宏源证券 屈由厂宏源ETF实惠尺层 元 以赛促学,玩转ETF投资 报名开始 比赛开始 报名结束 比赛结束 6月18日 8月29日 9月5日 6月12日 赛事背景 2024年资本市场迎来政策红利,ETF凭借分散风险、 易便捷等优势,成为投资者重要选择。 值此机遇, 申万宏源证券携手多家基金公司正式启动第 三届ETF实盘大赛,打造专业实战平台,助力投资者提升 配置能力。新手可学习成长,老手能切磋技艺,共同把握 市场机遇,力争共享投资红利。 主办方 t 春密 助 的 门星动 5大赛事亮点 亮点1 老牌券商底蕴,专业ETF服务 申万宏源证券作为国内历史悠久的综合性券商,凭借深厚的市 场积淀和专业的投研能力,为投资者提供全市场ETF交易支 持。本次大赛支持沪深市场所有场内ETF品种(货币ETF除 外），助力投资者把握不同市场机会。 直占7 公司专业投资顾问每周带来最新的点评资讯,解读市场热点, 让你的每笔交易都有专业智囊的支持! 站式ETF投教专区 为了帮助ETF投资者迅速补充知识"电量",本次大赛专设【大 咖论市】、【大赛专区投教视频】、【ETF理财课堂】等模 块,一站式帮助投资者了解投教知识。 亮点3 互动有礼、边 ...

今年以来，港股创新药方向受到投资者们的普遍关注。事实上，医药行业本身具有浓厚的科技属性，创 新药赛道更是如此，与此同时，医药行业也是目前AI应用场景落地较多的一个领域。AI+创新药，更进一步增 添了行业的科技含量。 那么，从长期逻辑来看，当前创新药行情能否持续呢？ 顶层设计释放行业动能 2025年政府工作报告明确提出， 要健全药品价格形成机制，设立创新药目录 ，进一步支持创新药发展。 这也是"创新药目录"首次被正式写入政府文件，具有重要的战略意义。传统定义中，创新药通常指那些基于新 靶点、新机制、新结构或新技术研发而成，并拥有自主知识产权的药物。由于其显著的临床创新性，这类药物 能够有效应对尚未满足的医疗需求。如果创新药目录真正落地，将从制度上明确创新药与普通药的差异，实现 资源和政策的精准聚焦。 与此同时，2024年7月国常会审议通过的《全链条支持创新药发展实施方案》也为创新药行业的突破指明 了方向。这一方案提出要从创新药研发初期的投入、注册审批的效率优化，到上市后的平台挂网、医保定价、 多元支付机制，再到医院准入和临床使用等各个环节提供全方位扶持。这一系列政策将切实解决制约创新药发 展的难点，推动其加速走 ...

Market Overview - A-shares have resumed an upward trend after a period of consolidation, with the Shanghai Composite Index breaking through March highs and reaching new recent closing highs [1] - The market sentiment regarding trade conflicts has eased, and the geopolitical situation in the Middle East is viewed as a short-term emotional impact [1] - The low interest rate environment and rising risk appetite are supporting the A-share market's return to a slow upward trajectory [1] Sector Analysis - The innovation drug and banking sectors, which were previously popular, have resumed their upward trends after short-term adjustments [2] - The TMT and advanced manufacturing sectors are experiencing rebounds, indicating a high-low switch among sectors as the market remains event-driven [2] - Consumer expansion and domestic demand are key tasks for 2025, with expectations for policy support in sectors like dairy products, IP consumption, leisure tourism, and medical aesthetics [2] - The trend of robot localization and integration into daily life is expected to continue, with opportunities arising in sensors, controllers, and dexterous hands [2] - The semiconductor industry is moving towards localization, with a focus on semiconductor equipment, wafer manufacturing, materials, and IC design [2] - The military industry is anticipated to see a rebound in orders by 2025, with signs of recovery in various sub-sectors [2] - The innovation drug sector is expected to reach a turning point in fundamentals by 2025, following a period of adjustment [2] Trading Activity - A-shares experienced some intraday fluctuations but maintained an upward trend, with trading volume remaining stable and no signs of panic selling [3] - Leading sectors included pharmaceuticals, banking, non-ferrous metals, public utilities, and building materials, while sectors like computers, retail, communications, and power equipment saw declines [3]

