文 | 霞光社 李小天 "在国内舆论场看似'悄无声息'的背后，实则是中企扎根中东本土、默默深耕的上升期。" 蓝色光标沙特国家经理刘丹如，在与霞光社的交流中如是说道。 的确，相比较前两年，中企蜂拥而上、接踵而至的热度与盛况，刚刚过去的2025年，中东在出海赛道的声量有所回落。与此同时，拉美市场风头正劲 —— Keeta 强势进军巴西、Temu 访问量反超美客多等动态频出，持续吸引行业目光。 但中东在国内舆论场的日趋"低调"，不代表其发展按下暂停键 —— 相反，诸多实质性进展正在悄然发生。 普华永道 2025 年调研数据提供了有力佐证：近九成受访中资企业计划进入或继续深耕中东市场，其中 44% 已制定详细商业计划，这一比例较 2022 年提高 了 7 个百分点。从经营成果来看，40% 的受访企业实现盈利，较 2022 年大幅提升 9 个百分点，而亏损企业占比降至 15%；超三成企业的中东业务收入占整 体收入比例达 20% 以上，这一占比也较 2022 年提高 8 个百分点。 数据直观印证：中东市场已步入精耕细作的"静默增长期"。 对此，卡塔尔投资局大中华区总监司君桀在与霞光社的交流中谈到，中国企业在海湾地区的落地 ...

数据宝统计，截至14:09，汉得信息成交额36.24亿元，创2025年3月14日以来新高。最新股价上涨 7.93%，换手率18.62%。（数据宝） （文章来源：证券时报网） ...

财通资管科技创新一年定开混合（009447）成立日期2020年7月10日，最新规模6.53亿。今年以来收益 49.79%，同类排名1207/8155；近一年收益49.79%，同类排名1207/8155；成立以来收益77.87%。 财通资管科技创新一年定开混合（009447）基金经理为邓芳程、包斅文。 1月5日，泛微网络涨5.3%，截至发稿，报56.38元/股，成交1.93亿元，换手率1.35%，总市值146.93亿 元。泛微网络股价已经连续4天上涨，区间累计涨幅8.38%。 资料显示，泛微网络科技股份有限公司位于上海市闵行区三鲁公路3419号泛微软件园，成立日期2001年 3月14日，上市日期2017年1月13日，公司主营业务涉及协同管理软件产品的研发、销售及相关技术服 务。主营业务收入构成为：技术服务63.11%，软件收入-e.cology31.55%，第三方产品3.66%，软件收入- e.office1.54%，其他(补充)0.14%。 从基金十大重仓股角度 数据显示，财通证券资管旗下1只基金重仓泛微网络。财通资管科技创新一年定开混合（009447）三季 度持有股数34.27万股，占基金净值比例为3%，位 ...

卖方将实施重组，以建立目标集团之股权架构。于重组完成后，目标公司将间接全资拥有伊美众。伊美 众拥有接近200名美容中心及医疗美容中心客户(包括智颜希之两间直营分店)，该等客户皆采用其客制 化云端应用程式及配套软件，并拥有近30名客户采用其供开放订阅之软件即服务应用程式。 公司已向联交所申请于2026年1月5日(星期一)上午九时正起恢复股份在联交所之买卖。 智通财经APP讯，中证国际(00943)发布公告，于2025年12月31日(联交所交易时段后)，公司与卖方Elly Beauty Group Limited订立收购协议，据此，公司有条件同意收购，而卖方有条件同意出售(i)销售股权， 即于完成时目标公司Elise Beauty Group Limited全部股权;及(ii)销售贷款，即于完成时目标公司结欠卖方 之未偿还股东贷款总额，总代价为6250万港元，该代价将透过公司按每股代价股份0.1828港元之发行价 向卖方配发及发行合共3.42亿股代价股份之方式予以偿付。 目标集团于完成时将持有伊美众作为主要营运附属公司，伊美众主要从事软件应用程式研发，涵盖中国 广东地区美容行业数位化赋能解决方案及软件即服务应用程 ...

