格隆汇2月13日｜深交所公告，深港通下的港股通标的证券名单调入沃尔核材，自2026年2月13日起生 效。 ...

Group 1 - In January 2026, the number of new fund issuances reached 169, the highest level since March 2023, with several funds selling out in one day and some triggering proportionate allotment due to oversubscription [1] - Fund advisors have accelerated their reallocation strategies, with 178 out of nearly 650 fund advisor portfolios adjusting their allocations, favoring undervalued value-type funds [1] - The overall asset allocation has seen an increase in A-shares and bond positions while reducing cash assets, U.S. stocks, and Hong Kong stocks, with a focus on sectors like non-ferrous metals, electronics, and communications [1] Group 2 - The issuance of bond funds has significantly declined in 2026, with new pure bond funds being very few, while "fixed income +" funds continue to dominate the new bond fund market [3] - The latest VAT policy has excluded regular life insurance products from the exemption, leading to increased costs and a projected price rise of 5% to 10% for new products [3] - The recent rise in the onshore and offshore RMB against the USD, surpassing the 6.90 mark, is attributed to seasonal corporate demand for currency settlement and external factors affecting the USD [4] Group 3 - Several securities firms, including Caida Securities, are expanding their credit business scale, raising the upper limit of related quotas from 100% to 140% of audited net capital for 2024 [5] - The rapid expansion of margin financing demand has led to an increase in the total scale of margin financing, which is expected to boost revenue for securities firms [5] - The introduction of new refinancing policies by major exchanges is seen as a positive development for the investment banking business, with a focus on leveraging these opportunities post-holiday [6] Group 4 - The public fund of funds (FOF) sector has seen a rapid increase, with 31 new FOFs established in 2026, a year-on-year growth of 244.44%, driven by demand for stable investment products and continuous innovation [7] - The pre-prepared food market is experiencing a surge in demand as the Lunar New Year approaches, with both online and offline platforms actively promoting various meal kits and specialty dishes [7] - The urban real estate financing coordination mechanism has shown effectiveness, with significant credit support provided to "white list" projects, ensuring funding for ongoing construction and protecting homebuyer rights [8]

每经AI快讯，2月13日，深交所网站发布公告称，深港通下的港股通标的证券名单发生调整，调入沃尔 核材（002130），2月13日起生效。 ...

沃尔核材本次全球发售总计139,988,800股H股，其中香港发售13,999,000股H股，国际发售125,989,800股 H股。 最终发售价定为每股20.09港元，另加1%经纪佣金、0.0027%证监会交易征费、0.00565%联交所交易费 及0.00015%会财局交易征费。 免责声明：本文内容与数据由观点根据公开信息整理，不构成投资建议，使用前请核实。 来源：观点地产网 观点网讯：2月13日，海致科技集团、沃尔核材将正式于港交所挂牌上市。，当日港股市场无新股申购 安排。 2月12日，港交所文件显示，海致科技集团香港上市招股总计募资7.585亿港元。该公司发行价定为每股 27.06港元，面向香港散户投资者发售的280万股获得5065.06倍认购。 ...

Group 1 - The People's Bank of China will conduct a 10,000 billion yuan reverse repurchase operation on February 13, 2026, to maintain ample liquidity in the banking system, with a term of 6 months [1][5][21] - This operation is part of a strategy to ensure liquidity and is expected to send a positive signal to the market [20] Group 2 - China Shenhua announced a 133.598 billion yuan acquisition of 12 core enterprises from its controlling shareholder, the State Energy Group, which received approval from the China Securities Regulatory Commission [2][17] - This transaction marks the largest asset purchase project in A-shares and is the first to apply the simplified review process for mergers and acquisitions, highlighting the vitality of capital market reforms [2][17] Group 3 - The Ministry of Natural Resources supports the establishment of a cross-regional construction land coordination mechanism in the Beijing-Tianjin-Hebei region [3][18] - This initiative aims to explore a spatial access mechanism for major projects, promoting coordinated urban development [3][18] Group 4 - The State Administration for Market Regulation released a compliance guide with 28 measures to regulate pricing behavior in the automotive industry, aiming to promote healthy market development [4][19] - The guide addresses issues such as price fraud and lack of clear pricing, which harm consumer and operator interests [4][19] Group 5 - The cross-border ETF market has reached a scale of 1 trillion yuan, with Hong Kong-themed ETFs accounting for 822.451 billion yuan, indicating strong capital inflows [7][23] - The net inflow of Hong Kong-themed ETFs has reached 54.435 billion yuan since the beginning of the year [7][23] Group 6 - The China Securities Association has issued a notice regarding the self-regulatory inspection of securities companies' integrity and investment banking service fees, indicating areas for improvement in fee structures [6][22] - The notice highlights issues such as unclear fee agreements and delayed reporting of fee information [6][22] Group 7 - The Shanghai Stock Exchange plans to provide over 1.1 billion yuan in benefits to the market this year as part of its service improvement initiatives [9][24] - This initiative is part of a broader effort to enhance regulatory and service practices [9][24] Group 8 - The State-owned Assets Supervision and Administration Commission has outlined four key tasks for the "AI+" initiative among central enterprises, focusing on advancing AI technology and investment [10][25] - The initiative aims to enhance collaboration between computing power and energy sectors [10][25] Group 9 - Recent refinancing regulations have activated the market, benefiting leading brokerages while creating competitive dynamics for smaller investment banks [11][26] - Brokerages are preparing to leverage these new policies to engage with listed companies post-holiday [11][26] Group 10 - The AI application sector in the A-share market has seen significant growth, driven by the testing of ByteDance's AI video generation model, Seedance 2.0, which has boosted interest in the media sector [12][27] - The performance of media and gaming-themed ETFs has been particularly strong, reflecting optimistic market expectations for AI commercialization [12][27] Group 11 - A recent survey indicates that 62.16% of private equity firms prefer to hold a heavy position during the upcoming holiday, reflecting confidence in structural opportunities despite market volatility [13][28] - Only 8.11% plan to hold light positions due to concerns about potential market corrections [13][28] Group 12 - The real estate financing coordination mechanism is being expanded to ensure market stability and risk mitigation, with significant credit support provided to "white list" projects [15][30] - Financial institutions have issued 1.2123 trillion yuan in credit for 1,929 projects, with 911.9 billion yuan already disbursed [15][30] Group 13 - The gold market is experiencing high consumer demand ahead of the Spring Festival, with long queues observed at jewelry stores, indicating strong consumer interest despite price fluctuations [14][29]

