2月27日，昨日高开低走的港股三大指数高开反弹，恒指涨0.25%，国指涨0.04%，恒生科技指数涨 0.15%。大型科技股涨跌不一，生物医药股集体上涨，创新药概念方向领衔，汽车股、钢铁股、黄金股 多数上涨。连续调整的港股科技股今日早盘有所反弹，商汤-W涨超4%，腾讯控股涨近1.5%，中芯国 际、阿里巴巴-W等主要科技股悉数上涨。港股通互联网ETF基金（520910）现小幅微涨。截至2月26 日，港股通互联网ETF基金（520910）规模达6.64亿元，港股通互联网ETF基金（520910）近5个交易日 获资金净流入，累计"吸金"达3250万元。 公开资料显示，港股通互联网ETF基金（520910）跟踪中证港股通互联网指数，精准覆盖电商平台、内 容生态、社交媒体及软件服务等核心互联网领域，AI应用占比较高，与AI驱动互联网商业模式升级的 产业深化路径相契合，成分股中涵盖有望在后续AI加速渗透中持续受益的阿里巴巴、腾讯控股、美 团、快手等港股互联网龙头。 针对此轮港股回调，市场人士分析指出，背后主要推手是一种被称为"HALO交易"的配置策略——随着 人工智能技术加速迭代，市场正从过去追逐"可扩张的轻资产叙事"转向 ...

Core Viewpoint - The rapid advancement of AI tools, such as "Seedance 2.0," has raised significant concerns among users regarding privacy, data security, and the potential for misinformation, leading to a desire for safer usage of these technologies [1][2][3]. Group 1: User Concerns - A survey indicated that 58.13% of respondents worry about AI generating false information or "AI hallucinations" that mislead users [2]. - 52.52% of respondents expressed concerns about potential violations of personal rights, such as portrait and copyright infringements [2]. - 44.39% of users fear that AI-generated content could be used for scams, threatening financial security [2]. Group 2: Data Privacy Issues - Many users feel they lack control over how their personal data is collected and used by AI systems, with 57.70% concerned about AI conversations being used for targeted user profiling [6]. - Users reported instances of AI accessing personal information without clear consent, leading to discomfort and distrust [5][6]. - The prevalence of "take-it-or-leave-it" user agreements on platforms has left users feeling powerless regarding their privacy rights [4]. Group 3: Misinformation and Reliability - Users have encountered misleading information from AI, with 16.91% having personally fallen for AI-generated content that turned out to be false [7]. - AI's tendency to provide biased responses based on user input can reinforce existing misconceptions, as noted by users who experienced this firsthand [8]. - The need for AI to acknowledge its limitations and avoid fabricating information was highlighted as a critical improvement area [11]. Group 4: Commercialization and Advertising - A significant 84.18% of respondents reported encountering AI recommending products or services, raising concerns about the objectivity of AI responses [9]. - Users expressed skepticism about the motivations behind AI recommendations, suspecting commercial interests may influence the information provided [10]. - The integration of advertising into AI interactions has led to increased caution among users regarding the authenticity of AI-generated suggestions [10]. Group 5: Recommendations for Improvement - Users suggested implementing transparent user agreements and clearer consent processes for data usage [10][11]. - The introduction of digital watermarks on AI-generated content was proposed to help users identify the authenticity of information [11]. - Establishing robust reporting channels for harmful or infringing AI-generated content was deemed essential for enhancing user trust [11].

国内盘面显示，昨日三大指数在前日上涨后冲高回落，分歧持续扩大，盘中多次出现跳水，且成交量放 大表明多空双方尚未形成合力。权重板块表现疲软，证券、保险、银行等金融股持续回落，在未完成企 稳筑底前，市场难以展开有效上攻。 操作策略上，维持震荡上行背景下的做多主基调，但需注意节奏把控。对于连续上涨2至3日且呈现滞涨 迹象的品种，建议适时高抛；低位横盘未经历明显上涨的品种可继续持有等待轮动，但需防范近期连续 收出三阳、四阳以上板块和品种的回调风险。市场尚未突破加速前，板块与个股难以走出独立大幅行 情，及时锁定利润、规避追高风险为当前重点。 国际局势方面，美伊谈判达成重要共识，谈判进展顺利推动原油、黄金、白银等避险资产价格回落。若 后期局势持续缓和，避险品种及原油将面临阶段性利空。科技领域呈现多空交织特征，一方面我国人工 智能大模型调用量首次超越美国，四款模型跻身全球前五，显示市场需求旺盛；另一方面英伟达及全球 软件巨头最新业绩未能提振市场情绪，外围科技板块反而出现跳水，短期需防范相关板块回踩风险，但 低位科技品种仍存在反弹机会。 隔夜美股回落叠加外围科技板块跳水，中概股跌幅接近2%，对今日A股市场形成一定外部压力。结 ...

