周一（2 月 9 日）大盘量价齐升，震荡上扬。截至收 盘，上证综指收于 4123.09 点，上涨 1.41%；深成指 收于 14208.44 点，上涨 2.17%；科创 50 上涨 2.51%； 创业板指上涨 2.98%，万得全 A 成交额共 22702 亿元， 较前一日略有上升。 行业方面，30 个中信一级行业有全线上涨，其中通信、 传媒及电子涨幅居前 。概念方面，光电路交换机、光 模块及钙钛矿电池等指数表现活跃。 海外市场综述 美国三大股指全线收涨，微软涨超 3% 周一（2 月 9 日），美国三大股指全线收涨，道指涨 0.04%，标普 500 指数涨 0.47%，纳指涨 0.9%。微软涨 超 3%，英伟达涨逾 2%，领涨道指。万得美国科技七巨 头指数涨 1.02%，甲骨文涨超 9%。纳斯达克中国金龙 指数涨 0.12%，万物新生涨超 6%，世纪互联涨近 6%。 新闻精要 量价齐升 震荡上扬 国内市场综述 1. 习近平在北京考察科技创新工作 2. 沪深北交易所宣布优化再融资一揽子措施 3. 公安部环食药侦局下发通知要求 依法严厉打击涉 网食品安全犯罪 4. 外交部回应高市早苗将继续执政，再次敦促日方撤 回高 ...

2月10日早盘，AI产业链方向集体走强，集成电路、云计算等板块活跃。截至午间收盘，上证科创板人工智能指数、中证科创创业人工智能指数均上涨 1.8%，中证人工智能主题指数上涨1.1%。相关ETF受资金关注，Wind数据显示，人工智能ETF易方达（159819）近一周"吸金"超8亿元。 该指数聚焦科创创业人工 智能龙头,由科创板和创 业板市场中50只市值较大 且业务涉及人工智能基础 资源、技术以及应用支持 的股票组成,电子、通信、 计算机行业占比近90%。 截至午间收盘 该指数涨跌 1.8% 科创人工智能ETF易方达 跟踪上证科创板人工智能指数 每日经济新闻 同标的指数中规模居第一 低费率(0.15%+1 该指数覆盖科创板人工智能 龙头,由科创板市场中30 只市值较大目业务涉及人工 智能基础资源、技术以及应 用支持的股票组成,聚焦算 力和应用环节,电子和计算 机行业占比超过85%。 截至午间收盘 该指数涨跌 1.8% ...

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FICC日报 | 2026-02-10 市场压力缓解，股指反弹 市场分析 关注科技。宏观方面，总书记在察看代表性科技创新成果展示时指出，建设社会主义现代化强国，关键在科技自 立自强。要充分发挥我们国家集中力量办大事的优势，把各种优质要素集合起来攻关，加快解决突出短板问题， 实现我们的战略目标。海外方面，哈塞特表示，美国就业增长数据预计将出现放缓，但这并不意味着经济增长势 头减弱，而是反映了劳动力市场结构性变化。1月非农就业报告将于周三公布，市场预计将新增就业约7万人。 指数上涨。现货市场，A股三大指数高开高走，上证指数涨1.41%收于4123.09点，创业板指涨2.98%。行业方面， 板块指数全部收红，通信、传媒、电子、计算机、机械设备行业领涨。当日沪深两市成交额约为2.2万亿元。沪深 北交易所宣布优化再融资一揽子措施，聚焦优质上市公司和科技创新领域，主要举措包括：提高审核效率；修订"轻 资产、高研发投入"认定标准；支持募集资金用于与主业有协同的新产业、新业态、新技术领域；对未盈利上市企 业缩短融资间隔等。海外方面，美国三大股指全线收涨，道指涨0.04%报50135.87点，续创收盘新高。 期指升水。期货市场 ...

