Report Summary 1) Report Industry Investment Rating No information provided on the industry investment rating in the report. 2) Core Viewpoints - The convertible bond market showed positive trends on September 12, 2025, with more than half of the industries rising and the valuation increasing. The trading sentiment in the convertible bond market also heated up, and small - cap growth stocks were relatively dominant [1]. - The central price of convertible bonds increased, while the proportion of high - price bonds decreased. The overall valuation of convertible bonds rose, with the conversion premium rate of various types of convertible bonds increasing [2]. 3) Summary by Related Catalogs Market Overview - Index Performance: The CSI Convertible Bond Index rose 0.17% month - on - month, while the Shanghai Composite Index, Shenzhen Component Index, ChiNext Index, and Shanghai 50 Index all declined. The CSI 1000 Index rose 0.31% [1]. - Market Style: Small - cap growth stocks were relatively dominant. Among them, small - cap growth stocks rose 0.32%, while large - cap growth and value stocks declined [1]. - Capital Performance: The trading volume in the convertible bond market reached 82.886 billion yuan, a 7.82% increase month - on - month. The total trading volume of the Wind All - A Index was 2.548312 trillion yuan, a 3.40% increase. The net outflow of main funds from the Shanghai and Shenzhen stock markets was 37.278 billion yuan, and the yield of the 10 - year Treasury bond decreased by 0.73bp to 1.87% [1]. Convertible Bond Price and Valuation - Price: The weighted average closing price of convertible bonds was 131.41 yuan, a 0.17% increase. The proportion of high - price bonds (above 130 yuan) decreased by 0.29pct, and the proportion of bonds in the 110 - 120 yuan range increased by 1.0pct. There were no bonds with a closing price below 100 yuan [2]. - Valuation: The conversion premium rate of 100 - yuan par - value convertible bonds was 29.94%, a 0.38pct increase. The overall weighted par value decreased by 0.52%. The conversion premium rates of all types of convertible bonds (including partial - equity, partial - debt, and balanced) increased [2]. Industry Performance - Stock Market: Among A - share industries, the top three decliners were communication (-2.13%), beauty care (-1.52%), and banking (-1.52%); the top three gainers were non - ferrous metals (+1.96%), real estate (+1.51%), and steel (+1.41%) [3]. - Convertible Bond Market: 18 industries in the convertible bond market rose. The top three gainers were environmental protection (+2.86%), non - ferrous metals (+1.51%), and communication (+1.37%); the top three decliners were machinery and equipment (-2.08%), media (-1.56%), and agriculture, forestry, animal husbandry, and fishery (-0.48%) [3]. - Different Industry Indicators: In terms of closing price, large - cycle industries rose 0.89%, while manufacturing industries declined 0.22%. In terms of conversion premium rate, all industries increased to varying degrees. In terms of conversion value, large - cycle industries rose 0.87%, while manufacturing industries declined 1.60% [3].

最新一期金融数据发布。9月12日，人民银行官网发布2025年8月金融统计数据报告，2025年8月末，广义货币（M2）余额331.98万亿元，同比增长8.8%，比 上年同期高2.5个百分点；社会融资规模存量433.66万亿元，同比增长8.8%，比上年同期高0.7个百分点。人民币各项贷款余额269.1万亿元，同比增长6.8%， 贷款利率保持在历史低位水平。 专家评价，行业景气恢复、出口延续韧性、暑期消费旺季、房地产支持政策等因素，为8月信贷增长提供了支撑。当前，我国金融总量已经很大，在保持总 量合理增长的同时，更需要优化结构。未来，货币政策重点要在优化结构方面下功夫。 | | | | 中国人民银行 THE PEOPLE'S BANK OF CHINA | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 信息公开 | 新闻发布 | 法律法规 | 货币政策 | 宏观审慎 | 信贷政策 | 金融市场 | 金融稳定 | 调查统计 | 银 | | | 金融科技 | 人民币 | 经理国库 | 国际交往 | 人员招录 | 学 ...

