Core Viewpoint - The A-share market experienced a rebound on December 8, with the financial technology ETF Huatai (159103) opening higher and achieving a three-day consecutive increase, closing up by 1.03% after rising over 2% at one point [1]. Group 1: Financial Technology ETF Performance - The financial technology ETF Huatai (159103) showed strong performance, with significant gains in its component stocks, including Sifang Jingchuang and Yinzhijie, which rose over 3%, and Hengsheng Electronics, which increased over 2% [6]. - The index of the financial technology ETF covers various sectors, including internet brokerage, financial IT, AI applications, and cross-border payments, highlighting its high elasticity and growth potential in a favorable liquidity environment [7]. Group 2: Regulatory Changes Impacting Insurance Companies - Recent adjustments to the risk factors for insurance companies' stock investments aim to enhance their solvency and encourage long-term capital investment in the equity market. The risk factor for stocks held over three years has been reduced from 0.3 to 0.27, and for stocks held over two years, it has been lowered from 0.4 to 0.36 [4]. - The adjustments are expected to release a minimum of 326 billion yuan in capital, with potential market inflows of 1,086 billion yuan if the insurance funds increase their allocation to the CSI 300 index stocks [5].

Group 1 - The core viewpoint is that the financial technology sector is experiencing strong growth, with the China Securities Finance Technology Theme Index rising by 2.48% and several constituent stocks showing significant gains [1] - The China Securities Regulatory Commission (CSRC) announced on December 6 that it will enhance classified regulation, optimize evaluation indicators for quality institutions, and moderately expand capital space and leverage limits to improve capital utilization efficiency [1] - Non-bank financials are currently undervalued, providing a safety margin, with the insurance sector benefiting from economic recovery and rising interest rates, particularly in health and pension insurance [1] Group 2 - The Financial Technology ETF closely tracks the China Securities Finance Technology Theme Index, which reflects the overall performance of listed companies in the financial technology sector [2] - As of November 28, 2025, the top ten weighted stocks in the index account for 53.31% of the total, including companies like Tonghuashun and Dongfang Caifu [2]

从中长期投资逻辑来看，金融科技板块弹性十足，对流动性改善反映迅速，目前A股有望迎更多增量资 金进场，金融科技板块有望持续受益：互联网券商基本面预期有望持续改善，金融IT等作为顺周期高 弹性品种，也持续受益于交易量提振，C端炒股软件景气度向上，B端金融IT需求逐步释放。 展望板块2026年投资策略，东吴证券观点认为，金融科技机会主要围绕两条主线展开：短期看市场活跃 的持续性，2025年资本市场活跃度仍在持续，互联网券商在2025年及2026年上半年仍会有一定的业绩释 放；中期关注金融IT业绩弹性，随着政策发力推动金融行业基本面改善，同时券商信创稳步推进，也 将使金融IT公司收益逐步增长。 12月8日早盘，受利好消息刺激，金融科技高开高走，赢时胜大涨超15%，中科金财、创识科技、银之 杰、四方精创等多股涨超5%，指南针、东方财富、同花顺、大智慧等互联网券商涨超2%。 热门ETF方面，同类规模最大的金融科技ETF（159851）场内继续反弹超2%，成交额快速放量超2亿 元，资金实时净申购8700万份，此前一周已有超4亿元加码！ | 分时 多日 1分 5分 · | F9 盘前盘后 露加 九射 面线 工具 @ (2 > ...

12月5日，银之杰大宗交易成交5万股，成交额201.5万元，占当日总成交额的0.08%，成交价40.3元，较 市场收盘价40.3元持平。 | 权益类证券大宗交易(协议交易) | | | | | | | | 团 下载 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 交易日期 | 证券代码 | 证券简称 | 成交价格 (元) | 成交量 (万股/万份) | 成交金额 (万元) | 买方营业部 | 卖方营业部 | | | 2025-12-05 | 300085 | 银之杰 | 40.30 | 5.00 | 201.50 | 国泰海通证券股份 有限公司深圳福华 三路证券营业部 | 机构专用 | | ...

Core Viewpoint - The A-share market experienced a significant surge on December 5, driven by strong performances in the non-bank financial sectors, including insurance, securities, and internet finance, alongside a robust showing in technology sectors [1] Group 1: Market Performance - The Shanghai Composite Index rose by 0.70%, the ChiNext Index surged by 1.36%, and the Shenzhen Component Index increased by 1.08% by the end of the trading day [1] - A total of 4,387 stocks in the market saw gains, with trading volume increasing by 1,768 billion, reaching 17,258 billion [1] Group 2: Sector Analysis - The securities sector saw notable gains, with Zhongyin Securities hitting the daily limit and other companies like Yingshisheng and Huijin shares also experiencing significant increases [1] - The technology sector also performed well, with concepts such as superconductors, commercial aerospace, and virtual robotics showing strength [1] Group 3: Factors Driving the Market - The rally in the financial sector was attributed to two main factors: positive statements from external institutions and macro liquidity support from the central bank, which conducted a 1 trillion yuan reverse repurchase operation [1] - Analysts noted that the financial sector's rise could signal a market bottom and the potential start of a year-end rally, influenced by upcoming policy announcements and improved global liquidity conditions [2][3] Group 4: Future Market Outlook - Analysts expect a "first suppress then rise" trend for the A-share market in December, with a focus on policy direction and liquidity support from the central bank [3] - Key variables to monitor include market style shifts, technology sector funding flows, central bank monetary policy, and external factors such as the Federal Reserve's policies [4]

