金融科技ETF指数紧密跟踪中证金融科技主题指数，中证金融科技主题指数选取产品与服务涉及金融科 技相关领域的上市公司证券作为指数样本，以反映金融科技主题上市公司证券的整体表现。 数据显示，截至2025年11月28日，中证金融科技主题指数(930986)前十大权重股分别为同花顺 (300033)、东方财富(300059)、恒生电子(600570)、指南针(300803)、润和软件(300339)、东华软件 (002065)、新大陆(000997)、银之杰(300085)、广电运通(002152)、四方精创(300468)，前十大权重股合 计占比53.31%。 以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 截至2025年12月31日 13:19，中证金融科技主题指数(930986)强势上涨1.40%，成分股星环科技(688031) 上涨14.55%，中科江南(301153)上涨12.28%，拉卡拉(300773)上涨8.80%，长亮科技(300348)，翠微股份 (603123)等个股跟涨。金融科技ETF指数(563670)上涨0.76%， 冲击6连涨。最新价报0.92元。 消息面上，日前 ...

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]

12月30日，恒生电子涨1.09%，截至发稿，报30.53元/股，成交2.57亿元，换手率0.45%，总市值578.28 亿元。 华泰柏瑞沪深300ETF（510300）成立日期2012年5月4日，最新规模4255.81亿。今年以来收益21.06%， 同类排名2631/4195；近一年收益19.68%，同类排名2613/4179；成立以来收益116.62%。 华泰柏瑞沪深300ETF（510300）基金经理为柳军。 截至发稿，柳军累计任职时间16年214天，现任基金资产总规模5425.04亿元，任职期间最佳基金回报 148.64%， 任职期间最差基金回报-45.64%。 从基金十大重仓股角度 数据显示，华泰柏瑞基金旗下1只基金重仓恒生电子。云计算ETF华泰柏瑞（159738）三季度减持23.27 万股，持有股数32.79万股，占基金净值比例为2.23%，位居第十大重仓股。根据测算，今日浮盈赚取约 10.82万元。 云计算ETF华泰柏瑞（159738）成立日期2022年1月18日，最新规模5.07亿。今年以来收益79.86%，同 类排名139/4195；近一年收益73.19%，同类排名144/4179；成立以来 ...

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。 ...

三亚•财经国际论坛暨第五届三亚财富管理大会12月27日在海南三亚举办。恒生电子股份有限公司执行 总裁官晓岚出席并发言。 官晓岚指出，海南自贸港封关后，预计会有很多投资者涌入海南，金融机构也会纷纷跟进，这可能带动 整个金融市场及金融基础设施发展，监管也会随新客户、新业务成长，更多考虑创新建设。 他表示，恒生电子为金融机构、投资者、监管提供服务，金融机构入驻后，要做好金融科技服务。在他 看来，财富管理是广义概念，核心是将居民资金投向创新企业，希望金融打通这一路径。因此，恒生电 子会提供资产管理、财富管理相关服务，以及交易、交易所、风险管理等服务。 新浪声明：所有会议实录均为现场速记整理，未经演讲者审阅，新浪网登载此文出于传递更多信息之目 的，并不意味着赞同其观点或证实其描述。 责任编辑：王翔 专题：2025三亚•财经国际论坛 专题：2025三亚•财经国际论坛 三亚•财经国际论坛暨第五届三亚财富管理大会12月27日在海南三亚举办。恒生电子股份有限公司执行 总裁官晓岚出席并发言。 官晓岚指出，海南自贸港封关后，预计会有很多投资者涌入海南，金融机构也会纷纷跟进，这可能带动 整个金融市场及金融基础设施发展，监管也会随新客 ...

