自"9.24"行情以来，科创综指累计涨幅高达115%，那么，2026年科创综指会如何表现？普通投资者该怎 么规划持仓？易方达科创综指ETF基金经理李博扬表示，明年有不少优质科创板企业排队上市，像国内 存储、机器人龙头都在其中。整体来看，优质新公司纳入能提升指数代表性，叠加流动性与基本面双重 驱动，2026年科创综指大概率是震荡上行走势。 自"9.24"行情以来，科创综指累计涨幅高达115%，那么，2026年科创综指会如何表现？普通投资者该怎 么规划持仓？易方达科创综指ETF基金经理李博扬表示，明年有不少优质科创板企业排队上市，像国内 存储、机器人龙头都在其中。整体来看，优质新公司纳入能提升指数代表性，叠加流动性与基本面双重 驱动，2026年科创综指大概率是震荡上行走势。 ...

2025年初，科创综指正式发布，截至2025年12月31日，科创综指全年上涨46.3%。站在宏观与政策高 度，2026年科创综指的核心支撑力是什么？东吴证券首席经济学家芦哲认为，政策支持、企业盈利改 善、资金配置需求是2026年科创综指的核心支撑力。 2025年初，科创综指正式发布，截至2025年12月31日，科创综指全年上涨46.3%。站在宏观与政策高 度，2026年科创综指的核心支撑力是什么？东吴证券首席经济学家芦哲认为，政策支持、企业盈利改 善、资金配置需求是2026年科创综指的核心支撑力。 ...

在科创板上市公司数量达到600家之际，刻画科创板"全景图"的上证科创板综合指数（下称"科创综 指"）在A股市场的重要性成为一大探讨点。 科创综指是在科创板公司形成一定规模后，于2025年1月20日正式发布的。发布以来至2025年12月31 日，科创综指涨幅达约48%，2024年9月24日以来累计涨幅高达115%。境内已有46家基金管理人推出78 只科创综指指数基金，场内外合计规模达274亿元。 长期以来，市场习惯将上证综指、深证成指、创业板指称为"A股三大指数"，如今随着科创板体量进一 步扩大，科创综指平稳运行，科创综指是否应加入，成为"A股四大指数"之一？ 多位受访人士认为，结合市场规模、行业代表性与指数功能，科创综指已具备与上证指数、深证成指、 创业板指并列成为"A股四大核心宽基指数"的坚实基础，科创综指加入标志着A股指数体系正式形成"全 市场覆盖—精选龙头—板块聚焦"的立体化功能分工，显著弥补了原有体系在科技板块系统性表征上的 结构性空白。 清华大学国家金融研究院院长、清华大学五道口金融学院副院长田轩对第一财经称，科创综指对A股市 场意义重大，进一步完善了A股市场的指数体系，使得不同市场层次、不同行业领 ...

换手率方面，航天环宇换手率为36.11%，位居首位；中科微至换手率为0.17%，位居末位。 个股表现方面，瑞松科技、步科股份、上纬新材、航天环宇涨停，涨幅靠前；佳华科技跌8.10%，跌幅 居首。 成交额方面，寒武纪成交额134.1亿元，位居首位；ST帕瓦（维权）成交额625.1万元，位居末位。 转自：新华财经 新华财经北京12月29日电（胡晨曦）科创50指数12月29日早间微有高开，随后快速冲高，午后指数震荡 下挫，尾盘时一度翻绿，最终微幅收涨。至收盘时，科创50指数报1346.32点，涨幅0.04%，指数振幅为 1.66%，总成交额约584.9亿元。 12月29日，科创综指全日收涨0.23%，收于1638.08点，总成交额约2136亿元。 从盘面来看，剔除停牌的中微公司，科创板其余598只个股涨少跌多，高价股、低价股均多数下跌。细 分领域来看，医疗保健股、半导体股表现活跃，电气设备股、软件服务股跌幅靠前。 经新华财经统计，12月29日，剔除停牌的中微公司，科创板其余598只个股平均涨幅0.06%，平均换手 率2.94%，合计成交额2136亿元，平均振幅为3.84%。 编辑：王媛媛 ...

