9月17日午后，港股三大指数集体上涨，恒生科技指数持续拉升，盘中突破6300点。A股同赛道规模最 大的恒生科技指数ETF（513180）跟随指数上行，涨超3.5%，持仓股中，百度集团、商汤、蔚来、中芯 国际、京东集团、美团等领涨，其中，百度集团涨超19%。 （文章来源：每日经济新闻） 国信证券在最新研报中指出，据相关报道，阿里巴巴、百度已开始采用内部自主设计的芯片训练AI大 模型。阿里巴巴在最新一期财报交流会中提到，面对全球AI芯片供应及政策变化，公司准备"后备方 案"。而百度旗下昆仑芯P800也同时在被内部和外部客户采用，在中国移动2025年至2026年人工智能通 用计算设备（推理型）集中采购项目中，基于昆仑芯的AI服务器产品，在3个标包中，分别拿下 70%/70%/100%的份额，均排名第一，中标订单规模达十亿级。 华泰证券此前表示，AI正在重塑百度的长期叙事。作为国内为数不多的集自研芯片能力、AI基础设施 服务能力与AI应用场景（广告、自动驾驶、工具应用等）为一身的互联网公司，百度体系内存在数个 被显著低估的业务资产，如自动驾驶业务、自研的昆仑芯业务、百度文库及百度网盘等具备AI功能或 属性的软件应用等 ...

Core Viewpoint - The technology stocks collectively rose, leading the Hang Seng Tech Index to increase over 2.5%, reaching its highest level since November 2021 [1] Group 1: Stock Performance - Baidu Group-SW (09888) increased by 10.34%, reaching HKD 124.9 [1] - NIO-SW (09866) surged by 764%, reaching HKD 54.95 [1] - JD Group-SW (09618) rose by 4.77%, reaching HKD 136.2 [1] - Alibaba-W (09988) increased by 3.39%, reaching HKD 158.7 [1] Group 2: Industry Developments - The National Cybersecurity Entrepreneur Symposium was held in Kunming, emphasizing the need for leading companies to take responsibility for "bottleneck" technology breakthroughs, particularly in key areas like chips [1] - The National Internet Information Office's Deputy Director Yang Jianwen highlighted the importance of creating innovative alliances with universities to accelerate the development of self-controlled secure chips [1] Group 3: Strategic Partnerships - On September 15, China Merchants Group signed a strategic cooperation framework agreement with Baidu in Shenzhen [1] Group 4: Market Outlook - According to CCB International, technology stocks are expected to benefit from the current domestic substitution acceleration and rapid development of the AI industry cycle [1] - Despite the ongoing macro "weak recovery" environment, large-cap technology companies still have room for growth, with absolute prosperity advantages remaining evident [1] - The recent performance of Hong Kong tech stocks and their correlation with market sentiment may lead to a dual strengthening of market emotions and momentum [1]

Core Viewpoint - The technology stocks collectively rose, leading to a more than 2.5% increase in the Hang Seng Tech Index, reaching a new high since November 2021 [1] Group 1: Stock Performance - Baidu Group-SW (09888) increased by 10.34%, reaching HKD 124.9 [1] - NIO-SW (09866) surged by 764%, reaching HKD 54.95 [1] - JD Group-SW (09618) rose by 4.77%, reaching HKD 136.2 [1] - Alibaba-W (09988) increased by 3.39%, reaching HKD 158.7 [1] Group 2: Industry Developments - The National Cybersecurity Entrepreneur Symposium was held, emphasizing the need for leading companies to take responsibility for "bottleneck" technology breakthroughs, particularly in key areas like chips [1] - The focus is on creating innovative partnerships with universities and research institutions to accelerate the development of self-controlled secure chips [1] Group 3: Strategic Partnerships - On September 15, China Merchants Group signed a strategic cooperation framework agreement with Baidu in Shenzhen [1] Group 4: Market Outlook - According to CCB International, technology stocks are expected to benefit from the current domestic substitution acceleration and the rapid development of the AI industry cycle [1] - Despite a macroeconomic "weak recovery" environment, large-cap technology companies still have room for growth, with clear absolute prosperity advantages [1] - The recent performance of Hong Kong tech stocks and the market sentiment may lead to a dual strengthening of market emotions and momentum [1]

