（原标题：越南国家科技创新、数字化转型与6号项目指委会召开第4次会议） 越通社9月24日报道，越南国家科技创新、数字化转型与6号项目指导委员会主任范明政当日主持召 开指导委员会第4次会议，评估近期工作成果并提出下一阶段重点工作任务。会议线上线下召开，主会 场设在政府总部，有关部委、部级机构、政府直属机关和全国34个省市设分会场。 范表示，越南正努力实现2025年经济增长8.3%-8.5%目标，未来几年力争实现两位数增长，其发展 必须依靠科技创新，实现快速与可持续发展。当前困难和挑战多于机遇，必须坚定信心、付出更大努 力，一方面巩固传统增长动力如投资、消费和出口，同时大力培育新增长动力，包括绿色经济、数字经 济、循环经济，尤其是半导体、人工智能、大数据、云计算等新兴领域。范要求各部门尽快完成数据库 建设，加快推进两级地方政府数字化转型，建设数字政府、数字公民，推动"全民数字扫盲"运动。 据越南科技部介绍，今年以来越南科技部围绕贯彻落实中央政治局关于科技创新与数字化转型突破 发展的第57-NQ/TW号决议，完善机制体制，建设基础设施，发展数据平台，推动创新生态系统。 越南数字基础设施取得突破性进展，移动和固定互联 ...

Core Viewpoint - The market is experiencing a significant divergence between technology stocks and traditional value stocks, leading to contrasting investment strategies among investors [1][5][9]. Group 1: Technology Stocks - Technology-related sectors such as communication and electronics have shown substantial gains, with the communication index up 63.63% and the electronics index up 49.36% year-to-date as of September 26 [5]. - Investors are increasingly drawn to technology stocks due to their growth potential, despite the high valuations and volatility associated with these stocks [8][9]. - The recent performance of technology stocks has led some investors to shift their strategies, with a portion opting to invest in high-tech sectors like artificial intelligence and semiconductors [5][9]. Group 2: Traditional Value Stocks - Traditional sectors such as coal, food and beverage, and oil and petrochemicals have underperformed, with year-to-date declines of 7.12%, 5.78%, and 2.75% respectively [5]. - Despite the downturn, traditional stocks still offer opportunities due to their defensive characteristics, such as high dividends and stable cash flows [1][9]. - Some investors maintain a focus on traditional value stocks, believing they can withstand market pressures better than technology stocks during downturns [5][9]. Group 3: Investment Strategies - Investors are advised to consider their risk tolerance and knowledge when investing in technology stocks, as these typically have higher volatility and require close monitoring of industry trends [8][9]. - Investment strategies may include focusing on technology stocks that benefit from overseas supply chains or domestic replacements in sectors like computing, storage, and semiconductors [8][9]. - The divergence between technology and traditional sectors is attributed to multiple factors, including policy incentives, technological advancements, and shifts in capital preferences, which may lead to a future correction in valuations [8][9].

9月26日，私募排排网最新数据显示，截至9月19日，股票私募仓位指数达78.41%，反映出股票私募近 期加仓动作显著。 自8月份以来，股票私募仓位指数整体呈增长态势，从8月1日的73.93%到9月19日的78.41%，期间累计 增长4.48个百分点。进入9月份以来，股票私募仓位指数增长加速，从9月5日的75.08%升至9月12日的 78.04%，单周大幅增长2.96个百分点，此后一周又继续上涨至78.41%。 值得关注的是，不同规模股票私募的仓位配置呈现出"两端"高、"中间"低的特点，即小规模(管理规模 在5亿元以下)和大规模(管理规模在50亿元以上)股票私募仓位指数更高、进攻性更强，中等规模(管理规 模在5亿元至50亿元之间)股票私募仓位指数相对较低。 具体来看，管理规模在100亿元以上和管理规模在50亿元至100亿元之间的股票私募仓位指数分别为 79.95%、85.56%，管理规模在20亿元至50亿元之间、10亿元至20亿元之间、5亿元至10亿元之间的股票 私募仓位指数分别为75.19%、76.28%、76.74%，管理规模在5亿元以下的股票私募仓位指数为79.02%。 相较于上周，除了管理规模在50亿元 ...

