Market Performance - The city commercial bank sector experienced a slight increase of 0.0% on January 7, with Hangzhou Bank leading the gains [1] - The Shanghai Composite Index closed at 4085.77, up 0.05%, while the Shenzhen Component Index closed at 14030.56, up 0.06% [1] Individual Stock Performance - Hangzhou Bank (600926) closed at 15.80, with a rise of 1.61% and a trading volume of 817,400 shares [1] - Ningbo Bank (002142) closed at 29.12, up 0.83%, with a trading volume of 411,100 shares [1] - Other notable performances include Jiangsu Bank (601963) at 10.64 (+0.38%) and Shanghai Bank (601229) at 9.96 (+0.30%) [1] Capital Flow Analysis - The city commercial bank sector saw a net outflow of 170 million yuan from institutional investors, while retail investors contributed a net inflow of 188 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Detailed Capital Flow by Bank - Jiangsu Bank had a net inflow of 123 million yuan from institutional investors, while retail investors saw a net outflow of 27 million yuan [3] - Hangzhou Bank experienced a net inflow of 84 million yuan from institutional investors, but retail investors had a significant outflow of 132 million yuan [3] - Chengdu Bank recorded a net inflow of 55 million yuan from institutional investors, with retail investors also experiencing a net outflow [3]

Core Viewpoint - The aviation and airport sector experienced a slight decline of 0.2% on January 7, with CITIC Hainan Airlines leading the drop. The Shanghai Composite Index rose by 0.05%, while the Shenzhen Component Index increased by 0.06% [1]. Group 1: Stock Performance - Xiamen Airport (600897) closed at 17.72, up by 2.72% with a trading volume of 151,500 shares and a transaction value of 268 million yuan [1]. - Southern Airlines (600029) closed at 8.15, up by 0.74% with a trading volume of 448,600 shares and a transaction value of 366 million yuan [1]. - Spring Airlines (601021) closed at 59.04, up by 0.63% with a trading volume of 63,900 shares and a transaction value of 379 million yuan [1]. - China Eastern Airlines (600115) closed at 6.14, up by 0.16% with a trading volume of 873,400 shares and a transaction value of 538 million yuan [1]. - China National Aviation (601111) closed at 9.15, down by 0.54% with a trading volume of 581,300 shares and a transaction value of 534 million yuan [2]. Group 2: Capital Flow - The aviation and airport sector saw a net outflow of 247 million yuan from institutional investors, while retail investors contributed a net inflow of 184 million yuan [2]. - Xiamen Airport had a net inflow of 41.95 million yuan from institutional investors, accounting for 15.68% of its total trading [3]. - Shanghai Airport experienced a net inflow of 28.87 million yuan from institutional investors, representing 7.73% of its total trading [3]. - China Eastern Airlines had a net outflow of 21.72 million yuan from institutional investors, with retail investors contributing a net inflow of 13.25 million yuan [3].

Core Viewpoint - The article discusses the upcoming construction of the Nantong New Airport, which is set to become a significant part of the Shanghai International Aviation Hub, with plans for completion by 2027 [3][4]. Group 1: Project Overview - The Nantong New Airport is planned to cover an area of approximately 140 square kilometers and will feature two runways, each 3,600 meters long, including one 4F-level runway [4]. - The airport is designed to handle a passenger throughput of 40 million by 2035, with a cargo capacity of 500,000 tons, and has the potential to expand to accommodate 80 million passengers in the future [4]. Group 2: Investment and Collaboration - In June 2024, the Shanghai Airport Group signed a cooperation agreement with the Nantong municipal government to jointly develop the Nantong New Airport [6]. - The Nantong Suzhou New Airport Construction Investment Co., Ltd. was established on August 15, 2025, with a registered capital of 1 billion yuan, where Shanghai Airport Group holds a 51% stake and Nantong Urban Construction Group holds 49% [7]. Group 3: Transportation Infrastructure - The article mentions that the Huhang-Chengdu Railway is also scheduled to open in 2027, which will enhance the transportation network in the region [3].

Core Insights - The aviation and airport sector saw a 0.5% increase on January 6, with Juneyao Airlines leading the gains [1] - The Shanghai Composite Index closed at 4083.67, up 1.5%, while the Shenzhen Component Index closed at 14022.55, up 1.4% [1] Stock Performance - Juneyao Airlines (603885) closed at 15.26, up 3.32% with a trading volume of 252,100 shares and a turnover of 379 million yuan [1] - China Eastern Airlines (600115) closed at 6.13, up 1.32% with a trading volume of 2,259,400 shares and a turnover of 1.373 billion yuan [1] - Shenzhen Airport (000089) closed at 7.05, up 1.15% with a trading volume of 135,900 shares and a turnover of 95.385 million yuan [1] - Shanghai Airport (600009) closed at 32.97, up 0.83% with a trading volume of 121,000 shares and a turnover of 398 million yuan [1] - Xiamen Airport (600897) closed at 17.25, up 0.29% with a trading volume of 73,800 shares and a turnover of 12.7 million yuan [2] Capital Flow - The aviation and airport sector experienced a net outflow of 146 million yuan from institutional investors, while retail investors saw a net inflow of 10.53 million yuan [2] - Major stocks like Juneyao Airlines and Shanghai Airport attracted significant net inflows from retail investors, while others like Xiamen Airport and Spring Airlines faced net outflows [3]

