【导读】山西银行新行长、注册资本变更同日获批！ 2月10日，国家金融监督管理总局山西监管局发布两则行政批复，同意山西银行注册资本由258.94亿元增至273.09亿元，同时核准邢毅该行行长的任职资 格。 邢毅任职资格获批 国家金融监督管理总局山西监管局公告显示，核准邢毅山西银行行长的任职资格，要求其严格遵守金融监管总局有关监管规定，自该行政许可决定作出之 日起3个月内到任，并按要求及时报告到任情况。 资料显示，山西银行于2021年4月28日挂牌开业，由山西省政府授权山西省财政厅履行出资人职责，以原大同银行、长治银行、晋城银行、晋中银行、阳 泉市商业银行为基础，是通过新设合并方式设立的省属金融国有企业。 目前，山西银行暂未披露2025年财报数据。财报数据显示，截至2024年末，山西银行资产总额为3590.88亿元，较上年末增长0.84%；2024年，该行实现营 业收入31.68亿元，同比增长0.62%；实现净利润0.51亿元，较2023年同比下降93.89%。 公开资料显示，任凯曾任山西省转型综改办副主任，山西省委政研室（省委改革办、省转型综改办）副主任，山西省发改委党组成员、副主任，吕梁市委 副书记、政法委书 ...

Core Viewpoint - The stock ETF market experienced a net outflow of over 10.26 billion yuan on February 10, with significant movements in various thematic ETFs and broad-based ETFs [2][4][5]. Group 1: Market Overview - On February 10, the three major A-share indices showed mixed results, with the Shanghai Composite Index rising by 0.13%, the Shenzhen Component Index increasing by 0.02%, and the ChiNext Index declining by 0.37% [2]. - The overall market saw a net outflow of 10.26 billion yuan in stock ETFs, including cross-border ETFs [2]. Group 2: ETF Performance - The net inflow for the China Film Index-related ETFs was the highest, reaching 1.339 billion yuan, while the net outflow for the CSI 300 Index-related ETFs was the largest at 2.904 billion yuan [2]. - Over the past five days, the Hang Seng Technology Index-related ETFs saw inflows exceeding 8.5 billion yuan, and the SGE Gold 9999 Index-related ETFs attracted over 6.2 billion yuan [2]. Group 3: Fund Company Insights - E Fund's ETF had a latest scale of 661.58 billion yuan, with an increase of 1.05 billion yuan. The China Internet ETF from E Fund had a scale of 41.921 billion yuan, with a net inflow of 158 million yuan [2]. - Huaxia Fund's Robot ETF and Sci-Tech Semiconductor ETF had significant net inflows of 527 million yuan and 117 million yuan, respectively, with latest scales of 25.818 billion yuan and 8.196 billion yuan [3]. Group 4: Thematic ETF Trends - Popular thematic ETFs such as the Film ETF, Robot ETF, and Satellite ETF saw the highest net inflows, while broad-based ETFs like the CSI 300 ETF and CSI 500 ETF were the biggest losers in terms of net outflows [4][5]. - The Media ETF from GF Fund received the most net inflow, amounting to 460 million yuan, and has seen a year-to-date increase of over 26%, making it one of the top performers in the market [3]. Group 5: Future Market Outlook - The investment focus may shift from January's credit and liquidity performance to macroeconomic and industrial cues as the market enters a relatively quiet period for macro data [6]. - The core assets in the market are currently at historical median valuation levels, suggesting potential for valuation recovery, supported by stable profit expectations and a warming trend in foreign capital inflows [6].

