(本文来自第一财经) 恒指强势震荡收涨2.53%，恒生科技指数涨3.34%。科技龙头、半导体、有色、新能源汽车股表现亮 眼，紫金矿业、美团、中芯国际涨超5%。大模型概念股回落，智谱跌23%，MINIMAX跌超13%。 来源：第一财经 ...

公司本次向特定对象发行股票事项尚需通过深交所审核，并获得中国证券监督管理委员会(以下简称"中 国证监会")同意注册后方可实施。最终能否通过深交所审核并获得中国证监会同意注册的决定及时间尚 存在不确定性。 格隆汇2月23日丨通富微电(002156.SZ)公布，公司于近日收到深圳证券交易所(以下简称"深交所")出具 的《关于受理通富微电子股份有限公司向特定对象发行股票申请文件的通知》(深证上审〔2026〕34 号)。深交所根据相关规定对公司报送的向特定对象发行股票的申请文件进行了核对，认为申请文件齐 备，决定予以受理。 ...

港股今日情绪回暖，恒生指数收涨2.53%，恒生科技指数收涨3.34%。盘面结构分化明显，黄金股涨幅 居前，赤峰黄金涨约8%，紫金黄金国际涨约7%。半导体概念、互联网科技股走高，中芯国际、美团涨 超5%，华虹半导体涨超4%。AI大模型、机器人板块回落，智谱跌超22%，MiniMax跌超13%，优必选 跌超2%。 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report This year's Spring Festival holiday had unique advantages, including the longest duration in history and a consumption - stimulating activity. It showed excellent performance in multiple dimensions, especially in travel and consumption. The real - estate market showed signs of hitting the bottom, while the film market was dismal. Overseas capital markets had various trends due to factors like Fed's FOMC meeting minutes, geopolitical conflicts, and AI industry development [2][8]. 3. Summary by Related Catalogs Travel - The Spring Festival travel rush saw a continuous increase in long - distance travel. The total cross - regional passenger flow from February 2nd to 21st this year increased by 5.4% compared to the same period in 2025 and 26.3% compared to 2019, reaching a record high. The number of passengers in various transportation modes increased by about 5% - 6%. The self - driving travel enthusiasm was significantly boosted, with the national population migration scale index from the 15th day of the twelfth lunar month to the fifth day of the first lunar month increasing by 22.2% this year compared to 2025 [3][9][12]. - The difference in growth rates between the data from the Ministry of Transport and Baidu Migration was likely due to statistical methods. The non - operational passenger volume on roads accounted for 81.3% of the total cross - regional passenger flow, indicating that self - driving was the main mode of travel during the Spring Festival [16][17]. Consumption - Retail, catering, and service consumption were active. The average daily sales of key retail and catering enterprises in the first four days of the holiday increased by 8.6% compared to the same period in 2025, higher than the growth rates during the May Day and National Day holidays in 2025. The consumption of domestic tourism on key platforms increased by 4.5% in the first three days of the holiday. The rental car order volume on key platforms increased by 26%, and the north - south cross - region orders increased by 196% [4][19][22]. - The "trade - in" policy continued to release consumer demand. By February 19th, the trade - in of consumer goods benefited 28.88 million people, driving sales of 198.02 billion yuan. Smart devices maintained high growth, and Hainan's duty - free sales increased rapidly [22]. Film Market The film market continued its dismal performance since 2025, hitting a new low in the Spring Festival season in the past 7 years. As of the afternoon of the sixth day of the first lunar month, the cumulative box office of this year's Spring Festival season was 4.91 billion yuan, and it was unlikely to exceed 6 billion yuan. The number of screenings reached a new high, but the number of movie - goers hit a new low, mainly due to the lack of high - quality works [25]. Real - Estate Market The real - estate market showed a weak rebound at the bottom, with first - tier cities having a stronger rebound than second - and third - tier cities. From the first to the fifth day of the first lunar month, the average daily sales volume of commercial housing in 30 large and medium - sized cities was 1.04 million square meters, a 24.9% increase compared to the same period last year. The transaction and listing prices of second - hand houses in January also showed signs of stabilization. If the trend in the past 1 - 2 months continues, the real - estate sales may have hit the bottom [5][29]. Overseas Capital Markets - Most overseas bond yields declined. The 10 - year US Treasury yield adjusted upwards due to the hawkish FOMC meeting minutes and tariff policy fluctuations. European bond markets generally strengthened under the expectation of easing. The 10 - year Japanese government bond yield declined by 10.9bp, while the 10 - year Indian government bond yield increased by 4.8bp [6][32]. - The US dollar index strengthened, and the copper - gold ratio fluctuated weakly. Most overseas commodities rose, with oil and coal prices rising by more than 5%. Precious metals and some agricultural products also had varying degrees of increase [35][37]. - European and American stock markets rose collectively, while Asian stock markets were divided. The US stock market rebounded strongly, and European stock markets followed suit. The South Korean stock market hit a record high, while the Hong Kong and Japanese stock markets were weak. The FTSE A50 index rose 0.3% during the holiday [40].

