MACD金叉信号形成，这些股涨势不错！ 责任编辑：郭栩彤 揭秘让大量沉淀资产"活起来"的"投资魔方"，它是如何为投资者带来兼顾安全、收益和流动的投资渠道 呢？一起走进——公募REITs来了！ ...

责任编辑：郭栩彤 关于板块后续可能的催化，龙宇飞认为可关注这几个方面的催化进展：一是整体AI应用领域的催化， 比如今年以来较大的催化其实是基于DeepSeek这种基础模型能力的提升；二是政策端，比如今年底地 方预算中有专项拨款做基础设施建设，或者定价上进一步明确；三是应用端，海内外出现解决问题能力 特别强的应用，比如解决了明确的临床问题或者创新药当中的瓶颈。 在AI医疗的相关细分领域中，龙宇飞指出，首先可重点关注传统医疗信息化企业转型AI，因为这类企 业在医院客户关系和渠道方面优势突出；其次是AI技术驱动的初创公司或上市公司，这类企业往往技 术领先，产品创新力强；再次，还可关注穿透药企/械企布局AI，比如一些CXO公司利用AI赋能研发， 他们的优势是深刻理解行业需求和拥有大量高质量数据。 免责声明：本通讯所载信息来源于本公司认为可靠的渠道和研究员个人判断，但本公司不对其准确性或 完整性提供直接或隐含的声明或保证。此通讯并非对相关证券或市场的完整表述或概括，任何所表达的 意见可能会更改且不另外通知。此通讯不应被接受者作为对其独立判断的替代或投资决策依据。本公司 或本公司的相关机构、雇员或代理人不对任何人使用此全 ...

Core Viewpoint - Alibaba's AI assistant Qianwen App has achieved over 10 million downloads within a week of its public beta, surpassing competitors like ChatGPT, Sora, and DeepSeek, marking it as the fastest-growing AI application in history [3] Group 1: Stock Performance - Alibaba-related stocks, including Shiji Information and Data Port, have seen significant price increases, with both stocks hitting the daily limit up [3] - The Big Data Industry ETF (516700), which focuses on data security, has risen over 3.2% during intraday trading, currently up 2.59% [1] Group 2: AI Investment Opportunities - CITIC Securities highlights the expanding investment opportunities in AI, particularly in the computing power industry chain and AI applications, predicting a potential replication of the long bull market seen in the US stock market since 2023 [3] - The report anticipates a local explosion of opportunities in AI applications, driven by the rapid implementation of AI across various sectors [3] Group 3: Data Security and Technology Independence - The Big Data Industry ETF (516700) passively tracks the CSI Big Data Industry Index, focusing on sectors such as data centers, cloud computing, and big data processing, with key holdings in leading companies like Inspur Information and China Software [3] - Investors interested in technology independence should focus on three catalysts: 1. High-level calls for "technology to take the lead," which may break new ground in new productivity directions 2. The top-level design of Digital China, which aims to activate digital productivity and accelerate the process of domestic substitution 3. The momentum of the Xinchuang wave, with Xinchuang 2.0 expected to accelerate, presenting a broad outlook for technology independence [3]

Group 1 - The core viewpoint of the news highlights the significant growth and investment in the AI and software development sectors, driven by strong demand and technological advancements [3][4]. - The 信创 ETF fund (562030) experienced a rapid increase of 2.49%, with key stocks such as 品高股份 and 三六零 hitting their daily limit [1]. - Nvidia reported record data center revenue of $51.2 billion for Q3 of fiscal year 2026, indicating robust demand for its Blackwell architecture products [3]. Group 2 - Major cloud service providers (CSPs) have increased their capital expenditures, with the top four companies collectively spending over $110 billion in Q3, primarily on data centers and AI infrastructure [4]. - AWS has a backlog of orders exceeding $200 billion, while Azure's growth rate reached 40%, showcasing the strong demand for AI-driven cloud services [4]. - The AI sector is expected to continue driving revenue growth for SaaS companies, with notable increases in revenue for firms like ServiceNow and Palantir [4].

