今天上午，以光通信为代表的算力链和商业航天板块是市场表现最强的两大主线。 《人民日报》报道，12月6日15时53分，长征八号甲运载火箭成功将卫星互联网低轨14组卫星发射升空。 前者重演了今年7—8月经常上演的一幕——批量龙头股集体创历史新高。今天上午，中际旭创（300308）、天孚通信（300394）、长光华芯、源杰科技、 仕佳光子、东田微（301183）等个股大涨，盘中股价均创历史新高。 商业航天板块近期持续上涨，机构认为板块迎来"政策面、业绩面、技术面"三重拐点。今天上午，板块再度大涨，盘面上一个鲜明的特征是股票名字中 含"航天"的个股盘中一度全部上涨。其中，航天动力（600343）、航天工程（603698）、航天科技（000901）、航天发展（000547）涨停，航天电子 （600879）涨超8%。 截至上午收盘，上证指数上涨0.62%，深证成指上涨1.55%，创业板指上涨3.02%。 商业航天板块上涨 今天上午，商业航天板块掀起涨停潮，银邦股份（300337）、红相股份（300427）等个股"20CM"涨停。 | | ▼ | 商业航天 2034.18 2.93% | | | | --- | --- | ...

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！ 随着"十五五"规划蓝图绘就，中国资本市场高质量发展的路线图进一步清晰。证监会主席吴清日前指 出，未来五年是全面深化资本市场改革、加快打造一流投行和投资机构的战略机遇期。政策信号明确之 下，多家头部券商密集发布展望报告，拆解规划带来的投资新范式。 聚焦金融行业自身的改革与成长机遇 中信证券研究表示，"十五五"期间，证券行业格局有望深度重塑，推动行业实现错位发展，10家引领行 业发展的综合性机构将逐步成型。投行业务、衍生品业务、期货业务和资产证券化业务的监管周期有望 逐步回暖，证券公司有望通过内生增长和并购重组实现自身的长足发展，资产配置、综合服务和国际化 能力有望成为行业分化的决定因素。建议关注冲击国际一流投行的龙头证券公司以及具备跻身头部梯队 潜力的中大型证券公司。 国泰海通金融团队指出，保险业、券商业、银行业在 "十五五" 期间的发展目标与预期明确，将实现规 模与质量协同提升。1）保险业预计规模与质量双升，2030 年保费收入或达 8 万亿元、行业总资产有望 突破 60 万亿元，更加突出保险服务实体经济的 "减震器" 与保障民生的 " ...

Core Viewpoint - The resurgence of brokerage stocks in the A-share market is driven by regulatory support and an increase in new margin trading accounts, indicating a positive market sentiment and potential investment opportunities [1][2][5]. Group 1: Market Performance - On December 8, A-share brokerage stocks saw significant gains, with notable increases in stocks like Industrial Securities and Northeast Securities, although the overall gains later moderated [1]. - The A-share market experienced a structural differentiation in November, with the Shanghai Composite Index declining by 1.67% amid market fluctuations [3][8]. Group 2: Regulatory Support - The China Securities Regulatory Commission (CSRC) announced plans to enhance classification supervision, optimize evaluation indicators for quality institutions, and expand capital space and leverage limits, which is expected to improve capital utilization efficiency [2]. Group 3: Margin Trading Data - In November, 140,731 new margin trading accounts were opened, reflecting an 8% increase from October, continuing a trend of mild growth in both margin and regular A-share accounts [4][5]. - As of the end of November, the total number of margin trading accounts reached 15.517348 million, with 96 securities firms operating 11,614 business outlets for margin trading [6][8]. Group 4: Margin Trading Balance - Despite the increase in new accounts, the margin trading balance decreased for the first time in six months, falling to 2.47355 trillion yuan, a decline of approximately 0.51% from October [8]. - The decline in margin trading balance is attributed to increased market volatility, leading investors to be more cautious and some to repay financing, resulting in a slight contraction [8]. Group 5: Investor Participation - As of December 4, the margin trading balance was reported at 2.483863 trillion yuan, with individual investors numbering approximately 7.8219 million and institutional investors at 50,600 [10]. - The average maintenance guarantee ratio for investors with margin trading liabilities was 270.95%, indicating that overall risk remains manageable [10].