Group 1 - The report indicates that non-US assets have continued to exhibit a bullish atmosphere during the holiday period, with risk assets strengthening and stock indices in Europe, East Asia, and South America reaching historical highs [3][4][9] - The performance of overseas risk assets suggests that global liquidity remains abundant, with funds flowing into economies and stock markets expected to show marginal changes, making Chinese stocks attractive to global investors [3][9] - The report maintains the view from the previous report that a new upward cycle is anticipated, encouraging investors to regain confidence and prepare for the first wave of the market's rise in the Year of the Horse [3][53] Group 2 - The report highlights that during the 2026 Spring Festival, major stock indices such as the KOSPI in South Korea and the STOXX 600 in Europe reached new highs, with the KOSPI leading with a 5.48% increase [4][8] - Commodity markets showed a broad upward trend, with NYMEX crude oil surging by 5.94% and COMEX silver rising by 8.63%, indicating strong demand in these sectors [4][8] - The report notes that European corporate earnings have exceeded expectations, with the STOXX 600 index's price-to-earnings ratio at 18.3, significantly lower than the S&P 500's 27.7, suggesting a valuation advantage for European stocks [5][8] Group 3 - The report discusses the AI industry, noting that the demand for high-bandwidth memory (HBM) is driven by the need for massive computing power in generative AI and large model training, with Samsung and SK Hynix dominating the global HBM market [9][48] - The report mentions that the performance of the AI sector is expected to continue to improve, with significant revenue projections for companies involved in AI, such as OpenAI, which anticipates over $280 billion in revenue by 2030 [49][51] - The report highlights the advancements in AI models and the competitive landscape, with major companies like Google and Anthropic releasing new models that enhance capabilities in various sectors [48][49]

Group 1 - The core viewpoint of the report highlights the continuous release of catalysts in the domestic and international technology industries during the Spring Festival, including the showcase of humanoid robots and breakthroughs in domestic AI models [1][3] - The first Tesla Cybercab, designed for autonomous taxi services, has officially rolled off the production line, and OpenAI is nearing completion of a funding round expected to raise over $100 billion, potentially valuing the company at over $850 billion [4][21] - Domestic financial data shows a significant narrowing of the PPI decline in January, with expectations for a positive year-on-year change by the third quarter, while M1 and M2 growth rates have rebounded [7][8] Group 2 - Domestic consumption during the Spring Festival saw strong travel demand and high growth in retail and catering, although box office recovery was relatively weak [9][10] - The article emphasizes the importance of service consumption and technological innovation in the economic work meeting speech by President Xi Jinping, with a focus on supporting sectors like tourism, dining, and healthcare [10] - The report indicates that the market may have entered a configuration phase after short-term volatility, with technology and cyclical sectors expected to be the main investment themes moving forward [30][31]

