智通财经APP获悉，中邮证券发布研报称，预计2026年保险行业新增入市资金或将超过2万亿元，险资 对于可提供4%以上股息率的红利资产需求将逐步上行，经营稳健的国有大行作为高分红确定性标的， 吸引力将持续凸显;各省市经济活力、信用资产质量将成为推动各地银行业绩分化的重要因素。建议关 注区域经济增速禀赋突出、信用资产质量较为扎实的区域及当地银行。 (2)行业核心政策导向 央行等部门加强对于银行净息差关注呵护，预计银行业净息差收窄幅度将显著压缩;政策层面将继续通 过贷款贴息、新型政策性金融工具、银行资本补充政策等手段提供支持;重点产业链技术攻关的科技金 融支持政策将进一步完善。 (3)2026年盈利能力展望 企业贷款投放有望同比多增、成为信贷增长的核心主导;零售信贷边际改善仍需观察增收入、扩消费、 提高养老金等相关政策力度，全年信贷总量扩张延续放缓态势;净息差有望进一步筑底企稳，预计净息 差进一步收窄空间在5BP以内，2026年有望成为银行息差底部;随着政策继续支撑，银行中收表现有望在 居民财富管理结构调整迁移中通过以量补价实现回升;债市全年或以小范围区间震荡行情为主，其他非 息收入贡献占比或下行。 (4)2026 ...

Market Performance - The Shanghai Composite Index experienced fluctuations and approached 4100 points, with the ChiNext Index rising over 1% and more than 2500 stocks in the A-share market showing gains [1] - By the midday close, the Shanghai Composite Index increased by 0.29% to 4095.54 points, the Shenzhen Component Index rose by 0.35%, the ChiNext Index gained 0.41%, and the STAR 50 Index climbed 1.13%, with total trading volume across the Shanghai and Shenzhen markets reaching approximately 1.85 trillion yuan [1] Sector Analysis - Weak performance was noted in sectors such as oil, brokerage, banking, and liquor, while strong gains were observed in coal, semiconductors, tourism and catering, insurance, and non-ferrous metals [1] - Active sectors included photolithography machines, storage chips, and rare earth concepts [1] Investment Sentiment - Starstone Investment indicated that current market liquidity expectations are relatively loose, and positive information is driving the spring market rally [2] - Short-term trading sentiment is expected to continue rising, potentially attracting outside capital into the market, with liquidity remaining a key driver of short-term market performance [2] - The National Securities A-share ERP index is at a moderate level, indicating that there is still a significant distance to previous bull market peaks, suggesting a favorable mid-term investment value for equity assets [2] Earnings Outlook - As the spring market unfolds, with the end of January marking the deadline for mandatory disclosure of annual reports, capital may focus on performance expectations, increasing the impact of earnings on market dynamics [2] - From a mid-term perspective, the bottom of corporate earnings is likely to become evident by 2025, with clearer earnings signals expected, leading the stock market to gradually shift towards performance-driven trends [2]

Market Overview - In 2025, the majority of industry sectors in A-shares experienced gains, with non-ferrous metals leading at a 94.73% increase, followed by communications at 84.75% and electronics at 47.88% [1][10] - The A-share market welcomed a strong start in 2026, with the Shanghai Composite Index breaking through the previous high of 4034 points, indicating a bullish trend [2][12] - The total trading volume exceeded 2.8 trillion yuan, reflecting a robust market sentiment and increased participation from investors [2][12] Sector Performance - The insurance and financial sectors were significant contributors to the market rally, with insurance premiums reaching 57.629 billion yuan in the first 11 months of 2025, marking a 7.6% year-on-year increase [7][8] - The energy metals, solar equipment, and wind power sectors showed strong activity, driven by ongoing global initiatives towards carbon neutrality and supportive government policies [9][10] Investment Strategy - Despite the upward trend, caution is advised as profit-taking may lead to market corrections; investors are encouraged to wait for pullbacks to enter positions [3][11] - The report emphasizes the importance of focusing on companies with strong earnings to navigate market uncertainties, suggesting a preference for sectors like technology (semiconductors, AI) and cyclical industries (solar, chemicals) [3][11]