记者丨黎雨桐 编辑丨金珊 12月8日，A股市场早盘震荡反弹，截至早盘收盘，沪指涨0.62%，深成指涨1.55%，创业板指涨3.02%。沪深两市半日成交额1.30万亿，较上个 交易日放量3025亿。全市场超3500只个股上涨。 | 上证指数 | 深证成指 | 北证50 | | --- | --- | --- | | 3927.19 | 13351.47 | 1428.30 | | +24.39 +0.62% +203.80 +1.55% +19.96 +1.42% | | | | 科别20 | 创业板指 | 万得全A | | 1348.31 | 3203.06 | 6320.41 | | +22.21 +1.67% +93.77 +3.02% | | +69.77 +1.12% | | 沪深300 | 中证500 | 中证A500 | | 4632.29 | 7168.66 | 5570.34 | | +47.75 +1.04% +70.83 +1.00% +56.59 +1.03% | | | | 中证1000 | 深证100 | 中证红利 | | 7419.39 | 5889.14 | 5531.62 | ...

Market Overview - The market showed a clear recovery signal with major indices rising: Shanghai Composite Index up 0.62%, Shenzhen Component Index up 1.55%, and ChiNext Index up 3.02% [1] - Over 3,500 stocks increased in value, with trading volume surging by over 298 billion compared to the previous day [1] Policy Impact - Recent regulatory changes, including adjustments to risk factors for insurance companies, are expected to release more margin, providing a boost to the market [1] - The Chairman of the China Securities Regulatory Commission (CSRC) indicated that regulatory measures will enhance capital space and leverage limits for brokerages, improving capital efficiency [1] Sector Performance Financial Sector - The financial sector, particularly securities and insurance, experienced significant gains, with major firms like Industrial Securities leading the rise [2][5] - The CSRC's announcement regarding the expansion of capital space for brokerages is anticipated to benefit their margin trading and derivative businesses [5] Commercial Aerospace - The commercial aerospace sector saw strong performance, with companies like Longzhou Co. and Shunhao Co. achieving consecutive gains [4] - The sector is buoyed by positive news regarding the upcoming launch of a satellite manufacturing facility in Wenchang, aiming for significant revenue growth by 2027 [4] CPO Concept - The CPO (Cloud-based Processing Operations) concept surged, with companies like Dongtian Micro and Tianfu Communication hitting historical highs [6] - The demand for AI computing power is driving the global optical module industry towards significant upgrades, creating opportunities in this sector [6] Institutional Insights - Citic Securities noted that before any unexpected changes in domestic demand, market fluctuations and structural opportunities will be common [8] - Guojin Securities highlighted that the market's main line will gradually become clearer, with a positive cycle expected between the relaxation of non-bank financial institutions' constraints and the recovery of overall profitability [8]

2025.12. 08 本文字数：1485，阅读时长大约2分钟 作者 | 一财 阿驴 11:31 A股午盘丨创业板指半日涨超3% 截至午盘，沪指涨0.62%，深成指涨1.55%，创业板指涨3.02%。 盘面上，题材股多点开花，CPO方向领涨，算力硬件、6G、超硬材料、商业航天、半导体、锂矿、 金融科技概念股纷纷走强。煤炭、油气板块走弱。 | 板块名称 | 涨幅号 | 涨速 | 涨停数 | | --- | --- | --- | --- | | 共封装光学(CPO) | +4.66% | +0.01% | | | F5G概念 | +4.64% | -0.02% | | | 通信设备 | +3.84% | -0.01% | 5 | | 光纤概念 | +3.73% | -0.02% | પ | | 铜缆高速连接 | +3.56% | -0.00% | 4 | | 6G概念 | +3.28% | +0.07% | 15 | | 能源金属 | +3.27% | +0.33% | | | 大赫弦 | +3.19% | +0.14% | | | 元件 | +2.96% | -0.02% | | | 华为手机 | +2.93 ...

