中证1000股指 期货(IM)主力合约突破8300点，日内涨1.83%。 ...

每经AI快讯，1月14日，股指期货早盘开盘，中证1000指数期货连续涨0.48%，沪深300指数期货连续涨 0.49%，中证500指数期货连续涨0.58%，上证50指数期货连续涨0.36%。 ...

时间周期说明：短期为一周以内、中期为两周至一月 | 品种 | 短期 | 中期 | 日内 | 观点参考 | 核心逻辑概要 | | --- | --- | --- | --- | --- | --- | | IH2603 | 震荡 | 震荡 | 偏强 | 震荡偏强 | 政策利好预期与资金净流入趋势 不变 | 备注： 1.有夜盘的品种以夜盘收盘价为起始价格，无夜盘的品种以昨日收盘价为起始价格，当日日盘收盘 价为终点价格，计算涨跌幅度。 投资咨询业务资格：证监许可【2011】1778 号 期货研究报告 宝城期货股指期货早报（2026 年 1 月 14 日） ◼ 品种观点参考—金融期货股指板块 2.跌幅大于 1%为弱势，跌幅 0~1%为偏弱，涨幅 0~1%为偏强，涨幅大于 1%为强势。 3.偏强/偏弱只针对日内观点，短期和中期不做区分。 ◼ 主要品种价格行情驱动逻辑—金融期货股指板块 品种：IF、IH、IC、IM 日内观点：偏强 中期观点：震荡 参考观点：震荡偏强 核心逻辑：昨日各股指均震荡回调，其中 IM 与 IC 跌幅居前。股市全市场成交金额为 36987 亿元， 较上日成交额放量 541 亿元。今日股市回调主要是 ...

每经AI快讯，周二（1月13日）纽约尾盘，标普500股指期货最终跌0.25%，道指期货跌0.85%，纳斯达 克100股指期货跌0.22%。罗素2000股指期货跌0.08%。 （文章来源：每日经济新闻） ...

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints - The report presents the daily data tracking of stock index futures on January 12, 2026, including the index trends of major stock - market indices, the impact of sector fluctuations on these indices, and the basis and basis - converted annualized opening costs of stock index futures [1] 3. Summary by Directory Index Trends - On January 12, the Shanghai Composite Index rose 1.09% to close at 4165.29 points with a trading volume of 1.44623 trillion yuan; the Shenzhen Component Index rose 1.75% to close at 14366.91 points with a trading volume of 2.155146 trillion yuan [1] - The CSI 1000 Index rose 2.8% with a trading volume of 827.565 billion yuan, opening at 8196.08, closing at 8357.01, with a daily high of 8371.75 and a low of 8171.11 [1] - The CSI 500 Index rose 2.39% with a trading volume of 685.824 billion yuan, opening at 8141.63, closing at 8249.13, with a daily high of 8261.35 and a low of 8103.24 [1] - The SSE 50 Index rose 0.3% with a trading volume of 189.802 billion yuan, opening at 3146.51, closing at 3143.74, with a daily high of 3148.11 and a low of 3125.17 [1] - The SSE 300 Index rose 0.65% with a trading volume of 799.954 billion yuan, opening at 4769.65, closing at 4789.92, with a daily high of 4795.93 and a low of 4737.57 [1] Impact of Sector Fluctuations on Indices - The CSI 1000 rose 227.83 points compared to the previous closing price, and sectors such as computer, media, and national defense and military industry significantly boosted the index [3] - The CSI 500 rose 192.44 points compared to the previous closing price, and sectors such as national defense and military industry, computer, and electronics significantly boosted the index [3] - The SSE 300 rose 31.0 points compared to the previous closing price. Sectors such as computer, electronics, and machinery significantly boosted the index, while the power equipment sector pulled the index down [3] - The SSE 50 rose 9.42 points compared to the previous closing price. Sectors such as computer, electronics, and non - ferrous metals significantly boosted the index, while sectors such as petroleum and petrochemicals and non - bank finance pulled the index down [3] Stock Index Futures Basis and Basis - Converted Annualized Opening Costs - For IM contracts, IM00 had an average daily basis of 20.17, IM01 had - 34.47, IM02 had - 80.61, and IM03 had - 292.94 [13] - For IC contracts, IC00 had an average daily basis of 17.1, IC01 had - 14.07, IC02 had - 38.09, and IC03 had - 191.13 [13] - For IF contracts, IF00 had an average daily basis of 3.06, IF01 had - 5.66, IF02 had - 13.04, and IF03 had - 54.94 [13] - For IH contracts, IH00 had an average daily basis of - 0.64, IH01 had - 1.76, IH02 had - 1.22, and IH03 had - 9.28 [13]