Group 1: Market Performance - The Hang Seng Index rose by 1.41%, gaining 373 points to close at 26,812 points, while the Hang Seng Tech Index increased by 3.49% [1] - The early trading volume in the Hong Kong stock market reached HKD 192.4 billion [1] Group 2: Company Highlights - Baidu Group-SW (09888) surged by 15.9%, leading the gains among Hang Seng Tech Index constituents [1] - Alibaba-W (09988) saw a rise of 5% [1] - NIO-SW (09866) increased by over 8%, reaching a nearly one-year high ahead of the new ES8 launch [3] - China Tobacco Hong Kong (06055) rose by over 7%, achieving a new high after signing exclusive agency agreements for global markets [4] - Shandong High-Tech Holdings (00412) jumped by 14% following the announcement of a USD 100 million stock buyback plan [5] - Lens Technology (06613) increased by 6.8%, attributed to strong pre-order demand for the iPhone 17 [6] - China Education Holdings (00839) surged by over 16%, with expectations of significant valuation recovery in the private higher education sector [7] - Youzan (08083) rose by over 14%, as the company announced it is exploring the possibility of transferring to the main board for listing [8] Group 3: Industry Insights - The AI large model security assessment results indicated that major products from Tencent, Baidu, Alibaba, and Zhiyuan Huazhang exhibited fewer vulnerabilities, reflecting a high level of security protection [1] - CATL (宁德时代) shares rose over 5%, with the stock price surpassing HKD 500, marking a new high since its listing, while the company highlighted five major challenges in the energy storage industry [2]

Market Performance - The Hong Kong stock market showed a strong upward trend in the morning session, with major indices reaching new highs. The Hang Seng Tech Index surged by 3.49%, surpassing 6200 points, while the Hang Seng Index and the National Enterprises Index rose by 1.41% and 1.78%, respectively, with the Hang Seng Index approaching the 27000 points mark [1] Key Stocks - Major technology stocks led the market rally, with Baidu experiencing a significant increase of 15.9%. Other notable performers included JD.com, Meituan, and Alibaba, each rising over 5%, while Tencent and Xiaomi also showed strength [1] - Semiconductor stocks gained traction as SMIC reportedly tested China's first domestic DUV lithography machine, with SMIC's stock climbing 5.7% to reach a new historical high [1] Sector Performance - The aviation sector continued to rise, supported by a more than 25% increase in daily flight ticket bookings during the National Day and Mid-Autumn Festival period, which is expected to enhance airline profitability [1] - Other sectors that saw gains included Apple concept stocks, automotive stocks, robotics stocks, coal stocks, Chinese brokerage stocks, gaming stocks, and restaurant stocks [1] Declining Sectors - In contrast, spot gold prices fell below $3680, leading to declines in gold stocks and non-ferrous metal stocks. East Wu Cement experienced a nearly 11% drop following a 6.2% year-on-year decrease in national cement production in August [1] - The biopharmaceutical sector saw a majority of stocks retreat, while property management, steel, and sports goods sectors exhibited weak performance [1]

Group 1: Market Performance - The Hang Seng Index rose by 1.41%, gaining 373 points to close at 26,812 points, while the Hang Seng Tech Index increased by 3.49% [1] - The early trading volume in Hong Kong stocks reached HKD 192.4 billion [1] Group 2: Company Highlights - Baidu Group-SW (09888) surged by 15.9%, leading the gains among Hang Seng Tech Index constituents [1] - Alibaba-W (09988) saw a rise of 5% [1] - NIO-SW (09866) increased by over 8%, reaching a nearly one-year high ahead of the new ES8 launch [2] - China Tobacco Hong Kong (06055) rose by over 7%, setting a new high after signing exclusive agency agreements for global markets [3] - Shandong High-Speed Holdings (00412) jumped by 14% following the announcement of a USD 100 million stock buyback plan [4] - Lens Technology (300433) (06613) increased by 6.8% due to strong pre-order demand for iPhone 17 [5] - China Education Holdings (00839) surged over 16% as private higher education sector shows signs of significant valuation recovery [6] - Youzan (08083) rose over 14% as the company explores the possibility of transferring to the main board for listing [6] Group 3: Industry Insights - The AI large model security assessment results indicate that major products from Tencent, Baidu, Alibaba, and others have shown fewer vulnerabilities, reflecting a high level of security [1] - Contemporary Amperex Technology Co., Ltd. (300750) (03750) saw its stock price exceed HKD 500, reaching a new high since its listing, while the CEO pointed out five major challenges in the energy storage industry [1]