Core Insights - The article emphasizes the importance of nurturing new productive forces and advancing new industrialization as the main line of economic work in 2025, with policies aimed at promoting the intelligent, green, and high-end transformation of manufacturing [2] Company Overview - Insta360, a company that recently went public on the STAR Market, saw its stock price surge by 276.56% on its first day, achieving a market capitalization of 71.38 billion yuan, which later exceeded 140 billion yuan, placing it among the top tier of hard-tech listed companies [5][6] - The company has shifted its product focus from extreme sports to broader applications such as Vlog and live streaming, showcasing its innovative spirit and commitment to redefining panoramic imaging [6][8] Product Innovation - Insta360's products have evolved significantly since the launch of its Nano panoramic camera in 2016, which was designed to be user-friendly and lightweight, contrasting with traditional bulky devices [5] - The company has introduced advanced features like "shoot first, retrieve later" and intelligent selfie stick hiding technology, enhancing the user experience in various activities [5][6] Market Performance - In Q3 2025, Insta360 reported a revenue of 2.94 billion yuan, marking a year-on-year increase of 92.64%, with a cumulative revenue of 6.61 billion yuan for the first three quarters, reflecting a growth of 67.18% [9] - The company is set to launch a panoramic drone in Q4 2025, which is expected to fill a market gap and create new growth opportunities [9] Strategic Positioning - Insta360 has established a global presence with offices in five major regions and a sales network covering over 60 countries, selling products through major online platforms and retail partnerships [8] - The company aims to transition from a hardware manufacturer to an intelligent imaging platform, integrating AI capabilities into its products [8] Industry Context - The article discusses the broader context of the STAR Market and the significance of the newly launched STAR Index ETF, which aims to capture signals across various technology sectors, particularly in AI and hard technology [11][12] - The STAR Index ETF is designed to provide a diversified investment approach, reducing risks associated with individual stocks while capitalizing on the growth of strategic emerging industries [12]

Group 1 - The Sci-Tech Innovation 50 Index opened slightly lower on September 29, experienced fluctuations, initially dropping about 1.7%, but later rebounded significantly, closing at 1470.41 points with a gain of 1.35% and a total trading volume of approximately 963.0 billion yuan [1] - The Sci-Tech Comprehensive Index rose by 1.18% on the same day, closing at 1690.76 points with a total trading volume of 2402 billion yuan. Excluding suspended stocks, 588 stocks on the Sci-Tech Board mostly rose, with an average increase of 1.36% and an average turnover rate of 3.17% [2] - In terms of individual stock performance, Pinming Technology, Fuke Environmental Protection, and Wanrun New Energy hit the daily limit, while Xinguang Optoelectronics saw a significant drop of 17.56% [3] Group 2 - In terms of trading volume, SMIC had the highest trading volume at 136.3 billion yuan, while *ST Guandian (rights protection) had the lowest at 897.7 million yuan [4] - Regarding turnover rates, Zhongke Lanyun had the highest turnover rate at 22.06%, while Zhongke Weizhi had the lowest at 0.25% [4]

Market Performance - The Sci-Tech 50 Index opened slightly lower on September 12, quickly rose by approximately 2.47%, then gradually narrowed its gains, closing at 1338.02 points with a rise of 0.90% and a total trading volume of about 115.8 billion yuan [1] - The Sci-Tech Comprehensive Index also opened slightly lower, significantly rose before fluctuating, and closed at 1607.12 points with a gain of 0.67%, total trading volume reached approximately 286.6 billion yuan, showing an increase compared to the previous trading day [1] - Nearly 60% of stocks on the Sci-Tech Board closed lower on the same day, with semiconductor stocks leading the gains influenced by the strong performance of Chip Origin Co., Ltd. [1] Weekly Performance - For the week from September 8 to September 12, the Sci-Tech 50 Index increased by 5.48%, while the Sci-Tech Comprehensive Index rose by 4.07%, with the latter reaching a new high for the phase [1] Stock Performance - Chip Origin Co., Ltd. and Jingzhida both hit the daily limit with a 20% increase, while Anbotong experienced the largest decline at 9.30% [2] - Cambrian's trading volume was the highest at 28.695 billion yuan, while *ST Guandian had the lowest trading volume at 688.10 million yuan [3] - Lianyun Technology had the highest turnover rate at 18.95%, while Longteng Optoelectronics had the lowest turnover rate at 0.22% [4]

