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有色金属接棒 护送A股征伐4000点
Jing Ji Guan Cha Bao· 2025-10-09 10:55
"等了好几天终于能交易了,开门红了!"10月9日,一名老股民激动地表示。 10月9日,A股节后的首个交易日,三大指数集体高开高走,截至收盘,上证指数上涨1.32%,收于3933.97点,创下2015年8月以来近十年的高点。 同日,深证成指涨1.47%,收于13725.56点,创业板指涨0.73%,收于3261.82点。深证成指、创业板指也创下2022年2月以来的新高点。全市场3115只股上 涨。 有投资者直呼坚定不移地等待下一个新高点的到来;也有投资者感叹,自己的股票还在"未盈利"状态。 2025年至今,有色金属成了A股"最靓的仔",板块涨幅为77.56%,领先于硬件设备(涨幅59.07%)、半导体(涨幅58.74%)板块。10月9日,有色金属、 硬件设备和半导体的部分热门股票再度拉升。 有色金属概念"沸腾" 其中,发电设备板块,融发核电(002366.SZ)、东方电气(600835.SH)等涨停。科技股亦走强,电脑硬件概念涨幅为2.66%;半导体概念涨幅为 2.58%,其中,灿芯股份(688691.SH)涨停,芯原股份(688521.SH)等集体涨超10%。 有色金属板块集体爆发则更吸睛。10月9日,黄金、 ...
收评:A股节后开门红!沪指涨1.32%突破3900点 续创10年新高
Zheng Quan Shi Bao Wang· 2025-10-09 07:47
Core Viewpoint - The stock market experienced a strong rally on the first trading day after the holiday, with major indices reaching new highs, indicating a positive market sentiment driven by resource security, corporate overseas expansion, and technological competition [1] Market Performance - The Shanghai Composite Index rose by 1.32% to close at 3933.97 points, while the Shenzhen Component Index increased by 1.47% to 13725.56 points, and the ChiNext Index gained 0.73% to 3261.82 points [1] - The STAR 50 Index surged by 2.93%, with over 3100 stocks in the market showing gains [1] - Total trading volume across the Shanghai, Shenzhen, and North markets reached 26,723 billion yuan [1] Sector Analysis - Key sectors that saw significant gains included metals, coal, electricity, steel, semiconductors, and oil, while tourism and media sectors experienced declines [1] - The recent focus during the National Day and Mid-Autumn Festival holidays was on resource and AI sectors, with prices of precious metals, base metals, and energy metals rising [1] Strategic Insights - CITIC Securities highlighted that resource security, corporate overseas expansion, and technological competition remain crucial structural market themes, suggesting a framework for industry allocation focused on resources, overseas expansion, and new productivity [1] - The trend of AI expanding from enterprise-level to consumer-level is becoming more pronounced, indicating potential growth in hardware and application sectors [1] - Despite increasing trade disputes in October, it is anticipated that the overall US-China relationship will maintain a delicate balance, supporting the trend of corporate overseas expansion while downplaying external disturbances [1]
海澜之家启动赴港融资,都是小红书闹的?
Sou Hu Cai Jing· 2025-10-09 05:09
文:向善财经 素有"男人衣柜"之称的海澜之家,发布公告,启动了在港股上市的计划。 有意思的是,今年是海澜之家在A股上市的第11个年头,也是"二代目"周立宸接班的第五年,在本次公告之前,海澜之家从未有过太多要港股上市传闻。 客观来讲,海澜之家的净利润自周立宸上任之后,就再也没有回到过他上任前的水平。 而且,海澜之家的商业模式的想象力也略有不足,现在上市想要拿到高估值、高融资额并不容易。 所以,在这个时间节点上市就很值得玩味了,根据公告,赴港上市的核心目的是想要打开国际市场。 这两件事本质上,是买家自己对产品的需求与价格之间有了清晰的认知。 说白了,消费者目前的状态是:你讲你的故事,我反正不听,重要的是产品怎么样。 但本质上,是因为在国内市场,老的叙事方式触达不到年轻人,导致增量不足,现在需要新的市场来实现增长。 //"老登叙事"的背面,是不买账的年轻人 就像最近网上那个火热的名词"老登叙事",年轻人对老品牌已经没有任何"滤镜"可言。 比如小米那部伤透了外卖小哥心的"防水"手机,比如西贝被"预制菜"打的稀碎的高端健康滤镜。 以海澜之家、比音勒芬为代表的专攻男性服饰的企业也开始遭受类似的困局,尽管找了大量的年轻明星 ...
