Market Overview - On January 7, the A-share market experienced slight fluctuations, with the Shanghai Composite Index facing resistance around 4097 points[2] - The total trading volume for both markets reached 28,818 billion yuan, above the median of the past three years[3] - The Shanghai Composite Index closed at 4,085.77 points, up 0.05%, while the Shenzhen Component Index rose 0.06% to 14,030.56 points[7] Sector Performance - Strong performers included coal, non-ferrous metals, electric grid equipment, and power equipment sectors[3] - Weaker sectors included shipbuilding, securities, jewelry, and education[3] - The average price-to-earnings (P/E) ratios for the Shanghai Composite and ChiNext indices were 16.76 times and 51.81 times, respectively, above the median levels of the past three years[3] Investment Outlook - The market is expected to maintain a slight upward trend, supported by improved corporate earnings structures and favorable monetary policies[3] - Investors are advised to focus on sectors such as coal, non-ferrous metals, electric grid equipment, and power equipment for short-term opportunities[3] - Anticipated continued easing of monetary policy and expectations of a prolonged interest rate cut cycle by the Federal Reserve may enhance market liquidity[3] Risks - Potential risks include unexpected overseas economic downturns, domestic policy changes, and macroeconomic disturbances[4]

A股市场板块涨跌幅排行 | 序号 | 板块 | 涨跌幅(%)▼ | | 总成交量(万手) = 总成交额(亿元) ▼ | 净流入(亿元) ▼ | 上涨家数 | 下跌家数 | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 电子化学品 | 5.19 | 1776.21 | 499.17 | 45.75 | 38 | 4 | | 2 | 煤炭开采加工 | 4.02 | 2409.38 | 186.60 | 10.97 | 31 | 2 | | 3 | 金属新材料 | 2.44 | 867.62 | 229.31 | 3.49 | 27 | 4 | | 4 | 米含体 | 2.35 | 3426.76 | 2611.80 | 23.37 | 131 | 36 | | 5 | 小金属 | 2.01 | 1705.95 | 601.49 | 19.04 | 16 | 10 | | 6 | 其他电源设备 | 1.90 | 1286.87 | 276.38 | 20.62 | 21 | 10 | | 7 | 旅游及酒店 | 1.68 | 752.14 | 94. ...

| 序号 | 板块 | 涨跌幅(%)▼ | | 总成交量（万手） = 总成交额（亿元）▼ | 净流入 (亿元) ▼ | 上涨家数 | 下跌家数 | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 小金属 | 4.77 | 1378.28 | 460.18 | 32.34 | 26 | 1 | | 2 | 保 | 4.22 | 444.17 | 206.11 | 16.87 | ട | 0 | | 3 | 化学原料 | 3.94 | 2310.25 | 211.18 | 26.42 | 54 | ഗ | | র্ব | 能源金属 | 3.69 | 543.46 | 272.28 | 21.77 | 12 | 1 | | 5 | 证券 | 3.65 | 6984.44 | 932.45 | 157.41 | 50 | 0 | | 6 | 工业等選 | 3.45 | 6088.45 | 843.90 | 39.79 | 56 | N | | 7 | 农化制品 | 2.82 | 1766.89 | 276.20 | 24.16 | રેટ | র্ণ | ...

Market Overview - The market experienced slight fluctuations, closing at a rating of 4.2 stars [1] - A market correction of a certain percentage occurred between October and November, followed by a rebound that recovered most of the previous losses [2] - Large-cap stocks saw a slight increase, while small-cap stocks experienced a minor decline [3] - Both value and growth styles showed upward movement [4] - A-shares reflecting dividend and value styles, as well as the ChiNext reflecting growth styles, experienced slight gains [5] Hong Kong Market - The Hong Kong stock market opened higher but closed lower by the end of the trading day [6] - Dividend indices in the Hong Kong market rose, while technology stocks faced declines [7] Investment Strategies - The investment strategy includes a regular investment plan with a focus on suitable investment products based on market valuation [10] - The strategy allows for pausing regular investments when products reach normal valuation and holding them until they become undervalued again [10] - An automatic stop-loss feature has been introduced for certain investment combinations, which will automatically switch to stable products after reaching profit targets [14] Pension Fund Investment - The current investment plan for personal pension funds includes regular investments in specific funds, such as the CSI A50 and the 300 Dividend Low Volatility fund [16][17] - The pension index fund is a new product introduced in personal pension accounts, with a maximum annual investment limit of 12,000 yuan [17] - The investment strategy combines growth and value styles, with notable performance from both categories this year [17] Valuation Metrics - A detailed valuation table for various indices is provided, including metrics such as price-to-earnings ratio, price-to-book ratio, dividend yield, and return on equity [21] - The table categorizes indices into undervalued (green), normal (yellow), and overvalued (red) based on their current valuation status [24]

