2025年，南方财经号平台生态持续进阶，超3500名创作者携手21财经客户端，以专业视角解 码经济大势，用深度洞察回应市场关切。从宏观政策解读、产业赛道研究，到微观商业洞察、 热点事件剖析，更有联名栏目共创等多元内容形态，为用户奉上了一场场财经内容盛宴。 为致敬每一份坚守与创新，南方财经号平台正式发布2025年度创作者优秀案例。今年的评选在 延续内容专业性、传播力、活跃度、影响力、用户喜爱度五大核心维度的基础上，新增了"生 态共建贡献"评价指标，更全面地考量创作者的综合价值。最终，48名创作者脱颖而出，获 选"年度卓越南方财经号""年度最具影响力南方财经号""年度新锐南方财经号""年度优质创作 者南方财经号"等多项荣誉。 关于南方财经号平台 南方财经号平台由南方财经全媒体集团倾力打造，依托21财经客户端建设运营，是粤港澳大湾 区内首个由主流媒体建设运营的财经内容聚合平台和财经创作者社区。得益于主流媒体的专业 性和权威性，截至目前，南方财经号平台已经吸引了超过3500名创作者入驻，成员涵盖我国多 个经济管理部门、智库机构、金融机构、知名企业、专家学者、专业财经媒体以及头部财经自 媒体。 点击入驻南方财经号>> ...

宗建树 卢之晗 SAC：S0490520030004 SAC：S0490525120001 SFC：BUX668 丨证券研究报告丨 行业研究丨点评报告丨软件与服务 [Table_Title] 数字货币跟踪：数字人民币迎来重大调整，2026 年 1 月 1 日起钱包余额可计息 报告要点 [Table_Summary] 在总结十年研发试点经验基础上，中国人民银行出台了《关于进一步加强数字人民币管理服务 体系和相关金融基础设施建设的行动方案》，方案从机制上明确了数字人民币将从数字现金时 代迈入数字存款货币时代。 分析师及联系人 [Table_Author] 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 软件与服务 cjzqdt11111 [Table_Title 数字货币跟踪：数字人民币迎来重大调整， 2] 2026 年 1 月 1 日起钱包余额可计息 [Table_Summary2] 事件描述 12 月 29 日，中国人民银行党委委员、副行长陆磊在《金融时报》发表文章称，中国人民银行 出台了《关于进一步加强数字人民币管理服务体系和相关金融基础设施建设的行动方案》， ...

随着全球贸易一体化加速和数字经济蓬勃发展，跨境支付已从外贸行业的"配套服务"升级为驱动全球经济循环的关键引擎。 过去十年，全球跨境支付交易规模累计增长超41%，即便经历贸易摩擦和监管调整，整体仍保持稳健上升态势。 在资本市场，数字货币已经突破了下降通道，之后连续五天资金已悄悄单边流入该板块，技术分析，趋势已经发生转折！ 而12月29日央行出台的《关于进一步加强数字人民币管理服务体系和相关金融基础设施建设的行动方案》，更让需求端迎来政策级催化，将激活更多跨境 贸易、投资场景的支付需求，市场空间进一步打开。 如今，传统支付模式的痛点逐渐被技术创新破解，第三方支付平台崛起重塑行业格局，更有央行数字货币政策重磅加持，让跨境支付赛道迎来前所未有的 黄金发展期，成为兼具成长性与确定性的优质赛道。 作为A股市场投资者又该如何把控这一机遇？ 场景全面爆发，跨境支付需求持续扩容 跨境支付早已不再局限于企业外贸结算，而是渗透到全球经济的方方面面，形成多元化需求矩阵。2015年到2024年，全球跨境支付的交易规模整体成上升 趋势，累计增长41.05%。 从交易类型来看，B2B场景作为核心支柱，覆盖国际供应链、跨境投资等大额高频业务 ...