Core Viewpoint - The Chinese government is launching the "Happy Shopping Spring Festival" initiative for 2026, aiming to boost consumer spending during the Spring Festival through various promotional activities and financial support measures [2][3]. Group 1: Government Initiatives - The Ministry of Commerce will collaborate with nine departments to plan the "Happy Shopping Spring Festival" activities, mobilizing numerous national trade associations and local businesses to participate, with a total of 2.05 billion yuan allocated for consumer benefits during the nine-day holiday [3]. - The "National Online New Year Goods Festival" has been initiated, with online retail sales reaching 989.73 billion yuan as of February 8, indicating a strong consumer demand [3]. Group 2: Consumer Benefits - Three major consumer benefit packages have been prepared: 1. Trade-in subsidies with 62.5 billion yuan allocated for local governments to provide consumer subsidies during the holiday [4]. 2. A lottery for invoices in 50 cities, with 10 billion yuan in prizes during the holiday period [4]. 3. Financial support from banks and payment institutions to offer various discounts across travel, dining, and entertainment sectors [4]. Group 3: Cultural and Tourism Activities - The Ministry of Culture and Tourism will introduce 22 themed activities under seven major categories to enhance the festive atmosphere, including cultural events and tourism promotions in over 100 countries [5][6]. - A nationwide cultural and tourism consumption month will be launched, featuring initiatives to promote local performances and community engagement [6]. Group 4: Financial Sector Involvement - The Financial Regulatory Bureau will guide financial institutions to support consumer activities by providing subsidies and enhancing financial services, focusing on cost reduction and improved service delivery [8]. - Financial institutions will be encouraged to develop tailored financial products for new consumption trends, ensuring accessibility and convenience for consumers [8]. Group 5: Media and Entertainment Engagement - The National Radio and Television Administration will promote the "Happy Shopping Spring Festival" through various media initiatives, including special programming and member discounts on streaming platforms [9]. - The administration will also support promotional activities for traditional dining brands through short video campaigns [9]. Group 6: Sports and Outdoor Activities - The General Administration of Sport will release 13 outdoor sports routes for the Spring Festival, promoting physical activities during the holiday [10]. - Various fitness events and community sports activities will be organized to encourage public participation in sports during the festive period [11].

Market Overview - The A-share market showed mixed performance with the Shanghai Composite Index closing at 4137.55 points, up 0.22%, while the Shenzhen Component Index fell by 0.07% and the ChiNext Index dropped by 0.91% [2][3] - A total of 2728 stocks rose, with 53 hitting the daily limit, while 2475 stocks declined. The trading volume for the day was 1.3 trillion yuan, a decrease of 949 billion yuan from the previous trading day [3] Sector Performance - The non-ferrous metals sector rebounded significantly, with tungsten-related stocks experiencing a surge, including companies like Xianglu Tungsten Industry and Zhongtung High-tech [4][5] - The chemical sector also showed strength, driven by price increases, with a report from UBS predicting a new upward cycle for the Chinese chemical industry from 2026 to 2028 [9] Individual Stock Highlights - Baichuan Co. saw its stock price rise sharply, achieving 8 consecutive limit-ups over 11 days, attributed to advancements in its new materials business and rising product prices. The company reported a projected 165% year-on-year increase in negative electrode material shipments by 2025 [9][10] - In the tungsten market, prices have been on the rise, with 65% black tungsten concentrate quoted at 697,000 yuan per ton, an increase of 7,000 yuan from the previous day [7] Media and Entertainment Sector - The media and entertainment sector faced a significant downturn, with major stocks like Huayi Brothers and Wanda Film dropping over 10%. This decline follows a previous surge driven by expectations of increased box office revenues during the Spring Festival [10][11][12]

