January 1, 2026, falls on a Thursday and is a federal holiday in the United States, marking the first of eleven federally recognized holidays each year. On this day, federal government offices, courts, and most federal agencies will be closed, and employees receive a paid day off.Federal offices will resume operations on Friday (January 2, 2026). The next federal holiday in January is Martin Luther King Jr. Day, later in the month.Happy New Year 2026 wishes LIVE updates hereFederal holiday detailsAccording ...

Market Overview - The A-share market experienced fluctuations, with the consumer sector showing strong performance, while the real estate sector rebounded from low levels. External factors, such as the Bank of Japan's interest rate hike, briefly boosted market sentiment, but the gains were not sustained, indicating that external factors can only cause short-term emotional fluctuations without altering the underlying market logic [1][4][14] - The recent market volatility is attributed to the uncertainty surrounding the strength of domestic economic recovery, the time required for policy effects to materialize, and seasonal liquidity pressures as the year-end approaches. Institutional rebalancing for annual performance also contributes to short-term disturbances [1][14] Sector Analysis Consumer Sector - The consumer sector has been active, with significant gains in retail, food and beverage, and other consumer stocks driven by favorable consumption policies. Recent government initiatives aim to stimulate consumption, indicating a structural rally in this sector [7][8][10] Real Estate Sector - The real estate sector has seen a rebound due to the implementation of supportive policies from both central and local governments. The focus on stabilizing the real estate market and addressing local debt risks is expected to improve the sector's fundamentals, providing short-term boosts to the market [10][11] Financial Sector - The financial sector, particularly insurance and brokerage stocks, has shown upward momentum. Recent regulatory adjustments have lowered risk factors for insurance companies, which is expected to enhance their performance. The overall market conditions, including liquidity and economic recovery, are favorable for the financial sector [11][12] Technology Sector - The technology sector, including semiconductor and AI-related industries, remains a focus for investment. The report suggests selecting stocks with strong earnings support while avoiding high-valuation stocks lacking performance backing [2][14] Automotive Sector - The autonomous driving sector has gained attention with the approval of L3 level autonomous driving vehicles for commercial use, marking a significant step towards commercialization in China. This development is expected to drive interest and investment in related stocks [12]

Company Overview - Hope Bancorp (HOPE) shares increased by 5.5% to $11.54 in the last trading session, supported by higher-than-average trading volume [1] - The stock has gained 4.8% over the past four weeks, indicating a positive trend [1] Earnings Expectations - Hope Bancorp is expected to report quarterly earnings of $0.26 per share, reflecting a year-over-year increase of 30% [2] - Projected revenues for the upcoming report are $145 million, which is a 22.9% increase compared to the same quarter last year [2] Market Sentiment - The recent bullish sentiment among investors is attributed to a 25-basis-point interest rate cut and a dovish stance from the Federal Reserve [1] - The consensus EPS estimate for Hope Bancorp has remained unchanged over the last 30 days, suggesting that the stock's price movement may not sustain without earnings estimate revisions [3] Industry Comparison - Hope Bancorp is part of the Zacks Banks - West industry, where First Hawaiian (FHB) also operates [3] - First Hawaiian's stock rose by 3.5% to $26.06, with a 1.2% return over the past month [3] - First Hawaiian's consensus EPS estimate has changed by -0.2% to $0.55, representing a year-over-year increase of 34.2% [4]

来源：新浪证券-红岸工作室 12月11日，中国平安跌0.03%，成交额29.91亿元，换手率0.45%，总市值11322.71亿元。 异动分析 高股息精选+证金持股+互联网保险+独角兽概念 2、公司前十大流通股东中包含中央汇金资产管理有限责任公司或中国证券金融股份有限公司。 3、拥有金融壹账通，向中小银行等金融机构提供电子银行、账户服务、征信、贷款和同业交易等服 务。 4、参股独角兽;旗下拥有陆金所、平安好医生、医保公司、金融一账通等多家独角兽公司,18年5月平安 好医生于中国香港上市;19年3月,旗下陆金所估值394亿美元。 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 资金分析 今日主力净流入-4.11亿，占比0.16%，行业排名5/5，连续3日被主力资金减仓；所属行业主力净流 入-4.85亿，连续3日被主力资金减仓。 区间今日近3日近5日近10日近20日主力净流入-4.44亿-7.34亿6.12亿4.75亿-7.28亿 主力持仓 主力轻度控盘，筹码分布较为分散，主力成交额22.79亿，占总成交额的10.78%。 1、中国平安最近3年的股息率分别为：5.15%，6.03 ...

