智通财经APP获悉，财政部公布数据，2025年1—11月证券交易印花税1855亿元 同比增长70.7%。 银河证券认为，国家"稳增长、稳股市"、"提振资本市场"的政策目标将持续定调证券板块未来走向，流 动性适度宽松环境延续、资本市场环境持续优化、投资者信心重塑等多方面因素共同推动证券板块景气 度上行。当前环境下，中长期资金加速入市，市场活跃度维持高位，资本市场展现出"健康牛"态势，财 富管理转型、国际业务拓展、金融科技赋能均有望成为行业提升ROE驱动力。当前板块估值处于历史低 位，防御反弹攻守兼备。建议关注综合实力强劲的头部券商，以及在财管、自营、跨境等业务领域具备 差异化竞争优势的券商。 中信建投研报称，证券方面，2026年政策利好驱动业绩持续增长，板块有望重新定价。2025年证券行业 进入新一轮增长周期，但券商股票因缺少独立催化、前两年悲观情绪的延续等原因而导致超额收益不 佳。当前"服务新质生产力+中长期资金入市+券商国际化机遇"三大核心利好逻辑尚未被市场充分定 价，其驱动的投行、资管、国际业务等新动能，有望在2026年后逐步兑现至行业基本面，为中长期业绩 弹性与韧性提供坚实支撑，无需担忧增长断层。 日前 ...

■ 根据金元顺安基金管理有限公司（以下简称"本公司"）与广发证券股份有限公司（以下简称"广发证 券"）签署的销售服务协议，自2025年12月19日起，广发证券将销售本公司旗下部分基金。具体公告如 下： 一、适用基金 3、投资者可通过以下途径咨询有关详情： （1）广发证券股份有限公司 公司网站：www.gf.com.cn 客户服务电话：95575 重要提示： 1、基金定期定额投资业务是指投资者通过本公司指定的基金销售机构提交申请，约定每期扣款时间和 扣款金额，由销售机构于每期约定扣款日在投资者指定资金账户内自动完成扣款和基金申购申请的一种 投资方式。 2、投资者可到广发证券销售网点申请开办基金定投业务并约定每期固定的申购金额，每期申购金额限 制如下：基金的定期定额投资最低限额为10元，具体办理事宜请以广发证券的安排为准。 三、费率优惠 二、业务范围 自2025年12月19日起，投资者可在广发证券办理上述基金的开户、认购、申购、赎回、定期定额投资及 基金转换等业务。今后本公司发行的其它开放式基金均适用于上述业务，本公司不再另行公告，具体业 务的办理请参照本公司及广发证券的相关业务规则和流程。 经与广发证券协商一致 ...

Core Insights - The 2025 Securities Times Best Analyst results were announced, highlighting the top-performing teams and analysts in various categories [1] - The event saw participation from nearly 50 securities firms and over 1300 domestic and international institutions, with more than 800 institutions qualifying to vote [1] Group 1: Top Analysts and Teams - The macroeconomic first place was awarded to the team led by Guo Lei from GF Securities [1] - The top strategy research team was also from GF Securities, led by Liu Chenming [1] - The top analyst in the gold category was Sun Yuanyuan from Industrial Securities [1] Group 2: Participation and Voting - The voting institutions included over 160 public fund institutions, 30 insurance asset management companies, and 100 insurance companies, among others [1] - The total assets managed by the participating institutions exceeded 100 trillion yuan [1] Group 3: Performance Rankings - The rankings for various research teams in different categories were detailed, with GF Securities consistently performing well across multiple sectors [3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30][31][32]