从走出去到走进去:中国企业出海,如何靠人才与ESG扎根全球?
Sou Hu Cai Jing· 2025-10-09 04:27
"我们的团队经常在企业出海前,就协助客户完成整体战略设计与组织架构布局",刘畅女士在论坛中强调,"先搭好架构,再开展经营,才能避免'边走边 踩坑'的被动局面。" 她提醒企业,出海不仅是商业行为,更是一次组织能力的全球化考验。财税合规、用工制度、文化适应、本地法规,这些看似"后台"的问题,恰恰决定了 企业能否在海外站稳脚跟。 在圆桌讨论中,一致认为: 2025年9月27日,汇聚了行业目光的GREENEXT Expo"问道可持续"主题展于上海展览中心圆满落幕。本届展会聚焦"可持续×创新×跨界×商业"四大维度, 吸引了逾5000名参会者,共同见证了企业绿色创新与责任实践的最新成果。 彦德国际首席执行官刘畅女士Joanna受邀出席活动,并于"出海领航"板块下的圆桌论坛《出海人才组织赋能》中,与多位专家展开深度交流,共同探讨中 国企业全球化进程中的人才战略、组织能力与ESG实践。 论坛中,嘉宾们将中企出海历程归纳为三个阶段: 成熟全球化阶段:核心议题转为品牌建设与文化塑造,员工归属感成为"走进去"的关键。 刘畅女士指出,许多企业在前两个阶段中,往往过于聚焦市场开拓,而忽略了组织架构、财税合规、人力资源等底层能力的系统搭 ...
陆家嘴财经早餐2025年10月9日星期四
Wind万得· 2025-10-08 22:40
4 、马斯克的人工智能初创公司 xAI ,正以一种与芯片采购直接 " 挂钩 " 的创新结构,推进一轮高达 200 亿美元的融资。 此次融资最引人注目的特点是, 英伟达将作为重要的股权投资方参与其中,出资额或达 20 亿美元,且整轮融资的结构都与 xAI 采购英伟达 GPU 的计划深度绑定。 英伟达首席执行官黄 仁勋确认,英伟达已投资 xAI 。黄仁勋表示,他本人在 OpenAI 与 AMD 的交易公开宣布前并不知情。他直言后悔未更早投资 OpenAI ,同时指出 OpenAI 的营收正呈指数级增长。 1 、据中国证券报, A 股市场于 10 月 9 日迎来四季度首个交易日。这个假期,全球金融市场并不平静:海外股市普遍小幅走强,为 A 股提供了积极的外 部环境; 与此同时,国际金价历史性突破 4000 美元 / 盎司关口,彰显出全球资金的避险需求。国内层面,刚刚过去的黄金周展现消费韧性,出行人次与 部分核心消费场景的亮眼数据,为经济基本面注入暖意。 在此背景下,私募人士普遍表示,海外市场走强与国内积极因素叠加,有望共同支撑 A 股后市 表现。 2 、 今日凌晨,美联储公布 9 月会议纪要显示,美联储官员在上个月 ...
