证券之星消息，1月5日国有大型银行板块较上一交易日下跌1.21%，农业银行领跌。当日上证指数报收 于4023.42，上涨1.38%。深证成指报收于13828.63，上涨2.24%。国有大型银行板块个股涨跌见下表： | 代码 | 名称 | 主力净流入 (元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601939 建设银行 | | -1777.03万 | -1.94% | -1562.64万 | -1.70% | 3339.67万 | 3.64% | | 601988 中国银行 | | -4664.15万 | -2.37% | 5324.37万 | 2.71% | -660.22万 | -0.34% | | 601658 邮储银行 | | -6707.48万 | -7.97% | 1465.24万 | 1.74% | 5242.24万 | 6.23% | | 601328 交通银行 | | -7185.14万 | -7.21% | 9983.21万 | ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國建設銀行股份有限公司 FF301 呈交日期: 2026年1月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00939 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 240,417,319,880 | RMB | | 1 RMB | | 240,417,319,880 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 240,417,319,880 | RMB | | 1 RMB | | 240,417,319,880 | | 2. 股份分類 ...

1月5日金融一线消息，国家金融监督管理总局茂名监管分局行政处罚信息公开表显示，中国建设银行股 份有限公司茂名市分行因贷款管理严重违反审慎经营规则、保理业务管理严重违反审慎经营规则，被茂 名金融监管分局罚款170万元。相关责任人一同被罚，茂名金融监管分局对对张国清、谭宏伟分别给予 警告，对陈智光给予警告并处罚款10万元。 | | | | 对中国建设银 行股份有限公 司茂名市分行 | | | --- | --- | --- | --- | --- | | | 中国建设 | | 罚款170万 | | | | 银行股份 | 贷款管理严重违反审慎经营规 | 元。 | | | 2 | 有限公司 | 则；保理业务管理严重违反审慎 | | 茂名金融监管 | | | 茂名市分 | | 对张国清、谭 | 分局 | | | 行及相关 | 经营规则 | 宏伟分别给予 | | | | 责任人 | | 警告，对陈智 | | | | | | 光给予警告并 | | | | | | 处罚款10万 | | | | | | 元。 | | 责任编辑：李琳琳 1月5日金融一线消息，国家金融监督管理总局茂名监管分局行政处罚信息公开表显示，中国建设银行股 ...

Core Viewpoint - The Hong Kong Large Cap 30 ETF (520560) is experiencing significant activity, reflecting investor confidence in the Hong Kong stock market's future performance, with a recent inflow of 122 million yuan over the past 20 days [1][7]. Group 1: ETF Performance - The Hong Kong Large Cap 30 ETF reached a peak increase of 2.72% and is currently up 2.18%, recovering above the 20-day moving average [1][7]. - The ETF has attracted a total of 122 million yuan in investments over the last 20 days, indicating strong market sentiment towards Hong Kong stocks [1][7]. Group 2: Key Holdings - Major stocks contributing to the ETF's performance include Kuaishou, which rose over 10%, and other notable gains from companies like BeiGene (nearly 6%), China Resources Land (over 5%), and significant contributions from China Ping An, Pop Mart, Alibaba, China Life, SMIC, Meituan, and Tencent [1][7]. Group 3: Market Sentiment and Strategy - Huatai Securities suggests that the Hong Kong stock market is likely to see a positive start in 2026, driven by technology catalysts, with improved market sentiment and liquidity conditions compared to November [3][10]. - The ETF employs a "technology + dividend" strategy, combining high-growth tech stocks like Alibaba and Tencent with stable dividend-paying stocks such as China Construction Bank and China Ping An, making it an ideal long-term investment tool for the Hong Kong market [3][10]. Group 4: Industry Developments - Kuaishou's subsidiary, Keling, has undergone significant upgrades, while Alibaba's Gaode is developing a world model with plans for a new product application [3][9]. - The National Integrated Circuit Industry Investment Fund has increased its stake in SMIC's H-shares from 4.79% to 9.25%, indicating strong institutional support for the semiconductor sector [3][9].