1、国新办将举行新时代交通运输服务经济社会高质量发展有关情况新闻发布会 12月23日下午3时，国新办将举行新闻发布会，交通运输部副部长李扬介绍新时代交通运输服务经济社会高质量发展有关情况，并答记者问。 2、广期所调整碳酸锂期货相关合约交易限额 近日，广期所发布通知，经研究决定，自2025年12月23日交易时起，非期货公司会员或者客户在碳酸锂期货LC2602、LC2603、LC2604、LC2605合约上单 日开仓量分别不得超过800手，在碳酸锂期货LC2606、LC2607、LC2608、LC2609、LC2610、LC2611、LC2612合约上单日开仓量分别不得超过2000手。 3、713.82亿元市值限售股今日解禁 12月23日，共有11家公司限售股解禁，合计解禁量为18.48亿股，按最新收盘价计算，合计解禁市值为713.82亿元。 从解禁量来看，5家公司解禁股数超千万股。三一重能、微导纳米、南网科技解禁量居前，解禁股数分别为9.42亿股、3.6亿股、3.36亿股。从解禁市值来 看，5家公司解禁市值超亿元。三一重能、微导纳米、南网科技解禁市值居前，解禁市值分别为245.17亿元、243.68亿元、149 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 绿色发展是高质量发展的鲜明底色。金融作为国民经济的命脉，通过资源配置、风险管理和市场定价三 大功能，正成为打通"绿水青山"向"金山银山"转化通道的关键动力。 浙江省杭州市是长三角南翼的重 要金融枢纽，近年来持续推进高端金融资源集聚，重点布局金融总部、消费金融、金融科技等业态，整 体能级不断提升。全市共有各类金融组织机构2100余家，在册经营主体突破200万户，由此衍生的金融 纠纷数量快速攀升，司法化解风险任务艰巨繁重。杭州市两级法院将金融审判工作置于绿色发展大局中 谋划推进，将绿色发展理念贯穿金融司法机制创新全过程，向"绿"而行、向"新"突破，推动金融审判工 作从"绿色办案"向"绿色治理"延伸拓展。 一、坚持三个导向，树立绿色金融司法新理念 绿色金融司法 的内核是和谐、发展和可持续。杭州市两级法院坚持以绿色金融司法理念强化价值引领，积极融入绿色 发展战略格局。 坚持和谐导向，以系统思维画好协同共治"同心圆"。金融工作与司法工作紧密相关， 必须构建信息共享、程序衔接、职能协同的治理体系，凝聚多方治理合力。杭州中院指导富阳法院研 发"生态e治"应用，有效打通法院、 ...

| 序号 | 板块 | 涨跌幅(%)▼ | | 总成交量（万手） ■ 总成交额（亿元）▼ | | 上涨家数 | 下跌家数 | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 医药商业 | 4.40 | 806.73 | 88.76 | 3.21 | 32 | 0 | | 2 | 幸工电子 | 2.73 | 1444.03 | 306.12 | 22.92 | ਟਰੇ | ന | | 3 | 化学纤维 | 2.32 | 476.08 | 37.05 | 1.33 | 28 | 0 | | ব | 贸易 | 1.98 | 245.94 | 15.20 | 1.50 | 15 | 0 | | ട | 幸工凝备 | 1.94 | 1460.17 | 377.71 | 39.60 | રક | 15 | | 6 | 服装家纺 | 1.91 | 679.75 | 57.51 | 1.52 | ୧୫ | 7 | | 7 | 包装印刷 | 1.88 | 676.09 | 89.39 | 3.92 | 34 | 10 | | 8 | 雪隻 | 1.83 | 388 ...