Core Insights - The 2025 Securities Times Best Analyst results have been released, showcasing the top research teams across various sectors in the investment banking industry [1]. Group 1: Macro Economy - The top three research teams in the macro economy sector are: 1. GF Securities with a score of 43,316.423 2. Huachuang Securities with a score of 41,109.579 3. Zheshang Securities with a score of 38,987.917 [3][4]. Group 2: Strategy Research - The leading teams in strategy research are: 1. GF Securities with a total score of 56,425.933 2. Jike Yiyuan with a score of 37,718.265 3. Guolian Minsheng Securities with a score of 36,072.893 [4]. Group 3: Fixed Income Research - The top teams in fixed income research include: 1. Huatai Securities with a score of 40,340.296 2. Huaxi Securities with a score of 31,481.596 3. Yongshimeixue with a score of 29,564.247 [5]. Group 4: Non-Banking Financial Institutions - The leading non-banking financial research team is: 1. Guotai Haitong Securities with a score of 42,038.478 [7]. Group 5: Real Estate - The top teams in real estate research are: 1. GF Securities with a score of 46,820.521 2. Changjiang Securities with a score of 46,290.409 3. Industrial Securities with a score of 31,067.83 [9]. Group 6: Electronics - The leading teams in electronics research are: 1. Zhongtai Securities with a score of 43,237.391 2. Changjiang Securities with a score of 42,166.206 3. GF Securities with a score of 29,990.201 [10]. Group 7: Computer - The top teams in computer research include: 1. Guosen Securities with a score of 35,633.713 2. Industrial Securities with a score of 31,972.141 [11]. Group 8: Chemical Industry - The leading team in the chemical sector is: 1. Jiangxi Securities with a score of 47,658.726 [13]. Group 9: Transportation and Storage - The top teams in transportation and storage research are: 1. Changjiang Securities with a score of 60,044.382 2. Jiachang Securities with a score of 49,153.183 [19]. Group 10: Food and Beverage - The leading teams in food and beverage research are: 1. Guotai Haitong Securities with a score of 45,045.012 2. Huachuang Securities with a score of 38,286.761 [20].

每经头条（nbdtoutiao）——海南封关政策红利全解析：零关税、低个税、投资准入放宽、跨境资金自 由、创业扶持…… （记者 张明双） 2025年1至6月份，鲁西化工的营业收入构成为：化工行业占比66.07%，基础化工行业占比20.11%，化 肥行业占比12.06%，其他行业占比1.76%。 截至发稿，鲁西化工市值为287亿元。 每经AI快讯，鲁西化工（SZ 000830，收盘价：15.09元）发布公告称，2025年12月17日，鲁西化工接受 广发证券等投资者调研，公司董事会秘书刘月刚，证券事务代表柳青参与接待，并回答了投资者提出的 问题。 ...

Core Insights - The article discusses the results of the 2025 Securities Times Best Analyst Awards, highlighting the top-performing research teams and their scores across various categories [1]. Macro Economy - The top research team in the macroeconomic category is from GF Securities, scoring 43316.423 points [4]. - Other notable teams include Zheshang Securities and Dongwu Securities, with scores of 38987.917 and 33427.801 respectively [6]. Fixed Income Research - Huatai Securities leads in fixed income research with a score of 40340.296 [7]. - Other top teams include Huaxi Securities and Huachuang Securities, scoring 31481.596 and 29564.247 respectively [7]. Financial Engineering Research - The top team in financial engineering is from Industrial Securities, scoring 41139.758 [7]. - Guosheng Securities and Changjiang Securities follow with scores of 36381.614 and 36238.989 respectively [7]. Banking - Zheshang Securities ranks first in the banking category with a score of 39943.811 [8]. - Other teams include Zhongtai Securities and CITIC Construction Investment, with scores of 32853.243 and 27210.612 respectively [8]. Non-Banking Financial - Guotai Junan Securities tops the non-banking financial category with a score of 42038.478 [9]. - GF Securities and Dongwu Securities follow with scores of 36687.686 and 36036.066 respectively [9]. Real Estate - GF Securities leads in real estate research with a score of 46820.521 [10]. - Changjiang Securities and Industrial Securities follow closely with scores of 46290.409 and 31067.83 respectively [10]. Electronics - The top team in electronics is from Zhongtai Securities, scoring 43237.391 [10]. - Changjiang Securities and GF Securities follow with scores of 42166.206 and 29990.201 respectively [10]. Computer - Guosheng Securities ranks first in the computer category with a score of 35633.713 [11]. - Industrial Securities and Tianfeng Securities follow with scores of 31972.141 and 31527.817 respectively [11]. Media and Culture - GF Securities leads in media and culture research with a score of 48879.888 [11]. - Dongwu Securities and Guohai Securities follow with scores of 34768.707 and 33765.945 respectively [11]. Chemical - Jiguangyuan Securities ranks first in the chemical category with a score of 47658.726 [12]. - Changjiang Securities and Guohai Securities follow with scores of 46460.716 and 28746.495 respectively [12]. Energy and Utilities - Huayuan Securities leads in energy and utilities research with a score of 54301.389 [13]. - Changjiang Securities and GF Securities follow with scores of 52990.649 and 35645.292 respectively [13]. Overall Rankings - The overall top research team is from Changjiang Securities with a score of 53802.76 [14]. - Guosheng Securities and GF Securities follow with scores of 37234.974 and 26264.694 respectively [14]. Best Industry Research Teams - In the financial sector, GF Securities ranks first with a total score of 95012.572 [26]. - In technology, GF Securities also leads with a score of 138087.874 [28]. - In energy and materials, Changjiang Securities ranks first with a score of 336474.84 [29].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 今日（12月17日）午后，A股放量大幅上攻，创业板指大涨3.39%，创近2个月来最大单日涨幅，深证成 指、科创50也均涨逾2%，上证指数、沪深300、上证50等亦涨超1%，市场成交温和放大至1.83亿元。 万和证券认为，市场将震荡上行，"反内卷"政策有效推动市场竞争持续优化，扩内需、保民生等政策落 地带来供需关系的改善，建议关注消费行业的投资机会。此外，高技术制造业继续位于扩张区间，且明 显高于制造业总体水平，行业支撑作用持续显现，建议关注受益于政策和业绩驱动的集成电路、商业航 天板块。 市场热点方面，大金融午后集体异动拉升成为市场上涨主要动力。券商股在13：30左右开始放量，板块 指数约40分钟就由绿盘转为大涨近3%。华泰证券盘中一度冲击涨停，股价创2015年6月以来10年半新高 （复权，下同），收盘涨幅收窄至6.09%；兴业证券、广发证券等涨幅居前。 同一时段，保险板块指数也放量拉升，一度涨近4%，创历史新高。板块内所有个股上涨，中国太保、 新华保险逼近历史最高点，中国人寿、中国平安创年内新高。 银行板块指数午后也一度涨逾1%，多元 ...