（原标题：300379，涉嫌触及重大违法强制退市情形！本周大牛股揭晓） 今日（9月12日），三大股指集体收跌，收盘上涨个股超1900只，其中收盘股价涨停的有74只。 从一周表现来看，三大指数均上扬，沪指本周累计上涨1.52%，深证成指累计涨2.65%，创业板指累计涨2.1%。 一周牛熊股出炉：4股累计涨幅均超52% 晚间重要公告 据证券时报·数据宝统计，个股方面，本周超3500股上涨，21股涨幅超30%。其中，涨幅最大的是香农芯创，本周累计上涨71.74%；首开股份、淳 中科技、青山纸业本周累计涨幅均在52%以上。 本周涨超30%的个股中，按所属行业统计，计算机和电子行业个股居多，均有3股上榜；其次是传媒、房地产、汽车、机械设备行业，均有2股上 榜。 本周累计下跌的个股中，59股跌幅在10%以上，宏裕包材、安正时尚、华光环能和中环海陆等8股累计均跌超20%。 一周龙虎榜：8股获机构大手笔净买入 龙虎榜数据显示，本周机构专用席位共现身120股的龙虎榜，净买入54股，净卖出66股。其中，40股获机构净买入超千万元，均胜电子、浙海德曼 等共8股获机构净买入金额超1亿元。 统计显示，机构本周龙虎榜现身个股中，有48股 ...

盘后数据出炉。 沪深300今日主力资金净流出185.06亿元，创业板净流出189.48亿元。 | | | 各板块最近五个交易日主力资金净流入数据(亿元) | | | --- | --- | --- | --- | | 日期 | 沪深300 | 创业板 | 科创板 | | 2025-9-12 | -185.06 | -189.48 | -2. 08 | | 2025-9-11 | 96. 73 | 104. 83 | -39.52 | | 2025-9-10 | -0. 46 | -11. 20 | -3. 52 | | 2025-9-9 | -198. 11 | -274. 85 | -1.83 | | 2025-9-8 | -128. 23 | -168. 23 | 18. 08 | | | | 尾盘资金净流入数据(亿元) | | | 000E_0_47 | CV FG- | -71 06 | 0 04 | | 2025-9-12 | -31. 43 | -24. 06 | 0. 01 | | --- | --- | --- | --- | | 2025-9-11 | 21. 10 | 31. 68 | - ...

Core Viewpoint - The company, Jietao Holdings (00064.HK), has announced the acquisition of ten apartments located in Hong Kong for a total consideration of HKD 108 million [1] Group 1: Acquisition Details - The buyer, Jietao International Limited and Jietao (Yinji) Wine Industry Limited, both wholly-owned subsidiaries of the company, entered into a provisional sale and purchase agreement with the seller, Hong Kong Railway Limited [1] - The properties acquired are situated at 5B Phase II, 6G, 7G, 8G, 9G, 10G, 11G, 18G, 19G, 20F, and 21F on Xiangye Road, Huangzhukeng, South Island, Hong Kong [1]

新京报贝壳财经讯 9月12日，海口市住房和城乡建设局官微披露，近日，有群众反映，海口市住宅与房 地产信息网中存在二手房价格显示异常及信息更新不及时等问题。海口住建局立即组织核查整改。 公告显示，目前，海口住建局已暂时关闭海口市住宅与房地产信息网"二手房挂牌"模块，并启动系统优 化工作，将加入自动校验机制，加强二手房价格信息审核，及时更新房源信息。系统优化完善后，将尽 快重新上线该模块，为广大群众提供更优质便捷的服务。 对此，海口住建局表示，其将高度重视，举一反三，全面排查整治网站管理漏洞，加快功能优化与升 级，欢迎社会各界监督。 编辑 寇德娜 校对 陈荻雁 ...

盘后数据出炉。 今日（9月12日），A股市场走势分化。截至收盘，上证指数报3870.6点，下跌0.12%；深证成指报12924.13点，下跌0.43%；创业板指报3020.42点，下跌 1.09%。两市合计成交25209.25亿元，较上一交易日增加832.07亿元。 1.两市主力资金净流出超370亿元 今日沪深两市主力资金开盘净流出120.57亿元，尾盘净流出58.33亿元，两市全天主力资金净流出372.78亿元。 | | | 沪深两市最近五个交易日主力资金流向情况(亿元) | | | | --- | --- | --- | --- | --- | | 日期 | | 净流入金额 开盘净流入 | 人探史期赋 | 超大单净买入 | | 2025-9-12 | -372. 78 | -120. 57 | -58. 33 | -211. 27 | | 2025-9-11 | 103.09 | -124.72 | 60. 54 | 260.09 | | 2025-9-10 | -12.94 | 33.44 | -19. 17 | 45. 21 | | 2025-9-9 | -505. 34 | -132.50 | -2 ...