Core Viewpoint - Westpac Banking Corp's share price is under scrutiny as ASX investors attempt to establish a target valuation for the company, utilizing various valuation methods such as PE ratios and dividend discount models [1][2]. Valuation Methods - The PE ratio is a common method for valuing bank shares, comparing the share price to earnings per share, with a current PE ratio for Westpac at 19.8x, compared to the banking sector average of 18x [3][5]. - A sector-adjusted PE valuation for Westpac, based on its earnings per share of $1.92, results in a valuation of $35.01 [5]. - The Dividend Discount Model (DDM) is another valuation approach, which considers the most recent dividends and assumes they will remain consistent or grow [6][7]. Dividend Valuation - Using the DDM formula, the valuation of Westpac shares is calculated based on last year's dividend payment of $1.66, with a risk rate between 6% and 11%, yielding a valuation range of $34.05 to $48.64 when considering gross dividends [10][11]. - The expected gross dividend payment of $2.30 leads to a higher valuation of $48.64, reflecting the benefits of fully franked dividends [11]. Growth and Risk Rates - Different growth rates (2% to 4%) and risk rates (6% to 11%) yield varying valuations, indicating the sensitivity of the share price to these assumptions [12]. - The analysis emphasizes the importance of understanding net interest margins and regulatory impacts on non-interest income for a comprehensive evaluation of the bank's performance [13]. Management and Culture - An assessment of Westpac's management and corporate culture is crucial, as cultural factors can influence long-term investment decisions [13].

公告显示，股权登记日为2025年12月12日，除权（息）日和现金红利发放日均为2025年12月15日。 即将分红。 农业银行（601288）12月8日晚间发布2025年半年度A股分红派息实施公告称，公司本次利润分配以 3499.83亿股普通股为基数，每股派发2025年中期现金红利人民币0.1195元（含税），共计派发现金红利 约人民币418.23亿元（含税）；其中，A股普通股股份数为3192.44亿股，本次派发A股现金红利共约人 民币381.50亿元（含税）。 | 股份类别 | 股权登记日 | 最后交易日 | 除权(息)日 现金红利发放日 | | --- | --- | --- | --- | | A 股 | 2025/12/12 | | 2025/12/15 2025/12/15 | 同日，工商银行（601398）发布A股2025年半年度分红派息实施公告称，公司本次利润分配以截至分红 派息股权登记日2025年12月12 日的3564.06亿股普通股为基数，每股派发现金股息人民币0.1414元（含 税），本次派发现金股息共计约人民币503.96亿元。其中，A股普通股股份数为2696.12亿股，本次派发 A股现 ...

Group 1 - The report indicates that the A-share market is experiencing a cautious sentiment with insufficient willingness for new capital to enter, leading to accelerated sector rotation and lack of sustainability in trends [3][8] - It emphasizes the importance of two key upcoming events: the Federal Reserve's meeting after December 10, which may influence global liquidity expectations, and an important domestic meeting that will set the tone for China's economic policy for the coming year [3][8] - The report suggests that short-term fluctuations or adjustments do not affect the medium-term positive outlook, recommending a focus on individual stocks rather than indices, and strategies such as balanced allocation and high-low trading [4][9] Group 2 - The coal industry saw significant gains due to strong demand during the heating season and low historical prices for thermal and coking coal, indicating potential for further price increases [7] - The pharmaceutical sector, particularly traditional Chinese medicine and flu-related stocks, showed resilience and is expected to have a rebound due to previous underperformance and ongoing demand driven by an aging population [7][8] - The report advises investors to select stocks with performance support for low-position investments while avoiding high-valuation stocks lacking earnings support [4][9]

Core Points - The article discusses the various channels available for consumer rights protection in China, emphasizing the importance of knowing where to seek help when facing issues such as poor product quality or service discrepancies [1][7]. Group 1: Official Core Channels - The primary channel for consumer rights protection is the national 12315 platform, which is managed by the State Administration for Market Regulation, serving as the most authoritative complaint and reporting channel [1][2]. - Consumers can file complaints through multiple methods, including the official website, mobile app, WeChat mini-program, or by calling the 12315 hotline [1][2]. - The platform has strong authority, covering a wide range of consumer disputes, and follows a standardized processing flow for complaints [2][3]. Group 2: Industry-Specific Channels - Certain industries have dedicated regulatory bodies or industry associations for complaints, which are often more specialized and efficient [3][4]. - For financial disputes, consumers can report issues to the National Financial Supervision Administration by calling 12378 [3]. - The postal service has its own complaint platform for issues like lost or damaged packages, which can be accessed through the State Post Bureau's website or WeChat mini-program [3]. Group 3: Third-Party Social Platforms - Third-party complaint platforms, such as the Black Cat Complaint platform, provide a convenient and effective means of consumer rights protection, leveraging public opinion for added pressure on businesses [4][5]. - The Black Cat platform allows users to submit complaints through various channels and offers a streamlined process that reduces the time required for resolution [5][6]. - The platform enhances transparency and efficiency by providing real-time updates on complaint progress and publicly displaying complaint content, which can amplify the pressure on businesses [6]. Group 4: Constructing a Rights Protection Strategy - Consumers are encouraged to adopt a multi-faceted approach to rights protection, starting with the official 12315 platform as the foundational step [7]. - For industry-specific issues, it is advisable to utilize the corresponding regulatory channels alongside the official platform [7]. - Utilizing social platforms like Black Cat Complaint can expedite the resolution process and apply public pressure on companies [7].

