度显著提升，周 度日均成交额达 1.95 万亿，较前周明显放量，12 月 12 日单日成交额达 2.12 万亿元，创近期 新高。各类风格和行业拥挤度比较上看，红利风格拥挤度普遍边际变化不大，港股波动下，港 股通红利成交热度有所回暖。电信业务、纸类及包装等交易活跃度回暖相对较多。当周中盘行 情修复相对靠前。 分析师及联系人 [Table_Author] 陈洁敏 SAC：S0490518120005 SFC：BUT348 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 [Table_Title 成长指数拥挤度 2] 突破今年三季度高点—— W134 市场观察 [Table_Summary2] 度量市场情绪：沪深 300 成交热度持续下滑，成长拥 ...

【导读】日韩股市高开，SK海力士开盘直线拉升 一起来看下日韩股市的最新情况。 个股方面，SK海力士开盘直线拉升，一度涨超4%，最新市值为427.34万亿韩元。 消息面上，日本11月生产者价格环比增长0.3%，预估为增长0.3%；同比增长2.7%，预估为增长2.7%。 消息面上，据韩国经济新闻，SK海力士正在考虑在纽交所发行以其库存股为基础的美国存托凭证（ADR），以寻求实现 公司估值的根本性再评估。SK海力士称，公司正在审议多种提升企业价值的措施，包括可能利用库存股在美国股市上 市。此外，据韩国总统府消息，韩国总统李在明将于周三召开会议，讨论国家芯片战略。 韩国统计局数据显示，11月份韩国新增就业人数为22.5万人，高于10月份的19.3万人。11月份经季节性调整后的失业率为 2.7%，10月份为2.6%。 韩国央行行长李昌镛周二警告称，到2040年，韩国经济的潜在增长率有可能跌至0%左右，并强调要有效地分配财政资 源，以提高增长潜力。他补充说："这在很大程度上是由低出生率和人口快速老龄化推动的，这导致了劳动年龄人口的减 少，而企业投资和提高生产率的创新不足以抵消这些趋势。" 摩根士丹利分析师Kathleen ...

（上接1版） 圆桌座谈环节由中国科学技术大学科技商学院、管理学院执行院长叶强主持。芯原股份董事长戴伟民、 华恒生物董事长郭恒华、拓荆科技董事长吕光泉、利元亨创始人卢家红、和元生物董事长潘讴东、罗曼 股份董事长孙凯君、太力科技董事长石正兵等企业家参与座谈，分享了在强化核心技术攻关、优化公司 治理结构、利用资本市场工具实现跨越式发展等方面的经验与思考。 良好的生态离不开科技创新的源头活水。中国科学技术大学党委常委、副校长傅尧表示，中国科大以制 度创新为先导，率先探索并构建"赋权+转让+约定收益"为核心的科技成果转化新模式；以资本为纽 带，构建"教育—研发—孵化—投资"全链条创新创业生态，推动科技、产业、资本深度融合。中国科大 将继续发挥基础研究深厚、学科交叉融合的优势，聚焦集成电路、人工智能、量子科技、新能源、新材 料等前沿领域，打造更多原始创新成果，并推动其走向"从1到100"的产业化突破，共同构建"资本赋能 科创、科创引领产业"的良性生态，为发展新质生产力、推动高质量发展注入更强的"科大动能"。 中介机构是连接资本与实体经济的桥梁，是市场生态中不可或缺的专业力量。华安证券党委书记、董事 长章宏韬表示，"十四五 ...

Core Viewpoint - The article reports on administrative penalties imposed on Zhongru Kexinda Construction Group Co., Ltd. for safety violations during construction activities, including a fine of 10,000 RMB due to non-compliance with safety regulations [1][3]. Group 1: Administrative Penalties - On November 24, 2025, Kexinda Construction Group received a fine from the Dongguan Housing and Urban-Rural Development Bureau for safety violations during construction [1][3]. - The violations were identified during a supervision inspection on September 9, 2025, where multiple safety hazards were noted, including improper spacing of support structures and inadequate safety measures [2][3]. - The fine imposed was 10,000 RMB, based on the "Regulations on Safety Management of High-Risk Construction Projects" [3]. Group 2: Procurement Ban - From December 16, 2024, to December 16, 2027, Kexinda Construction Group is banned from participating in military procurement activities due to violations such as collusion in bidding [4][5]. - The ban also extends to other companies controlled or managed by its legal representative, Gao Chunshan, during the penalty period [5]. Group 3: Company Overview - Zhongru Kexinda Construction Group was established in May 2000, with a registered capital of 31,900 million RMB and is led by legal representative Gao Chunshan [11]. - The company operates in various sectors, including construction, real estate, finance, and supply chain management, and has over 10 wholly-owned subsidiaries [9]. - In 2024, the group's contract value reached 6.25 billion RMB [9].

