● 本报记者 胡雨 三类资产配置价值获得关注 对于人民币升值背景下的投资，杨柳建议围绕两大主线索展开布局："一是钢铁、化工、航空运输、工 业金属、造纸、燃气等行业，布局这些行业应重点关注汇率波动对其基本面的影响程度；二是从过往经 验看，人民币趋势性升值易带动外资流入加快，若外资贡献重要增量资金且配置偏好持续，那么预计受 益方向更可能集中在电力设备、汽车、有色金属、电子、通信、家电、食品饮料等行业，布局这些行业 要重点关注外资入场节奏与流向的动态。" 对于短期市场配置，赵阳同样看好计算机、电子、电力设备、家电、通信等板块。其中，计算机、电子 板块处于高景气度阶段，电力设备板块还受益于"反内卷"，景气度有望持续修复。通信板块短期可能需 要把握配置节奏，家电板块则需要等待新一轮国补等政策催化。 值得注意的是，近期在人民币持续走强的背景下，同为中国资产重要组成部分的港股市场，整体表现相 对疲弱，2025年四季度以来主要股指表现跑输A股。 经历前一日小幅调整后，1月6日，离岸人民币兑美元汇率再度上涨，截至当日17时仍稳定在7元关口上 方。自2025年4月9日以来，本轮人民币升值已持续近9个月，人民币汇率走强对权益市场带 ...

Core Insights - The North Exchange 50 index increased by 1.82% to close at 1,493.04 points on January 6, 2026, with a trading volume of 259.89 billion yuan and a turnover rate of 3.97% [3][4][6] - The overall valuation of the North Exchange is at 47.74 times earnings, which is higher than the valuations of the ChiNext and STAR Market [3][10] - The sectors that performed well include non-ferrous metals (+11.1%), home appliances (+4.5%), computers (+4.4%), and machinery (+3.0%), while the pharmaceutical sector saw a decline of 0.5% [3][4] Trading Performance - On January 6, 2026, the North Exchange had a total market capitalization of 903.76 billion yuan, with 396.77 billion shares listed, of which 253.49 billion shares were tradable [3][4] - The average daily trading volume for the previous week was 194.04 billion yuan, indicating a recovery in trading levels on January 6 [3][4] Stock Performance - Among the 287 listed companies, 264 saw an increase in stock prices, while 21 experienced declines. Notable gainers included Hanxin Technology (+29.99%) and Tianli Composite (+29.99%), while Jin Hao Medical saw a significant drop of 14.57% [3][8][9] - The top ten stocks by market performance on January 6 included Hanxin Technology, Tianli Composite, and Beiyikang, with respective market capitalizations of 30.35 billion yuan, 95.63 billion yuan, and 39.80 billion yuan [8][9] Valuation Analysis - The average price-to-earnings (P/E) ratio for companies on the North Exchange is 47.74 times, with the highest sector being non-ferrous metals at 126.1 times, followed by home appliances at 92.8 times and food and beverage at 81.7 times [3][10] - The valuation of the North Exchange continues to be higher than that of the ChiNext, which has a P/E ratio of 44.85 times [3][10] Sector Performance - The non-ferrous metals sector showed the highest increase in stock prices, reflecting strong market interest and potential growth opportunities [3][4] - The pharmaceutical sector, in contrast, faced challenges, as indicated by the decline in stock prices, suggesting potential issues within the industry [3][4][9]

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 京东方科技集团股份有限公司，成立于1993年，位于北京市，是一家以从事计算机、通信和其他电子设 备制造业为主的企业。企业注册资本3741388.0464万人民币。通过天眼查大数据分析，京东方科技集团 股份有限公司共对外投资了74家企业，参与招投标项目297次，财产线索方面有商标信息775条，专利信 息5000条，此外企业还拥有行政许可47个。 北京京东方技术开发有限公司，成立于2016年，位于北京市，是一家以从事计算机、通信和其他电子设 备制造业为主的企业。企业注册资本3800万人民币。通过天眼查大数据分析，北京京东方技术开发有限 公司共对外投资了1家企业，参与招投标项目91次，专利信息3814条，此外企业还拥有行政许可4个。 国家知识产权局信息显示，北京京东方显示技术有限公司、京东方科技集团股份有限公司、北京京东方 技术开发有限公司取得一项名为"立体显示基板和显示装置"的专利，授权公告号CN118938508B，申请 日期为2023年4月。 天眼查资料显示，北京京东方显示技术有限公司，成立于2009年 ...

