以下文章来源于申万宏源证券上海分公司 ，作者李金玲 申万宏源证券上海分公司 . 申万宏源证券上海分公司官微，能为您提供账户开立、软件下载、研究所及投顾资讯等综合服务，为您 的财富保驾护航。 数据速看： 2. 融资融券数据： 当前市场融资融券余额为18384.93亿元，较上期上升0.94%，其中融资 余额18265.53亿元，融券余额119.40亿元。本期两融日均交易额为1185.69亿元，较上期上 升9.77%，其中融资日均净买入1180.65亿元，较两周前上升9.79%，融券日均净卖出5.04 亿元，较上期上升5.54%。近两周融资净买入前三的行业分别为计算机、银行和非银金融； 融券净卖出前三的行业分别为非银金融、银行和石油石化。 3. 涨跌情况： 近两周全市场上涨家数高于下跌家数，近两周涨幅前三的行业为通信、计算机 和电子，跌幅前三的行业为美容护理、石油石化和医药生物。 4. 强弱分析： 近两周全部A股强弱分析得分为5.97，沪深300强弱分析得分5.83，创业板强 弱分析得分6.28，科创板强弱分析得分6.40，处于中性区间。 测量结果：健康 诊断说明： 本周上证综指向上突破3月高点，但当下行情距牛市启 ...

Summary of Key Points Core Viewpoint - The financing balance of the Sci-Tech Innovation Board (STAR Market) has increased, indicating a growing interest in investments within this sector, with a total balance of 158.34 billion yuan as of July 1, reflecting a continuous increase over the past seven trading days [1]. Financing Balance - As of July 1, the total financing balance on the STAR Market reached 157.77 billion yuan, an increase of 6.26 million yuan from the previous trading day [1]. - The stock with the highest financing balance is SMIC, with a latest balance of 7.12 billion yuan, followed by Cambrian and Haiguang Information with balances of 4.50 billion yuan and 3.65 billion yuan respectively [1]. - A total of 315 stocks saw an increase in financing balance, while 269 stocks experienced a decrease [1]. - Notable increases in financing balance were observed in Xiangyu Medical (66.24%), Botao Bio (43.29%), and Nanmo Bio (31.08%) [1]. Securities Lending Balance - The total securities lending balance on the STAR Market reached 5.65 billion yuan, with an increase of 8.89 million yuan from the previous trading day [1]. - SMIC also leads in securities lending balance with 20 million yuan, followed by Haiguang Information and Chipone Technology, both at 16 million yuan [2]. - A total of 137 stocks saw an increase in securities lending balance, while 133 stocks experienced a decrease [2]. - Significant increases in securities lending balance were noted for Diao Micro (59.14%), Huahai Qingke (56.71%), and China Shipbuilding Gas (53.60%) [2].

Market Overview - As of June 30, the total ETF margin balance in the two markets reached 98.383 billion, an increase of 0.72 billion from the previous trading day [1] - The financing balance was 92.84 billion, up by 0.475 billion, while the securities lending balance was 5.543 billion, increasing by 0.246 billion [1] - In the Shanghai market, the ETF margin balance was 65.172 billion, rising by 0.706 billion, with a financing balance of 60.416 billion (up by 0.501 billion) and a securities lending balance of 4.756 billion (up by 0.205 billion) [1] - In the Shenzhen market, the ETF margin balance was 33.211 billion, increasing by 0.0139 billion, with a financing balance of 32.424 billion (down by 0.026225 billion) and a securities lending balance of 0.786 billion (up by 0.040128 billion) [1] ETF Margin Balances - The top three ETFs by margin balance as of June 30 were: 1. Huaan Yifu Gold ETF (7.707 billion) 2. E Fund Gold ETF (6.72 billion) 3. Huaxia Hang Seng (QDII-ETF) (4.675 billion) [2] ETF Financing Buy Amounts - The top three ETFs by financing buy amounts on June 30 were: 1. Hai Futong Zhong Zheng Short Bond ETF (1.623 billion) 2. GF Zhong Zheng Hong Kong Innovative Medicine (QDII-ETF) (0.759 billion) 3. E Fund Zhong Zheng Hong Kong Securities Investment Theme ETF (0.744 billion) [4] ETF Financing Net Buy Amounts - The top three ETFs by financing net buy amounts on June 30 were: 1. Hai Futong Zhong Zheng Short Bond ETF (0.266 billion) 2. Huaxia Nasdaq 100 (QDII-ETF) (0.116 billion) 3. Guotai Zhong Zheng All Index Securities Company ETF (0.11 billion) [5] ETF Securities Lending Sell Amounts - The top three ETFs by securities lending sell amounts on June 30 were: 1. Southern Zhong Zheng 500 ETF (0.105 billion) 2. Southern Zhong Zheng 1000 ETF (0.0797202 billion) 3. Huaxia Zhong Zheng 1000 ETF (0.0219594 billion) [6]

