股指期权日报 股指期权市场概况 股指期权日报 | 2025-06-23 期权成交量 2025-06-20，上证50ETF期权成交量为101.12万张；沪深300ETF期权（沪市）成交量为86.40万张； 中证500ETF期权（沪市）成交量为175.57万张；深证100ETF期权成交量为4.31万张； 创业板ETF期权成交量为93.65万张；上证50股指期权成交量为2.85万张； 沪深300股指期权成交量为7.71万张；中证1000期权总成交量为22.12万张。 期权PCR 上证50ETF期权成交额PCR报0.98，环比变动为-0.18；持仓量PCR报0.92，环比变动为+0.05； 沪深300ETF期权（沪市）成交额PCR报1.15，环比变动为-0.02；持仓量PCR报0.84，环比变动为+0.02； 中证500ETF期权（沪市）成交额PCR报1.39，环比变动为+0.20；持仓量PCR报1.01，环比变动为+0.04 ； 深圳100ETF期权成交额PCR报1.21 ，环比变动为-0.25；持仓量PCR报0.98；环比变动为+0.00； 创业板ETF期权成交额PCR报1.24，环比变动为-0.09 ；持仓量P ...

分析师：张刚 登记编码：S0730511010001 国际市场表现 资料来源：聚源，中原证券研究所 -11% -5% 1% 6% 12% 18% 23% 29% 2024.06 2024.10 2025.02 2025.06 上证指数 深证成指 | 国内市场表现 | | | | | | --- | --- | --- | --- | --- | | 指数名称 | | 昨日收盘价 | | 涨跌幅(%) | | 上证指数 | | | 3,359.90 | -0.07 | | 深证成指 | | 10,005.03 | | -0.47 | | 创业板指 | | | 2,022.77 | -0.47 | | 沪深 | 300 | | 3,846.64 | 0.09 | | 上证 | 50 | | 2,443.97 | -0.52 | | 科创 | 50 | | 891.46 | 0.14 | | 创业板 | 50 | | 1,924.26 | -0.67 | | 中证 | 100 | | 3,656.35 | 0.03 | | 中证 | 500 | | 5,639.51 | -0.66 | | 中证 | 1000 | ...

金工策略周报 东证衍生品研究院金融工程组 2025年6月22日 王冬黎 金融工程首席分析师 从业资格号： F3032817 投资咨询号： Z0014348 Email: dongli.wang@orientfutures.com 联系人 徐凡 分析师(金融工程) 从业资格号： F03107676 Email: fan.xu@orientfutures.com 李晓辉 金融工程首席分析师 从业资格号： F03120233 投资咨询号： Z0019676 Email: xiaohui.li@orientfutures.com 常海晴 分析师(金融工程) 从业资格号： F03087441 Email: haiqing.chang@orientfutures.com 股指期货量化策略跟踪 常海晴 金融工程高级分析师(股指期货) 从业资格号：F03087441 投资咨询号：Z0019497 Email: haiqing.chang@orientfutures.com 2 主要内容 ★股指期货行情简评： 市场呈持续下跌走势。分行业看，医药生物和电力设备贡献了沪深300指数的主要跌幅，医药生物和有色金属贡献了上证50指数、 ...

轻工制造 上 市 公 司 2025 年 06 月 22 日 广博股份 (002103) ——加速 IP 文创转型，IP 多元化+载体丰富化+长期出海 驱动增长 报告原因：首次覆盖 买入（首次评级） | 市场数据： | 2025 年 06 月 20 日 | | --- | --- | | 收盘价（元） | 10.09 | | 一年内最高/最低（元） | 18.78/4.55 | | 市净率 | 5.0 | | 股息率%（分红/股价） | - | | 流通 A 股市值（百万元） | 3,805 | | 上证指数/深证成指 | 3,359.90/10,005.03 | | 注："股息率"以最近一年已公布分红计算 | | | 基础数据: | 2025 年 03 月 31 日 | | --- | --- | | 每股净资产（元） | 2.02 | | 资产负债率% | 44.38 | | 总股本/流通 A 股（百万） | 534/377 | | 流通 B 股/H 股（百万） | -/- | 一年内股价与大盘对比走势： 06-20 07-20 08-20 09-20 10-20 11-20 12-20 01-20 02- ...

智通财经6月21日电，洲际交易所（ICE）将布伦特原油期货保证金提高24%。 ...