（文章来源：证券时报网） 市场表现方面，上述低价股中，今日上涨的有20只，涨幅居前的有香江控股、荣盛发展、盈新发展，分 别上涨10.11%、10.06%、4.68%。下跌的有6只，跌幅居前的有*ST高鸿、*ST元成、ST岭南，跌幅分别 为4.55%、4.32%、2.99%。（数据宝） 低价股排名 | 代码 | 简称 | 最新收盘价（元） | 日涨跌幅（%） | 日换手率（%） | 市净率（倍） | 行业 | | --- | --- | --- | --- | --- | --- | --- | | 000851 | *ST高鸿 | 0.63 | -4.55 | 18.65 | 1.65 | 通信 | | 600200 | *ST苏吴 | 1.00 | 3.09 | 4.37 | 0.40 | 医药生物 | | 000656 | *ST金科 | 1.41 | -2.76 | 2.52 | | 房地产 | | 600157 | 永泰能源 | 1.49 | 2.76 | 5.33 | 0.69 | 煤炭 | | 601005 | 重庆钢铁 | 1.50 | 3.45 | 4.35 | 0.81 | 钢铁 | | 6 ...

Market Overview - The Shanghai Composite Index fell by 0.12% on September 12, with 9 out of the 28 sectors rising, led by the non-ferrous metals and real estate sectors, which increased by 1.96% and 1.51% respectively [2] - The communication and comprehensive sectors experienced the largest declines, with drops of 2.13% and 1.95% respectively [2] Capital Flow Analysis - The net outflow of capital from the two markets reached 53.64 billion yuan, with 6 sectors seeing net inflows [2] - The non-ferrous metals sector had the highest net inflow of capital, totaling 2.168 billion yuan, while the construction and decoration sector saw a net inflow of 721 million yuan [2] Real Estate Sector Performance - The real estate sector rose by 1.51% with a net capital inflow of 204 million yuan, comprising 100 stocks, of which 89 rose and 11 fell [3] - Notable stocks with significant net inflows included China Fortune Land Development (3.25 billion yuan), Vanke A (2.61 billion yuan), and Shoukai Co. (1.63 billion yuan) [3] Top Gainers in Real Estate - The top gainers in the real estate sector included: - China Fortune Land Development: +9.95%, 9.57% turnover, 325.11 million yuan inflow - Vanke A: +1.61%, 3.31% turnover, 261.09 million yuan inflow - Shoukai Co.: +9.98%, 11.64% turnover, 162.70 million yuan inflow [4] Top Losers in Real Estate - The top losers in the real estate sector included: - Wantong Development: -5.95%, 20.71% turnover, -860.21 million yuan outflow - Wolong New Energy: -8.29%, 16.71% turnover, -89.14 million yuan outflow - Poly Development: -0.64%, 2.44% turnover, -80.62 million yuan outflow [5]

Market Overview - A-shares experienced a slight decline with major indices showing a cautious sentiment, while the Hong Kong market continued its strong performance, with the Hang Seng Index reaching a new high [1][2] - The upcoming Federal Reserve meeting and domestic economic data releases are expected to influence market dynamics, particularly in the cyclical sectors [1][2] A-share Performance - The Shanghai Composite Index closed at 3870.60 points, down 0.12%, while the Shenzhen Component and ChiNext Index fell by 0.43% and 1.09%, respectively [2] - The total market turnover increased to 2.55 trillion yuan, with a net outflow of 37.28 billion yuan from main funds, indicating a rotation of funds within the technology sector [2] Hong Kong Market Performance - The Hang Seng Index rose by 1.16% to 26388.16 points, marking a weekly increase of 3.82%, driven by technology and biopharmaceutical sectors [2] - The Hang Seng Technology Index increased by 1.71%, with significant net inflows from southbound funds [2] Industry Trends - A-shares displayed characteristics of "cyclical revival and technological differentiation," with resource sectors and policy-sensitive industries leading the gains [3] - The non-ferrous metals sector rose by 1.96%, supported by expectations of Federal Reserve rate cuts and a rebound in commodity prices [3] - The storage chip sector continued its strong performance, with a 5.04% increase in the storage index, driven by improved supply-demand dynamics [3] Underperforming Sectors - Defensive sectors in A-shares, such as liquor and banking, faced downward pressure due to cautious consumption data expectations and concerns over narrowing interest margins [4] - In the Hong Kong market, consumer and technology sub-sectors showed mixed performance, with Apple-related stocks weakening due to supply chain adjustments [4] Investment Strategy - The investment strategy should focus on "policy dividends, technological transformation, and global pricing power," emphasizing long-term growth assets [5][6] - Key areas of focus include domestic innovation in technology, particularly in semiconductor equipment and AI infrastructure, as well as cyclical commodities benefiting from global economic recovery [5][6] - In the Hong Kong market, a balanced allocation between technology growth and undervalued value stocks is recommended, particularly in AI applications and financial sectors [6]