Core Insights - The article highlights significant economic, political, and technological developments that are currently influencing investor sentiment and market dynamics [1] Economic Developments - Investors are closely monitoring an upcoming Federal Reserve interest rate decision, which is anticipated to indicate a potential shift in monetary policy [1] Political Developments - The article mentions ongoing legal proceedings in Utah, which may have implications for local businesses and the broader economic environment [1] Technological Developments - No specific technological developments were detailed in the provided content [1]

5. 安能物流(09956)涨近1%， 9月3日，摩根士丹利发布首份覆盖安能物流的研究报告，给予其"增持"评 级。 点击蓝字，关注我们 今日上午港股 1. 蔚来-SW(09866)涨超9%， 9月20日，NIO Day 2025蔚来日将正式举办，届时，全新ES8将正式上市。 2. 港股家电股集体上涨，海尔智家(06690)涨超4%，海信家电(00921)涨近3%，美的集团(00300)涨近 1%， 国信证券研报指出，8月随着第三批国补资金到位，线下家电零售景气有所抬升。 3. 百度集团(09888)涨超16%， 9月15日，招商局集团与百度在深圳签署战略合作框架协议。 4. 国富氢能(02582)跌超4%， 9月15日，国富氢能与韩国Hylium Industries,INC正式签署合作协议，双方 就韩国市场氢能产储输系统及解决方案开发达成共识。 6. 羚邦集团(02230)涨超10%， 羚邦集团发布公告，一间新子公司"Medialink Japan 株式会社"于2025年8 月8日在日本正式成立。 7. 禾赛-W(02525)跌近2%， 交银国际发布研报称，首次覆盖禾赛-W"买入"评级，该行上调集团2026 ...

2025.09. 17 本文字数：1778，阅读时长大约3分钟 作者 | 一财阿驴 11:30 A股午盘｜沪指涨0.41% 半导体设备板块大涨 上证指数报3877.55点，涨0.41%；深成指报13197.01点，涨1.02%；创业板指报3140.76点，涨 1.74%。大金融、锂电池、半导体设备等板块涨幅居前，贵金属、旅游、影视板块走弱。沪深两市半日 成交额1.54万亿，较上个交易日放量628亿。全市场超2900只个股上涨，超2200只个股下跌。 | | A股重要指数 | | | | --- | --- | --- | --- | | 名称 | 最新 涨跌 | | 涨幅 | | 上证指数 | 3877.55 - | +15.68 | +0.41% | | 深证成指 | 13197.01 +133.04 | | +1.02% | | 北证50 | 1615.52 -1.62 | | -0.10% | | 创业板指 | 3140.76 - | +53.72 | +1.74% | | 板块名称 | 涨幅� | 主力金额 | 板块名称 | 涨幅个 | 主力金额 | | --- | --- | --- | --- | ...

Group 1 - The Hong Kong stock market indices have risen, with Baidu Group increasing by over 14% following a strategic cooperation agreement with China Merchants to explore "AI + industry" new paths [1] - Other companies such as JD Group, Meituan, and SMIC have also seen increases of over 5%, while Alibaba rose by 4.69%, reaching a nearly four-year high [1] - The Hang Seng Technology ETF (513010) has gained 3.08% year-to-date, with a total increase of over 39% [1] Group 2 - Significant capital inflow has been observed in Hong Kong stocks this year, with ETFs becoming a crucial tool for capital allocation [1] - The Hang Seng Technology ETF (513010) has received a net inflow of 3.278 billion yuan in the last 20 days, bringing its latest scale to 19.202 billion yuan [1] - The ETF tracks the Hang Seng Technology Index, bundling core Chinese technology assets, including Tencent, NetEase, Alibaba, SMIC, Xiaomi, and Baidu, with a low comprehensive fee rate of 0.25% [1] Group 3 - The profitability of Hong Kong stocks is improving, with the Hang Seng Technology Index showing the highest growth rates [1] - By Q2 2025, the revenue and net profit growth rates for the Hang Seng Technology Index are expected to lead among major indices, with year-on-year revenue growth of 14.43% and net profit growth of 16.18% [1] - In comparison, the revenue and net profit growth rates for the Hang Seng Index and other indices are lower, indicating a stronger performance for the technology sector [1] Group 4 - Guolian Minsheng Securities notes that the ROE-TTM of the Hang Seng Technology Index remains relatively superior [2] - Bloomberg consensus forecasts suggest that the ROE of the Hang Seng Technology Index may further recover in the next two years, narrowing the gap with other emerging markets [2] - The sector is expected to benefit from a continuation of favorable market conditions and global capital reallocation [2]