资金正在快速流入港股，今年以来，南向资金净流入额超万亿港元。 同花顺数据显示，截至9月2日收盘，当日南向资金净流入92.81亿港元。至此，年内南向资金净流入规模约10002.21亿港元，超 过万亿港元，创2014年港股通开通以来的新高。 南向资金净流入突破1万亿港元 自2014年11月17日沪港通开通以来，互联互通机制持续平稳运行，南向资金净流入港股市场合计达4.7万亿港元。从2015年至 今，南向资金始终保持净流入状态，表明内地投资者对港股市场有着持续增强的配置需求。 随着资金南下，港股的投资格局也发生了变化。银河证券策略首席分析师杨超表示，南向资金有望持续涌入港股，改变和优化 港股的投资结构和估值逻辑。"2025年，港股市场迎来科技创新驱动与资金流入的共振窗口期，港股市场在估值中枢修复与盈利 预期改善的双轮驱动下，具备较大的收益空间。科技创新集群效应与新质生产力要素的加速融合，推动了我国产业结构向全球 价值链高端跃迁。南向资金的涌入，是对中国经济未来产业方向进行长期战略配置的体现。"他表示。 互联互通机制开通初期，南向资金净流入规模相对较小，呈现波动上升趋势。2015年，南向资金净流入港股市场的规模为 1 ...

9月3日，A股市场整体下跌。 截至收盘，上证指数收报3813.56点，下跌1.16%，深证成指收报12472点，下跌0.65%，创业板指收报 2899.37点，上涨0.95%，北证50指数下跌1.49%。A股市场合计成交23961.02亿元，较上一交易日减少 5166.64亿元。 1. A股市场全天主力资金净流出479.12亿元 今日A股市场主力资金开盘净流出51.09亿元，尾盘净流出97.71亿元，全天净流出479.12亿元。 | | | 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 | | | 2025-9-3 | -479.12 | -51.09 | -97. 71 | -202. 78 | | 2025-9-2 | -1196. 85 | -404. 51 | -93.05 | -719.76 | | 2025-9-1 | -364.22 | -183.69 | -41.39 | -131.29 | | 2025-8-29 | -527.66 | -222.09 ...

Group 1 - Dow futures down 0.15%, S&P 500 futures up 0.25%, and Nasdaq futures up 0.42% [1] - Chinese concept stocks fell before the market, with Alibaba down 0.90%, Pinduoduo down 0.36%, JD.com down 1.65%, Baidu down 0.10%, and Li Auto down 2.46% [1] - Google shares rose nearly 6% after a U.S. judge ruled that Google does not constitute a monopoly in the search market, rejecting the request for Alphabet to sell Chrome and Android [1] - The World Gold Council is seeking to launch digital gold to expand market coverage, despite many investors valuing gold for its physical properties [1] Group 2 - A U.S. judge dismissed antitrust lawsuits against 10 major banks accused of colluding to manipulate corporate bond prices, including Bank of America, Barclays, Citigroup, and others [2] - Tesla shares rose 1.7% as the Model Y L began deliveries earlier than expected [2] - Figure Technology plans to raise up to $526 million through an IPO, with expectations to enter the capital market on September 4 [2] - Apple shares rose nearly 3% due to multiple positive factors, including a significant victory in the Google antitrust case and increased shipments of the first foldable iPhone [2] Group 3 - Kraft Heinz announced plans to split into two independent publicly traded companies, with one focusing on grocery products and the other on sauces, expected to be completed in the second half of 2026 [3] - Warren Buffett expressed disappointment over the split and the lack of shareholder voting on the company's future [3]

21世纪经济报道记者叶麦穗 资金正在快速流入港股，今年以来，南向资金净流入额超万亿港元。 同花顺数据显示，截至9月2日收盘，当日南向资金净流入92.81亿港元。至此，年内南向资金净流入规模约10002.21亿港元，超 过万亿港元，创2014年港股通开通以来的新高。 南向资金净流入突破1万亿港元 自2014年11月17日沪港通开通以来，互联互通机制持续平稳运行，南向资金净流入港股市场合计达4.7万亿港元。从2015年至 今，南向资金始终保持净流入状态，表明内地投资者对港股市场有着持续增强的配置需求。 机构提升港股配置比例 根据同花顺统计，今年以来南向资金增持最多的10只个股分别是阿里巴巴、腾讯控股、美团、中国人寿、理想汽车、友邦保 险、中国平安、比亚迪股份、晶泰控股和东阳光药，其中阿里巴巴净买入量为126.7亿港元。 据同花顺的统计，南向资金每日成交额占港股比重从沪港深通开通初期的5%左右，上升到目前的36%左右，且今年以来月度占 比基本都维持在30%之上。这不仅为港股市场注入了充沛的流动性，也优化了港股市场的投资结构和定价逻辑。 融智投资基金经理兼高级研究员包金刚在接受记者采访时表示，推动资金南下的主要原因包 ...

