每经编辑｜彭水萍 1月6日，A股延续强势，沪指录得13连阳，创逾10年新高，题材股多点开花，市场逾4100股上涨。上证指数收涨1.5%报4083.67点，深证成指涨1.4%，创业 板指涨0.75%，中证A500涨1.68%。A股全天成交2.83万亿元，创逾三个月新高。证券、保险等大金融板块继续走强，有色板块表现亮眼。 证券ETF（512880）收盘大涨4.13% 一、上涨原因分析：沪指13连阳，"牛市旗手"证券板块虽迟但到 证券板块久违异动，沪指录得13连阳中，"牛市旗手"证券板块上涨虽迟但到，一举突破所有均线，部分个股涨停。 开年两个交易日市场大幅放量。市场连续两个交易日ADT近3万亿元，同比大幅增长115%。2025年日均股基交易额达1.98万亿元，同比增长67%。两融保持 高位，截至2026年1月5日为2.5万亿元，同比增长38%。市场活跃度大幅提升，证券公司费类业务盈利预期显著改善，ROE持续提升。 二、后市展望：非银开年新气象，看好板块配置价值 2025年证券行业已进入新一轮增长周期，投行、海外业务等模块带来新亮点。但证券板块因缺少独立催化、前两年悲观情绪延续等原因而表现相对平淡。基 本面预期差提供 ...

1月6日A股早盘延续开年强势，量能再度刷新近期纪录，市场交易活跃度攀升至高位。 证券ETF(159841)，对应场外联接基金（A：008590，C：008591）。 【热点事件】 A股放量逼空！成交额连续6日破2万亿 截至2026年1月6日 14:31，证券ETF(159841)盘中换手10.27%，成交10.91亿元，市场交投活跃。跟踪的中证全指证券公司指数 (399975)强势上涨4.13%，成分股华林证券(002945)上涨9.99%，华安证券(600909)上涨9.99%，长江证券(000783)上涨6.63%，国 泰海通(601211)，东方财富(300059)等个股跟涨。 【产品亮点】 证券板块具备较强β属性，主营业务表现与资本市场表现息息相关，因此被喻为"牛市旗手"。历史市场反弹期间，证券板块显著 跑赢大盘，深市规模流动性同类持续领先的证券ETF(159841)助力把握机遇。 【相关产品】 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。 沪深两市成交额实现连续第6个交易日突破2万亿，早盘阶段较前一交易日同期放量超1500亿，预计全天成交金额超2.7万亿，有 望创出近期成交 ...

刚刚，沪指强势突破2025年11月14日的阶段高点，刷新2015年7月底以来的新高，走出史诗级的13连阳。 作为"牛市旗手"，蛰伏许久的券商板块终于启动，个股集体上攻，华林证券、华安证券双双涨停，东北证券涨超6%，财达证券、华泰证券、国泰海通、东 方财富等涨幅居前。顶流券商ETF（512000）场内价格大涨逾3%，不足半日成交额近15亿元，板块交投情绪高涨。 | 177 分时 7: 标台并「9 削裂仪 超级叠加 画线 工具 (9 () | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 512000.SHI券商ETF] 2025/08/20 收 0.623 幅 0.97%(0.006) 开 | WP | 0 609 +0.019 +3.22% | | | | | | MA5 0.6171 MA10 0.5991 MA20 0.5911 MA60 0.5521 MA120 0.533 ▼ = | | SSE CNY 10:21:52 交易中 查看L2全景 | | | | | | 0.660 | | 净值走势 华宝中证全指证券公司 | | | 文 ...