Core Insights - The rise of robo-advisors is driven by the integration of financial technology and traditional wealth management, offering low costs, high accessibility, and convenience. Post-global financial crisis, stricter regulations and technological advancements have facilitated the emergence of non-bank fintech companies, with robo-advisors serving as a cost-effective alternative to human advisors. They utilize algorithms to automatically construct investment portfolios, significantly reducing advisory fees and breaking geographical barriers, allowing investors to access professional services anytime and anywhere. Robo-advisors particularly attract low-income groups and younger users by minimizing trading costs through passive investment strategies, enhancing capital market participation for long-term goals like retirement and emergency savings. The evolution of robo-advisors has progressed through four stages: early online questionnaires and static advice, full automation and passive management, establishment of hybrid models, and AI-driven hyper-personalization and intelligent agents [2][9][10]. - The global robo-advisory market is experiencing rapid expansion, with the U.S. maintaining a dominant position while emerging markets like China show significant potential for growth. The market size is projected to increase from $7.7 billion in 2023 to approximately $116.4 billion by 2033, with the U.S. accounting for 81% of global assets under management (AUM). The competitive landscape in the U.S. has formed a "three giants and many strong" scenario, with Vanguard, Schwab, and Fidelity as the major players, while independent unicorns like Betterment and Wealthfront continue to thrive. In Europe, the market share remains relatively small, with key players categorized into pan-European super platforms, market consolidators, and regional champions. China's robo-advisory market is expected to exceed $2 billion by 2028 and $4 billion by 2030, contributing to the development of passive investment strategies and long-term capital market participation [2][15][21][25][30]. - The business model of robo-advisors is evolving towards platformization and ecosystem integration, with revenue models shifting from single asset management fees to layered charging and technology empowerment. Robo-advisors have expanded from B2C to B2B and ecosystem models, exemplified by Ant Wealth's scenario collaboration for traffic conversion. Revenue diversification includes pure digital models relying on AUM management fees, tiered subscription models offering premium services, B2B tool empowerment models generating profits through technology output, and ecosystem platform models depending on product distribution commissions. This evolution highlights the industry's transition from scale expansion to value extraction [2][35][39]. - The core competitive advantages of leading robo-advisors include comprehensive strength, digital experience, and user-friendliness for beginners. Platforms with strong comprehensive capabilities often excel in long-term performance and service quality, while the best digital planning platforms possess robust personal asset aggregation tools that create automated financial management loops. User-friendly platforms may excel in brand trust or community ecosystem development. In the competitive landscape, Betterment and Wealthfront not only survive but thrive, embodying the pure fintech spirit by creating value through technological innovation and exceptional user experience [2][39][50]. - The development trend of robo-advisors is characterized by a philosophical debate between "active" and "passive" investment strategies. Analyzing the portfolio data of various robo-advisors reveals a shift in the industry towards this philosophical contention, categorized into MPT believers (Vanguard & Betterment), potential active managers (SoFi & Axos), and tech-driven alpha harvesters (Wealthfront) [2][11]. - Looking ahead, the industry is poised for significant restructuring and a new journey. By 2025, the robo-advisory sector will have transitioned from rapid growth to a phase of integration and iteration. Three major trends are expected to continue: industry consolidation, a shift from scale to sustainable profitability, and AI reshaping robo-advisory services. The complete withdrawal of bank-affiliated robo-advisors reflects ongoing industry consolidation, as the mismatch between customer acquisition costs and lifetime value necessitates substantial new scale to cover technology and compliance costs. Independent platforms are now focusing on sustainable profitability rather than blind scale expansion, as exemplified by Robinhood's acquisition of AI financial planning company Pluto and the launch of its own robo-advisory service, which aims to provide genuinely personalized financial consulting through large language models [2][15][30].

风险提示：基金有风险，投资需谨慎。 12月25日，A股市场震荡整理，沪深两市涨跌互现，国产软件板块上涨0.77%。截至11点15分，计算机 ETF南方(159586.SZ)涨0.78%，恒生电子涨1.49%。 长江证券认为，2025年计算机板块基本面弱复苏， 2026年AI步入下半场，完善系统能力、应用落地为王。基本面看，2025年板块收入修复，利润增速上 行由降本驱动，合同负债连续增长支撑营收修复。行情上，当前应用落地为核心叙事，AI应用兑现处 早期制约板块β，但AI上下半场切换，推理算力需求将提振。军备竞赛利好基础资源，聚焦云与国产算 力，云有望价值定价提升毛利，国产算力供需格局景气，量子计算成新范式。模型侧头部集中，应用侧 关注垂类闭环场景。计算机ETF南方(159586.SZ)可把握AI驱动的板块机会，覆盖云、算力及应用等核心 领域。（A类021653，C类021654） 资讯所属栏目还有更多独家策划、专家专栏，免费查阅>> ...

Group 1 - The core viewpoint of the news is the strong performance of the financial technology sector, highlighted by the rise of the China Securities Financial Technology Theme Index and its constituent stocks, driven by supportive government policies for digital currency and cross-border payment initiatives [1][2] Group 2 - As of December 25, 2025, the China Securities Financial Technology Theme Index (930986) increased by 1.04%, with notable gains from stocks such as Lakala (300773) up 5.43%, Sifang Jingchuang (300468) up 5.25%, and Nantian Information (000948) up 3.97% [1] - The People's Bank of China and eight other departments released an opinion on December 24, supporting the construction of the Western Land-Sea New Corridor and promoting the use of central bank digital currencies in cross-border payments with countries like Thailand, Hong Kong, UAE, and Saudi Arabia [1] - The digital renminbi is expected to accelerate penetration across the industrial chain, with significant growth potential in the banking IT and financial technology sectors, as well as in downstream payment ecosystems [2] - The top ten weighted stocks in the China Securities Financial Technology Theme Index account for 53.31% of the index, with companies like Tonghuashun (300033) and Dongfang Caifu (300059) among the leaders [2]