化工板块今日（11月24日）延续回调态势，反映化工板块整体走势的化工ETF（516020）全天低位震 荡，盘中场内价格一度跌超2%，午后跌幅收窄，截至发稿，跌0.39%。 风险提示：化工ETF被动跟踪中证细分化工产业主题指数，该指数基日为2004.12.31，发布于 2012.4.11。指数成份股构成根据该指数编制规则适时调整，其回测历史业绩不预示指数未来表现。文中 提及个股仅为指数成份股客观展示列举，不作为任何个股推荐，不代表基金管理人和基金投资方向。任 何在本文出现的信息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只 作为参考，投资人须对任何自主决定的投资行为负责。另，本文中的任何观点、分析及预测不构成对阅 读者任何形式的投资建议，亦不对因使用本文内容所引发的直接或间接损失负任何责任。投资人应当认 真阅读《基金合同》、《招募说明书》、《基金产品资料概要》等基金法律文件，了解基金的风险收益 特征，选择与自身风险承受能力相适应的产品。基金的过往业绩并不预示其未来表现，基金管理人管理 的其他基金的业绩并不构成基金业绩表现的保证。根据基金管理人的评估，化工ETF风险等级为R3-中 风险， ...

Core Insights - The low-altitude economy is experiencing strong growth, with projections indicating that the market size in China will reach 1.5 trillion yuan by 2025 and is expected to exceed 2 trillion yuan by 2030 [3][4] - Recent government policies are encouraging private investment in low-altitude economic infrastructure, aiming to create a favorable environment for commercial space and satellite communication projects [3][4] - The Huabao General Aviation ETF (159231) is gaining traction, reflecting the positive sentiment in the low-altitude economy and related sectors [1][4] Group 1: Market Performance - Stocks related to the low-altitude economy, such as Morningstar Aviation, Huazhong Technology, and others, have shown significant gains, with some stocks rising over 6% [1] - The Huabao General Aviation ETF has increased by 3.25%, indicating strong market interest and performance [1] Group 2: Government Initiatives - The State Council has issued measures to promote private investment in the low-altitude economy, including optimizing policies for satellite communication and commercial space projects [3] - The Ministry of Industry and Information Technology (MIIT) is actively working on high-quality development tasks for the low-altitude industry, indicating a structured approach to industry growth [3] Group 3: Investment Opportunities - The Huabao General Aviation ETF covers 50 constituent stocks, with over 46% being state-owned enterprises and more than 20% from major military industrial groups, focusing on key areas like low-altitude economy, large aircraft, and commercial aerospace [4] - The ETF is positioned as a strategic tool for investors looking to capitalize on the growth of China's aviation industry, combining domestic demand and military trade [4]

Core Viewpoint - The Sina Finance APP is emerging as a preferred choice for investors by transforming cold data into insightful decision-making tools amidst a market flooded with over 10,000 fund products and more than 300 competing investment apps [1] Group 1: Data Advantage - The Sina Finance APP integrates data from 163 fund companies, covering 98% of market fund products and monitoring over 10,000 funds in real-time [2] - The app boasts a refresh speed of 0.03 seconds, significantly surpassing the industry average, which is crucial for timely investment decisions [2] - During market volatility, the app maintained its millisecond-level updates while competitors experienced delays of 1-2 seconds [3] Group 2: Intelligent Tools - The app utilizes advanced data visualization and AI tools to simplify complex financial data for ordinary investors [4] - The "Xina AI Assistant" received a high score of 9.6 in intelligent tool evaluations, capable of summarizing lengthy reports into concise insights while highlighting risks and opportunities [4] - The intelligent investment feature allows for automatic adjustments in investment amounts based on market conditions, enhancing investment strategies [5] Group 3: Ecosystem Integration - The Sina Finance APP offers a one-stop experience by integrating information and trading functionalities, eliminating the separation between fund value queries and purchases [6] - Through the Kuan Shi Fund platform, users can complete account opening and trading directly within the app [7] - The platform collaborates with 60 fund companies, offering over 3,000 fund products, and provides timely news updates and industry reports [8] Group 4: Personalized Services - The app features a modular workspace that allows users to customize over 200 functional components, tailoring their investment interface [9] - An intelligent alert system monitors 12 types of conditions with an accuracy rate of 98.2%, helping users seize investment opportunities [10] - Exclusive features for HarmonyOS users enhance the overall investment experience with functionalities like lock screen cards and voice broadcasting [10] Conclusion - The Sina Finance APP not only provides daily net value changes but also integrates comprehensive information about fund managers' investment styles and portfolio distributions, enabling users to form a well-rounded understanding of their investments [11]

