Core Viewpoint - Dongfang Caifu (300059.SZ) announced that its subsidiary, Dongfang Caifu Securities, received approval from the China Securities Regulatory Commission (CSRC) to publicly issue subordinated bonds with a total face value of up to 20 billion yuan to professional investors [1] Group 1 - The approval from CSRC is valid for 24 months from the date of registration [1] - Dongfang Caifu Securities is allowed to issue the bonds in tranches within the validity period of the registration [1]

关于子公司东方财富证券股份有限公司向专业投资者公开发行 次级公司债券获得中国证监会注册批复的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 东方财富信息股份有限公司（以下简称"公司"）子公司东方财富证券股份 有限公司（以下简称"东方财富证券"）收到中国证券监督管理委员会《关于同 意东方财富证券股份有限公司向专业投资者公开发行次级公司债券注册的批复》 （证监许可〔2026〕38号），主要内容如下： 一、同意东方财富证券向专业投资者公开发行面值总额不超过200亿元次级 公司债券的注册申请。 二、本次发行次级公司债券应严格按照报送深圳证券交易所的募集说明书进 行。 三、本批复自同意注册之日起24个月内有效，东方财富证券在注册有效期内 可以分期发行次级公司债券。 四、自同意注册之日起至本次次级公司债券发行结束前，东方财富证券如发 生重大事项，应及时报告并按有关规定处理。 证券代码：300059 证券简称：东方财富 公告编号：2026-002 东方财富信息股份有限公司 东方财富证券将严格按照有关法律法规和上述批复文件的要求办理发行次 级公司债券相关事宜，公司将及时 ...

Market Performance - The Shanghai Composite Index closed at 4165.29 points, up 1.09%, with a trading volume of 1.4462 trillion yuan, marking a historical high in trading volume [1] - The Shenzhen Component Index rose 1.75% to 14366.91 points, with a trading volume of 2.1552 trillion yuan [1] - The ChiNext Index increased by 1.82% to 3388.34 points, with a trading volume of 1.0962 trillion yuan [1] - The STAR 50 Index gained 2.43% to close at 1511.84 points, with a trading volume of 106.6 billion yuan [1] - The total trading volume of both markets reached 3.60142 trillion yuan, an increase of 478.659 billion yuan compared to the previous trading day [1] Sector Performance - Strong sectors included Media, Computer, Defense, Education, Communication, Retail, Steel, Machinery, and Textile, with notable gains [2] - Active concepts included Short Drama Interactive Games, Multi-modal AI, Satellite Internet, and Quantum Technology [2] - Weak sectors included Oil, Insurance, and Coal, with notable declines [2] Individual Stock Performance - 3872 stocks rose while 1167 stocks fell, with 197 stocks hitting the daily limit up and 9 stocks hitting the limit down [2] - Fenglong Co. achieved a record 12 consecutive limit-up days, leading the market [5] - 150 stocks saw net inflows exceeding 100 million yuan, with Dongfang Caifu leading at 1.81 billion yuan [9][10] - 168 stocks experienced net outflows exceeding 100 million yuan, with Yangguang Electric leading at 2.081 billion yuan [11][12] Institutional Activity - Institutions had a net sell of approximately 699 million yuan, with 15 stocks seeing net purchases and 21 stocks net sales [14] - The top net purchase stock by institutions was Shanzi High-Tech, with a net inflow of approximately 484 million yuan [14]

Market Overview - The two markets experienced a net outflow of 426 million yuan, with 2,234 stocks seeing net inflows and 2,818 stocks experiencing net outflows [1] - The Shanghai Composite Index closed up by 1.09% [1] Industry Performance - Among the 12 industries with net inflows, the computer sector led with a net inflow of 17.54 billion yuan and an index increase of 7.26%, followed by the media sector with a net inflow of 6.23 billion yuan and a rise of 7.80% [1] - A total of 19 industries saw net outflows, with the electronics sector experiencing the highest outflow of 8.88 billion yuan, followed closely by the power equipment sector with an outflow of 8.80 billion yuan [1] Individual Stock Performance - 77 stocks had net inflows exceeding 2 billion yuan, with Dongfang Caifu leading at 2.071 billion yuan, followed by China Satellite at 1.852 billion yuan [2] - Stocks with significant net outflows included China Ping An with a net outflow of 2.552 billion yuan, and Sunshine Power and Goldwind Technology with outflows of 1.926 billion yuan and 1.763 billion yuan, respectively [2][4] Stock Price Movements - Stocks with net inflows over 2 billion yuan saw an average increase of 10.91%, outperforming the Shanghai Composite Index [2] - Notable stocks that closed at their daily limit include Tuorisi and Hand Information [2] Sector Concentration - The stocks with the highest net inflows were concentrated in the computer, media, and communication sectors, with 21, 10, and 8 stocks respectively [2]

