今日早盘，A股整体低开高走，科技股领涨，科创50盘中放量大涨逾4%，重回1500点之上，创近两个半月新 高，创业板指亦再度站上3300点，上证指数、深证成指、北证50等纷纷强势拉升，市场整体成交呈萎缩趋 势。 盘面上，贵金属、芯片、天津本地股、能源金属等板块涨幅居前，一般零售、酒店餐饮、煤炭、电子商务等 板块跌幅居前。 芯片涨价潮延续 芯片股继续强者恒强，汽车芯片、先进封装、存储芯片、MCU芯片等多个细分板块指数集体创历史新高。龙 芯中科（688047）开盘仅约6分钟垂直20%涨停，江化微则一字涨停，连续第3日封板，电科芯片、华天科技 等多股临近午间收盘直线拉涨停。 存储芯片价格自2025年9月以来持续上涨，其间DDR5内存颗粒现货价格涨幅已超300%，256GB DDR5服务器 内存单条价格突破4万元。进入今年，存储芯片价格有加速上涨的趋势。 美光科技表示，存储芯片的短缺情况在过去一个季度明显加速，并重申由于AI基础设施对高端半导体需求激 增，这一紧缺状况将持续到今年以后。 分品种看，摩根士丹利指出，传统DDR4内存一季度价格涨幅可能达50%；花旗预测，2026年DRAM平均售价 将同比大涨88%。 NAN ...

这一关乎全民养老保障的战略举措，历经多年实践已成效初显，但仍面临规模匹配、收益提升、制度协 同等多重挑战。当前划转工作进展成效如何？备受热议的已"基本完成"的划转总额与国有资产总规 模"不匹配"现象是何成因？"继续划转"蕴含哪些深层内涵？中央与地方应如何差异化推进？证券时报记 者近日专访西南财经大学老龄化与社会保障研究中心副主任丁少群，深度解析国有资本划转社保基金的 进展、难点与"十五五"新路径。 丁少群教授自1990年以来，一直从事保险及风险管理方面研究工作，先后主持或主研有关国家级、省部 级等研究课题20多项。他认为，国有资本划转社保基金尚处"开源"初期阶段。"十五五"时期需深化、优 化并制度化推进，优先激活存量资产提升收益，与养老体系、国资国企改革协同，中央与地方差异化发 力。 成效初显但仍处"开源"起步期 证券时报：您如何看待截至目前国有资本划转社保基金管理的成效？ "十五五"规划建议明确提出"继续划转国有资本充实社保基金"。 丁少群：截至目前，国有资本划转社保基金的总体成效可以概括为"制度框架确立、主体工作完成、长 期机制初成"。 从制度层面看，中央与地方层面均已建立了明确的政策框架、划转路径和承接 ...

Economic Overview - In 2025, Shanghai's GDP reached 56,708.71 billion yuan, with a year-on-year growth of 5.4%, surpassing the national growth rate [1] - Shanghai's economic total ranked fifth among global cities for the first time [1] Industry Performance - The primary industry added value was 99.39 billion yuan, growing by 2.0%; the secondary industry added value was 11,650.62 billion yuan, growing by 3.5%; and the tertiary industry added value was 44,958.70 billion yuan, growing by 6.0% [1] - Industrial added value in Shanghai increased by 5.0%, with total industrial output value growing by 4.6% [1] - Notable growth in specific sectors included transportation equipment manufacturing (15.8%), electrical machinery (11.1%), automotive manufacturing (7.8%), and electronics (7.7%) [1] Leading Industries - The three leading industries in Shanghai—integrated circuits, artificial intelligence, and biomedicine—saw a manufacturing output growth of 9.6%, with integrated circuits growing by 15.1% and artificial intelligence by 13.6% [2] - Strategic emerging industries in Shanghai's industrial sector grew by 6.5%, with new energy industries increasing by 12.9% and high-end equipment industries by 11.1% [2] Service Sector Growth - The tertiary sector's added value grew by 6.0%, with information transmission, software, and IT services increasing by 15.3% and the financial sector by 9.7% [2] Consumer Market - Shanghai's total retail sales of consumer goods reached 16,600.93 billion yuan, with a year-on-year growth of 4.6%, improving by 0.3 percentage points compared to the first three quarters [2] Trade Performance - The total import and export value in Shanghai was 4.51 trillion yuan, growing by 5.6%, with exports at 2.02 trillion yuan (10.8% growth) and imports at 2.49 trillion yuan (1.8% growth) [2] - Exports of "new three samples" products reached 0.16 trillion yuan, growing by 17.4%, with electric vehicle exports increasing by 13.8% [2] Future Development Plans - The "14th Five-Year Plan" suggests that by 2035, Shanghai aims to enhance its five central functions and achieve international leading levels in key development indicators, doubling per capita GDP from 2020 [3] - The plan emphasizes agile development in quantum technology, brain-computer interfaces, controlled nuclear fusion, biomanufacturing, and sixth-generation mobile communications [3] - It also supports the establishment of an international financial asset trading platform and the development of market-oriented merger funds, venture capital funds, and foreign investment funds [3]

