Group 1 - The Ministry of Finance and the State Taxation Administration announced the cancellation of VAT export tax rebates for photovoltaic products starting April 1, 2026, and for battery products starting January 1, 2027 [1][2] - From April 1, 2026, to December 31, 2026, the VAT export rebate rate for battery products will be reduced from 9% to 6% [2] Group 2 - The "anti-involution" trend in the photovoltaic industry has led to a recovery in industry valuations, with upstream prices returning to reasonable levels and mid-to-downstream prices showing an upward trend [4] - Investment opportunities are identified in three areas: price elasticity opportunities, new technology advancements, and the commercialization of perovskite solar cells [4] - The space photovoltaic sector is gaining attention, with plans for deploying solar energy satellites, which could significantly enhance energy supply for space applications [4][5] - The potential market size for space photovoltaics is estimated at approximately 80 billion yuan, driven by the demand for energy in satellite communication and emerging applications [6]

Core Viewpoint - The launch of Lianrui Convertible Bond marks the first new bond issuance in the convertible bond market for 2026, indicating a growing interest and expectation for future issuances in the market [1][3]. Group 1: Lianrui Convertible Bond Details - Lianrui Convertible Bond has a total issuance amount of 695 million yuan, with funds allocated for high-performance substrate materials projects and working capital [2]. - The issuer, Lianrui New Materials, is a leading company in inorganic non-metallic powder materials, benefiting from the demand for AI computing power and domestic substitution [3]. - The bond attracted 9.2173 million investors, setting a record for subscription numbers since October 2023, with a low winning rate of 0.0009% [3]. Group 2: Market Trends and Issuance - The pace of convertible bond issuance is accelerating, with 35 companies having announced plans for issuance since October 2025, totaling 37.247 billion yuan [4]. - The total planned issuance from companies that have received approval since November 2025 amounts to 10.249 billion yuan [4]. - The convertible bond market is expected to see a significant increase in issuance volume in 2026, potentially reaching 60 billion yuan if the growth rate remains consistent with 2025 [6]. Group 3: Market Supply and Demand Dynamics - Despite the increase in issuance pace, the market still faces a supply-demand imbalance, with 411 existing convertible bonds totaling 556.015 billion yuan as of January 9 [7]. - The demand for convertible bonds remains strong, driven by their attractive risk-return profile, especially in a volatile stock market [8]. - The exit of convertible bonds through forced redemption is expected to continue, with a significant number of bonds maturing in 2026, which may exacerbate the supply-demand imbalance [8].

2024年以来，稀土精矿交易价格持续上调。 商务部新闻发言人何咏前2025年12月25日在商务部例行新闻发布会上回答有关稀土磁体出口的有关提问 时说，中方积极促进、便利合规贸易。 据了解，稀土是17种元素的总称，是不可再生的战略资源。根据其物理化学性质及分布情况，可分为轻 稀土和中重稀土两大类。轻稀土储量较丰富且分布广泛，而中重稀土更为稀罕且分布不均，大部分集中 在中国。离子型稀土(重稀土)主要分布在江西、福建、广东、云南等地，占全球重稀土储量的80%以 上。 今日(1月9日)，包钢股份（600010）与北方稀土（600111）双双发布公告称，上调2026年第一季度稀土 精矿关联交易价格。 包钢股份发布公告称，根据公司2022年年度股东大会审议通过的稀土精矿价格调整机制及计算公式，拟 将2026年第一季度稀土精矿关联交易价格调整为不含税26834元/吨(干量，REO=50%)。REO每增减 1%，不含税价格增减536.68元/吨。 同日，北方稀土发布公告称，根据稀土精矿定价方法及2025年第四季度稀土氧化物价格，经测算并经公 司2026年第1次总经理办公会审议通过，2026年第一季度稀土精矿交易价格调整为不含 ...

