Market Performance - The A-share market indices continued to rise, with the Shanghai Composite Index achieving a 13-day consecutive increase, reaching a 10-year high [1] - As of the market close, the Shanghai Composite Index rose by 1.5% to 4083 points, the Shenzhen Component Index increased by 1.4%, and the ChiNext Index rose by 0.75% [1] - The total market turnover was 2.83 trillion yuan, an increase of 265 billion yuan compared to the previous trading day, with over 4100 stocks rising [1] Sector Performance - The brain-computer interface sector saw significant gains, with stocks like Sanbo Brain Science, Weisi Medical, and Chengyitong hitting the daily limit [1] - Titanium dioxide companies collectively announced price increases, leading to a surge in the titanium dioxide sector, with Anning Co. and Vantone Co. hitting the daily limit [1] - Insurance stocks remained active, with Xinhua Insurance rising over 6% [1] - The aircraft carrier concept stocks also performed well, with companies like Beifang Navigation and Haige Communication hitting the daily limit [1] - Brokerage stocks rose, with Huashan Securities and Hualin Securities hitting the daily limit [1] - Other sectors with notable gains included under-screen photography, phosphorus chemicals, and small metals [1] Declining Sectors - The CPO concept experienced a downward trend, with Huilv Ecology falling over 7% [1] - The beauty and personal care sector declined, with Jiaheng Jiahua dropping nearly 9% [1] - Other sectors with significant declines included F5G concept and noise control [1] Recent Trends - The top sectors by net capital inflow over the past five days included petrochemicals, precious metals, and brokerages, with respective increases of 4.93%, 4.65%, and 4.15% [2] - Other sectors showing positive trends included power generation equipment and aerospace military industry, with increases of 3.88% and 3.78% respectively [2]

来源：滚动播报 高盛将欧洲保险板块评级从"增持"下调至"中性"。 ...

五家保险巨头总市值合计34454.67亿元。 继2026年首个交易日，保险板块以6.17%的涨幅问鼎A股申万二级所有行业的首位之后，1月6日，保险 股再度集体"暴走"。截至午间收盘，中国平安（601318.SH）、新华保险（601336.SH）、中国太保 （601601.SH）均已创下历史新高。 第一财经注意到，不少机构预言2026年保险股将代替银行股，成为长期稳健资金入市最重要的方向。 其中，中国平安午间收盘报74.16元/股，涨2.49%，盘中最高价为74.88元/股。值得注意的是，中国平安 的后复权盘中最高价达到234.59元，超越了2020年11月30日的盘中高点234.05元，创下历史新高。 所谓后复权，是指保持当前价格不变，将之前的价格进行复权处理，可以看到一只股票从上市以来，包 括分红、送股等因素在内的总体收益表现。 新华保险午盘报收81.66元/股，大涨了7.62%；中国太保报收47.85元/股，涨6.19%，两只保险股均于 2026年连续2个交易日创历史新高。 另外，中国人保（601319.SH）报收9.89元/股，涨4.88%，距离2019年3月8日的历史高点仅一步之遥； 中国人寿（601 ...

Core Viewpoint - The report highlights that joint-stock banks have a higher dividend yield of 5.9% compared to rural commercial banks (4.9%) and city commercial banks (4.7%), indicating their attractiveness in a declining risk-free interest rate environment [1]. Group 1: Dividend Yields and Valuation - Joint-stock banks lead in dividend yield at 5.9%, outperforming rural commercial banks at 4.9% and city commercial banks at 4.7% [1]. - The high dividend and low valuation characteristics of bank stocks are becoming more pronounced, attracting stable capital allocation [1]. - There is potential for some quality banks to show performance elasticity as net interest margins stabilize, regional credit demand rebounds, and non-interest income grows [1]. Group 2: Cash Flow and Market Trends - The cash flow ratio for the industry remains stable, with the cash flow ratio for non-financial A-shares maintaining between 24%-26% in Q1-Q3 2025, close to the peak level in 2021 [1]. - This trend reflects a shift from expansion to prudent management, leading to cash flow accumulation [1]. - However, some dividend asset yields are under pressure due to valuation expansion in a bull market and cash flow contraction, necessitating attention to the profit recovery potential of quality banks [1]. Group 3: Financial ETF and Index - The financial ETF (510230) tracks the 180 Financial Index (000018), which selects representative listed companies from banking, insurance, and securities sectors to reflect the overall performance of quality listed companies in the financial industry [1]. - The constituent stocks of the index possess high market influence and good liquidity [1].

2025年12月29日，河北金融监管局发布批复称，《泰康人寿保险有限责任公司河北分公司关于泰康人寿 保险有限责任公司河北石家庄第二营销服务部变更营业场所的请示》(泰康人寿冀发〔2025〕203号)及 相关材料收悉。经审核，现批复如下： 一、同意泰康人寿保险有限责任公司河北石家庄第二营销服务部将营业场所变更为：河北省石家庄市中 山东路303号云瑧金陵世贸广场酒店14楼1402。 二、泰康人寿保险有限责任公司应按照有关规定及时办理变更及许可证换领事宜。 ...

