Core Viewpoint - The computing hardware stocks are experiencing significant gains, driven by increased demand for 1.6T optical modules, with major clients revising their procurement plans upwards due to the rapid growth in AI training and inference network bandwidth needs [2][6]. Group 1: Stock Performance - Yuanjie Technology (688498) approached a "20cm" limit up, reaching a historical high with a rise of 17.67% [2]. - New Yisheng and Hubei Broadcasting both increased by over 10%, while Zhongji Xuchuang and Industrial Fulian rose by over 9% [6]. - The overall market saw over 4,200 stocks rising, with the ChiNext Index up by 3.18%, the Shanghai Composite Index up by 1.16%, and the Shenzhen Component Index up by 2.01% [10][11]. Group 2: Demand for Optical Modules - A report from Industrial Securities indicates that the demand for 1.6T optical modules is continuously being revised upwards, with procurement plans increasing from 10 million to 20 million units by 2026 [6]. - The increase in demand is attributed to the accelerated deployment of GB300 and the subsequent Rubin platform, which is driving the need for higher bandwidth in AI applications [6]. Group 3: Individual Stock Highlights - Hanwujing-U recorded a transaction volume exceeding 10 billion, with a current increase of 3.8% [8]. - In the Hong Kong market, telecommunications and network infrastructure stocks saw rapid gains, with Huiju Technology rising over 13% and Changfei Optical Fiber Cable increasing over 6% [6].

每经AI快讯，CPO等算力硬件股午后走强，新易盛、中际旭创涨超10%，天孚通信、工业富联涨超 6%，胜宏科技、景旺电子涨超5%。 （文章来源：每日经济新闻） ...

Group 1 - The core viewpoint of the article highlights the strong performance of the technology sector, particularly in electronic components, semiconductors, and artificial intelligence, with significant gains in related ETFs [1] - The ChiNext AI ETF (159246) saw an intraday increase of 4.79%, while the Sci-Tech Chip ETF (588810) and Communication Equipment ETF (159583) rose by 2.65% and 2.43% respectively [1] - Notable individual stocks within the ChiNext AI ETF include Zhongji Xuchuang, which surged over 10%, and Xinyi Sheng and Tianfu Communication, which increased by over 7% and 5% respectively [1] Group 2 - Recent policy support for AI computing infrastructure has been introduced, with the Ministry of Industry and Information Technology launching a "millisecond computing" initiative, promoting distributed and edge collaborative development of AI computing [1] - This initiative signifies a transition in China's digital economy from "computing scale" to "computing efficiency," suggesting ongoing benefits for the communication equipment, domestic AI chip, and edge computing industries [1] - The ChiNext AI ETF (159246) tracks an index comprising 50 selected companies from the ChiNext board, covering the entire AI industry chain, including hardware, software, and application sectors, with a focus on leading companies in communication equipment and optical modules [1]

新华财经北京10月21日电（罗浩）沪深两市三大股指10月21日早间普遍高开，各股指盘初有所回落，但 均为回补与上一交易日之间缺口，此后呈震荡上扬态势，至午间收盘时沪指显著上涨，深成指和创业板 指大幅上涨。 盘面上，科技类龙头股大多延续上一交易日反弹态势，至午间收盘时，中际旭创涨10.17%，新易盛涨 8.51%，立讯精密涨7.40%，胜宏科技涨4.83%，工业富联涨5.87%，中芯国际涨3.38%，香农芯创涨 8.67%。 板块方面，培育钻石和页岩气板块领涨，工程机械、通信设备、船舶、元器件、MicroLED、存储芯 片、海洋经济、保险、先进封装、半导体、PCB等板块亦有显著上涨。上一交易日大幅上涨的煤炭板块 和燃气板块出现调整。 至午间收盘时，上证指数报3910.13点，涨幅1.20%，成交额约5094亿元；深证成指报13065.58点，涨幅 1.97%，成交额约6422亿元；创业板指报3080.79点，涨幅2.92%，成交额约2974亿元；科创综指报 1609.78点，涨幅2.02%，成交额约1139亿元；北证50指数报1452.56点，涨幅1.63%，成交额约117亿 元。 天风证券：同样考虑与今年类似 ...

