此次政策调整后，这部分增量资金将有所减少，对高波动板块如热门题材、小盘股等可能形成短期的资金面压制，面临一定的回调压力。对于依 赖融资资金推动股价的高融资个股而言，保证金比例上调后，新增融资的杠杆倍数从1.25倍降至1倍，投资者需投入更多自有资金才能获得相同 规模的融资额度。 根据Choice数据显示，近1个月融资余额增长在100%以上的高融资个股共有48只(剔除北交所个股)，近1个月融资余额增幅位居前三的分别是星 环科技-U、邵阳液压、美好医疗，同时也包括商业航天热门股：航天动力、金风科技等。另外，在近3个月行情中融资余额环比减少20%以上的 也有85只个股。 （ 点此领取名单 ） 本文首发于公众号"私募排排网"。 （点击↑↑ 上图查看详情 ） 今日午间，沪深北三大交易所同步发布通知，宣布经中国证监会批准，将投资者融资买入证券时的融资保证金最低比例从现行的80%上调至 100%。意味着投资者进行融资交易时需要缴纳更多的自有资金作为保证金。 截至2026年1月13日，A股两融余额已达到2.67万亿元，创下历史新高，相比2024年年末的18541亿元，增加超8000亿元，是市场主要的增量资 金之一；2026年开 ...

Group 1 - The A-share market experienced a high and then a pullback on January 14, with the Shanghai Composite Index closing at 4126 points, down 0.31% [1] - The Shenzhen Component Index rose by 0.56% to 14248 points, while the ChiNext Index increased by 0.82% to 3349 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached approximately 39,415 billion RMB, setting a new historical high [1] Group 2 - The Shanghai and Shenzhen Stock Exchanges, along with the Beijing Stock Exchange, announced an adjustment to the financing margin ratio, increasing the minimum margin for new financing contracts from 80% to 100% [1] - This adjustment aims to moderate market activity and prevent irrational speculation, as indicated by investment advisor Guo Yiming [1] - The internet services sector led the market with a 4.69% increase, outperforming other industry sectors such as software development and cultural media [2]

Group 1 - The company plans to issue convertible bonds to unspecified investors, with a total fundraising amount not exceeding 1.46 billion yuan [1] - The raised funds will be allocated to three main projects: the construction of a smart computing center, the R&D upgrade of the Rich AIBox platform, and the development of enterprise-level AI intelligent agents [1] - The smart computing center construction project will add 12,000 P of computing power services [1]

周三，A股高位盘整，早盘一路上扬收复昨日失地，但午后受突发消息影响，高位出现回调。根据交易所数据，1月14日收盘，上证指数跌0.31%报4126.09 点，深证成指涨0.56%，创业板指涨0.82%，沪深300跌0.4%，科创50涨2.13%。 沪深两市2562股上涨，2494股下跌，127股持平，合计成交额3.94万亿元，再创历史新高，逼近4万亿天量，较前一交易日放量约2904.18亿元。 徐小明提到，对于昨天的回落，当时说无法判定规模，今天上午就基本吃掉了昨天的调整。今天的回落，结论也一样，各周期都没有顶部结构，价格也距离 趋势比较远，无法判定高点，所以无法判定高点的级别，这个回落随时有可能结束。 徐小明认为，市场已经很强了，不能要求其更强了。知足者，常乐。 风险提示：此文章不构成投资建议。股市有风险，投资需谨慎。 股票频道更多独家策划、专家专栏，免费查阅>> 责任编辑：钟离 资金方面，大盘主力资金净流出889.40亿元，互联网服务主力资金净流入67.59亿元居首，其次是软件开发、化学原料、贵金属、综合行业；电网设备主力资 金净流出71.31亿元居首，其次是消费电子、半导体、银行、通用设备。 针对突发调整 ...

Market Overview - On January 14, the A-share market experienced a slight pullback after reaching a high, with the Shanghai Composite Index encountering resistance around 4190 points[2] - The Shanghai Composite Index closed at 4126.09 points, down 0.31%, while the Shenzhen Component Index rose 0.56% to 14248.60 points[7] - Total trading volume for both markets was 39,872 billion yuan, indicating an increase compared to the previous trading day[3] Sector Performance - Software development, internet services, precious metals, and chemical raw materials sectors performed well, while energy metals, insurance, banking, and real estate sectors lagged[3] - Over 50% of stocks in the two markets saw gains, with notable increases in internet services, software development, and cultural media sectors[7] Valuation Metrics - The average price-to-earnings (P/E) ratios for the Shanghai Composite and ChiNext indices are 16.95 times and 52.86 times, respectively, above the median levels of the past three years[3] - The trading volume is above the median of the past three years, indicating a return of market activity[3] Investment Outlook - The market is expected to maintain a slight upward trend, supported by active trading and a decline in domestic risk-free interest rates, which enhances liquidity[3] - Investors are advised to focus on opportunities in software development, gaming, internet services, and computer equipment sectors[3] Economic Indicators - The Consumer Price Index (CPI) showed a slight increase year-on-year in December 2025, indicating marginal improvement in domestic demand[3] - The trend of residents moving deposits to equity markets is providing ample liquidity to the market[3] Risks - Potential risks include unexpected overseas economic downturns, domestic policy changes, and macroeconomic disturbances that could impact recovery[4]