Core Viewpoint - The financial technology sector experienced a significant surge, with the China Securities Financial Technology Theme Index rising over 1%, driven by gains in internet brokerages and financial IT companies [1][5]. Group 1: Market Performance - The financial technology ETF (159851), the largest in its category, saw a rebound of over 2% with trading volume exceeding 200 million yuan [1][5]. - Notable stock performances included Ying Shisheng, which surged over 15%, and several other stocks like Yinzhijie, Zhinan Zhen, and Dingdian Software, which rose over 3% [1][5]. Group 2: Sector Analysis - The financial sector is expected to benefit from policy support aimed at promoting high-quality development, with long-term interest rates anticipated to remain stable [6]. - Non-bank sectors are projected to experience stagnation until 2025, but a potential rebound is expected in 2026 as the equity market continues its "slow bull" trend [6]. Group 3: Technology Insights - The AI-driven transformation is expected to enhance the performance of financial software and related computer sectors, with companies benefiting from improved computing power and model capabilities [7]. - The computer sector is anticipated to exhibit significant valuation elasticity, with a strong correlation between fundamentals and liquidity [7]. Group 4: ETF Insights - As of December 2, the financial technology ETF (159851) had a total size exceeding 9 billion yuan, with an average daily trading volume of 800 million yuan over the past six months, leading among eight ETFs tracking the same index [7].

有机构表示，在当前全球科技竞争日益激烈的背景下，基础软件的自主可控不仅是国家安全的需求，也是产业可持续发 展的必然选择。未来基础软件企业将面临更高的技术要求和更强的竞争压力，但也意味着更多的市场机遇。随着国产化 替代的持续推进和产业链金融服务的不断深化，基础软件企业将有望实现从"跟跑"到"并跑"再到"领跑"的转变，为我国 新型工业化和高质量发展提供坚实的底层技术支撑。 （文章来源：每日经济新闻） 软件概念股走低，昆仑万维、润泽科技、银之杰跌超2%。 受盘面影响，创业板软件相关ETF跌约2%。 | 代码 | 名称 | 现价 | 涨跌 涨跌幅 ＾ | | --- | --- | --- | --- | | 159107 | 创业板软件ETF富国 | 0.862 | -0.018 -2.05% | | 159256 | 创业板软件ETF华夏 | 0.957 | -0.019 -1.95% | ...

证券日报网讯 12月2日，银之杰在互动平台回答投资者提问时表示，截至2025年11月28日，公司股东人 数为103980户。 （文章来源：证券日报） 证券日报网讯 12月2日，银之杰在互动平台回答投资者提问时表示，截至2025年11月28日，公司股东人 数为103980户。 （文章来源：证券日报） ...

11月24日，银之杰盘中上涨2.02%，截至13:51，报38.32元/股，成交5.99亿元，换手率2.43%，总市值 270.78亿元。 资金流向方面，主力资金净流出3493.95万元，特大单买入1524.48万元，占比2.55%，卖出3599.80万 元，占比6.01%；大单买入1.26亿元，占比21.07%，卖出1.40亿元，占比23.44%。 银之杰今年以来股价涨0.18%，近5个交易日跌8.04%，近20日跌22.00%，近60日跌21.27%。 资料显示，深圳市银之杰科技股份有限公司位于广东省深圳市福田区泰然七路博今商务广场B座十二 层，成立日期1998年10月28日，上市日期2010年5月26日，公司主营业务涉及银行等金融机构提供与支 付结算、风险防控、业务流程再造、自助服务等业务相关的软件产品、软件开发、金融专用设备和技术 服务,以及投资企业征信和个人征信服务服务业务,覆盖到企业移动信息化服务领域。移动商务服务、大 数据运营服务等新兴产业领域。主营业务收入构成为：电子商务52.66%，短彩信通讯服务39.73%，金 融专用设备3.48%，金融软件3.35%，移动互联网应用服务0.78%。 银之 ...

11月21日，银之杰跌5.04%，截至发稿，报37.53元/股，成交7.00亿元，换手率2.80%，总市值265.20亿 元。 资料显示，深圳市银之杰科技股份有限公司位于广东省深圳市福田区泰然七路博今商务广场B座十二 层，成立日期1998年10月28日，上市日期2010年5月26日，公司主营业务涉及银行等金融机构提供与支 付结算、风险防控、业务流程再造、自助服务等业务相关的软件产品、软件开发、金融专用设备和技术 服务,以及投资企业征信和个人征信服务服务业务,覆盖到企业移动信息化服务领域。移动商务服务、大 数据运营服务等新兴产业领域。主营业务收入构成为：电子商务52.66%，短彩信通讯服务39.73%，金 融专用设备3.48%，金融软件3.35%，移动互联网应用服务0.78%。 从基金十大重仓股角度 截至发稿，尹浩累计任职时间6年44天，现任基金资产总规模109.76亿元，任职期间最佳基金回报 107.77%， 任职期间最差基金回报-32.87%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考， ...