一、全市场概况 以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 行业&主题板块ETF中，净流入前五大板块依次为：证券、半导体芯片、军工、光伏、创新药；净流出前五大板块依次为：文娱传媒、国央企、通信、生物 科技、钢铁。 上周大金融板块持续获得资金流入，证券ETF龙头（159993）周内累计吸金3.22亿元，场内规模突破20亿。证券板块存在并购预期驱动，在"金融强国"大背 景下，打造一流券商势在必行。中资券商港股子公司获批虚拟资产交易服务牌照，打开了金融创新的新篇章，稳定币对交投情绪的活跃带动作用或持续在证 券板块中扩散。 | | 中证信息 | 0.69% | 52.08 | 82.67% | | | A: 160626 C: 012040 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 高铁产业 | -4.82% | 12.70 | 72.44% | | | A: 160639 C: 015678 | | | 一带一路 | -1.40% | 12.31 | 60.48% | | | A: 160638 C: 015677 | ...

作者：行情君 从中华交易服务中国香港内地指数持仓的市场板块来看，香港证券交易所占比100.00%。 从中华交易服务中国香港内地指数持仓样本的行业来看，可选消费占比30.61%、金融占比23.03%、通 信服务占比22.17%、信息技术占比11.44%、能源占比5.74%、医药卫生占比2.56%、房地产占比2.39%、 主要消费占比1.04%、工业占比0.58%、原材料占比0.43%。 本文源自：金融界 金融界7月7日消息，A股三大指数收盘涨跌不一，中华交易服务中国香港内地指数 (中华香港内地指 数，CESHKM)上涨0.09%，报6523.98点，成交额577.6亿元。 数据统计显示，中华交易服务中国香港内地指数近一个月下跌0.19%，近三个月上涨0.59%，年至今上 涨16.44%。 据了解，中华交易服务中国跨境指数系列为一系列证券价格指数，由中华交易服务中国 120 指数(中华 120)、中华交易服务中国 A80 指数(中华 A80)、中华交易服务中国香港内地指数(中华香港内地指数)以 及中华交易服务中国 280 指数(中华 280)组成，以综合反映沪深港三地上市中国大、中盘证券的整体表 现。该指数以20 ...

金融界7月2日消息，上证指数高开震荡，中华交易服务中国香港内地指数 (中华香港内地指数， CESHKM)上涨0.44%，报6611.57点，成交额734.64亿元。 从指数持仓来看，中华交易服务中国香港内地指数十大权重分别为：腾讯控股（9.75%）、阿里巴巴-W （9.39%）、小米集团-W（9.24%）、建设银行（8.29%）、美团-W（6.51%）、工商银行（4.66%）、 中国移动（4.55%）、比亚迪股份（3.81%）、网易-S（3.47%）、京东集团-SW（3.42%）。 从中华交易服务中国香港内地指数持仓的市场板块来看，香港证券交易所占比100.00%。 从中华交易服务中国香港内地指数持仓样本的行业来看，可选消费占比30.91%、金融占比23.06%、通 信服务占比21.83%、信息技术占比11.69%、能源占比5.65%、医药卫生占比2.51%、房地产占比2.31%、 主要消费占比1.05%、工业占比0.58%、原材料占比0.43%。 数据统计显示，中华交易服务中国香港内地指数近一个月上涨2.44%，近三个月下跌0.01%，年至今上 涨17.60%。 本文源自：金融界 据了解，中华交易服务中国跨 ...

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Core Viewpoint - The article discusses the recent performance of the A-share market, highlighting the upward trend of major indices and the active participation of financial sectors, particularly in virtual asset trading services, which are expected to drive growth and innovation in the industry [1][3][5]. Market Performance - As of the morning of the 27th, all three major A-share indices have risen, with the ChiNext Index increasing by over 1% and the Shenzhen Component Index by nearly 1% [1]. - More than 4,200 stocks have seen an increase in value [2]. Financial Sector Activity - The financial sector has become active again, with Tianfeng Securities hitting the daily limit, following multiple consecutive gains by other firms such as Hongye Futures and Aijian Group [3]. - Notable stock performances include Tianfeng Securities at 5.16, up 10.02%, and Huaxi Securities at 9.60, up 8.47% [4]. Virtual Asset Trading - The article mentions that Guotai Junan International has obtained the first full license for virtual assets among Chinese brokers in Hong Kong, with several other firms also pursuing similar licenses [4]. - Western Securities expresses optimism about the growth potential of Chinese brokers in virtual asset trading, which could enhance their competitive advantage and lead to new revenue streams [5]. Economic Outlook - Several brokerage firms project a positive outlook for the A-share market in the second half of 2025, anticipating a potential upward trend [9]. - Analysts from Galaxy Securities note that while external uncertainties and domestic demand issues persist, the Chinese economy is expected to show resilience due to ongoing policy support [12]. Investment Directions - Institutions are focusing on three main investment directions for the second half of the year: dividend assets, technology innovation themes, and the consumer sector [19]. - Dividend assets, particularly in financial sectors like insurance and banking, are highlighted for their defensive attributes and stable returns [21][22]. - The technology innovation theme emphasizes AI-related sectors, including AI computing and applications, which are expected to drive significant market interest [25][26]. - The consumer sector, particularly domestic brands in beauty and pet industries, is also seen as a promising investment area [28][30].

