从外资机构的重仓股数量来看，排名前五的重仓股数量均超过百只，分别是巴克莱银行有限公司重仓629只，瑞士联合银行集团重仓373只，摩根士丹利国际 股份有限公司重仓280只，摩根大通证券有限公司重仓161只，高盛国际（Goldman Sachs International）重仓117只。 A股上市公司中报披露收官后，外资机构二季度末持仓动向也随之浮现。 Wind数据显示，截至今年二季度末， QFII（合格境外机构投资者）合计重仓1145家A股公司，持股市值超1400亿元。 从持仓动向来看，今年二季度QFII新进个股813只，增持个股173只，减持126只个股，还有33只个股的持股数量保持不变。 从重仓股的行业分布来看，二季度QFII对机械、硬件设备、化工、电气设备等板块的调仓动作明显，银行、纺织服装、有色金属等获得增持数量较多，同时 新进了工业贸易与综合、电信服务板块，而煤炭、建材等板块则整体遭到不同程度减持。 QFII新进重仓股超800只 据Wind数据统计，截至今年二季度末，40余家QFII现身1145家A股上市公司前十大流通股东名单中，合计持股数量超过100万股，持仓市值约为1435亿元。 此外，二季度包括 ...

（文章来源：证券日报） 证券日报网讯罗普斯金9月3日在互动平台回答投资者提问时表示，截至8月29日，公司合并普通账户和 融资融券信用账户股东总户数为15，696户。 ...

| 序号 | | | 股东名称 | 持股比例 ⇒ | | --- | --- | --- | --- | --- | | | | | 安徽海螺水泥股份有限公司 | | | 1 | | сойсн | 国有企业 大股东 海螺水泥 (600585.SH) | 95.00% | | | | | 海螺水泥（00914.HK） 霞 | | | | | | 芜湖海螺水泥有限公司 | 5.00% | | | | | 国有企业 | | | 2 | | | | | | | 级 | + | 安徽海螺水泥股份有限公司 | 100% | | | 股 | | | | | | 东 | | | | 企查查APP显示，近日，芜湖白马山海螺新型建材有限公司成立，注册资本8000万元，经营范围包含：水泥制品制造；水泥制品销售；非金属矿物制品制 造；非金属矿及制品销售等。企查查股权穿透显示，该公司由海螺水泥（600585）间接全资持股。 | 企章审传奇 2000年度最高度 1 | 芜湖白马山海螺新型建材有限公司 | | (x) 查一下 | | --- | --- | --- | --- | | 基本信息 9 | 法律诉讼 | 经营风险 | 经营信 ...

Core Conclusions - The report emphasizes the importance of focusing on low-position elastic sectors during the mid-bull market phase, suggesting that these sectors may experience significant rebounds due to their low valuations, low holdings, and low growth rates [3][14]. - The report identifies a shift in market styles, indicating that while the TMT sector has led the recent market rally, there is potential for growth in previously underperforming sectors as economic conditions improve and policies shift [3][14]. Market Style Discussion - Recent market performance shows that the TMT sector has outperformed, driven by strong fundamentals in AI investments, which are on an upward trajectory globally [3][13]. - The report suggests that mid-bull market sectors are likely to expand, and it is advisable to pay attention to low-position sectors that may benefit from style shifts, particularly those with improving policies or fundamentals [14][15]. - Historical data indicates that the style of leading sectors during the mid-bull market often differs from that of the early bull market, with sectors that performed well initially not necessarily maintaining their momentum [16][18]. Sector Recommendations - Non-bank financials are highlighted as a sector with high certainty of performance improvement and still low valuations [15]. - The military and non-ferrous metals sectors are recommended due to favorable supply-demand dynamics and limited impact from macroeconomic changes [15]. - The media sector is noted for its favorable policy environment and relatively high valuation attractiveness compared to other AI sub-sectors [15]. - Cyclical sectors such as steel, construction materials, and chemicals are expected to benefit from supply-side policies and potential demand-side support, with low valuations making them attractive [15][24]. Style and Sector Analysis - The report discusses the potential for style shifts in the market, particularly as low-valuation sectors may see increased interest from institutional investors due to low holdings and the anticipated shift in market focus [21][22]. - The analysis indicates that sectors currently at low valuations, low holdings, and low growth rates include construction decoration, petroleum and petrochemicals, and real estate, which may present opportunities for recovery [23][24]. Seasonal Trends - The report notes that September typically shows weak seasonal trends for market styles, with a higher probability of style shifts occurring in Q4 [25][26]. - Historical data suggests that while small-cap growth has dominated in August, the likelihood of value styles gaining traction increases as the year progresses into the fourth quarter [26].

