Group 1 - The core viewpoint emphasizes that the market for digital currencies is far from reaching its peak, with the next leading companies being those that hold MSO licenses [1] - Companies that successfully obtain virtual asset trading qualifications can provide services for trading Bitcoin, stablecoins, etc., fundamentally altering industry valuation logic and unlocking growth potential [9][6] - The global market capitalization of Bitcoin has reached $2.1 trillion, ranking it as the sixth-largest asset globally, while the trading volume of stablecoins surged to $27.6 trillion last year [9][10] Group 2 - Two leading companies in the MSO sector have been identified for potential investment opportunities, particularly as their stock prices have not yet significantly increased [2] - Tianfeng Securities saw a stock price increase of 32% within five days, while Guotai Junan International experienced a remarkable 200% rise in a single day [2][4] - The scarcity of MSO licenses is highlighted as a symbol of wealth, similar to the historical performance of companies holding rare licenses [11][12] Group 3 - A specific company reported a 169% increase in performance, with its subsidiary holding an MSO license and providing comprehensive services including stablecoin issuance and cross-border payments [14] - Another company, the only one in the domestic market with a full license for cross-border RMB payments, also holds an MSO license and has attracted significant foreign investment interest [14]

宏观经济 | 证券研究报告 — 总量周报 2025 年 6 月 29 日 周度金融市场跟踪 本周以伊停火，风险资产全面上涨；债券市场 小幅震荡（ 6 月 23 日 -6 月 27 日） ◼ 股票方面，本周 A 股放量上涨。全周累计看，沪深 300 上涨 2.0%，中证 1000 上涨 4.6%，中证 2000 上涨 5.6%，小盘股涨幅大于大盘股。恒生指数上涨 3.2%，恒生科 技指数上涨 4.1%。行业方面，本周 31 个一级行业仅石油化工、食品饮料和交通运输 3 个行业下跌，计算机、军工和非银领涨，且涨幅均在 6%以上。周内看，上周末美 国打击了伊朗核设施，以伊局势一度升温，周一早晨（6 月 23 日）以色列总理表示 伊朗核设施已受到重创，以色列对伊朗的行动目标接近完成，市场避险情绪有所下降， 当天 A 股超 4400 家公司上涨。周二凌晨（6 月 24 日），特朗普在其社交媒体上发文 表示，以色列和伊朗已同意全面停火。当天 A 股放量上涨，全天超 4700 家公司上涨， 全 A 成交额超 1.4 万亿元，较前一天上升超 3000 亿元。周二盘后，中国人民银行等 六部门联合印发《关于金融支持提振和扩大消费 ...

【导读】券商股盘中拉升，天风证券涨停 中国基金报记者 李智 一起来看下最新的市场情况及资讯。 6月27日早盘，A股三大指数走强，创业板指涨逾1% 。 截至发稿，沪指涨0.25%，深成指涨0.95%，创业板指涨 超 1.2%。 | 上证指数 | 深证成指 | 北证50 | | --- | --- | --- | | 3457.09 | 10441.74 | 1448.70 | | +8.64 +0.25% | +98.26 +0.95% | +24.14 +1.69% | | 科创50 | 创业板指 | 万得全A | | 996.25 | 2141.28 | 5306.78 | | +6.27 +0.63% | +26.86 +1.27% | +39.07 +0.74% | | | | | 创业板指(399006) | | | | --- | --- | --- | --- | --- | --- | | | | | 06-27 10:16:09 | | | | 2140.93 | | 昨收 | 2114.43 | 成交额 | 1876.99亿 | | 26.50 | 1.25% | 今开 | 2125.85 ...

