风格方面，资金偏向大盘成长，创业板、科创板、沪深300等加仓较多。创业板仓位显著 提升4.66pc t至2 3 . 7%，处于历史95.2%的分位水平。 大类行业中，加仓TMT/制造/资源，减仓消费/金融服务，TMT仓位提升11 . 2 0 p c t至 3 9 .85%，创历史新高水平；加仓最多的行业是电子（+6 . 8 5 p c t）、通信（+3.95pc t）、 电力设备（+2 . 3 9 p c t）、有色金属（+1.31pc t）。 曹柳龙认为， TMT仓位达到历史高位，建议行业配置注重再均衡 ，因历史上的基金抱团 行情，较难维持在3 0%以上的高位抱团行情的持续时间也达到了1 3个季度，达到历史平均 水平。 【产业追踪】 电解铝丨供给端再添变量，强化供需抽紧格局 1 0月28日，力拓集团表示，其位于澳大利亚新南威尔士州的Toma g o铝冶炼厂正在考虑在 现有电力供应合同到期后停止运营。Toma go铝厂是澳大利亚最大的铝冶炼厂，年产铝量 高达59万吨，占澳大利亚年铝产量的40%左右。 TMT仓位达到历史高位 西部证券曹柳龙梳理发现，三季度公募加仓资源+科技，仍是极致杠铃。 根据力拓，电力成本目 ...

今日沪股通总成交金额为1476. 73亿，深股通总成交金额为1444 .01亿。 从沪股通前十大成交个股来看，工业富联位居首位；寒武纪和贵州茅台分居二、三位。 从深股通前十大成交个股来看，宁德时代位居首位；阳光电源和中际旭创分居二、三位。 沪深股通今日合计成交2920.74亿，其中工业富联和宁德时代分居沪股通和深股通个股成交额首位。板块主力资金方面，能源金属板块 主力资金净流入居首。 ETF成交方面 ，恒生科技ETF基金（5 13260）成交额环比增长450%。 期指持仓方面，IH、IC、IM合约多头加仓数量明显空头。龙 虎榜方面，量子科技概念股科大国创遭四家机构卖出3.59亿，同时遭中金公司上海分公司席位卖出32 73万。 一、沪深股通前十大成交 | | 沪股通( | 10月30日 | | | --- | --- | --- | --- | | 排名 | 股票代码 | 股票名称 | 成交金额(亿元) | | 1 | 601138 | 工业富联 | 33.95 | | 2 | 688256 | 寒武纪 | 29.75 | | 3 | 600519 | 贵州茅台 | 26.60 | | ব | 603259 | ...

Market Overview - The A-share market experienced a significant rally, with all three major indices rising, particularly the ChiNext Index, which increased nearly 3%, reaching a new high for the year. The Shanghai Composite Index rose above 4000 points again, and the North Star 50 Index surged over 8% [1] - By the market close, the Shanghai Composite Index was up 0.7%, the Shenzhen Component Index rose 1.95%, and the ChiNext Index increased by 2.93%. The trading volume in the Shanghai and Shenzhen markets reached 2.26 trillion, an increase of 10.82 billion compared to the previous trading day [1] Key Sectors - The energy storage sector showed strong performance, with Sunshine Power hitting a new high and Tongrun Equipment reaching the daily limit. The photovoltaic sector also saw explosive growth, with multiple stocks like Longi Green Energy and Tongwei Co. hitting the daily limit. The non-ferrous metals sector quickly surged, with Zhongfu Industrial reaching the daily limit. The Hainan sector performed well throughout the day, with companies like China Tungsten High-Tech and Hainan Airlines hitting the daily limit. Conversely, bank stocks collectively declined, with Chengdu Bank dropping nearly 6% [1] Positive Catalysts - **Policy Support**: The approval of the "14th Five-Year Plan" has clarified the development direction of technological self-reliance, injecting strong confidence into the market [2] - **Funding Environment**: The gradual implementation of policies to attract medium- and long-term funds into the market, along with continuous inflows of foreign capital, is providing additional financial support [3] - **External Environment**: There is a widespread expectation that the Federal Reserve will lower interest rates in October, which could enhance global market risk appetite. Additionally, a meeting between Chinese President Xi Jinping and U.S. President Donald Trump is scheduled for October 30, which may address issues of mutual concern in U.S.-China relations [4] Market Phases - The current market is in the second phase of a slow bull market, transitioning from 4000 points to around 5000 points. This phase is characterized by regulatory support and a shift in investor perception towards a more stable growth trajectory, moving away from speculative trading [6][8] - The first phase was from below 3000 points to 4000 points, where the market was nurtured but investors were skeptical about a sustained bull market. The third phase, expected to be from 5000 points onwards, will confirm the slow bull market as investors gain confidence [6][7] Investment Directions - Future investment opportunities may include: 1. Technology growth sectors benefiting from precise policy support and global technological resonance, such as domestic computing power (GPU/servers/optical modules), industrial mother machines, and national defense industries [10] 2. Strategic emerging industries, including 6G, quantum computing, AI, robotics, and nuclear fusion [11] 3. Sectors benefiting from domestic consumption and anti-involution trends, such as traditional industries like steel, coal, non-ferrous metals, building materials, and emerging manufacturing sectors like photovoltaics [12]