伴随A股和港股市场今年以来持续演绎结构性行情，外资机构正通过ETF实现多元化布局，并在多个热 门板块斩获丰厚回报。近日披露的基金半年报数据显示，以巴克莱银行、瑞银为代表的外资机构，不仅 在黄金、创新药、半导体等热门赛道精准布局，更将投资视野拓展至建材、绿电等细分领域，其重仓的 多只主题ETF今年以来贡献了可观的回报率。 重仓多个热门板块 从重仓方向来看，不少外资机构慧眼识牛基，在多只热门主题ETF中收获了不错的回报率。 比如，巴克莱银行就买入了多只牛基。据不完全统计，截至二季度末，巴克莱银行成为31只ETF第一大 持有人。从这些ETF的主题类别来看，巴克莱银行的重仓方向涉及多个热门板块，如黄金股、港股科 技、港股创新药、小微盘、中概互联等。 以平安中证沪深港黄金产业ETF为例，截至二季度末，巴克莱银行成为该ETF的第一大持有人，持有 131.34万份。在去年年末的前十大持有人名单中，尚未出现巴克莱银行的身影。Choice数据显示，截至 9月1日，平安中证沪深港黄金产业ETF今年以来的回报率已超60%。 港股创新药亦是外资青睐的重要赛道。中国证券报记者发现，截至二季度末，华泰柏瑞恒生创新药ETF 的第一大持有人 ...

涨跌 (%) 收盘 指数 1月 名称 (点) 1日 5日 -0.45 8.38 -0.26 上证指数 3828 | 风格指数 (%) | FEE | 近１个月 近６个月 | | | --- | --- | --- | --- | | 大盘指数 | -0.57 | 11.37 | 16 | | 中盘指数 | -2.13 | 13.14 | 17.92 | | 小盘指数 | -2.48 | 9.84 | 16.95 | | 涨幅居前 行业(%) | 바람들 | 近１个月 近６个月 | | | 衣商行II | 2.54 | 0.41 | 14.95 | | 国有大型银行II | 2.11 | 2.82 | 13.82 | | 股份制银行II | 1.95 | -2.3 | 7.84 | | 白色家电 | 1.78 | 2.14 | 2.45 | | 饰品 | 1.66 | 6.96 | 34.32 | | 跌幅居前 行业(%) | MEE | 近１个月 近６个月 | | | 通信设备 | -6.71 | 46.84 | 94.07 | | 其他电源设备Ⅱ | -5.71 | 14.99 | 22.82 | | 元件 ...

债券代码：149505 债券简称：21 冀东 01 债券代码：149636 债券简称：21 冀东 02 浙商证券股份有限公司 关于 唐山冀东水泥股份有限公司公开发行公司债 （关于取消监事会及董事发生变动的事项） 债券受托管理人 （住所：浙江省杭州市五星路 201 号） 二〇二五年九月 重要声明 本报告依据《公司债券发行与交易管理办法》（以下简称《管理办法》）、 《公司债券受托管理人执业行为准则》（以下简称《执业行为准则》）、《唐山 冀东水泥股份有限公司 2020 年面向专业投资者公开发行公司债券之受托管理协 议》（以下简称"《受托管理协议》"）等相关规定及其它相关信息披露文件、 唐山冀东水泥股份有限公司（以下简称"冀东水泥"，"发行人"或"公司"） 出具的相关说明文件以及提供的相关资料等，由本期公司债券受托管理人浙商证 券股份有限公司（以下简称"浙商证券"）编制。浙商证券编制本报告的内容及 信息均来源于唐山冀东水泥股份有限公司提供的资料或说明。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜做出独立判断，而不应将本报告中的任何内容据以作为浙商证券所做承诺或 声明。 一、受托管理债券的 ...