2. 沪深300今日主力资金净流出40亿元 沪深300今日主力资金净流出40亿元，创业板主力资金净流出100.57亿元，科创板主力资金净流出17.63亿元。 1月6日，A股市场整体上涨。 截至收盘，上证指数收报4083.67点，上涨1.5%，深证成指收报14022.55点，上涨1.4%，创业板指收报3319.29点，上涨0.75%，北证50指数上涨1.82%。A 股市场合计成交28324.97亿元，较上一交易日增加2650.87亿元。 1. A股市场全天主力资金净流出176.68亿元 今日A股市场主力资金开盘净流出147.71亿元，尾盘净流入18.05亿元，A股市场全天主力资金净流出176.68亿元。 | | | 沪深两市近五日主力资金流向情况(亿元) | | | | --- | --- | --- | --- | --- | | 日期 | | | 净流入金额 开盘净流入 尾盘净流入 超大单净买入 | | | 2026-1-6 | -176. 68 | -147.71 | 18. 05 | 33. 67 | | 2026-1-5 | -62.98 | -54. 18 | 17. 34 | 90. 80 | | ...

Core Insights - The article emphasizes the importance of strategic decision-making in rapidly changing markets, defining effective strategy as the ability to make quick, high-quality decisions that are widely supported [2][29]. Group 1: Definition and Importance of Strategy - Strategy is defined as answering two fundamental questions: "Where do you want to go?" and "How do you want to get there?" [1] - Traditional strategic methods focus primarily on the first question, often neglecting the second, which is crucial in today's fast-paced market [1][29]. Group 2: Characteristics of Effective Strategic Decision-Making - Effective strategic decision-makers establish collective intuition, enabling faster and more accurate identification of threats and opportunities [30]. - High-performing companies exhibit significant differences in their strategic decision-making processes compared to lower-performing companies, often making decisions that are both quick and of high quality [3][29]. Group 3: Methods for Enhancing Decision-Making Efficiency - High-efficiency decision-makers utilize diverse teams and heuristic methods to stimulate rapid conflict, thereby improving decision quality [30]. - Maintaining a rigorous pace in decision-making processes is essential, with effective decision-makers adhering to a natural rhythm for strategic choices, typically taking two to four months for significant decisions [20][21]. Group 4: Political Dynamics in Decision-Making - Effective decision-makers actively work to mitigate political behaviors that can distort information and waste time, focusing instead on collaboration and shared goals [25][26]. - Establishing a balanced power structure and fostering a light-hearted atmosphere can help alleviate political tensions and enhance collaboration among decision-makers [26][28]. Group 5: Conclusion and Strategic Decision-Making Framework - The article concludes that frequent meetings, real-time metrics, diverse teams, and a focus on shared objectives are critical for effective strategic decision-making [30][31]. - These strategies help prevent destructive interpersonal conflicts and time-wasting political struggles, ultimately leading to more effective strategic outcomes [31][32].

1月6日，A股市场整体上涨。 截至收盘，上证指数收报4083.67点，上涨1.5%，深证成指收报14022.55点，上涨1.4%，创业板指收报3319.29点，上涨0.75%，北证50 指数上涨1.82%。A股市场合计成交28324.97亿元，较上一交易日增加2650.87亿元。 1. A股市场全天主力资金净流出176.68亿元 今日A股市场主力资金开盘净流出147.71亿元，尾盘净流入18.05亿元，A股市场全天主力资金净流出176.68亿元。 | | | 沪深两市近五日主力资金流向情况(亿元) | | | | --- | --- | --- | --- | --- | | 日期 | | 净流入金额 开盘净流入 | | 尾盘净流入 超大单净买入 | | 2026-1-6 | -176. 68 | -147.71 | 18. 05 | 33. 67 | | 2026-1-5 | -62.98 | -54. 18 | 17. 34 | 90. 80 | | 2025-12-31 | -270. 79 | -129.42 | -36. 63 | -63.89 | | 2025-12-30 | -238.28 | ...

Group 1 - The core viewpoint of the news highlights a significant rise in technology-related stocks, particularly in commercial aerospace, brain-computer interface concepts, photovoltaic, chips, and semiconductor sectors, with the STAR Market indices showing positive performance [1] - The STAR 50 Index increased by 1.8%, while the STAR 100 Index and STAR Composite Index both rose by 1.5%, and the STAR Growth Index saw a 0.7% increase [1] - According to Wind data, the E Fund STAR 50 ETF (588080) experienced a net inflow of nearly 300 million yuan over two consecutive trading days [1] Group 2 - China Galaxy Securities anticipates that the reform policy expectations will strengthen in the first year of the 14th Five-Year Plan, with factors such as the upward trend of the RMB exchange rate supporting liquidity and boosting market confidence [1] - The report emphasizes the importance of focusing on technology leaders with performance realization capabilities under the logic of profit recovery [1]

