12月19日，A股股指集体上涨，受海外稳定币消息催化，金融科技及软件开发板块表现相对强势，创业 板软件ETF华夏（159256）涨幅扩大至近1%，其持仓股四方精创、彩讯股份大涨超5%，航天智装、创 业慧康、中科创达等股领涨。 消息方面，Visa在美国启动基于USDC的稳定币结算服务，允许美国发卡行和收单行通过Solana区块链 完成VisaNet交易的结算，实现7×24小时、近乎实时的资金清算，提升流动性管理效率。 在AI产业链中，软件行业主要处于中游技术层和下游应用层，扮演着核心技术支撑和应用落地的关键 角色。具体来看，软件行业在中游技术层主要提供AI框架、开发平台和算法模型，这些技术是AI应用 开发的基础。在下游应用层，软件行业通过将AI技术与各行业结合，推动AI应用的落地。 长江证券分析指出，在中美科技博弈加剧的背景下，基于供应链安全考量，在关键领域实现完全自主可 控是我国科技发展的必由之路。随着2025年等关键政策考核年份临近，国产操作系统、基础软件等信创 产业链方向值得重点关注。 （文章来源：每日经济新闻） ...

每日经济新闻 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 长江证券分析指出，在中美科技博弈加剧的背景下，基于供应链安全考量，在关键领域实现完全自 主可控是我国科技发展的必由之路。随着2025年等关键政策考核年份临近，国产操作系统、基础软件等 信创产业链方向值得重点关注。 相关产品：创业板软件ETF华夏（159256）、创业板200ETF华夏（159573）、人工智能AIETF （515070）。 今日A股盘中调整，深证成指、创业板指盘中翻绿，盘面上，贵金属板块持续拉升，白酒板块走 强，软件开发板块小幅回调，创业板软件ETF华夏（159256）盘中涨0.11%，持仓股神州泰岳涨超2%， 润泽科技、航天智装、宝通科技、数码视讯等股涨幅居前。 消息面上，近日，以"标准筑基软件赋能智驱未来"为主题的2025年软件与系统工程标准化大会在京 召开。大会由全国信标委软件与系统工程分委会主办， ...

Group 1 - The China Securities Big Data Industry Index (930902) has increased by 0.73%, with significant gains from companies such as Yonyou Network (up 6.05%) and Shiji Information (up 4.33%) [1] - The Data ETF (516000) has risen by 0.43%, marking its fifth consecutive increase, with a recent price of 0.93 yuan and a weekly increase of 3.95% as of June 6, 2025 [1] - The merger and restructuring of Haiguang Information and Zhongke Shuguang is approaching a critical point, with stock trading expected to resume by June 10, potentially driving a new wave of growth in computing power [1] Group 2 - Huachuang Securities indicates that the integration of the Xinchuang industry chain is accelerating towards "technology complementary integration" and "ecosystem closure construction," forming a dual path of vertical collaboration between software service providers and hardware manufacturers [2] - Current mergers exhibit three main characteristics: 1) Technology collaboration orientation, where companies like Huibo Yuntong aim to acquire leading ARM server manufacturer Baode Computing to enhance AI computing capabilities [2] 2) Policy-driven centralization, encouraging mergers to optimize resource allocation, as seen with Softcom's acquisition of Tongfang Computer [2] 3) International ecological layout, where companies pursue cross-border mergers to acquire core technologies and build global supply chains [2] Group 3 - The Data ETF closely tracks the China Securities Big Data Industry Index, which includes companies involved in big data storage, analysis, operation, production, and application [3] - The weight of Zhongke Shuguang in the index exceeds 8%, with relatively low market attention, thus reducing the risk of diluted returns due to premium and high subscription volume [3] - As the resumption date approaches, the Data ETF may present a favorable investment opportunity alongside the Xinchuang ETF [3]

Key Insights on Local Government Bonds - The local government bonds can be classified based on project revenue attributes into general bonds and special bonds, and based on funding purposes into new bonds and refinancing bonds [2][4] - The average issuance term of local government bonds has increased from 6.3 years in 2015 to 14.8 years by February 2025, influenced by the relaxation of special bond issuance policies [5][11] - The total issuance scale of local government bonds is expected to reach around 1 trillion yuan in 2025, with new general bonds at 80 billion yuan and new special bonds at 440 billion yuan, showing a slight increase from 2024 [11][12] Key Insights on the Technology Sector - The "reciprocal tariffs" imposed by the US may provide short-term protection for domestic tech industries but could weaken innovation and competitiveness in the long run [14] - The tariffs may lead to trade partner retaliation, increasing operational costs and uncertainties for tech companies in affected countries like China, while also accelerating their push for technological self-reliance [14][19] - The impact of tariffs on the tech sector is complex, with potential for both challenges and opportunities as companies adapt to new market conditions [14][19] Key Insights on the Military Industry - The military sector is expected to benefit from the current geopolitical tensions, with the US's tariff policies having limited impact on domestic military industries due to their high level of self-sufficiency [18][22] - The upcoming 80th anniversary of the victory in the Anti-Japanese War is anticipated to serve as a catalyst for the military industry, with increased investment opportunities [22] - The military sector's valuation is currently at 44.9%, indicating significant room for growth compared to the tech sector [22] Key Insights on the Chemical Industry - Brent crude oil prices are expected to fluctuate between 60-70 USD per barrel, with industry cost pressures easing but requiring attention to inventory conversion losses [31][33] - The domestic economic stimulus policies are likely to enhance the potential for structural opportunities within the chemical industry, particularly in response to increased domestic demand [33]

| | | | 市面上中小盘成长基金近期收益 | | | | | --- | --- | --- | --- | --- | --- | --- | | 证券代码 | 证券名称 | 基金规模(亿元) | 2月5日 (%) | 2月6日 (%) | 2月7日 (%) | 合计增长率(%) | | 000326. OF | 南方中小盘成长股票A | 2.96 | -1.41 | 0. 44 | 1. 11 | 0. 15 | | 015880. OF | 中欧小盘成长混合A | 4. 15 | 0. 64 | 1. 67 | 0. 89 | 3.20 | | 009132. OF | "发小盘成长混合(LOF)C | 58. 35 | 0.21 | 3.04 | 2. 66 | 5.90 | | 163818. OF | 中银中小盘成长混合 | 0. 49 | -0. 48 | 3.16 | 1.51 | 4. 19 | | 040007. OF | 华安中小盘成长混合 | 19. 91 | -0.74 | 3.38 | 1.64 | 4.29 | （来源：Choice数据，市值风云APP制表） 开年首周"春季攻 ...