本文转载已获得原作者授权，文章观点仅代表作者观点，不代表本公众号立场，不构成投资建议。 11月市场突出一个"震荡"，对于刚刚"跑步进场"的新朋友来说并不太友好，接下来我们如何应对？ 01 短期波动，不改中长期趋势 A股今年以来一直都是波动中上涨，面对波动，可以保持镇定。 从估值数据来看，即使在经历了上涨后，A股在全球主流股票指数中，估值水平仍然是偏低的。 并且，政策面来看，一边是大量政策正在生效。支持产业发展的"反内卷"等政策仍然在持续发力，直接带动部分企业盈利水平提升，9月单月更是同比增 长高达21.6%，创阶段新高。 另一边，新的支持经济发展等政策仍然加码制定。尤其是"十五五"规划即将落地，明年可能会迎来新的政策密集出台窗口期。 所以，短期波动，难以改变中长期向好的趋势。 02 总之，对于A股中长期可以乐观，同时，也要提前做好配置策略以把握接下来的机会！ 风险提示：基金有风险，投资须谨慎。基金不同于银行储蓄等固定收益预期的金融工具，且不同类型的基金风险收益情况不同，投资人既可能分享基金投 资所产生的收益，也可能承担基金投资所带来的损失。本公司承诺以诚实信用、勤勉尽责的原则管理和运用基金资产，但不保证基金一 ...

Core Viewpoint - The capital market in Shandong province plays a crucial role in the financial ecosystem, contributing to the local economic development during the "14th Five-Year Plan" period through steady expansion, structural optimization, and enhanced vitality [1] Group 1: Growth of Listed Companies - The number of listed companies in Shandong has increased, with 65 new A-share listings in the past five years, totaling 246 companies, which ranks high nationally [2] - The total market capitalization of listed companies reached 3.79 trillion yuan, a 44.42% increase compared to the end of the "13th Five-Year Plan" [2] - Cash dividends from listed companies amounted to 229.74 billion yuan, a 59% increase from the previous period [2] Group 2: Capital Market Support for Key Sectors - The capital market has effectively supported green transformation, technological innovation, and rural revitalization, with bond issuance reaching approximately 1.45 trillion yuan [4] - The issuance of specialized bonds, including green and rural revitalization bonds, totaled 137.28 billion yuan [4] - The futures market has seen significant growth, with 186 delivery warehouses and a customer margin balance of 48.84 billion yuan, reflecting an increase of 158% from the previous period [4] Group 3: Private Equity and Investment - The number of private equity fund managers in the region reached 358, with assets under management totaling 191.84 billion yuan [5] - Private equity funds have invested in 3,455 projects, amounting to 277.66 billion yuan [5] - Securities firms have actively supported 55 technology enterprises in raising 31.07 billion yuan through various stock exchanges [5] Group 4: Resource Allocation and Mergers - The capital market has facilitated resource allocation through mergers and acquisitions, with over 500 transactions totaling 289.43 billion yuan during the "14th Five-Year Plan" [7] - Shandong's listed companies have played a significant role in key industries, achieving breakthroughs in core technologies and domestic replacements [7] Group 5: Collaborative Mechanisms - The Shandong provincial government has issued guidelines to promote high-quality development in the capital market, ensuring a stable foundation for growth [8] - The regulatory body has focused on risk management, successfully stabilizing the market by addressing issues related to listed companies and private equity [8] - Continuous efforts are being made to enhance the capital market's role in supporting the real economy and ensuring sustainable development [8]

Core Viewpoint - The article emphasizes the importance of accelerating the construction of a financial powerhouse in China as outlined in the "15th Five-Year Plan" proposal, highlighting the need for enhanced competitiveness and influence in the global financial landscape [1] Group 1: Financial System Development - The proposal mentions the need to improve the central bank system and establish a robust monetary policy framework alongside a comprehensive macro-prudential management system to ensure effective monetary policy transmission [2] - It highlights the importance of balancing monetary policy's intensity, timing, and rhythm to avoid excessive liquidity while maintaining sufficient market liquidity through various tools [2] - The focus is on enhancing the financial support for technological innovation and industrial transformation through structural monetary policy tools [3] Group 2: Financial Services and Inclusion - The "five major financial initiatives" aim to support national strategies and optimize financial resource allocation, including technology finance, green finance, inclusive finance, pension finance, and digital finance [4] - The proposal emphasizes the need for a more inclusive and adaptable capital market system to better serve the real economy and promote high-quality economic development [5] Group 3: Financial Institution Optimization - The proposal calls for optimizing the financial institution system, encouraging institutions to focus on their core businesses and improve governance [6] - It stresses the importance of enhancing the global competitiveness of large financial institutions while supporting the development of small and medium-sized financial institutions [6] Group 4: Financial Regulation and Openness - The proposal advocates for comprehensive financial regulation, emphasizing proactive risk prevention and the use of technology in regulatory practices [7] - It outlines the need for a safe and efficient financial infrastructure to support the stable operation of the financial system and enhance China's voice in global financial governance [8] - The proposal also discusses the transition from market-access-based openness to institutional openness, aiming for a comprehensive open financial ecosystem [9]