Group 1 - The core viewpoint of the news is that the insurance sector is experiencing a strong start to the year, driven by supportive regulatory measures in Guangdong aimed at fostering high-quality development in the insurance industry [1] - The China Securities Insurance Index (399966) has risen by 3.08%, with significant gains in individual stocks such as Hualin Securities (up 9.99%) and Hu'an Securities (up 9.99%) [1] - The Guangdong Financial Regulatory Bureau has issued guidelines to promote the establishment of private equity investment funds by insurance companies, encouraging long-term investments in sectors like integrated circuits, artificial intelligence, low-altitude economy, and biomedicine [1] Group 2 - Open Source Securities indicates that the individual insurance channel is under pressure due to multiple factors, but there is potential for marginal improvement in 2026, particularly in the bancassurance channel [2] - The long-term interest rates stabilizing and a favorable equity market are expected to benefit the net assets and profitability of insurance companies, leading to a gradual improvement in valuation towards 1x PEV [2] - The top ten weighted stocks in the China Securities Insurance Index account for 64.71% of the index, with major companies including China Ping An and CITIC Securities [2]

Core Viewpoint - A-shares insurance stocks are performing strongly, with China Ping An's stock price reaching a historical high of 74.88 yuan, resulting in a market capitalization of 1.35 trillion yuan [1] Group 1: Investment Highlights - Dual-wheel strategy builds a competitive moat: The company deepens its "comprehensive finance + medical and elderly care" collaborative model, serving nearly 250 million personal customers, with 63% enjoying medical and elderly care services. The average contract number and AUM significantly exceed those of ordinary customers, with the medical and elderly care ecosystem contributing nearly 70% of the new business value in life insurance, creating a unique competitive barrier [1] - Continuous release of life insurance reform dividends: In the first three quarters of 2025, the new business value of life and health insurance surged by 46.2% year-on-year, with the bancassurance channel growth rate reaching 170.9%. The effectiveness of multi-channel layout is evident; policy continuation rates are steadily improving, and the new business value rate has increased by 9 percentage points, showcasing both quality of profit and growth momentum [1] - Steady improvement in investment capability: The scale of insurance funds exceeds 6.4 trillion yuan, with a comprehensive investment return rate of 5.4% in the first three quarters of 2025, up by 1 percentage point year-on-year. The optimization of equity asset allocation ensures stable long-term investment returns, while real estate risk exposure is gradually being cleared, highlighting the resilience of the balance sheet [1]

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 继昨日A股实现新年"开门红"行情，1月6日沪指再次刷新十年高点，盘中涨幅接近1%。现货指数出 现"破顶"，沪深300、上证50、中证500、中证1000均刷新2025年高点，市场表现价涨量增。行业板块出 现普涨行情，保险、券商"大象起舞"拉动上证50指数站稳3100点，内外盘科技板块同步上涨，脑机接 口、半导体等大幅领涨，叠加贵金属、有色受地缘事件影响延续涨势，中证500和中证1000涨幅居前。 资金来看，昨日两市全天成交2.55万亿，大幅放量5011亿，另外近期人民币不断升值，后续或持续吸引 外资流入。接下来进入年报披露期，持续关注高成长的大科技成长板块，股指短期或偏强震荡。 行业政策持续加码，昨日政策端印发《关于实施绿色消费推进行动的通知》，加快消费模式绿色转型， 在大宗商品消费方面，提及做强汽车产业链，支持发展房车露营、汽车影院、自驾游等新型消费。宏观 方面，短期关注货币政策和财政政策是否进一步宽松。整体来看，春季躁动行情仍需要一定的条件，对 小盘指数而言，需要政策边际放宽流动性；对大盘而言，需要通胀预期的持续改善。 热点栏目 自选股 数 ...

上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 此外，半导体产业链、新能源等板块也表现活跃 ，北方华创盘中股价创历史新高。 今天上午，大金融、资源类周期股联手发力，A股三大股指早盘一度齐涨。 具体看，大金融中，保险板块继续大涨 ，新华保险、中国太保盘中股价再度刷新历史新高。 资源类周期股中，有色金属板块大涨 ，化工、油气开采等板块上涨，紫金矿业、洛阳钼业盘中股价 均创历史新高。万华化学、中国铝业、华友钴业等龙头股也大涨。 新华保险、中国太保、紫金矿业、洛阳钼业、北方华创5只行业龙头股，最新市值均超2000亿元。 其中，紫金矿业A股盘中总市值一度突破1万亿元，上午收盘最新市值为9945亿元。 胜通能源今日复牌，再度涨停，迎来13连板。2025年12月4日以来，该股涨幅达273.19%。 截至上午收盘，上证指数上涨1.14%，深证成指上涨0.81%，创业板指下跌0.04%。逾3600只个 股上涨，其中，107只个股涨停。 有色金属板块大涨 日前，紫金矿业发布2025年度业绩预增公告，预计全年实现归母净利润510亿至520亿元，较上年 同期增加189亿至199亿元，同比增 ...

3. 市场情绪与技术面共振沪指突破4000点后触发程序化交易买盘，融资余额单日增加320亿元至2.49万亿元，杠杆资金加速入场。技术面上，12连阳突破 2015年牛市高点，形成"头肩底"突破形态，吸引技术派资金加仓。 二、结构分化：新经济主导的"慢牛"雏形 A股"十二连阳"创30年纪录：沪指站上4020点，万亿成交背后是牛市序章还是泡沫前夜？ 2026年1月5日，A股市场以一场史诗级的放量上涨震撼全球资本市场。上证指数单日飙升1.38%，强势突破4000点大关并站稳4020点，日线实现罕见的12 连阳，刷新自1992年3月以来最长连阳纪录。沪深两市成交额暴增5000亿元至2.57万亿元，创下近两个月新高。从人脑工程概念股集体涨停到半导体产业 链全面爆发，从保险股创新高到商业航天强势领涨，这场由政策、资金与产业共振推动的行情，正在改写中国资本市场的历史轨迹。 一、现象解码：三重推力铸就"开门红" 1. 流动性宽松与政策红利共振人民币汇率走强至6.96关口，叠加2025年末降准降息政策效应释放，市场流动性环境显著改善。险资"开门红"新增保费超万 亿，叠加A500ETF等宽基产品持续吸金，形成增量资金"双引擎"。央 ...