1月5日金融一线消息，#8家银行APP仅1家展示持有收益率#这一话题冲上热搜，引起网友热议。 1月5日金融一线消息，#8家银行APP仅1家展示持有收益率#这一话题冲上热搜，引起网友热议。 据媒体报道，近日，有记者实测了8家主要银行APP，了解其在客户持仓业绩展示上的具体情况。包括 工商银行、建设银行、招商银行、兴业银行、民生银行、微众银行、网商银行、上海银行。 实测发现，目前手机银行App的产品页面展示的一般为不同时间维度下的年化收益率，如成立以来、近 一年、近一月、近三月等。"哪个高展示哪个"，也一度是行业最为常见的营销手段。 8家受测银行APP中，仅一家银行在持仓业绩展示中体现持有年化收益率这一数据，理财客户能够更为 直观地通过这一数据对比自己持仓产品详情页展示的过往收益与自己购买后的持仓收益。 对此，有网友表示：冲着高收益率买理财，结果实际收益差一大截。 还有网友表示：收益率藏着不少猫腻，普通投资者太难甄别了。 责任编辑：李琳琳 据媒体报道，近日，有记者实测了8家主要银行APP，了解其在客户持仓业绩展示上的具体情况。包括 工商银行、建设银行、招商银行、兴业银行、民生银行、微众银行、网商银行、上海银行。 ...

- The report does not contain any specific quantitative models or factors for analysis[4][35][37] - It provides performance metrics for quantitative public funds, including index-enhanced funds and quantitative hedging funds[35][37] - Index-enhanced funds achieved a median excess return of -0.08% last week and 4.67% year-to-date[35][37] - Quantitative hedging funds achieved a median return of 0.10% last week and 1.24% year-to-date[35][37] - The report lists top-performing index-enhanced funds and quantitative hedging funds based on weekly and annual performance metrics[58][59][61][62]

Core Viewpoint - The A-share banking sector concluded 2025 with a structural rise, with 35 out of 42 listed banks experiencing gains, and the banking index rising by 12.04%, indicating strong defensive and allocation value [2][3]. Group 1: 2025 Banking Sector Performance - The banking sector exhibited significant structural differentiation, with the top ten stocks including Agricultural Bank (52.66%), Xiamen Bank (35.78%), and others showing gains over 20% [3][4]. - The market's focus shifted towards "certainty of returns" and "growth cost-effectiveness" amid an "asset shortage" backdrop, leading to a preference for certain banks [3][4]. Group 2: Core Drivers of 2025 Bull Stocks - Three main factors drove the performance of bull stocks: high dividends and low valuations supporting state-owned banks, regional economic vitality empowering small and medium banks, and asset structure optimization promoting value reassessment [4][5]. - Agricultural Bank led with a dividend yield above 5% and a price-to-book ratio exceeding 1, breaking the long-standing trend of state-owned banks trading below book value [4][5]. Group 3: 2026 Bull Stock Predictions - The banking sector is expected to maintain a "steady progress" operational trend in 2026, with key dimensions for identifying bull stocks including net interest margin improvement, business transformation growth, and stable asset quality [5][6]. - The predicted top ten bull stocks for 2026 include Agricultural Bank, China Merchants Bank, and Ningbo Bank, among others, with each having specific growth drivers [7][8]. Group 4: Key Factors for 2026 Predictions - Agricultural Bank is expected to continue its strong performance due to its county-level business advantages and low liability costs [7]. - China Merchants Bank is anticipated to see dual growth in performance and valuation, driven by its wealth management transformation and strong asset quality [8]. - Ningbo Bank is positioned to benefit from regional economic vitality and diversified non-interest income growth [8][9]. Group 5: Structural Trends and Risks - The banking sector is likely to experience a dual rise in performance and valuation, supported by improved net interest margins and robust asset quality [12][13]. - However, structural differentiation risks may intensify, with some smaller banks facing challenges due to high regional economic dependency and single customer structures [12][13].

