两连涨后两连跌，新年开门走了个寂寞。今天三大指数全天维持在中轴下方弱势盘整。截至收盘，沪指 跌0.07%，深成指跌0.51%，创业板指跌0.82%。两市合计超3700只个股下跌，合计成交额2.8万亿。 商业航天概念集体爆发，其中鲁信创投10天8板，金风科技3连板。脑机接口概念延续强势，其中创新医 疗、普利特、南京熊猫4连板。可控核聚变概念表现活跃，其中中国一重、国机重装、中国核建2连板。 AI应用概念走高，其中久其软件、宝信软件涨停。 保险板块低开低走陷入调整，截至收盘下跌2.17%，其中中国平安下跌4.18%，中国人寿下跌2.33%，中 国人保、中国太保等股跌幅均在1%上方。涨停强势的强势大回调，其中华林证券跌停。 大盘两连跌，一方面是受到宏观因素的影响，最为主要的还是对开门红的谨慎。 ...

US health insurance companies continued to dominate the ranking of the world's largest insurers in terms of 2024 net premiums written (NPW), with UnitedHealth Group Inc. maintaining its top spot, reporting $308.81 billion in NPW, an increase of 6.2% year over year. Our ranking of the world's largest insurance companies by NPW and non-banking assets is based on research data from ratings agency AM Best and lists the top 25 insurers by both metrics in 2024. Ranked by 2024 NPW, four of the top five insurers an ...

根据赛程，第二届中国人寿·CBA俱乐部杯决赛阶段将于2月6日至2月12日在位于呼和浩特市的内蒙古体 育馆举办。揭幕战定于2月6日16:00打响，2月12日19:30进行总决赛，期间八强球队浙江稠州金租、山 东高速、上海久事、广东东阳光、浙江方兴渡、长白山恩都里、山西汾酒、北京控股将在呼和浩特市按 照对阵进行单败淘汰赛（共8场比赛），按排名办法最终产生本届杯赛所有名次。 转自：草原云 1月7日，第二届中国人寿·CBA俱乐部杯决赛阶段竞赛日程出炉。 场序4胜者 va 场序3胜者 6 上半区 19:30 休赛日 2月10日 周二 2月11日 周三 7 三、四名 19:30 场序5负者 v8 场序6负者 EFTER BEW 场序5胜者 v8 场序6胜者 总决赛 19:30 B 媒体合作伙伴 央视体育 n, OHOE , c 抖音 Media Partners CEW SPORTS 来赛阶段对阵图 2025-2026 半决赛 半决赛 四名决赛 山西铝场 内蒙古自治区呼和浩特市 内蒙古体育馆 HD C : 时间：2026年2月6日-2月12日 媒体合作伙伴 n OHOEW F 抖音 Media Partners 据了解， ...

其中，四家跻身万亿市值俱乐部的上市公司为：工业富联、中国平安、中国人寿、招商银行。 至此，万亿市值"巨头"排行呈现"金字塔式"：约5万亿市值的中国上市企业仅腾讯一家，长期 领跑；2—5万亿市值梯队的仅三家（工行、农行、阿里巴巴）；大部分企业集中在1万亿至2万 亿市值梯队，这一梯队企业排名轮换较多。 这种"金字塔式"，既体现出头部企业的竞争优势与护城河深度，也体现出1万亿至2万亿梯队的 企业可能受产业周期、政策导向、业绩表现等影响而出现的市值变动。 | | | | A+H中国万亿市值上市企业 | | | | --- | --- | --- | --- | --- | --- | | 序号 | 证券代码 | 上市公司 | 总市值 | 总市值 | 涨跌幅 | | | | | （截至2025年年末） | (截至2024年年末) | | | 1 | 0700.HK | 腾讯控股 | 5.46万亿港元 | 3.85万亿港元 | 42.02% | | 2 | 601398.SH | 工商银行 | 2.63万亿元 | 2.28万亿元 | 15.17% | | 3 | 601288.SH | 农业银行 | 2.61万亿元 | ...

