新京报贝壳财经讯（记者胡萌）2月9日，沪深北三大交易所宣布优化再融资一揽子措施，旨在进一步提 高灵活性和便利度，更好服务科技创新和新质生产力发展。 编辑 岳彩周 校对 穆祥桐 具体有以下4个方面举措：一是进一步支持优质上市公司创新发展；二是更好适应科技创新企业再融资 需求；三是提升再融资灵活性、便利度；四是加强再融资全过程监管。 三大交易所强调，下一步，将按照证监会统一部署，加快推进交易所规则制定修订，抓紧推动典型案例 落地，进一步提高再融资灵活性、便利度，切实提高市场的获得感。 再融资是资本市场投融资功能的重要组成部分，在支持上市公司做优做强、促进资源优化配置等方面发 挥着重要作用。三大交易所均强调，后续工作将突出四大原则：坚持目标导向、问题导向，优化再融资 机制安排，进一步提高再融资审核质效；坚持扶优、扶科导向，对优质上市公司和科技创新公司再融资 作出针对性安排，加大政策支持力度，引导资源加快向新质生产力领域聚集；坚持防风险、强监管，着 力构建活而有序的市场秩序；坚持稳中求进，平稳有序推进一揽子举措落地见效。 ...

Report Industry Investment Rating - Not mentioned in the report Core Viewpoints - By leveraging ETFs, it is convenient to transform quantitative models or subjective viewpoints into practical investment strategies. The report presents several ETF - based strategy indices and tracks their performance and holdings on a weekly basis [12] Summary by Relevant Catalog 1. ETF Strategy Index Tracking - **Overall Performance**: The table shows the performance of various ETF strategy indices last week. The "Huabao Research Small and Large - Cap Rotation ETF Strategy Index" had a weekly return of - 2.57%, a benchmark return of - 1.72%, and an excess return of - 0.85%. The "Huabao Research Quantitative Fire - Wheel ETF Strategy Index" had a weekly return of - 2.71%, a benchmark return of - 1.72%, and an excess return of - 0.99%. The "Huabao Research Quantitative Balance Art ETF Strategy Index" had a weekly return of - 0.44%, a benchmark return of - 1.33%, and an excess return of 0.90%. The "Huabao Research SmartBeta Enhanced ETF Strategy Index" had a weekly return of - 5.17%, a benchmark return of - 1.72%, and an excess return of - 3.45%. The "Huabao Research Hot - Spot Tracking ETF Strategy Index" had a weekly return of - 4.02%, a benchmark return of - 1.56%, and an excess return of - 2.46%. The "Huabao Research Bond ETF Duration Strategy Index" had a weekly return of 0.14%, a benchmark return of 0.14%, and an excess return of 0.00% [13] 1.1 Huabao Research Small and Large - Cap Rotation ETF Strategy Index - **Strategy**: It uses multi - dimensional technical indicator factors and a machine - learning model to predict the return difference between the Shenwan Large - Cap Index and the Shenwan Small - Cap Index. The model outputs signals weekly to predict the strength of the indices in the next week and determines holdings accordingly to obtain excess returns relative to the market [14][3] - **Performance**: As of February 6, 2026, the excess return since 2024 was 27.39%, the excess return in the past month was 1.49%, and the excess return in the past week was - 0.85%. The recent week's return was - 2.57%, the recent month's return was 0.06%, and the return since 2024 was 66.67%. The benchmark (CSI 800) had a recent - week return of - 1.72%, a recent - month return of - 1.43%, and a return since 2024 of 39.28% [14][18] - **Holdings**: As of February 6, 2026, it held 50% of the "CSI 500ETF" (fund code 159922.SZ) and 50% of the "CSI 1000ETF" (fund code 512100.SH) [18] 1.2 Huabao Research SmartBeta Enhanced ETF Strategy Index - **Strategy**: It uses price - volume indicators to time self - built Barra factors and maps timing signals to ETFs based on their exposures to 9 major Barra factors to achieve returns exceeding the market. The selected ETFs cover mainstream broad - based index ETFs and some style and strategy ETFs [17][18] - **Performance**: As of February 6, 2026, the excess return since 2024 was 14.21%, the excess return in the past month was - 3.36%, and the excess return in the past week was - 3.45%. The recent week's return was - 5.17%, the recent month's return was - 4.79%, and the return since 2024 was 53.50%. The benchmark (CSI 800) had a recent - week return of - 1.72%, a recent - month return of - 1.43%, and a return since 2024 of 39.28% [18][19] - **Holdings**: As of February 6, 2026, it held 25.28% of the "Western Capital Growth Enterprise Market Large - Cap ETF" (fund code 159814.SZ), 25.10% of the "Huaxia Science and Technology Innovation Comprehensive Index ETF" (fund code 589000.SH), 24.82% of the "Science and Technology Innovation 50ETF" (fund code 588000.SH), and 24.80% of the "E Fund Science and Technology Innovation and Growth Enterprise Market ETF" (fund code 159781.SZ) [18][21] 1.3 Huabao Research Quantitative Fire - Wheel ETF Strategy Index - **Strategy**: It starts from a multi - factor perspective, including the grasp of medium - and long - term fundamental dimensions, the tracking of short - term market trends, and the analysis of the behaviors of various market participants. It uses valuation and crowding signals to indicate industry risks and multi - dimensionally digs potential sectors to obtain excess