【环球网财经综合报道】据彭博社等外媒报道，德意志银行、高盛集团等多家国际金融机构正积极运用人工智能技术 升级交易监控体系，精准识别交易员潜在不当行为，推动合规风控智能化转型。 野村方面预计，人工智能应用可将合规监控误报率降低30%至40%，每年节省最高500万美元合规成本，同时保留人工 审核环节，保障核查准确性。包括桑坦德银行在内的多家机构，也在与金融科技公司ThetaRay合作，借助智能体人工 智能优化反洗钱管控体系。 业内专家表示，人工智能能够显著提升金融机构合规监控效率，但行业对技术部署仍持审慎态度。业内人士提醒，人 工智能代理若管控不当，可能引发数据泄露、越权操作等新型风险，金融机构仍需建立完善的安全与治理机制，平衡 技术创新与风险防控。 德意志银行技术、数据和创新主管Bernd Leukert透露，该行正与谷歌云合作开发大语言模型，用于识别订单、交易及 市场波动中的异常信号，旨在及时标记疑似市场操纵行为并推送至合规部门。该行还计划利用大语言模型监控交易 员、销售人员及客服人员的沟通内容，相关系统预计于今年晚些时候上线。 与此同时，有知情人士表示，高盛正研究通过人工智能分析交易行为，捕捉市场可疑信号与 ...

【有色ETF汇添富（159652）标的指数前十大成分股】 | 序号 | 代码 | 名称 | 申万一级行业 | 涨跌幅 | 估算权重 ▼ | | --- | --- | --- | --- | --- | --- | | 1 | 601899 | 紫金矿业 | 有色金属 | 1.52% | 14.47% | | 2 | 603993 | 洛阳镇业 | 有色金属 | 4.43% | 7.55% | | 3 | 600111 | 北方稀土 | 有色金属 | 5.52% | 5.58% | | 4 | 603799 | 华友钻业 | 有色金属 | 2.80% | 4.58% | | ਟ | 601600 | 中国铝业 | 有色金属 | 3.05% | 4.01% | | 6 | 600489 | 中金黄金 | 有色金属 | 2.29% | 3.40% | | 7 | 002460 | 赣锋锂业 | 有色金属 | 0.71% | 3.26% | | 8 | 600547 | 山东黄金 | 有色金属 | 1.82% | 3.24% | | ਰੇ | 000426 | 兴业银锡 | 有色金属 | 2.86% | 2.85% ...

今年是常州连续第20年举办上海经贸活动周 一场连续20年的活动，持续成为常州在迈入万亿级城市、打造新能源之都等不同时期的发展助力。 今年是常州连续第20年举办上海经贸活动周，2026年，这场活动更加聚焦人工智能。本次活动周期间预 计达成合作项目28个，投资总额超过194亿元。 交流会上，常州发布了人工智能专项人才政策和人工智能合作机遇，邀请海内外投资者携手常州，在人 工智能领域深化合作。 同时，常州正式发布"华罗庚杯"常州人工智能系列创赛活动，同步启动2026"华罗庚杯"常州人工智能创 新创业精英赛（上海站）活动，旨在大力挖掘和培育创新性、引领性的优质人工智能项目，助力常州打 造全国"智能体+场景应用"示范城市。 常州具备厚实产业根基、丰富应用场景和开放创新生态，已成为人工智能技术落地转化的重要阵地。数 据显示，目前常州已集聚超百家人工智能规上企业，核心产业规模突破百亿元，微亿智造、征图新视等 7家企业入选省级"筑峰强链"龙头名单，形成扎实的"百企百亿"产业基座。 1月4日，常州的新春第一会聚焦人工智能，召开2026全国智能体开发者大会暨常州市"人工智能+"工作 推进会，明确要加快建设全国"智能体+场景应用" ...