第1笔成交价格为23.27元，成交30.00万股，成交金额698.10万元，溢价率为-11.69%，买方营业部为瑞 银证券有限责任公司上海花园石桥路证券营业部，卖方营业部为国信证券股份有限公司北京分公司。 进一步统计，近3个月内该股累计发生37笔大宗交易，合计成交金额为1.18亿元。该股近5个交易日累计 上涨6.68%，主力资金合计净流出718.62万元。 责任编辑：小浪快报 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！ 1月14日，航天软件收涨1.93%，收盘价为26.35元，发生1笔大宗交易，合计成交量30万股，成交金额 698.1万元。 ...

（文章来源：证券日报） 证券日报网讯 1月14日，北路智控在互动平台回答投资者提问时表示，公司自创立以来重视新技术应用 及研发，2025年前三季度研发费用达1.03亿元，占营业收入比重14.55%，研发团队规模超360人，占员 工总数三分之一以上。已经落地包括DeepSeek-R1等多种智能工具的应用，结合公司软件开发、测试、 应用持续迭代优化。上述应用有效提升了整体研发效率，对降低研发成本及提升公司净利润均产生了积 极影响。 ...

每经AI快讯，星环科技发布异动公告称，公司A股股票连续9个交易日内收盘价格涨幅偏离值累计超过 100%、连续27个交易日内收盘价格涨幅偏离值累计超过200%。公司并不实际开展商业航天业务且与上 海星环聚能科技有限公司无关。公司目前正就AI数据库等相关技术开展前期研发与联合调优，上述工 作尚处于初期探索阶段，相关技术方案、应用场景及市场效益均存在不确定性，暂未对公司业绩产生重 大影响，敬请广大投资者理性看待。 ...

Group 1 - The software development sector increased by 2.96% on January 14, with Keda Guokuan leading the gains [1] - The Shanghai Composite Index closed at 4126.09, down 0.31%, while the Shenzhen Component Index closed at 14248.6, up 0.56% [1] - Notable gainers in the software development sector included Keda Guokuan with a closing price of 52.72, up 20.01%, and Tongda Hai with a closing price of 54.59, also up 20.00% [1] Group 2 - The software development sector saw a net inflow of 1.582 billion yuan from main funds, while retail investors contributed a net inflow of 598 million yuan [2] - Major stocks like Keda Guokuan and Tianyuan Dike experienced significant net inflows from main funds, indicating strong institutional interest [3] - The overall trading volume in the software development sector was substantial, with Keda Guokuan trading 1.067 million shares [1][2]

因为大量用户在一款名为AlienChat的APP上与AI智能体"聊黄"，APP的主要开发和运营者被追究了刑 责，两被告人犯制作淫秽物品牟利罪，分别获刑四年、一年六个月。日前，上海市徐汇区人民法院的这 则判决引发关注。本案被人视为"AI服务涉黄第一案"，争议焦点包括淫秽色情内容的生产者到底是谁， 用户在APP上与AI聊黄是否有社会危害性等等。被告人的辩护律师告诉南都N视频记者，案件二审于1 月14日下午在上海市第一中级人民法院开庭。 运营不到一年，开发者被抓 南都记者从该案的一审判决书获悉，上海市徐汇区人民检察院指控称，2022年，被告人王利（化名）注 册成立上海某科技有限公司，公司经营范围包括网络与信息安全软件开发、人工智能行业应用系统集成 服务、大数据服务等。 检方透露，2023年5月起，被告人王利、李成（化名）共谋，以公司的名义创建一款名为AlienChat的软 件（下称"AC软件"），在未经安全评估和备案的情况下，违规接入境外大语言模型，向用户提供"聊天 陪伴"服务，并分别在网页端、苹果端和安卓端上架运营。用户在AC 软件注册后，可以自行创建虚拟 角色或者使用他人创建并公开的虚拟角色，通过软件与大语言模 ...