Group 1 - The top 20 stocks with significant capital inflow include Aerospace Electronics (8.98 billion), Tianfu Communication (7.17 billion), and Zhongji Xuchuang (6.63 billion) [1] - Aerospace Electronics experienced a price increase of 8.1%, while Tianfu Communication and Zhongji Xuchuang saw increases of 3.85% and 1.33% respectively [2] - Other notable stocks with substantial capital inflow include Woer Nuclear Materials (5.31 billion), Jiuding New Materials (4.75 billion), and China Nuclear Engineering (4.37 billion) [1][2] Group 2 - Jiuding New Materials had a significant price increase of 10%, while Zhejiang Wenlian and China Shipbuilding also saw increases of 10% and 1.96% respectively [2][3] - The energy sector is represented by China Petroleum with a capital inflow of 2.85 billion and a price increase of 2.85% [3] - Companies like Jushi Group and Goldwind Technology also showed strong performance with capital inflows of 2.78 billion and 2.73 billion, and price increases of 10.01% and 4.44% respectively [3]

香港联交所最新资料显示，1月16日，贝莱德增持金风科技（02208）789.98万股，每股作价15.0037港 元，总金额约为1.19亿港元。增持后最新持股数目约为4314.47万股，最新持股比例为5.58%。 责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 香港联交所最新资料显示，1月16日，贝莱德增持金风科技（02208）789.98万股，每股作价15.0037港 元，总金额约为1.19亿港元。增持后最新持股数目约为4314.47万股，最新持股比例为5.58%。 责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 ...

Core Viewpoint - The public REITs market in China is experiencing a significant regulatory shift, with the first instances of project withdrawals occurring as a result of new guidelines issued by the Shanghai and Shenzhen Stock Exchanges, which clarify the conditions under which REITs applications may be suspended or terminated [1][6][10]. Group 1: Project Withdrawals - Jin Feng Technology announced on January 20, 2026, its decision to terminate the application for the Jianxin Jin Feng New Energy REIT, marking the first case of a project entering the review stage but failing to issue successfully [1][3]. - On the same day, Electronic City also announced its intention to withdraw the application for the Chuangjin Hexin Electronic City Industrial Park REIT, indicating a strategic retreat to enhance project stability [1][7]. - The recent regulatory changes are closely linked to these withdrawals, as the new guidelines specify conditions for the suspension or termination of REITs applications [1][4]. Group 2: Regulatory Changes - The new guidelines, effective from December 31, 2025, outline specific circumstances under which the review of REITs applications may be terminated, including expired financial documents and failure to respond to inquiries within the stipulated time [4][14]. - The introduction of these guidelines aims to improve the transparency and efficiency of the REITs application process, ensuring that projects do not remain in limbo and occupy regulatory resources unnecessarily [7][17]. - The regulatory environment is shifting towards a more stringent approach, emphasizing the importance of maintaining high standards for project approvals in the public REITs market [6][10]. Group 3: Market Dynamics - As of the end of 2025, there were 79 public REITs listed in China, with a total issuance scale exceeding 210 billion yuan, reflecting a steady expansion of the market [6][16]. - The relationship between REIT issuers and investors is evolving, with a shift from early valuation premiums to a more rational and professional pricing phase [6][10]. - The market is expected to see a balance between active applications and stringent entry requirements, creating a new ecosystem for public REITs [10][18].

Core Viewpoint - Goldwind Technology maintains a strong collaborative relationship with Three Gorges Energy across multiple dimensions including products, resources, industry, technological innovation, and operational services [1]. Group 1 - Goldwind Technology responded to investor inquiries on its interactive platform [1]. - The collaboration with Three Gorges Energy encompasses various aspects such as product development and resource sharing [1]. - The partnership highlights a commitment to technological innovation and operational service improvements [1].

Group 1 - BlackRock increased its stake in Goldwind Technology (002202) by acquiring 7.8998 million shares at a price of HKD 15.0037 per share, totaling approximately HKD 119 million [1] - Following the acquisition, BlackRock's total shareholding in Goldwind Technology reached approximately 43.1447 million shares, representing a stake of 5.58% [1]

Group 1 - BlackRock increased its stake in Goldwind Technology (02208) by purchasing 7.8998 million shares at a price of HKD 15.0037 per share, totaling approximately HKD 119 million [1] - After the acquisition, BlackRock's total shareholding in Goldwind Technology reached approximately 43.1447 million shares, representing a stake of 5.58% [1]