消息面上，据经济参考，12月以来，长城、兴业、华泰、首创等多家上市券商发布分红实施公告，新一 轮分红派息进入落地阶段。在监管鼓励上市券商提高现金分红水平等政策的积极引领下，年内上市券商 分红金额已逾548亿元，其中14家已实施10亿元以上分红。 中资券商股午后快速拉升，截至发稿，中信证券（600030）(06030)涨3.77%，报28.08港元；招商证券 （600999）(06099)涨2.64%，报14.36港元；广发证券（000776）(01776)涨2.46%，报18.36港元；申万宏 源（000166）(06806)涨1.96%，报3.12港元。 国金证券表示，在监管的引导下，未来证券公司的经营将更具备韧性，优质券商有望进一步打开杠杆上 限、提高ROE水平。根据历史利润增速及板块涨跌幅、ROE水平及对应PB倍数来看，板块股价、估值 表现仍显著落后于业绩表现，看好板块估值修复。 ...

每经AI快讯，中资券商股午后快速拉升。截至发稿，中信证券(06030.HK)涨3.77%，报28.08港元；招商 证券(06099.HK)涨2.64%，报14.36港元；广发证券(01776.HK)涨2.46%，报18.36港元；申万宏源 (06806.HK)涨1.96%，报3.12港元。 （文章来源：每日经济新闻） ...

国金证券表示，在监管的引导下，未来证券公司的经营将更具备韧性，优质券商有望进一步打开杠杆上 限、提高ROE水平。根据历史利润增速及板块涨跌幅、ROE水平及对应PB倍数来看，板块股价、估值 表现仍显著落后于业绩表现，看好板块估值修复。 智通财经APP获悉，中资券商股午后快速拉升，截至发稿，中信证券(06030)涨3.77%，报28.08港元；招 商证券(06099)涨2.64%，报14.36港元；广发证券(01776)涨2.46%，报18.36港元；申万宏源(06806)涨 1.96%，报3.12港元。 消息面上，据经济参考，12月以来，长城、兴业、华泰、首创等多家上市券商发布分红实施公告，新一 轮分红派息进入落地阶段。在监管鼓励上市券商提高现金分红水平等政策的积极引领下，年内上市券商 分红金额已逾548亿元，其中14家已实施10亿元以上分红。 ...