Group 1 - The non-bank sector is leading the market today, with notable gains from Guotai Junan and Xinhua Insurance exceeding 6%, and Dongfang Caifu and China Pacific Insurance rising over 5% [1] - The Hong Kong Securities Index increased by 6.7%, while the CSI All Share Securities Company Index rose by 4.1%, and the CSI 300 Non-Bank Financial Index climbed by 3.9% [1] - The trading volume for the Hong Kong Securities ETF managed by E Fund reached 21.6 billion yuan, making it the top-performing stock ETF for the day [1] Group 2 - According to Founder Securities, the brokerage sector's fundamentals are expected to improve continuously by 2025, with a year-on-year net profit growth of 62% and a 44% increase in main business revenue for the first three quarters [1] - Despite the positive outlook, the sector is currently experiencing "stagnation," with valuations significantly undervalued [1] - Looking ahead to 2026, the return on equity (ROE) for brokerages is anticipated to enter an upward trend, with margin financing and derivatives business becoming key leverage points, and accelerated mergers and acquisitions among leading brokerages expected to enhance industry concentration [1]

当前，全球经济格局风云变幻，叠加境内利率中枢持续下行，保险资金管理面临前所未有的挑战。面对 外部环境不确定性与负债端刚性兑付需求，如何在波动中沉淀价值，打造真正能够穿越周期的"长坡厚 雪"，已成为关乎保险公司可持续发展的关键命题。 近日，复星保德信人寿保险有限公司（下称"复星保德信"）投资团队荣获"2025金牌保险投资团队方舟 奖"，彰显这家合资险企以人才高地铸就专业价值。复星保德信首席投资官邹万红近日表示，保险资金 运用的本质是长期资产与长期负债的匹配，面对宏观环境的不确定，公司更加坚定"以终为始、稳中求 进"的投资理念，着力构建兼具安全性与成长性的"稳健+创新"投资体系。 复星保德信首席投资官 邹万红 以终为始：构建"稳健+创新"金字塔 保险的投资是一门大类资产配置的学问，而非简单的收益追逐游戏。当不确定性成为新常态，对于具有 刚性负债成本要求的保险机构来说，如何坚持正确的投资理念，在不确定中寻找相对确定的投资机会， 既考验投资管理的定力，也考验资产配置的韧性。 从早期的 TMT行业研究到资产管理，再到保险资金的全盘配置，邹万红的投资职业履历横跨证券与保 险两大领域，这种复合背景让他形成了"多维视角、稳健 ...

保险Ⅱ 2026 年 01 月 06 日 投资评级：看好（维持） 行业走势图 数据来源：聚源 -14% 0% 14% 29% 43% 58% 2025-01 2025-05 2025-09 2026-01 保险Ⅱ 沪深300 相关研究报告 《拓宽产品形态和功能，健康险有望 迎来增长新机遇—"健康险高质量发 展意见"点评》-2025.10.8 zhangenqi@kysec.cn 证书编号：S0790125080012 储蓄和保障双重优势，保险占居民理财比重有望持续提升 （1）向后展望，分红险转型增加保险产品吸引力, 养老和健康保障需求持续释 放，大额存单供给进一步收缩，债市波动下，保险产品稳定回报率的性价比优势 继续凸显。在中长期维度，保险资产占居民存款和固收理财类资产比重有望持续 提升，带来保险新单保费和资产规模增速向好，保险行业迎来"黄金发展周期"。 （2）聚焦 2026 年，保险行业负债端看，分红险转型持续见效，个险新单有望企 稳回升，银保渠道在双向奔赴下，头部险企有望延续 2025 年较快增长态势。险 企新单保费增速有望明显扩张，利好险企 NBV 新业务价值增速改善。（3）资产 端看，长端利率中枢稳步 ...

北水抢筹大金融板块。中国平安(02318)、中国人寿(02628)、中金公司(03908)分别获净买入18.4亿、5.88亿港元、1.85亿港 元。消息面上，国金证券发布研报指出，2026年开门红高景气的延续是本轮保险行情持续的重要支撑。从负债端的展望 来看，存款搬家有望驱动新单与NBV双位数正增长，利差继续改善，分红险转型将助推行业市占率进一步提升。该行还 表示，建议继续重点关注春季躁动行情下低估值券商的补涨机会，强烈推荐估值及业绩错配程度较大的优质券商，建议 关注AH溢价率较高、有收并购主题的券商。 智通财经APP获悉，1月6日港股市场，北水成交净买入28.79亿港元，其中港股通(沪)成交净买入9.75亿港元，港股通(深) 成交净买入19.03亿港元。 北水净买入最多的个股是中国平安(02318)、阿里巴巴-W(09988)、中国人寿(02628)。北水净卖出最多的个股是中国移动 (00941)、腾讯(00700)、华虹半导体(01347)。 | 股票名称 | 买入额 | 卖出额 | 买卖总额 | | --- | --- | --- | --- | | | | | 净流入 | | 阿里巴巴-W HK 09 ...

