Key Points - The article summarizes significant events during the New Year holiday and the latest assessments from major brokerage firms regarding market trends and investment opportunities [1] Group 1: Major Events - The U.S. military operation led to the capture of Venezuelan President Nicolás Maduro and his wife, with implications for U.S. involvement in Venezuela's oil industry [3] - Hong Kong's stock market opened strongly on January 2, with the Hang Seng Index rising by 2.76% and the Hang Seng Tech Index increasing by 4% [4] - The public fund fee reduction reform has been fully implemented, expected to save investors approximately 51 billion yuan annually, with a 20% decrease in comprehensive fund fee rates [5] - Warren Buffett officially retired as CEO of Berkshire Hathaway, continuing as chairman [7] - The National Integrated Circuit Fund increased its stake in SMIC from 4.79% to 9.25% [8] - Baidu plans to spin off its Kunlun chip business and apply for an IPO in Hong Kong [9] - Tesla lost its title as the world's top electric vehicle seller, delivering 1.636 million vehicles in 2025, while BYD sold 2.257 million vehicles, a 27.86% increase from 2024 [10] - Shanghai aims to become a global hub for eVTOL (electric vertical takeoff and landing) aircraft, targeting an industry scale of 80 billion yuan by 2028 [11] - Moutai launched its products on the iMoutai platform, with significant sales during the holiday period [12] - New guidelines for high-quality development of the power grid were released, aiming for a new grid platform by 2030 [13] Group 2: Brokerage Insights - CITIC Securities noted that 2025 was a strong year for market performance, driven by a reassessment of China's technological capabilities and external demand resilience, with a focus on balancing external and internal demand in 2026 [14] - Shenwan Hongyuan highlighted a favorable window for risk appetite, with potential catalysts from upcoming events such as the Spring Festival and the Two Sessions [15] - Guojin Securities pointed out that the market's internal driving logic is changing, with a focus on fundamental signals and lower volatility assets [16] - Hua'an Securities emphasized the importance of macro policies and the AI industry as key investment themes for January [17] - CITIC Jiantou expressed optimism for the cross-year market, focusing on sectors like semiconductors, AI, and new energy [18] - Cinda Securities suggested a gradual start to the spring market, with a need for economic data to support further index breakthroughs [19] - Everbright Securities advised patience regarding the spring market, noting historical patterns of index performance [21] - Guotai Haitong forecasted a stable market environment supported by favorable liquidity and policy measures [22] - Zhongtai Securities recommended cautious optimism for the technology sector, focusing on specific sub-sectors with strong fundamentals [23] - Galaxy Securities indicated that the holiday period's positive market sentiment could lead to an early spring rally, while remaining cautious of geopolitical risks [24]

Core Insights - The company ChipLink Integrated has recently undergone a business change, increasing its registered capital from approximately 7.05 billion to about 8.38 billion yuan [1] - Several key personnel changes have also occurred within the company [1] Company Overview - ChipLink Integrated was established in March 2018 and is legally represented by Zhao Qi [1] - The company's business scope includes advanced wafer-level packaging, research and manufacturing of electronic components and optical components, as well as the development and manufacturing of photomasks [1] - The company is jointly held by Shaoxing City Yuecheng District Integrated Circuit Industry Fund Partnership (Limited Partnership) and Semiconductor Manufacturing International Corporation (SMIC) among others [1]