完善现代化综合交通运输体系，加强跨区域统筹布局、跨方式一体衔接，强化薄弱地区覆 盖和通达保障。健全多元化、韧性强的国际运输通道体系。优化能源骨干通道布局，加力 建设新型能源基础设施。加快建设现代化水网，增强洪涝灾害防御、水资源统筹调配、城 乡供水保障能力。推进城市平急两用公共基础设施建设。 一、超节点是新一代算力基础设施，当前算力龙头企业纷纷推出超节点产品 财联社10月2 8日电，中共中央关于制定国民经济和社会发展第十五个五年规划的建议发 布。 其中指出，构建现代化基础设施体系。加强基础设施统筹规划，优化布局结构，促进集成 融合，提升安全韧性和运营可持续性。适度超前建设新型基础设施，推进信息通信网络、 全国一体化算力网、重大科技基础设施等建设和集约高效利用，推进传统基础设施更新和 数智化改造。 超节点，英文名为Su p e rPo d，是英伟达公司最先提出的概念，英伟达将AI服务器中以超 大带宽互联1 6卡以上GPU-GPU的Sc a l e Up系统称为超节点。 超节点被视为是新一代算 力基础设施。 当前业界算力领军企业纷纷推出超节点。英伟达基于NVLi n k协议连接服务器之间的 GPU，将相关设备连接到 ...

沪深股通今日合计成交2371.33亿，其中工业富联和宁德时代分居沪股通和深股通个股成交额首位。 板块主力资金方面， 国防军工板块主力资金净流入居首 。ETF成交方面，黄金基金ETF（518800）成交额环比增长198%。期指持仓 方面，IC、IM合约空头减仓数量大于多头。 龙虎榜方面，中钨高新获两家实力游资（国泰海通证券上海江苏路和华鑫证券江苏分公司）分别买入1.03亿元和8871万元。恒宝股份 获四家机构买入1.93亿，却遭深股通席位卖出1.0 4亿，遭国泰海通证券上海新闸路席位卖出1.25亿，国泰海通证券上海中山东路卖出 8309万。 一、沪深股通前十大成交 今日沪股通总成交金额为1170. 01亿，深股通总成交金额为1201 .32亿。 | | 沪股通( | 10月28日 | | | --- | --- | --- | --- | | 排名 | 股票代码 | 股票名称 | 成交金额(亿元) | | 1 | 601138 | 工业富联 | 30.65 | | 2 | 688256 | 寒武纪 | 19.23 | | 3 | 600276 | 恒瑞医药 | 18.01 | | র | 601899 | 紫美 ...

