Core Viewpoint - The Chinese stock market has experienced a significant rally, with the Shanghai Composite Index achieving a record twelve consecutive days of gains, surpassing the 4000-point mark for the first time in 33 years since 1993, indicating a strong market sentiment and potential for a cross-year rally [1][27]. Group 1: Market Performance - The total trading volume in the two markets surged to 2.55 trillion yuan, with over 4100 stocks rising, reflecting heightened market enthusiasm and capital inflow [3][27]. - Goldman Sachs has released a report predicting that the Chinese stock market will rise by 15%-20% annually in 2026 and 2027, recommending an overweight position in Chinese stocks [3][27]. Group 2: ETF Performance - Hong Kong ETFs have seen substantial gains, particularly in the innovative drug, internet, and chip sectors, which have been the main drivers of the market's upward movement [4][28]. - The top-performing Hong Kong ETFs include the Hong Kong Innovative Drug ETF (520880) with a 5.4% increase, the Hong Kong Internet ETF (513770) with a 4.4% increase, and the Hong Kong Information Technology ETF (159131) with a 3.6% increase [4][29]. Group 3: Sector Highlights - The innovative drug sector is boosted by the implementation of a new national medical insurance drug list and a commercial health insurance list for innovative drugs starting January 1, 2026, which is expected to enhance industry confidence [6][30]. - In the internet sector, Baidu's Kunlun Chip has submitted a listing application to the Hong Kong Stock Exchange, raising expectations for its parent company's asset value [6][30]. - The chip sector is experiencing a rally due to a significant increase in global memory chip prices and the acceptance of Changxin Storage's IPO application on the Sci-Tech Innovation Board, with leading stocks like Hua Hong Semiconductor and SMIC showing strong performance [6][31]. Group 4: ETF Trends in 2025 - The top-performing ETFs in 2025 include the Entrepreneurial Board Artificial Intelligence ETF (159363) with a 105% increase, and the Nonferrous Metals ETF (159876) with over a 92% increase, indicating strong growth in technology and materials sectors [7][32]. - Other notable sectors include technology, electronics, and chemicals, which have also shown impressive performance, attracting significant investor interest [7][33]. Group 5: Fund Inflows - The top three ETFs by net inflow are the Broker ETF (512000) with 159.3 million yuan, the Hong Kong Internet ETF (513770) with 91.7 million yuan, and the Financial Technology ETF (159851) with 49.7 million yuan, highlighting investor preference for these sectors [9][35].

Group 1 - The A-share market opened the year with a significant trading volume of 2.57 trillion yuan, with the Shanghai Composite Index closing at 4023 points, approaching the previous high of 4034 points from November 14 [1] - The Hong Kong stock market also saw a substantial recovery in liquidity, with a net inflow of approximately 18.72 billion HKD, marking the highest single-day inflow in over two and a half months [1] - Various sectors, including innovative pharmaceuticals and the internet, performed strongly, driven by trends in AI technology and increased attractiveness of Hong Kong stocks to overseas funds due to a stronger RMB [1] Group 2 - The macro environment is currently favorable for bullish sentiment, with expectations for accelerated issuance of local government special bonds and increased central budget investments [2] - January is a key month for the disclosure of earnings forecasts, with anticipated significant year-on-year growth due to a low performance base in Q4 of the previous year [2] - The overall market is in a valuation expansion phase, with short-term fluctuations expected after a sustained rise, emphasizing the importance of strategic asset allocation in high-growth sectors such as AI, new energy, and technology [2] Group 3 - Recommended ETFs for broad market exposure include the CSI 300 ETF (510330.SH) and for high-growth assets, the AI ETF (515070.SH) [3] - For low-priced Hong Kong technology stocks, suggested ETFs include the Hong Kong Stock Connect Technology ETF (159101.SZ), Hang Seng Internet ETF (513330.SH), and Hang Seng Technology Index ETF (513180.SH) [3] - For low-dividend assets, the Free Cash Flow ETF (159201.SZ) is recommended [3]

| 首尔综合指数 | | | | | | --- | --- | --- | --- | --- | | 指 HQ.KOSPI | | | | | | 4407.11 -50.41 -1.13% | | | | | | 01-06 08:25:50 | | | | | | 今开 4446.08 | | 最高 4450.90 | | | | 昨收 4457.52 | | 最低 4395.00 | | | | 分时 園K 目K | 日K | 室K | 更多, ◎ | | | 均价:4424.11 最新:4407.11 -50.41 -1.13% | | | | | | 4520.04 | | | | 1.40% | | 4457.52 | | | | 0.00% | | 4395.00 | | | | -1.40% | | 08:00 11:15 | | | | 14:30 | 【导读】 日韩股市涨跌互现，现代汽车股价直线拉升 中国基金报记者 李智 一起来看下日韩股市的最新情况。 现代汽车 股价直线拉升 1月6日，日韩股市开盘涨跌不一， 韩国KOSPI指数 早盘短线下挫， 跌幅扩大至1%。 | 日经 225 | ...

