Group 1: Central Bank Operations - The central bank conducted a 310.5 billion yuan 7-day reverse repurchase operation, with a bid amount and winning amount of 310.5 billion yuan, maintaining an operation rate of 1.40% [1] Group 2: Banking Sector Performance - A-shares in the banking sector experienced fluctuations but generally rose, with China Bank's stock price increasing over 2% to reach a new high, alongside significant gains from other banks such as Everbright Bank and CITIC Bank [2] - The rise in bank stock prices reflects positive market expectations for future growth in the financial industry, likely driven by economic recovery expectations and policy support [2] Group 3: Insurance Sector Performance - The insurance sector in A-shares continued to rise, with China Life and China Property & Casualty Insurance both increasing over 3%, along with other major insurers [3] - The notable growth in the insurance sector indicates investor optimism, potentially influenced by market perceptions of economic stability and increased risk management awareness among individuals [3] Group 4: Gold Market Trends - Spot gold prices reached 4,100 USD per ounce, reflecting a 0.85% increase during the day [4] - The rise in gold prices indicates a sustained preference for safe-haven assets, driven by increasing geopolitical risks and inflation pressures, showcasing gold's appeal as a traditional safe-haven investment [4]

（编辑：杨井鑫 审核：朱紫云 校对：翟军） 中经记者 郝亚娟 夏欣 上海 北京报道 11月19日，在星展银行与中关村高新技术企业协会联合举办的"2025新质生产力峰会"上， 中关村高新技术企业协会会长曹毅指出："中关村作为新质生产力代表，在AI、机器人、生物医药等领 域持续引领创新。协会发布的'中关村高成长企业TOP100'报告显示，入选企业三年营收平均增速超 35%，研发占比达16.8%，65家与高校共建研发平台，28家企业实现海外营收，营收占比超22%。" 据了解，星展银行携手中关村高新技术企业协会、北京人形机器人创新中心、星展证券、国元证券、中 国邮政储蓄银行、深圳农商银行、新加坡特许会计师协会、清华上海校友会金融与产业专委会，共同发 起成立"科创出海联盟"。该联盟致力于打造一个兼具"本土深度、全球广度、行业精度、在地经验"的一 站式赋能平台，通过构建"联通政企、创新孵化、金融支持"的生态闭环，精准破解中国科创企业在出海 过程中面临的市场准入、跨境金融、政策合规及本地化落地等核心挑战。依托联盟成员在境内外的广泛 网络与生态资源，将为科创企业从初创到成熟各个阶段的发展和国际化提供全生命周期支持，搭建起一 ...

编辑丨曾静娇 北京时间20日凌晨，美国三大股指小幅收涨，道指涨0.1%报46138.77点，标普500指数涨0.38%报 6642.16点，纳指涨0.59%报22564.23点。 | 道琼斯 | 纳斯达克 | 标普500 | | --- | --- | --- | | 46138.77 | 22564.23 | 6642.16 | | +47.03 +0.10% | +131.38 +0.59% | +24.84 +0.38% | | 中国金龙指数 | 纳指100期货 | 标普500期货 | | 7673.21 | 24958.75 | 6696.00 | | -119.79 -1.54% | +363.00 +1.48% | +56.25 +0.85% | 大型科技股多数上涨，万得美国科技七巨头指数涨0.87%。个股方面，谷歌涨3%，英伟达涨近3%，特 斯拉涨0.68%，苹果涨0.42%，亚马逊涨0.06%，微软、脸书跌超1%。 记者丨黎雨桐 消息面上，英伟达公布财报显示，英伟达第三财季营收为570.1亿美元，超出市场预期的549.2亿美元； 净利润为319.1亿美元，同比大涨65%，经调整后的每股收益为1 ...

（原标题：年内重要股东增持超930亿元 金额创近三年新高） 证券时报记者 张娟娟 11月以来，多家A股上市公司发布增持计划，皇台酒业控股股东拟增持7000万元至1.4亿元，江苏有线控股股东拟增持1亿元至1.5亿元，华兰股份 控股股东拟增持3000万元至6000万元。 据证券时报·数据宝统计，截至11月19日，今年以来A股公司重要股东增持金额超930亿元，创2023年以来新高。 年内增持金额创近3年新高 南京银行年内增持金额超过59亿元，增持的股东有法国巴黎银行、南京高科、紫金信托、东部机场等。法国巴黎银行早在去年就多次增持南京银 行，截至2025年三季度末，法国巴黎银行持有公司流通股比例超过17%，为公司第一大股东。 今年前三季度，南京银行实现营收超419亿元，归母净利润超180亿元，营收及净利润同比增幅均超过8%。光大证券表示，公司营收增速稳中有 升，业绩增长韧性强，规模扩张节奏加快，对公重点领域信贷投放景气度高。上述重要股东主要通过可转债转股或二级市场方式增持，彰显对公 司未来发展前景的信心和价值成长的认可。 盐湖股份年内增持金额超过45亿元，全部由五矿集团实施，累计增持近2.5亿股，增持集中在今年7月至 ...