Core Viewpoint - The financing and securities lending activities on the Beijing Stock Exchange (BSE) have shown a continuous increase, with the total financing balance reaching 58.14 billion yuan as of June 30, 2025, marking a significant upward trend over the past six trading days [1] Financing and Securities Lending Overview - On June 30, 2025, the financing amount was 929.60 million yuan, while the latest financing balance was 58.13 billion yuan, and the securities lending balance was 67.95 million yuan [1] - The total financing and securities lending balance increased by 39.64 million yuan compared to the previous trading day, with the financing balance rising by 39.88 million yuan and the securities lending balance decreasing by 0.24 million yuan [1] Recent Trading Data - The financing and securities lending balance on June 27, 2025, was 577.44 billion yuan, showing an increase of 0.75 million yuan from the previous day [1] - On June 26, 2025, the balance was 576.69 billion yuan, reflecting a significant increase of 180.91 million yuan [1] - The data indicates fluctuations in the financing and securities lending balances over the past several trading days, with notable increases and decreases observed [1]

Core Insights - The total margin trading balance on the STAR Market reached 157.705 billion yuan as of June 30, 2025, marking an increase of 0.534 billion yuan from the previous trading day [1] Group 1: Margin Trading Overview - The financing balance amounted to 157.149 billion yuan, increasing by 0.513 billion yuan compared to the previous trading day [1] - The securities lending balance was 0.056 billion yuan, which is an increase of 21.736 million yuan from the previous trading day [1] - The margin trading balance has increased for six consecutive trading days [1] Group 2: Daily Margin Trading Data - On June 27, 2025, the total margin trading balance was 157.170 billion yuan, with a daily increase of 0.084 billion yuan [1] - On June 26, 2025, the total margin trading balance was 157.086 billion yuan, reflecting a daily increase of 1.256 billion yuan [1] - The margin trading balance on June 25, 2025, was 155.830 billion yuan, with an increase of 0.360 billion yuan from the previous day [1]

近期北交所融资融券交易概况 证券时报·数据宝统计，6月27日北交所融资买入额为10.12亿元，最新融资余额为57.73亿元，融券卖出 量为1.97万股，融券余额为92.37万元，融资融券余额为57.74亿元。 6月27日北交所融资融券交易总量 | 融资买入额（万 | 融资余额（万 | 融券卖出量（万 | 融券余量（万 | 融券余额（万 | 融资融券余额 | | --- | --- | --- | --- | --- | --- | | 元） | 元） | 股） | 股） | 元） | （万元） | | 101174.44 | 577349.69 | 1.97 | 4.70 | 92.37 | 577442.06 | 与上一交易日相比，北交所融资融券余额增加751.82万元。连续5个交易日增加。其中，融资余额较上 一交易日增加733.08万元；融券余额较上一交易日增加18.75万元。（数据宝） | 日期 | 融资融券余额 | 较上一交易日增减 | 融资余额 | 融资余额较上一交易日 | 融券余额 | | --- | --- | --- | --- | --- | --- | | | （万元） | （万元） | ...

Market Overview - As of June 27, the total ETF margin balance in the two markets was 97.663 billion yuan, a decrease of 2.123 billion yuan from the previous trading day [1] - The financing balance was 92.365 billion yuan, down by 2.165 billion yuan, while the margin short balance increased by 41.477 million yuan to 5.297 billion yuan [1] - In the Shanghai market, the ETF margin balance was 64.466 billion yuan, a decrease of 1.725 billion yuan, with a financing balance of 59.915 billion yuan, down by 1.757 billion yuan [1] - In the Shenzhen market, the ETF margin balance was 33.197 billion yuan, a decrease of 398 million yuan, with a financing balance of 32.451 billion yuan, down by 408 million yuan [1] ETF Margin Balance - The top three ETFs by margin balance on June 27 were: - Huaan Yifu Gold ETF (7.739 billion yuan) - E Fund Gold ETF (6.724 billion yuan) - Huaxia Hang Seng (QDII-ETF) (4.660 billion yuan) [2] - The top ten ETFs by margin balance include: - Huatai-PB CSI 300 ETF (4.572 billion yuan) - Huaxia Shanghai Stock Exchange Science and Technology Innovation Board 50 ETF (3.941 billion yuan) - Bosera Gold ETF (3.639 billion yuan) [2] ETF Financing Buy Amount - The top three ETFs by financing buy amount on June 27 were: - E Fund CSI Hong Kong Securities Investment Theme ETF (1.865 billion yuan) - Haifutong CSI Short Bond ETF (915 million yuan) - Huaxia Hang Seng Technology (QDII-ETF) (716 million yuan) [3] - The top ten ETFs by financing buy amount include: - Bosera CSI Convertible Bonds and Exchangeable Bonds ETF (637 million yuan) - Invesco Great Wall Nasdaq Technology Market Cap Weighted (QDII-ETF) (630 million yuan) [4] ETF Financing Net Buy Amount - The top three ETFs by financing net buy amount on June 27 were: - Huabao CSI Bank ETF (225 million yuan) - Invesco Great Wall Nasdaq Technology Market Cap Weighted (QDII-ETF) (120 million yuan) - Huatai-PB CSI Dividend Low Volatility ETF (55.285 million yuan) [5] - The top ten ETFs by financing net buy amount include: - Huatai Shanghai Stock Exchange Dividend ETF (30.902 million yuan) - Bosera CSI Convertible Bonds and Exchangeable Bonds ETF (25.398 million yuan) [6] ETF Margin Short Sell Amount - The top three ETFs by margin short sell amount on June 27 were: - Southern CSI 500 ETF (23.4326 million yuan) - Huatai-PB CSI 300 ETF (17.5248 million yuan) - Southern CSI 1000 ETF (14.1265 million yuan) [7] - The top ten ETFs by margin short sell amount include: - Tianhong CSI All-Index Securities Company ETF (7.224 million yuan) - Bosera CSI Convertible Bonds and Exchangeable Bonds ETF (7.1404 million yuan) [8]