| 三江 | 报价 | 涨跌幅 | | --- | --- | --- | | 道琼斯 | 47739 32 | -0.45% | | 纳斯达克 | 23545.90 | -0.14% | | 标普500 | 6846.51 | -0.35% | | 富时100 | 9645.09 | -0.23% | | COMEX黄金 | 4219.90 | -0.54% | | WTI原油 | 58.88 | -2.0% | | 美元指数 | 99.10 | -0.01% | | 美元离岸人民币 | 7.07 | -0.01% | | | 注:美元指数、汇率为最新价,数据截至北京时间6:30,其它为收盘价制图:21投资通 | | 重磅资讯中共中央政治局：明年经济工作要坚持稳中求进、提质增效，继续实施更加积极的财政政策和 适度宽松的货币政策 据新华社，中共中央政治局12月8日召开会议，分析研究2026年经济工作，审议《中国共产党领导全面 依法治国工作条例》。会议指出，明年经济工作要坚持稳中求进、提质增效，继续实施更加积极的财政 政策和适度宽松的货币政策，发挥存量政策和增量政策集成效应，加大逆周期和跨周期调节力度，切实 提 ...

Group 1 - The core viewpoint of the news highlights the significant growth in the Securities ETF (159841), with a turnover of 5.38% and a transaction volume of 578 million yuan as of December 5, 2025, alongside a strong performance of the underlying index, which rose by 2.54% [1] - The Securities ETF has seen a notable increase in scale, growing by 19.2 million yuan over the past two weeks and 514 million shares in the last month, reaching a total of 9.999 billion shares [1] - In terms of capital inflow, the Securities ETF attracted a total of 562 million yuan over the last 20 trading days, indicating strong investor interest [2] Group 2 - The Securities sector is characterized by a strong beta attribute, closely linked to the performance of the capital market, and is often referred to as the "flag bearer of bull markets" [3] - A recent notification from the National Financial Regulatory Administration aims to enhance the role of insurance funds as "patient capital," which is expected to further open up space for insurance capital in the market [4] - The notification includes adjustments to risk factors for insurance companies, such as reducing the risk factor for stocks held over three years from 0.3 to 0.27, which is anticipated to encourage long-term investments and positively impact the capital market [5][7] Group 3 - According to Zhongyuan Securities, the overall performance of the equity market is expected to remain relatively strong in 2026, with the securities industry continuing to be in an upward cycle [8] - It is anticipated that the brokerage sector will experience wide fluctuations in 2026, with leading listed brokerages likely to play a pivotal role during the next market rally [8]

Group 1 - The core viewpoint of the article highlights the significant growth of the ETF market, with a scale surpassing 164 billion yuan this year [3] - The third-quarter report indicates high growth and low valuation, suggesting potential investment opportunities in the market [3] - The MACD golden cross signal formation indicates a positive trend for certain stocks, suggesting a bullish market outlook [5]

Core Viewpoint - On November 3, the A-share market experienced a "V" shaped reversal, with stock ETFs seeing a net inflow of approximately 5.974 billion yuan, indicating a strong interest in sector-specific ETFs, particularly in the brokerage sector, while broad-based ETFs faced significant outflows [2][3]. Summary by Categories ETF Market Overview - As of November 3, the total scale of 1,240 stock ETFs in the market reached 4.64 trillion yuan [4]. - The stock ETF market saw a net inflow of 5.974 billion yuan on November 3, with sector-specific ETFs attracting significant capital [5]. Sector-Specific ETF Performance - The brokerage sector, referred to as the "bull market flag bearer," attracted substantial inflows, with a total of 1.767 billion yuan flowing into securities company ETFs on that day [6]. - Notable inflows included 1.098 billion yuan into the Guotai Fund's securities ETF and 0.382 billion yuan into the Huabao Fund's brokerage ETF [6]. - The innovative drug ETFs also saw significant inflows, with the Hong Kong Stock Connect innovative drug ETF from Huatai Fund attracting 0.944 billion yuan [6]. Top Performing ETFs - The top-performing ETFs on November 3 included the China-Korea Semiconductor ETF, which rose by 4.62%, and several others in the photovoltaic and biotechnology sectors, all gaining over 4% [4]. - The leading inflows were recorded in the following ETFs: - Securities ETF: 1.098 billion yuan - Hong Kong Stock Connect innovative drug ETF: 0.944 billion yuan - A500 ETF: 0.914 billion yuan [7]. Broad-Based ETF Performance - Broad-based ETFs experienced significant outflows, with the Shanghai Stock Exchange 50 ETF leading the losses at 1.195 billion yuan [10]. - Other ETFs with notable outflows included the CSI 300 ETF and the CSI 500 ETF, with outflows of 0.656 billion yuan and 0.523 billion yuan, respectively [12]. Recent Trends - Despite the outflows on November 3, the CSI 300 index ETF has seen a total inflow exceeding 7.5 billion yuan over the past five days, indicating a potential recovery trend [13].