记者丨黎雨桐 编辑丨曾静娇 北京时间20日凌晨，美国三大股指小幅收涨，道指涨0.1%报46138.77点，标普500指数涨0.38%报6642.16点，纳指涨0.59%报22564.23点。 | 道琼斯 | 纳斯达克 | 标普500 | | --- | --- | --- | | 46138.77 | 22564.23 | 6642.16 | | +47.03 +0.10% +131.38 +0.59% +24.84 +0.38% | | | | 中国金龙指数 | 纳指100期货 | 标普500期货 | | 7673.21 | 24958.75 | 6696.00 | | -119.79 -1.54% +363.00 +1.48% | | +56.25 +0.85% | 消息面上，英伟达公布财报显示，英伟达第三财季营收为570.1亿美元，超出市场预期的549.2亿美元；净利润为319.1亿美元，同比大涨65%， 经调整后的每股收益为1.30 美元，高于市场预期的1.25美元。数据中心——英伟达最重要的业务——Q3营收为512亿美元，轻松超过分析师预 测的490.9亿美元，同比增长66%。其中，"计算"（即GP ...

11月19日，由南京银行直供的4处商铺拍卖成功，评估总价1783万元，起拍价600万元，成交价721万 元，成交价相对市价打了六折。 记者注意到近期在阿里拍卖平台上，银行"直供房"数量明显增多。 银行"直供房"指借款人贷款违约后，银行通过债权获得抵押物不动产完整产权，再在公开市场销售的房 产。银行下场卖房并非不计成本，而是为处置不良资产、尽快回笼资金并补充当期利润。业内人士预 计，未来银行"直供房"数量仍会上升。 "直供房"批量挂牌 11月19日，佛山农商行持有的一处写字楼房产以超4.5亿元起拍价上架拍卖。这并非个例，银行"直供 房"正呈现批量挂牌的趋势。 证券时报记者浏览阿里资产"银行直供"专栏发现，百余套待拍卖房产正在挂牌，涵盖临街商铺、住宅、 厂房等多种类型房产，分布于北京、广东、广西、贵州、内蒙古、甘肃等多个省份。这些房产的卖方阵 容广泛，包括六大国有银行各地分行、股份制银行分行，以及杭州银行（600926）、兰州银行 （001227）等区域性城商行与农商行。 挂牌的房产起拍总价根据房产质量和区域的不同大多在万元至百万元不等，也有不少房产价值逼近亿 元。值得注意的是，大多数银行"直供房"起拍价均打折， ...

Core Insights - Foreign institutions significantly increased their holdings in Chinese assets during the third quarter, with major players like Goldman Sachs, Morgan Stanley, and Merrill Lynch raising their A-share positions by over 20% [1][3] - The China Overseas Internet ETF (KWEB) saw substantial investment from foreign institutions, with its size growing from $6.373 billion at the end of the first half to $9.793 billion by the end of the third quarter [2] Group 1: Foreign Investment Trends - Major foreign institutions such as Bank of America, UBS, Morgan Stanley, and Millennium Management have increased their holdings in the China Overseas Internet ETF, with share counts rising by 215.89%, 35.29%, 24.76%, and 307.44% respectively [2] - As of the end of the third quarter, 3,554 A-share companies had foreign institutional holdings, totaling approximately ¥2.73 trillion, reflecting a 12.4% increase from the previous quarter [3] Group 2: Specific Stock Increases - Citigroup held 3.83 million shares of Alibaba, with a market value of $684 million, showing a quarter-on-quarter increase of 5.63% in shares and 66.45% in market value [3] - JPMorgan held 5.58 million shares of Pinduoduo, with a quarter-on-quarter increase of 17.5% in shares and 48.38% in market value [3] - Citigroup held 350,000 shares of Baidu, with a quarter-on-quarter increase of 6.75% in shares and 64% in market value [3] Group 3: Institutional Insights - Notable foreign institutions such as Morgan Stanley, Goldman Sachs Asia, and Merrill Lynch significantly increased their A-share holdings, with Morgan Stanley's increase exceeding 30% at 33.1% [3] - As of the third quarter of 2025, foreign institutional investors further increased their holdings in Chinese stocks, with the top 40 global investment institutions' holdings rising to 1.1%, the highest level since the first quarter of 2023 [3]

