东吴证券指出，从经济基本面看，今年留给美联储降息的窗口不多，宽财政对经济的脉冲效应还在路 上。一季度美联储不降息的话，港股反弹节奏就更要看分子端情况。港股整体配置维持哑铃策略，建议 控制配置仓位，等待更多消息释放。价值红利为底仓，进攻方向继续关注市场共识，AI科技、有色、 创新药。 港股今日冲高回落，恒指早盘一度冲破两万七，恒科指数午后则一度转跌。截止收盘，恒生指数涨 0.9%或239.99点，报26848.47点，全日成交额为3151.92亿港元；恒生国企指数涨0.71%，报9285.41点； 恒生科技指数涨0.11%，报5869.79点。 蓝筹股表现 药明康德（603259）(02359)领涨蓝筹。截至收盘，涨8.3%，报120港元，成交额14.22亿港元，贡献恒指 6.85点。1月12日晚，药明康德公布，公司全年预计实现营业收入454.56亿元，同比增长15.84%；其 中，持续经营业务收入同比增长约21.40%。预计经调整归母净利润149.57亿元，同比增长约41.33%；归 属于公司股东的净利润191.51亿元，同比增长约 102.65%。 其他蓝筹股方面，药明生物(02269)涨5.85%，报39 ...

Market Overview - The Hong Kong stock market experienced fluctuations, with the Hang Seng Index rising by 0.9% to close at 26,848.47 points, and a total trading volume of HKD 315.19 billion [1] - The Hang Seng Tech Index saw a slight increase of 0.11%, closing at 5,869.79 points [1] Blue Chip Performance - WuXi AppTec (02359) led the blue-chip stocks, rising 8.3% to HKD 120, contributing 6.85 points to the Hang Seng Index. The company expects a revenue of RMB 45.456 billion for the year, a year-on-year increase of 15.84% [2] - Other notable blue-chip performances include WuXi Biologics (02269) up 5.85%, Alibaba (09988) up 3.63%, while Tingyi (00322) and China Resources Mixc Lifestyle (01209) saw declines of 4.34% and 3.32% respectively [2] Sector Highlights - The innovative drug sector showed strong performance, with companies like Rongchang Biologics (09995) rising nearly 8% after announcing a collaboration with AbbVie, which includes an upfront payment of USD 650 million [3][4] - AI healthcare stocks also gained traction, with Ark Health (06086) surging 65.82% and other related stocks like Jingtai Holdings (02228) and Alibaba Health (00241) also seeing increases [4] Geopolitical Impact - The escalation of tensions between the U.S. and Iran led to a rise in gold and oil stocks, with China Gold International (02099) increasing by 7.36% and Shandong Molong (00568) rising by 14.56% [5][6] - The geopolitical situation is expected to cause volatility in oil prices, with Citigroup predicting gold prices could reach USD 5,000 per ounce in a bullish scenario [6] New Listings and Company Developments - Three new stocks, including Zhaoyi Innovation (03986), debuted on the Hong Kong Stock Exchange, with Zhaoyi Innovation rising 37.53% [7] - Dongfeng Motor Group (00489) saw a rise of 6.79% following news of a proposed privatization plan [9] - However, Hillstone Technology (01478) faced a decline of 6.18% after a report indicated lower-than-expected camera module shipments [10]

Group 1 - The company participated in an investment through a fund subscription of 90 million RMB in 2022 [1] - The fund invested 17.572 million RMB in Muxi Co., Ltd. [1] - The fund invested 59.395 million RMB in Blue Arrow Aerospace [1]

1月13日，A股三大股指早盘冲高回落，午后震荡下跌，截止收盘，上证综指下跌26.53点，跌幅0.64% 报4138.76点；深证成指下跌197.51点，跌幅1.37%报14169.4点；沪深300指数下跌28.88点，跌幅0.6%报 4761.03点；创业板指下跌66.45点，跌幅1.96%报3321.89点；科创50指数下跌42.27点，跌幅2.8%报 1469.57点；盘中创业板指一度跌超2%，沪指跌近1%；全天成交额较昨日再度放量，两市成交额录得 3.65万亿再创历史新高，两市超3500只个股下跌。 盘面上，AI应用概念逆势上涨，十余只成分股涨停，引力传媒、利欧股份、省广集团涨停。AI医疗概 念反复活跃，美年健康3连板，泓博医药、新赣江等多股涨停。电网设备概念午后走强，特变电工、三 变科技涨停；零售概念表现活跃，三江购物2连板；贵金属板块走高，晓程科技涨超8%；减肥药板块拉 升，普洛医药逼近涨停；创新药、锂矿概念及游戏等板块涨幅居前。下跌方面，多家公司公告提示风 险，商业航天、卫星互联网板块大退潮，航天电子、中国卫通、航天科技等近百股跌超8%；大飞机、 军工板块走低，中天火箭、雷科防务等多股跌停；可控核 ...

