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石油新闻：中国4110亿美元的刺激计划将推动石油需求和价格增长。原油价格上涨，因为中国4110亿美元的刺激计划提振了2025年的需求预期。

Oil News: China's $411B Stimulus to Drive Oil Demand and Price Growth.Crude oil prices rise as China's $411B stimulus announcement fuels demand expectations for 2025.

中国4110亿美元的债券提振会提振全球经济增长还是引发新的贸易紧张局势？。中国将在2025年发行4110亿美元债券以促进经济增长。亚洲股市上涨，但美国国债收益率可能攀升。

Will China's $411B Bond Boost Lift Global Growth or Trigger New Trade Tensions?.China to issue $411B bonds in 2025 to boost growth. Asian equities rise, but U.S. yields may climb.

上证综指飙升42点，涨幅1.3%，收于3394点，而深证综指飙升1.3%，收于10671点，在北京加大财政支持力度以重振疲软的经济后，停止了前一交易日的下跌。中国当局已同意明年发行3万亿元人民币（4110.4亿美元）的特别国债，这将是有史以来支持经济增长的最高水平。中国官方媒体《环球时报》的一篇报道加剧了乐观情绪，该报道称，外国机构对2025年中国资本市场持积极态度，预计经济将逐步稳定。受大型科技股和半导体股强劲表现的支撑，该指数触及近两周高点，追随华尔街隔夜强劲上涨。表现最好的是湖北万润新能源科技（14.3%）、ASR微电子（12.4%）、吉林联合聚合物（11.9%）、南京华迈科技（10.0%）和新亚强硅化学（10.0%。

The Shanghai Composite surged 42 points, or 1.3%, to close at 3,394, while the Shenzhen Component soared 1.3% to 10,671, halting losses from the previous session, after Beijing ramped up fiscal support to revive a faltering economy. Chinese authorities have agreed to issue CNY 3 trillion (USD 411.04 billion) in special treasury bonds next year, which would be the highest on record to support economic growth. Adding to the bullish mood was a report from Chinese state media, Global Times, stating that foreign institutions maintain a positive outlook on China's capital market for 2025, anticipating gradual economic stabilization. The indices hit a near two-week high, tracking strong gains on Wall Street overnight, supported by robust performances from big tech and semiconductor stocks. Among the top performers were Hubei Wanrun New Energy Tech (14.3%), ASR Microelectronics (12.4%), Jilin Joinature Polymer (11.9%), Nanjing Huamai Tech (10.0%), and Xinyaqiang Silicon Chemistry (10.0%).

周二，恒生指数飙升215点，涨幅1.1%，收于20098点，在各行业稳步上涨的情况下，连续第二个交易日达到一周多来的最高点。据报道，中国计划在2025年发行创纪录的3万亿元人民币特别国债以促进经济复苏，投资者纷纷涌向风险较高的资产。从这些债券中筹集的资金将用于消费补贴、商业设备升级以及对关键技术和先进制造业的投资。周一，华尔街的积极领先也提振了市场情绪，同时有报道称美国当选总统特朗普反对TikTok离开美国。与此同时，一家中国官方媒体表示，外国机构对2025年中国股市持乐观态度，预计经济将逐步稳定。表现突出的包括东方海外（7.3%）、比亚迪电子国际（5.7%）、SITC国际（5.0%）和Miniso集团（4.7%）。经过两天的圣诞假期后，市场将于周五恢复交易。

The Hang Seng soared 215 points or 1.1% to end at 20,098 on Tuesday, up for the second session to reach its highest in over a week amid solid gains across sectors. Investors flocked to riskier assets after China reportedly plans to sell a record CNY 3 trillion of special treasury bonds in 2025 to boost an economic upturn. Funds raised from the bonds will be used for consumption subsidies, business equipment upgrades, and investments in key tech and advanced manufacturing. A positive lead from Wall Street Monday also boosted sentiment, along with reports of US President-elect Trump opposing TikTok's departure from the US. Meanwhile, a Chinese state media outlet said that foreign institutions hold a positive outlook for China's stocks in 2025, anticipating a gradual stabilization of the economy. Notable performers included Orient Overseas (7.3%), BYD Electronic Intl. (5.7%), SITC Intl. (5.0%), and Miniso Group (4.7%). Markets will resume trading Friday after a two-day Christmas break.