Core Viewpoint - The company is committed to strengthening its core business while actively seizing market opportunities and strategically positioning itself in new product and business areas [1] Group 1: New Product Launch - The company officially launched its brand "Chuanxing Zhiyuan" in Shanghai on September 2, 2025, showcasing the S6 Wing version and S6 Side Door version of low-speed unmanned vehicles for the first time [1] Group 2: Strategic Resource Utilization - The company is leveraging its existing mature automotive-grade supply chain resources and technological foundation to efficiently integrate current technologies, production capabilities, and partner networks [1] - This approach enables the company to enter new business areas with lower costs and faster speed, quickly establishing competitiveness in these new fields [1]

每经记者｜宋欣悦 每经编辑｜陈柯名 兰素英 ⑧【多重利好助推，苹果盘前涨近3%】在谷歌垄断案获重大胜利、首款折叠屏iPhone出货量提升，以及即将举行发布会的多重利好助推下，截至发稿， 苹果盘前涨近3%。 ⑨【卡夫亨氏公司宣布将拆分为两家独立上市公司】巴菲特十年前主导的卡夫亨氏并购以拆分收场。当地时间9月2日，卡夫亨氏公司宣布将拆分为两家独 立上市公司：一家负责食品杂货，另一家负责酱料及涂抹酱，拆分预计将在2026年下半年完成。据媒体报道，巴菲特表示，对卡夫亨氏产生拆分的想法感 到失望，而且对股东不会就公司未来的发展情况投票感到失望。周二盘中，卡夫亨氏一度跌超7%。截至发稿，卡夫亨氏涨超1%。 ⑩北京时间9月4日凌晨2点，美联储将公布经济状况褐皮书。 ①【三大期指涨跌不一】截至发稿，道指期货跌0.15%、标普500指数期货涨0.25%、纳指期货涨0.42%。 ②【中概股盘前普跌】中概股盘前普跌，阿里巴巴跌0.90%，拼多多跌0.36%，京东跌1.65%，百度跌0.10%，理想汽车跌2.46%。 ③【美法院裁定无需剥离Chrome和安卓，谷歌盘前涨近6%】谷歌A盘前涨近6%。消息面上，当地时间9月2日，美国法官 ...

Market Overview - The A-share market experienced an overall decline on September 3, with the Shanghai Composite Index closing at 3813.56 points, down 1.16%, and the Shenzhen Component Index at 12472 points, down 0.65%. The ChiNext Index rose by 0.95% to 2899.37 points. The total market turnover was 23961.02 billion yuan, a decrease of 5166.64 billion yuan compared to the previous trading day [2]. Capital Flow - The main capital outflow from the A-share market was 479.12 billion yuan, with an opening net outflow of 51.09 billion yuan and a closing net outflow of 97.71 billion yuan [3][4]. - The CSI 300 index saw a net outflow of 57.65 billion yuan, while the ChiNext experienced a net outflow of 203.51 billion yuan and the STAR Market had a net outflow of 28.31 billion yuan [5]. Sector Performance - In the primary industry sectors, only two sectors saw net capital inflows, with the power equipment sector leading at 70.39 billion yuan, despite a decline of 0.74% [7][8]. - The top five sectors with the largest capital outflows included: - Computer: -172.12 billion yuan - Non-bank financials: -158.23 billion yuan - Defense: -125.99 billion yuan - Machinery: -123.67 billion yuan - Automotive: -117.41 billion yuan [8]. Stock Highlights - The stock with the highest net capital inflow was Yanshan Technology, with 30.18 billion yuan [9]. - Institutions showed interest in several stocks, with notable net purchases in: - Chenxin Pharmaceutical: 115.76 million yuan - Xiaocheng Technology: 110.91 million yuan - Ailuo Energy: 72.55 million yuan [12]. Institutional Focus - Recent institutional ratings and target prices for selected stocks include: - Jinhe Industrial: Strong Buy, target price 28.40 yuan, current price 22.53 yuan, upside potential 26.05% - Hanzhong Precision: Buy, target price 40.55 yuan, current price 26.62 yuan, upside potential 52.33% [14].

