中信证券表示，"十五五"规划建议中进一步明确了新型能源体系的重要地位，针对电力系统建设指引了 消纳、韧性、电气化等中长期的发展重心。该机构认为，政策进一步指引和夯实了特高压、柔性直流输 配电、数智化电网等环节的中长期机遇。同时，中短期来看，输变电设备内外需景气共振，结构性需求 持续显现，特高压、智能电网等环节有望迎来景气反转。 电网设备ETF（159326）：是全市场唯一跟踪中证电网设备主题指数的ETF，从申万三级行业分类上 看，指数成分股的行业分布以输变电设备、电网自动化设备、线缆部件及其他、通信线缆及配套、配电 设备为主，拥有较强的代表性。特高压权重占比高达65%，"核聚变"含量超14%，均为全市场最高。 （文章来源：每日经济新闻） 12月12日，核聚变、虚拟电厂、核电、特高压等概念集体拉升，电网设备板块强势反弹。截至11:22， 全市场唯一的电网设备ETF（159326）涨幅3%，成交额已达2.81亿元，持仓股中能电气、中国西电、华 菱线缆、风范股份等多股涨停，通光线缆、保变电气均涨超8%，特变电工涨超6%。 近期电网设备板块迎来多重利好，可控核聚变迎来技术突破，AI算力爆发引起全球数据中心缺电。高 盛 ...

Core Viewpoint - The article discusses the performance of the A-share market, highlighting the fluctuations in major indices and the active sectors, particularly in commercial aerospace and nuclear fusion concepts, while noting weaknesses in lithium battery electrolyte and banking sectors [3][4]. Market Performance - As of midday, the Shanghai Composite Index fell by 0.04%, while the Shenzhen Component rose by 0.57%, and the ChiNext Index increased by 0.6% [3]. - The total trading volume in the Shanghai and Shenzhen markets reached 1.24 trillion yuan, an increase of 80 billion yuan compared to the previous trading day, with over 3,200 stocks rising [4]. Sector Highlights - The following sectors showed notable gains: - Electric grid equipment: +3.75% - Controlled nuclear fusion: +3.06% - Flexible DC transmission: +3.04% - Precious metals: +2.72% - Superconducting concepts: +2.48% [4]. - Conversely, the fluorochemical sector declined, with companies like Multi-Fluor hitting the daily limit down [6]. Stock Movements - In the Hong Kong market, electric power equipment stocks performed well, with Harbin Electric rising over 6% [8]. - Lithium mining concepts saw a surge, with Jin Yuan shares hitting the daily limit up, and major players like Dazhong Mining and Blue Sky Technology also rising [9]. - The retail sector experienced a downturn, with several companies, including Dongbai Group and Yonghui Supermarket, hitting the daily limit down [9]. Economic Indicators - The central bank conducted a 120.5 billion yuan reverse repurchase operation with a rate of 1.4%, while 139.8 billion yuan of reverse repos matured on the same day [16]. - The RMB to USD central parity rate was reported at 7.0638, an increase of 48 basis points from the previous trading day [17].

每经AI快讯，12月12日，特高压概念走强，风范股份涨停，红相股份、通光线缆、杭州柯林跟涨。 （文章来源：每日经济新闻） ...

今日市场震荡调整，截至收盘，上证指数跌0.70%报3873.32点，深证成指跌1.27%，创业板指冲高后回 落，收跌1.41%，科创50收跌1.55%。沪深两市全天成交额1.86万亿元，较上日放量786亿元。市场情绪 偏弱，全天超4300只个股下跌。分板块来看，特高压、商业航天等概念上涨，房地产、零售、通信设备 等板块调整明显。 资料来源： Wind 今日黄金基金ETF（518800）收涨0.18%，黄金股票ETF（517400）收涨0.07%。 资料来源： Wind 美联储降息如期落地。当地时间12月10日，美联储宣布降息25个基点，将联邦基金利率目标区间下调至 3.50%-3.75%，这是继9月17日，10月29日之后的年内第三次降息，幅度均为25个基点。本次降息落地前 市场已经有充分预期，关注点更多在于美联储对后续降息路径的态度。点阵图中位数维持了2026年仅有 1次降息的预测，鲍威尔也表示当前利率处于"有利位置"，表明后续降息门槛可能提高。 但同时，美联储重启扩表操作，将自2025年12月12日起启动短期美国国债购买，未来30天计划购买400 亿美元，购买规模或将在未来数月维持高位，此举将为市场直接注 ...

尾盘权重股异动。 A股今日（12月11日）走势分化，三大股指集体下挫，北证50指数逆市飙升，一度大涨超6%。港股亦走弱，恒生科技 指数一度跌超1%。 具体来看，A股三大股指盘中震荡下探，午后加速下行，深证成指、创业板指跌超1%。截至收盘，沪指跌0.7%报 3873.32点，深证成指跌1.27%，创业板指跌1.41%，北证50指数涨3.84%，沪深北三市合计成交18855亿元，较此前一 日增加 937亿元。 值得注意的是，浦发银行、农业银行、工商银行、中国银行、中国石油、中国石化、贵州茅台、中国人寿等集合竞价 期间突然集体拉升。 北证50指数爆发 北证50指数午后大幅飙升，一度涨超6%，收盘涨3.84%。 个股方面，天力复合30%涨停，富士达、星图测控涨超13%，天马新材涨超9%。 全A近4400股飘绿，零售、食品饮料、酿酒等消费板块集体回落，安记食品、海欣食品双双跌停；多只权重股尾盘突 然异动，农业银行、中国银行、工商银行、中国石油、贵州茅台、中国人寿等集合竞价期间集体拉升；次新股逆市活 跃，摩尔线程大涨28%突破900元大关，创上市以来新高，市值超4400亿元；特高压概念拉升，通光线缆、中超控股、 华菱线缆 ...