Market Overview - The A-share market opened lower on the 30th but experienced fluctuations, with indices turning positive multiple times during the session [1] - By the end of the trading day, the Shanghai Composite Index slightly declined to 3965.12 points, while the Shenzhen Component Index rose by 0.49% and the ChiNext Index increased by 0.63% [1][2] Trading Data - The total trading volume in the market reached 2.16 trillion yuan, with over 3400 stocks experiencing declines [3] - The Shanghai Composite Index recorded a minor decrease of 0.16%, while the Shenzhen Component Index gained 66.97 points, reflecting a 0.49% increase [2] - The ChiNext Index saw an increase of 20.29 points, or 0.63%, indicating positive momentum in certain sectors [2] Sector Performance - Human robot concept stocks surged in the afternoon, while sectors related to digital currency, AI smartphones, and short drama games showed active performance [3] - Conversely, the photovoltaic industry chain experienced a pullback, and stocks related to the Hainan Free Trade Zone, outbound tax refunds, and commercial aerospace concepts underwent adjustments [3]

Market Performance - The Shanghai Composite Index closed flat, marking a 10-day consecutive rise, while the Shenzhen Component Index increased by 0.49% and the ChiNext Index rose by 0.63% [1] - The Northbound Stock Connect Index fell by 0.4% [1] - Total trading volume across the three markets reached 21,612 billion yuan, an increase of 36 billion yuan compared to the previous day [1] - Over 3,400 stocks declined across the three markets [1] Sector Performance - The humanoid robot, cinema line, AI agents, liquid cooling servers, oil and gas petrochemicals, digital currency, and semiconductor sectors saw the largest gains [1] - The mini-sized Jin Ying Gain Currency ETF experienced a notable increase of 5.01% [1] - The robotics sector surged in the afternoon, with several ETFs including Ping An Fund's Auto Parts ETF, Penghua's Robotics ETF, E Fund's Robotics ETF, and Invesco Great Wall's Robotics 50 ETF all rising over 4% [1] - The chemical sector also performed well, with E Fund's Chemical Industry ETF and Huaxia Fund's Petrochemical ETF rising by 2.57% and 2.45% respectively [1] - The non-ferrous sector saw an increase, with Wan Jia Fund's Industrial Non-Ferrous ETF rising by 2% [1] Declining Sectors - The Hang Seng Index's Hong Kong Stock Connect ETF continued to decline, dropping by 5.85% [1] - Gold prices fell, leading to declines in gold-related ETFs including the Gold Fund ETF, Shanghai Gold ETF, and Gold ETF, which all dropped by 2% [1] - The Hong Kong pharmaceutical sector continued to decline, with the Hong Kong Innovative Drug ETF falling by 1.55% [1]

Market Overview - The Shanghai Composite Index experienced slight fluctuations, closing down marginally, while the Shenzhen Component Index and the ChiNext Index saw gains of 0.49% and 0.63% respectively [1] - The total trading volume in the Shanghai and Shenzhen markets reached 2.14 trillion yuan, an increase of 3.2 billion yuan compared to the previous trading day, with nearly 3,500 stocks declining [6] Sector Performance - Human-robot concept stocks surged in the afternoon, with over ten stocks hitting the daily limit, including Boke Co., Sanhua Intelligent Control, and Hualing Cable [2][4] - The liquid cooling server concept also saw significant gains, with stocks like Unified Co. and New Times hitting the daily limit, and several others rising over 10% [4][5] Stock Highlights - Notable gainers included: - Boke Co. (+20.00% to 145.99 yuan) - Haichang New Materials (+19.98% to 30.98 yuan) - Wu Zhi Electromechanical (+18.59% to 63.80 yuan) [3] - Other significant performers included: - Yidong Electronics (+11.17% to 79.50 yuan) - Shuo Beid (+10.71% to 27.29 yuan) - Tongxing Technology (+10.34% to 33.29 yuan) [5] Capital Flow - Main capital inflows were observed in the general equipment, automotive, and home appliance sectors, while there were outflows from the communication, battery, and photovoltaic equipment sectors [8] - Specific stocks with notable net inflows included Sanhua Intelligent Control (2.786 billion yuan), N Qiang Yi (1.824 billion yuan), and Shanzi Gaoke (1.538 billion yuan) [8] Institutional Insights - Guotai Junan and Haitong Securities expressed optimism about the upcoming cross-year market rally, suggesting that adjustments present good investment opportunities [8] - Pacific Securities indicated that the cross-year market is expected to start with a broad rally, with low volatility in major stock index options suggesting a steeper upward trend ahead [8]