本期债券的成功发行为临港投控集团做大做强主责主业引入了金融活水，申万宏源证券 将紧密围绕临港新片区的战略定位和发展需求，助力临港投控集团充分发挥产业投资、 城市运营、数字城市建设等方面的关键作用，为临港新片区新一轮开放发展做出更大贡 献。 近日，申万宏源证券作为分销商，助力 "上海临港新片区投资控股（集团）有限公司 2025 年非公开发行可续期公司债券（第一期）"成功发行，本期债券发行规模合计 20 亿元，品种一期限为 3+N 年，票面利率 2.35 % ；品种二期限为 5+N 年，票面利率 2.60 % 。 中国（上海）自由贸易试验区临港新片区是习近平总书记亲自谋划、亲自部署、亲自推 动的重大国家战略。临港投控集团作为上海自贸区临港新片区的开发建设主体和综合运 营商，承担保障房建设及销售等任务，并参与自贸临港新片区新兴产业的股权直投和基 金投资，已形成房产销售、物业租赁和管理、基金投资管理、公共交通运输和公用事业 电力五大业务板块。 本内容最终解释权归申万宏源证券有限公司所有。 免责 声 明 ...

以下文章来源于申万宏源证券上海分公司 ，作者李金玲 申万宏源证券上海分公司 . 申万宏源证券上海分公司官微，能为您提供账户开立、软件下载、研究所及投顾资讯等综合服务，为您 的财富保驾护航。 数据速看： 2. 融资融券数据： 当前市场融资融券余额为18384.93亿元，较上期上升0.94%，其中融资 余额18265.53亿元，融券余额119.40亿元。本期两融日均交易额为1185.69亿元，较上期上 升9.77%，其中融资日均净买入1180.65亿元，较两周前上升9.79%，融券日均净卖出5.04 亿元，较上期上升5.54%。近两周融资净买入前三的行业分别为计算机、银行和非银金融； 融券净卖出前三的行业分别为非银金融、银行和石油石化。 3. 涨跌情况： 近两周全市场上涨家数高于下跌家数，近两周涨幅前三的行业为通信、计算机 和电子，跌幅前三的行业为美容护理、石油石化和医药生物。 4. 强弱分析： 近两周全部A股强弱分析得分为5.97，沪深300强弱分析得分5.83，创业板强 弱分析得分6.28，科创板强弱分析得分6.40，处于中性区间。 测量结果：健康 诊断说明： 本周上证综指向上突破3月高点，但当下行情距牛市启 ...

首先，外部环境边际改善，国内市场风险偏好继续回升。近期国际局势有所好转，外部环境开始边 际改善。美联储降息预期较之前有所上升，推动全球资本市场总体反弹。国内市场风险偏好同样明显回 升，沪指上周创出年内新高，深圳成分指数亦有所反弹。展望后期，国内经济数据和上市公司的中报将 成为影响行情的重要影响因素，投资者宜根据最新信息，相机抉择。 风险提示：国际贸易、地缘冲突超出预期；上市公司业绩增速回落超预期；全球经济衰退超预期。 其次，两市震荡，成交略降。周一，两市小幅低开后，逐级向上反弹，沪指收盘于全天高点附近， 并收回五天均线。深圳成指继续反弹，近期表现强于沪市。两市量能 1.4 万亿元左右，较上周五有所下 降。微观结构上，全天个股涨多跌少，涨停股票数量较多。当天市场热点主要集中在国防军工和 TMT 行业。投资风格方面，中小盘和科技风格涨幅领先。 从市场运行节奏看，沪指突破五、六月份的震荡小箱体，重心上移一个台阶。沪指上周突破了五、 六月份来回震荡的小箱体，实现了重心的上移，并创出年内新高。当然，去年四季度的成交密集区仍有 较强技术阻力，在没有实质性利好信息的配合下，预计难以一蹴而就得向上突破。 ...

都会常卖出体的精彩 申万宏源i正券 SHENWAR HONGYUAN SECURITIES 1每 一次第五日 ◀ 14 િન્દ 投资日历7月 ...