证券研究报告 | 2026年01月04日 2026年01月05日 基金周报 第 22 届基金业金牛奖评选结果揭晓，易方达率先完成 ETF 规范命名 核心观点 金融工程周报 上周市场回顾。上周 A 股市场主要宽基指数走势出现分化，上证综指、 中证 500、中小板指收益靠前，收益分别为 0.13%、0.09%、-0.01%， 创业板指、沪深 300、深证成指收益靠后，收益分别为-1.25%、-0.59%、 -0.58%。 从成交额来看，上周主要宽基指数成交额均有所下降。行业方面，上周 综合金融、石油石化、国防军工收益靠前，收益分别为 5.13%、3.92%、 3.83%，商贸零售、电力及公用事业、食品饮料收益靠后，收益分别为 -3.13%、-2.35%、-2.28%。 截至上周五，央行逆回购净投放资金 11710 亿元，逆回购到期 13236 亿元，净公开市场投放 1526 亿元。不同期限的国债利率均有所上行， 利差缩窄 4.03BP。 上周共上报 48 只基金，较上上周申报数量有所减少。申报的产品包括 1 只 REITs，2 只 QDII，3 只 FOF，华宝中证全指家用电器 ETF、广发中 证港股通信息技术 ...

"我们花了9年时间，投资两亿元研发出一个全新的微流控技术精准采样器诊断平台，目前主要应用在临 床科室，例如急诊科、胸痛中心等，这款产品可以在10分钟之内测出患者是心梗还是心绞痛，对于疾病 早期起到了非常好的干预效果。"石家庄禾柏生物技术股份有限公司副总裁赵巍自豪地告诉《金融时 报》记者，这也是国内唯一一个在10分钟内就能检测出6项结果的产品，目前，这台检测仪器最多可叠 加90多项样本检测。 禾柏生物作为一家专业从事体外诊断行业即时检测（POC）试剂及光学传感器研发的高新技术企业，目 前已拥有近300项专利证书，并研发出全球首创的一步法操作、多方法学集成的高精度定量检测平台。 而在科技企业成长壮大的过程中，离不开当地金融机构的支持。建行河北省分行运用大数据技术建立科 技型企业数字画像系统，以专利作为质押，高效审批发放了"科技研发贷"5000万元，为企业的持续研发 创新注入了"金"动力。 政策体系筑基石，凝聚多元合力。中国人民银行河北省分行联合省科学技术厅等部门，共同构建科技金 融领域"1+N"政策体系，先后出台做好科技金融大文章工作方案、开展科创金融服务能力提升专项行动 等10余份文件。通过"政策联动+平台搭建 ...

Core Viewpoint - The New Year messages from major state-owned banks emphasize their roles as the "main force" and "leading geese" in the financial industry, focusing on risk prevention, strong regulation, and promoting high-quality development while addressing both macroeconomic stability and micro-level public needs [1][2]. Group 1: National Responsibility and Public Service - Major banks highlight their commitment to national priorities and public welfare, with ICBC pledging to support employment and market stability through increased lending and bond investments [1] - Agricultural Bank of China emphasizes its mission in rural development, achieving over 1 trillion yuan in county loans for four consecutive years and a loan balance of 1.8 trillion yuan for farmers [1] - Banks are actively addressing public needs, with initiatives like Bank of China’s tea garden project generating over 100 million yuan in value and Agricultural Bank providing over 1 million home services for the elderly [2] Group 2: Financial Innovation and Globalization - The "Five Major Articles" of financial services—technology finance, green finance, inclusive finance, pension finance, and digital finance—are integrated into the development strategies of major banks, with ICBC leading in manufacturing and green loans [3] - Agricultural Bank has launched an AI innovation framework to enhance customer service and risk management, while ICBC has achieved full coverage of its smart risk control centers [3] - Chinese banks are expanding their global service capabilities, exemplified by Bank of China’s issuance of 4 billion euros in sovereign bonds in Luxembourg and participation in cross-border payment projects [4][5] Group 3: Stability and Long-term Vision - State-owned banks emphasize a focus on stable operations and long-term strategies, with China Bank highlighting the importance of maintaining strategic determination amid market volatility [5][6] - Agricultural Bank stresses the need for a correct performance outlook and the importance of addressing challenges while ensuring high-quality development and risk management [6] - The commitment to employee recognition and appreciation is evident, with banks acknowledging the contributions of their staff in supporting major national events and initiatives [7]