节后A股机会几何?十大券商展望来了 | 每周研选
Shang Hai Zheng Quan Bao· 2025-10-08 14:47
A股即将迎来长假后的首个交易日。回顾假期期间,全球大类资产表现呈现出显著的"风险偏好回暖"与"再通胀交 易"特征。 华泰证券统计显示,长假期间(截至10月8日8:00)全球股市普涨。港股主要指数冲高回落,整体小幅收涨;美 股三大指数均小幅收涨;欧洲市场整体上行,其中德国DAX指数涨超2%;日经225指数涨近7%,领涨全球主要 市场,其中10月6日单日涨幅近5%。 | | 指数名称 | 9月30日 | 假期末 | 节假期间 | | --- | --- | --- | --- | --- | | | | 收盘价 | 收盘价 | 涨跌幅 | | 亚太 | 恒生指数 恒生科技指数 | 26855.56 6465.66 | 26957.77 6550.30 | 0.38% 1.31% | | 股市 | 恒生国企指数 | 9555.33 | 9573.38 | 0.19% | | | 日经225 | 44932.63 | 47950.88 | 6.72% | | | 韩国综合指数 | 3424.60 | 3549.21 | 3.64% | | 美股 | 纳斯达克指数 | 22660.01 | 22788.36 | 0.5 ...
中信证券:资源安全主线热度提升 AI从企业级向消费级扩散
智通财经网· 2025-10-08 09:04
Core Insights - Resource security, corporate globalization, and technological competition remain the most important structural market clues, corresponding to the industry allocation framework of resources, globalization, and new productivity [1][7] - The recent surge in prices of precious metals, base metals, and energy metals indicates an increasing focus on resource security, with significant price increases driven by supply shocks [2][7] - The expansion of AI from enterprise-level to consumer-level applications is expected to lead to a boom in edge hardware and applications, with major companies competing for user entry points [3][7] Resource Security and Metal Prices - Precious metals, base metals, and energy metals have seen comprehensive price increases, with tin and cobalt experiencing the most significant rises of 8.7% and 4.9% respectively during the week of October 3, driven by supply disruptions [2] - Cobalt prices have surged, with battery-grade cobalt reaching 343,000 yuan per ton, a 29% increase since September, and prices doubling since the beginning of the year [2] - The upward trend in precious metals is notable, with gold reaching new highs and silver approaching historical peaks, indicating a potential for further increases in the future [2] AI Expansion and Consumer Applications - Major AI companies, led by OpenAI, are increasingly targeting consumer applications, with products like Sora 2 and ChatGPT Pulse gaining significant traction [3] - The introduction of Apps SDK by OpenAI aims to capture operating system-level user entry points, highlighting the importance of hardware control for data collection and user engagement [3] - The competition in edge hardware is intensifying, with reports of collaborations between OpenAI and consumer electronics manufacturers, as well as advancements in AR technology by companies like Apple and Meta [3] Trade Relations and Corporate Globalization - The trend of Chinese companies going global is expected to continue, although it may face challenges due to the current state of US-China relations [4] - The upcoming APEC summit may yield partial agreements in areas with less divergence, such as aircraft procurement and rare earth supply stability, but comprehensive tariff negotiations may remain unresolved [4] Market Liquidity and Structural Characteristics - The current market liquidity is primarily driven by absolute return funds, with traditional long-only funds not showing significant net inflows [5][6] - Insurance companies reported a total premium income of 591.4 billion yuan in August, a year-on-year increase of 35.6%, indicating a strong inflow of funds into the market [6] - The issuance of public equity funds has improved marginally, but