2026.01. 04 跨年之际，多家A股公司却突遭立案。披露显示，2025年12月31日晚间，铂力特、启迪设计均因涉 嫌信披违法违规被立案。在此之前，*ST熊猫（600599.SH）、ST长园（600525.SH）等公司也 被立案。 A股公司接连被调查，是2025年上市公司严监管的写照。第一财经据记者Wind数据梳理，截至 2025年年末，去年全年共有87家A股公司被立案，其中38家为ST公司，占比超四成。立案原因方 面，信披违规是"重灾区"。 从进度来看，38家公司的立案调查结果已出炉，其余49家仍处于被调查中；从行业来看，按Wind行 业分类，这些被立案公司扎堆硬件制造、机械、软件服务行业。 本文字数：2588，阅读时长大约4分钟 作者 | 第一财经 周楠 刚刚进入2026年，就有上市公司要被实施ST。 据得润电子（002055.SZ）最新公告，该公司被查明财务造假，两年半时间里虚构回款累计超5亿 元，导致其多份财报存在虚假记载。最终，公司及相关责任人被罚没逾2000万。 根据安排，得润电子将自1月6日开市起实施其他风险警示，股票简称变更为ST得润。另据披露，同 日，金通灵（300091.SZ）将"披星 ...

Group 1 - The report indicates that long-term foreign capital is actively increasing its allocation in Hong Kong's software services sector [10][11] - In the recent week, stable foreign capital inflow into Hong Kong amounted to HKD 8.3 billion, while flexible foreign capital saw an outflow of HKD 5.9 billion [11] - The report highlights that the software services, telecommunications services, and non-ferrous metals sectors have attracted significant foreign investment recently [13] Group 2 - The report notes that in the Northbound trading, there was an estimated net outflow of CNY 3.1 billion in the recent week, contrasting with a net inflow of CNY 4.8 billion in the previous week [7] - The top active stocks in Northbound trading included Zijin Mining, with a total transaction amount of CNY 7.8 billion, accounting for 12% of the stock's total trading volume for the week [7] - The report also mentions that in the Asia-Pacific market, foreign capital saw a net outflow from Japan amounting to JPY 432.2 billion in the latest week [19] Group 3 - In the U.S. and European markets, there was a net inflow of USD 9.2 billion into the U.S. equity market in November, compared to a net inflow of USD 3.8 billion in the previous month [22] - The report states that European equity markets saw net inflows of USD 0.55 billion, USD 1.17 billion, and USD 1.4 billion into the UK, Germany, and France respectively in November [22] - Cumulatively, since 2020, the U.S. market has seen a total net inflow of USD 691.5 billion [22]

得润电子被查明财务造假，两年半时间虚构回款累计超5亿元，导致其多份财报存在虚假记载。 刚刚进入2026年，就有上市公司要被实施ST。 据得润电子（002055.SZ）最新公告，该公司被查明财务造假，两年半时间里虚构回款累计超5亿元，导 致其多份财报存在虚假记载。最终，公司及相关责任人被罚没逾2000万。 根据安排，得润电子将自1月6日开市起实施其他风险警示，股票简称变更为ST得润。另据披露，同 日，金通灵（300091.SZ）将"披星戴帽"，变更为*ST金灵。 在此之前，2025年年尾，多家A股公司密集披露被立案消息，多因涉嫌信披违法违规，如铂力特 （688333.SH）、启迪设计（300500.SZ）等。刚刚过去的2025年是上市公司监管大年，第一财经记者根 据Wind数据梳理，去年全年共有超80家A股公司、200余名相关责任人被立案调查，其中约四成是ST公 司。 随着立案调查结束，多家公司被查明长期财务造假，并因此吃下大额罚单，部分公司因此走向了退市。 中国政法大学商学院副教授胡历芳告诉第一财经记者，2025年，资本市场监管更趋严格，体现了自去 年"新国九条"以来，证监会所秉承的、一以贯之的严监管思路。 ...

来源：港股第一眼 今日（2026年1月2日），港股市场迎来近13年最强开局。 截至收盘，恒生指数大涨707.93点，以26338.47点报收，涨幅2.76%，创下2013年以来最强开局表现。 2013年1月2日，当时恒指单日大涨2.89%。 此外，恒生科技指数表现更强，截至收盘，恒生科技指数报收于5736.44点，上涨220.46点，涨幅达 4%。 从行业来看，各类行业全线飘红，半导体、国防军工、软件服务、家电领涨。 | | | Wind香港二级行业指数 | | | | --- | --- | --- | --- | --- | | 未曾体 | 国防军工 | 软件服务 | 家电II | 钢铁Ⅱ | | 7.87% | 7.78% | 4.18% | 3.99% | 3.59% | | 可选消费零售 | 有色金属 | 非银金融 | 耐用消费品 | 硬件设备 | | 3.53% | 3.34% | 2.81% | 2.65% | 2.58% | | 建筑 | 交通运输 | 在亚服务 | 环保II | 房地产投资信托 | | 1.12% | 0.80% | 0.78% | 0.74% | 0.66% | | 纺织服 ...