金博会现场，工行深圳市分行的展台前人头攒动。 工行深圳市分行展位部分产品展示。 在科技金融展区，观众的目光聚焦在一架外骨骼机器人上。碳纤维材质的机器人正在帮助体验者尝试各 类动作，整体显得尤为轻盈。这项产品正是来自深圳市肯綮科技有限公司，其已经是国内外骨骼机器人 四大头部厂商，展出的量产型号"π"外骨骼已经在泰山、黄山等景区规模运营。 在企业发展的关键期，深圳工行给予全方位的金融支持，帮助其实现技术转化落地、扩大生产规模、加 强市场推广，进而完成产品的规模化销售和品牌知名度的提升。 深圳是全国科技创新高地，在这里，每平方公里孕育着超12.5家国家级高新技术企业，PCT国际专利申 请量更是连续21年居全国首位。像肯綮科技这样的科技企业因"高技术、高成长、轻资产"的特性，往往 与银行传统信贷逻辑存在错位。如何破解科技企业的融资难题，为深圳城市发展持续注入鲜活动力？深 圳工行在活动现场展示了其在产品、机制、技术三方面的成果，全方位呈现适配科技企业发展的金融服 务体系。 市民在工行深圳市分行展位现场参与体验互动。 11月19日上午，第十九届深圳国际金融博览会(以下简称"金博会")在深圳会展中心(福田)开幕，本届金 博 ...

Market Overview - The A-share market experienced fluctuations, with the Shanghai Composite Index closing up 0.18% at 3946.74 points, while the Shenzhen Component Index slightly declined by 0.04% to 13080.09 points, and the ChiNext Index rose by 0.25% to 3076.85 points. The total trading volume across the Shanghai and Shenzhen markets reached 17,428 billion yuan [1]. Aquaculture Sector - The aquaculture sector saw a significant surge, with the water product index rising by 9.52% by the end of the trading day. Key stocks such as Guolian Aquatic (20% increase), Zhanzi Island, and Dahu Co. all hit the daily limit [2]. - The Chinese government announced a suspension of imports of Japanese seafood due to Japan's failure to provide promised quality assurance materials, which has led to a strong market reaction in the aquaculture sector [2]. - According to a report, China's marine aquaculture production is expected to exceed 37 million tons in 2024, with a per capita consumption of 26.7 kg, indicating a growing demand for high-quality protein [2]. Banking and Insurance Sectors - The banking sector showed strong performance, with China Bank rising nearly 4% to a historical high, and other banks like Everbright Bank and Ping An Bank also seeing increases of nearly 2% [4]. - Financial analysts noted that the banking sector's expansion has slowed, but there is potential for improved profitability due to regulatory support and a focus on liquidity management as the year-end approaches [4]. - The insurance sector also performed well, with major companies like China Life and China Pacific Insurance seeing gains of nearly 3% [4][5]. - A report indicated that A-share listed insurance companies are expected to achieve high growth in earnings by the third quarter of 2025, driven by a recovering capital market and improved operational efficiency [5]. Metals Sector - The metals sector, particularly precious metals, experienced strong gains, with the precious metals index rising by 5.38%. Key stocks such as Zhongjin Gold and Shandong Gold saw significant increases [7]. - International gold prices also rose, with COMEX gold futures up by 0.7% to $4095.1 per ounce, indicating a favorable outlook for the precious metals market [7]. - Analysts are optimistic about the industrial metals market, predicting continued price increases for copper and aluminum, as well as a shift in supply-demand dynamics for lithium due to rising storage demand [7].

市场 来源：环球市场播报 欲览更多环球财经资讯，请移步7×24小时实时财经新闻 11月20日收盘：美股收高科技股领涨 市场聚焦英伟达财报 11月20日美股成交额前20：英伟达三季度营收超预期，四季度财测乐观 11月20日热门中概股多数下跌 台积电涨1.60%，小鹏汽车跌6.41% 周三国际油价因俄乌停火新动向而下跌 黄金企稳 现货黄金微涨0.28% 欧洲股票市场持稳 投资者关注俄乌和平协议的可能性及英伟达业绩 宏观 特朗普政府再度推动俄乌停战 美陆军高官已赴乌克兰 利率不降就炒贝森特鱿鱼 特朗普对财长的玩笑暗讽鲍威尔 特朗普称美国必须允许技术移民 承认此立场或引发MAGA支持者不满 报道：特朗普政府考虑推迟削减对生物燃料进口的激励措施 特朗普称美沙投资论坛达成2700亿美元巨额协议 沙特与美国签署人工智能战略合作伙伴关系 会议纪要凸显美联储分歧 "许多"官员倾向于反对12月降息 美国10月非农不发布 12月降息概率暴降 美国劳工统计局取消发布10月就业报告 美国8月贸易逆差显著下降 美国拟新增多达10座核反应堆 或通过日本投资承诺实现 美司法部长称将在30天内公布爱泼斯坦案卷宗 公司 英伟达第三财季营收570 ...