股票私募仓位创年内新高。 9月26日，记者从私募排排网获悉，截至2025年9月19日，股票私募仓位指数为78.41%，较前一周上升0.37个百分点，实现连续第二周上 涨。同时，在经历持续加仓后，当前股票私募仓位指数已刷新今年以来的最高水平。 从股票私募的仓位分布情况来看，满仓私募（60.01%）占比最高，其次是中等仓位私募（23.68%），而低仓和空仓私募占比相对较低， 分别为11.18%和5.13%。对比前一周数据，结构变化明显。其中，中等仓位占比明显提升，同时低仓占比大幅下降。这一数据变动揭示，本 次仓位指数的上涨主要由低仓私募向中等仓位的迁移所驱动，预示着私募整体乐观情绪正在扩散。 分规模来看，数据显示，截至2025年9月19日，100亿元以上、50亿至100亿元、20亿至50亿元、10亿至20亿元、5亿至10亿元和0亿至5亿 元规模股票私募，仓位指数依次为79.95%、85.56%、75.19%、76.28%、76.74%和79.02%。环比前一周，除仓位已处高位的50亿至100亿元规 模私募微降外，其他规模私募仓位普遍提升。值得关注的是，百亿级私募加仓意愿最为坚决，单周加仓1.73%，并且连续2周大 ...

Market Overview - A-shares experienced a volume contraction and correction on September 26, influenced by profit-taking and cautious sentiment ahead of the holiday, with technology sectors like semiconductors, CPO, and AI leading the decline [1][2] - The Shanghai Composite Index fell by 0.65% to 3828.11 points, while the ChiNext Index dropped 2.6% to 3151.53 points, and the Shenzhen Component Index decreased by 1.76% [2] Trading Activity - Daily trading volume decreased to 2.17 trillion yuan, with 3414 stocks declining and only 1805 stocks rising [3] - Notable declines included Luxshare Precision (-6.53%), Zhongji Xuchuang (-4.81%), and CATL (-3.17%), while Seirus saw an increase of 5.77% [3][4] Sector Performance - Major sectors such as computers, electronics, media, communication, machinery, and pharmaceuticals experienced significant adjustments [5] - The computer sector saw a decline of 3.26%, electronics dropped 2.75%, and communication fell 2.55% [6] Investment Sentiment - Market sentiment is cautious, with investors shifting from high-volatility tech stocks to defensive sectors due to heightened risk aversion ahead of the holiday [7][10] - Analysts suggest that the current market correction is a healthy consolidation, setting the stage for potential opportunities in October [1][9] Future Outlook - The upcoming week is expected to see continued cautious sentiment as the National Day holiday approaches, with historical trends indicating a preference for risk aversion [9][10] - Investment strategies may focus on a mix of defensive and growth-oriented stocks, particularly in technology and undervalued blue-chip sectors [8][10]

Group 1: ABS Market Overview - In August 2025, the Asset-Backed Securities (ABS) market saw 99 new registrations with a total scale of 875.92 billion yuan [1] - The top three ABS underlying assets by registration scale were accounts receivable (250.89 billion yuan), micro-loan debts (213.01 billion yuan), and financing lease debts (189.73 billion yuan) [1] - As of the end of August 2025, there were 2,573 ABS in existence with a total scale of 21,891.65 billion yuan [1] Group 2: Securities Monitoring and Regulatory Actions - The Shenzhen Stock Exchange monitored "*ST Yushun" closely from September 22 to September 26, addressing 176 abnormal trading behaviors [2] - The exchange reported two major company events for verification and submitted two suspected illegal cases to the China Securities Regulatory Commission [2] Group 3: Silicon Material Production and Market Trends - In October, the production of polysilicon exceeded expectations, with two companies reporting a decrease while four reported an increase [3] - Inventory pressure in the polysilicon market is becoming evident, with expectations of continued accumulation unless downstream demand remains high [3] Group 4: Corporate Leadership Changes - Merck Group announced a leadership transition, with Kai Beckman set to take over as CEO from Belén Garijo on May 1, 2026 [3] - Xiamen International Bank approved the appointment of Wang Fenghui as Chief Information Officer [6] Group 5: Financial and Regulatory Developments - Baoli Tianheng's subsidiary was questioned by Yunnan's medical insurance bureau regarding the high price of a medication, which raised concerns about pricing practices [3] - Jingliang Holdings received an administrative regulatory decision from Hainan's Securities Regulatory Bureau for revenue recognition issues involving 2.99 billion yuan [8] Group 6: Corporate Transactions and Listings - Moller Thread's IPO application was approved by the Shanghai Stock Exchange, aiming to raise 8 billion yuan for various AI and chip development projects [7] - Wanxing Technology submitted an application for H-share issuance and listing on the Hong Kong Stock Exchange [9]

半导体板块今日早盘表现活跃，截至10:02，中证半导体材料设备主题指数上涨1.7%，9月已累计涨 超20%，成分股中，联动科技涨超12%，华海清科涨超6%，金海通涨超5%，半导体设备ETF易方达 （159558）盘中净申购超6600万份，该产品此前已连续7个交易日获净流入，合计3.6亿元。 中信证券表示，从产能角度看，国内晶圆厂全球市占率有望从目前的10%提升至30%，存在约3倍 扩产空间；设备国产化率若从目前的20%提升到60%至100%，则有3至5倍的增长空间。短期来看，今年 国内晶圆厂投资节奏虽相对平稳，但头部存储厂商新项目有望启动，先进逻辑厂商亦在加大扩产力度， 半导体设备行业或迎来新一轮增长。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 每日经济新闻 （责任编辑：张晓波 ） 中证半导体材料设备主题指数由40只业务涉及半导体材料和半导体设备的股票组成，聚焦算力硬件 基础环节，根据申万三级行业分 ...

