Core Viewpoint - The AI sector is experiencing a significant surge, with hardware and application stocks driving the market, particularly led by Google-related stocks, resulting in a collective rise in major A-share indices [1][6]. Group 1: AI Market Performance - AI concept stocks dominated the trading volume, with Zhongji Xuchuang (300308) leading with a 6.06% increase and a transaction volume of 16.59 billion yuan [1]. - Google-related stocks saw substantial gains, with Guangku Technology (300620) and Dekeli (688205) hitting the daily limit up of 20%, while Tengjing Technology and Changxin Bochuang (300548) rose over 15% [1][4]. - The A-share indices collectively rose, with the Shanghai Composite Index up 1.13%, Shenzhen Component Index up 2.04%, and ChiNext Index up 2.6% [1]. Group 2: Technology Sector Trends - The technology sector rebounded, with AI as the main driver, alongside significant gains in optical modules and Sora concepts, as well as the semiconductor supply chain [3]. - Consumer electronics concepts, including AI PCs and Huawei smartphones, also showed strength [3]. Group 3: Institutional Behavior - Market sentiment shifted as Google replaced Nvidia as the new leader in the AI narrative, with Google shares rising 6.31% recently, while Nvidia faced a downturn [6]. - Berkshire Hathaway disclosed a significant investment in Google, acquiring nearly 17.85 million shares valued at approximately 4.3 billion yuan, marking it as the largest new holding in Q3 2025 [6]. - Conversely, Thiel Macro liquidated its entire Nvidia holdings, which previously constituted 40% of its portfolio, indicating a shift in institutional investment strategies [6]. Group 4: Market Dynamics and Future Outlook - Analysts suggest that November marks a new window for market positioning, with a tendency towards thematic speculation, particularly in AI stocks, which currently exhibit high visibility in terms of market conditions [7]. - Upcoming events, such as the 22nd China International Semiconductor Expo, are expected to catalyze further interest in the semiconductor sector [7]. - The A-share market is perceived to have enhanced internal stability, with a shift towards more conservative investment strategies as risk factors have been addressed [8].

2025.11.25 本文字数：2057，阅读时长大约3分钟 作者 |第一财经 安卓 继去年6月成功登陆爱尔兰、英国、德国、瑞士、意大利等欧洲五大主流交易所之后，创业板50指数出 海进程再迎新里程碑。 11月25日，以景顺长城创业板50ETF为底层资产的存托凭证（Depository Receipt）在泰国证券交易所敲 钟上市，为泰国投资者提供投资创业板50指数的上市产品。 据了解，这是中国A股上市ETF首次以存托凭证的形式在泰国上市交易，也是泰国首只创业板50指数的 上市产品，标志中国核心科技资产走进东南亚市场。 票相同，可在证券交易所进行交易。 之所以选择创业板50指数，一方面是由于该指数聚焦于新能源、高端制造、生物医药等高科技行业，能 够帮助泰国投资者捕捉中国科技发展的时代红利，是投资中国"新质生产力"最直接的标的。 深交所表示，将以此次创业板50ETF-DR上市为契机，进一步提高创业板投资端国际化水平，讲好创业 板故事，为全球投资者共享中国科技创新发展成果提供更加便利的桥梁。 创业板50存托凭证首落泰交所 2025年是中国与泰国建交的五十周年，两国经济和金融合作日益深化。随着中国经济高质量发展以及资 ...

板块方面，AI硬件方向全线反弹，CPO概念爆发，玻纤、液冷、覆铜板概念同步大涨，AI应用、商业航天概念持续活跃；水产股大跌，民航、白酒表现 低迷。 具体来看，创新药指数盘中强势拉升，成分股呈现普涨态势，北大医药（000788）涨停，前沿生物-U、南新制药等多股涨幅居前。摩尔线程概念表现活 跃，大众公用（600635）4天2板，初灵信息（300250）、和而泰（002402）等跟涨。 CPO概念全线爆发，万得CPO指数一度涨超10%，德科立、长光华芯、光库科技（300620）20%涨停，太辰光（300570）、长芯博创（300548）涨超 10%，中际旭创（300308）涨近6%。玻纤、液冷、电路板等其余AI硬件方向分支同步走强，特发信息（000070）3板，中材科技（002080）、宏和科技 （603256）、沪电股份（002463）强势封板，深南电路（002916）、东山精密（002384）、生益电子涨超8%。 AI应用方向保持活跃态势，实达集团（600734）4连板，欢瑞世纪（000892）3连板，易点天下（301171）、值得买（300785）涨超10%。 11月25日，A股三大指数集体高开高走。截至午 ...

