金十图示：2025年06月06日（周五）沪深港通南向资金流向 JIN10 港股通 (沪) @ JIN10.COM 金十数据 | 一个交易工具 JIN10.COM ...

证 券 研 究 报 告 5月欧洲股债流入明显，中国股债出现"跷跷板"效应 全球资产配置资金流向月报（2025年5月） 证券分析师：金倩婧 A0230513070004 冯晓宇 A0230521080005 林遵东 A0230524100005 王胜 A0230511060001 研究支持：涂锦文 A0230123070009 2025.06.06 5月欧股欧债流入明显，中国股债"跷跷板"再现 www.swsresearch.com 证券研究报告 2 ◼ 5月12日，中美瑞士日内瓦会谈取得阶段性成果。中美互相大幅降低"对等关税"，全球风险偏好显著提升，全球股指普遍上涨。5 月22日，20年期美债拍卖遇冷，拍卖的最终得标利率为5.047%，突破5%大关。得标利率较预发行利率5.035%高出约1.2个基点，创 下去年12月以来的最大尾部利差。拍卖的投标倍数为2.46，是自2月以来的最低水平。美债拍卖遇冷引发全球对美国财政压力的担忧， 叠加指数涨幅已经出现明显修复。全球股指进入震荡形态。总的来看，5月中美日欧股市都有上涨，其中港股和美股涨幅靠前，沪深 300涨幅靠后。 ◼ 全球资产价格表现上，5月全月来看，权益类资产 ...

智通财经6月6日电，智通财经星矿数据显示，今日早盘主力资金净流入有色金属、贵金属、电新行业等板块，净流出计算机、交运 设备、机械设备等板块，其中计算机板块净流出超32亿元。个股方面，百利电气涨停，主力资金净买入6.08亿元位居首位，兆易创 新、金龙羽、湖南发展获主力资金净流入居前；立讯精密遭净卖出超3亿元，雪人股份、大位科技、东方财富主力资金净流出额居 前。 主力资金监控：计算机板块净流出超32亿 | 排名 | 板块名称 | 主力资金净流入（亿元） | 主力资金净流入率(%) | | --- | --- | --- | --- | | 1 | 有色金属 | 7.95 | 2.72 | | 2 | 贵金属 | 5.12 | 9.75 | | 3 | 电新行业 | 4.19 | 0.81 | | ব | 工业会属 | 3.64 | 3.62 | | 5 | 建筑工程 | 3.13 | 2.45 | 星矿主力资金监控：早盘买入前十榜（截止时间： 10 时 50 分) | 排名 | 股票名称 | 主力资金净流入(亿元) | 主力资金净流入率(%) | | --- | --- | --- | --- | | 1 | 百 ...

市场洞察 - 重点报道 --- Market Insights - Marquee Market Insights | Markets | Equities 市场洞察 | 市场 | 股票 GS Flow of Funds: School's Out ⾼盛资⾦流向：学校放假了 盖尔·哈菲夫 Gail.Hafif@gs.com | 布莱恩·加勒特 Brian.Garrett@gs.com | 李·科珀史密斯 Lee.Coppersmith@gs.co Gail Hafif Gail.Hafif@gs.com | Brian Garrett Brian.Garrett@gs.com | Lee Coppersmith Lee.Coppersmith@gs.com m technicals/flows, not third grade "graduation." School's out and we are on the cusp of summer holiday... but first, we need to address "award season" ... awards for market 学校放假了 ...

Core Insights - The establishment of the EF account in Hainan Free Trade Port has significantly facilitated cross-border capital flow, with over 330 accounts opened and a transaction volume exceeding 120 billion RMB as of early May 2023 [4][5] - The EF account allows for more convenient and cost-effective foreign exchange operations for enterprises, saving approximately 300 RMB per $10,000 in transaction costs [3][4] - The QFLP and QDLP policies are enhancing cross-border investment opportunities, attracting foreign capital into Hainan and allowing domestic funds to invest abroad [5][6] Financial Innovations - The EF account serves as a "currency bridge" between Hainan and foreign markets, enabling seamless cross-border transactions [4] - As of May 2023, 19 countries and regions have opened EF accounts in Hainan, with funds flowing to and from 48 countries [2][5] - The total foreign exchange revenue and expenditure in Hainan is projected to reach $108.63 billion in 2024, marking a significant milestone for the region [2] Policy Developments - The Hainan Free Trade Port has implemented a series of financial policies aimed at enhancing cross-border capital flow, including the expansion of the cross-border trade and investment pilot program [8] - The establishment of a cross-border capital centralized operation center is expected to further streamline financial operations and enhance the region's attractiveness for foreign investment [8] - The financial policies in Hainan are designed to create a secure and efficient environment for both domestic and international businesses, promoting a robust financial ecosystem [5][8]

摩根大通策略师：欧洲央行进一步降息将支持资金从美国流向欧洲 金十数据6月5日讯，摩根大通私人银行的全球投资策略师法勒说，欧洲央行可能继续降息，欧洲资产预 计将从美国资产减持中受益。法勒说，摩根大通私人银行认为终端存款利率有可能下调至1.5%。她表 示："这支持了我们的信念，即欧洲可以为寻求从美国资产中分散投资的全球投资者提供一个有价值的 着陆点。"她补充称，欧洲实际收益率仍具有支撑作用，企业收益显示出未来的前景，而德国的财政方 案预示着未来的增长。 ...