Market Overview - The A-share market experienced an overall increase on January 9, with the Shanghai Composite Index closing at 4120.43 points, up 0.92%, the Shenzhen Component Index at 14120.15 points, up 1.15%, and the ChiNext Index at 3327.81 points, up 0.77% [1]. Capital Flow - The A-share market saw a net outflow of 29.804 billion yuan in main funds throughout the day, with a net outflow of 16.463 billion yuan at the opening and a net inflow of 1.02 million yuan at the close [2][3]. - The CSI 300 index recorded a net outflow of 4.635 billion yuan, while the ChiNext saw a net outflow of 8.618 billion yuan and the STAR Market a net outflow of 5.118 billion yuan [4][5]. Sector Performance - Among the 13 sectors tracked, the computer industry led with a net inflow of 20.706 billion yuan, followed by media with 14.4 billion yuan and non-ferrous metals with 12.166 billion yuan [6][7]. - The sectors with the highest net outflows included electric power equipment at -9.133 billion yuan, banking at -5.673 billion yuan, and basic chemicals at -4.191 billion yuan [7]. Notable Stocks - Liou Co. saw the highest net inflow of main funds at 1.790 billion yuan [8]. - The top stocks with institutional net purchases included Zhenlei Technology, Qianzhao Optoelectronics, and Leike Defense, while Jin Feng Technology experienced significant net selling [10][11]. Institutional Focus - Recent institutional interest has been noted in several stocks, with ratings and target prices provided for companies such as Honglu Steel Structure, Sinopec, and Keda Li, indicating potential upside [13].

杭萧钢构(600477)今日涨停，全天换手率1.14%，成交额9705.56万元。龙虎榜数据显示，营业部席位合 计净买入2422.01万元。 上交所公开信息显示，当日该股因日涨幅偏离值达9.17%上榜，营业部席位合计净买入2422.01万元。 具体来看，今日上榜营业部中，第一大买入营业部为东亚前海证券有限责任公司深圳分公司，买入金额 为1429.74万元，第一大卖出营业部为五矿证券有限公司杭州民心路证券营业部，卖出金额为723.60万 元。 买二 华源证券股份有限公司江苏分公司 1033.49 买三 东亚前海证券有限责任公司浙江分公司 697.36 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交6149.02万元，其中，买入成交额为 4285.51万元，卖出成交额为1863.50万元，合计净买入2422.01万元。 资金流向方面，今日该股主力资金净流入5002.07万元，其中，特大单净流入6674.18万元，大单资金净 流出1672.11万元。近5日主力资金净流入1.42亿元。 融资融券数据显示，该股最新(1月8日)两融余额为2.55亿元，其中，融资余额为2.53亿元，融券余额为 146.50万元。 ...

本周主力资金净流出光模块和商业航天概念股。 今日（1月9日），A股全天震荡走强。截至收盘，上证指数涨0.92%，日K线16连阳，站上4100点关 口，最新报4120.43点。深证成指涨1.15%，创业板指涨0.77%。市场全天成交31523.68亿元，较昨日大 幅放量3260.66亿元。 | 行情 | 资金净流入 | 涨跌分布 | | --- | --- | --- | | 上证指数 | 深证成指 | 科创综指 | | 4120.43 | 14120.15 | 1803.40 | | +37.45 +0.92% +160.67 +1.15% +36.83 +2.09% | | | | 万得全A | 创业板指 | 北证50 | | 6737.75 | 3327.81 | 1524.26 | | +78.53 +1.18% +25.51 +0.77% +15.89 +1.05% | | | | 沪深300 | 中证500 | 中证A500 | | 4758.92 | 8056.69 | 5881.95 | | +21.27 +0.45% +162.14 +2.05% +51.38 +0.88% | | | | 中 ...