Core Viewpoint - The article emphasizes the importance of investor education and awareness to combat illegal stock recommendations and financial scams, particularly through a comprehensive outreach program by Shenwan Hongyuan Securities [1][12]. Group 1: Outreach Initiatives - Shenwan Hongyuan Securities has launched a "Four Entering" initiative, focusing on entering educational bases, campuses, communities, and listed companies to enhance investor education and risk awareness [1][12]. - The company has conducted over 200 investor education activities, reaching more than 500,000 investors during the campaign [12]. Group 2: Campus Education - A specialized action called "Preventing Non-Compliance Knowledge into Campuses" has been implemented, targeting college students to improve their investment knowledge and risk identification skills [3]. - Collaborations with 48 universities have been established to create a comprehensive educational matrix, utilizing a combination of theoretical lectures, case analyses, and scenario simulations [3]. Group 3: Community Engagement - The company has initiated a "Silver Guard Plan" to address the specific needs of elderly investors, focusing on common high-yield promises and scams [5]. - Educational booths have been set up in over 50 communities, providing explanations of typical cases and offering one-on-one consultations for the elderly [6]. Group 4: Corporate Education - Shenwan Hongyuan Securities has organized "Rational Investment with Me" activities in various companies, addressing topics like AI stock recommendations and virtual currency investments [6]. - A regular communication mechanism between enterprises and financial institutions has been established to facilitate ongoing investor education [6]. Group 5: Financial Knowledge Base - During the "Anti-Fraud Promotion Month," the educational base has hosted a series of lectures on common illegal fundraising methods and case studies, enhancing public awareness [8]. - The base has utilized both online and offline methods to broaden its outreach, including interactive experiences to help participants understand risks [8]. Group 6: Innovative Approaches - The company has introduced the "Financial Deconstruction Squad" initiative, which aims to simplify complex financial scams into understandable safety guidelines through immersive educational activities [14]. - This initiative encourages public participation and creates a collective intelligence mechanism to identify and report scams [14]. Group 7: Long-term Commitment - Shenwan Hongyuan Securities plans to continue enhancing its anti-fraud education efforts by embedding these initiatives into its business processes, focusing on professionalism, public welfare, and uniqueness [16].

今年5月，中央政治局会议明确"持续稳定和活跃资本市场"目标，释放出重大政策信号。随即，三大 金融管理部门迅速响应，打出一系列精准施策"组合拳"，标志着资本市场改革迈向更深层次。 在刘健看来，资本市场作为经济运行的晴雨表，在金融体系和宏观经济运行中具有牵一发而动全身的 作用。作为我国企业投融资和居民财富管理的重要平台，资本市场稳定运行不仅是提升居民财产性收入、 改善社会预期的关键抓手，更是经济健康发展的直接体现。 近年来，国家层面高度重视资本市场，资本市场的稳定运行成为金融调控的重要目标之一。党的二十 届三中全会决定提出，"健全投资和融资相协调的资本市场功能，防风险、强监管，促进资本市场健康稳 定发展"。2024年7月以来，中央政治局会议多次提及资本市场，围绕维护资本市场稳定和提振资本市场 活力进行系统部署。中国人民银行、金融监管总局、中国证监会等部门持续推出增量政策，在推动资本市 场稳健发展上逐步形成政策集成合力。今年二季度，面对外部因素冲击，5月7日多部门又及时推出一揽子 政策，全力巩固市场回稳向好势头。 从基本面来看，刘健认为，上市公司质量的提升为资本市场走稳走强提供坚实基础。上市公司是资本 市场之基，2 ...

Core Viewpoint - The company warns investors about fraudulent activities where impostors are posing as employees to deceive clients, emphasizing the importance of verifying identities and using official channels for communication and transactions [1][2]. Group 1: Fraudulent Activities - Impostors are using various phone numbers and WeChat nicknames to contact clients, claiming reasons such as "change of account manager" or "relocation of the office" to offer unauthorized services [1]. - These fraudulent actions are aimed at extracting client commission information and making illegal stock recommendations, which constitutes a scam [1]. Group 2: Investor Warnings - The company advises investors not to add unknown QQ numbers or join suspicious groups, and to avoid downloading unverified apps or trading software [1]. - Investors are urged to verify information through official channels to prevent falling victim to scams [2]. Group 3: Legal Actions - The company reserves the right to take legal action against any individuals or entities impersonating its employees and engaging in illegal financial activities [2]. - A reminder is issued for investors to enhance their risk awareness and to report any suspected fraudulent activities to law enforcement [2]. Group 4: Official Channels - The company provides its official website, customer service phone number, and social media accounts for investors to access verified information [3].