刚刚结束的春节长假，神州大地人潮如织，消费市场人气旺盛。新场景、新风尚、新亮点不断涌现。 新春文旅市场解锁新场景 今年春节，9天假期不仅让人们有了更充裕的时间阖家团圆，也催生了"分段式过年"这一新方式。许多人优先安排家庭团聚，在除夕和初一守岁迎新后， 再与家人共同踏上新年旅程。除了"分段式过年"，"反向过年"也成为今年春节一道特别的风景。"接父母来工作的城市一起团圆"，成为越来越多家庭的做 法，这进一步带动文旅消费升温。 春节期间反向飞往"北上广深" 旅客中18%为50岁以上人群 其中 60岁 及以上旅客同比增长超一成 除夕前一日 (2月15日) "北上广深"酒店 60岁 以上旅客入住量 较2月14日大涨 6 与2025年春节假期首日相比增长 54% "到中国过春节"成为新风市 春节期间 在华游玩时长4-7天的外国游客 人数同比增长了 停留7天以上的外国游客人数 同比增长了 今年春节，不少外国游客选择到中国过年，感受中国传统文化。从一线城市到特色目的地，从经典打卡到文化沉浸，外国游客纷纷来中国开启"寻找年味 儿"之旅。北京针对外国游客推出10条精品"入境游"线路，串联天坛、鼓楼等热门景点，外国游客可以观赏非遗 ...

格隆汇2月24日｜美股科技七巨头中有六只在盘前交易中上涨，仅特斯拉盘前跌0.77%。纳斯达克指数 期货从周一因担忧人工智能工具颠覆性影响而引发的抛售中反弹。 ...

（原标题：法国荣获2026戛纳狮子国际创意节"年度创意国家"称号） 第73届戛纳狮子国际创意节（Cannes Lions International Festival of Creativity）近日宣布，法国将荣获 2026年度"年度创意国家"（Creative Country of the Year）称号。该奖项每年颁发一次，旨在表彰在推动 社会进步与经济增长方面，持续展现卓越创造力与长期承诺的国家。 此次法国获选，体现了其在广告、时尚、工艺、科技、文化与商业等多个领域长期深耕创意的成果。从 引领现代设计潮流的艺术运动，到定义全球高端生活方式的奢侈品牌，创造力早已成为法国的国家理 念，深度融入社会、文化与商业体系之中。 LIONS首席执行官西蒙·库克表示，法国拥有卓越的创意产出和深厚的文化积淀。自2020年以来，法国 政府已向超过2万家创意企业投资100亿欧元，其文化与创意产业年营收达920亿欧元。在戛纳国际创意 节的全球舞台上，法国长期位列获奖表现前十，2024年更高居第四位。自1984年起，戛纳成为该盛会的 永久举办地，法国独特的文化精神也早已融入这一全球创意盛典的基因之中。 作为表彰的一部分，202 ...

Market Overview - On the first trading day after the resumption of Northbound trading, Hong Kong's three major indices collectively declined, with the Hang Seng Index falling below the 27,000 mark, closing down 1.82% or 491.59 points at 26,590.32 points, with a total turnover of HKD 250.99 billion [1] - The Hang Seng China Enterprises Index dropped 2.06% to 9,007.86 points, while the Hang Seng Tech Index fell 2.13% to 5,270.70 points [1] Sector Performance - The technology sector remains a long-term investment focus, with valuation pressure easing after recent pullbacks, and potential for rebound driven by accelerated AI model updates and applications [1] - The energy and precious metals sectors are expected to rise amid heightened geopolitical risks in the Middle East and adjustments in U.S. tariff policies [1] - The consumer sector, currently undervalued, is anticipated to have upward potential as consumption policies are strengthened [1] Blue-Chip Stocks - WH Group (00288) led blue-chip gains, rising 4.42% to HKD 10.39, contributing 5.87 points to the Hang Seng Index [2] - Other notable blue-chip performers included Henderson Land (00012) up 2.08% and China Resources Beer (00291) up 2.02% [2] - China Biologic Products (01177) fell 6.58%, negatively impacting the index by 7.48 points [2] Hot Sectors - Major tech stocks faced pressure, with Tencent down over 3% and Alibaba down over 2% [3] - Storage concepts saw significant gains, with Zhaoyi Innovation (03986) up 11.91% and Longsys Technology (06809) up 4.92% [3] - Oil and gas stocks rose amid concerns over escalating tensions in Iran, with Shandong Molong (00568) up 11.41% [4] AI and Technology - The AI sector continues to show promise, with significant growth in token usage, particularly in Chinese models, which account for 61% of the total token volume [5] - The market anticipates ongoing rapid growth in AI applications and commercial viability [5] Film Sector - The film sector faced challenges, with the 2026 Spring Festival box office down approximately 40% year-on-year, indicating a need for improved content quality [6] - Major film stocks like Maoyan Entertainment (01896) and Huayi Brothers (01003) saw declines of 8.18% and 5.26%, respectively [6] Notable Stock Movements - Kwan Hung Holdings (01888) surged 12.37% following a profit forecast indicating a 165% increase in net profit for the fiscal year ending December 2025 [7] - Weichai Power (02338) rose 7.29% after a report highlighted its emergency generator's use in a major data center [8] - China Shipbuilding Defense (00317) reached a new high, up 5.37%, following a significant shipbuilding contract announcement [9] - Standard Chartered (02888) saw a 3.07% increase after reporting a 6% rise in operating income for the fiscal year 2025 [10] - China Duty Free Group (01880) faced a 10.51% drop due to losing some operating rights at major airports [11]