Group 1 - BlackRock China predicts a "slow bull" market for Chinese assets in 2026, supported by fundamental and policy resonance, with conditions such as liquidity and profit improvement necessary for the bull market's continuation [1][2] - The global investment landscape in 2026 will be driven by the AI wave, with the U.S. economy showing resilience and a shift from consumption-led growth to a balance of AI investment and consumption [1][2] - The Chinese economy is expected to maintain a significant global position, with strong export performance as a key growth driver and an improved environment for the Hong Kong stock market [2] Group 2 - Dynamic asset allocation is essential in the current high-volatility market, with active rebalancing strategies showing better long-term results than static approaches [2][3] - The 2025 performance of the CSI 300 index saw an increase of nearly 18%, driven by valuation expansion, indicating a sentiment-driven bull market [2][3] - Four conditions are necessary for the continuation of the bull market: ample liquidity, a transition to profit realization in the stock market, supportive policy measures, and a reduction in geopolitical risks [2] Group 3 - The negative correlation between traditional asset classes, particularly stocks and bonds, is weakening, necessitating a focus on expected returns and risk trade-offs [3] - ETFs are highlighted as a flexible investment tool suitable for capturing structural opportunities in the A-share market, reflecting a trend towards more sophisticated investment products [3][4] - The bond market is expected to exhibit "corridor-style" fluctuations, with limited volatility due to ongoing economic recovery and supportive monetary policy [3][5] Group 4 - Approximately 50 trillion yuan in deposits are set to mature this year, with expectations that some will flow into the capital markets, potentially influencing asset prices [4] - The Chinese bond ETF market, currently at 830 billion yuan, has significant growth potential compared to the total bond market size of nearly 200 trillion yuan, indicating room for innovation in bond strategies [5] Group 5 - Gold is expected to maintain its long-term hedging value due to factors such as global central bank purchases, potential dollar weakness, and persistent geopolitical uncertainties [5][6] - The investment landscape is shifting towards themes of financial stability, energy, technology, and national defense, with commodities closely linked to these themes [6] Group 6 - The trend in global pension investments is moving from defined benefit (DB) plans to defined contribution (DC) plans, reflecting the need for individuals to take on more retirement responsibility [7] - BlackRock aims to localize overseas strategies for the Chinese market, focusing on adapting investment approaches to align with local risk preferences and improving client investment behavior [7]

【导读】A股主要指数走势分化；玻璃纤维概念股大爆发，中国巨石直线封板；影视股盘初跳水，通信板块走低 2月11日，A股主要指数早间小幅低开，随后走势分化。截至发稿，上证指数率先翻红，深证成指、科创综指、创业板指飘 绿。 建筑材料板块直线拉升小金属走强 2月11日，建筑材料板块盘初走高，玻璃纤维方向大爆发。国际复材迅速拉出20cm涨停，宏和科技、中材科技、九鼎新材、 山东玻纤等多股涨停。 | 序号 代码 | 名称 | 现价 涨跌幅 ▼ | | --- | --- | --- | | 1 | 301526 国际复材 | 1.97 20.04% 11.80 | | വ | 300196 长海股份 | 19.73 2.17 12.36% | | က | 603256 | 66.61 6.06 10.01% | | ব | 603601 再升科技 | 12.10 1.10 10.00% | | ഗ | 002080 中材科技 45.34 4.12 10.00% | | | 6 | 600176 中国巨石 | 25.65 2.33 9.99% | | 7 - 1 | 002201 九鼎新材 | 14.22 1.29 9.9 ...

【导读】A股主要指数走势分化；玻璃纤维概念股大爆发，中国巨石直线封板；影视股盘初跳水，通信板块走低 中国基金报记者 晨曦 大家好！一起来关注最新的市场行情和资讯～ 2月11日，A股主要指数早间小幅低开，随后走势分化。截至发稿，上证指数率先翻红，深证成指、科创综指、创业板指飘绿。 | Wind热门概念指数 | | | | | --- | --- | --- | --- | | 玻璃纤维 10.22% | 覆铜板 3.44% | 稀有金属 3.24% | 小金属 2.90% | | 锂电电解液 2.65% | 钻矿 2.55% | 镇矿 2.15% | 稀土 2.06% | | 化学纤维 1.94% | 锂矿 1.82% | GPU -1.18% | 光芯片 -1.54% | | 文化传媒主题 | 旅游出行 | 虚拟人 | 谷子经济 | | -1.58% | -1.61% | -1.80% | -1.83% | | 拼多多合作商 | 小红书平台 | 短剧游戏 | 光模块(CPO) | | -1.94% | -2.25% | -2.23% | -2.31% | 建筑材料板块直线拉升 小金属走强 上证指数(SH:00 ...