Core Viewpoint - UBS reports that Hainan's duty-free sales from January 1 to 3 increased by 129% year-on-year to 712 million yuan, with the number of duty-free shoppers rising by 61% [1] Group 1: Sales Performance - The average duty-free spending per person is estimated at 8,527 yuan, representing a year-on-year increase of 42.5% [1] - The quantity of purchased goods also saw a year-on-year growth of 52.4% [1] - All reported data exceeded market expectations [1] Group 2: Factors Driving Growth - The strong sales growth is attributed to the relaxation of shopping policy restrictions for local residents and departing travelers in Hainan since October of the previous year, which has boosted shopper traffic [1] - Significant increases in average spending are driven by luxury categories such as clothing, footwear, handbags, jewelry, and mobile products [1] - Local government continues to provide subsidies for duty-free shopping [1] Group 3: Investment Outlook - The company is optimistic about China Duty Free Group's A-shares and H-shares, setting target prices at 99.59 yuan and 90.73 Hong Kong dollars, respectively, with a "buy" rating [1] - The company also has a positive outlook on Shanghai Airport, as new contracts may help the company return to a high growth trajectory, alongside no significant capital expenditures, which is expected to improve return on equity [1]

Core Viewpoint - UBS reports that Hainan's duty-free sales from January 1 to 3 increased by 129% year-on-year to 712 million yuan, with the number of duty-free shoppers rising by 61% [1] Group 1: Sales Performance - Duty-free sales growth is attributed to the relaxation of shopping policy restrictions for local residents and departing travelers in Hainan since October last year [1] - The average duty-free spending per person is estimated at 8,527 yuan, reflecting a year-on-year increase of 42.5% [1] - The quantity of purchased items also saw a year-on-year growth of 52.4%, indicating strong consumer demand [1] Group 2: Product Categories and Government Support - The increase in average spending is driven by luxury categories such as clothing, footwear, handbags, jewelry, and mobile phones [1] - Local government continues to provide subsidies for duty-free shopping, further stimulating consumer spending [1] Group 3: Investment Outlook - UBS maintains a positive outlook on China Duty Free Group's A-shares and H-shares, setting target prices at 99.59 yuan and 90.73 Hong Kong dollars, respectively, with a "buy" rating [1] - The firm is also optimistic about Shanghai Airport, as new contracts may lead the company back to a high growth trajectory, with no significant capital expenditures expected, which could improve return on equity [1]

Market Overview - The city commercial bank sector increased by 0.26% on January 5, with Hangzhou Bank leading the gains [1] - The Shanghai Composite Index closed at 4023.42, up by 1.38%, while the Shenzhen Component Index closed at 13828.63, up by 2.24% [1] Individual Bank Performance - Hangzhou Bank (600926) closed at 15.45, with a rise of 1.11% and a trading volume of 580,400 shares, amounting to a transaction value of 893 million yuan [1] - Chengdu Bank (601838) closed at 16.24, up by 0.74%, with a trading volume of 278,200 shares and a transaction value of 450 million yuan [1] - Beijing Bank (601169) closed at 5.52, increasing by 0.73%, with a trading volume of 1,428,800 shares and a transaction value of 787 million yuan [1] - Guizhou Bank (601997) closed at 5.91, up by 0.68%, with a trading volume of 255,700 shares and a transaction value of 151 million yuan [1] - Qindao Bank (002948) closed at 4.51, increasing by 0.67%, with a trading volume of 419,600 shares and a transaction value of 188 million yuan [1] - Jiangsu Bank (616009) closed at 10.46, up by 0.58%, with a trading volume of 1,271,800 shares and a transaction value of 1.331 billion yuan [1] - Xian Bank (600928) closed at 3.72, increasing by 0.54%, with a trading volume of 198,300 shares and a transaction value of 73.3 million yuan [1] - Zhengzhou Bank (002936) closed at 1.94, up by 0.52%, with a trading volume of 723,100 shares and a transaction value of 140 million yuan [1] - Lanzhou Bank (001227) closed at 2.33, increasing by 0.43%, with a trading volume of 290,200 shares and a transaction value of 67.5 million yuan [1] - Ningbo Bank (002142) closed at 28.15, up by 0.21%, with a trading volume of 271,700 shares and a transaction value of 764 million yuan [1] Capital Flow Analysis - The city commercial bank sector saw a net inflow of 380 million yuan from main funds, while retail funds experienced a net outflow of 134 million yuan [2] - The main funds' net inflow and outflow for individual banks include: - Jiangsu Bank (600919) had a net inflow of 10.4 million yuan, with a 7.78% share of main funds [3] - Shanghai Bank (601229) had a net inflow of 87.04 million yuan, with a 13.64% share of main funds [3] - Hangzhou Bank (600926) had a net inflow of 79.04 million yuan, with an 8.86% share of main funds [3] - Nanjing Bank (600000) had a net inflow of 67.86 million yuan, with a 9.68% share of main funds [3] - Ningbo Bank (002142) had a net inflow of 58.14 million yuan, with a 7.61% share of main funds [3] - Qilu Bank (601665) had a net inflow of 57.72 million yuan, with a 14.60% share of main funds [3] - Qingdao Bank (002948) had a net inflow of 22.18 million yuan, with an 11.82% share of main funds [3] - Suzhou Bank (002966) had a net inflow of 6.29 million yuan, with a 2.71% share of main funds [3] - Xiamen Bank (601187) had a net inflow of 520,450 yuan, with a 5.25% share of main funds [3] - Xian Bank (600928) had a net inflow of 287,550 yuan, with a 3.92% share of main funds [3]