法院刚判定总统没有权力随意加关税，但白宫紧接着发布了新的命令，局势反而变得更加混乱。连自己 人都搞不清楚到底应该听谁的。与此同时，欧洲方面已经签署协议、投入资金，甚至在乌克兰谈判中也 有所退让，但这些努力还没等到落实，就变成了纸上谈兵。2026年2月21日，美国突然宣布将对欧洲的 关税从10%提高至15%，这与前一天还在表示临时优惠的态度截然不同。这显然不是一时的决定，而是 在法院20号裁定总统不能随便动用《国际紧急经济权力法》加税后，白宫连夜起草了新的行政命令，设 定了150天的期限，到期之后问题还得继续拖下去。 欧盟为什么不选择硬刚美国？并非不敢，而是真心困难重重。北约的七成军费依赖美国，美国提供了九 成的乌克兰军火。更何况，欧盟对美出口接近总出口的五分之一，而德国的汽车、法国的红酒等一旦涨 价，美国消费者可能就不再买账，根本无法施加足够的压力。而欧盟去年通过的《反胁迫条例》，到现 在为止，还连一个有效的反制清单都没能完全列出。耶鲁大学的研究表明，如果美国真对德国车加25% 的关税，欧盟每年将损失120亿欧元；而欧盟能够反击的手段，加起来甚至连美国GDP的一小部分都不 及。 然而，欧盟最近的动作越来越迅速 ...

本报记者 吴晓璐 王闯表示，下一步，全国法院将继续围绕金融"五篇大文章"，持续抓好已出台司法建议的落实，制定出台促进金融机构实 质化解纠纷的司法建议，加强对供应链金融、互联网金融、虚拟货币等新型金融案件的研究应对，全面提高金融案件审判质 效，为金融强国建设提供更加有力的司法保障。 （编辑 李家琪） 2025年，全国法院对标大力发展科技金融、绿色金融、普惠金融、养老金融、数字金融"五篇大文章"工作要求，积极以司 法审判职能助力金融强国建设，形成了一批扎实有效的工作成果。 在助力科技金融方面，上海、北京、成渝三家金融法院和深圳金融法庭充分发挥集中管辖、专业审判优势，依法审理科创 板上市公司、创业板上市公司、"专特精新"科技企业涉诉案件，助力科技型成长型企业获得更多的金融支持。上海高院金融庭 向市银行同业公会、市保险同业公会等4家金融行业协会制发《关于综合施策推动科技金融高质量发展的司法建议》，有力助 推上海国际金融中心与上海国际科技创新中心联动发展。 2月24日，最高人民法院举办"人民法院商事审判服务保障经济社会高质量发展情况"新闻发布会，介绍2025年人民法院民 商事审判工作的总体情况、主要举措成效。 在金融审 ...

文三数字街区举办杭州消费"新三样"市集，ROKID智能眼镜销量增长580%，小米AI家电增长 10.8%，机器狗披醒狮衣、财神机器人巡游等"数字+非遗"场景引爆客流。春晚宇树机器人出圈后，文 三数字街区展示厅机器人出租火爆，租赁额增长100%以上。 原标题："新三样"增速抢眼 新场景火爆出圈 春节期间杭州实现消费总金额177.49亿元 "加长版"的春节假期让团圆更久，也让杭州的消费市场"燃"了一把。据"杭州消费在线"监测统计， 春节期间（2月15日—2月22日，共8天），全市批发、零售、餐饮、住宿、娱乐五大行业消费总金额为 177.49亿元，同比增长（下同）7.6%。其中，零售金额97.99亿元，增长8.7%；餐饮消费38.45亿元，增 长15.0%。全市消费市场呈现"总量攀升、结构优化、亮点纷呈、保供有力"的良好态势。 春节期间，绿色、智能、健康类产品销售增速显著，成为今年春节消费市场的"新三样"。 各地紧扣"马年"主题，深挖文化底蕴，打造文商旅融合新场景。拱墅区大运河杭钢公园"马力全 开"活动日均入园超2万人次，增长超700%；建德严州古城"青春版"虾灯巡游，接待游客24.6万人次，增 长22.65%；余 ...