redemption rates remain high, indicating ongoing pressure on existing products [6] Investment Strategy and Focus Areas - The focus on resource security, corporate globalization, and technological competition suggests a need for strategic investment in sectors with real profit realization or strong industrial trends [7] - Key sectors to watch include resources, consumer electronics, innovative pharmaceuticals, and gaming, with specific ETFs recommended for exposure [7] - Attention should be given to industries with sustained pricing power from single supply countries, such as cobalt, rare earths, tungsten, and various chemical sectors [7]
中信证券:假期间的热点主要集中在资源和AI领域
Xin Lang Cai Jing· 2025-10-08 08:33
Group 1: Core Insights - Resource security, corporate globalization, and technological competition remain the most important structural market clues, corresponding to the industry allocation framework of resources + globalization + new productivity [1][6] - The recent surge in prices of precious metals, base metals, and energy metals indicates an increasing focus on resource security, with significant price increases observed in tin and cobalt due to supply shocks [2][6] - The expansion of AI from enterprise-level to consumer-level applications is expected to drive a boom in edge hardware and applications, with major companies like OpenAI leading the charge [3][6] Group 2: Market Trends - Precious metals have shown a clear upward trend, with gold and silver prices reaching historical highs, and the gold-silver ratio declining, indicating potential for further increases in silver prices [2][6] - The market is currently characterized by an influx of absolute return funds, with traditional long-only funds not showing significant net inflows, suggesting a gradual return to structural market characteristics [5][6] - The ongoing trade disputes, particularly between the US and China, are complex, but a delicate balance is likely to be maintained, impacting corporate globalization efforts [4][5] Group 3: Investment Recommendations - Focus on sectors with real profit realization or strong industrial trends, particularly in resources, consumer electronics, innovative pharmaceuticals, and gaming [6] - Suggested ETFs for investment include those focused on non-ferrous metals, VR technology, innovative pharmaceuticals, and gaming, while also considering sectors with sustained pricing power like cobalt, rare earths, and phosphorous chemicals [6]
中信证券:近期增量流动性依旧以绝对收益资金为主,预计市场仍将逐步回归结构性特征
Xin Lang Cai Jing· 2025-10-08 08:29
中信证券研报指出,资源安全、企业出海和科技竞争依然是最重要的结构性行情线索,对应的是资源 +出海+新质生产力的行业配置框架。国庆和中秋长假期间的热点主要集中在资源和AI领域:贵金属、 基本金属和能源金属价格全面上涨,资源安全主线的热度在提升;AI从企业级向消费级扩散的趋势越 发明显,用户入口抢夺或带来端侧硬件和应用大爆发。不过,也需要注意10月贸易领域争端开始更加频 繁,需坚定企业出海的大趋势,淡化外部扰动因素。从市场层面来看,近期增量流动性依旧以绝对收益 资金为主,预计市场仍将逐步回归结构性特征。 ...
2025年境外中资企业商(协)会最佳实践报告
Sou Hu Cai Jing· 2025-10-04 05:03
今天分享的是:2025年境外中资企业商(协)会最佳实践报告 报告共计:43页 2025境外中资商会实践报告:架起国际合作桥,书写出海新答卷 在全球化浪潮与复杂地缘格局交织的当下,境外中资企业商(协)会正突破传统职能边界,成为推动中外合作、赋能企业出海的关键力量。近日发布的 《2025年境外中资企业商(协)会最佳实践报告》,通过36项典型案例,全景展现了这些商会在密切双边关系、深化经贸合作、树立中国形象等领域的创新 实践,为中国企业"走出去"提供了可借鉴的经验范式。 搭建对话平台,夯实双边合作根基 在密切中外关系方面,各商会以高规格活动为纽带,推动政商学界深度互动,为双边合作注入持久活力。欧盟中国商会抓住中欧建交50周年契机,在比利时 布鲁塞尔举办第三轮"中欧商业领袖圆桌对话",汇聚11国近百名金融、科技、能源等领域代表,聚焦绿色转型与数字化发展,联合奥地利、希腊等多国商协 会构建产业链合作网络,为稳定中欧经贸环境提供保障。德国中国商会则以年度论坛为载体,邀请200余位中德政商及媒体代表,围绕"可持续发展与合 作"主题,分享能源、环保技术领域经验,在国际局势不明朗的背景下,为企业破除偏见、坦诚对话搭建了重要平台 ...