Group 1 - The Shanghai Composite Index broke through the March high on June 25, indicating an opened upward space for the market [1] - The easing geopolitical tensions in the Middle East led to a decrease in global risk aversion, contributing to the market's rise [1] - The approval of Chinese securities firms to provide virtual asset trading services has opened new opportunities in the financial sector, with a notable increase in the comprehensive financial sector by 5.7% on June 24 [1] Group 2 - The expectation of interest rate cuts by the Federal Reserve has increased, as Chairman Jerome Powell indicated a potential for earlier cuts if inflation does not meet expectations or if unemployment rises sharply [2]

数据来源第三方，观点仅供参考。市场有风险，投资需谨慎！ 研究员: 徐玉花 期货从业资格号F03132080 期货投资咨询从业证书号 Z0021386 免责声明 本报告中的信息均来源于公开可获得资料 ，瑞达期货股份有限公司力求准确可靠 ，但对这些信息的准确性及完整性不做任何保证 ，据此投资，责 任自负。本报告不构成个人投资建议 ，客户应考虑本报告中的任何意见或建议是否符合其特定状况 。本报告版权仅为我公司所有 ，未经书面许 可，任何机构和个人不得以任何形式翻版 、复制和发布。如引用、刊发，需注明出处为瑞 达 研 究瑞达期货股份有限公司研究院 ，且不得对本报告 进行有悖原意的引用 、删节和修改。 锰硅硅铁产业日报 2025/6/26 | 项目类别 | 数据指标 | 最新 | 环比 | 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | --- | | | SM主力合约收盘价（日，元/吨） | 5,676.00 | +22.00↑ | SF主力合约收盘价（日，元/吨） | 5,384.00 | +10.00↑ | | | SM期货合约持仓量（日，手） | 5 ...

6月26日涨停分析 今日共63股涨停，连板股总数21只，23股封板未遂，封板率为73%（不含ST股、退市股）。焦点股方面，兴业股份、诺德股份午后炸板跳水，市场连板高度 降至5连板的新通联。军工股反复活跃，长城军工7天6板，万里马20CM4天3板。油气股午后反弹，准油股份反包涨停走出10天7板。 | 股票名称 | 板数 | 涨跌幅 | 涨停时间 | 上涨逻辑 | | --- | --- | --- | --- | --- | | 长城军工 | 7天6板 | 9.99% | 09:35 | 车工 | | 601606 | | | | | | 万里马 | 4天3板 | 20.05% | 09:43 | 军工 | | 300591 | | | | | | 湖南天雁 | 4天3板 | 9.97% | 14:45 | 军工央企 | | 600698 | | | | | | 北方导航 | 2天2板 | 10.01% | 09:30 | 卫星互联 | | 600435 | | | | 网+军工 | | 建设工业 | 2天2板 | 10.00% | 09:32 | 军工+机器 | | 002265 | | | | 人 | | ...

A股券商板块多数高开，国盛金控竞价涨停，湘财股份涨超8%，天风证券、国金证券等多股跟涨。消 息面上，据香港证监会披露，目前获批可通过综合账户提供虚拟资产交易服务的机构共计40家。 ...

Core Viewpoint - The A-share brokerage sector is experiencing a significant surge, with the leading brokerage ETF (512000) seeing a price increase of over 6%, marking its largest single-day gain since November 8, 2024, and indicating a potential recovery in the sector [1] Group 1: Market Performance - The median increase in A-share brokerage stocks reached 3.8%, with notable performances from Guosheng Financial and Xiangcai Securities, both achieving consecutive gains, while Tianfeng Securities hit the daily limit [1] - The "券茅" Dongfang Wealth recorded a staggering transaction volume of 33.235 billion yuan, setting a new annual high, with main funds continuing to buy heavily, totaling 6.288 billion yuan [1] Group 2: Investment Opportunities - The ETF fund manager, Feng Chen, noted that Guotai Junan International received approval from the Hong Kong Securities and Futures Commission to upgrade its trading license to include virtual asset services, suggesting that other leading Chinese brokerages may follow suit, creating new growth opportunities in international business lines [1] - The brokerage sector's current valuation stands at 1.47 times PB, down 15% from its highest level since September 24, 2024, indicating a potential value investment opportunity [2] - Market activity has improved, with a year-to-date increase in trading volume of approximately 60% and a 25% rise in margin financing, suggesting a recovery in investment banking activities [2] Group 3: External Environment - The external environment is relatively stable in the short term, which is conducive to the rotation of A-share sectors and supports liquidity improvement [3] - The financial sector, particularly banks and brokerages, is experiencing a widening price gap compared to last year, indicating a potential for catch-up gains in the brokerage sector [4] Group 4: Asset Allocation Trends - Increased household savings and declining interest rates are leading to a shift towards equity assets, which are expected to become a new focus for asset allocation under measures aimed at stabilizing the stock market and enhancing dividends [4] - The brokerage ETF (512000) tracks the CSI All Share Securities Companies Index, encompassing 49 listed brokerage stocks, with nearly 60% of its holdings concentrated in the top ten leading brokerages, while also including mid and small-sized brokerages for high elasticity in performance [4]