通信行业资金流入榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 300308 | 中际旭创 | 5.73 | 6.14 | 66658.45 | | 002115 | 三维通信 | 10.01 | 27.26 | 49433.93 | | 603083 | 剑桥科技 | 9.99 | 18.23 | 38988.56 | | 002104 | 恒宝股份 | 10.00 | 50.02 | 32210.69 | | 600050 | 中国联通 | 0.75 | 0.74 | 18368.35 | | 300570 | 太辰光 | 5.84 | 17.28 | 14633.46 | | 300738 | 奥飞数据 | 5.20 | 8.08 | 14188.06 | | 002491 | 通鼎互联 | 10.06 | 7.93 | 13798.14 | | 002281 | 光迅科技 | 4.58 | 3.62 | 11517.86 | | 300548 | 博创科技 | 9.17 | 17.69 ...

| 环保 | 18.22 | -10.11 | 2.05 | -0.11 | -5.57 | | --- | --- | --- | --- | --- | --- | | 美容护 | 6.71 | -13.75 | 6.00 | -3.07 | -6.00 | | 理 | | | | | | | 轻工制 | 25.87 | 2.51 | 3.13 | -0.10 | -6.84 | | 造 | | | | | | | 国防军 | 23.52 | -7.39 | 2.18 | 0.33 | -8.05 | | 工 | | | | | | | 纺织服 饰 | 22.58 | 7.85 | 3.24 | -1.81 | -8.16 | | 商贸零 售 | 25.85 | -2.25 | 2.15 | -0.73 | -8.93 | | 交通运 | 30.17 | -16.61 | 0.72 | -0.35 | -10.29 | | 输 | | | | | | | 农林牧 | 19.09 | -0.89 | 2.04 | -1.79 | -11.04 | | 渔 | | | | | | | 有色金 | 33.34 ...

Core Viewpoint - The article emphasizes that the issue is not about saving money, but rather about the correct order of saving, which is crucial for achieving true financial security [2][4]. Group 1: Importance of Emergency Fund - Establishing an emergency fund is essential to ensure basic living expenses are covered during unexpected events such as job loss or illness. It is recommended to save at least 3-6 months' worth of living expenses [4]. - For example, if monthly expenses are 5,000 yuan, one should set aside between 15,000 to 30,000 yuan in a readily accessible savings account or money market fund [4]. Group 2: Financial Security and Insurance - True financial security comes from liquidity rather than investment returns. Having adequate insurance coverage for health and accidents is crucial to prevent sudden financial distress [5]. - It is advised to avoid high-interest debts, as they can negate the benefits of saving. Prioritizing the repayment of high-interest debts is essential before focusing on savings [5]. Group 3: Investment and Risk Management - Investment should not be viewed as the only way to achieve financial success; rather, it should be approached cautiously to avoid significant losses. Ensuring a financial safety net before investing is critical [6]. - The article highlights that having an emergency fund and no debt allows individuals to face financial challenges with confidence, emphasizing the importance of a solid financial foundation [6][9]. Group 4: Financial Planning and Distribution - Proper allocation of funds is key to reducing anxiety about financial stability. The article suggests that many individuals struggle not due to low income, but because they do not know how to manage their money effectively [6][7]. - The focus should be on organizing finances in a structured manner rather than relying on sudden wealth to change one's financial situation [7].

Group 1 - The core viewpoint of the article highlights that Sanbo Brain Science's stock closed at 44.79 yuan, down 1.10%, with a rolling PE ratio of 83.95 times and a total market value of 9.226 billion yuan [1] - In terms of industry comparison, the average PE ratio for the medical services sector is 40.82 times, with a median of 45.93 times, placing Sanbo Brain Science at the 38th position in the industry ranking [1] - On June 5, the net outflow of main funds for Sanbo Brain Science was 23.9984 million yuan, although there was an overall inflow of 7.3365 million yuan over the past five days [1] Group 2 - Sanbo Brain Science Hospital Management Group Co., Ltd. primarily engages in clinical medical services, with its main products including medical services, pharmaceuticals, supply chain, and other businesses [1] - The latest quarterly performance report for Q1 2025 shows that the company achieved an operating income of 393 million yuan, a year-on-year increase of 16.78%, and a net profit of 38.3136 million yuan, a year-on-year increase of 14.56%, with a sales gross margin of 26.44% [1]