10月27日A股市场震荡走强，三大指数均涨超1%，其中沪指触及3999 .07点再创十年新高，离4000点大关仅一步之遥。 值得注意的是，上一次上证指数超过400 0点为2015年8月18日。 市场热点轮番活跃，个股涨多跌少，超3300股收红。沪深两市成交额2.3 4万亿，较上一个交易日放量3659亿。 盘面上，小金属、电子化学品、元件、半导体等行业板块涨幅居前；概念板块方面，存储芯片、AI PC、共封装光学(CPO)等表现亮 眼。 01 刚刚 证监会吴清主席表态 吴清还表示，在风险再定价、资产再平衡过程中，稳健性和均衡性日益成为资产配置的优先选项。 在此过程中，A股、港股等中国资产 持续重估，配置价值更加显现。 这直接好科技股，尤其是科技龙头股。 注意，这次牛市就是科技牛市、不要再有全面牛市的幻想了； 今日存储芯片概念延续上周火爆表现继续加速向上，德明利继续涨停，江波龙、兆易创新、佰维存储、香农芯创、普冉股份均创出历史 新高。 首先是需求 ，AI服务器对存储容量和带宽的需求呈指数级增长，注意是指数级。 其次，就是涨价， 9月DRAM现货价同比暴涨近一倍，DDR4部分型号的价格较4月涨幅超300%。四季度三星 ...

Core Viewpoint - The article highlights the trading activities in the Shanghai and Shenzhen stock markets, focusing on the top traded stocks, sector performances, and ETF transactions, indicating significant capital flows and market trends. Group 1: Stock Trading Overview - The total trading volume of the Shanghai and Shenzhen Stock Connect today reached 277.98 billion, with Industrial Fulian and Zhongji Xuchuang leading in trading volume for the Shanghai and Shenzhen markets respectively [1] - The top ten stocks traded on the Shanghai Stock Connect included Industrial Fulian with a transaction amount of 3.074 billion, followed by Hanwujing and Qindengshi [4][5] - On the Shenzhen Stock Connect, Zhongji Xuchuang topped the list with a transaction amount of 4.705 billion, followed by Ningde Times and Xinyi Sheng [6] Group 2: Sector Performance - The electronic sector saw the highest net inflow of capital, amounting to 5.569 billion, indicating strong investor interest [8] - In contrast, the new energy sector experienced the largest net outflow of capital, totaling -2.180 billion, reflecting a shift in investor sentiment [9] Group 3: ETF Transactions - The Hong Kong Securities ETF had the highest trading volume among ETFs at 28.477 billion, with a significant increase of 72.48% compared to the previous trading day [14] - The Steel ETF saw a remarkable trading volume increase of 186.19%, indicating heightened trading activity in this sector [15] Group 4: Institutional Trading Activity - Institutional trading was notably active, with stocks like Xiangrikui and Jingzhida experiencing significant buy-ins from multiple institutions, indicating strong institutional interest [19][20] - Conversely, stocks like Demingli and Jiangbolong faced substantial sell-offs from institutions, suggesting a cautious approach towards these stocks [20]

8月14日，国务院新闻办公室举行"高质量完成'十四五'规划"系列主题新闻发布会，国家 发展改革委党组成员、国家数据局局长刘烈宏介绍"十四五"时期数字中国建设发展成就。 一、顶层政策的推动下，我国数据基础设施建设明显加速 2 0 25年5月，国家数据局印发《数字中国建设2025年行动方案》，这是国家数据局首次向 地方数据管理部门印发的指导开展数字中国建设的文件。 政策要求加快完善地方数据管理机构的相关职能；加快锻造数据领域"长板"；深度挖掘人 工智能应用场景，积极开展人工智能高质量数据集建设；加强交通、医疗、金融、制造、 农业等重点领域数据标注，建设行业高质量数据集等。政策强调各地要将数字化发展摆在 本地区工作重要位置，完善数据管理工作机制。 二、数据要素已逐渐进入落地阶段，数据要素价值有望得到重估 数据产业主要包括数据采集汇聚、计算存储、流通交易、开发利用、安全治理和数据基础 设施建设及服务等业态，是促进数据要素市场化价值化的新兴产业，当前正逐步进入快速 发展阶段。据国家数据发展研究院研究，2024年，全国数据企业数量超过4 0万家，数据 产业规模达5 . 8 6万亿元，较"十三五"末增长117%，预计未来几 ...