Market Overview - The Hong Kong stock market has experienced its strongest opening in nearly 17 years, with the Hang Seng Index rising by 707.93 points to close at 26,338.47, marking a 2.76% increase, the best performance since 2009 [1] - The Hang Seng Tech Index performed even better, closing at 5,736.44 points, up 220.46 points, a 4% increase [3] Sector Performance - All sectors showed positive performance, with semiconductors, defense, software services, and home appliances leading the gains [5] - Specific sector gains included: - Semiconductors: 7.87% - Defense: 7.78% - Software Services: 4.18% - Home Appliances: 3.99% [6] Key Stocks - Notable stocks in the tech sector included: - Hua Hong Semiconductor and Baidu Group both surged over 9% - NetEase increased by over 6% - Ctrip rose over 5% - Other significant gains were seen in companies like SMIC and Li Auto, both up over 4% [6] Analyst Predictions - Analysts noted that the strong performance of the Hong Kong market was driven by local and foreign funds, despite the absence of southbound capital [7] - DBS Bank predicts the Hang Seng Index could reach 36,500 points in the most optimistic scenario, representing an increase of over 10,000 points from current levels [8] - Morgan Stanley forecasts a target of 34,700 points for the Hang Seng Index by the end of 2026, supported by stable earnings growth and a favorable valuation environment [9] - UBS sets a target of 30,000 points for the Hang Seng Index, driven by continued positive factors from 2025 [11] - JPMorgan anticipates a near 20% increase in the MSCI China Index, supported by stable global economic growth and improved corporate earnings [12] Investment Strategies - Analysts suggest a balanced investment strategy for 2026, focusing on sectors with high dividend yields and growth potential in AI and technology [14] - The focus should be on sectors like insurance, public utilities, and quality bank stocks, as well as traditional industry leaders in steel, machinery, and chemicals [20] - The importance of strategic asset allocation is emphasized to mitigate uncertainties in the global market [21] Market Sentiment - The overall sentiment for the Hong Kong market remains optimistic, with expectations of continued upward momentum driven by favorable domestic and international policies [24] - Analysts highlight the need for careful stock selection and timing in the market, as volatility is expected to persist [16]

Market Performance - The Hong Kong stock market has experienced its strongest opening in nearly 13 years, with the Hang Seng Index rising by 707.93 points to close at 26,338.47, marking a 2.76% increase, the best performance since January 2, 2013 [1] - The Hang Seng Tech Index performed even better, closing at 5,736.44 points, up 220.46 points, with a 4% increase [3] Sector Performance - All sectors showed positive performance, with semiconductors, defense, software services, and home appliances leading the gains [5] - Specific sector gains included: - Defense and military industry: 7.87% - Software services: 7.78% - Home appliances: 4.18% - Consumer discretionary retail: 3.53% [6] Key Stocks - Notable stocks in the Hang Seng Tech Index included: - Hua Hong Semiconductor and Baidu Group, both rising over 9% - NetEase up over 6% - Ctrip up over 5% - Core companies Alibaba and Tencent both up over 4% [6] Analyst Predictions - Analysts noted that the strong performance of the Hong Kong market was driven by local and foreign funds, despite the absence of southbound capital [7] - DBS Bank predicts the Hang Seng Index could reach 36,500 points in the most optimistic scenario, representing an increase of over 10,000 points from current levels [7][8] - Morgan Stanley forecasts a target of 34,700 points for the Hang Seng Index, supported by stable earnings growth and a favorable global economic environment [9][10] - UBS sets a target of 30,000 points for the Hang Seng Index, driven by continued positive factors from 2025 [11] Investment Strategies - Analysts suggest a balanced investment strategy for 2026, focusing on sectors with growth certainty such as AI hardware while maintaining high-dividend assets for hedging [14] - The market is expected to see a second round of valuation recovery, driven by internal and external factors, including policy support and improved corporate earnings [18] - Key investment themes include technology, healthcare, and resource sectors, with a focus on companies with strong earnings visibility and valuation flexibility [18][19]