Group 1 - The Sci-Tech Innovation 50 Index opened slightly lower on August 19, experienced fluctuations, and closed significantly down at 1112.27 points, with a decline of 1.12% and a trading volume of approximately 549.2 billion yuan [1] - The Sci-Tech Innovation Composite Index also saw a downward adjustment, closing at 1445.75 points with a decrease of 0.8% and a total trading volume of 2285 billion yuan [2] - Among the 587 stocks on the Sci-Tech Board, the average decline was 0.2%, with an average turnover rate of 4.31% and an average fluctuation of 4.71% [2] Group 2 - In terms of individual stock performance, Shenlian Bio and Diaomai both hit the daily limit up, while Wei New Materials experienced the largest drop at 12.05% [3] - Cambrian Technology led in trading volume with 100.7 billion yuan, while ST Pava had the lowest trading volume at 1.885 million yuan [4] - In terms of turnover rate, Yingshi Innovation had the highest at 47.14%, while Tianneng Co. had the lowest at 0.27% [5]

Core Points - The Sci-Tech Innovation 50 Index opened slightly lower on August 13, 2025, but experienced a significant increase by the end of the trading day, closing at 1077.70 points with a gain of 0.74% and a trading volume of approximately 477 billion [1] - The overall Sci-Tech Innovation Index also saw an increase, closing at 1402.74 points with a rise of 1.49% and a total trading volume of about 1965 billion, marking a substantial increase compared to the previous trading day [1] - The closing point of the Sci-Tech Innovation 50 Index on August 13, 2025, surpassed its closing point of 1070.45 on July 29, 2025, setting a new high for the period [1] - The Sci-Tech Innovation Index reached a closing point higher than 1391.53 on April 7, 2023, achieving its highest closing since August 19, 2022 [1] Stock Performance - On August 13, 2025, nearly 70% of stocks on the Sci-Tech Board rose, with semiconductor and pharmaceutical stocks showing the highest gains [2] - The average increase for the remaining 588 stocks, excluding suspended stocks, was 1.43%, with an average turnover rate of 3.95% and a total trading volume of 1965.12 billion [2] - Notable performers included Zhongchuan Special Gas, Jinchengzi, Zhongyou Technology, and Shouyao Holdings, which all reached approximately 20% limit up [2] - The stock with the largest decline was Pinming Technology, which fell by 6.84% [2] Trading Volume - The stock with the highest trading volume was Cambrian, with 113.55 billion, while *ST Guandian had the lowest trading volume at 1.31171 million [3] Turnover Rate - Jinchengzi had the highest turnover rate at 34.57%, while Longteng Optoelectronics had the lowest at 0.22% [4]

Market Performance - The Sci-Tech Innovation 50 Index opened flat on August 7, 2023, and experienced a slight decline, closing at 1058.21 points with a drop of 0.15% and a trading range of 1.44% [1] - The overall Sci-Tech Innovation Index fell by 0.36%, ending at 1361.18 points, with a total trading volume of 172.9 billion yuan [1] Stock Performance - Among the 588 stocks on the Sci-Tech board, excluding the suspended stock Jin Chengzi, most stocks declined, with semiconductor and healthcare stocks showing strong performance, while chemical and biopharmaceutical stocks had the largest declines [1] - Notable individual stock performances included Sainuo Medical and Dongxin Co., which hit the daily limit up, while Yuancheng Technology saw a significant drop of 7.86%, marking the largest decline [2] Trading Volume and Turnover Rate - The stock Cambrian Technology had the highest trading volume at 7.69 billion yuan, while ST Pava recorded the lowest at 1.006 million yuan [3] - Yitang Co. led in turnover rate at 31.49%, while Tianneng Co. had the lowest turnover rate at 0.19% [4]