智通财经APP获悉，新鸿基地产-R(80016)、安踏体育-R(82020)、京东集团-SWR(89618)上一交易日沽空 比率位于前三位，分别为100.00%、100.00%、100.00%。阿里巴巴-SW(09988)、腾讯控股(00700)、小米 集团-W(01810)的沽空金额位居前三，分别为20.08 亿元、17.01 亿元、11.83 亿元。美高梅中国 (02282)、小米集团-WR(81810)、深圳控股(00604)的偏离值位居前三，分别为49.34%、46.08%、 39.03%。 前十大沽空比率排行 | 股票名称 | 沽空金额 | 沽空比率↓ | | 偏离值 | | --- | --- | --- | --- | --- | | 新鸿基地产-R(80016) | 4.27 万元 | 100.00% | 24.87% | | | 安踏体育-R(82020) | 1.47 万元 | 100.00% | 17.57% | | | 京东集团-SWR(89618) | 2.03 万元 | 100.00% | 38.44% | | | 商汤-WR(80020) | 144.25 万元 | 92.59% ...

全面规范资负管理引导长期经营，利好头部险企 [Table_Industry] 保险 ——《保险公司资产负债管理办法（征求意见稿）》点评 | | | ——《保险公司资产负债管理办法（征求意见稿）》点评 | | [Table_Invest] 评级： | 增持 | | --- | --- | --- | --- | --- | --- | | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | | | 刘欣琦(分析师) | 021-38676647 | liuxinqi@gtht.com | S0880515050001 | | | | 李嘉木(分析师) | 021-38038619 | lijiamu@gtht.com | S0880524030003 | [Table_subIndustry] | | 本报告导读： 《办法》基于新形势要求全面规范保险公司资产负债管理体系，压实主体责任，明 确监管指标，引导保险公司长期稳健经营，维持"增持"。 投资要点： [Table_Summary] 事件： 12 月 19 日，国家金融监管总局发布《保险公司资产负债管 理办法（征求意见稿）》（下称《办 ...

Regulatory Dynamics - Three departments are promoting the development of commercial insurance annuities and other insurance products to enhance financial adaptability to service consumption [6] - The Medical Insurance Bureau plans to expedite the clearing of major illness insurance funds and medical assistance funds, aiming for annual clearance completion by March 31 each year starting in 2028 [8][9] - The Medical Insurance Bureau has allocated 416.6 billion for medical insurance financial subsidies and construction funds for 2026 [10] - The Financial Regulatory Bureau emphasizes long-term assessment for insurance companies to prevent excessive pursuit of business expansion and short-term profits, introducing new regulatory indicators [11][12] - The China Insurance Industry Association has published a guide on ESG information disclosure for insurance institutions to enhance their practices [13] - Sichuan province is encouraging insurance companies to develop technology insurance products through the "Tianfu Sci-tech Insurance" initiative [14] Company Dynamics - Zhongyou Life has increased its stake in Sichuan Road and Bridge to 5%, triggering a takeover bid [16] - Great Wall Life has increased its holdings in Qin Port shares by 906,000 shares [17] - Great Wall Life has also increased its stake in Datang New Energy by 5 million shares [18] - China Pacific Insurance reported a cumulative original insurance premium income of 250.32 billion for the first 11 months, a 9.4% year-on-year increase [28] - New China Life's cumulative original insurance premium income reached 188.85 billion, with a 16% year-on-year growth [29] - China Life has increased its investment in the Guoshou Qihang No. 1 (Tianjin) equity investment fund by 5 billion [22] - Ping An Life has been approved to issue up to 20 billion in capital supplement bonds [25] - Huagui Life has been approved to increase its registered capital by 615 million, raising it to 2.615 billion [24] Industry Dynamics - Insurance companies have supplemented capital by 114.4 billion this year, with a notable focus on bond issuance [55] - The value of insurance stocks is being reassessed as both asset and liability sides continue to optimize [57] - The retirement income replacement rate for high-net-worth seniors has reached 75%, highlighting the significant role of commercial annuity insurance [58] - The establishment of the China Insurance Investment Fund and other partnerships in Xiamen with a capital contribution of 5 billion [63] - Ant Group has launched an AI health application, enhancing health services through technology [64] - The stock of Muxi Co. surged by 692% on its first trading day, with significant gains for insurance capital involved in its pre-IPO financing [65][66]