Core Points - The internet celebrity economy sector experienced a decline of 3.07%, ranking among the top declines in concept sectors, with significant drops in stocks like Xinhua Du (down 9.99%) and Guangbai Co. (down 8.95%) [1][2] - The sector saw a net outflow of 2.862 billion yuan from major funds, with 89 stocks experiencing net outflows, and BlueFocus being the most affected with a net outflow of 799.84 million yuan [2][3] Sector Performance - The internet celebrity economy sector was one of the worst-performing sectors today, with a decline of 3.07% [1][2] - Other sectors with notable declines included the horse racing concept (-4.70%) and the Xiaohongshu concept (-3.33%) [2] Fund Flow Analysis - Major funds saw a net outflow of 2.862 billion yuan from the internet celebrity economy sector, indicating a lack of investor confidence [2][3] - The top three stocks with the highest net outflows were BlueFocus, Kunlun Wanwei, and Gongxiao Daji, with outflows of 799.84 million yuan, 182.62 million yuan, and 169.62 million yuan respectively [2][3]

中国经济周刊-经济网讯 截至收盘，上证综指报3873.32点，跌幅0.70%，成交额7643.50亿元；深证 成指报13147.39点，跌幅1.27%，成交额10927.62亿元；创业板指报3163.68点，跌幅1.41%，成交额 5132.25亿元。 盘面上看，地产、零售、纺织服装、食品饮料、酿酒等板块走低，次新股、可控核聚变、商业航 天、特高压概念等活跃。 编辑：何颖曦 ...

Market Performance - The three major stock indices experienced fluctuations, with the Shenzhen Component Index and ChiNext Index both declining over 1%, while the North Stock 50 Index surged over 6% at one point [1] - By the end of trading, the Shanghai Composite Index fell by 0.7% to 3873.32 points, the Shenzhen Component Index dropped by 1.27%, the ChiNext Index decreased by 1.41%, and the North Stock 50 Index rose by 3.84% [1] - The total trading volume across the Shanghai, Shenzhen, and North Stock markets reached 188.55 billion yuan [1] Sector Performance - Sectors such as real estate, retail, textiles and apparel, food and beverage, and liquor saw declines, while new stocks, controllable nuclear fusion, commercial aerospace, and ultra-high voltage concepts were active [1] Policy Outlook - Dongguan Securities indicated that as the 14th Five-Year Plan begins, the transition from old to new growth drivers is entering a critical phase, with strong demands for transformation and growth expected to continue into next year [1] - The need for policies to balance short-term and long-term goals is emphasized, with a focus on preparing for future risks and challenges [1] - The return to a cross-cycle policy perspective suggests a greater emphasis on long-term policy views, with specific measures to be closely monitored in the upcoming Central Economic Work Conference [1] - In terms of investment strategy, the end of the year and the beginning of the new year typically favor financial and value styles, which also have protective attributes; attention should also be given to cyclical sectors and specific technology subfields that may benefit from the Central Economic Work Conference [1]

11日早盘，沪指盘中震荡下探，创业板指逆市上扬，全A超4200股飘绿。 星石投资认为，临近12月中旬，市场可能提前博弈中央经济工作会议定调，政策预期发酵或推动市场情 绪和资金活跃度逐步回升。随着市场量能提升，股市赚钱效应也有望边际增加。向后看，本轮牛市的中 期驱动因素尚未发生明显改变，股市仍处于慢牛趋势中。明年国内政策持续发力带动经济修复是大概率 事件，基本面因素对股市的驱动会走强，企业盈利兑现将进一步驱动市场表现。 （文章来源：证券时报网） 截至午间收盘，沪指跌0.46%报3882.72点，深证成指跌0.18%，创业板指涨0.3%，科创50指数跌近1%， 沪深北三市合计成交11651亿元。 盘面上看，零售、地产、食品饮料、农业、酿酒等板块走低，银行板块小幅拉升，特高压、商业航天、 可控核聚变概念等活跃。 ...

电网设备ETF（159326）是全市场唯一跟踪中证电网设备主题指数的ETF，从申万三级行业分类上 看，指数成分股的行业分布以输变电设备、电网自动化设备、线缆部件及其他、通信线缆及配套、配电 设备为主，拥有较强的代表性。特高压权重占比高达65%，全市场最高。 12月11日，A股三大指数集体反弹，经历阶段调整后的电网设备板块强势反弹，特高压概念表现亮 眼。截至9:47，全市场唯一的电网设备ETF（159326）涨幅1.74%，成交额达5466万元，持仓股通光线 缆、汉缆股份、华菱线缆等股涨停，电科院涨超10%，长缆科技、平安电工、精达股份、特变电工等股 跟涨。 电网设备ETF已连续10日获资金净流入，合计"吸金"达6.91亿元，最新规模26.21亿元，创成立以来 新高。 "十五五"时期是新型电力系统建设承上启下、攻坚突破的关键五年。此前，国家能源局表示，将把 握好"十五五"战略关键期，以加快构建新型电力系统为主题，以电力行业高质量发展为主线，统筹源网 荷储各侧，科学规划和实施一批重大战略任务、重大工程项目、重大改革举措，推动新型电力系统建设 取得新的突破。 此外，AI算力爆发引起数据中心缺电，已形成全球共识，此前 ...