电子板块爆发。 A股市场今天（1月21日）上午整体上行，主要指数不同程度上涨，电子板块掀起涨停潮，成为市场主要亮点之一。 港股市场今天上午整体低位震荡。受到相关信息提振，创维集团一度大涨逾40%。 A股电子板块掀涨停潮 A股市场今天上午整体上行，主要指数不同程度上涨。创业板指一度涨超1.5%，科创50指数一度涨超4%。 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | | 000001 | 上证指数 | 4120.10 | 6.45 | 0.16% | | 399001 | 深证成指 | 14263.20 | 107.57 | 0.76% | | 000680 | 科创综指 | 1855.19 | 34.71 | 1.91% | | 881001 | 万得全A | 6797.97 | 39.04 | 0.58% | | 399006 | 创业板指 | 3306.00 | 28.02 | 0.85% | | 899050 | 北证50 | 1527.53 | 9.93 | 0.65% | 从行业板块和赛道来看，若按照申万一级行业划分，电子板块 ...

1月20日晚间，利欧股份公告称，公司就股价波动的相关事项进行了核查。鉴于相关自查工作已完成，公司股票于1月21 日起复牌。 作为"AI应用""GEO营销"等热门概念标的股，利欧股份股价近期一路攀高，自2025年12月31日至2026年1月15日这10个 交易日期间，区间累计涨幅达102.73%。 今日早间，利欧股份（002131）一字跌停。截至发稿，封单数量超1100万手，封单额超100亿元。 ...

责任编辑：周守来 人民财讯1月21日电，港股AI概念股持续活跃，截至发稿，MINIMAX-WP涨超5%，智谱、百度集团、 阿里巴巴等跟涨。 人民财讯1月21日电，港股AI概念股持续活跃，截至发稿，MINIMAX-WP涨超5%，智谱、百度集团、 阿里巴巴等跟涨。 责任编辑：周守来 ...

周二，世界首富马斯克麾下的社交媒体平台X正式将平台算法开源，现已能在Github上访问。马斯克大 约在10天前宣布，会在7天内开源X平台的算法，包括平台决定向用户推荐哪些内容和广告的推荐算 法。后续将每4周更新一次，重点披露发生了哪些变化。周二公布算法后，马斯克表示，"我们知道这个 算法很笨拙"，且需要大幅改变，但用户们至少能实时且透明地看到改进的努力。 ...