returns relative to the market [21][4] - **Performance**: As of February 6, 2026, the excess return since 2024 was 48.59%, the excess return in the past month was 5.45%, and the excess return in the past week was - 0.99%. The recent week's return was - 2.71%, the recent month's return was 4.02%, and the return since 2024 was 87.87%. The benchmark (CSI 800) had a recent - week return of - 1.72%, a recent - month return of - 1.43%, and a return since 2024 of 39.28% [21][23] - **Holdings**: As of February 6, 2026, it held 20.66% of the "E Fund Securities and Insurance ETF" (fund code 512070.SH), 20.05% of the "Steel ETF" (fund code 515210.SH), 19.97% of the "Penghua Petroleum ETF" (fund code 159697.SZ), 19.66% of the "Electronic ETF" (fund code 159997.SZ), and 19.65% of the "Chemical Industry ETF" (fund code 159870.SZ) [26] 1.4 Huabao Research Quantitative Balance Art ETF Strategy Index - **Strategy**: It uses a multi - factor system including economic fundamentals, liquidity, technical aspects, and investor behavior factors to build a quantitative timing system for trend analysis of the equity market. It also establishes a prediction model for the market's small - and large - cap styles to adjust the equity market position distribution and comprehensively obtains excess returns relative to the market through timing and rotation [25] - **Performance**: As of February 6, 2026, the excess return since 2024 was - 8.96%, the excess return in the past month was 2.38%, and the excess return in the past week was 0.90%. The recent week's return was - 0.44%, the recent month's return was - 0.04%, and the return since 2024 was 26.37%. The benchmark (CSI 300) had a recent - week return of - 1.33%, a recent - month return of - 2.42%, and a return since 2024 was 35.34% [25][26] - **Holdings**: As of February 6, 2026, it held 9.11% of the "10 - Year Treasury Bond ETF" (fund code 511260.SH), 6.50% of the "500ETF Enhanced" (fund code 159610.SZ), 6.26% of the "CSI 1000ETF" (fund code 512100.SH), 32.94% of the "Guotai CSI 300 Enhanced ETF" (fund code 561300.SH), 22.64% of the "Policy - Financial Bond ETF" (fund code 511520.SH), and 22.55% of the "Haifutong Short - Term Financing ETF" (fund code 511360.SH) [28] 1.5 Huabao Research Hot - Spot Tracking ETF Strategy Index - **Strategy**: It uses strategies such as market sentiment analysis, industry major event tracking, investor sentiment and professional opinions, policy and regulatory changes, and historical deduction to track and dig hot - spot index target products in a timely manner, constructing an ETF portfolio that can capture market hotspots in time to provide investors with references for short - term market trends and help them make more informed investment decisions [28][5] - **Performance**: As of February 6, 2026, the excess return in the past month was 2.05%, and the excess return in the past week was - 2.46%. The recent week's return was - 4.02%, the recent month's return was 1.15%. The benchmark (CSI All - Share Index) had a recent - week return of - 1.56% and a recent - month return of - 0.90% [28][31] - **Holdings**: As of February 6, 2026, it held 41.13% of the "Huitianfu Non - Ferrous Metals ETF" (fund code 159652.SZ), 23.13% of the "Bosera Hong Kong Stock Dividend ETF" (fund code 513690.SH), 18.44% of the "E Fund Hong Kong - Stock Connect Pharmaceutical ETF" (fund code 513200.SH), and 17.30% of the "Haifutong Short - Term Financing ETF" (fund code 511360.SH) [31][32] 1.6 Huabao Research Bond ETF Duration Strategy Index - **Strategy**: It uses bond market liquidity indicators and price - volume indicators to screen effective timing factors and predicts bond yields through machine learning. When the expected yield is below a certain threshold, it reduces the long - duration positions in the bond investment portfolio to improve the portfolio's long - term returns and drawdown control ability [32] - **Performance**: As of February 6, 2026, the excess return in the past month was 0.29%, and the excess return in the past week was 0.00%. The recent week's return was 0.14%, the recent month's return was 0.76%, the return since 2024 was 9.76%, and the return since its establishment was 23.95%. The benchmark (ChinaBond Aggregate Index) had a recent - week return of 0.14%, a recent - month return of 0.47%, a return since 2024 of 3.26%, and a return since its establishment of 7.55% [32][33] - **Holdings**: As of February 6, 2026, it held 50.03% of the "10 - Year Treasury Bond ETF" (fund code 511260.SH), 24.99% of the "Policy - Financial Bond ETF" (fund code 511520.SH), and 24.98% of the "5 - to 10 - Year Treasury Bond ETF" (fund code 511020.SH) [32][35]