证券研究报告 2026.02.07 量化策略 量化策略周报（467）：静观其变 全周回顾：市场有所震荡，食品饮料与纺织服装强势，价值强于成长，贴水低位震荡 1）市场有所震荡：A 股市场在本周有所震荡，表征市场走势的宽基指数均有所下跌，最终沪深 300、中证 500、创业板指在本周涨跌幅分别为-1.33%、-2.68%、-3.28%。 2）食品饮料与纺织服装强势：本周食品饮料与纺织服装行业表现出色，涨幅在所有行业中排在前两 位，其它表现较好的行业还包括银行、电力设备及新能源、交通运输等。而有色金属与通信行业在本 周表现不佳，跌幅在所有行业中排名前两位，其它表现偏弱的行业还包括电子、计算机、传媒等。 3）价值强于成长：本周价值风格的收益强于成长风格，对应国证价值指数全周下跌 0.53%，而国证 成长指数全周下跌 1.99%。根据中金量化风格因子体系，本周表现较好的因子主要包括分红、低换 手、低流动性、低波动等。 4）贴水低位震荡：本周小盘股期指当季合约周均年化贴水震荡收窄。本周五 IH、IF、IC 和 IM 当季 年化基差率分别为-0.4%、-2.1%、-4.7%和-8.0%。IV 情绪指标本周一收盘发出开多仓信 ...

Core Viewpoint - The Hong Kong stock market opened positively on February 10, with major tech stocks showing strength, particularly Kuaishou, Alibaba, and Xiaomi, indicating a strong buying sentiment in the market [1][7]. Group 1: Market Performance - Kuaishou-W rose nearly 4%, while Alibaba-W and Xiaomi Group-W increased by over 2% [1][7]. - Tencent Holdings and Bilibili-W also saw gains, while Meituan-W experienced a slight decline [1][7]. - The Hong Kong Internet ETF (513770) saw its price rise by over 1% at one point, currently up 0.96%, reflecting strong buying interest [1][7]. Group 2: Fund Inflows - The Hong Kong Internet ETF (513770) attracted a total of 227 million yuan in inflows over the past four days [1][7]. - The ETF is designed to passively track the CSI Hong Kong Internet Index, which includes major tech companies [3][9]. Group 3: AI Developments - Recent developments in AI include the anticipated release of Alibaba's Qwen3.5 model, which has generated significant discussion in the global AI open-source community [2][9]. - DeepSeek is set to launch its next-generation AI model, DeepSeek V4, in mid-February, which is expected to catalyze a reevaluation of Chinese technology on a global scale [3][9]. - The competition in AI, driven by large models, is expected to enhance the commercial ROI for domestic AI companies, leading to a revaluation of their stock prices [3][9]. Group 4: ETF Composition - The top ten holdings of the Hong Kong Internet ETF include Alibaba-W, Tencent Holdings, Xiaomi Group-W, Kuaishou-W, and Bilibili-W, collectively accounting for nearly 77% of the ETF [3][10]. - The ETF provides exposure to leading internet platforms that possess AI capabilities, capital expenditure, talent investment, and application capabilities [3][9].

Core Viewpoint - The performance of the Zhuhai-Hong Kong-Macao Greater Bay Area Development Theme Index and its related ETF reflects the overall performance of companies benefiting from the development of the Greater Bay Area, with notable movements in specific constituent stocks [1][2]. Group 1: Index Performance - As of February 10, 2026, the Zhuhai-Hong Kong-Macao Greater Bay Area Development Theme Index (931000) increased by 0.02%, with notable gains from stocks such as Zhaochi Co. (+9.96%) and Mingyang Smart Energy (+1.56%) [1]. - The Greater Bay Area ETF (512970) showed a mixed performance, with a recent price of 1.52 yuan and a cumulative increase of 2.91% over the past week as of February 9, 2026 [1]. Group 2: Liquidity and Trading Data - The trading volume for the Greater Bay Area ETF was reported at 0.00 yuan, with an average daily trading volume of 711,700 yuan over the past month [1]. - The Sharpe ratio for the Greater Bay Area ETF over the past year was 1.41, indicating a favorable risk-adjusted return [1]. Group 3: Drawdown and Fees - The maximum drawdown for the Greater Bay Area ETF year-to-date was 5.52%, with a relative benchmark drawdown of 0.02% [1]. - The management fee for the Greater Bay Area ETF is set at 0.15%, while the custody fee is 0.05% [1]. Group 4: Index Composition - As of January 30, 2026, the top ten weighted stocks in the Zhuhai-Hong Kong-Macao Greater Bay Area Development Theme Index accounted for 44.55% of the index, with China Ping An, Luxshare Precision, and BYD among the leading constituents [2][3]. - The index includes a maximum of 50 Hong Kong market securities, 300 companies from the Shanghai-Hong Kong-Shenzhen market, and 100 mainland market securities, all selected based on their alignment with the Greater Bay Area development theme [2].