1. Report Industry Investment Ratings No relevant content provided. 2. Core Views of the Report - The global market is currently in an observational phase with no clear consensus-driven trends. The short - term market is unlikely to have a unilateral trend, and the Fed's interest - rate cut narrative may be the next potential catalyst [2]. - The RMB exchange rate has shown strength. Short - term strategies for export and import enterprises are proposed, such as export enterprises locking in forward exchange settlement and import enterprises adopting a rolling purchase strategy [3][4]. - The stock index is expected to be bullish, while the bond market should focus on the Two Sessions' news [5][6]. - The container shipping market for the European route is expected to be weak in the short term, with a shift in trading logic [7][10]. - In the new energy market, the speculative sentiment of lithium carbonate is strong, and industrial silicon and polysilicon are in a situation of weak supply and demand [12][15]. - In the non - ferrous metal market, copper prices are expected to fluctuate at a high level, aluminum and its related products are expected to fluctuate and consolidate, zinc is expected to fluctuate strongly, nickel - stainless steel is expected to fluctuate at a high level, tin is expected to fluctuate at a high level, and lead is expected to fluctuate and adjust [18][22][23][25][27][28]. - In the oil and fat feed market, oilseeds have strong expectations but weak reality, and oils are expected to improve [29][31]. - In the energy and oil and gas market, high - sulfur fuel oil is under pressure, low - sulfur fuel oil is strong, and asphalt prices may decline [34][35]. - In the precious metal market, platinum - palladium is expected to be in a long - term bull market, and gold - silver is strategically bullish in the short term [38][40][41][43]. - In the chemical market, pulp and offset paper are expected to fluctuate at a low level, pure benzene - styrene should pay attention to geopolitical trends, LPG is affected by geopolitics, PX - PTA is expected to be easy to rise and difficult to fall, MEG - bottle chips are expected to fluctuate widely, methanol can consider a positive spread strategy, plastics PP are expected to fluctuate and decline, and rubber is expected to fluctuate in a range [45][47][50][52][56][59][61][64]. - In the black market, rebar and hot - rolled coils are expected to be weak, iron ore may recover seasonally, coking coal and coke need to focus on the resumption rhythm, and ferrosilicon and ferromanganese should wait for the hedging opportunity [79][80][81][84]. - In the agricultural and soft commodity market, the price of live pigs may continue to decline, cotton is recommended to go long on dips, sugar's rebound space is limited, eggs may fluctuate at a low level in the short term and rise in the medium term, apples are supported by delivery contradictions, dates are expected to fluctuate at a low level, and logs can be observed [85][88][91][92][100][102][103]. 3. Summary by Relevant Catalogs Financial Futures - **Macro**: The indirect negotiation between Iran and the US ended with "significant progress". The US initial jobless claims were 212,000, the Bank of Korea maintained the benchmark interest rate at 2.5%, and the Bank of Japan may consider raising interest rates [1]. - **RMB Exchange Rate**: The on - shore and off - shore RMB against the US dollar both broke through the 6.84 mark. Short - term strategies for export and import enterprises are provided [3][4]. - **Stock Index**: The stock index is expected to be bullish, with attention on the sustainability of trading volume [5]. - **Treasury Bond**: The bond market is bearish, and attention should be paid to the news of the Two Sessions [5][6]. - **Container Shipping for European Route**: The market is weak, with a shift in trading logic from expecting price increases to facing price cuts in the off - season [7][10]. Commodities New Energy - **Lithium Carbonate**: The speculative sentiment is strong, and upstream enterprises are recommended to hedge by shorting at high prices [12][14]. - **Industrial Silicon & Polysilicon**: They are in a situation of weak supply and demand. Short - term prices may break through the support level, and medium - term strategies are to go long at low prices [15][16]. Non - ferrous Metals - **Copper**: Prices are expected to fluctuate at a high level, and different trading strategies are proposed [18][21]. - **Aluminum Industry Chain**: Aluminum, alumina, and cast aluminum alloy are expected to fluctuate and consolidate. Different trading strategies are recommended according to different products [22][23]. - **Zinc**: It is expected to fluctuate strongly, and attention should be paid to the negative feedback of tariff news [23][24]. - **Nickel - Stainless Steel**: They are expected to fluctuate at a high level, and attention should be paid to US tariff and Indonesian supply - side factors [25][26]. - **Tin**: It is expected to fluctuate at a high level, and attention should be paid to the approval progress in Indonesia and the actual resumption progress in Myanmar [27]. - **Lead**: It is expected to fluctuate and adjust, and interval operations are recommended [28]. Oil and Fat Feed - **Oilseeds**: They have strong expectations but weak reality. After the market returns to fundamentals, shorting and reverse - spread opportunities can be considered [29][30]. - **Oils**: They are expected to improve, and long - position opportunities at low prices can be considered for palm oil [31][32]. Energy and Oil and Gas - **Fuel Oil**: High - sulfur fuel oil is under pressure, and low - sulfur fuel oil is strong. The market shows a differentiated pattern [34]. - **Asphalt**: Prices may decline, especially when the demand after the Spring Festival is lower than expected [35]. Precious Metals - **Platinum - Palladium**: They are expected to be in a long - term bull market, but attention should be paid to various risk factors [38][40]. - **Gold - Silver**: They are strategically bullish in the short term, and long - position strategies on dips are recommended [41][43]. Chemicals - **Pulp - Offset Paper**: They are expected to fluctuate at a low level, and interval trading strategies are recommended [45][46]. - **Pure Benzene - Styrene**: Attention should be paid to geopolitical trends, and long - position strategies on dips are recommended for styrene [47][49]. - **LPG**: It is mainly affected by geopolitics, and the short - term pricing is dominated by the Iran - US situation [50][51]. - **PX - PTA**: They are expected to be easy to rise and difficult to fall, and long - position strategies on dips and short - spread strategies for processing fees are recommended [52][55]. - **MEG - Bottle Chips**: They are expected to fluctuate widely, and short - selling is not recommended in the short term [56][58]. - **Methanol**: A positive spread strategy for the 5 - 9 contract can be considered, and attention should be paid to geopolitical factors [59][60]. - **Plastic PP**: They are expected to fluctuate and decline, and attention should be paid to the demand after the resumption of work by downstream enterprises and the inventory removal speed [61][63]. - **Rubber**: It is expected to fluctuate in a range, and different trading strategies are recommended for different types of rubber [64][71]. - **Urea**: It is recommended to buy at a low price, and the market price is expected to rise steadily [72]. - **Glass and Soda Ash**: Soda ash is expected to fluctuate with limited price movement, and glass prices are restricted by supply recovery and high inventory in the middle - stream [74][75]. - **Propylene**: It is affected by cost and supply - demand factors, and the market is still supported fundamentally [76][77]. Black Metals - **Rebar & Hot - Rolled Coil**: They are expected to be weak, and although the market may hype up expectations near the Two Sessions, the fundamentals are still weak [79]. - **Iron Ore**: It may recover seasonally, and low - buying opportunities or positive - spread strategies can be considered at low valuations [79][80]. - **Coking Coal & Coke**: They need to focus on the resumption rhythm of mines and steel mills after the Spring Festival, and the price may face short - term supply - demand mismatch or downward pressure [81][83]. - **Ferrosilicon & Ferromanganese**: They are affected by manganese ore news, and hedging opportunities after the emotional release can be waited for [84]. Agricultural and Soft Commodities - **Live Pigs**: The price is expected to continue to decline, and a sell - call option strategy is proposed [85][87]. - **Cotton**: It is recommended to go long on dips, and attention should be paid to the peak - season demand and US trade policy [88][90]. - **Sugar**: The rebound space is limited, although there is some upward driving force [91]. - **Eggs**: They may fluctuate at a low level in the short term and rise in the medium term [92][93]. - **Apples**: The short - term demand is weak after the Spring Festival, but the delivery contradiction provides support [100][101]. - **Dates**: They are expected to fluctuate at a low level, and attention should be paid to the post - festival replenishment demand [102]. - **Logs**: The futures price is expected to fluctuate weakly, and an observation strategy is recommended [103].