2月9日，沪深北交易所宣布优化再融资一揽子措施。再融资是资本市场的重要基础制度，在支持上市公 司做优做强、促进资源优化配置等方面发挥着重要作用。这一轮优化，释放出3个信号。 信号一：扶优、扶科的政策导向突出 沪深北交易所本次推出的4方面举措中，有2项重点围绕进一步支持优质上市公司创新发展和更好适应科 技创新企业再融资需求。 在加大对优质上市公司再融资支持方面，沪深北交易所明确，对经营治理与信息披露规范，具有代表性 与市场认可度的优质上市公司，优化再融资审核，进一步提高再融资效率。 南开大学金融发展研究院院长田利辉认为，对于优质上市公司再融资，重点关注募投项目的必要性和融 资规模的合理性，有利于进一步提高审核精准性。这将快速响应优质上市公司特别是科技创新公司再融 资需求，加大政策支持力度。 业内预计，这将缩短优质上市公司再融资的时间周期，有利于企业抢抓市场机遇，进一步做优做强，也 有利于引导市场资源加快向新质生产力领域聚集。 与此同时，支持优质上市公司将募集资金用于与主营业务有协同整合效应的新产业、新业态、新技术领 域，用于符合新质生产力发展的第二增长曲线业务。 为更好适应科创企业再融资需求，沪深北交易所优化再 ...

三是提升再融资灵活性、便利度。 上市公司披露再融资预案时，应简要披露前次募集资金使用情况以及下一步使用计划，申报时前次募集资金使用进度 原则上应当达到基本使用完毕的标准。明确已在定期报告等信息披露文件中披露且事实未发生变化的内容，再融资申报材料可以直接引用。优化再融资简 易程序负面清单。 四是加强再融资全过程监管。 压严压实上市公司信息披露第一责任人和中介机构"看门人"职责，建立交易所再融资预案披露工作机制，严防上市公司"带 病"申报再融资。督促引导上市公司在披露再融资预案后，及时决策，及时申报。完善再融资预案公告要求，对于以取得上市公司控制权为目的的锁价定 增，上市公司及发行对象应当公开承诺在批文有效期内完成发行。加强募集资金监管，严肃惩处违规变更募集资金用途、擅自延长临时补充流动资金期限 等情形。加大事中事后监管力度，从严处理再融资违法违规行为。 2月9日，沪深北三大交易所集体宣布优化再融资一揽子措施。具体措施如下： // 上交所 // 一是进一步支持优质上市公司创新发展。 对经营治理、信息披露规范，具有代表性与市场认可度的优质上市公司，优化再融资审核，进一步提高再融资 效率。过程中，将坚持优中选优、宁缺 ...