Core Viewpoint - The Hong Kong stock market experienced fluctuations and declines due to the Chinese New Year holiday, with a recommendation to focus on sectors such as precious metals, energy, consumer, and technology for potential investment opportunities [1][5]. Market Performance - The Hong Kong stock market had only two trading days during the week (February 16 to February 20), with the Hang Seng Index falling by 0.58%, the Hang Seng Tech Index down by 2.78%, and the Hang Seng China Enterprises Index decreasing by 0.81% [2]. - Among the primary industries, eight sectors rose while three fell, with energy, materials, and industrial sectors showing the highest gains of 3.65%, 2.27%, and 1.03% respectively. Conversely, consumer discretionary, consumer staples, and communication services sectors faced declines of 1.86%, 1.50%, and 0.13% respectively [2]. Market Liquidity - Due to the holiday, the Hong Kong market had a half-day trading session on February 16, with a trading volume of HKD 85.056 billion. On February 20, the trading volume was HKD 165.461 billion, lower than the previous week's average of HKD 240.643 billion [3]. - Short selling amounted to HKD 23.727 billion, representing 14.43% of the total, significantly higher than the previous week's average of 12.56% [3]. - Over the past week, there was a net inflow of USD 321 million from active foreign funds and USD 697 million from passive foreign funds into Hong Kong stocks, both lower than the previous week's inflows [3]. Valuation and Risk Appetite - As of February 20, the Hang Seng Index had a PE ratio of 12.09 and a PB ratio of 1.23, which are at the 79% and 55% percentile levels since 2010 [4]. - The 10-year U.S. Treasury yield rose by 4 basis points to 4.08%, with the risk premium for the Hang Seng Index at 4.19%, positioned at the 5% percentile since 2010 [4]. - The AH share premium index for the Hong Kong-Shanghai Stock Connect decreased by 1.02 points to 116.40, at the 9% percentile level since 2014 [4]. Investment Outlook - The U.S. GDP growth rate for Q4 2025 was revised down to an annualized rate of 1.4%, below the expected 2.5% and the revised 4.4% from Q3 [5]. - President Trump announced an increase in the import tariff on global goods from 10% to 15% [5]. - The report suggests focusing on sectors such as precious metals and energy due to rising geopolitical risks and adjustments in U.S. tariff policies, as well as the consumer sector, which is expected to benefit from increased consumption policies [5]. The technology sector remains a long-term investment focus, with potential rebounds anticipated due to advancements in AI [5].

Core Viewpoint - The A-share market is set to open after the Spring Festival, with investors keenly watching for a "good start" in trading, influenced by the positive performance of the Hong Kong stock market during the holiday period [2] Group 1: Hong Kong Market Performance - The Hong Kong stock market showed a strong performance during the Spring Festival, with the Hang Seng Index and Hang Seng Tech Index experiencing upward trends, while traditional sectors like dairy and media lagged [2][3] - Gold stocks surged due to rising international gold prices, with Zijin Mining up over 8% and Shandong Gold up 7.53% during the holiday [3] - The renewable energy sector also performed well, with companies like Ruipu Lanjun and Ganfeng Lithium seeing significant gains, driven by optimistic forecasts for lithium prices [3] Group 2: Technology Sector Insights - The technology sector, particularly AI infrastructure, saw notable gains, with Longi Green Energy rising over 15% as demand for optical fibers surged due to AI data center construction [4] - Companies in the AI and robotics space, such as MINIMAX and Yujian, experienced substantial increases, reflecting heightened market interest in AI technologies [5] Group 3: Market Outlook Post-Festival - Historical data indicates a 75% probability of the Shanghai Composite Index rising in the five days following the Spring Festival, suggesting a positive market sentiment [9] - Various brokerages have differing views on post-festival investment opportunities, with a focus on technology growth, small-cap stocks, and sectors benefiting from policy changes [10] - The upcoming Two Sessions are expected to catalyze market movements, with infrastructure projects likely to see seasonal opportunities [10][11]

近年来推动大盘屡创新高的"科技七巨头"股票今年表现出现逆转。进入2026年，该集团中除两只股票外 其余均录得下跌，微软跌幅近18%，特斯拉和亚马逊分别下跌逾8%。2025年被视为人工智能主要赢家 之一的谷歌母公司Alphabet基本持平，而芯片宠儿英伟达今年仅微涨1%。Roundhill "科技七巨头"ETF今 年迄今下跌近6%。 这些下跌背后，市场对这些公司在人工智能领域飙升的资本支出，以及它们能否满足日益增长的盈利增 长预期存在诸多担忧。此外，AI模型的快速迭代和行业竞争加剧也增加了市场波动性。 责任编辑：张俊 SF065 上个马年沪指涨近60%！新年新福利来了，炒股排面要拉满，新号启幸运>> 上个马年沪指涨近60%！新年新福利来了，炒股排面要拉满，新号启幸运>> 责任编辑：张俊 SF065 近年来推动大盘屡创新高的"科技七巨头"股票今年表现出现逆转。进入2026年，该集团中除两只股票外 其余均录得下跌，微软跌幅近18%，特斯拉和亚马逊分别下跌逾8%。2025年被视为人工智能主要赢家 之一的谷歌母公司Alphabet基本持平，而芯片宠儿英伟达今年仅微涨1%。Roundhill "科技七巨头"ETF今 年迄 ...