Group 1: Overall Market Performance - As of January 5, 2026, over 280 Hong Kong-listed companies have released annual performance forecasts for the fiscal year ending December 31, 2025, with more than 10 companies providing specific earnings outlooks [1] - The precious metals prices have been rising, leading to generally positive performance in the non-ferrous metals industry, while innovative pharmaceutical companies have also seen significant growth due to increased demand in biopharmaceutical research [1] Group 2: Non-Ferrous Metals Industry - The non-ferrous metals industry is expected to be a major contributor to profits in the Hong Kong market for 2025, benefiting from rising global commodity prices and optimized production capacity [2] - Zijin Mining Group forecasts a net profit of 51 billion to 52 billion yuan for 2025, representing a year-on-year increase of approximately 59% to 62%, with a non-recurring net profit of 47.5 billion to 48.5 billion yuan, up about 50% to 53% [2] - Zijin Mining anticipates production of approximately 90 tons of gold, 1.09 million tons of copper, and 437 tons of silver in 2025, with significant increases in sales prices for these minerals [2] Group 3: Other Non-Ferrous Metals Companies - Zijin Gold International expects a net profit of approximately 1.5 billion to 1.6 billion USD for 2025, an increase of about 212% to 233% compared to the previous year, driven by increased gold production and favorable market conditions [3] - Chifeng Jilong Gold Mining anticipates a net profit of 3 billion to 3.2 billion yuan for 2025, reflecting a year-on-year increase of approximately 70% to 81%, attributed to higher gold production and sales prices [3] Group 4: Innovative Pharmaceuticals and Smart Driving - Innovative pharmaceutical company Baiaosaitu expects a net profit of 135 million yuan for 2025, a year-on-year increase of 303.57%, driven by successful overseas market expansion and growing domestic biopharmaceutical research demand [4][5] - Hesai Technology projects revenue of 3 billion to 3.5 billion yuan for 2025, with GAAP profits of 200 million to 350 million yuan, and Non-GAAP profits expected to rise to 350 million to 500 million yuan, alongside a significant increase in lidar shipments [5] Group 5: Traditional Industries Facing Challenges - Citic Resources anticipates a net profit of approximately 170 million to 230 million HKD for 2025, representing a decline of 60% to 70% year-on-year, primarily due to a significant drop in average selling prices of crude oil and rising raw material costs [6] - New Iron Ore Resources expects a net loss of approximately 2.2 million USD for 2025, attributed to decreased iron ore supply from major suppliers and weakened demand [7]

北京商报讯(记者李秀梅)1月6日，大家财产保险有限责任公司(以下简称"大家财险")公告表示，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，大家财险拟增加注册资本15亿元。本次增资由现股东大家保险集团有限责任公司(以下简称"大家保险集团")以自有资金认缴，增资后大家财险注册资本 将达到55亿元，大家保险集团持股比例100%，保持不变。上述变更注册资本事项待国家金融监督管理总局批准后生效。 ...

Market Overview - A-shares continued to rise strongly, with the Shanghai Composite Index achieving a 13-day winning streak and reaching a 10-year high, closing at 4083.67 points, up 1.5% [1] - The total trading volume in the A-share market exceeded 2.8 trillion yuan, with over 4100 stocks gaining, and more than 140 stocks hitting the daily limit [1] Sector Performance - The insurance and brokerage sectors led the market rally, with New China Life Insurance and China Pacific Insurance both rising over 5% to new highs [2][3] - The brokerage sector saw significant gains, with Huayin Securities and Huaan Securities both hitting the daily limit, and Dongfang Caifu rising nearly 6% [2][3] - The non-ferrous metals sector experienced a collective surge, with stocks like Chang Aluminum and Xiyang Co. hitting the daily limit, and Zijin Mining rising over 6% to a historical high [2][5] Financial Sector Insights - The insurance sector's performance is driven by stable interest rates, with the 10-year government bond yield exceeding 1.8%, supporting the valuation recovery of listed insurance companies [3] - Institutions are optimistic about the insurance sector's growth, particularly in life insurance and non-auto insurance segments, which are expected to see significant profit growth [3] - The brokerage sector is anticipated to benefit from a favorable regulatory environment, with expectations for improved profitability in investment banking, public funds, and overseas business [3][4] Emerging Concepts - The autonomous driving sector showed strong performance, with stocks like Hanxin Technology and Wanjie Technology hitting the daily limit, indicating growing investor interest [7] - Nvidia's release of the Alpamayo series AI models is expected to accelerate the development of next-generation autonomous driving technologies, potentially boosting demand for self-driving taxis [9]

