（文章来源：证券时报网） 数据宝统计，截至11:16，昆仑万维成交额113.45亿元，创上市以来新高。最新股价上涨19.75%，换手 率14.71%。上一交易日该股全天成交额为102.89亿元。（数据宝） ...

今日周一(1月12日)亚盘时段，现货白银目前交投于82.77一线上方，今日开盘于80.39美元/盎司，截至发 稿，现货白银暂报83.46美元/盎司，上涨4.39%，最高触及83.94美元/盎司，最低下探79.94美元/盎司， 目前来看，现货白银盘内短线偏向震荡走势。 但报道也提到，欧盟正在起草针对美国公司的制裁计划，以备特朗普拒绝北约部署的提议。像Meta、 谷歌、微软和X等科技巨头以及美国银行和金融公司可能被限制在欧洲大陆运营。 此外，更极端的选项可能是将美军逐出其在欧洲的基地，剥夺其在中东等地行动的关键中转站。 【最新现货白银行情解析】 【要闻速递】 美国总统特朗普9日声称，美国需要得到格陵兰岛，如果无法"以简单方式"就格陵兰岛达成协议，他将 不得不采取"艰难方式"，此番言论引发部分北约成员国及欧洲国家担忧。 据英国《每日电讯报》等外媒报道，欧洲多国军事首脑们正在草拟一项可能的北约任务计划，以应对特 朗普的威胁。 白银长期保持100-120美元目标不变。白银短期阻力84美元，然后86-86.5和88.5-89美元；支撑81.5-81美 元，然后78-78.5美元和75美元。突破81.00美元将推动白银向阻 ...

Market Overview - The A-share market showed positive momentum with the Shanghai Composite Index up by 0.75%, the Shenzhen Component Index up by 1.31%, and the ChiNext Index up by 1.17% as of midday trading [3] - The total trading volume in the Shanghai and Shenzhen markets reached 2.31 trillion yuan, an increase of 245.5 billion yuan compared to the previous trading day, with over 3,800 stocks rising, including 139 hitting the daily limit [4] Sector Performance - AI application sectors experienced significant growth, with e-commerce, virtual humans, and short drama games leading the gains [6] - The financial technology sector, brain-computer interface, commercial aerospace, and intelligent driving concepts also showed active performance [6] - The Sora concept stocks rose by 9.60%, while Kuaishou and Xiaohongshu concepts increased by 8.28% and 8.14%, respectively [4] Notable Stocks - The main contract for Shanghai tin futures hit the daily limit with an increase of 8%, reaching 376,920 yuan per ton [5] - The stock of Zhizhu (智谱) surged over 29%, while MiniMax rose over 27%, and Meituan increased by over 6% [7] - The stock of BlueFocus (蓝色光标) rose over 15%, reaching a historical high [8] Trading Dynamics - The trading volume surpassed 1 trillion yuan early in the day, with a significant increase of over 220 billion yuan compared to the previous day [9] - The commercial aerospace sector continued to strengthen, with stocks like Jili (巨力索具) and Hangxiao Steel (杭萧钢构) achieving consecutive gains [12] - The photovoltaic sector saw renewed activity, particularly in perovskite batteries and space photovoltaic directions, with stocks like Dongfang Risheng (东方日升) and Maiwei (迈为股份) rising over 10% [9] Economic Indicators - The central bank conducted a reverse repurchase operation of 86.1 billion yuan with an interest rate of 1.4% [18] - The RMB to USD exchange rate was adjusted to 7.0108, an increase of 20 basis points from the previous trading day [19]

Core Viewpoint - Meitu Company (01357) has seen a nearly 13% increase in stock price, attributed to its collaboration with Alibaba, which is expected to deepen further [1] Group 1: Financial Developments - Meitu announced the issuance of $250 million convertible bonds to Alibaba, which, if fully converted, would result in Alibaba holding 6.82% of Meitu's shares, making it the third-largest shareholder [1] - Meitu's paid user base is projected to reach 15.4 million by the first half of 2025, representing a year-on-year growth of 42.6%, with a current payment rate of only 5.5%, indicating significant room for improvement [1] - The adjusted net profit for Meitu is expected to be 470 million yuan in the first half of 2025, reflecting a year-on-year increase of 71.3% [1] Group 2: Market Reactions - Following the announcement, Meitu's stock price rose by 12.61%, reaching 8.93 HKD, with a trading volume of 896 million HKD [1] - Morgan Stanley released a report indicating that the developments are positive news and anticipate strong synergies in the e-commerce design sector due to the collaboration with Alibaba [1]

Group 1 - Meitu Company (01357) saw a nearly 13% increase in stock price, reaching HKD 8.93 with a trading volume of HKD 896 million [1] - On December 31, Meitu announced the issuance of USD 250 million convertible bonds to Alibaba, which, if fully converted, would give Alibaba a 6.82% stake in Meitu, making it the third-largest shareholder [1] - Morgan Stanley released a report indicating that this development is positive news, anticipating that the collaboration between Meitu and Alibaba will deepen, particularly in the e-commerce design sector, creating strong synergies [1] Group 2 - Open Source Securities announced a plan to establish a venture capital initiative worth millions to incentivize employee entrepreneurship, indicating a shift towards an AI-focused business model [1] - By the first half of 2025, Meitu is projected to have 15.4 million paying users, a year-on-year increase of 42.6%, with a low payment rate of 5.5%, suggesting significant room for improvement [1] - The adjusted net profit for Meitu in the first half of 2025 is expected to be RMB 470 million, reflecting a year-on-year growth of 71.3% [1]