来源：21世纪经济报道 美东时间周一，美国三大股指全线收涨，道指深夜狂飙近600点，最终收涨逾1%报48977.18点，再创历 史新高；芯片股表现亮眼，中概股多数上涨，脑再生科技表现强劲，收盘涨幅达31%；受地缘政治局势 影响，国际油价、金价银价继续走强。 中概股多数上涨，纳斯达克中国金龙指数涨0.49%，万得中概科技龙头指数涨0.3%。 热门中概股方面，脑再生涨超31%，消息面上，马斯克近日表示，他旗下的脑机接口公司Neuralink计划 于2026年大幅提高脑机设备的产量，还将在脑机植入方式上实现创新。 国际油价走强，美油、布油双双涨近2%。 加密货币集体大涨，比特币涨破94000美元关口，近24小时超12万人爆仓。 （声明：文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。） ...

Group 1 - Qualcomm is advancing its market presence as a core processor for personal computers with its new X2 Plus processor, which is a streamlined version of its existing product line aimed at more affordable laptops [1] - The new processor will be available in two versions, one with 10 computing cores and another with 6, utilizing the updated third-generation Oryon design [1] - A key selling point of the new processor is its integrated powerful neural processing unit, which accelerates AI software response without excessive battery consumption [1] Group 2 - Qualcomm currently offers Snapdragon X2 Elite and Elite Extreme chips, typically used in laptops priced at $1,000 or above, providing AI computing capabilities and longer battery life compared to competitors [1] - Qualcomm is launching its new products at the International Consumer Electronics Show in Las Vegas, positioning them against existing products from Intel and AMD [1] - Qualcomm and Apple are leading the application of Arm Holdings' technology in the computer market, which is believed to be more suitable for battery-powered devices [2] Group 3 - As of the end of Q3, Arm-based chips hold nearly 14% of the PC market share, showing a slight increase from the previous period [2] - Qualcomm is expanding into other business areas such as laptops and automotive, while it has been a long-time supplier for Apple, which is expected to shift to self-developed modem chips [2] - Following a recovery in smartphone demand, Qualcomm provided better-than-expected revenue and profit guidance, projecting adjusted earnings per share of $3.30-$3.50 for Q1 of fiscal 2025, with revenue expected between $11.8 billion and $12.6 billion [2]

英伟达 CEO 黄仁勋本周一 在拉斯维加斯消费电子展上 发表主题演讲，宣布机器人领域已迎来"ChatGPT 时刻"，并发布了一系列开源"物理 AI"模型。 在本次活动中，黄仁勋谈到人工智能和机器人技术的未来时，带了一对可爱的 BDX 机器人上台，并向观众展示了"GR00T"是如何学习成为机器人。 除了展示这两款机器人外，黄仁勋还介绍了 Nvidia Cosmos Transfer 2.5 和 Cosmos Predict 2.5，这两款完全可定制的开源"世界模型"具备理解现实世界物理 属性和空间关系的能力。由于在现实中测试自动驾驶等物理 AI 往往风险过高，这两款模型能通过生成逼真的合成数据和模拟场景，为评估机器人性能提 供了安全的虚拟环境。 与此同时，英伟达还推出了 Cosmos Reason 2 视觉语言模型（VLM），该模型赋予了机器像人类一样利用先验知识和物理常识进行视觉推理与决策的能 力。 针对备受关注的人形机器人领域，英伟达发布了 Nvidia Isaac GR00T N1.6。这是一款视觉语言动作（VLA）模型，它利用 Cosmos 的推理能力实现了对人 形机器人的全身精准控制。 // 新一代 ...