Core Insights - Shenzhen has transformed from a small border town into a modern international metropolis with a population of nearly 20 million and a GDP growth from 270 million to 3.68 trillion yuan over 45 years [1][2][5] - The city is home to 12 national high-tech enterprises per square kilometer, the highest density in the country, and has nurtured global giants like Huawei, BYD, and Tencent, along with 1,025 national-level specialized "little giants" [2][6] - Shenzhen's development is characterized by a strong culture of innovation and reform, with a commitment to high-quality growth and a focus on attracting and retaining talent [20][24] Economic Growth - Shenzhen's GDP has seen significant milestones, breaking the 100 billion yuan mark in 1996, 1 trillion in 2010, and reaching 3.68 trillion in 2024 [5][6] - The city's industrial output value increased by 4.4% year-on-year from January to August 2025, with high-tech products like drones and industrial robots experiencing rapid growth [6][19] Innovation and Technology - Huawei's projected sales revenue for 2024 is 862.1 billion yuan, reflecting a 22.4% year-on-year increase, with a strong focus on R&D, which accounts for over 20% of its annual revenue [4][19] - Shenzhen's R&D investment reached 243.64 billion yuan in 2024, ranking second among major cities in China, with over 90% of R&D activities conducted by enterprises [19][20] Talent Attraction and Retention - Shenzhen has implemented various initiatives to attract talent, including free accommodation for job-seeking graduates and support for entrepreneurial teams, particularly from Hong Kong and Macau [23][24] - The city boasts a talent pool of 7 million, including 26,200 high-level professionals and 920 scholars listed among the top 2% of scientists globally [24][25] Special Economic Zones and Reforms - The Qianhai area, known as the "special zone within a special zone," has seen its GDP grow from 175.7 billion yuan in 2021 to 300.8 billion yuan in 2024, showcasing its role as a testing ground for reforms [10][11] - Shenzhen's commitment to innovation is evident in its continuous exploration of government-market relations and the establishment of a series of institutional innovations that have been replicated nationwide [11][20]

Core Viewpoint - The market experienced a rebound with the ChiNext Index rising by 2.92%, and nearly 4600 stocks across the market saw gains, indicating a broad-based recovery in investor sentiment [1] Market Performance - The Shanghai and Shenzhen markets recorded a total trading volume of 1.15 trillion, a decrease of 11.5 billion compared to the previous trading day [1] - The Shanghai Composite Index increased by 1.2%, the Shenzhen Component Index rose by 1.97%, and the ChiNext Index surged by 2.92% [1] Sector Highlights - The deep earth technology concept continued to strengthen, with companies like ShenKai Co. and Petrochemical Machinery achieving consecutive gains [1] - The computing hardware sector maintained its strong performance, with significant increases in the shares of the "Easy Zhongtian" optical module giants [1] - The Apple supply chain showed active performance, highlighted by a surge in shares of Huanxu Electronics, which hit the daily limit [1] - The storage chip sector saw a substantial rise, with Xiangnong Chip Innovation increasing by over 13% during trading [1] Declining Sectors - Coal stocks generally declined, with companies like Antai Group experiencing significant drops [1] - Sectors such as cultivated diamonds, CPO, and engineering machinery led the gains, while coal and other sectors faced the largest declines [1]

Core Insights - The Hang Seng High Dividend Yield Index increased by 0.22% as of October 21, 2025, with notable gains from stocks like Bosideng (up 6.22%) and China Pacific Insurance (up 3.15%) [3] - The CSI Dividend Index fell by 0.38%, with Wujin Stainless Steel leading gains at 5.51% while Yanzhou Coal Mining led losses at 4.45% [6] - The A-share market opened slightly higher but faced a pullback, with major indices closing up but showing a bearish candlestick pattern [7] Market Performance - The Hang Seng High Dividend ETF (513690) rose by 0.45%, reaching a latest price of 1.11 CNY, with a 1-week cumulative increase of 3.09% [3] - The Dividend ETF (515890) decreased by 0.47%, with a latest price of 1.48 CNY and a 1-week cumulative increase of 1.78% [6] - The Large Cap Growth ETF (159203) surged by 1.94%, with a latest price of 1.31 CNY and a 3-month cumulative increase of 22.32% [6] Economic Data - The actual GDP growth for Q3 2025 was 4.8%, down from 5.2% in the previous quarter, indicating increased internal economic pressure [7] - Retail sales in September grew by 3%, a decrease from 3.4% previously, while fixed asset investment saw a decline of 0.5% year-on-year [9] Investment Trends - There is a noted calendar effect for dividend assets entering Q4, with significant excess returns observed in December, January, and April [8] - The market is currently experiencing a style shift, with a focus on "countermeasures + hedging" themes due to external uncertainties [8] Fund Performance - The latest scale of the Hang Seng High Dividend ETF reached 5.628 billion CNY, marking a one-year high, with a total of 5.134 billion shares outstanding [10] - The fund has seen continuous net inflows over the past week, with a peak single-day net inflow of 49.21 million CNY, totaling 180 million CNY in net inflows [10]