Summary of Key Points Core Viewpoint - The trading volume of the Shanghai and Shenzhen Stock Connect reached a total of 398.98 billion, with Cambricon and CATL leading in individual stock trading volume on the Shanghai and Shenzhen exchanges respectively [1][2]. Trading Volume - The total trading amount for the Shanghai Stock Connect was 172.86 billion, while the Shenzhen Stock Connect totaled 226.12 billion [2]. Top Individual Stocks - In the Shanghai Stock Connect, Cambricon (688256) had a trading volume of 3.406 billion, followed by Zhaoyi Innovation (603986) at 2.132 billion [3]. - In the Shenzhen Stock Connect, CATL (300750) led with a trading volume of 6.126 billion, followed by Zhongji Xuchuang (300308) at 4.786 billion [3]. Sector Performance - The AI application and commercial aerospace sectors showed the highest gains, while insurance, oil and gas, and real estate sectors experienced the largest declines [4]. - The new energy sector saw the highest net outflow of funds [5]. Major Fund Inflows and Outflows - The top ten stocks with net inflows included Dongfang Caifu with 1.742 billion and Lingyi Technology with 1.651 billion [6]. - The top ten stocks with net outflows included China Ping An with -2.303 billion and Sunshine Power with -2.071 billion [6]. ETF Trading - The top ETF by trading volume was the Hong Kong Securities ETF (513090) with 14.5289 billion, followed by the CSI A500 ETF (159338) at 8.2104 billion [8]. - The CSI A500 ETF saw a decrease of 3.72% compared to the previous trading day [8]. ETF Share Changes - The top ten ETFs with the largest share increases included the Medical Device ETF (159883) with an increase of 2.768 billion shares, and the Securities Insurance ETF (512070) with an increase of 2.695 billion shares [10]. - The top ten ETFs with the largest share decreases included the Wine ETF (512690) with a decrease of 2.3994 billion shares, and the A500 ETF Leader (563800) with a decrease of 2.301 billion shares [11]. Market Activity - The four major index futures contracts saw both long and short positions increase, with the IF and IM contracts seeing a larger increase in short positions [12]. - The market saw significant activity from institutions, with notable purchases in stocks like Shanzi Technology and LeiKe Defense [14]. Retail and Quantitative Trading - Retail investors showed high activity, with significant purchases in stocks like Kunlun Wanwei and BlueFocus [16]. - Quantitative funds were also active, with notable purchases in stocks like Dazhi Technology and significant sell-offs in others [17].

【换手率高】 -今日A股共有50只个股换手率超过30%； 【振幅大】 -今日A股共有33只个股振幅超过20%； -C陕旅、天力复合、天润科技等个股振幅居前； -C陕旅、创新医疗、御银股份等个股换手率居前； 【主力资金】 -主力资金今日净流入计算机、传媒、非银金融等板块，净流出电力设备、电子、基础化工等板块； -东方财富、领益智造、岩山科技、山子高科、海格通信资金净流入规模居前，分别净流入18.10亿元、 16.47亿元、14.10亿元、14.03亿元、11.41亿元； -阳光电源、金风科技、新易盛、乾照光电、胜宏科技资金净流出规模居前，分别净流出20.81亿元、 19.58亿元、18.40亿元、13.91亿元、13.43亿元。 ...

Market Overview - The Shanghai Composite Index rose by 1.09% on January 12, with 28 out of the 31 sectors experiencing gains, led by the Media and Computer sectors, which increased by 7.80% and 7.26% respectively [1] - The Non-Bank Financial sector saw a modest increase of 0.53% [1] - The sectors that faced declines included Oil & Petrochemicals, Coal, and Real Estate, with decreases of 1.00%, 0.47%, and 0.29% respectively [1] Capital Flow Analysis - The main capital flow showed a net outflow of 27.468 billion yuan across the two markets, with 11 sectors experiencing net inflows [1] - The Computer sector led the net inflow with 15.774 billion yuan, while the Media sector followed with a net inflow of 5.391 billion yuan [1] - The sectors with the highest net outflows included Electric Equipment, which saw a net outflow of 14.093 billion yuan, and the Electronics sector with an outflow of 11.193 billion yuan [1] Non-Bank Financial Sector Performance - The Non-Bank Financial sector had a net inflow of 1.712 billion yuan, with 72 out of 82 stocks in the sector rising [2] - Notable stocks with significant net inflows included Dongfang Caifu, which attracted 1.803 billion yuan, followed by Pacific Securities and GF Securities with inflows of 1.315 billion yuan and 296 million yuan respectively [2] - The sector also had 12 stocks with net outflows exceeding 50 million yuan, with China Ping An, Huatai Securities, and China Pacific Insurance leading the outflows at 2.326 billion yuan, 175 million yuan, and 112 million yuan respectively [2] Key Stocks in Non-Bank Financial Sector - Top performers in the Non-Bank Financial sector included: - Dongfang Caifu: +3.81%, turnover rate 5.24%, net inflow 1.802 billion yuan - Pacific Securities: +7.84%, turnover rate 15.36%, net inflow 1.315 billion yuan - GF Securities: +1.79%, turnover rate 1.66%, net inflow 296 million yuan [2] - Other notable stocks with positive performance included Tianfeng Securities, Zhongjin Company, and CITIC Securities, with respective increases of 3.96%, 1.31%, and 0.74% [2]