【导读】3年定存利率最高达1.8%！春节将至，各家银行开展"压岁钱"专属服务中国基金报记者 马嘉昕 新春佳节，是小朋友们最开心收"压岁钱"的时刻。多家银行紧随节日步伐，推出针对儿童和青少年群体 的专属账户、"压岁钱"储蓄计划等创新金融服务，并在相关存款利率上给予一定"优惠"。 多家银行瞄准"压岁钱"开展专属服务 2月10日，记者在招商银行手机银行App上看到，该行在春节期间针对"压岁钱"在"热门活动"界面推出了 专属直达路径，还有多款亲子账户、专属存款服务等。 招商银行宣传页面显示，该行上线了"金小葵"管家服务，为客户提供亲子账户，并包含"宝贝银行卡管 理"和"家长教育专项账户"两大功能，可帮助孩子管理银行卡，在家长名下为子女创建专属账户，实现 专款专用。同时，为了吸引客户参与，在1月至3月期间，金卡M1及以上客户只要在专属账户存款5万 元，就有机会抽奖。同时，在存款利率方面，该行一年期存款年化利率为1.3%，两年期存款利率为 1.4%，存款利率均较普通存款利率有一定提升。 值得注意的是，在招商银行推出的"金小葵"管家服务中，"压岁钱"的规划方向不仅有儿童黄金系列产 品，还有3年期利率存款产品以及教育金和婚嫁 ...

新春佳节，是小朋友们最开心收"压岁钱"的时刻。多家银行紧随节日步伐，推出针对儿童和青少年群体的专属账户、"压岁 钱"储蓄计划等创新金融服务，并在相关存款利率上给予一定"优惠"。 多家银行瞄准"压岁钱"开展专属服务 中国基金报记者马嘉昕 2月10日，记者在招商银行手机银行App上看到，该行在春节期间针对"压岁钱"在"热门活动"界面推出了专属直达路径，还有多 款亲子账户、专属存款服务等。 【导读】3年定存利率最高达1.8%！春节将至，各家银行开展"压岁钱"专属服务 从传统"揽储"向深化客户服务体验转型 记者观察到，近年来，各家银行不断加大对"压岁钱"揽储的营销力度，模式也从单一的"储蓄吸储"向构建"账户+教育+陪伴"的 全周期儿童金融服务体系转型，在专属产品的营销设计上更为贴合客户需求，并且以差异化的创新服务方式增强客户黏性。 招商银行宣传页面显示，该行上线了"金小葵"管家服务，为客户提供亲子账户，并包含"宝贝银行卡管理"和"家长教育专项账 户"两大功能，可帮助孩子管理银行卡，在家长名下为子女创建专属账户，实现专款专用。 同时，为了吸引客户参与，在1月至3月期间，金卡M1及以上客户只要在专属账户存款5万元，就有机 ...

Group 1 - The account of the financial influencer "Love to Invest Little Sheep" on Douyin has been banned, causing widespread attention in the investment community [1][2] - The influencer clarified that the banned account was not his, but a mimic account, while his own account was set to private [1] - The ban is linked to violations related to promoting funds without proper qualifications, where a fund company collaborated with unqualified internet influencers to market their products [3] Group 2 - The fund company involved, referred to as D Fund Company, was found to have engaged in misleading marketing practices that did not adequately disclose risks to investors [3] - Regulatory measures have been taken against D Fund Company, including a directive to correct its practices and a suspension of public fund product registrations [3] - The influencer had previously attracted a large following through humorous and engaging content, and had publicly disclosed his investment in D Fund Company's product, totaling 3.087 million yuan [4]