市场主要指数今日（10月21日）集体高开，近3000只股开盘上涨。 盘面上，工程机械板块大幅拉升，山河智能、建设机械涨停，铁建重工、志高机械等跟涨。 保险股延续强势，中国人寿涨超3%，中国太保涨超2%；多元金融走强，鲁信创投、瑞达期货涨停。 油气开采及服务板块延续大涨，通源石油、潜能恒信涨超6%。 培育钻石概念爆发，惠丰钻石、四方达、英诺激光涨超10%，黄河旋风涨停。存储芯片概念大涨，大为股份涨停，雅创电子（维权）、云汉芯城涨超 10%。CPO概念继续强势，汇绿生态收获两连板，中富电路、源杰科技、斯瑞新材等跟涨。 22股杠杆资金加仓超1亿元 截至10月20日，市场融资余额合计2.41万亿元，较前一交易日增加3.96亿元。 社保基金三季度重仓股： 新进4股，增持5股 财报季，社保基金持股动向曝光！社保基金最新出现在18只个股前十大流通股东名单中，合计持股量1.9亿股，期末持股市值合计70.45亿元。持股变动显 示，新进4只，增持5只，不变2只，减持7只。 具体到个股，10月20日获融资净买入千万元以上的有386只，其中22只融资净买入额超1亿元。中际旭创融资净买入额居首，当日净买入11.24亿元；其次 是胜宏科 ...

10月21日，天孚通信涨5.08%，截至发稿，报166.00元/股，成交39.37亿元，换手率3.14%，总市值 1290.51亿元。 浙商汇金先进制造混合（013145）基金经理为王霆。 截至发稿，王霆累计任职时间6年143天，现任基金资产总规模3560.5万元，任职期间最佳基金回报 66.59%， 任职期间最差基金回报6.09%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 资料显示，苏州天孚光通信股份有限公司位于江苏省苏州市高新区长江路695号，成立日期2005年7月20 日，上市日期2015年2月17日，公司主营业务涉及光无源器件的研发设计、高精密制造与销售业务。主 营业务收入构成为：光通信元器件98.91%，其他1.09%。 从基金十大重仓股角度 数据显示，浙商证券资管旗下1只基金重仓天孚通信。浙商汇金先进制造混合（013145）二季度持有股 数1.52万股，占基金净值比例为3.41%，位居第八大重仓股。根据测算，今日浮盈赚取约12.21 ...

创业板50指数选取创业板指市值前100只流动性靠前的前50股票，代表了创业板大盘公司，精选市值较 高、流动性较好的龙头公司，指数具备较强的成长潜力。指数集中覆盖电池、证券、通信设备等行业， 主要体现为"三创（创新、创造、创意）四新（新技术、新产业、新业态、新模式）"。 创业板50ETF华夏（159367），该产品具备两大核心优势：一是20%涨跌幅限制，相较于传统宽基指 数，交易弹性更强；二是管理费0.15%、托管费0.05%，处于同类产品最低费率档，有效降低投资成 本。 （文章来源：每日经济新闻） 2025年10月21日，创业板50ETF华夏（159367）上涨3.1%，持仓股中际旭创涨超8%，信维通信、新易 盛涨超6%。 消息面，随着普通存储芯片的供应已趋紧，全球存储芯片行业似乎正加剧迈入许多分析师所称的"超级 周期"，设备制造商正疯狂囤积存储芯片。随着芯片制造商竞相投入于人工智能芯片的全球热潮，正导 致智能手机、计算机和服务器中广泛使用的普通存储芯片供应趋紧，并引发了部分客户恐慌性采购，继 而进一步推高了价格。 摩根士丹利认为AI驱动下存储行业供需失衡加剧，预计将开启持续数年的"超级周期"，到2027年全 ...