Core Viewpoint - In 2025, China's technological advancements demonstrate a commitment to self-reliance and innovation, showcasing significant achievements across various sectors, including high-speed rail, AI, aerospace, and energy [1][2]. Group 1: Technological Breakthroughs - The CR450 train set a new benchmark in high-speed rail technology with a speed of 400 km/h, entering a commercial operation technology frontier [4]. - The National University of Defense Technology's maglev team achieved a world record by accelerating a ton-level test vehicle to 700 km/h in just 2 seconds [4]. - The Shenzhou-22 spacecraft completed China's first emergency manned space launch in 16 days, transforming "earth-space rescue" from science fiction into reality [4]. - China's first commercial space launch site in Hainan was operational within 32 months, demonstrating remarkable efficiency [4]. Group 2: Innovation Mechanisms - The CR450 project established a mechanism combining experimental exploration with iterative R&D, validating top-level indicators through real-world testing [5]. - The aerospace sector employs a rolling backup model for safety and a multi-system collaborative capability to enhance emergency preparedness [5]. - China is now leading in its own innovation paths rather than merely following others, redefining speed as a means to achieve remarkable outcomes [5]. Group 3: Resource and Energy Developments - China's lithium reserves increased from 6% to 16.5% of the global total, ranking second worldwide, which supports the development of high-tech industries like electric vehicles [6]. - The EAST project achieved a world record of 1 million degrees Celsius for 1066 seconds, advancing fusion energy research [6]. Group 4: Economic and Market Integration - In 2024, China's R&D expenditure exceeded 3.6 trillion yuan, maintaining the second position globally, with an R&D intensity of 2.69% [10]. - China ranked 10th in the global innovation index in 2025, marking the fastest improvement among major economies over the past decade [10]. - The number of effective invention patents surpassed 5 million, solidifying China's position as a leader in technological innovation [10]. Group 5: Collaborative Innovation - Over 570 industrial enterprises in China are among the global top 2500 R&D investors, with significant contributions from companies like Huawei and BYD [11]. - The number of specialized and innovative small and medium-sized enterprises exceeded 600,000, with 14,000 recognized as "little giants" contributing significantly to profits [11]. - The national technology contract transaction amount grew from 2.83 trillion yuan to 6.84 trillion yuan from 2020 to 2024, indicating a robust collaborative innovation mechanism [11]. Group 6: Global Cooperation and AI Development - China promotes open-source AI, with companies like DeepSeek leading the way in making AI technology accessible and affordable [16]. - Major Chinese cities are being developed as international technology innovation centers, enhancing China's global innovation influence [17]. - China's response to technology blockades has highlighted its resilience in self-innovation, particularly in the AI chip market [18].

据第一财经，有专家分析指出，"比如，公司给年轻员工提供低于市场价的住房租赁服务，比 如某地段市场租金3000元，而单位提供给员工租房只收1000元，这种情形原来是不需要交税 的，而今年起就得交税了。" 据央视新闻， 增值税法及其实施条例已经从2026年1月1日起正式实施。 在中国境内的应税交 易需要缴纳增值税，而不属于应税交易则不用缴纳增值税。增值税法列举了四类不属于应税交 易情形，与之前法规相比，删去了"单位或者个体工商户为聘用的员工提供服务"这一条款。 更多内容详见→ 2026年1月1日起，增值税法正式实施， 删除了"单位或者个体工商户为聘用的员工提供服 务"免税条款，明确单位向员工提供餐饮、住宿等有偿服务需缴纳增值税 （一般纳税人6%，小规 模纳税人3%） ，无偿服务则不征税。 三部门就《中华人民共和国增值税法实施条例》答记者问 这意味着，一些企事业单位等给员工的福利之一，就是单位食堂价格或宿舍房租价格远远低于 市场价， 这在以前是不用缴纳增值税，但2026年以后可能要交税了。 来源丨央视新闻、第一财经 编辑丨江佩佩 又一股被强制退市，一字跌停！股价蒸发8成 商业航天概念反弹，陕西华达涨停，中国卫星拉升 ...