记者丨 郭聪聪 根据方案部署，新一代数字人民币的计量框架、管理体系、运行机制与生态体系将同步落地。 其中主要亮点包括： 数字人民币钱包余额将计付利息；银行类运营机构的数字人民币纳入准 备金制度框架管理，其钱包余额统一计入存款准备金交存基数；参与运营的非银行支付机构则 需实行100%的数字人民币保证金要求等。 从数字现金到数字存款货币 陆磊在文中介绍道，我国数字人民币的研究和开发起步较早。在2014年，中国人民银行就启动 理论研究和封闭测试。2016年，中国人民银行提出了具有数字货币特征的电子支付工具 （DC/EP）的法定数字货币理论框架构想，审慎科学稳健试点探索数字人民币（e-CNY）管理 体系和运行机理。 经反复论证和开放试点，中国人民银行数字货币研究所完成了第一代原型设计（现金型数字人 民币1.0版），在全球率先试验成功"中央银行-商业机构"双层运营体系，初步构建了数字人民 币的生态体系，走出了一条以中央银行为主导，依托商业性金融机构和现有支付体系，融合最 新技术进展的中国特色数字货币发展道路。 当前，境内和跨境数字人民币试验推广取得积极成效，在各国中央银行试验推进的项目中，数 字人民币处于领跑态势。 编 ...

央行重磅！数字人民币迎计息新时代，A股相关概念股集体躁动。 周二，数字经济、数字货币概念继续强势上涨。 数字认证盘中一度逼近涨停，现涨超17%；御银股份、翠微股份2连板，航天信息10CM涨停，中科金 财、飞天诚信等涨超6%，拉卡拉、广电运通等涨超5%。 | 代码 | 名称 | 最新价 | 涨跌额 | 涨跌幅 √ | 总市值 | | --- | --- | --- | --- | --- | --- | | 300579 | 数字认证 | 35.11 | +5.32 | 17.86% | 94.8 Z | | 002177 | 御银股份 | 8.55 | +0.78 | 10.04% | 65.08亿 | | 603123 | 翠微股份 | 17.63 | +1.60 | 9.98% | 140.82亿 | | 600271 | 航天信息 | 11.59 | +1.05 | 9.96% | 214.75亿 | | 002657 | 中科金财 | 30.22 | +1.86 | 6.56% | 102.76亿 | | 300386 | 飞天诚信 | 18.14 | +1.10 | 6.46% | 75.83亿 | ...

①牛榜 - 影视股走强！百纳千成20%涨停，横店影视、金逸影视、博纳影业、上海电影、文投控 股、幸福蓝海等跟涨。影视传媒还能涨多少？ ②牛榜 - AI智能体、机器人概念双双走强！酷特智能、湖北广电、东方通信、南兴股份、正和生 态、宏英智能等个股涨停，蓝色光标、佳都科技、立方控股等个股涨幅居前。如何掘金产业链？ ③牛榜 - 中国成首个为央行数字货币计息经济体，数字货币概念突然爆发！A股这些公司要起飞了！ ④熊榜 - 海南板块跌幅居前，抢筹正当时？ 前言 市场迷雾重重，还在为抓不住市场热点而焦虑？《掘金板块牛熊》帮你精准把握风格切换信号，带领你 看懂热钱的情绪周期。 每个交易日午间解密当天盘面热点的核心逻辑，《掘金板块牛熊》让你踩准市 场节奏，财富增值不迷路！ 【每日早盘观察】 点击付费阅读，解密今日盘面热点的核心逻辑！ ...

Group 1 - Digital currency concept stocks experienced a collective surge, with Cuiwei Co., Ltd. (603123) hitting the daily limit and Yuyin Co., Ltd. achieving a second consecutive day of limit-up [1][2] - The People's Bank of China (PBOC) announced a new action plan to enhance the management and service system for digital RMB, set to be implemented on January 1, 2026, marking a transition from cash-type to deposit currency-type [4] - As of November 2025, the digital RMB has processed 3.48 billion transactions, with a total transaction amount of 16.7 trillion yuan, indicating significant adoption and usage [5] Group 2 - The digital RMB wallet balance will earn interest, making China the first economy to offer interest on central bank digital currency [4] - The digital currency sector is expected to see accelerated internationalization of the RMB, driven by policies supporting cross-border payment projects with countries like Thailand, Hong Kong, and the UAE [4][5] - Aerospace concept stocks showed strong performance, with the sector index rising over 7% in the morning session, although some stocks faced significant declines due to risk warnings [6][8] Group 3 - Shenjian Co. has seen a continuous rise in stock price, with eight consecutive limit-ups, but has issued multiple risk warnings regarding its commercial aerospace business, which constitutes a small portion of its revenue [8] - Tianjian Technology issued a major risk warning, expecting a revenue reduction of approximately 2.56 billion yuan due to military product price adjustments, which may lead to a negative net profit for the fiscal year [8]