消息面上 转自：新华财经 新华财经北京9月26日电（罗浩）沪深两市三大股指26日早间普遍低开，各股指盘初完成缺口回补，转 涨后不久开始震荡下行，午后跌幅扩大，收盘时均显著下跌。 板块方面，神马股份因其控股股东拟实施战略重组消息涨停，带动新凤鸣、恒逸石化、新乡化纤、桐昆 股份等化纤股大幅上涨；风电板块延续近日强势表现，板块龙头明阳智能涨停，天能重工涨约8%。当 日，可燃冰、水务、航空、保险、POE胶膜等板块亦有显著上涨。游戏、元器件、铜缆高速连接、消费 电子、CPO概念等板块则遭遇较大幅度调整。 截至收盘，沪指报3828.11点，跌幅0.65%，成交额约9279亿元；深成指报13209.00点，跌幅1.76%，成 交额约12190亿元；创业板指报3151.53点，跌幅2.60%，成交额约5702亿元；科创综指报1671.02点，跌 幅1.97%，成交额约2466亿元；北证50指数报1528.98点，跌幅1.81%，成交额约195亿元。 机构观点 巨丰投顾：周五市场震荡运行，风电设备板块涨幅居前。目前形势下，财政货币政策在四季度有望实现 季节性发力，对盈利周期形成提振；在政策刺激下，A股与经济有望同步出现向上的拐 ...

Group 1: Market Overview - The market experienced a volatile upward trend with a total trading volume of 2.37 trillion yuan, an increase of 44.3 billion yuan compared to the previous trading day [1] - Various sectors showed rapid rotation, with gaming, AI applications, and controllable nuclear fusion leading in gains, while port shipping, precious metals, and oil and gas sectors faced declines [1] Group 2: Monetary Policy and Fund Management - The People's Bank of China plans to support foreign institutional investors in engaging in bond repurchase transactions in the Chinese bond market to enhance the efficiency of RMB bonds [1] - The total scale of public funds has surpassed 36 trillion yuan, marking the fifth historical high this year, with significant growth in stock and mixed funds [1] Group 3: Industry Insights - The copper smelting industry is expected to implement strict measures to control capacity expansion, addressing the "involution" issue highlighted by the China Nonferrous Metals Industry Association [2] - The focus on optimizing capacity in the copper smelting sector includes phasing out outdated capacities and enhancing efficiency through advanced smelting technologies [2] - The copper industry is anticipated to return to profitability, with expectations for improved capacity layout and operational efficiency due to ongoing state-owned enterprise reforms [2] Group 4: Investment Trends - The market is currently characterized by a divergence in performance among major indices, with the ChiNext index reaching a multi-year high while the Shanghai Composite Index remains relatively weak [3] - Investment focus is advised to remain on popular sectors, particularly in technology and new energy, with strong performance in the AI industry chain, semiconductors, and new energy core stocks [3]

Core Viewpoint - The stock of Huafeng Measurement and Control has shown significant growth in 2023, with a year-to-date increase of 97.60%, indicating strong market performance and investor interest [1]. Financial Performance - For the first half of 2025, Huafeng Measurement and Control reported a revenue of 534 million yuan, representing a year-on-year growth of 40.99% [2]. - The net profit attributable to shareholders for the same period was 196 million yuan, reflecting a substantial increase of 74.04% compared to the previous year [2]. Stock Market Activity - As of September 26, the stock price was 205.01 yuan per share, with a trading volume of 5.56 billion yuan and a turnover rate of 1.96% [1]. - The company experienced a net inflow of main funds amounting to 13.11 million yuan, with significant buying activity from large orders [1]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 10.56% to 7,015, while the average number of circulating shares per person increased by 11.88% to 19,320 shares [2]. - The top ten circulating shareholders include notable institutional investors, with Hong Kong Central Clearing Limited being the third-largest shareholder, increasing its holdings by 404,410 shares [3]. Dividend Distribution - Since its A-share listing, Huafeng Measurement and Control has distributed a total of 565 million yuan in dividends, with 336 million yuan distributed over the past three years [3].