今日（11月25日）科技成长方向强势进攻，创业板指涨超2.5%，科创综指涨逾1.7%，覆盖创业板+科创板高成长龙头的硬 科技宽基——双创龙头ETF（588330）场内涨幅盘中上探3.45%，现涨2.5%，实时成交额超3200万元，交投较为活跃！ 细分方向来看，光模块三巨头王者归来，中际旭创、新易盛涨超6%，天孚通信涨逾4%；PCB（印制电路板）方面，胜宏 科技涨超6%；光伏方面，阳光电源涨超5%，阿特斯涨逾2%。 【掘金新质生产力，投资中国版"纳斯达克"】 关注双创龙头ETF（588330）及其场外联接基金（A类：013317 / C类：013318）的三大特征： 1、跨市场多元配置，百分百战略新兴：标的指数从科创板和创业板中选取市值较大的50只战略新兴产业上市公司作为指 数样本，汇集高成长龙头，囊括新能源、光伏、光模块、半导体、医疗设备等热门主题； 2、成长风格"战斗基"，一键配置中国顶尖科技：全球科技博弈背景下，科技自立自强和产业链自主可控的重要性提升至 新高度，"中国版纳斯达克"呼之欲出； 3、高弹性工具捕捉科技行情，低门槛布局突围力量：标的指数20%涨跌幅限制，抢反弹更快，有能力担当"反弹先锋"。 相 ...

Core Viewpoint - The listing of the Invesco Great Wall ChiNext 50 ETF Depository Receipts on the Thailand Stock Exchange marks a significant milestone in the internationalization of China's ChiNext index, providing Thai investors with direct access to China's core technology assets [3][4]. Group 1: Internationalization of ChiNext Index - The ChiNext 50 ETF Depository Receipts are the first of their kind from China's A-share market to be listed in Thailand, enhancing the international presence of the ChiNext index [3][4]. - The Shenzhen Stock Exchange aims to leverage this listing to further internationalize the ChiNext investment platform and facilitate global investors' access to China's technological innovations [3][4]. Group 2: Market Demand and Product Details - There is a growing demand among Thai investors for investment products related to China's core assets, driven by China's high-quality economic development and capital market reforms [4]. - The Invesco Great Wall ChiNext 50 ETF was established in December 2022 and currently has a total scale exceeding 50 billion, with a low fee structure of 0.2% [4][5]. Group 3: Performance of ChiNext 50 Index - As of November 18, 2025, the ChiNext 50 Index has shown a cumulative increase of 56.49%, outperforming other broad-based indices [6]. - The index's constituent stocks reported an average revenue growth of 21.07% and a net profit growth of 16.63% in the first half of 2025, with continued strong performance in the third quarter [6][7]. Group 4: Sector Focus and Composition - The ChiNext 50 Index focuses on high-tech sectors such as new energy, advanced manufacturing, and biomedicine, capturing the benefits of China's technological advancements [5][8]. - The top three sectors by weight in the ChiNext 50 Index are batteries (29.76%), communication equipment (18.62%), and photovoltaic equipment (8.22%) [8]. Group 5: Global Integration and Revenue - The leading companies in the ChiNext 50 Index are deeply integrated into the global value chain, with 35.17% of their revenue coming from overseas markets in 2024, which is higher than many broad-based indices [8]. - The average overseas revenue proportion for the top ten weighted stocks in the index is 47.96%, indicating a strong international market presence [8].

下跌方面，养殖板块震荡调整，獐子岛、中水渔业触及跌停。 沪深两市半日成交额1.17万亿元，较上个交易日放量1493亿。 个股方面，中际旭创成交额超165亿元居首，新易盛、蓝色光标、阳光电源成交额靠前。 市场早盘集体走强，沪指涨超1%，创业板指涨超2%。南财金融终端显示，截至早盘收盘，沪指涨 1.13%，深成指涨2.04%，创业板指涨2.6%。 盘面上热点轮番活跃，全市场近4900只个股上涨。 从板块来看，算力硬件概念延续强势，特发信息3连板，长飞光纤、汇绿生态涨停； AI应用概念再度爆发，实达集团4连板，榕基软件7天6板； 抗流感概念表现活跃，广济药业2连板，特一药业、北大医药涨停。 | 沪深A股 | 上证A股 | 深证A股 | 创业板 | 科创板 风险警示 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 代码 | | 名称 | | 深圳 | 最新给 | 深跌 | 深速 | 盘比 | 换手率 | 張綱 | 成交談▼ | | 1 300308 | | 中原旭创 | | +6.0 ...