Market Overview - The three major indices opened mixed, with the Shanghai Composite Index down by 0.10%, the Shenzhen Component Index down by 0.13%, and the ChiNext Index unchanged [1][2] - Sectors such as rail transit equipment, photovoltaic, and gaming showed strong gains, while digital currency, oil and gas, and precious metals sectors experienced declines [1] Sector Analysis - According to Everbright Securities, the market is undergoing an overall adjustment, influenced by geopolitical tensions in the Middle East, which have led to a decline in the Asia-Pacific stock markets. However, the oil and gas sector saw gains despite the overall market downturn [3] - The report from CICC indicates that the global IP (Intellectual Property) and its derivative products industry is expected to enter a new growth cycle, with the global IP toy market projected to reach 525.1 billion yuan by 2024, growing at a CAGR of 8% from 2024 to 2029. The Chinese IP toy market is expected to reach 75.6 billion yuan by 2024, with a CAGR of 17.2% during the same period [4] - Galaxy Securities emphasizes that investment in the white goods sector should focus on the stability of company performance, while the black goods sector presents opportunities due to improved global competitiveness. The clean appliance sector is expected to benefit from industry consolidation, and AI and robotics technologies are anticipated to introduce attractive new smart products [5] Economic Outlook - Tianfeng Securities notes that the Federal Reserve's decision to maintain interest rates in June aligns with market expectations, but the likelihood of a rate cut in September remains low. The Fed is expected to adopt a cautious approach due to uncertainties surrounding government policies and inflation risks [6]

传媒 分析师：乔琪 登记编码：S0730520090001 qiaoqi@ccnew.com 021-50586985 多主线布局，攻守兼备 证券研究报告-行业半年度策 略 《传媒行业月报：一季度板块业绩增长优异， IP 衍生品市场高景气》 2025-05-26 《传媒行业专题研究：2025Q1 业绩增长显 著，内容板块表现亮眼》 2025-05-22 《传媒行业月报：政策指引提振消费，关注游 戏、广告、国有出版主线》 2025-04-14 联系人：李智 投资要点： 风险提示：宏观经济变化影响文化消费需求；政策效果不及预期；内 容质量不及预期；AI 技术进展及应用效果不及预期；海外业务受国际 关系变化影响；知识产权侵权风险；二级市场主题轮动 本报告版权属于中原证券股份有限公司 www.ccnew.com 请阅读最后一页各项声明 第1页 / 共36页 ——传媒行业半年度策略 传媒相对沪深 300 指数表现 -11% -2% 7% 16% 25% 34% 43% 52% 2024.06 2024.10 2025.02 2025.06 传媒 沪深300 资料来源：中原证券研究所，聚源 相关报告 同步大市(维持) 发 ...

美国利率期货价格反映美联储9月降息概率为71%，声明发布前为60%；反映2025年降息概率为46个基 点，与美联储声明发布前相比变化不大。 ...

江苏35家企业8个项目入选国家文化出口重点名单 从走出去到融进去 文化出海升级 近日，商务部、中央宣传部、文化和旅游部、广电总局联合公布"2025—2026年度国家文化出口重点企 业和重点项目"，江苏35家企业与8个项目榜上有名。入选主体覆盖影视制作、动漫游戏、非遗文创、文 化装备制造、文化贸易服务平台等多个领域，既展现江苏文化产业"走出去"的多元活力，更凸显了 从"产品输出"到"价值认同"的进阶路径。 近年来，江苏高度重视对外文化贸易发展，积极出台政策举措助力文化企业拓展海外市场。省商务厅等 26部门共同印发《关于印发推进对外文化贸易高质量发展若干措施的通知》，从推动文化领域改革开 放、扩大重点领域文化出口等7个方面提出22条具体工作举措，为文化企业"走出去"提供政策保障。"龙 头引领+中小协同+政策支撑"的生态体系持续完善。 从"走出去"到"融进去"，江苏文化出口的进阶之路不仅是企业竞争力的展现，更是中国文化国际话语权 提升的缩影。自2007年以来，商务部会同中央宣传部等部门每两年评审认定一批国家文化出口重点企业 和重点项目，迄今累计评选出3329家企业、1298个项目，见证了我国文化出口规模不断扩大，国 ...

Group 1 - The number of A-share listed companies participating in hedging activities continues to grow, with a significant increase in announcements related to hedging in May 2025 compared to the same period in 2024 [1] - In May 2025, 50 A-share listed companies in the real economy issued 78 announcements regarding hedging, up from 26 companies in May 2024, indicating a strong demand for risk management tools [1] - Year-to-date, 1,295 A-share listed companies have issued hedging-related announcements, an increase of 142 companies or 12% compared to the same period in 2024, with exchange rate risk being the primary concern [1] Group 2 - The People's Bank of China announced eight major financial opening measures, including the promotion of RMB foreign exchange futures trading to enhance risk management for financial institutions and foreign trade enterprises [1] - The China Securities Regulatory Commission plans to accelerate the implementation of key measures for capital market opening by 2025, including expanding the range of products available for foreign investment [1] - The establishment of the RMB foreign exchange futures market is expected to deepen the onshore market and provide a new option for the People's Bank of China in foreign exchange market regulation [2] Group 3 - The introduction of foreign exchange futures is anticipated to diversify trading participants and better serve the risk management needs of the real economy [2] - The China Financial Futures Exchange currently offers various futures and options products in equity and interest rate derivatives, and the addition of foreign exchange futures will fill a gap in the market [2]