投资咨询业务资格：证监许可【2011】1778 号 期货研究报告 宝城期货股指期货早报（2026 年 1 月 13 日） ◼ 品种观点参考—金融期货股指板块 时间周期说明：短期为一周以内、中期为两周至一月 | 品种 | 短期 | 中期 | 日内 | 观点参考 | 核心逻辑概要 | | --- | --- | --- | --- | --- | --- | | IH2603 | 震荡 | 震荡 | 偏强 | 震荡偏强 | 政策利好预期与资金净流入趋势 不变 | 备注： 3.偏强/偏弱只针对日内观点，短期和中期不做区分。 ◼ 主要品种价格行情驱动逻辑—金融期货股指板块 品种：IF、IH、IC、IM 日内观点：偏强 中期观点：震荡 参考观点：震荡偏强 核心逻辑：昨日各股指均震荡上涨，其中 IM 与 IC 涨幅较大。沪深京三市成交额 36445 亿元，较上 日成交额放量 4922 亿元。由于股指已经突破前期的震荡区间上沿，后续股指大概率保持相对强势。 目前股市成交金额大幅放量，融资买入金额保持高位，说明投资者风险偏好较为乐观。不过目前股市 反弹主要来自于估值端的提升，特别是受益于扶持科技创新政策利好以及杠杆资金偏好的 ...

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints No explicit core viewpoints are presented in the given content. It mainly offers data on global asset market performance, stock index futures trading, and bond futures trading. 3. Directory - Based Summaries Global Asset Market Performance - **10 - Year Treasury Bonds**: Yields of 10 - year treasury bonds in major economies are as follows: US 4.177, UK 4.372, France 3.505, Germany 2.840, etc. [2] - **2 - Year Treasury Bonds**: Yields of 2 - year treasury bonds in major economies are as follows: US 3.535, UK 3.650, Germany 2.093, etc. [2] - **Exchange Rates**: Dollar exchange rates against major emerging - economy currencies are provided, such as 5.375 against the Brazilian currency, 16.390 against the South African rand, etc. [2] - **Stock Indices**: Latest values of major economy stock indices are given, including S&P 500 at 6977.270, Dow Jones Industrial Index at 49590.200, etc. [2] - **Credit Bond Indices**: Values of credit bond indices in different regions are presented, like US investment - grade credit bond index at 3546.240, Euro - zone investment - grade credit bond index at 266.750, etc. [2] Stock Index Futures Trading Data - **Index Performance**: A - share closed at 4165.29 with a 1.09% increase,沪深300 at 4789.92 with a 0.65% increase, etc. [3] - **Valuation**: PE (TTM) values are reported, such as 14.48 for 沪深300, 12.04 for 上证50, etc., along with their环比变化. [3] - **Risk Premium**: Risk premium data and their环比变化 are provided for some indices, e.g., - 0.59 for S&P 500 with a - 0.02环比变化. [3] - **Fund Flows**: Latest values and 5 - day average values of fund flows for different sectors are given, like 285.89 for A - shares, - 117.28 for the main board, etc. [3] Bond Futures Trading Data - **Stock Index Futures**:成交金额 and环比变化 are reported for 沪深两市, 沪深300, etc.主力升贴水 data for IF, IH, IC are also provided. [4] - **Treasury Bond Futures**: Closing prices and percentage changes for T2303, TF2303, etc. are presented. [4] - **Funding Rates**: R001 is at 1.3895% with a - 13.00 BP日度变化, R007 at 1.5249% with no change, etc. [4]