| 股票名称 | 沽空金额 | 沽空比率↓ | 偏离值 | | --- | --- | --- | --- | | 华润啤酒-R(80291) | 49.10 万元 | 100.00% | 32.32% | | 安踏体育-R(82020) | 8.91 万元 | 100.00% | 17.57% | | 长城汽车-R(82333) | 2.58 万元 | 100.00% | 26.95% | | 京东健康-R(86618) | 5070.00元 | 100.00% | 25.81% | | 中银香港-R(82388) | 85.77 万元 | 92.59% | 48.85% | | 联想集团-R(80992) | 271.21 万元 | 81.64% | 7.90% | | 中国移动-R(80941) | 774.48 万元 | 77.63% | 28.95% | | 阿里巴巴-SWR(89988) | 413.94 万元 | 70.34% | 34.26% | | 商汤-WR(80020) | 164.13 万元 | 66.00% | 2.92% | | 小米集团-WR(81810) | 273.77 万元 ...

智通财经APP获悉，新鸿基地产-R(80016)、比亚迪股份-R(81211)、京东健康-R(86618)上一交易日沽空 比率位于前三位，分别为100.00%、100.00%、100.00%。小米集团-W(01810)、阿里巴巴-SW(09988)、 腾讯控股(00700)的沽空金额位居前三，分别为14.30 亿元、13.68 亿元、12.51 亿元。小米集团- WR(81810)、比亚迪股份-R(81211)、远东发展(00035)的偏离值位居前三，分别为41.14%、40.41%、 33.08%。 前十大沽空比率排行 | 股票名称 | 沽空金额 | 沽空比率↓ | 偏离值 | | --- | --- | --- | --- | | 新鸿基地产-R(80016) | 101.76 万元 | 100.00% | 23.20% | | 比亚迪股份-R(81211) | 37.22 万元 | 100.00% | 40.41% | | 京东健康-R(86618) | 7635.00元 | 100.00% | 25.81% | | 商汤-WR(80020) | 127.16 万元 | 87.67% | 27.20% ...

大型蓝筹股多数下跌，汇丰控股收报118.414港元，较香港收市升0.78%；腾讯控股收报595.34港元，较香港收市跌1.6%。 智通财经APP获悉，周三，美股三大指数悉数下跌。恒生指数ADR上涨，按比例计算，收报25347.63点，较香港收市跌121.15或 0.48%。 | .HSIADR 恒生指数ADR | | 507 | | --- | --- | --- | | 25347,63 ↓ -121.15 -0.48% == 收盘价 12/17 16:00 美东 | | | | ■ A G | | . | | 最高价 25539.75 开盘价 25508.51 成交量 3786.13万 | | | | 最低价 25311.91 昨收价 25468.78 | 平均价 25425.83 | | | 52周最高 27275.90 上 涨 -- | 麻 麻 | | | 52周最低 18856.77 下 跌 -- | 振 幅 0.90% | | | 港股代码 | 图音 名称 最新价 ADR换算价(HKD) | 涨跌额 | 涨跌幅 | ADRICA | | 较未設期公 | 较港股升跌% | | --- | --- | ...