今天，日本众议院选举结果落地，日经225指数一度大涨5.1%至56999.60点；摩根大通则将2026年底日 经225指数目标从60000点上调至61000点。在股市狂欢的同时，汇市却进一步走低。瑞穗证券预测，高 市早苗的胜选将推动美元兑日元汇率从155-160区间上移至160-165区间。日本股涨汇跌的背离格局进一 步凸显。这一现象并非偶然，而是政策导向、盈利逻辑与宏观风险博弈的集中体现。与日本相同的是韩 国，同样股涨汇跌。日韩作为外向型经济体，股汇背离有着共性逻辑：美联储高利率与两国宽松货币政 策（日本 0.75% 韩国2.5%）形成持续利差，海外资本大规模套息交易盛行压制本币，而汇率贬值又增 厚了跨国企业汇兑收益，支撑股市走强。还有一个背离则是经济"冷"与股市"热"的核心背离。韩国去年 四季度GDP意外萎缩；日本去年三季度经济也一度意外萎缩，从安倍政府时期开始推行的超常规货币政 策（实际负利率）引发通胀上行，但却未能激活经济动能，且付出财政赤字扩大、深陷流动性陷阱等代 价。因此，相比股市的上涨，如何确保经济增长才是各国头疼的问题。 今天，日本众议院选举结果落地，日经225指数一度大涨5.1%至56999 ...

Group 1 - The announcement states that CITIC Securities Co., Ltd. will provide primary market-making services for the Guotai Securities Shanghai Stock Exchange Science and Technology Innovation Board 200 Exchange-Traded Open-Ended Index Securities Investment Fund (referred to as 科200GT, fund code: 589220) starting from February 10, 2026 [1] - The decision aims to enhance the market liquidity and stable operation of the 科200GT fund [1] - The announcement is in accordance with the relevant regulations outlined in the Shanghai Stock Exchange's self-regulatory guidelines for fund market-making services [1]

上证公告（基金）【2026】307号 特此公告。 上海证券交易所 2026年02月09日 为促进华夏中证农业主题交易型开放式指数证券投资基金（以下简称农业，基金代码:516810）的 市场流动性和平稳运行，根据《上海证券交易所基金自律监管规则适用指引第2号——上市基金做市业 务》等相关规定，本所同意光大证券股份有限公司自2026年02月10日起为农业提供主做市服务。 ...

Group 1 - A-shares experienced a broad-based rally, with approximately 4,400 stocks rising and only about 700 declining, indicating a strong market sentiment [1] - The market's trading volume reached 2.2 trillion, reflecting a healthy balance between volume and price despite a slight decrease compared to previous levels [1] - The technology sector, particularly semiconductor and hardware stocks, saw significant gains, with some stocks like Tianfu Communication rising by as much as 20% [1] Group 2 - Certain sectors such as mining, energy metals, and traditional Chinese medicine showed weaker performance, with banking stocks rising only 0.58% and securities stocks up 0.93%, underperforming the broader market [2] - The market is exhibiting a festive atmosphere ahead of the Spring Festival, with expectations for a "red envelope" market rally being fulfilled [2] - The Shanghai Composite Index closed above the 4,100-point mark, indicating a potential for continued upward movement, although future performance may be characterized by small fluctuations rather than large swings [3] Group 3 - The rebound in U.S. tech stocks is seen as more of a corrective move, with the Dow Jones reaching a historic high while the Nasdaq's increase is viewed as a reflection of concerns over the disproportionate returns on tech investments [3] - Future market operations should focus on timing, with a particular emphasis on the performance of large-cap stocks compared to tech stocks, which may face earnings verification pressures post-Spring Festival [3]

上海证券交易所 2026年02月09日 为促进华泰柏瑞中证全指自由现金流交易型开放式指数证券投资基金（以下简称现金基金，基金代 码:563390）的市场流动性和平稳运行，根据《上海证券交易所基金自律监管规则适用指引第2号——上 市基金做市业务》等相关规定，本所同意国泰海通证券股份有限公司自2026年02月10日起为现金基金提 供主做市服务。 特此公告。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 上证公告（基金）【2026】301号 ...

特此公告。 上海证券交易所 2026年02月09日 上证公告（基金）【2026】298号 为促进鹏华上证科创板50成份增强策略交易型开放式指数证券投资基金（以下简称科创增强，基金 代码:588460）的市场流动性和平稳运行，根据《上海证券交易所基金自律监管规则适用指引第2号—— 上市基金做市业务》等相关规定，本所同意国泰海通证券股份有限公司自2026年02月10日起为科创增强 提供主做市服务。 ...