Market Performance - The three major indices in the A-share market rose by over 1%, with the Shanghai Composite Index closing at 4123.09, up 1.41% [2] - The Shenzhen Component Index increased by 2.17% to 14208.44, while the ChiNext Index surged by 2.98% to 3332.77 [2] Sector Rankings - The top-performing sectors included Communication (5.17%), Comprehensive (4.70%), and Media (3.50%), while the lowest performers were Oil & Petrochemicals (0.21%) and Food & Beverage (0.37%) [3] - Concept sectors that performed well included Sora Concept (6.07%) and Short Drama Games (5.27%), while the lowest were Combustible Ice (-0.13%) and Horse Racing Concept (-0.03%) [3] Market Outlook - The A-share market showed a strong upward trend, with over 4600 stocks rising, indicating a favorable market sentiment [4] - The government is focusing on promoting effective investment policies, including infrastructure and emerging industries, which is expected to support market growth [4] - The report suggests that A-share valuations remain reasonable, and the medium to long-term market trend is positive, emphasizing the importance of focusing on core assets with solid fundamentals [5]

以下文章来源于深圳微时光 ，作者黄小邪 深圳微时光 . 寻找深圳的每一寸惊喜。 本文来自微信公众号： 深圳微时光 ，作者：黄小邪，题图来自：虎嗅（张一然拍摄） 1月底的一天，华强北赛格康乐市场一间档口内，老板老张将手里的翻译器，凑近身旁的老外耳边， 翻译器用英文重复了他刚刚的话："你手里这个是老款，现在没货了，可以看看这款。"老外点头，又 冲着老张手里的翻译器说了一段英文。 翻译器就是老张的主营产品，这名老外要订购20台翻译器。两人谈妥了价格，但老外没有付款，表 示自己要再转转。"他还会回来的"，老张笃定地说。 眼下，就连华强北的摊贩、摩的佬，也能说出不少做老外生意的细节。"老外爱吃哈密瓜、草莓、菠 萝、桑葚这些，反正酸的他就不吃"，一个卖甘草水果的男人说。"黑人老是搞价钱，你说你不拉，他 还非要坐"，街口的摩的佬吐槽。 在华强北，老外都在买什么？ 做外贸生意的Allen将华强北街头的老外分为三类：一类为了商务考察或选品，一类是到广东出差或 旅游，把华强北作为观光购物点，还有一类以来自广州的背包客为主。 "现在很多老外也喜欢货比三家。"Allen说。他在深圳做过七年外贸工作，去年注册了外贸公司做电 子产品出口 ...

Group 1 - Vietnam's GDP is projected to grow by 8.02% year-on-year in 2025, demonstrating resilience amid a global economic downturn [1] - The total import and export volume for Vietnam is expected to increase by 18.2% year-on-year in 2025, exceeding $930 billion, maintaining a trade surplus for several consecutive years [1] - The manufacturing sector, particularly in electronics and textiles, is rapidly developing, positioning Vietnam among the top twenty trading nations globally [1] Group 2 - The service sector is projected to grow by 8.62% in 2025, contributing 51.08% to Vietnam's GDP, driven by a significant increase in international tourist arrivals [2] - Vietnam is expected to receive over 21.2 million international tourists in 2025, a 20.4% increase year-on-year, marking a historical high [2] - The government is implementing policies to diversify export markets and reduce reliance on traditional markets in Europe and the US, encouraging industries to explore emerging markets in India, Africa, and Latin America [2]