天通股份主要经营三款关键材料：1）软磁材料：1984年开始发展，业务稳定增长。 2）蓝宝石：2010年开始发展，2024年处于低点，目前接近扭亏为盈。 【中信新材料】天通股份更新20260226 天通股份主要经营三款关键材料：1）软磁材料：1984年开始发展，业务稳定增长。 2）蓝宝石：2010年开始发展，2024年处于低点，目前接近扭亏为盈。 3）铌酸锂/钽酸锂：2016年开始发展，其成长动力来自人工智能相关应用，包括光模块、光引擎以及AI眼镜的光 波导。 铌酸锂在数据中心有两个应用方向，一是柜内"光进 【中信新材料】天通股份更新20260226 薄膜铌酸锂与硅光集成主要有两种技术路径： Wafer to Wafer：在硅光芯片上直接集成薄膜铌酸锂。 Dieto Wafer：先制作好铌酸锂调制芯片，再贴合到硅光芯片上。 公司目前两种路径的产品均可供应。 3）铌酸锂/钽酸锂：2016年开始发展，其成长动力来自人工智能相关应用，包括光模块、光引擎以及AI眼镜的光 波导。 铌酸锂在数据中心有两个应用方向，一是柜内"光进铜退"的光引擎，二是3.2T光模块。 在1.6T速率下，硅光仍是主流，但存在成本高、产能受限的问 ...