文字早评 2025/06/27 星期五 宏观金融类 股指 前一交易日沪指-0.22%，创指-0.66%，科创 50-0.57%，北证 50-0.91%，上证 50-0.34%，沪深 300-0.35%， 中证 500-0.41%，中证 1000-0.45%，中证 2000-0.18%，万得微盘+0.15%。两市合计成交 15832 亿，较上 一日-196 亿。 宏观消息面： 1、国家发改委：第三批消费品以旧换新资金将于 7 月下达。 2、小米汽车：6 月 26 日晚 7 点，小米首款 SUV，小米 YU7 正式发布。 3、天风国际证券的证券交易牌照已升级为可提供虚拟资产交易服务。 4、特朗普称美国与伊朗将于下周对话，他表示以色列和伊朗之间的冲突可能很快再次爆发。 资金面：融资额+69.18 亿；隔夜 Shibor 利率-0.10bp 至 1.370%，流动性较为宽松；3 年期企业债 AA- 级别利率+1.01bp 至 2.8747%，十年期国债利率-0.18bp 至 1.6489%，信用利差+1.19bp 至 125bp；美国 10 年期利率+0.82bp 至 4.29%，中美利差+0.82bp 至-264. ...

智通财经6月27日电，大金融板块再度活跃，天风证券冲击涨停，此前弘业期货4连板，爱建集团3连 板，瑞达期货、华西证券、国海证券、太平洋等跟涨。消息面上，据智通财经记者获悉，天风证券子公 司天风国际证券的证券交易牌照已升级为可提供虚拟资产交易服务。 大金融板块再度活跃 天风证券冲击涨停 ...

Market Overview - On June 3, 2025, A-shares experienced a collective adjustment, with the Shanghai Composite Index closing at 3448.45 points, down 0.22%, and the Shenzhen Component Index at 10343.48 points, down 0.48% [1] - The Hong Kong stock market also saw declines, with the Hang Seng Index dropping 0.61% to 24325.4 points, ending a four-day rally [1] - In contrast, U.S. stock markets closed higher, with the Dow Jones up 404.41 points (0.94%) at 43386.84 points, and the Nasdaq rising 194.36 points (0.97%) to 20167.91 points [1] New Stock Offerings - Yitang Co., Ltd. is set to launch an IPO on the Sci-Tech Innovation Board with a price of 8.45 yuan per share and a price-to-earnings ratio of 51.55 times. The company specializes in integrated circuit manufacturing equipment, providing solutions for major global chip manufacturers [3] Financial Sector Developments - The National Financial Regulatory Administration and the People's Bank of China released a plan to establish a high-quality comprehensive inclusive financial system over the next five years, aimed at promoting common prosperity [4][5] - The plan emphasizes the optimization of inclusive financial services, enhancement of credit systems for small and micro enterprises, and support for rural financial services [5] Automotive Industry News - Xiaomi officially launched its first SUV model, the YU7, with prices starting at 253,500 yuan. The model is available in various colors and features [6] Virtual Asset Regulation - Tianfeng International Securities has upgraded its license to provide virtual asset trading services in Hong Kong, reflecting the growing interest in virtual assets under the regulatory framework established by the Hong Kong Securities and Futures Commission [6] Technology Product Launch - Xiaomi introduced the Xiaomi AI glasses, priced from 1,999 yuan, featuring a 12-megapixel camera and support for third-party app video calls and live streaming [7]

21世纪经济报道记者 易妍君 广州报道 大涨之后，券商板块迎来调整。 不过，在此之前，券商板块已连续上涨了3个交易日，投资者对该板块的关注度明显提升。 尤其是6月25日，在"国泰君安国际获批提供虚拟资产交易服务"这一消息的带动下，A股券商板块全线 走高，其中，天风证券、国盛金控涨停；东方财富、国泰海通分别涨逾10%、9%。整体上看，6月25 日，Wind券商指数上涨了5.52%。 拉长时间看，截至6月25日，Wind券商指数自本月初以来上涨了11.41%，在67个Wind中国行业指数中排 名第一。 "近期券商板块表现活跃，主要受到多重利好因素驱动。"排排网财富研究员隋东向21世纪经济报道记者 指出，第一，政策红利持续释放，以国泰君安国际获得虚拟资产交易牌照为代表，行业创新业务边界不 断拓展，显著提振市场对券商未来成长空间的预期。 6月26日，Wind券商指数收跌1.71%；该指数52只成分股中，仅国盛金控、天风证券、湘财股份、国海 证券等6只个股收涨，其余个股呈现不同程度的下跌。 不过，拉长时间看，券商板块的活跃度正在提升。截至6月25日，Wind券商指数自本月初以来上涨了 11.41%，在67个Wind中国 ...