Market Overview - The aviation and airport sector experienced a decline of 0.31% on January 5, with China National Aviation leading the drop [1] - The Shanghai Composite Index closed at 4023.42, up 1.38%, while the Shenzhen Component Index closed at 13828.63, up 2.24% [1] Stock Performance - Key stocks in the aviation and airport sector showed mixed performance, with China National Aviation closing at 9.20, down 1.81%, and China Eastern Airlines at 6.05, up 0.83% [2] - The trading volume and turnover for major stocks included: - China National Aviation: 1.22 million shares, turnover of 1.11 billion [2] - China Eastern Airlines: 1.79 million shares, turnover of 1.07 billion [2] - Xiamen Airport: 66,800 shares, turnover of 115 million [2] Capital Flow - The aviation and airport sector saw a net inflow of 119 million from institutional investors, while retail investors experienced a net outflow of 173 million [2] - The capital flow for specific stocks indicated: - China Eastern Airlines had a net inflow of 94.70 million from institutional investors [3] - China National Aviation faced a net outflow of 18.89 million from institutional investors [3] - Shenzhen Airport had a net inflow of 12.24 million from institutional investors [3]

2026.01. 04 本文字数：2208，阅读时长大约4分钟 作者 | 第一财经 陈姗姗 2026年元旦期间（1.01-1.03），民航旅客运输量约588.5万人次（仅含境内航司承运数据），日 均约196.2万人次，同比增长10.8%。 这是记者今日从航班管家获得的最新数据。今年元旦旅客人数同比大增，一方面与不少旅客"请3休 8"的拼假模式催热了东南亚、欧洲出境游有关，另一方面，外籍游客入境游也在持续增长。 赴日航班量大降40.5% 2026年元旦比2025年多放2天假，令不少游客有时间出境游。去哪儿平台数据显示，元旦期间热门 地区出境机票预订增4成以上，其中韩国、越南机票预订涨2倍以上。 从热度蹿升最快的目的地来看，飞往韩国首尔的出境机票量同比增长3.3倍，是增幅最高的目的地， 也是大学生群体元旦出境游首选；飞往越南胡志明市、河内的机票增幅分别达3.2倍和2.4倍，成为 23-30岁"工作党"的热门选择。 还有不少"请3休8"拼假族，选择在元旦前飞向南半球过夏天，带动前往新西兰的机票预订增长1.1 倍。此外，2025年底航线加密后，在元旦期间飞往巴西的机票增长近3倍；飞往格鲁吉亚、乌兹别 克斯坦、哈萨克斯 ...

《中国民航报》、中国民航网 记者钱擘 通讯员尚机轩 报道：2025年，上海机场苏州工业园区、苏州高新区、昆 山等异地城市航站楼全年服务旅客人数突破15万人次，同比增长44.5%。其中，上海机场苏州工业园区城市航站楼全 年服务旅客突破10万人次，以便捷高效的空地联运模式服务长三角地区旅客航空出行和互联互通，为提升上海机场全 方位门户复合型功能提供了有力支持。 值得一提的是，2025年6月，联合国环境规划署金融倡议（UNEP FI）会议在苏州举行，苏州城市航站楼为参会嘉 宾提供了多语种的值机、行李托运、航班改签，以及跨多种交通方式的抵离服务保障超120人次。会后，负责大会服 务的保障单位发出感谢信，为苏州城市航站楼的专业能力和国际化水平点赞。（编辑：许浩存 校对：张薇 审核：韩 磊） （善见 / 摄） 2025年，上海机场积极服务协调航司入驻城航楼，先后引入成都航空、英国航空、国泰航空、香港航空等多家航 司，为旅客提供更加丰富的出行选择。目前，已有18家中外航司在上海机场异地城航楼提供服务。 在服务产品创新上，上海机场联合入驻航司打造了多元化特色的服务矩阵，精准匹配商务出行、家庭出行、跨国 出行等场景。其中，东方 ...