Market Overview - The A-share market opened strongly with major indices rising, with the Shanghai Composite Index up by 0.71%, the Shenzhen Component Index up by 1.62%, and the ChiNext Index up by over 2% [2][3] - More than 4,700 stocks in the market experienced gains [2] Sector Performance - The communication, media, and computer sectors saw significant increases, particularly in optical module, optical communication, and optical chip stocks [4][5] - The optical module index rose over 8%, with individual stocks like Dekeli hitting the daily limit, and others like Guangku Technology and Changxin Bochuang rising over 15% [7][9] Notable Stocks - Dekeli reached a price of 142.56 CNY, marking a 20% increase, while Guangku Technology and Changxin Bochuang also saw substantial gains [9][11] - Zhongji Xuchuang had a trading volume exceeding 10 billion CNY, leading the A-share market [10] AI and Technology Investments - Amazon announced plans to invest up to 50 billion USD to expand its AI and supercomputing capabilities for U.S. government clients, marking one of the largest cloud infrastructure investments for the public sector [12] - TSMC's CEO indicated a significant demand for advanced process capacity, planning to build three additional 2nm fabs to meet the surge in AI chip orders [12] Media and AI Applications - The media sector continued its upward trend, with AI applications and online gaming leading the charge [12] - Stocks like Huanrui Century and Xinhua Dou achieved three consecutive daily limits, while others like Rongxin Culture and Giant Network also saw significant increases [13] Lithium Battery Sector - Longpan Technology's stock surged to a limit of 18.06 CNY, following the announcement of a major sales agreement worth over 450 billion CNY for lithium iron phosphate materials [15][17] - The agreement revised the sales volume from 15,000 tons to 130,000 tons, extending the contract period to the end of 2030 [17]

Core Viewpoint - The A-share market shows significant gains, particularly in the technology sector, with the ChiNext Index rising over 2.6% amid strong performances in AI hardware and related concepts [2][4]. Market Performance - As of midday, the Shanghai Composite Index increased by 1.13%, the Shenzhen Component Index rose by 2.04%, and the ChiNext Index surged by 2.6% [2]. - The total trading volume in the Shanghai and Shenzhen markets reached 1.17 trillion yuan, an increase of 149.3 billion yuan compared to the previous trading day [3]. Sector Highlights - AI hardware and CPO concepts experienced a broad rebound, with significant gains in glass fiber, liquid cooling, and copper-clad laminate concepts [2]. - The F5G concept led the sector gains with a rise of 5.70%, followed by optical communication and communication equipment sectors, which increased by 4.88% and 4.52%, respectively [3]. - The light communication concept saw a notable expansion, with companies like Guoke Technology and Tengjing Technology hitting historical highs [4]. Notable Stocks - Guoke Technology and Tengjing Technology both achieved maximum gains, with Guoke Technology hitting the daily limit and Tengjing Technology rising over 15% [4]. - Local stocks in Fujian, such as Xunxing Co., experienced a sharp rebound, with several stocks reaching their daily limit [5]. Investor Sentiment - The market sentiment remains positive, with over 4,900 stocks in the market showing gains [2][4].

创业板50指数出海进程再迎新里程碑。 继去年6月成功登陆爱尔兰、英国、德国、瑞士、意大利等欧洲五大主流交易所之后，创业板50指数出 海进程再迎新里程碑。 11月25日，以景顺长城创业板50ETF为底层资产的存托凭证（Depository Receipt）在泰国证券交易所敲 钟上市，为泰国投资者提供投资创业板50指数的上市产品。 InnovestX为泰国头部券商，成立于1995年，是泰国证券交易所认证的8家存托凭证发行商之一。 InnovestX以发行存托凭证的方式将创业板50ETF带到泰国市场。存托凭证是一种证券，其交易方式与股 票相同，可在证券交易所进行交易。 之所以选择创业板50指数，一方面是由于该指数聚焦于新能源、高端制造、生物医药等高科技行业，能 够帮助泰国投资者捕捉中国科技发展的时代红利，是投资中国"新质生产力"最直接的标的。 另一方面，泰国的投资者对宁德时代等全球龙头已有一定的熟悉程度和认知，此前已有基于宁德时代的 存托凭证产品在泰交所上市，此时推出聚焦创业板龙头的创业50ETF存托凭证更容易获得当地投资者的 信任感。 同时，创业板50指数本身具备卓越的流动性。创业50选取了创业板规模最大、交易最 ...

创业50ETF（159682）业绩比较基准为创业板50指数收益率，管理人为景顺长城基金管理有限公司，基 金经理为汪洋、张晓南，成立（2022-12-23）以来回报为34.32%，近一个月回报为-8.44%。 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，不构成个人投资建 议。 来源：新浪基金∞工作室 11月25日，截止午间收盘，创业50ETF（159682）涨2.76%，报1.379元，成交额2.79亿元。创业50ETF （159682）重仓股方面，宁德时代截止午盘涨1.35%，中际旭创涨6.06%，东方财富涨0.51%，新易盛涨 6.03%，阳光电源涨5.87%，胜宏科技涨6.15%，汇川技术涨1.35%，迈瑞医疗涨0.73%，亿纬锂能涨 1.82%，同花顺涨0.73%。 ...