Report Overview - Report Title: Stock Index Futures Data Daily Report [1] - Report Date: January 12, 2026 [2] 1. IM Futures 1.1 Daily Quotes - The closing price of CSI 1000 was 8357.01, up 2.80%. The total trading volume of the four IM contracts was 298,563 lots, an increase of 50,774 lots from the previous day, and the total open interest was 403,037 lots, an increase of 9,639 lots [3][4]. - The main contract of IM rose 3.53% to close at 8311.4 points. The main contract was at a discount of 45.61 points, up 35.17 points from the previous day, and the annualized basis rate was -2.95% [3][4]. 1.2 Main Seats - In IM2601, the top five seats in terms of trading volume were CITIC Futures (on behalf of clients) with 59,598 lots, an increase of 8,029 lots; Guotai Junan (on behalf of clients) with 50,494 lots, an increase of 6,180 lots; etc. [13]. - Similar data were provided for IM2602, IM2603, and IM2606 main seats [15][17]. 2. IF Futures 2.1 Daily Quotes - The closing price of CSI 300 was 4789.92, up 0.65%. The total trading volume of the four IF contracts was 156,092 lots, an increase of 7,750 lots from the previous day, and the total open interest was 301,970 lots, an increase of 2,755 lots [18][19]. - The main contract of IF rose 0.72% to close at 4774 points. The main contract was at a discount of 15.92 points, down 0.8 points from the previous day, and the annualized basis rate was -1.79% [18][19]. 2.2 Main Seats - In IF2601, the top five seats in terms of trading volume were CITIC Futures (on behalf of clients) with 30,321 lots, an increase of 1,803 lots; Guotai Junan (on behalf of clients) with 25,305 lots, an increase of 1,116 lots; etc. [31]. - Similar data were provided for IF2602, IF2603, and IF2606 main seats [33][34]. 3. IC Futures 3.1 Daily Quotes - The closing price of CSI 500 was 8249.13, up 2.39%. The total trading volume of the four IC contracts was 203,354 lots, an increase of 14,458 lots from the previous day, and the total open interest was 310,950 lots, a decrease of 7,660 lots [36][37]. - The main contract of IC rose 2.79% to close at 8236.6 points. The main contract was at a discount of 12.53 points, up 6.36 points from the previous day, and the annualized basis rate was -0.82% [36][37]. 3.2 Main Seats - In IC2601, the top five seats in terms of trading volume were CITIC Futures (on behalf of clients) with 43,947 lots, an increase of 978 lots; Guotai Junan (on behalf of clients) with 36,151 lots, an increase of 4,183 lots; etc. [50]. - Similar data were provided for IC2602, IC2603, and IC2606 main seats [52][54]. 4. IH Futures 4.1 Daily Quotes - The closing price of SSE 50 was 3143.74, up 0.30%. The total trading volume of the four IH contracts was 54,045 lots, an increase of 340 lots from the previous day, and the total open interest was 91,722 lots, a decrease of 1,098 lots [57]. - The main contract of IH rose 0.3% to close at 3140.2 points. The main contract was at a discount of 3.54 points, down 4.02 points from the previous day, and the annualized basis rate was -0.6% [57][58]. 4.2 Main Seats - In IH2601, the top five seats in terms of trading volume were CITIC Futures (on behalf of clients) with 12,915 lots, an increase of 1,569 lots; Guotai Junan (on behalf of clients) with 9,691 lots, an increase of 234 lots; etc. [70]. - Similar data were provided for IH2602, IH2603, and IH2606 main seats [72][74].

（文章来源：每日经济新闻） 每经AI快讯，1月12日，中证500股指期货(IC)主力合约日内涨超3%，现报8248.4点。 ...

投资咨询业务资格：证监许可【2011】1778 号 期货研究报告 宝城期货股指期货早报（2026 年 1 月 12 日） 3.偏强/偏弱只针对日内观点，短期和中期不做区分。 ◼ 主要品种价格行情驱动逻辑—金融期货股指板块 品种：IF、IH、IC、IM 日内观点：偏强 中期观点：震荡 参考观点：震荡偏强 核心逻辑：上周五各股指均震荡上涨，其中 IM 与 IC 涨幅较大。沪深京三市成交额 31523 亿元，较 上日放量 3261 亿元。股市成交金额大幅放量，融资买入金额保持高位，说明目前投资者风险偏好较 为积极乐观。由于股指已经突破前期的震荡区间上沿，后续股指大概率保持相对强势。政策面利好预 期以及资金净流入股市趋势共同构成股指上行的主要逻辑。2026 年政策面逐渐进入落实落细政策利 好的阶段，政策利好预期持续发酵；自 12 月中旬以来，融资资金持续净流入股市，融资余额持续上 升，杠杆资金的持续入市提振了市场情绪，考虑到存量到期存单的资产再配置需求，后续或将带动更 多资金配置权益资产。总的来说，预计短期内股指震荡偏强运行。 ◼ 品种观点参考—金融期货股指板块 时间周期说明：短期为一周以内、中期为两周至一月 | 品 ...