Core Viewpoint - Consumers have multiple effective channels for complaint beyond the official 12315 hotline, which can enhance the success rate of consumer rights protection [12] Group 1: Official Complaint Channels - The National Financial Supervision Administration (12378 hotline) is a specialized complaint channel for banking services, credit card disputes, insurance claims, and financial products, known for its high efficiency and professionalism [2] - The State Post Bureau's complaint website and WeChat mini-program are effective for issues related to lost, damaged, or delayed deliveries, providing strong constraints on courier companies [3] - The Telecommunications User Complaint Handling Center (12300) is a key regulatory channel for telecom service issues, such as package disputes and signal problems [4] Group 2: Third-Party Social Platforms - Third-party complaint platforms like the Black Cat Complaint platform offer convenience and strong public opinion oversight, serving as important supplements to official channels [5] - The Black Cat Complaint platform features multiple access points, an intelligent processing system, a transparent supervision mechanism, and maintains a neutral stance as a public welfare platform [6] Group 3: Other Notable Complaint Channels - The China Consumers Association and local consumer associations are legally established organizations that protect consumer rights through complaint handling and consumer warnings [7] - E-commerce platforms have their own internal complaint mechanisms that respond quickly, especially when evidence is clear [9] - Quality supervision and inspection channels can be approached for product quality issues, particularly concerning safety standards and quality certification [10] Group 4: Choosing the Right Complaint Channel - Consumers should select complaint channels based on the industry, such as using 12378 for financial issues, the postal bureau for delivery problems, and 12300 for telecom issues [11] - The nature of the complaint should also guide the choice, with 12315 for illegal activities and third-party platforms for quick resolutions [11] - Using multiple channels simultaneously can enhance the effectiveness of complaints, such as combining 12315 with the Black Cat platform for a comprehensive approach [11]

Core Viewpoint - Deutsche Bank reported a year-over-year increase in earnings and revenues for Q3 2025, but faced challenges with rising expenses and mixed performance across its business segments [2][3][4]. Financial Performance - Q3 2025 earnings attributable to shareholders were €1.56 billion ($1.82 billion), up 7% year over year [2]. - Profit before tax reached a record €2.4 billion ($2.8 billion), an 8% increase from the previous year, with a 34% increase when excluding prior-year litigation provisions [3]. - Net revenues were €8 billion ($9.4 billion), reflecting a 7.2% year-over-year growth [4]. - Non-interest expenses rose to €5.2 billion ($6 billion), a 9.2% increase from the prior year [4]. - Provision for credit losses decreased to €417 million ($486 million), down 15.5% year over year [4]. Segment Performance - Corporate Bank revenues were €1.8 billion ($2.1 billion), down 1.4% year over year due to declines in Institutional Client Services and Business Banking [5]. - Investment Bank revenues increased to €2.9 billion ($3.5 billion), an 18% rise driven by growth in Fixed Income and Currencies, and Equity Origination & Advisory [5]. - Private Bank revenues were €2.4 billion ($2.8 billion), up 4.1% year over year [6]. - Asset Management revenues rose to €734 million ($855.5 million), an 11.2% increase due to higher performance and transaction fees [6]. - Corporate & Other segment reported revenues of €99 million ($115.4 million), down 36.9% from the prior year [6]. Capital Position - Common Equity Tier 1 (CET1) capital ratio improved to 14.5% as of September 30, 2025, up from 13.8% a year ago [7]. - The leverage ratio remained stable at 4.6% on a fully loaded basis [7]. 2025 Outlook - Deutsche Bank aims for €32 billion in revenues for 2025, aligning with a CAGR target of 5.5-6.5% [9]. - Total costs are expected to be €20 billion, with provisions normalizing to €350-400 million per quarter [9][10]. - The post-tax return on average tangible equity is projected to exceed 10%, with a cost/income ratio below 65% [10]. Market Sentiment - There has been an upward trend in estimates for Deutsche Bank, indicating positive market sentiment [11][13]. - The stock has a Zacks Rank 1 (Strong Buy), suggesting expectations for above-average returns in the coming months [13].