Core Insights - The number of companies with a market capitalization exceeding 1 trillion yuan in mainland China has increased to 14 by the end of 2025, with a total market value increase of over 9 trillion yuan, reflecting a growth rate of over 50% [1][2] Group 1: New Trillion-Yuan Companies - Four new companies have joined the trillion-yuan market cap club: Industrial Fulian, China Ping An, China Life, and China Merchants Bank, with four headquartered in Shenzhen [3][4] - Industrial Fulian has seen a remarkable market cap increase of approximately 188%, while the other three companies in the financial sector have experienced more modest growth rates: China Ping An at 32.02%, China Life at 16.16%, and China Merchants Bank at 10.87% [4][5] Group 2: Market Trends and Dynamics - The rise of these companies reflects two core market dynamics: explosive growth in the technology sector and valuation recovery in the financial sector [5] - Industrial Fulian's rapid growth is attributed to its comprehensive involvement in the AI industry chain, with a significant revenue increase of 38.4% year-on-year, reaching 603.93 billion yuan in the first three quarters of 2025 [6] - China Life has reported a total premium exceeding 700 billion yuan, with a 41% increase in total investment income, while China Ping An has established a strong competitive barrier through its extensive customer base and technology capabilities [7] Group 3: Performance of Major Players - Tencent and Alibaba have also seen significant market cap increases, with both companies adding over 1 trillion Hong Kong dollars to their valuations, driven by AI advancements and a recovery in their core businesses [8][10] - Tencent's market cap reached 5.46 trillion Hong Kong dollars by the end of 2025, with a stock price increase of over 40%, while Alibaba's market cap rose to 2.73 trillion Hong Kong dollars [10][11] Group 4: Banking Sector Insights - The banking sector has shown signs of valuation recovery, with Agricultural Bank of China achieving a notable stock price increase of over 50% and breaking the long-standing "price-to-book" ratio below 1 [12][13] - Agricultural Bank's revenue for the first three quarters of 2025 was 550.88 billion yuan, with a net profit of 220.86 billion yuan, reflecting a year-on-year increase of 3.03% [12][13]

Core Insights - The number of companies with a market capitalization exceeding 1 trillion yuan in mainland China has increased to 14 by the end of 2025, up from 10 at the end of the previous year, with a total market capitalization increase of approximately 9 trillion yuan, representing a growth rate of over 50% [1][4][15] Group 1: Market Capitalization Growth - The newly added companies to the trillion-yuan market cap club include Industrial Fulian, China Ping An, China Life, and China Merchants Bank, with four of them headquartered in Shenzhen [1][4] - The market capitalization ranking shows a "pyramid" structure, with Tencent leading at approximately 5 trillion yuan, followed by three companies (ICBC, ABC, Alibaba) in the 2-5 trillion yuan range, while most companies are in the 1-2 trillion yuan range [1][13] Group 2: Sector Performance - The growth in market capitalization is characterized by a leading performance in technology and new sectors, while financial and energy sectors show stable growth [1][9] - Technology and new sector companies have seen growth rates exceeding 40%, while financial and energy companies have growth rates concentrated in the 10%-35% range [9][15] Group 3: Notable Companies - Industrial Fulian has emerged as a standout performer with a staggering market cap increase of approximately 188%, driven by its core business in AI and precision manufacturing [4][5] - China Ping An, China Life, and China Merchants Bank represent the financial sector's recovery, with respective market cap growth rates of 32.02%, 16.16%, and 10.87% [4][5] Group 4: Financial Sector Dynamics - China Life has successfully transformed its product and business structure, achieving a total premium income exceeding 700 billion yuan and a significant increase in investment income [6] - China Ping An operates as a comprehensive service group with a strong customer base, which has contributed to its valuation recovery [6] - China Merchants Bank, known for its retail banking strength, reported a total revenue of 251.42 billion yuan in the first three quarters of 2025, maintaining its position as a leading bank [7] Group 5: AI Impact on Market - Tencent and Alibaba have both seen their market capitalizations increase by over 1 trillion yuan, driven by their advancements in AI technology and integration into their business models [9][10] - Tencent's market cap reached 5.46 trillion HKD, with a year-on-year increase of over 40%, while Alibaba's market cap rose to 2.73 trillion HKD, supported by a recovery in its e-commerce business [9][10][11]