Core Points - China has decided to extend the visa exemption policy for citizens of France and other countries until December 31, 2026 [1] - From November 10, 2025, to December 31, 2026, Sweden will also be included in the visa exemption policy [1] - Citizens holding ordinary passports from the listed countries can enter China for business, tourism, family visits, exchanges, or transit for up to 30 days without a visa [1] Country List - The countries included in the visa exemption policy are: France, Germany, Italy, Netherlands, Spain, Switzerland, Ireland, Hungary, Austria, Belgium, Luxembourg, Australia, New Zealand, Poland, Portugal, Greece, Cyprus, Slovenia, Slovakia, Norway, Finland, Denmark, Iceland, Monaco, Liechtenstein, Andorra, South Korea, Bulgaria, Romania, Croatia, Montenegro, North Macedonia, Malta, Estonia, Latvia, Japan, Brazil, Argentina, Chile, Peru, Uruguay, Saudi Arabia, Oman, Kuwait, and Bahrain [2]

Group 1 - The core incident involves a dog attack where a Corgi was injured after a confrontation with a leashed dog, leading to a violent reaction from the Corgi's owner [1] - The local government has initiated an investigation into the incident, with both police and administrative enforcement agencies involved [1] - The public is urged to treat animals kindly and to practice responsible pet ownership [2]

Core Viewpoint - The article highlights the strong performance of brokerage stocks in the A-share market, driven by better-than-expected Q3 earnings and the Shanghai Composite Index breaking the 4000-point barrier, indicating a bullish market trend [3][4][6]. Group 1: Brokerage Stock Performance - On October 29, brokerage stocks collectively surged, with Huazhang Securities hitting the daily limit and Northeast Securities rising by 9.7% [4]. - As of October 28, 14 brokerages reported Q3 earnings, with 13 comparable brokerages' net profits totaling approximately 467.26 billion yuan, a year-on-year increase of 46.42%, reflecting a high-growth trend [5][6]. - The strong performance of brokerage stocks is attributed to the positive market sentiment as the Shanghai Composite Index approaches the critical 4000-point level [5][7]. Group 2: Market Outlook - Analysts from various institutions express optimism about the brokerage sector, citing it as a "relatively undervalued" asset with high year-on-year growth [6]. - The current capital market environment is seen as favorable, with policies aimed at attracting long-term funds and enhancing market activity, which could lead to strategic opportunities for brokerages [6]. - The overall market is expected to continue its upward trend, supported by strong earnings, favorable policies, and increased market activity, with a focus on leading brokerages excelling in retail and institutional business [6][9]. Group 3: Index Performance - The Shanghai Composite Index successfully crossed the 4000-point mark, closing at 4002.83, with a 0.37% increase, while the Shenzhen Component Index and the ChiNext Index also saw significant gains [7]. - The trading volume in the Shanghai and Shenzhen markets reached 1.42 trillion yuan, an increase of 719 billion yuan from the previous trading day, indicating heightened market activity [7]. Group 4: Future Trends - The market is believed to be in the second phase of a bull market, with continued inflow of incremental capital and a balanced market style [9][10]. - The macroeconomic environment is supportive of emerging growth sectors, with expectations for a shift towards large-cap growth styles in the medium term [10].