格隆汇1月5日丨恒生电子(600570.SH)在投资者互动平台表示，公司没有投资沐曦股份。 ...

（记者 王晓波） 每经AI快讯，有投资者在投资者互动平台提问：请问贵公司是否持有沐曦股份的股份？ 恒生电子（600570.SH）1月5日在投资者互动平台表示，公司没有投资沐曦股份。 ...

今天分享的是：2025全球资管深研报告：全球智能投顾全景图 报告共计：28页 智能投顾崛起：一场金融民主化的科技革命 近年来，随着金融科技与传统财富管理的深度融合，一种名为"智能投顾"的自动化理财服务正在全球范围内悄然兴起。这份来自专业机构的深度报告，为我 们揭开了这一新兴行业的发展全景。报告指出，智能投顾的核心优势在于其低成本、高可及性与操作便捷性，它通过算法自动构建并管理投资组合，显著降 低了专业理财服务的门槛与费用，使得大众投资者能够随时随地享受以往仅面向高净值人群的资产配置服务。从早期的在线问卷工具，到全流程自动化，再 到"人机结合"的混合模式，直至当前由生成式AI驱动的超个性化智能代理，智能投顾已经完成了数次代际跃迁，其愿景始终围绕着"金融民主化"展开。 从全球市场格局来看，智能投顾行业正呈现高速扩张态势，预计到2033年市场规模将突破千亿美元。其中，美国市场占据绝对主导地位，形成了由传统资管 巨头与独立金融科技公司构成的"三超多强"竞争局面。欧洲市场则呈现出特色化发展路径，例如德国凭借独特的"ETF储蓄计划"文化积累了庞大的用户基 础。尽管中国智能投顾起步较晚，但受益于居民财富管理需求的快速增长以 ...

Group 1 - The core viewpoint of the news is the strong performance of the China Securities Financial Technology Theme Index and its constituent stocks, driven by the People's Bank of China's new action plan for digital currency management and infrastructure [1][2] - The China Securities Financial Technology Theme Index (930986) rose by 1.40%, with notable increases in constituent stocks such as Xinghuan Technology (688031) up 14.55%, Zhongke Jiangnan (301153) up 12.28%, and Lakala (300773) up 8.80% [1] - The Financial Technology ETF Index (563670) also saw an increase of 0.76%, marking its sixth consecutive rise, with the latest price reported at 0.92 yuan [1] Group 2 - The People's Bank of China's action plan for digital currency will officially start on January 1, 2026, introducing a new measurement framework, management system, operational mechanism, and ecosystem for the digital renminbi [1][2] - Key highlights of the action plan include interest payments on digital renminbi wallet balances, integration of digital renminbi into the reserve requirement framework for banking institutions, and a 100% reserve requirement for non-bank payment institutions [1][2] - The upgrade from M0 to M1 for digital currency is expected to significantly enhance its attractiveness, providing users with cash-like convenience and banks with asset-liability management capabilities [2] Group 3 - As of November 28, 2025, the top ten weighted stocks in the China Securities Financial Technology Theme Index accounted for 53.31% of the index, including companies like Tonghuashun (300033) and Dongfang Caifu (300059) [3]