沪深股通今日合计成交1999 .06亿，其中寒武纪和中际旭创分居沪股通和深股通个股成交额首位。板块主力资金方面，能源金属板块主 力资金净流入居首。 ETF成交方面，港股通互联网ETF（513040）成交额环比增长230%。期指持仓方面，IM合约多头加仓数量大于空头。 龙虎榜方面， 今日20cm涨停的量子科技概念股科大国创获深股通买入2687万，一家机构买入2907万，两家一线游资合计买入8125万 ，同时遭一家一线游资卖出3278万。黄河旋风遭两家一线游资席位合计卖出1.04亿，此外一家机构大笔卖出1.04亿。 一、沪深股通前十大成交 今日沪股通总成交金额为980.4 1亿，深股通总成交金额为1018.65亿。 | | 沪股道( | 10月23日 | - | | --- | --- | --- | --- | | 担名 | 股票代码 | 股票名称 | 成交金额(亿元) | | 1 | 688256 | 寒武纪 | 16.67 | | 2 | 601138 | 工业富联 | 15.33 | | 3 | 601899 | 案等时,不 | 14.78 | | ব | 600519 | 贵州茅台 | 11.32 | ...

Core Viewpoint - The article discusses the current state of the A-share market, highlighting a mixed adjustment with all three major indices experiencing slight declines. It emphasizes the importance of foreign investment perspectives and recent policy initiatives in Shenzhen aimed at promoting mergers and acquisitions for high-quality development. Group 1: Market Performance - The A-share market showed a mixed adjustment with all three major indices slightly down, with the Shanghai Composite Index down 0.07%, the Shenzhen Component Index down 0.62%, and the ChiNext Index down 0.79%. Nearly 3000 stocks closed in the red [1] - The trading volume in the Shanghai and Shenzhen markets was 1.67 trillion yuan, reflecting a decrease of 206 billion yuan compared to the previous trading day, marking the first drop below 1.7 trillion yuan since August 5 [1] Group 2: Foreign Investment Insights - Goldman Sachs analysts predict a slow bull market for Chinese stocks, suggesting that investors should shift their mindset from "selling on highs" to "buying on lows." They forecast a 30% upside for the MSCI China Index over the next two years, driven by a 12% trend in earnings growth and a 5% to 10% potential for further revaluation [2][3] Group 3: Economic Growth Factors - The article outlines four key reasons for the optimistic outlook on the Chinese market: 1. A favorable policy window has opened, combining demand-side stimulus measures with the new five-year plan to rebalance economic growth and mitigate external risks [3] 2. Accelerated economic growth in China, driven by AI-related capital expenditures and counter-cyclical policies, is expected to boost corporate earnings growth rates to a range of 10% to 15% [4] 3. Current valuations of Chinese stocks are attractive, with the price-to-earnings ratio in the medium range and lower yields on bonds, making them appealing compared to global stocks [5] 4. Strong capital flows into the stock market, with a structural shift in domestic capital and renewed interest from global investors seeking diversification [6] Group 4: Shenzhen Policy Initiatives - On October 22, Shenzhen released a significant policy document aimed at promoting high-quality development through mergers and acquisitions, targeting a total market capitalization of over 20 trillion yuan for listed companies by 2027 and fostering 20 companies with a market value of over 100 billion yuan [7][8] - The plan emphasizes mergers and acquisitions in strategic emerging industries such as integrated circuits, AI, new energy, and biomedicine, encouraging companies to enhance their capabilities through acquisitions [8][9] - Financial support mechanisms for mergers and acquisitions include loans, bonds, and insurance solutions to facilitate the process and ensure operational stability [9][10]