| 股票名称 | 沽空金额 | 沽空比率↓ | | 偏离值 | | --- | --- | --- | --- | --- | | 新鸿基地产-R(80016) | 46.98 万元 | 100.00% | 24.00% | | | 安踏体育-R(82020) | 7.34 万元 | 100.00% | 17.57% | | | 京东健康-R(86618) | 5.02 万元 | 100.00% | 25.81% | | | 商汤-WR(80020) | 240.51 万元 | 97.15% | 37.00% | | | 联想集团-R(80992) | 245.38 万元 | 84.04% | 10.19% | | | 京东集团-SWR(89618) | 391.85 万元 | 81.25% | 16.44% | | | 比亚迪股份-R(81211) | 102.65 万元 | 80.57% | 22.93% | | | 快手-WR(81024) | 24.14 万元 | 79.28% | 13.01% | | | 友邦保险-R(81299) | 5.75 万元 | 66.77% | -1.21% | | | ...

| 序号 | 名称 | 港股代码 | 最新价 | 涨跌额 | 涨跌幅 | ADR代码 | ADR换算价(HKD) | 较港股升跌 较 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 腾讯控股 | O 00700 | 596.500 | -6.500 | -1.08% | ICEHY | 598.882 | +2.382 | | 2 | 阿里巴巴-W | 09988 | 144.200 | -4.400 | -2.96% | BABA | 145.179 | +0.979 | | 3 | 汇丰控股 | 00005 | 116.200 | 0.000 | 0.00% | HSBC | 116.167 | -0.033 | | 4 | 建设银行 | 00939 | 7.390 | -0.160 | -2.12% | CICHY | 7.406 | +0.016 | | 5 | 小米集团-W | 01810 | 40.900 | -0.940 | -2.25% | XIACY | 41.092 | +0.192 | | 6 | 友邦保险 ...

Group 1: Stock Performance and Technical Analysis - AIA's stock price has shown typical range-bound fluctuations, currently at HKD 81.2 with a rise of 2.78% [1] - Technical indicators are neutral with a strength of 9, while several oscillation and trend indicators signal a sell, indicating insufficient short-term momentum [1] - The stock remains above the 60-day moving average of HKD 76.25, with the bull-bear power indicator signaling a buy, suggesting medium to long-term support [1] - Key support levels are at HKD 77 (Support 1) and HKD 75.2 (Support 2), with resistance levels at HKD 81.3 (Resistance 1) and HKD 83.1 (Resistance 2) [1] - The overall probability of an upward movement is 56%, with expected short-term price action between HKD 77 and HKD 81.3 [1] Group 2: Market Sentiment and Analyst Ratings - Market sentiment towards AIA is generally positive, with Citigroup reaffirming a "Buy" rating and a target price of HKD 99, recognizing the company's stable performance and resilience amid market changes [3] - AIA's ongoing expansion in China's personal pension insurance sector and corporate social responsibility initiatives support its long-term image [3] - There is a notable divergence in investor sentiment regarding short-term trends, with some optimistic investors setting profit-taking points around HKD 95, while more conservative investors believe the stock must first surpass HKD 85 to establish a stronger upward trend [3] Group 3: Derivative Products and Market Dynamics - Recent performance of AIA-related derivatives illustrates how structural differences among products affect price movements, with HSBC bull certificates rising by 36% compared to 19% and 15% for other call options [4] - The differences in performance stem from the inherent structure and leverage characteristics of various derivative tools, with bull certificates offering higher leverage and clearer profit-loss structures [4] - For bullish investors, call options with an exercise price around HKD 88.9 are recommended, with specific options providing high leverage and low premium [4] - For bearish investors, put options with an exercise price of HKD 77.88 and bear certificates with redemption prices between HKD 84 and HKD 85 are suggested, offering substantial leverage [9]

（文章来源：每日经济新闻） 每经AI快讯，Wind数据显示，12月15日，共47只港股获公司回购，8只个股回购金额超千万港元。其 中，腾讯控股、小米集团-W、中远海控回购金额最大，分别获公司回购6.36亿港元、3.02亿港元、 4001.61万港元。截至12月15日，今年已有261只港股获公司回购，68只个股年内累计回购金额超亿港 元。其中，腾讯控股、汇丰控股、友邦保险年内累计回购金额最大，分别获公司回购736.80亿港元、 302.57亿港元、176.93亿港元。 ...