本文源自：金融界AI电报 今日海致科技集团(2706.HK)、沃尔核材(9981.HK)上市，无新股申购。 ...

Group 1 - US stock market experienced a significant decline, with the Nasdaq dropping over 2% and Cisco falling more than 12%, while the Chinese concept index decreased by 3% [2] - South Korean investors aggressively purchased Chinese stocks, notably MiniMax-WP and Lanke Technology [2] - The storage giant Kioxia's annual performance forecast exceeded expectations [2] Group 2 - The Ministry of Industry and Information Technology of China is soliciting opinions on five mandatory national standards related to intelligent connected vehicles and autonomous driving system safety requirements [2] - The Chinese smartphone sales in January saw a year-on-year decline of 23% [2] - Semiconductor company Hua Hong Semiconductor reported Q4 sales revenue of $660 million, marking a year-on-year increase of 22.4% and a quarter-on-quarter increase of 3.9% [2][3]

Core Viewpoint - The recent surge in interest from international investors in Hong Kong's tech IPOs, particularly in semiconductor companies, indicates a shift in investment logic towards recognizing Chinese firms as global leaders in their sectors, despite the relatively high price-to-earnings (PE) ratios in the Hong Kong market [1][4]. Group 1: IPO Performance and Investor Interest - Walden Materials is set to officially list on the Hong Kong Stock Exchange, with notable cornerstone investors including Jump Trading [1]. - Lanqi Technology's IPO saw a remarkable first-day increase of 63.72%, marking the highest debut gain for A+H shares in the past 20 years [2]. - The IPO of Lanqi Technology attracted 17 cornerstone investors who collectively subscribed approximately $450 million, accounting for about 43% of the post-green shoe issuance size [2]. Group 2: Changing Investment Logic - Recent listings like Lanqi Technology and others in the semiconductor sector are altering the investment logic of international investors, who now view these companies as global leaders with high sales and profit margins [4]. - The demand for high-quality international long-term funds and strategic investors has led to a significant oversubscription of 37.67 times for the international portion of Lanqi Technology's IPO [2][4]. Group 3: Future Trends and Market Dynamics - The upcoming IPOs of high-tech companies are expected to continue attracting foreign investment, with a notable focus on sectors like AI and semiconductors [4][6]. - The market is anticipated to see a strong upward momentum during the Chinese New Year holiday, driven by the tech sector's performance and the return of capital due to the appreciation of the Renminbi [6]. - The trend of high-tech and biotech companies choosing to list in Hong Kong is expected to persist, highlighting Hong Kong's role as a gateway for Chinese assets and high-tech investments [6].

沃尔核材（002130）(09981)公布配发结果，公司全球发售约1.4亿股H股，香港公开发售占10%，国际发 售占90%。最终发售价为每股20.09港元，全球发售净筹约27.34亿港元。每手200股，预期H股将于香港 时间2026年2月13日(星期五)上午九时正在联交所开始买卖。 其中，香港公开发售获569.58倍认购，国际发售获8.19倍认购。 ...

Core Viewpoint - The company,沃尔核材, announced a global offering of 139,988,800 H-shares at a price of HKD 20.09 per share, with net proceeds amounting to HKD 2.734 billion [1] Group 1: Offering Details - The Hong Kong public offering accounted for 10% of the total shares offered, with a subscription rate of 569.58 times [1] - The international offering made up 90% of the total shares, with a subscription rate of 8.19 times [1] - The global offering is expected to become unconditional by February 13, 2026, at 8:00 AM Hong Kong time [1] Group 2: Trading Information - H-shares are anticipated to commence trading on the Hong Kong Stock Exchange on February 13, 2026, at 9:00 AM Hong Kong time [1] - H-shares will be traded in lots of 200 shares, with the stock code being 9981 [1]