| 整体市场 | | 更新于:02-23 12:11 | | --- | --- | --- | | 恒生指数 | 恒生科技 | 恒生生物科技 | | 27019.21 | 5384.52 | 16217.85 | | +605.86 +2.29% | +173.02 +3.32% | +268.68 +1.68% | | 港股通消费 | 港股红利 | 港股现金流 | | 1724.29 | 2313.71 | 2595.53 | | +24.30 +1.43% | +17.29 +0.75% | +55.96 +2.20% | | 恒生综合指数 | 恒指期货 | 恒生科指期货 | | 4140.72 | 27026 | 2386 | | +89.19 +2.20% | +614 +2.32% | +177 +3.40% | | 香港主板涨跌分布 | | | | 跌564 | | 涨1(日) 3 | 美团涨超6.9%，中芯国际涨4.58%，腾讯控股、阿里巴巴、百度集团涨超3%。 去年四季度以来，恒生科技经历了一轮深度调整。 春节后第二个交易日，港股突然拉升。 恒生科技指数迎来久违的大涨，截至发稿，当日涨幅达3 ...

格隆汇2月23日｜韩国总统李在明和巴西总统卢拉达成了一系列涵盖关键矿产和人工智能等领域的新协 议，同时推动扩大双边合作。这位南美领导人21年来首次对韩国进行国事访问。李在明表示："今天将 被载入史册，标志着我们双边关系向前迈出了新的一步。"两国领导人同意将两国关系提升为"战略伙伴 关系"，并加强在贸易、文化交流和航空等领域的合作。李在明表示："未来两国合作将迈上更高水平， 包括联合研发下一代民用飞机。"峰会结束后，韩国和巴西签署了10份谅解备忘录，涵盖关键矿产和人 工智能等领域。巴西拥有世界第二大稀土储量，而韩国的三星电子和SK海力士则是全球最大的两家半 导体制造商。 ...

2025年的A股走势，如蛇型蜿蜒向上：上证指数站上近十年高位，虽有回调，但未被打断，最终站稳4000点。"看着别人赚钱，我实在是忍不住了。"30岁 的公务员杨琳在2025年10月开立了人生第一个股票账户，将40万元银行存款悉数投入股市，且只布局机器人、人工智能（AI）算力相关的科技类标的。 截至2026年1月中旬，她的账户整体收益达8.3%，浮盈超3万元。 以2024年的"9·24"行情为起点，A股此轮上行趋势已持续约16个月。券商开户大增、基金销售火爆、股票型ETF（交易型开放式指数基金）的日均成交量 不断创新高、市场单日成交额维持万亿元规模渐成新常态、千亿市值公司持续涌现⋯⋯诸多市场信号叠加，让"慢牛"成为市场共识。航天、卫星、半导 体、机器人这些多数人难以深度理解的前沿科技，成了最炙手可热的赛道。 但在蛇年尾声，A股再现小幅震荡，杨琳重仓的5只科技股连续阶段性调整，她先前账面浮赢的3万多元"消失"了，只剩下亏损的蓝色数字。有人亏也有人 赚，"95后"投资者白先生的蛇年投资格外亮眼：凭借多元金融和有色金属板块的轮动操作，他投资股市的全年收益率超140%，浮盈逾15万元。 盈亏之间，万千投资者在追问：202 ...

该行预料，今年首季收入超出正常的季节性水平，达40亿港元，其中半导体解决方案按季升8%，又认 为公司已做好充分准备，实现长期增长，包括CoWoS-L和高频宽内存(HBM)等业务。 该行将公司今年每股盈利预测稍微调整，主要是预料今年首季表现强劲，今年全年收入增长由上年7% 加速至22%，受惠于OSAT业务资本支出的增加，并料其收入增长势头延续至2027年。 智通财经APP获悉，大摩发布研报称，ASMPT(00522)上年第四季收入指引同比升14%至5亿美元，料此 目标可实现。该行将其目标价由100港元上调至120港元，评级为"增持"。 ...