（文章来源：每日经济新闻） 每经AI快讯，Wind数据显示，11月20日，共12只港股获公司回购。其中，中国石油化工股份、极兔速 递-W、中国旭阳集团回购金额最大，分别获公司回购3658.4万港元、389.54万港元和330.36万港元。截 至11月20日，今年已有247只港股获公司回购，61只个股年内累计回购金额超亿港元。其中，腾讯控 股、汇丰控股、友邦保险年内累计回购金额最大，分别获公司回购622.36亿港元、302.57亿港元和 176.93亿港元。 ...

Core Insights - The Fourth Guangdong-Hong Kong-Macao Greater Bay Area Service Trade Conference was held from October 31 to November 2 in Zhuhai, attracting approximately 14,000 attendees and featuring 296 participating companies from 38 countries and regions, a one-third increase from the previous year [1] Mechanism Innovation - The conference established a new operational model characterized by "government guidance, demand orientation, and market operation," shifting service trade from "display and communication" to "practical transactions" [2] - A total of 35 thematic roadshows were organized, attracting 58 well-known investment institutions, highlighting the vitality and effectiveness of market-oriented mechanisms [2] - Eleven major international cooperation projects were signed during the opening ceremony, with a total contract value of 1.105 billion yuan, showcasing the competitiveness of the Greater Bay Area service trade in the international market [2] Technology Empowerment - The conference emphasized the practical application of technology, integrating artificial intelligence with real-world scenarios to facilitate the transition from "technology display" to "commercial landing" [3] - Various AI applications, including multilingual robots and AI simultaneous interpretation, were showcased, enhancing international communication [3] - The event featured a comprehensive display of solutions across the hardware-software-algorithm-scene chain, demonstrating the maturity of commercial applications [3][4] Market Expansion - The conference focused on integrating service trade with emerging market development, aiming to establish a comprehensive channel network connecting Hong Kong, Macao, and Latin America [6] - The event successfully facilitated trade expansion and investment cooperation, achieving significant results in project bidding and market outreach [6] Regional Collaboration - The conference deepened the "one conference, three regions" linkage mechanism, with Hong Kong achieving record-high bidding amounts and Macao hosting 116 targeted negotiations [7] - Various specialized activities were held to build a comprehensive service system covering market access, technical standards, and cross-border compliance [7] - The conference achieved a simultaneous enhancement in scale and cooperation quality, creating a three-dimensional cooperation network that connects global innovation resources [7]

Core Insights - The "Invest in Hainan, Win the Future" promotional event was held in Xiamen to attract businesses to invest in Hainan Free Trade Port [2] - The event coincided with the 10th anniversary of the Xiamen Hainan Chamber of Commerce, aiming to create a platform for efficient and precise business connections [2] Policy and Development - Experts from the Hainan Free Trade Port Talent Development Research Institute provided a systematic overview of the overall policy framework, key industry layout, and development plans [2] - Representatives from various cities and organizations in Hainan showcased regional industrial positioning and advantages, highlighting the unique industries in Hainan [2] Financial Support - The China Bank Hainan Branch offered professional interpretations of financial support policies for the Free Trade Port, providing dual guarantees of "policy + finance" for businesses [2] Networking and Collaboration - The event featured a bustling display and negotiation area where promotional materials were presented, facilitating in-depth one-on-one discussions between representatives and businesses [2] - Multiple cooperation intentions were reached during the event, indicating a vibrant negotiation atmosphere [2] Project Signings - The event resulted in the signing of five projects, including agreements between local governments and companies such as Linmo Cultural Industry Park and Hainan Liancheng Biotechnology Co., Ltd. [4] - Other signed agreements involved partnerships between the Yangpu Economic Development Zone and companies like Xinlai New Energy Co., Ltd. [4] Philanthropic Contributions - The Xiamen Hainan Chamber of Commerce made charitable donations of 200,000 yuan to Hainan Guoxing Middle School and 350,000 yuan to Hainan Normal University to support local education [4]