今天上证指数顽强收出9连阳，表面是风光了。但盘面却给出三个降温信号：商业航天高位分化，电池、资源等前期强势品种集体修复， 强股不再带指数，而是各走各路。 这不是见顶，而是一个典型信号：边际买盘，变犹豫了。 市场今天最被忽略的数据是两点：人民币升值节奏放缓，港股高开低走，恒指收中阴。 港股最懂外资。它先踩刹车，往往意味着年底外资加仓开始算细账了。 再叠加 A500 ETF 持续被盯着，部分资金出现明显的怕曝光、慢出手。 （本图表仅为历史案例展示与教学之用，并非未来走势信号，仅供参考，不构成投资建议。） 拓维信息(研究案例，非投资建议)，今天主要还是消息面刺激，12月27号的消息，华为韩国公司宣布，将于明年在韩国市场正式推出其最 新的人工智能芯片昇腾950，并以此为基础，全面进军韩国A基础设施市场。 结论很清楚：不是没钱，是不急。这意味着动量资金必须集中火力。 于是你会看到：商业航天因IPO政策刺激被反复拥挤，AI板块反而显得不那么亮眼，热门方向开始你进我出、宽幅震荡。 这不是趋势结束，而是超买之后的筹码大换手。 很多人在今天开始慌：是不是要见顶了？但短线冲劲减弱，反而更健康。因为核心筹码并没有松动：AI，人形机 ...

Core Insights - The article highlights a critical period for China's economy as it approaches the end of the "14th Five-Year Plan" and prepares for the "15th Five-Year Plan," with a focus on technological innovation and industrial integration [1] - The A-share market is experiencing a structural rally, with significant growth in sectors such as artificial intelligence, new energy, and high-end manufacturing, as evidenced by the over 35% increase in the ChiNext and Science and Technology 50 indices [1] - The Hong Kong stock market is also seeing a valuation recovery, with the Hang Seng Technology Index rising over 20% this year and net inflows from southbound funds nearing 1.35 trillion HKD [1] - The upcoming "Southern Finance Forum 2025" aims to gather experts to explore consensus and direction for Chinese assets amidst global uncertainties [2][4] Group 1 - The forum will feature over 300 prominent guests, including renowned economists, regulatory representatives, and leaders from investment institutions and enterprises [4] - Key economists such as Liu Shijun, Li Xunlei, and Tian Xuan will participate, providing insights into macroeconomic trends and policy outlooks [4][5] - The event will focus on capturing investment opportunities in a structural market and the interplay between industry and capital [35] Group 2 - The forum will cover various topics, including the impact of AI and new strategies for Chinese enterprises going global, as well as developments in equity investment and ETF models [38] - Influential industry leaders and investors will share practical experiences and trend assessments, particularly in sectors like AI, new energy, and biomedicine [38][39] - The event will also unveil significant research findings and case studies related to high-quality development in China's capital markets [40][41]

Core Insights - The 6th Qingdao Multinationals Summit highlighted Qingdao's commitment to creating a first-class business environment for multinational companies [1] - IBARMIA, a Spanish CNC machine tool manufacturer, chose Qingdao due to its strong manufacturing ecosystem and high-end equipment demand [2] - The collaboration between IBARMIA and Modig Machine Tool exemplifies a successful model of European R&D combined with Chinese manufacturing [3] Company Insights - IBARMIA's operations in Qingdao validate its strategic decision, emphasizing the city's understanding of high-end manufacturing [3] - The confidence to expand production in Qingdao is attributed to the supportive business environment and efficient government policies [4] - IBARMIA envisions Qingdao as a key production base and strategic entry point into the Asian market, reflecting a broader trend of cross-continental industrial collaboration [4]