近日，国务院反垄断反不正当竞争委员会办公室对外卖平台服务行业市场竞争状况开展调查、评估。对 此，国务院反垄断反不正当竞争委员会办公室有关负责同志答记者问。 本次调查评估是委员会办公室表达竞争关注、评估垄断风险、规范市场秩序的重要举措，将通过现场核 实、当面访谈、问卷调查等方式，深入了解外卖平台竞争行为，广泛听取平台内经营者、新就业群体、 消费者等各方意见，全面调查市场竞争状况，组织开展分析论证，传导监管压力，提出处置措施。外卖 平台要积极配合市场调查、评估工作，严格落实反垄断合规主体责任，有效防范化解垄断风险，公平参 与市场竞争，促进外卖平台服务行业创新和健康发展。 来源：央视新闻 问：请介绍一下国务院反垄断反不正当竞争委员会办公室宣布对外卖平台服务行业开展市场竞争状况调 查评估的相关背景和主要考虑？ 答：党中央、国务院高度重视平台经济创新和健康发展。外卖平台服务行业作为我国平台经济的重要组 成部分，在促进消费、扩大就业、推动创新等方面发挥了重要作用。但近段时间以来，外卖平台服务行 业拼补贴、拼价格、控流量等问题突出，挤压实体经济，加剧行业"内卷式"竞争，社会各方面反映强 烈。为推动外卖平台依法合规经营、公平 ...

Core Viewpoint - On January 9, southbound funds recorded a total transaction amount of 111.39 billion HKD, with a net buy of 6.815 billion HKD [1] Group 1: Southbound Fund Transaction Overview - The Hang Seng Index rose by 0.32% on January 9 [1] - Total buying transactions amounted to 59.102 billion HKD, while selling transactions were 52.287 billion HKD, leading to a total transaction volume of 111.389 billion HKD [1] - Breakdown of transactions shows that under the Stock Connect (Shanghai), buying was 34.372 billion HKD and selling was 32.712 billion HKD, resulting in a net buy of 1.660 billion HKD [1] - Under the Stock Connect (Shenzhen), buying was 24.730 billion HKD and selling was 19.575 billion HKD, resulting in a net buy of 5.155 billion HKD [1]

具体来看，今日上榜的营业部中，共有2家机构专用席位现身，即卖二、卖四，合计买入金额3936.46万 元，卖出金额5.16亿元，合计净卖出4.77亿元，深股通为第三大买入营业部及第一大卖出营业部，买入 金额为3.27亿元，卖出金额为4.38亿元，合计净卖出1.11亿元。 近半年该股累计上榜龙虎榜8次，上榜次日股价平均涨4.11%，上榜后5日平均涨13.43%。 金风科技今日涨停，全天换手率16.74%，成交额178.93亿元，振幅3.90%。龙虎榜数据显示，机构净卖 出4.77亿元，深股通净卖出1.11亿元，营业部席位合计净买入10.54亿元。 深交所公开信息显示，当日该股因日涨幅偏离值达8.66%上榜，机构专用席位净卖出4.77亿元，深股通 净卖出1.11亿元。 资金流向方面，今日该股主力资金净流出3.35亿元，其中，特大单净流入7.23亿元，大单资金净流出 10.58亿元。近5日主力资金净流出19.66亿元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交31.95亿元，其中，买入成交额为18.31亿 元，卖出成交额为13.65亿元，合计净买入4.66亿元。 融资融券数据显示，该股最新(1月8日) ...

国家医保局会同财政部1月9日发布《关于做好职工基本医疗保险个人账户跨省共济工作的通知》，进一 步优化个人账户共济政策，打破地域限制，强化家庭互助功能，将职工基本医疗保险个人账户共济范围 从省内拓展至全国。 通知明确，跨省共济的适用对象范围为职工基本医疗保险参保人的近亲属。共济关系可由双方自愿建立 或解除，参保人医保关系变动时该关系自动解除，且一人可与多人互建共济关系。 共济资金可用于支付被共济人就医购药的个人负担费用、居民医保及长期护理保险个人缴费。在共济额 度内，共济人不能再使用该额度的个人账户资金。关系解除后未使用额度返还共济人账户。 医保个人账户跨省共济 怎么用？有哪些利好？解读来了 国家医保局会同财政部近日印发《国家医保局财政部关于做好职工基本医疗保险个人账户跨省共济工作 的通知》。国家医保局有关负责人对此进行了解读。 为什么要出台《通知》？ 中央相关文件提出要健全职工医保个人账户的共济使用功能。前期，国家医保局指导各省开展职工基本 医疗保险个人账户省内共济已彰显成效，5年来累计共济超7.8亿人次，金额超1000亿元。同时，指导试 点省市探索开展跨省共济，337个统筹地区开通医保钱包并实现跨省共济。 ...