Core Insights - The fourth Qingdao Digital Financial Innovation Competition successfully concluded, focusing on the theme "Leading the Financial Wave with Data, Wisdom Gathering Wealth in Qingdao" and achieving a strategic shift from "single-point breakthroughs" to "systematic tackling" [1][6] Group 1: Competition Overview - The competition featured two main units: "Outstanding Financial Technology Projects" and "Financial Technology Challenge," selecting a range of forward-looking, practical, and replicable industry-level solutions to support high-quality regional digital financial development [1][6] - A total of 28 outstanding projects were recognized, showcasing the hard power and diversified layout of local financial institutions in their digital transformation [7] Group 2: Award-Winning Projects - The first prize projects included Qingdao Rural Commercial Bank's "Technology Financial Empowerment Project based on Big Data Analysis and Privacy Computing," China Merchants Bank Qingdao Branch's "Qing Chain Pass," and Qingdao Bank's "Smart Credit Assistant System Construction Project," representing the highest level in data value release, supply chain financial ecosystem construction, and credit intelligence transformation [7] - Other notable projects included Industrial and Commercial Bank of China Qingdao Branch's "General Plug-and-Play Large Model Empowerment System," Rizhao Bank Qingdao Branch's "New Paradigm for Agricultural Product Pledge Business," and Bank of Communications Qingdao Branch's "Smart Anti-Fraud Risk Control Ecosystem," reflecting a comprehensive digital innovation landscape in Qingdao's financial sector [2][7] Group 3: Technology Companies Participation - Top technology companies such as 360 Digital Security, iFLYTEK, Ant Blockchain, and Hang Seng Electronics participated in the "Financial Technology Challenge," submitting high-scoring solutions that matched the core pain points identified by financial institutions [3][8] - A total of 21 benchmark solutions were selected, including 360 Digital Security's "Host Protection System Thinking," which won the "Network Security Protection and Micro-Isolation Technology" category, and iFLYTEK's AI digital human application that supports over 130 languages and enhances financial services [8][9] Group 4: Collaborative Mechanism - The competition introduced a collaborative mechanism involving three organizing bodies and four financial institutions, addressing the challenges of resource fragmentation and demand diversification in financial innovation [4][10] - Joint lists focused on key aspects of digital financial scene implementation, elevating the goals from individual institutional needs to addressing systemic challenges affecting regional financial development [10] Group 5: Ecosystem Development - The Qingdao Digital Financial Innovation Competition has evolved into a significant platform for deepening financial supply-side structural reform and building a regional financial technology innovation ecosystem [11] - The competition has successfully established a fusion system of "government guidance, enterprise leadership, and market operation," facilitating the transition of innovative results from the laboratory to practical applications [11][12]

Group 1 - The core point of the news is that Hengsheng Electronics has seen a stock price increase of 1.09%, reaching 30.53 yuan per share, with a total market capitalization of 57.828 billion yuan as of the report date [1] - Hengsheng Electronics, established on December 13, 2000, and listed on December 16, 2003, primarily develops application software for industries such as securities, banking, and funds, with software revenue accounting for 99.45% of its total revenue [1] - The company reported a trading volume of 2.57 billion yuan and a turnover rate of 0.45% [1] Group 2 - Huatai-PB Fund's Huatai-PB CSI 300 ETF (510300) reduced its holdings in Hengsheng Electronics by 1.2189 million shares in the third quarter, now holding 25.7274 million shares, which is 1.36% of the circulating shares [2] - The Huatai-PB CSI 300 ETF has a total scale of 425.581 billion yuan and has achieved a year-to-date return of 21.06%, ranking 2631 out of 4195 in its category [2] - The fund manager, Liu Jun, has a tenure of 16 years and 214 days, with the best fund return during his tenure being 148.64% [2] Group 3 - The Huatai-PB Cloud Computing ETF (159738) also reduced its holdings in Hengsheng Electronics by 232,700 shares in the third quarter, now holding 327,900 shares, which represents 2.23% of the fund's net value [3] - The Cloud Computing ETF has a total scale of 5.07 billion yuan and has achieved a year-to-date return of 79.86%, ranking 139 out of 4195 in its category [3] - The fund manager, Li Qian, has a tenure of 6 years and 58 days, with the best fund return during her tenure being 95.7% [4]