Group 1 - The core viewpoint of the news highlights the active performance of the big data industry ETF (516700), which saw a price increase of 3.1% in intraday trading on November 24 [1] - Key stocks within the ETF include Shiji Information and Data Port, both of which hit the daily limit up, while Hengwei Technology experienced a decline of 2.3% [1] Group 2 - Nvidia reported a record data center revenue of $51.2 billion for the third quarter of fiscal year 2026, indicating a strong demand for its Blackwell architecture products and a continued acceleration in global computing power demand [3] - Google launched the Gemini 3.0 Pro multimodal model, surpassing mainstream competitors in benchmark tests related to mathematical reasoning and multimodal tasks, along with the introduction of the image generation model Nano Banana Pro, showcasing significant technological advancements [3] - Guojin Securities noted that the computer industry showed weak performance in November due to external pressures from overseas conflicts, AI bubble controversies, and fluctuations in expectations for US interest rate cuts, alongside weak fundamentals and profit-taking by institutions [3] - Open Source Securities emphasized the increasing predictability of AI demand, with opportunities emerging on the software side, and highlighted that major CSP manufacturers are raising capital expenditure guidance, reinforcing the industry's positive outlook [3] Group 3 - The big data industry ETF (516700) passively tracks the CSI Data Index, with its top ten weighted stocks including Zhongke Shuguang, Keda Xunfei, Inspur Information, and others [4]

Core Viewpoint - The Hong Kong stock market is experiencing a strong upward trend, particularly in the technology sector, with significant gains in major stocks and ETFs, indicating positive investor sentiment and potential for future growth [1][3]. Group 1: Market Performance - As of November 24, the Hang Seng Technology Index rose over 2%, and the Hang Seng Index increased nearly 2%, with notable gains from stocks like Kuaishou (up 6%) and Alibaba (up over 5%) [1]. - The Hong Kong Large Cap 30 ETF (520560) saw a price increase of 1.49% and a trading volume exceeding 36 million yuan, reflecting strong market activity and investor interest [1]. - Over the past five days, the Hong Kong Large Cap 30 ETF attracted 29.82 million yuan in net inflows, indicating a bullish outlook on the Hong Kong stock market [3]. Group 2: Technology Sector Insights - Alibaba's AI assistant, Qianwen App, has surpassed 10 million downloads within a week of its public beta, making it the fastest-growing AI application to date, outpacing competitors like ChatGPT [3]. - Analysts believe that advancements in AI models could lead to a commercial breakthrough, accelerating the development of the AI industry [3]. Group 3: Dividend Trends - Major state-owned banks in China are initiating mid-term dividends earlier than in 2024, with a total payout of 204.657 billion yuan from six major banks, accounting for nearly 80% of the total mid-term dividends among listed banks [3]. Group 4: Investment Strategy - The "barbell strategy" is recommended for investors, combining high-growth technology stocks with high-dividend yielding stocks, aligning with current market conditions of policy support and technological advancements [3]. - The Hong Kong Large Cap 30 ETF (520560) is highlighted for its low valuation, with a price-to-earnings ratio of 9.94, indicating a favorable investment opportunity [4][6]. Group 5: ETF Characteristics - The Hong Kong Large Cap 30 ETF offers a diversified exposure to core assets in the Hong Kong stock market, minimizing individual stock selection risks [5]. - It features a "technology + dividend" barbell strategy, providing a balance between growth and defensive positioning [6]. - The ETF is characterized by low valuation metrics, high liquidity, and a flexible trading mechanism, making it suitable for both short-term trading and long-term investment [6].

券商ETF（512000）及其联接基金（联接C：007531）被动跟踪证券公司指数，该指数前十大权重股分 别为东方财富、中信证券、国泰海通、华泰证券、广发证券、招商证券、东方证券、申万宏源、兴业证 券、国信证券。 数据来源于沪深交易所、公开资料等。 风险提示：以上产品由基金管理人发行与管理，代销机构不承担产品的投资、兑付和风险管理责任。投 资人应当认真阅读《基金合同》、《招募说明书》、《基金产品资料概要》等基金法律文件，了解基金 的风险收益特征，选择与自身风险承受能力相适应的产品。基金过往业绩并不预示其未来表现，基金投 资须谨慎！销售机构（包括基金管理人直销机构和其他销售机构）根据相关法律法规对本基金进行风险 评价，投资者应及时关注基金管理人出具的适当性意见，各销售机构关于适当性的意见不必然一致，且 基金销售机构所出具的基金产品风险等级评价结果不得低于基金管理人作出的风险等级评价结果。基金 合同中关于基金风险收益特征与基金风险等级因考虑因素不同而存在差异。投资者应了解基金的风险收 益情况，结合自身投资目的、期限、投资经验及风险承受能力谨慎选择基金产品并自行承担风险。中国 证监会对上述基金的注册，并不表明其对上 ...