昨天联手大涨的商业航天和AI应用板块，今天上午，两者走势"分道扬镳"。 商业航天板块大幅波动，在早盘的前7分钟，板块持续下跌，中国卫通、航天发展、航天机电等多只人气股直线跌停。10:35之后，商业航天板块迎来修 复，临近上午收盘，板块拉升，跌幅收窄。 AI应用继续上涨，其中，"AI+制药""AI+医疗"方向走势最强。迪安诊断、中文在线、天龙集团等个股大涨。 此外，保险、油气开采、锂矿等板块上涨。截至上午收盘，上证指数下跌0.03%，深证成指下跌0.31%，创业板指下跌0.83%。 | 医药股大涨 | | --- | | 今天上午，医药股大涨，医疗服务、生物制品等板块涨幅居前。 | | 迪安诊断 | 31.27 | 19.99% | 157亿 | | --- | --- | --- | --- | | 融 300244 | | | | | 3天3板 最终涨停09:35 | | | | | 兰卫医学 | 13.28 | 19.96% | 47.8 Z | | 融 301060 | | | | | 首板涨停 最终涨停 09:55 | | | | | 博深失药 | 12.92 | 19.96% | 36.3 Z | ...

昨天联手大涨的商业航天和AI应用板块，今天上午，两者走势"分道扬镳"。 商业航天板块大幅波动，在早盘的前7分钟，板块持续下跌，中国卫通、航天发展、航天机电等多只人气股直线跌停。10:35之后，商业航天板块迎来修 复，临近上午收盘，板块拉升，跌幅收窄。 AI应用继续上涨，其中，"AI+制药""AI+医疗"方向走势最强。迪安诊断、中文在线、天龙集团等个股大涨。 此外，保险、油气开采、锂矿等板块上涨。截至上午收盘，上证指数下跌0.03%，深证成指下跌0.31%，创业板指下跌0.83%。 医药股大涨 RC148是荣昌生物研发的一款新型靶向PD-1/VEGF的双特异性抗体药物。目前，荣昌生物正在国内开展RC148单药及联合疗法治疗多种晚期恶性实体瘤患 者的临床研究。荣昌生物上午迎来"20CM"涨停。 2025年5月，三生制药与辉瑞达成的授权交易刷新多项行业纪录。这一事件，重塑了市场对国产创新药出海价值的认知。此后，市场迎来一波创新药板块 行情。 此外，消息面上也有催化。一是当地时间1月12日，英伟达与礼来宣布成立首个专注于将人工智能应用于药物研发挑战的联合创新实验室。 今天上午，医药股大涨，医疗服务、生物制品等板块涨幅 ...

AI医疗概念反复活跃，美年健康、迪安诊断双双3连板，泓博医药20cm涨停； 商业航天概念局部走强，陕西华达、电科芯片均涨停。 早盘创业板指冲高回落，盘中一度跌超1%。南财金融终端显示，截至早盘收盘，沪指跌0.03%，深成指跌0.31%，创业板指跌0.83%。 盘面上热点快速轮动，全市场超2800只个股下跌。 从板块来看，AI应用概念延续强势，十余只成分股涨停，引力传媒、利欧股份、省广集团涨停； | 沪深A股 | | 上证A股 深证A股 | 创业板 科创板 风险警示 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 名称 | 涨幅 | 最新价 | 涨跌 | | 量比 | 换手率 | 振幅 | 成交额▼ | | 1 002202 | | 金风科技 | -0.03% | 35.12 | -0.01 | +0.34% | 1.18 | 19.57% | 15.40% | 220.35亿 | | 2 300058 | | 蓝色光标 | +6.79% | 22.02 | +1.40 | +0. ...

昨天联手大涨的商业航天和AI应用板块，今天上午，两者走势"分道扬镳"。 医药股大涨 今天上午，医药股大涨，医疗服务、生物制品等板块涨幅居前。 | V | 医疗服务 21081.59 6.17% | | | | --- | --- | --- | --- | | 基金 成分股 | 简况(F10) | 资金 | 板块分 | | 名称代码 | 最新 | 涨幅 ◆ | 流通市值 | | 诺思格 融 301333 | 76.48 | 20.01% | 43.7 亿 | | 首板涨停 最终涨停10:07 | | | | | 泓博医药 融 301230 | 56.64 | 20.00% | 71.2亿 | | 3天2板 最终涨停09:25 | | | | | 普露斯 301257 | 72.24 | 20.00% | 54.4亿 | | 首板涨停 最终涨停 09:47 | | | | | 迪安诊断 | 31.27 | 19.99% | 157亿 | | --- | --- | --- | --- | | 融 300244 | | | | | 3天3板 最终涨停09:35 | | | | | 兰卫医学 | 13.28 | 1 ...