| 代码 | 名称 | 现价 | 涨跌幅 ▲ | | --- | --- | --- | --- | | 002945 | 华林证券 | 16.92 | -10.00% | | 600909 | 华安证券 | 7.11 | -5.58% | | 601688 | 华泰证券 | 23.99 | -4.88% | | 601377 | 兴业证券 | 7.27 | -4.59% | | 601318 | 中国平安 | 70.05 | -4.63% | | 000776 | 广发证券 | 22.19 | -4.19% | | 601211 | 国泰海通 | 21.27 | -4.28% | | 600030 | 中信证券 | 28.56 | -3.19% | | 600958 | 东方证券 | 10.94 | -3.10% | | 000783 | 长江证券 | 8.48 | -3.09% | | 601108 | 财通证券 | 8.70 | -3.01% | | 002736 | 国信证券 | 13.37 | -2.98% | | 002961 | 瑞达期货 | 26.25 | -2.96% | | 600053 ...

数据来源：国家金融监督管理总局，智研咨询整理 2025年1-11月新疆维吾尔自治区原保险保费收入共计741.48亿元，同比增长4.09%，新疆维吾尔自治区 累计原保险保费收入不同险种类别中寿险占比最高，为338.27亿元，占比45.62%。 2020年-2025年1-11月新疆维吾尔自治区累计原保险保费收入统计图 上市企业：天茂集团（000627），中国平安（601318），中国人保（601319），新华保险（601336）， 中国太保（601601），中国人寿（601628） 相关报告：智研咨询发布的《2026-2032年中国保险行业发展分析及投资前景预测报告》 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 ...

2020年-2025年1-11月海南省累计原保险保费收入统计图 上市企业：天茂集团（000627），中国平安（601318），中国人保（601319），新华保险（601336）， 中国太保（601601），中国人寿（601628） 相关报告：智研咨询发布的《2026-2032年中国保险行业发展分析及投资前景预测报告》 2025年1-11月海南省原保险保费收入共计207.89亿元，同比增长2.88%，海南省累计原保险保费收入不 同险种类别中寿险占比最高，为95.12亿元，占比45.75%。 数据来源：国家金融监督管理总局，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 ...

（文章来源：每日经济新闻） 非银金融概念股走弱，华泰证券、广发证券跌超3%，中国平安、国泰海通、中国太保、中国人寿跌超2%。 有券商表示，2025年券商板块基本面持续改善，但板块整体"滞涨"，当前估值显著低估；展望2026年，券商ROE有望重回上升通道，预计 两融余额与衍生品业务将成为券商加杠杆主方向，头部券商并购重组提速，行业集中度有望提升。 保险方面，负债端开门红表现亮眼，头部险企凭借产品结构优化和市场集中度优势，为全年业绩增长奠定良好基础。与此同时，资产端弹 性持续显现，一方面，市场春季躁动有望带动险企投资收益改善，进一步提振利润预期；另一方面，去年一季度低基数效应有望放大今年 业绩同比增速。负债端与资产端双重利好共振，强化了保险板块的估值修复动力。 受盘面影响，证券保险相关ETF跌约2%。 | 代码 | 类型 名称 | 现价 | 涨跌 涨跌幅 ▲ | | --- | --- | --- | --- | | 512070 主 证券保险ETF易方达 | | 0.962 | -0.023 -2.34% | | 513090 跨 | 香港证券ETF易方达 T+0 | 2.160 | -0.049 -2.22% ...