经济观察网12月28日，恒生电子（600570）联合创始人刘曙峰在参加中国财富管理50人论坛2025年会时 表示，2025年大模型的产业应用取得实质性突破。以金融为例，场景集中体现交互入口、文档信息处 理、客户服务等场景下，同时，大模型在代码生成环节的生产有效性也得到了印证。在智能体Agent的 发展领域，有望在未来一年取得实质性的进展。在精准计算领域，传统小模型对结构化数据的处理能力 不能也无需被替代，大小模型的混合使用可以是一种有效的方式。与此同时，大模型的幻觉问题无法从 根本上消除，需要探索有效的边界并接受与大模型幻觉共存，在金融领域，这意味着AI在风险管理， 投资决策等高价值部位的有效使用。 刘曙峰表示，大模型金融应用仍处于初级阶段，限制发展速度的主要因素包括私有化部署的有效性，业 务的合规风险以及预算的约束。对很多机构而言，观望不失为一种有限策略，不必焦虑。从长期战略的 角度看，底层技术的进步最终会改变商业模式和产业范式的基础架构，最新的观察是数据中台和AI中 台的融合，以及所谓"本体"的业务逻辑模型，行业know-how的深度和抽象能力仍然是核心竞争力的来 源。 ...

Core Insights - The Sanya International Forum and the Fifth Sanya Wealth Management Conference highlighted the theme of "Future Positioning of Hainan Free Trade Port and New Opportunities in Sanya" [1] - Financial technology and artificial intelligence are identified as core drivers for the transformation and upgrading of the wealth management industry post-Hainan's customs closure [3] Financial Technology and AI Applications - Financial institutions are expected to gather in Hainan, leading to demands for innovation in financial markets and infrastructure [3] - AI can significantly enhance investment research efficiency, reducing report writing discrepancies from over 25% to around 15% [8] - AI systems can generate personalized asset allocation suggestions based on client profiles, covering various financial products [10] - AI plays a crucial role in risk management and intelligent customer service, enhancing operational efficiency [10] Future Outlook for Sanya - Sanya is projected to become a hub for the globalization of the Renminbi, financial technology applications, and financial data services [3][13] - The wealth management sector is shifting from yield-driven to risk-driven models, increasing the demand for financial technology and data services [6] Infrastructure and Market Development - The influx of investors will lead to the establishment of new financial institutions and innovative market infrastructure [5] - The development of trading systems, including potential 24/5 trading models, is being explored to enhance transaction efficiency [5] Data Utilization and AI Integration - Data is becoming increasingly vital in Sanya, with a focus on providing global data related to the Renminbi [11] - The introduction of AI-friendly databases aims to facilitate easier access to relevant data for wealth management institutions [11] - AI's capabilities are being integrated into customer service processes, enhancing client interactions and satisfaction [10][13]

转自：证券时报 人民财讯12月27日电，12月27日，恒生电子执行总裁官晓岚在三亚·财经国际论坛暨第五届三亚财富管 理大会上表示，海南封关为金融科技与财富管理带来重要机遇。他指出，公司将围绕金融机构入驻海南 的需求，提供涵盖资产管理、财富管理、交易系统及风险控制在内的金融科技服务，助力建设更完善的 金融基础设施。 官晓岚还表示，人工智能已在金融领域快速落地，特别是在投研支持、智能投顾、风险识别与客户服务 等方面发挥显著作用，能有效提升信息处理效率和决策依据的可靠性，而数据是AI发展的关键。 ...

Group 1 - The Sanya Financial International Forum and the 5th Sanya Wealth Management Conference will be held on December 27 in Sanya, Hainan, with the presence of the Executive President of Hengsheng Electronics, Guan Xiaolan [1][3] - Guan Xiaolan indicated that after the closure of the Hainan Free Trade Port, a significant influx of investors is expected, leading to a follow-up from financial institutions, which may drive the development of the entire financial market and infrastructure [3][5] - The company aims to provide services to financial institutions, investors, and regulators, emphasizing the importance of financial technology services as financial institutions establish their presence [5] Group 2 - Guan Xiaolan views wealth management as a broad concept, focusing on channeling residents' funds into innovative enterprises, and aims to facilitate this pathway through financial services [5] - Hengsheng Electronics plans to offer asset management, wealth management services, as well as trading, exchanges, and risk management services [5]