6月26日港股市场，北水成交净买入52.86亿港元，其中港股通(沪)成交净买入32.41亿港元，港股通(深) 成交净买入20.45亿港元。 中芯国际(00981)获净买入8.96亿港元。消息面上，美拟收紧半导体技术豁免。东方证券指出，台积电、 三星电子和SK海力士等半导体制造商在中国大陆的工厂在其全球供应链中具有重要地位。这些工厂同 时具有中国大陆的市场、政策、资源和人才等成本优势，及母公司的技术和设备优势。若豁免权取消， 其相较本土晶圆厂竞争设备和技术优势将受削弱，利好本土晶圆厂。 | 港股通(沪)活跃成交股 | | --- | | 荣昌生物 | 6.88亿 | 5.75亿 | 12.64亿 | | --- | --- | --- | --- | | HK 09995 | | | +1.13 亿 | | 腾讯控股 | 2.91亿 | 8.62亿 | 11.54亿 | | HK 00700 | | | -5.71亿 | | 信达生物 | 8.95亿 | 2.20亿 | 11.15亿 | | HK 01801 | | | +6.75亿 | 港股通(深)活跃成交股 北水净买入最多的个股是中芯国际(00981)、信 ...

6 月 26 日早盘， A 股市场震荡调整，三大指数涨跌不一，截至发稿，沪指跌 0.11% ，深 成指涨 0.23% ，创业板指涨 0.33% 。 板块上来看，航天军工板块延续强势，固态电池、石油化工、多元金融等板块表现活跃；汽 车、生物科技、创新药等板块跌幅居前。 【导读】航天军工板块延续强势，多元金融概念股表现活跃 中国基金报记者 李智 一起来看下最新的市场情况及资讯。 消息面上， 9 月 3 日将举行阅兵，参阅的所有装备均为国产现役主战装备，在展示新一代传 统武器装备的基础上，还安排部分无人智能、水下作战、网电攻防、高超声速等新型作战力 量参阅。 长江证券研报指出，近年来世界军贸总体需求或将显著增加，中国军贸或将迎来高速增长 期，相应企业盈利能力及盈利质量或将迎来快速改善期。 国泰君安国际一度涨超 89% | | | Wind热门概念指数 | | | | Wind中国行业指数 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 锂电电解液 | 航母 | 电路板 | 中船系 | 航天军工 | 石油化工 | 精细化工 | 电脑硬件 | | 2.85 ...

Market Overview - On June 26, A-shares showed mixed performance with major indices fluctuating [1] - The trading volume in Shanghai and Shenzhen exceeded 500 billion yuan, an increase of over 60 billion yuan compared to the previous day [1] Sector Performance - The chemical and chemical engineering sector experienced a strong rally, with Youfu Co., Ltd. (002427) hitting the daily limit, and Suzhou Longjie (603332) rising over 5% [1] - Chip stocks also saw gains, with companies like Haoshanghao (001298) and Bocheng Co. (601133) achieving consecutive limit-ups [2] - The storage market is recovering rapidly, particularly for DDR4 memory, which has seen price increases amid production cuts from manufacturers [2] Individual Stock Highlights - Youfu Co., Ltd. (002427) is part of the chemical fiber industry, with a recent increase of 10.06% [2] - Haoshanghao (001298) is in the electronic components sector, showing a rise of 10.01% [3] - Cathay International (01788) in Hong Kong saw a significant price increase, initially rising nearly 90% before stabilizing at a 24% gain [4][5] Regulatory Developments - Cathay International received approval from the Hong Kong Securities and Futures Commission to upgrade its existing securities trading license to include virtual asset trading services [6] - This regulatory change allows investors to trade cryptocurrencies and stablecoins directly on the Cathay platform, enhancing the market's service ecosystem [6]