第四，机器人。智能硬件是AI+半导体产业链的落地方向之一。 | 周 预 测 | 1月5日-1月9日 轮盘临质 中线 | | --- | --- | | 日博 | | | 居 H | 3900 4153 和底 精顺 | | 力 指 | 3930 大盘反转 强支撑 | | 支 | | | 撑 | 第一阻力 第 一 支 3950 4034 | | 预 | 撑 | | 高 | | | 精 确 操 | 目前 4153点 精准目标 上涨 | | 盘体系 | 方向 | | 形态分 | 反弹 目 前 形 上涨 中期方向 | | 析系统 | K2 | | 变盘时 | 比指数涨跌重要的是，实战投资策略是否完整; | | 自 | 比股龄长短重要的是，研究框架是否成熟完善; | | | 比选出牛股重要的是,做好资产配置最佳组合。 | | 板块 | 1，红利股大概率会贯穿2026全年，关注高股息的央企,有色,石油等中字头 | | | 的国际巨头。 | | | 2,进攻策略:新科技、新医药、新消费 | | 操作 | 一轮牛市中只有一个卖点,那就是最高点卖出。投资人与其猜测大 | | 策略 | 盘的最高点,不如制定投资策略应对。我的建议是 ...

转自：前瞻产业研究院 以下数据及分析来自于前瞻产业研究院移动游戏研究小组发布的《中国移动游戏行业市场前瞻与投资战 略规划分析报告》。 分析近五年来的中国集成电路行业融资事件数(数据截至2025年11月21日)，2021-2022年为行业融资高热 期，均突破1000起融资事件，2023年数量有所回落但总额升至1.15万亿元，2024年数量微降且总额腰斩至 5623.92亿元，2025年数量小幅回升至938起，总额为9110.51亿元。 融资事件汇总 2025年我国集成电路行业的主要融资事件如下： 行业主要上市公司：目前国内集成电路产业的上市公司主要有芯原股份(688521.SH);寒武纪(688256.SH); 概伦电子(688206.SH);北方华创(002371.SZ);中微公司(688012.SH);兆易创新(603986.SH);圣邦微电子 (300661.SZ);华虹集团(688347.SH);中芯国际(688981.SH/00981.HK);长电科技(600584.SH);通富微电 (002156.SZ)等。 本文核心数据：融资事件数;融资总量 1、中国集成电路行业投融资现状 融资事件情况 图表2： ...

元旦假期全球资本市场异彩纷呈。 香港股市开年大涨，恒生指数收涨2.76%，恒生科技指数涨4%。"港股GPU第一股"壁仞科技上市首日大 涨超75%；半导体板块涨幅居前，华虹半导体涨超9%，中芯国际涨超5%；科网股上涨，百度集团涨超 9%，网易涨超6%，阿里巴巴、腾讯控股涨超4%。 美股三大指数收盘涨跌不一，纳指高开低走，收跌0.03%，标普500指数微涨0.19%，道指涨0.66%。明 星科技股表现分化，阿斯麦涨近9%，美光科技涨超10%，二者股价均创历史新高。AMD涨超4%，英伟 达涨超1%，谷歌微涨；特斯拉、微软跌超2%，亚马逊跌近2%，Meta跌超1%，苹果微跌。 | 美股指数 [4 | | | | --- | --- | --- | | 道琼斯 | 纳斯达克 | 标普500 | | 48382.39 | 23235.63 | 6858.47 | | +319.10 +0.66% | -0.03% -6.36 | +12.97 +0.19% | | 中国金龙 | 纳指100期货 | 标普500期货 | | 7859.65 | 25394.50 | 6900.50 | | +329.91 +4.38% | ...

2025年11月，美国硅谷一场芯片行业峰会上，英特尔、高通、ASML这些欧美芯片巨头的高管，当着全 球媒体的面集体"哀嚎"，还联合抛出一份所谓的"产业预警声明"。 这话听着唬人，其实扒开一层皮全是猫腻。 声明里的话透着股绝望感，核心就一句：中国芯片企业要是继续降价倾销，全球半导体产业体系会彻底 崩溃，上千家企业倒闭，数百万工人失业。 咱们不用懂复杂的芯片技术，就顺着这几个关键点捋，就能看清谁在装可怜，谁在真刀真枪抢市场。 是急了不是怕了 要搞清楚这背后的门道，咱们得先弄明白一个关键问题：欧美巨头这波"发难"，真的是为了全球产业 吗？ 答案其实很直白：根本不是为了什么全球产业，而是他们自己实在扛不住了。 从2024年中国芯片企业启动调价开始，欧美那些做成熟制程芯片的企业就迎来了"寒冬"。 有数据显示，这一年多里，他们的营收直接暴跌了35%，更惨的是部分企业的利润直接腰斩，到手的钱 少了一半还多。 中国有硬实力 看到这儿可能有人要问了：中国芯片企业为啥敢这么大幅度降价？做生意不都是为了赚钱吗？难道真的 不担心亏本？ 其实敢这么干，背后全是硬实力撑着，核心就一点：咱们的产业链越来越成熟，成本控制做到了极致， 降价之 ...