| 国家金融监督管理总局 | | | | 吉林监管局 | | 无障碍浏览 繁 ▽ | | --- | --- | --- | --- | --- | --- | --- | | | | | | | | 请输入您要搜索的内容 ... 0 | | C | 机构概况 - | 新闻资讯 | 政务信息 | 在线服务 互动交流 | | 统计数据 | | 当前位置:首页 > 政务信息 > 行政处罚 > 监管局本级行政处罚 | | | | | | | | 发布时间:2026-01-06 | | 来源:吉林监管局 | 文章类型:原创 | | | 司打印 6 微博 电微信 用更多 | | | | | 行政处罚信息公示表 | | | | | 序 | | 当事人名称 름 | 主要违法违规行为 | 行政处罚内容 | 作出决定 机关 | | | 安盟财产保险 | | 有限公司长春 1 中心支公司及 相关责任人 | 车险业务虚列费 用、虚构保险中介 业务套取费用、未 及时注销个人代理 人执业登记 | 对安盟财产保险股份 有限公司长春中心支 公司警告并合计罚款 34万元。 对胡明明、马继祥警 告并罚款共计9万 JUb | 吉林金融 监管局 ...

Group 1 - The core viewpoint of the article emphasizes the importance of timely and relevant research reports in identifying investment opportunities, particularly in emerging fields like brain-computer interfaces [1] - Neuralink, led by Elon Musk, is set to begin large-scale production of brain-computer interface devices in 2026, marking a significant milestone in the integration of life sciences and information technology [1] - The brain-computer interface sector is experiencing rapid technological advancements and policy support, with expectations for commercialization to expand into AI applications and robotics by 2026 [1] Group 2 - The article highlights five key focus areas for investment as the humanoid robot sector approaches critical production milestones, with supply chains becoming more consolidated [2] - The AI wave is driving significant increases in storage prices, with DRAM prices soaring by 171.8%, while domestic wafer manufacturers are accelerating "domestic substitution" in response to tightening overseas restrictions [2] - New policies in Guangdong are encouraging insurance capital to enter the market, providing a dual boost to insurance stocks through asset and liability management [2] - A major state-owned enterprise has invested 1 billion in Thunderbird Innovation, signaling an imminent explosion in the AI glasses sector [2]

Core Viewpoint - The Hong Kong stock market is experiencing a peak in earnings forecasts for the fiscal year ending December 31, 2025, with significant growth expected in the non-ferrous metals and innovative pharmaceutical sectors due to rising commodity prices and increased demand for biopharmaceutical research [1][2]. Non-Ferrous Metals Industry - The non-ferrous metals industry is projected to be a major contributor to profits in the Hong Kong stock market for 2025, benefiting from rising global commodity prices and optimized production capacity [4]. - Zijin Mining Group expects a net profit of approximately 51 billion to 52 billion yuan for 2025, representing a year-on-year increase of about 59% to 62% [4]. - The increase in Zijin Mining's profits is attributed to higher production volumes and sales prices of gold, copper, and silver [5]. - Zijin Gold International anticipates a net profit of about 1.5 billion to 1.6 billion USD for 2025, an increase of approximately 212% to 233% compared to the previous year, driven by increased gold production and favorable market conditions [6]. - Chifeng Jilong Gold Mining expects a net profit of 3 billion to 3.2 billion yuan for 2025, reflecting a year-on-year increase of about 70% to 81%, primarily due to higher gold production and sales prices [6]. Innovative Pharmaceuticals and Smart Driving - The innovative pharmaceutical sector is also expected to see significant profit growth, with companies like Baiaosaitu forecasting a net profit of 135 million yuan for 2025, a year-on-year increase of 303.57% [9]. - The growth in Baiaosaitu's profits is attributed to successful expansion in overseas markets and the increasing demand for biopharmaceutical research in China [10]. - Hesai Technology projects revenues of 3 billion to 3.5 billion yuan for 2025, with a significant increase in lidar shipments expected to reach 1.2 million to 1.5 million units, representing a year-on-year growth of 139% to 200% [11]. Traditional Industries Facing Challenges - In contrast to the growth in non-ferrous metals and innovative sectors, some traditional industries are experiencing cyclical pressures, with companies like CITIC Resources forecasting a net profit decline of 60% to 70% for 2025 due to falling oil prices and rising raw material costs [14]. - CITIC Resources expects a net profit of approximately 170 million to 230 million HKD, significantly impacted by the decrease in average selling prices of crude oil and the loss of profits from joint ventures [14]. - New Mine Resources anticipates a net loss of approximately 2.2 million USD for 2025, primarily due to reduced iron ore supply and weak demand [14].