2025年上半年，我国经济运行延续稳中向好态势，国内生产总值66.05万亿元，同比增长5.3%。 内需贡献率近七成，居民收入保持增长。在这样的宏观背景下，A股市场的表现同样引人注目，上市公 司作为经济运行的微观主体，其业绩表现成为宏观向好的有力印证。 总的来看，A股整体营收增速由负转正，归母净利润保持正增长，显示经济复苏基础逐步稳固。 上半年近六成公司营收正增长，超四分之三公司实现盈利，1943家公司营收、净利双增长，民营控股上 市公司盈利水平大幅修复，营收、净利增速分别为4.8%、10%。 而从具体的行业来看，钢铁、软件服务、建材、传媒、半导体、有色金属等行业表现亮眼，净利润增速 均超30%。 0:00 半年业绩总结时间到！不知道各位手中的股票业绩表现如何呢？ 今年的政府工作报告提出，培育壮大新兴产业、未来产业。深入推进战略性新兴产业融合集群发展。 推动商业航天、低空经济、深海科技等新兴产业安全健康发展。在此背景下，相关领域研发投入持续高 位运行。 策划出品:经济政声工作室《经济有数》栏目 21财经工作室 总统筹：祝乃娟 执行统筹:林虹 张星 在多措并举促消费的背景下，我国消费市场呈现多极增长态势。消费品" ...

证券日报网讯9月2日晚间，东鹏控股（003012）发布公告称，截至2025年8月31日，公司通过股票回购 专用证券账户以集中竞价方式累计回购公司股份16，138，600股，占公司目前总股本的1.39%。 ...

Investment Rating - The industry rating is "Outperform the Market" [8] Core Viewpoints - Shanghai has optimized and adjusted real estate policies, allowing eligible families to purchase unlimited properties outside the outer ring and increasing the personal housing provident fund loan limit. The new round of adjustments to existing housing loan rates started on September 1, allowing second-home loans to apply for a rate reduction to the first-home level [3][13] - The report highlights that the real estate market is gradually stabilizing, with policies aimed at boosting demand and supporting market recovery. The continuous decline in commodity housing sales area since the peak in 2021 indicates that the industry is entering a bottoming phase, increasing sensitivity to policy easing [3][13] - The report anticipates that the construction materials sector will benefit from supply-side reforms and a potential turning point in the capacity cycle, driven by lower interest rates and improved purchasing power due to policy support [3][6] Summary by Sections High-Frequency Data - As of August 29, 2025, the national average price of bulk P.O 42.5 cement is 343.4 CNY/ton, a decrease of 0.2% week-on-week and an 8.0% decline year-on-year. The average prices in various regions are as follows: North China 338.8 CNY/ton, Northeast 432.0 CNY/ton, East China 299.0 CNY/ton, Central South 312.3 CNY/ton, Southwest 329.5 CNY/ton, Northwest 395.2 CNY/ton [4][14] - The national glass (5.00mm) ex-factory price is 1152.9 CNY/ton, with a week-on-week increase of 0.4% and a year-on-year decrease of 14.6% [21][24] Sector Review - From August 25 to August 29, the Shanghai Composite Index rose by 0.84%, and the Shenzhen Composite Index increased by 2.11%. The construction materials index rose by 0.14%. Among sub-sectors, fiberglass manufacturing increased by 8.41%, while cement manufacturing decreased by 1.23% [5][56] - The report suggests that the construction materials sector's fundamentals are expected to improve, with a focus on three main investment lines: high-quality companies benefiting from renovation, undervalued stocks with long-term potential, and leading cyclical construction material companies [6][60]