Group 1: Share Buybacks - Luxshare Precision plans to repurchase shares worth between 1 billion to 2 billion yuan, while Jiaze New Energy intends to buy back shares worth 22 million to 44 million yuan, and Dagang Holdings aims for a buyback of 2 million to 4 million yuan. These buyback plans are seen as a recognition of the companies' value and confidence in future development, potentially stabilizing stock prices and enhancing market confidence [2][7]. Group 2: Stock Market Performance - On the first trading day of 2026, the Hong Kong stock market surged, with the Hang Seng Index rising by 2.76% and the Hang Seng Tech Index increasing by 4%. The overall Asian stock market rose by 1.1%, with the Korean Composite Stock Price Index surpassing 4300 points for the first time and the UK FTSE 100 Index breaking the 10,000 points mark. This upward trend is driven by optimistic expectations for corporate earnings [2][7]. - In the US stock market, the Dow Jones Industrial Average increased by 0.66% and the S&P 500 by 0.19%, while the Nasdaq Composite fell by 0.03%. Notably, semiconductor stocks performed well, with Micron Technology rising over 10% to reach a new high, and Baidu's stock increasing by over 15% [2][7]. Group 3: E-commerce and Sales - The "iMoutai" e-commerce platform launched on January 1, selling the 53-degree 500ml Flying Moutai at an official price of 1499 yuan per bottle, with sales quickly exhausting the daily quota within half an hour. The platform saw over 240,000 downloads on its launch day, driven by price differences with offline sales, strong brand appeal, and consumer curiosity [3][8]. Group 4: Gold Market Outlook - Following a nearly 65% increase in 2025, gold is expected to continue its upward trend in 2026, with many retail investors anticipating prices to reach historical highs above $5000. Major investment banks like Goldman Sachs and Morgan Stanley maintain bullish forecasts for gold prices, citing factors such as central bank purchases and geopolitical uncertainties [3][8]. Group 5: Semiconductor Industry Developments - The National Integrated Circuit Fund increased its stake in SMIC from 4.79% to 9.25% as of December 29, 2025. SMIC plans to issue shares to the fund to acquire 49% of SMIC North, which will become a wholly-owned subsidiary. This news led to a surge in Hong Kong semiconductor stocks, with Hua Hong Semiconductor rising by 9.4% and SMIC increasing by over 5% [3][9]. Group 6: Investment Themes and Recommendations - Goldman Sachs released its 2026 investment themes, focusing on AI infrastructure, pharmaceutical research, and the Chinese economy, predicting growth that exceeds market expectations. The report highlights the shift in the pharmaceutical sector's focus from weight-loss drugs to cardiovascular treatments [4][9]. - In January, 11 brokerage firms recommended over 100 stocks across 25 industries, with a strong emphasis on technology and cyclical sectors. The electronic industry received the most recommendations, indicating a positive outlook for the 2026 market [4][9]. Group 7: Credit Policy Changes - The People's Bank of China introduced a one-time credit repair policy, allowing individuals to clear overdue information for amounts not exceeding 10,000 yuan if paid by March 31, 2026. This policy aims to encourage debt repayment and improve asset quality for financial institutions [5][10]. - Over 43 billion yuan of public fund inflows are expected to support a slow bull market in stocks, with significant contributions from newly established equity funds and ETFs [5][10].