就在周末，金融圈疯狂刷屏政策红包。 证监会吴清释放关键信号，优质券商杠杆上限放宽。 上周末，券商板块迎来了重磅的利好。 证监会主席吴清在参加中国证券业协会第八次会员大会时表示，对优质机构适当松绑，适度打开资本空 间与杠杆限制。 对中小券商、外资券商在分类评价、业务准入等方面探索实施差异化监管，对于少数问题券商要依法从 严监管，违法的从严惩治。 这是管理层激活资本市场的明确信号。 受此利好影响，港A两地券商板块集体爆发。 A股市场中，兴业证券涨停，东北证券涨5.2%，华泰证券、国泰海通涨超4%，华安证券、中信证券、国 信证券涨超3%。 | 代码 | 名称 | 最新价 | 涨跌额 | 涨跌幅 √ | | --- | --- | --- | --- | --- | | 601377 | 兴业证券 | 7.92 | +0.72 | 10.00% | | 000686 | 东北证券 | 9.71 | +0.48 | 5.20% | | 601688 | 华泰证券 | 22.73 | +0.93 | 4.27% | | 601211 | 国泰海通 | 20.55 | +0.82 | 4.16% | | 606009 | ...

Market Overview - The Shanghai Composite Index increased by 0.43% as of 10:29 AM, with a trading volume of 608.72 million shares and a transaction value of 965 billion yuan, representing a 31.11% increase compared to the previous trading day [1]. Industry Performance - The top-performing sectors included: - **Telecommunications**: Increased by 3.80%, with a transaction value of 870.50 billion yuan, led by Tianfu Communication, which rose by 16.64% [1]. - **Comprehensive**: Increased by 2.01%, with a transaction value of 30.29 billion yuan, led by Dongyangguang, which rose by 4.03% [1]. - **Defense and Military Industry**: Increased by 1.97%, with a transaction value of 603.60 billion yuan, led by Hengyu Xintong, which rose by 16.60% [1]. - The sectors with the largest declines included: - **Coal**: Decreased by 1.89%, with a transaction value of 59.55 billion yuan, led by Antai Group, which fell by 3.80% [2]. - **Steel**: Decreased by 1.17%, with a transaction value of 45.09 billion yuan, led by CITIC Special Steel, which fell by 3.95% [2]. - **Petroleum and Petrochemicals**: Decreased by 0.71%, with a transaction value of 45.01 billion yuan, led by Heshun Petroleum, which fell by 8.13% [2]. Detailed Industry Data - **Non-Bank Financials**: Increased by 1.86%, with a transaction value of 548.82 billion yuan, led by Industrial Securities, which rose by 10.00% [1]. - **Electronics**: Increased by 1.60%, with a transaction value of 1,705.96 billion yuan, led by Dongtianwei, which rose by 20.00% [1]. - **Computers**: Increased by 1.44%, with a transaction value of 686.69 billion yuan, led by Rongke Technology, which rose by 19.85% [1].

据天眼查APP显示，兴业证券股份有限公司成立于2000年05月19日，注册资本863598.7294万人民币。 （数据宝） （文章来源：证券时报网） 数据宝统计，截至10:27，兴业证券成交额39.12亿元，创2022年6月16日以来新高。最新股价上涨 10.00%，换手率5.81%。上一交易日该股全天成交额为25.17亿元。 ...

Market Overview - On December 8, the A-share market showed a strong upward trend, with the ChiNext Index rising over 1% at one point [1] - Major indices such as the Shanghai Composite Index and Shenzhen Component Index experienced slight increases of 0.10% and 0.37% respectively [2] Sector Performance - The brokerage sector saw significant gains, with stocks like Industrial Securities hitting the daily limit, and others like Ruida Futures and Northeast Securities also performing well [5] - The commercial aerospace sector continued its strong performance, with companies like Tianjian Technology and Aerospace Science and Technology reaching their daily limits [7] Index and Stock Data - The Shanghai Composite Index closed at 3906.70, up 3.89 points; the Shenzhen Component Index closed at 13196.83, up 49.15 points; and the ChiNext Index closed at 3138.25, up 28.95 points [2] - Notable stock performances included: - Industrial Securities: 7.92, +10.00%, market cap 68.4 billion, YTD +28.39% [6] - Ruida Futures: 29.38, +10.00%, market cap 13.1 billion, YTD +108.53% [6] - Northeast Securities: 10.04, +8.78%, market cap 23.5 billion, YTD +29.75% [6] Policy and Regulatory Developments - The China Securities Regulatory Commission (CSRC) emphasized strengthening classified regulation and optimizing evaluation indicators for quality institutions, which may enhance capital utilization efficiency [6] - The National Space Administration issued a plan to support commercial entities in participating in national research projects, aiming to create a dual-driven development model of "market + government" for the commercial aerospace industry [9]