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！ 1月15日，财通基金2026年投资策略会于上海举办，广发证券首席经济学家郭磊发表相关演讲。 郭磊在宏观展望中提出一个关键判断：在全球产业链重构与能源转型背景下，有色金属的战略地位显著 提升，其角色类似于过去几十年中的原油，已成为影响全球资源格局和资产价格的核心叙事之一。这一 观点为理解当前资源品行情提供了顶层框架。 郭磊在宏观展望中提出一个关键判断：在全球产业链重构与能源转型背景下，有色金属的战略地位显著 提升，其角色类似于过去几十年中的原油，已成为影响全球资源格局和资产价格的核心叙事之一。这一 观点为理解当前资源品行情提供了顶层框架。 新浪声明：此消息系转载自新浪合作媒体，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。文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。 责任编辑：常福强 责任编辑：常福强 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！ 1月15日，财通基金2026年投资策略会于上海举办，广发证券首席经济学家郭磊发表相关演讲。 新浪声明：此消息系转载自新浪合 ...

Group 1 - The core viewpoint of the article emphasizes that the performance of global major asset classes is driven by multiple "mainstream narratives" [1][2] - These narratives include the long-term weakening of the US dollar credit cycle, the formation of a new monetary system with gold as a pricing anchor, the reshaping of global industrial and supply chains, AI computing power becoming a new phase of infrastructure, and non-ferrous metals emerging as the "new oil" of this phase [1][2] - The interconnectedness of these narratives forms a "narrative constellation" that is systematically reshaping global asset pricing logic, indicating that the narrative economy is far from reaching its conclusion [1][2]

Group 1 - The core viewpoint of the article highlights the transfer of shares of China Digital Video (08280) from GF Securities Hong Kong to Glion Securities, with a market value of HKD 6.8757 million, representing 15.58% of the total shares [1] - For the six months ending September 30, 2025, China Digital Video reported revenue of RMB 5.512 million, a significant decrease of 91.81% year-on-year [1] - The company recorded a loss attributable to equity holders of RMB 33.411 million, which is a reduction of 22.48% compared to the previous year, with a basic loss per share of 5.4 cents [1]

Group 1 - The core viewpoint of the article highlights the transfer of shares of China Digital Video (08280) from GF Securities Hong Kong to Glion Securities, with a market value of HKD 6.8757 million, representing 15.58% of the total shares [1] - For the six months ending September 30, 2025, China Digital Video reported revenue of RMB 5.512 million, a significant decrease of 91.81% year-on-year [1] - The company recorded a loss attributable to equity holders of RMB 33.411 million, which is a reduction of 22.48% compared to the previous year [1] - The basic loss per share for the company was reported at 5.4 cents [1]

Group 1 - The core point of the article is that GF Securities has successfully completed a share placement and bond issuance on January 14, 2026, with significant financial implications [1] Group 2 - GF Securities' shareholders deposited stocks into HSBC, with a market value of HKD 40.52 billion, representing 12.87% of the total [1] - The share placement involved the successful sale of 219 million shares at a price of HKD 18.15 per share [1] - A total principal amount of HKD 21.5 billion in bonds was issued, which can be converted into H-shares at an initial conversion price of HKD 19.82 per share, potentially converting into approximately 108 million H-shares [1]

智通财经APP获悉，香港联交所最新资料显示，1月14日，广发证券(01776)股东将股票存入香港上海汇 丰银行，存仓市值40.52亿港元，占比12.87%。 广发证券发布公告，配售协议所载全部条件均已达成，配售已于2026年1月14日完成。根据配售协议的 条款及条件，配售代理已成功向不少于六名承配人以每股配售股份18.15港元的配售价配售合共2.19亿股 配售股份。 认购协议项下的所有先决条件均已达成，合共本金总额为21.5亿港元的债券已于2026年1月14日发行完 成。根据条款及条件，债券可在相关情况下转换为H股，初始转换价为每股H股19.82港元(可予调整)。 假设债券按初始转换价每股H股19.82港元悉数转换，债券将可转换为约1.08亿股H股。 ...

广发证券研报指出，12月CPI数据虽受此前政府停摆影响有所波动，但核心读数依然温和。本次数据公 布前，市场已预期前期政府停摆造成的技术性干扰以及年末效应会使部分分项出现波动，因此对于 服 装、娱乐商品、酒店住宿等分项的反弹，市场总体将其视为基数效应修复而非趋势性变化。在"通胀未 脱轨+就业未失速"的背景下，我们理解短期降息必要性延续低位。 ...

中访网数据 广发证券股份有限公司于2026年1月14日发布翌日披露报表，宣布其H股配售计划已完成。 根据公告，公司于2026年1月14日成功配发及发行2.19亿股新H股，每股发行价格为18.15港元。此次配 售完成后，广发证券的H股总数由约17.02亿股增加至约19.21亿股，占配售前现有已发行H股总数的比例 约为12.87%。与此同时，公司的A股数量保持不变，仍为约59.04亿股。因此，公司的总股本（包括A股 和H股）由配售前的约76.06亿股增加至约78.25亿股。此次股份变动是基于公司董事会此前的授权，并 遵循了所有适用的上市规则及监管规定。配售所得款项将用于补充公司资本金，支持业务发展，进一步 提升市场竞争力和抗风险能力。 来源：中访网 ...

翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 廣發証券股份有限公司 呈交日期： 2026年1月14日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 FF305 第 2 頁 共 6 頁 v 1.3.0 FF305 FF305 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 普通股 | 股份類別 | H | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) 01776 | 說明 | 廣發証券H股 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | ...

Core Viewpoint - The announcement from GF Securities indicates a planned issuance of new H-shares, resulting in an increase in total shares from 7.606 billion to 7.825 billion, which will dilute the shareholding percentage of major shareholders [1] Group 1: Share Issuance Details - The company will issue new H-shares on January 14, 2026, under a general authorization [1] - Total share capital will increase from 7.606 billion shares to 7.825 billion shares [1] Group 2: Shareholder Impact - Major shareholder Jilin Aodong and its concerted party, Aodong International (Hong Kong) Industrial Co., Ltd., will maintain the same number of shares but see their ownership percentage decrease from 20.11% to 19.55% [1] - The change in ownership percentage for Jilin Aodong and its concerted party is a dilution of 0.56% [1] Group 3: Company Structure - The company does not have a controlling shareholder or actual controller, with Jilin Aodong being the largest shareholder [1]