主要指数表现 上证综指：-0.08% 科创 50：+0.12% 上证 50：-0.76% 创业板指：-0.39% 沪深 300：-0.17% 中证 500：+0.40% 市场成交概况 总成交额（人民币万亿元）：1.65 日环比增长：+7.8% 市场走势与板块表现 在连续两日上涨后，A 股早盘出现回调。 春节假期后市场成交 主要指数表现 上证综指：-0.08% 科创 50：+0.12% 上证 50：-0.76% 创业板指：-0.39% 沪深 300：-0.17% 中证 500：+0.40% 市场成交概况 总成交额（人民币万亿元）：1.65 日环比增长：+7.8% 市场走势与板块表现 在连续两日上涨后，A 股早盘出现回调。 宁德时代下挫近 5%，市场部分担忧锂原料成本压力。 另一方面，房地产板块在昨日上海购房政策松绑刺激上涨后今日回调。 此外，算力租赁业务重获市场信心推动 AIDC 板块强势上行。 而消费与保险板块今日表现逊于其他行业。 资金流向 春节假期后市场成交量持续呈上升趋势。 受英伟达业绩超预期提振，人工智能产业链全线走强，核心受益标的普遍录得可观涨幅。 PCB 板块连续第三日上攻，东山精密（002463 ...

【环球网财经综合报道】据Financial Times等外媒报道，近期受人工智能颠覆风险担忧影响，全球股市出现结构分 化，投资者纷纷减持高风险轻资产板块，转向公用事业、能源、材料等拥有实物资产的资产密集型股票寻求避险。 近期，标普500软件子指数跌至2025年4月美国关税政策以来最低水平，不到一个月内板块总市值蒸发1.2万亿美元。 市场对AI工具可能颠覆行业的担忧持续发酵，软件板块首当其冲，并波及财富管理、保险等领域。 瑞银衍生品策略主管格里·福勒表示，过去15年有效的轻资产、知识产权驱动模式当前最为脆弱，市场避险焦点转向 以实物资产为支撑的业务模式。低利率时代结束、利率走高持续压制轻资产估值，国防、基础设施等资本密集领域 投资力度提升，进一步推动资金转向。 与之形成鲜明对比，标普500公用事业子指数同期上涨超10%，能源股涨幅达到22%，在多年跑输轻资产科技股后， 重资产板块重新获得资金青睐。 高盛欧洲策略师表示，资产密集型企业具备难以复制、建设周期长的特点，对人工智能带来的颠覆性风险具备更强 抵御能力，可称之为具备防御属性的"光环股"。 个股方面，Intuit、AppLovin、Gartner、Workd ...