近日，港股市场传来重磅消息，国家集成电路产业投资基金股份有限公司（简称"国家集成电路基金"）在中芯国际H股的持股比例实现了显著增长。这 一"国家队"的大动作，无疑在资本市场激起了千层浪。 | 17. 有關事件的詳情: | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 以前 / 現時持有股份的身分 | | 買 / 賣或涉及的股份數 交易的貨 | | 漫网 | 물와 | | | 有關事件的鹽越 | 有關夢件之前 | 有關事件之後 | 글 | BE | 國)與政府 (民)國與城 | 平均代價(每 | 代價的性質 | | | | | | | 慶) 度) | 原) | | | 好倉 1101 你的股份權益的百分率 2201 你所控制的 2101 賓溢攤有人 | | | 357,343,396CNY | | | | 74.20003102 現金以外的 | | 水平有所上升,原因 | 法課的權益 | | | | | | 资産 | | 量： | | | | | | | | | 你買入了股份 | | | | | | | | | 淡富 | ...

Core Viewpoint - The National Integrated Circuit Industry Investment Fund has increased its stake in Semiconductor Manufacturing International Corporation (SMIC) from 4.79% to 9.25% as of December 29, 2025, indicating a significant investment in the semiconductor industry [1]. Group 1: Shareholding Changes - The National Integrated Circuit Industry Investment Fund now holds 740,245,419 shares in SMIC, representing 9.25% of the total share capital [1]. - Prior to this increase, the fund held 382,902,023 shares, which accounted for 4.79% of the total share capital [1]. - After the transaction, the fund's A-share holdings amount to 357,343,396 shares, representing 14.03% of SMIC's A-share total and 4.18% of the overall share capital [3]. Group 2: Acquisition Details - SMIC plans to acquire a 49% stake in SMIC North from several entities, including the National Integrated Circuit Industry Investment Fund, for a total price of 40.601 billion CNY [2][5]. - The acquisition will make SMIC North a wholly-owned subsidiary of SMIC, enhancing the company's asset quality and business synergy [5]. Group 3: Financial Performance - SMIC North reported a revenue of 12.979 billion CNY and a net profit of 1.682 billion CNY for the year 2024, reflecting year-on-year growth of 12% and 187%, respectively [5]. - The transaction is expected to promote the long-term development of SMIC without altering its main business scope [5]. Group 4: Future Investments - SMIC is set to receive a total of approximately 7.778 billion USD (over 50 billion CNY) in cash injections from new investors, including the National Integrated Circuit Fund Phase III and the Leading Integrated Circuit Fund [5]. - Following the capital increase, SMIC's registered capital will rise significantly from 6.5 billion USD to 10.0773 billion USD [5][6].

1 隔夜市场 美股三大指数收盘涨跌不一，纳指高开低走，收跌0.03%，标普500指数微涨0.19%，道指涨0.66%；明星科技 股表现分化，阿斯麦涨超近9%，美光科技涨超10%，二者股价均创历史新高；AMD涨超4%，英伟达涨超1%， 谷歌微涨；特斯拉、微软跌超2%，亚马逊跌近2%，Meta跌超1%，苹果微跌。纳斯达克中国金龙指数涨 4.38%，迎来"开门红"，中概股普涨，百度收涨15%，哔哩哔哩、网易涨超7%，阿里巴巴涨超6%，京东涨近 3%。 美油主力合约收跌0.16%，报57.33美元/桶；布伦特原油主力合约跌0.08%，报60.8美元/桶。 现货黄金涨0.24%，报4329.32美元/盎司；COMEX黄金期货涨0.02%，报4341.90美元/盎司。现货白银涨1.4%， 报72.6624美元/盎司；COMEX白银期货涨2.35%，报72.27美元/盎司。 欧洲三大股指收盘小幅上涨，德国DAX指数涨0.13%报24521.49点，法国CAC40指数涨0.56%报8195.21点，英 国富时100指数涨0.2%报9951.14点。 2元旦假期首日全社会跨区域人员流动量超2亿人次 1月2日，记者从交通运输部获 ...