以最新收盘价计算，A股平均股价为14.43元，其中股价超过100元的有202只，相比上一个交易日增加5 只。 百元股作为判定市场热度的信号之一，历来受到投资者关注。证券时报·数据宝统计显示，截至1月6日 收盘，沪指报收4083.67点，上涨1.50%，A股平均股价为14.43元，个股股价分布看，股价超过100元的 有202只，股价在50元至100元的有479只，股价在30元至50元的有791只。 股价超百元个股中，收盘价最高的是贵州茅台，今日报收1428.01元，上涨0.14%，其次是寒武纪、源杰 科技等，最新收盘价分别为1383.10元、646.00元。 市场表现方面，收盘股价超百元股中，今日平均上涨1.85%，跑赢沪指0.35个百分点。今日上涨的有130 只，涨停的有*ST铖昌、德赛西威等，下跌的有71只，跌幅居前的有蘅东光、涛涛车业等。 追溯发现，最新百元股近一个月平均上涨16.85%，其间沪指上涨4.63%，涨幅居前的有超捷股份、飞沃 科技、中国卫星等，涨幅分别为138.18%、135.22%、121.51%。 今日有2只股收盘价首次突破百元大关，中国卫星最新收盘价107.01元，上涨7.60%，全天 ...

（原标题：主力资金丨尾盘主力资金大幅出逃2股） 13个行业主力资金净流入。 A股三大指数今日（1月6日）延续强势表现，沪指日K线13连阳，指数创2015年7月以来的逾十年新高。 行业板块几乎全线上扬，保险、能源金属、化肥行业、证券、小金属等涨幅居前，仅美容护理板块逆市翻绿。 从主力资金情况来看，沪深两市全天主力资金净流出176.68亿元。有13个行业主力资金净流入，有色金属、非银金融、汽车、计算机行业净流入 金额分别为34.23亿元、21.85亿元、14.77亿元、10.64亿元；银行、石油石化、电子、公用事业等行业净流入金额均超1亿元。 18个主力资金净流出行业中，通信、传媒、机械设备行业净流出金额居前，均超40亿元；医药生物、电力设备、国防军工行业净流出金额均超10 亿元。 10股获主力资金净流入超6亿元 从个股看，54股主力资金净流入超2亿元，10股获主力资金净流入超6亿元。 东方财富主力资金净流入26.58亿元，今日炒股软件股涨幅进一步扩大，其中，大智慧涨停，同花顺大涨超12%，指南针涨超9%，东方财富涨超 5%。 山子高科主力资金净流入14.55亿元。该股今日涨停，龙虎榜数据显示，上榜营业部席位全天 ...

Core Insights - The "Shenzhen-Hong Kong-Guangzhou" innovation cluster is projected to surpass Japan's "Tokyo-Yokohama" cluster by 2025, becoming the world's leading innovation cluster according to the World Intellectual Property Organization (WIPO) [1] R&D Investment Overview - In 2024, Guangdong's R&D expenditure reached 509.96 billion yuan, marking a 6.2% increase and maintaining its position as the highest in the country for nine consecutive years [3][4] - Guangdong's R&D expenditure accounts for 14% of the national total, with an R&D intensity of 3.60%, surpassing the national average of 2.69% by 0.91 percentage points [4][6] R&D Investment Structure - The R&D investment structure in Guangdong is evolving, with a focus on increasing the proportion of basic research, which saw an 8.3% increase to 28.90 billion yuan in 2024 [7][10] - Application research funding surged by 64.6% to 59.17 billion yuan, indicating a significant shift towards converting scientific principles into technological prototypes [10][11] Sector-Specific R&D Funding - Six industrial sectors in Guangdong had R&D expenditures exceeding 10 billion yuan in 2024, collectively accounting for 83.4% of the R&D funding for large-scale industrial enterprises [11] - The high-tech manufacturing sector's R&D funding reached 228.78 billion yuan, growing by 13.2% compared to 2023, highlighting the innovation vitality in Guangdong's high-tech industries [11][12] Regional R&D Dynamics - The Pearl River Delta (PRD) region's R&D expenditure reached 491.04 billion yuan in 2024, representing 96.3% of the total R&D funding in Guangdong, with a growth rate of 6.6% [12] - R&D intensity in the PRD is 4.26%, exceeding the provincial average, with Shenzhen leading at 6.67%, the highest among major cities in China [12][14] Collaborative Innovation Ecosystem - The collaboration among Guangzhou, Shenzhen, and Hong Kong is fostering a mature innovation ecosystem, supported by significant R&D investments that enhance the region's technological capabilities [14][15]