山东信通电子股份有限公司 首次公开发行股票并在主板上市之 上市公告书提示性公告 保荐人（主承销商）：招商证券股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 经深圳证券交易所审核同意，山东信通电子股份有限公司（以下简称"山东 信通"、"发行人"或"公司"）发行的人民币普通股股票将于2025年7月1日在深圳 证券交易所主板上市，上市公告书全文和首次公开发行股票的招股说明书全文披 露于巨潮资讯网（www.cninfo.com.cn）、证券时报网（www.stcn.com）、中证网 （www.cs.com.cn）、中国证券网（www.cnstock.com）、证券日报网（www.zqrb.cn）， 供投资者查阅。 所属网页二维码：巨潮资讯网 一、上市概况 二、风险提示 本公司提醒投资者应充分了解股票市场风险及本公司披露的风险因素，在 新股上市初期应当充分了解风险，审慎决策、理性投资。具体而言，上市初期 的风险包括但不限于以下几种： 1 （一）股票简称：信通电子 （二）股票代码：001388 （三）首次公开发行后总股本：156,000,000股 （四）首次 ...

今年来市场风格呈现出明显的大小盘分化，随着市场情绪的修复和市场活跃度的提升，大盘股表现相对较弱，而小盘股则受益于风险偏好提升、 流动性充沛等，表现尤为突出，量化策略的超额收益显著累积。 私募排排网数据显示，截至2025年5月底，有业绩显示的574只量化指增产品，近1年超额收益均值高达24.48%，其中正超额产品539只，正超额 占比高达93.91%。分三级策略来看，47只其他指增产品表现较为领先，近1年超额均值高达34.74%。（可参考： 最新量化多头超额榜揭晓！今 通、量创投资等领衔！进化论、龙旗、幻方等上榜！ ） 本文首发于公众号"私募排排网"。 （点击↑↑ 上图查看详情 ） 半鞅私募基金 ： 今年指数增强产品整体超额收益表现尤为突出，表观上来看，这得益于市场成交活跃度高、股票间的分化程度增加，这种市场 环境为量化管理人提供了丰富的交易机会，从而更容易获取超额收益。 从深层原因来看，则是在 固收类资产收益整体下行的背景下，权益市场因其相对较高的潜在回报和一定的"托底"效应，吸引了更多投资者的目 光，新增资金持续流入。 与此同时，特朗普上任后带来的市场不确定性增加，进一步激发了市场的波动性和交易活跃度。 最 ...

证券时报·数据宝统计，6月26日北交所融资买入额为12.12亿元，最新融资余额为57.66亿元，融券余额 为73.63万元，融资融券余额为57.67亿元。 6月26日北交所融资融券交易总量 | 融资买入额（万 | 融资余额（万 | 融券卖出量（万 | 融券余量（万 | 融券余额（万 | 融资融券余额 | | --- | --- | --- | --- | --- | --- | | 元） | 元） | 股） | 股） | 元） | （万元） | | 121190.11 | 576616.61 | 0.32 | 4.44 | 73.63 | 576690.24 | 与上一交易日相比，北交所融资融券余额增加1.81亿元。连续4个交易日增加。其中，融资余额较上一 交易日增加1.81亿元；融券余额较上一交易日减少20.85万元。（数据宝） 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） 近期北交所融资融券交易概况 | 日期 | 融资融券余额 | 较上一交易日增减 | 融资余额 | 融资余额较上一交易日 | 融券余额 | | --- | --- | --- | --- | --- ...