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 美图公司（01357）盘中涨近13%，截至发稿，股价上涨12.86%，现报8.95港元，成交额9.41亿港元。 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 责任编辑：卢昱君 责任编辑：卢昱君 客户端 美图公司（01357）盘中涨近13%，截至发稿，股价上涨12.86%，现报8.95港元，成交额9.41亿港元。 12月31日，美图宣布已向阿里巴巴发行2.5亿美元可转债。大摩发布研报称，若所有可换股债券悉数转 换，阿里巴巴将持有美图6.82%的股份，成为其第三大股东。该行认为此次进展为正面消息，预期美图 与阿里巴巴的合作将进一步深化，尤其在电子商务设计领域可产生强大的协同效应。 开源证券发布研报称，拟内设千万元风投计划激励员工创业，AI时代重回赛马机制，全面转型AI Agent。美图截至2025年上半年共有付费人数1540万人，同比增长42.6%，付费率仅为5.5%，有较大提 升空间，2025年上半年经调整净利润为4.7亿元，同比增长71.3%。 12月31日，美图宣布已向阿里巴巴发行2.5亿美元可转债。大摩发布研报称，若所有可换股债 ...

Core Viewpoint - Meitu Company (01357) has seen a significant stock increase of nearly 13%, currently trading at HKD 8.93 with a transaction volume of HKD 896 million, following the announcement of a USD 250 million convertible bond issuance to Alibaba [1] Group 1: Financial Developments - On December 31, Meitu announced the issuance of USD 250 million convertible bonds to Alibaba [1] - If all convertible bonds are converted, Alibaba will hold 6.82% of Meitu's shares, becoming its third-largest shareholder [1] - Meitu is projected to have 15.4 million paying users by mid-2025, representing a year-on-year growth of 42.6%, with a current payment rate of only 5.5%, indicating significant room for improvement [1] Group 2: Profitability Outlook - Adjusted net profit for Meitu is expected to reach RMB 470 million by mid-2025, reflecting a year-on-year increase of 71.3% [1] Group 3: Strategic Partnerships - Morgan Stanley views the partnership with Alibaba as a positive development, anticipating deeper collaboration, particularly in the e-commerce design sector, which could yield strong synergies [1] - Open Source Securities has announced a plan to establish a RMB 10 million venture capital initiative to incentivize employee entrepreneurship, indicating a shift towards an AI-focused operational model [1]

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 快手-W（01024）早盘涨超6%，本月内股价累计涨幅已超20%。截至发稿，股价上涨6.16%，现报79.30 港元，成交额31.14亿港元。 近期可灵AI凭借其"动作控制"功能在海外社交平台掀起创作热潮，从韩国蔓延至全球，成为国产AI出海 的新爆款。根据SensorTower的数据，2026年1月1-3日可灵AI的日均收入比2025年12月增长102%。摩根 大通表示，快手在生成式AI这一关键赛道占据领先地位，是全球最被低估的AI股之一。 高盛则表示，快手旗下可灵AI在去年12月的模式升级与新功能上线，预计将推动其在海外市场扩大用 户认可并提升营收，从而可能抬升快手2026财年的营收预期，并提振股价。分析师在报告中表示，对可 灵AI的营收预测为2025年逾1.4亿美元，2026年约2.3-2.4亿美元。 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 责任编辑：卢昱君 高盛则表示，快手旗下可灵AI在去年12月的模式升级与新功能上线，预计将推动其在海外市场扩大用 户认可并提升营收，从而可能抬升快手2026财年的营收预期，并提振股价。分 ...

环球市场动态 美 国 "低招聘 +低裁员 "延 续 股 票 A股周五延续强势，沪指站上 4,100 点；港股小幅收涨，数支新股表现 出色引领市场；欧洲股市情绪较好， 能源、矿业推动市场上行；12 月非 农数据抬升进一步降息预期，美股 全面上涨，标指再创记录新高。 外 汇 / 商 品 市场忧虑伊朗和委内瑞拉局势不 稳，上周五油价连续两天显著造好。 地缘政治不确定性推高金价，升上 每盎司 4,500 美元关口。市传高市 早苗有机会提出解散众议院并举行 大选，日元下跌。 固 定 收 益 上周五美国国债涨跌不一，收益率 曲线走平，12 月新增非农就业人数 不及预期。市场定价 1 月不降息。 上周一级市场有约 60 家发行人发 债规模达 952 亿美元。本周将有 CPI 数据和美国国债供应。 产品及投资方案部 注：bp/bps=基点；pt/pts=百分点 中信证券财富管理 (香港) 免责声明请参考封底 2026 年 1 月 12 日 ▪ 2025 年 12 月美国新增非农就业人数和失业率均低于预期。失业率下行至 4.4%，新增非农就业集中在个别服 务业，本次非农就业报告依旧描绘了美国就业市场 "低招聘+低裁员" 的格局 ...

2026 年 1 月 12 日 招银国际环球市场 | 市场策略 | 招财日报 每日投资策略 宏观/行业点评 全球市场观察 招银国际研究部 邮件：research@cmbi.com.hk | 环球主要股市上日表现 | | | | | --- | --- | --- | --- | | | 收市价 | | 升跌（%） | | | | 单日 | 年内 | | 恒生指数 | 26,232 | 0.32 | 2.35 | | 恒生国企 | 9,049 | 0.10 | 1.51 | | 恒生科技 | 5,687 | 0.15 | 3.10 | | 上证综指 | 4,120 | 0.92 | 3.82 | | 深证综指 | 2,660 | 1.34 | 5.10 | | 深圳创业板 | 3,328 | 0.77 | 3.89 | | 美国道琼斯 | 49,504 | 0.48 | 3.00 | | 美国标普 500 | 6,966 | 0.65 | 1.76 | | 美国纳斯达克 | 23,671 | 0.81 | 1.85 | | 德国 DAX | 25,262 | 0.53 | 3.15 | | 法国 CAC | 8 ...