Group 1: Market Adjustments - On January 6, the China Securities Index Co., Ltd. announced temporary adjustments to the sample of the CSI 1000 and CSI 500 indices, effective after the market close on January 9 [1][3] - Chip source microelectronics was added to the CSI 500 index, while Mingyue Optical was added to the CSI 1000 index [3] - The stock price of Chip Source Microelectronics rose over 7% during the trading session on January 6, reaching a historical high of 165 CNY per share, and closed at 158.99 CNY, with a market capitalization of 32.1 billion CNY [3] Group 2: Company Performance - For the first three quarters of 2025, Chip Source Microelectronics reported a revenue of 990 million CNY, a year-on-year decrease of 10.35%, and a net loss attributable to shareholders of 10.05 million CNY [3] - The company has a significant amount of inventory and contract liabilities, with 900 million CNY in inventory and 800 million CNY in contract liabilities as of the third quarter of 2025, indicating potential for future growth [4] - The company is focusing on three main areas: photoresist coating and development, single wafer cleaning, and advanced packaging, with strong growth potential supported by its major shareholder [4] Group 3: Market Trends - The A-share market showed increased activity, with the Shanghai Composite Index rising 1.5% on January 6, marking a 13-day consecutive increase and reaching a 10-year high [6] - Analysts predict that the A-share market will continue to experience a slow upward trend, supported by domestic liquidity and policy expectations [6][7] - Key sectors to watch include commercial aerospace, artificial intelligence, robotics, and cyclical sectors like oil and non-ferrous metals [8]

Market Performance - The Shanghai Composite Index rose by 1.14%, reaching a ten-year high, while the Shenzhen Component increased by 0.81% and the ChiNext Index saw a slight rise of 0.04% [1] - Nearly 3,700 stocks in the two markets experienced gains, with a total trading volume of 1.78 trillion yuan [1] Sector Highlights - The brain-computer interface concept continued to show strength, with stocks like Sanbo Brain Science, Meihao Medical, and Innovation Medical hitting the daily limit [3] - The financial sector performed well, highlighted by Huayin Securities reaching the daily limit and both Xinhua Insurance and China Pacific Insurance rising over 6% [3] - The non-ferrous metals sector was active, with companies like Luoyang Molybdenum and Zijin Mining reaching historical highs [3] - The commercial aerospace concept remained active, with Luxin Investment achieving six consecutive daily limits in eight days [3] Adjustments and Declines - The CPO concept faced a decline, dropping 1.31% by the end of trading, with Huigreen Ecology falling by 9.11% and other stocks like Hengdong Light and Huamao Technology also experiencing significant drops [3] - The computing hardware concept saw a downturn, with Huigreen Ecology suffering a substantial decline [3] News and Developments - Tesla China is offering a five-year interest-free financing option for the purchase of Model 3 and Model Y vehicles [3] - Byte's Doubao AI glasses have a planned production of approximately 100,000 units, utilizing Qualcomm's AR1 chip, aimed at experienced Doubao users and not intended for public sale [3] - The main PVC contract saw an intraday increase of over 3%, with a cumulative rise of over 15% since the low point in mid-December last year [3]

2026年1月6日清晨，当投资者打开行情软件时，历史正在屏幕上的K线图中静静流淌。 A股大盘已连续12个交易日收出阳线，追平了2006年和2008年创下的 纪录。 而这一天，市场期待着一项自1993年以来从未有过的成就——13连阳。 | 旅月 | 中概股 | | (Ai) 17 | | --- | --- | --- | --- | | | 695.38 0.78% | | | | 成份股 | | 股吧 | | | 名称 | 最新, | 涨幅↓ | 淵世 | | 贝壳 | 17.110 | 6.54% | 1.051 | | BEKE | | | | | 小牛电动 | 3.330 | 6.05% | 0.191 | | NIU | | | | | 高途 | 2.580 | 5.74% | 0.141 | | GOTU | | | | | 诺机场合报 | 11.210 | 5.46% | 0.58 | | NOAH | | | | | 虎牙 | 3.170 | 4.62% | 0.14( | | HUYA | | | | | 国鼎医药 | 18.090 | 4.39% | 0.76 | | ZLAB | | | ...