Market Overview - The Shanghai Composite Index rose by 0.08% on January 21, with 18 out of the 28 sectors experiencing gains. The top-performing sectors were non-ferrous metals and electronics, with increases of 2.79% and 2.62% respectively [2] - The power equipment sector saw a modest increase of 0.21%. Conversely, the banking and coal sectors faced declines of 1.58% and 1.57% respectively [2] Capital Flow Analysis - The net inflow of capital in the two markets reached 11.983 billion yuan, with 14 sectors experiencing net inflows. The electronics sector led with a net inflow of 16.369 billion yuan, while the non-ferrous metals sector followed with 7.289 billion yuan [2] - In contrast, 17 sectors experienced net outflows, with the power equipment sector leading the outflows at 6.688 billion yuan, followed by the defense and military industry with 2.906 billion yuan [2] Power Equipment Sector Performance - Within the power equipment sector, 202 out of 365 stocks rose, with 5 hitting the daily limit up, while 155 stocks declined, including 1 hitting the daily limit down [3] - The top stocks with net inflows included Maigemit (5.11 billion yuan), Fangzheng Electric (3.80 billion yuan), and Dongfang Electric (3.45 billion yuan) [3] - The stocks with the highest net outflows included TBEA (1.270 billion yuan), Goldwind (799.81 million yuan), and Sungrow Power (484.90 million yuan) [3][5] Top Gainers in Power Equipment Sector - The top gainers in the power equipment sector included: - Maigemit: +10.00% with a turnover rate of 5.34% and a net inflow of 51.11 million yuan - Fangzheng Electric: +10.01% with a turnover rate of 15.76% and a net inflow of 38.04 million yuan - Dongfang Electric: +2.35% with a turnover rate of 4.75% and a net inflow of 34.54 million yuan [4] Top Losers in Power Equipment Sector - The top losers in the power equipment sector included: - TBEA: -3.83% with a turnover rate of 10.55% and a net outflow of -1.270 billion yuan - Goldwind: -2.34% with a turnover rate of 9.92% and a net outflow of -799.81 million yuan - Sungrow Power: -0.57% with a turnover rate of 3.12% and a net outflow of -484.90 million yuan [5]

Volatility - A total of 12 stocks in the A-share market experienced a volatility exceeding 20% today, with Jin Sun and Jin Modern leading the list [1] Turnover Rate - There were 6 stocks in the A-share market with a turnover rate exceeding 40% today, with Guangdian Electric and Hongbaoli at the forefront [1] Main Capital Flow - Main capital saw a net inflow into the electronics and non-ferrous metals sectors, while experiencing a net outflow from the power equipment and national defense sectors [1] - The stocks with the highest net inflow included China Great Wall (14.27 billion), New Yisheng (12.14 billion), Huaten Technology (10.87 billion), Tongfu Microelectronics (10.17 billion), and Shengxin Lithium Energy (6.68 billion) [1] - The stocks with the highest net outflow included Xinwei Communication (17.59 billion), Shanzi Gaoke (10.52 billion), Zhongji Xuchuang (8.39 billion), Goldwind Technology (8.15 billion), and Xiangnong Xinchuan (7.8 billion) [1]

Core Viewpoint - The data indicates significant outflows of main funds from various stocks, with notable amounts withdrawn from companies across different sectors, suggesting a potential shift in investor sentiment and market dynamics [1][2][3] Group 1: Stock Performance and Fund Outflows - The top stock with the largest fund outflow is XW Communication, with a withdrawal of 1.851 billion yuan and a decline of 10.16% in its stock price [2] - Guizhou Moutai follows with a fund outflow of 1.480 billion yuan and a decrease of 1.64% [2] - TBEA Co., Ltd. experienced a fund outflow of 1.294 billion yuan and a drop of 3.83% [2] - Other notable companies with significant outflows include: - Sanzi Gaoke: -0.993 billion yuan, -4.43% [2] - Goldwind Technology: -0.892 billion yuan, -2.34% [2] - Zhongji Xuchuang: -0.829 billion yuan, -0.53% [2] Group 2: Sector Analysis - The consumer electronics sector is represented by XW Communication and Lens Technology, both experiencing substantial fund outflows [2][3] - The beverage industry, highlighted by Guizhou Moutai, shows a minor decline in stock price despite significant fund outflow [2] - The power equipment sector, including TBEA Co., Ltd. and China Western Power, reflects mixed performance with varying fund outflows [2][3] - The telecommunications sector, represented by companies like Zhongji Xuchuang and Fenghuo Communication, also shows notable fund withdrawals [2][3]

Core Viewpoint - The data indicates significant outflows of capital from various stocks, with notable declines in share prices across multiple sectors, suggesting a bearish sentiment in the market. Group 1: Major Stocks with Capital Outflows - Xinyi Communication experienced a capital outflow of 1.23 billion, with a price drop of 7.98% [1][2] - Tebian Electric witnessed a capital outflow of 671 million, with a price decline of 2.5% [1][2] - Shanzi Gaoke had a capital outflow of 636 million, with a decrease of 4.8% [1][2] - Tianyin Electromechanical saw an outflow of 501 million, with a drop of 2.34% [1][2] - Kweichow Moutai experienced a capital outflow of 431 million, with a decline of 0.84% [1][2] Group 2: Additional Stocks with Notable Outflows - Baiwei Storage had a capital outflow of 388 million, with a price drop of 1.55% [1][2] - Fenghuo Communication saw an outflow of 363 million, with a slight increase of 0.19% [1][2] - Goldwind Technology experienced a capital outflow of 357 million, with a price increase of 0.54% [1][2] - Shannon Chip Creation had an outflow of 337 million, with a decline of 1.36% [1][2] - Agricultural Bank saw a capital outflow of 333 million, with a drop of 1.67% [1][2] Group 3: Further Stocks with Capital Outflows - China Satellite Communications experienced a capital outflow of 332 million, with a decline of 1.3% [3] - Shanghai Electric saw an outflow of 326 million, with a price drop of 2.7% [3] - Wuliangye experienced a capital outflow of 324 million, with a decline of 1.52% [3] - Shanghai Hanxun had an outflow of 303 million, with a drop of 2.15% [3] - Jiuding New Materials saw a capital outflow of 297 million, with a significant decline of 6.03% [3]