美东时间周一，美国三大股指全线收涨，道指深夜狂飙近600点，最终收涨逾1%报48977.18点，再创历史新高；芯片股表现亮眼，中概股多数上涨，脑再 生科技表现强劲，收盘涨幅达31%；受地缘政治局势影响，国际油价、金价银价继续走强。 | 美股指数 它 | | | | --- | --- | --- | | 道琼斯 | 纳斯达克 | 标普500 | | 48977.18 | 23395.82 | 6902.05 | | +594.79 +1.23% +160.19 +0.69% | | +43.58 +0.64% | | 中国金龙指数 | 纳指100期货 | 标普500期货 | | 7898.24 | 25578.25 | 6943.50 | | +38.60 +0.49% +193.00 +0.76% | | +43.00 +0.62% | 大型科技股涨跌互现，万得美国科技七巨头指数上涨0.41%。个股方面，特斯拉涨超3%，亚马逊涨近3%，脸书涨超1%，谷歌涨0.44%，苹果跌超1%，英 伟达跌0.39%，微软跌0.02%。 芯片股涨跌不一，费城半导体指数涨1.07%，科天半导体涨超6%，应用材料涨逾5%，阿斯 ...

1月4日，成都星拓微电子科技股份有限公司正式启动上市辅导备案。这家来自成都的互联芯片领域"潜力股"，正式踏上了冲击资本市场的新征程。 | | | 公开发行辅导公示 | | 辅导对象 | 辅导机构 | 备客时间 辅导状态 | 派出机构 | 报告类型 | 报告标题 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | - | 北京 | 天津 | | 天津七一二移动通信股份有 順公司 | 中国银河证券股份有限公司 | 2026-01-04 博导演室 | 天津证监局 | 第三章案报告 | 关于大津七一二移 ... | | - | 河北 | - | шта | | | | | | | | | 内蒙古 | - | 辽宁 | 无锡市晶源微电子股份有限 公司 | 中信证券股份有限公司 | 2024-01-11 辅导备宽 | 江苏证监局 | | 辅导进展情况报告 关于无锡市晶源微 ... | | - | 吉林 | 黑龙江 | | 成都星拓微电子科技股份有 | | | | | | | - | 奥 | | 江苏 | 增√自 | 中国国际金融股份有限公司 ...

美东时间周一，美国三大股指全线收涨，道指深夜狂飙近600点，最终收涨逾1%报48977.18点，再创历史新高；芯片股表现亮眼，中概股多数上涨，脑再 生科技表现强劲，收盘涨幅达31%；受地缘政治局势影响，国际油价、金价银价继续走强。 | 美股指数 它 | | | | --- | --- | --- | | 道琼斯 | 纳斯达克 | 标普500 | | 48977.18 | 23395.82 | 6902.05 | | +594.79 +1.23% +160.19 +0.69% | | +43.58 +0.64% | | 中国金龙指数 | 纳指100期货 | 标普500期货 | | 7898.24 | 25578.25 | 6943.50 | | +38.60 +0.49% | +193.00 +0.76% | +43.00 +0.62% | 大型科技股涨跌互现，美国科技七巨头指数上涨0.41%。个股方面，特斯拉涨超3%，亚马逊涨近3%，脸书涨超1%，谷歌涨0.44%，苹果跌超1%，英伟达 跌0.39%，微软跌0.02%。 芯片股涨跌不一，费城半导体指数涨1.07%，科天半导体涨超6%，应用材料涨逾5%，阿斯麦涨 ...

记者丨黎雨桐 编辑丨曾静娇 美东时间周一，美国三大股指全线收涨，道指深夜狂飙近600点，最终收涨逾1%报48977.18点，再创历史新高；芯片股表现亮眼，中概股多数 上涨，脑再生科技表现强劲，收盘涨幅达31%；受地缘政治局势影响，国际油价、金价银价继续走强。 | 美股指数 它 | | | | --- | --- | --- | | 道琼斯 | 纳斯达克 | 标普500 | | 48977.18 | 23395.82 | 6902.05 | | +594.79 +1.23% +160.19 +0.69% | | +43.58 +0.64% | | 中国金龙指数 | 纳指100期货 | 标普500期货 | | 7898.24 | 25578.25 | 6943.50 | | +38.60 +0.49% +193.00 +0.76% +43.00 +0.62% | | | 大型科技股涨跌互现，万得美国科技七巨头指数上涨0.41%。个股方面，特斯拉涨超3%，亚马逊涨近3%，脸书涨超1%，谷歌涨0.44%，苹果 跌超1%，英伟达跌0.39%，微软跌0.02%。 | 名称 | 现价 | 涨跌幅 | ▶ | | --- | ...