Core Viewpoint - Goldman Sachs predicts that the Chinese stock market benchmark index will rise further by 2026, supported by profit growth driven by artificial intelligence and policy measures, although the growth rate will slow compared to last year [1] Group 1: Market Predictions - The MSCI China Index is expected to reach 100 points by the end of 2026, a 20% increase from the end of 2025 [1] - The CSI 300 Index is projected to rise by 12% to 5200 points by 2026 [1] Group 2: Profit Growth Drivers - Profit growth in the Chinese stock market is anticipated to improve from 4% in 2025 to approximately 14% in 2026-2027, supported by the development of artificial intelligence, companies going global, and anti-involution policies [1] - Net inflows from southbound capital are expected to reach $200 billion, potentially setting a new historical high [1] Group 3: Sector Preferences - Goldman Sachs remains optimistic about artificial intelligence-related themes and favors service-oriented consumption within the consumer sector [1] - The firm is particularly focused on the materials sector within the cyclical segment and maintains an overweight view on the insurance sector [1] Group 4: Recent Market Performance - In 2025, the MSCI China Index rose by 23%, and the CSI 300 Index increased by 18%, indicating strong momentum that has continued into the new year [2] - As of early 2026, the CSI 300 Index has risen by 3.5%, reaching its highest level in four years, while the MSCI China Index has increased by 3.4%, outperforming the S&P 500 [2] - Goldman Sachs and other major institutions maintain a positive outlook, reflecting confidence in profit expansion, policy measures, and new growth drivers attracting investors [2]

时光奔涌，岁序更替。 回望2025年，在"服务国家发展大局，守护人民美好生活"的征程中，有这样一群人，以汗水浇灌责任， 用脚步丈量担当。他们有以热血唱响生命赞歌的青年先锋，有扎根乡村的振兴使者，有用专业铸就品质 服务的巾帼力量，更有在平凡岗位上创造不凡的销售精英……他们是中国人寿保险股份有限公司（以下 简称"中国人寿"，股票代码：601628.SH，2628.HK）系统内70多万从业者之一，他们更是一群心中有 责任、胸中有情怀、肩上有担当的"可爱的人"。岁末年初，让我们翻开这群保险人的年度答卷，感受那 份炽热的初心与蓬勃的力量。 生命之光：热血青年的爱心接力 2025年2月14日，一场特殊的"生命接力"在浙江省温州某造血干细胞采集点悄然完成。随着采集工作结 束，金傲然成为温州第129例造血干细胞捐献者。 "当血液流出身体，去往一个陌生生命时，那种'相连感'无比真切。它让我对生命和守护的理解，从概 念变为一种有温度的感知。这份体验也无声地融入我的工作，让我与客户沟通时，那份共情更加自然深 沉。它让我坚信，有些选择能超越言语，为另一个生命注入希望的底色。"金傲然说。 这一年里，她们持续深耕客户服务，一方面针对企业 ...

Core Viewpoint - Manulife Financial's growth-focused innovation strategy emphasizes strong growth potential in its wealth and asset management business in Asia and globally [1] Group 1: Strategic Focus - The company aims to expand its business in Canada and the United States to maintain a diversified and balanced global investment portfolio [1] - Manulife is transitioning to an AI-driven organization with large-scale applications [1] - The company plans to enhance customer health, wealth, and longevity protection through value-added solutions and services [1] Group 2: Financial Outlook - The strategic enhancements are expected to help the company achieve its financial targets for 2027 and strengthen its sustainable long-term growth trajectory [1] - DBS has raised Manulife's target price from HKD 290 to HKD 310 and maintains a "Buy" rating [1]

（中国保险行业协会） 1月6日，大家财险发布公告称，为支持改善资产结构，保持偿付能力充足，加快业务经营转型，公司拟增加注册资本15亿元。本次增资由现 股东大家保险集团有限责任公司以自有资金认缴，增资后公司注册资本将达到人民币55亿元，大家保险集团持股比例100%，保持不变。 | 股东 | 增资前 | 增资前 | 增资额 | 增资后 | 增资后 | | --- | --- | --- | --- | --- | --- | | | 出资额 | 持股比例 | | 出资额 | 投资比例 | | 大家保险集团 有限责任公司 | 400,000万元 | 100% | 150,000万元 | 550,000万元 | 100% | ...