分行业来看，申万所属的一级行业中，今日上涨的有28个，涨幅居前的行业为传媒、计算机，涨幅为7.80%、7.26%。跌幅居前的行业为石油石 化、煤炭、房地产，跌幅为1.00%、0.47%、0.29%。 （原标题：两市主力资金净流出274.68亿元，电力设备行业净流出居首） 1月12日，沪指上涨1.09%，深成指上涨1.75%，创业板指上涨1.82%，沪深300指数上涨0.65%。可交易A股中，上涨的有4144只，占比75.91%，下 跌的1182只。 资金面上，今日主力资金全天净流出274.68亿元，已连续5个交易日资金呈净流出状态。其中，创业板主力资金净流出10.48亿元；科创板主力资金 净流出69.33亿元；沪深300成份股主力资金净流出126.47亿元。 数字经济ETF (产品代码: 560800) ★ 跟踪：中证数字经济主题指数 近五日涨跌:8.21% 行业资金流向方面，今日有11个行业主力资金净流入，计算机行业主力资金净流入规模居首，该行业今日上涨7.26%，全天净流入资金157.74亿 元，其次是传媒行业，日涨幅为7.80%，净流入资金为53.91亿元。 主力资金净流出的行业有20个，电力设备行业主 ...

Market Performance - The securities sector increased by 1.4% on January 12, with Pacific Securities leading the gains [1] - The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1] Individual Stock Performance - Pacific Securities (code: 660T099) closed at 4.54, up 7.84% with a trading volume of 10.47 million shares and a transaction value of 4.736 billion [1] - Tianfeng Securities (code: 601162) closed at 4.46, up 3.96% with a trading volume of 4.9871 million shares and a transaction value of 2.2 billion [1] - Dongfang Caifu (code: 300059) closed at 25.05, up 3.81% with a trading volume of 7.0062 million shares and a transaction value of 17.298 billion [1] - Other notable stocks include Xiangcai Co. (code: 600095) up 3.40%, and Tusheng Securities (code: 002670) up 3.22% [1] Capital Flow - The securities sector saw a net inflow of 4.348 billion from institutional investors, while retail investors experienced a net outflow of 2.234 billion [2][3] - The main capital inflow was concentrated in Dongfang Caifu with a net inflow of 1.655 billion, while Pacific Securities had a net inflow of 1.19 billion [3] Summary of Trading Data - The trading data for various securities shows a mix of performance, with some stocks experiencing significant gains while others remained flat or slightly declined [2][3] - The overall trading environment indicates a positive sentiment in the securities market, driven by institutional buying [2][3]

Core Viewpoint - The A-share market shows strong performance with a trading volume of 3.64 trillion yuan, driven by significant interest in AI applications and thematic investments [1][6][11]. Market Performance - On January 12, major A-share indices all rose, with the Shanghai Composite Index increasing by 1.09% to 4165.29 points, the Shenzhen Component rising by 1.75% to 14366.91 points, and the ChiNext Index up by 1.82% to 3388.34 points [6]. - The Korean Composite Index also saw a gain of 0.84%, closing at 4624.79 points [7]. Commodity and Bond Market - Domestic commodity futures saw most contracts rise, with the main silver contract leading the gains [8]. - Government bond futures mostly increased, with the 30-year main contract up by 0.3% [9]. Fund Flows - Oriental Fortune received a net inflow of 16.55 billion yuan, indicating strong investor interest [10]. - The top ten stocks by net inflow included Oriental Fortune and Lingyi Zhi Zao, which received 16.55 billion yuan and 16.42 billion yuan respectively [10]. Institutional Insights - Oriental Fortune's Chen Guo noted that thematic investments are becoming the main focus of the market, with attention on sectors like semiconductors, chemicals, and AI applications [11]. - Hongyi Yuanfang Fund's Zhang Jin emphasized the rapid acceleration in the AI sector, particularly in large models and generative AI, suggesting that the market is likely to see significant activity as the Spring Festival approaches [11]. - Huaxin Securities projected that 2026 could be the "golden year" for AI applications, driven by technological maturity, supportive policies, and increasing market demand [11].