中经记者吴清北京报道 在销量和股价困局面前，特斯拉加速战略转型。 当地时间9月2日，特斯拉在其官方社交平台账号上发布了"宏图计划第四篇章"（以下简称"宏图计划 4.0"）。对于如何实现宏图计划4.0，特斯拉创始人马斯克在社交平台上表示，Optimus将是公司最重要 的事项，且未来特斯拉约80%的价值将来自Optimus机器人。 《中国经营报》记者注意到，特斯拉在2006年、2016年和2023年发布的三个宏图计划均与电动车和能源 有关。业内人士认为，此次宏图计划4.0的发布代表着特斯拉的整体战略转型，标志着特斯拉的发展重 心将从电动汽车和能源全面转向人工智能和机器人领域。 对于特斯拉的此次重大转身，业内褒贬不一。多位业内人士在接受记者采访时指出，一方面这代表着特 斯拉面对销量困局，顺应时代热潮的一次转型突围；另一方面，此前特斯拉曾先后发布三个版本的宏图 计划，但多未有效落地。此次宏图计划4.0缺乏细节，在进展方面也含糊其辞，或许是其为提振资本市 场的一次"画饼"行为。 特斯拉的下一站：押注机器人 根据宏图计划4.0的介绍，特斯拉在过去的近二十年里，通过开发电动汽车、能源产品和仿生机器人， 进行了不懈的技术积累 ...

Group 1 - IKEA China plans to invest 160 million yuan in the fiscal year 2026 to launch over 150 lower-priced products, with 70% focused on best-selling items [1] - Anhui Province Industrial Development Investment Company has been established with a registered capital of 5 billion yuan, focusing on investment activities and asset management [1] - The establishment of the Yu Cheng No.1 (Wenzhou) Equity Investment Center has been announced, with a total investment of approximately 1.24 billion yuan, aimed at venture capital and private equity investments [2] Group 2 - Xiaomi Auto has published a patent for a vehicle inspection method that aims to improve traffic efficiency and reduce congestion [3] - Stone Technology has achieved the top market share in both global cleaning robots and vacuum robots, with shares of 15.2% and 20.7% respectively for the first half of 2025 [4] - Jiangci Electronics has completed a pre-A round financing of several million yuan, with funds allocated for production expansion and commercialization in the high-end piezoelectric materials sector [5] Group 3 - Goldman Sachs expresses optimism about the Chinese stock market, indicating that investor sentiment has significantly improved and there is still room for growth [6] - Swiss bank Pictet states that the A-share market is far from bubble territory, with reasonable valuations and increased market activity, suggesting further upward potential [7] Group 4 - The Ministry of Finance plans a second issuance of 50-year special government bonds, with a total competitive bidding amount of 35 billion yuan and a fixed interest rate of 2.10% [8] - Chongqing has allocated an additional 135 million yuan for the 2025 vehicle and electric bicycle trade-in subsidy program, with specific allocations for vehicle scrapping and replacement [9] - India's service sector PMI reached a 15-year high in August, driven by strong demand, although inflationary pressures are also increasing [10]

Group 1 - FTSE Russell announced changes to the FTSE China 50 Index and FTSE China A50 Index, effective after market close on September 19, 2025 [2][3] - The FTSE China A50 Index will include new A-shares: BeiGene Ltd (688235.SH), Neway Valve (300502.SZ), WuXi AppTec (603259.SH), and Zhongji Xuchuang (300308.SZ) [2] - The index will remove A-shares: China National Nuclear Power (601985.SH), China Unicom (600050.SH), Guodian Nanjing Automation (600406.SH), and Wanhua Chemical (600309.SH) [2] Group 2 - The FTSE China A50 Index is a significant reference for overseas investors, and historical adjustments have attracted substantial passive capital from abroad [3] - The FTSE China 50 Index remains unchanged, with only the list of candidate stocks updated, including China Hongqiao (01378), Hansoh Pharmaceutical (03692), Huatai Securities (06886), JD Health (06618), and New China Life Insurance (01336) [3]