Core Viewpoint - The A-share market is experiencing a peak in earnings forecasts, with over 500 companies disclosing their 2025 performance predictions, highlighting strong growth in technology sectors driven by AI, while other sectors like photovoltaics and pig farming face challenges [1][2]. Group 1: Earnings Forecasts - As of January 20, 2025, 525 A-share companies have disclosed earnings forecasts, with around 200 expecting growth and over 100 projecting net profit increases exceeding 100% [2]. - The highest projected net profit increase is from Huisheng Biological, with an expected profit of 235 million to 271 million yuan, representing a year-on-year growth of 1265.93% to 1444.54% [3][4]. Group 2: Sector Performance - The technology sector, particularly "hard technology," is showing strong profitability, driven by the demand for AI infrastructure and data storage, with companies like Baiwei Storage expecting a net profit of 850 million to 1 billion yuan, a growth of 427.19% to 520.22% [6]. - Zijin Mining, a leading mining company, forecasts a net profit of 51 billion to 52 billion yuan, an increase of approximately 189 billion to 199 billion yuan, reflecting a growth rate of 59% to 62% [4][5]. Group 3: Challenges in Certain Industries - The photovoltaic industry is facing significant challenges, with companies like Tongwei Co. predicting a net loss of 9 billion to 10 billion yuan due to market fluctuations and rising raw material prices [8][9]. - In the pig farming sector, companies such as Muyuan Foods and Wens Foodstuffs are forecasting declines in performance, with some expecting losses due to falling pig prices and increased operational costs [9].

今日关注 申购提示：今日1只新股申购。 财政部：2026年财政总体支出力度"只增不减"。 财政部发布多项政策，提高个人消费贷贴息标准，实施民间投资专项担保计划。 2．财政部副部长廖岷在国新办新闻发布会上表示，财政部门将继续实施更加积极的财政政策。概括起 来就是"总量增加、结构更优、效益更好、动能更强"。2026年财政赤字、债务总规模和支出总量将保持 必要水平，确保总体支出力度只增不减。 3．1月20日，财政部官网同时公布五项财政金融协同促内需一揽子政策，分别从加力提振消费、扩大民 间投资两个方面，推动扩大有效需求。 4．财政部副部长廖岷在国新办新闻发布会上表示，本次优化调整个人消费贷款贴息政策，将信用卡账 单分期业务纳入到了贴息范围，取消现有政策当中对一些消费领域的限制。新政策意味着只要是消费贷 款都可以享受贴息。 5．财政部综合司司长李先忠在国新办新闻发布会上表示，近期财政部、税务总局发布公告，明确自 2026年4月1日起取消光伏等产品出口退税，并分两年取消电子产品出口退税。此次出口退税政策调整， 有利于促进资源高效利用，也有利于引导产业结构合理调整，综合整治"内卷式"无序竞争，推动经济高 质量发展。 6． ...

Market Overview - The US stock market experienced a significant decline on January 20, with all three major indices falling sharply. The Dow Jones Industrial Average dropped by 870.74 points, closing at 48,488.59, marking a 1.76% decrease and the largest single-day drop in three months [2][3] - The S&P 500 index fell by 2.06% to 6,796.86 points, while the Nasdaq index saw a decline of 2.39%, closing at 22,954.32 points [2][3] Currency and Bond Market - The US dollar index decreased by approximately 0.8% during the day, ultimately closing down nearly 0.5% [1] - US Treasury yields rose, with the 10-year yield increasing by 6.76 basis points to 4.2906%, and the 30-year yield rising by 7.92 basis points to 4.9158%, reaching the highest levels since early September of the previous year [1] Sector Performance - Major technology stocks experienced significant declines, with Nvidia and Tesla both dropping over 4%. Other notable declines included Apple and Amazon, which fell by more than 3%, while Meta and Google saw declines of over 2% [3][4] - Financial stocks also faced losses, with Citigroup down over 4%, and both JPMorgan and Morgan Stanley declining by more than 3% [4] - Airline stocks mostly fell, with Delta Air Lines and United Airlines both dropping over 4% [5] - Semiconductor stocks were generally down, with the Philadelphia Semiconductor Index falling by 1.68%. However, Intel saw an increase of over 3% [5] International Market Trends - International gold and silver prices continued to rise, reaching new historical highs due to geopolitical tensions [6][7] - COMEX gold futures surpassed $4,770 per ounce, marking a 2% increase, while silver futures approached $96 per ounce before retreating [7]