早盘市场呈现结构性分化。AI与创新药板块高开低走，震荡回调；而农林牧渔、美容护理、商贸零售则涨幅居前。与此同时，以高股息为特征的红利板块 和现金流稳健的防御型资产延续稳步上涨态势。 ETF方面，港股红利ETF博时（513690）上涨0.64%，盘中换手率2.22%，成交金额1.06亿元，交投活跃。 风险提示：基金不同于银行储蓄和债券等固定收益预期的金融工具，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。基金的过往业绩并不预示其未来表现。投资者应了解基金的风险收益情况，结合自身投资目的、期限、投资经验及风险承受能 力谨慎决策并自行承担风险，不应采信不符合法律法规要求的销售行为及违规宣传推介材料。 值得注意的是，自由现金流类产品与传统红利产品在行业分布上存在差异，投资者可结合两者进行差异化配置，进一步增强组合的稳健性和收益潜力。 部分热门板块短期累积较大涨幅，资金获利了结意愿增强，关注市场内部切换，前期回调充分、股息率吸引力提升的红利/现金流板块或有投资机会。 红利低波100ETF(159307)及联接：跟踪红利低波100指数，当前股息率为4.31%。前五 ...

沪指续创近十年新高。 8月20日，沪指早盘弱势下探，午后在金融、半导体等板块带动下强势上攻，最终收涨1.04%，报 3766.21点，续创近10年新高。深成指涨0.89%，报11926.74点；创业板指涨0.23%，报2607.65点。 不过，在上冲过程中，周三两市成交有所萎缩，共成交24082亿元，较前一交易日减少1802亿元。 对此，有券商投顾表示，周三沪指表现良好，光头中阳形态预示着还有进一步上冲的可能，但阳量相比 周一萎缩是瑕疵，周四如果上冲过程中不能进一步放量，要防范形成技术上的背驰衰竭结构。不过即便 背驰后市场出现调整消化，也大概率会在3731上方进行，跌到3731会有权重站出来护盘。 "但8月最后一周最好要谨慎些，因为半年报会集中在这周披露，业绩预期不好的个股出现调整的概率较 大，所以8月剩余时间要把注意力放在各行业的大市值龙头品种上，这些品种可能会有超过大盘的表 现。"该券商投顾建议。 淡水泉投资认为，当前市场环境下，两个趋势的演进将有望对市场动量的持续性形成支撑：一个是，低 利率及"资产荒"的背景将推动资金为寻求收益而提升风险偏好；二是家庭负债表从超额储蓄到增配股市 的逐步转变。 "当前市场 ...

Strategic collaboration expands investment offerings and lays groundwork for tokenized real estate opportunities Hong Kong, Aug. 20, 2025 (GLOBE NEWSWIRE) -- SOLOWIN HOLDINGS (NASDAQ: SWIN) (“Solowin” or the “Company”), a leading financial services firm providing comprehensive solutions across traditional and digital assets, today announced that its US$-denominated fund, Solomon Capital SP, has entered a Memorandum of Understanding (MOU) with CITIC Contracting Company (“CITIC”) to co-develop next-generation ...

All right, Eric, I thought a great place to start this conversation is Carrie Wheeler, the CEO of Open Door, stepped down at the end of last week. This is something that you've been calling for for a very long time. Um, what do you think about her stepping down.And who do you think should be the next CEO. I think it's the right thing to do. I don't think she was up to the task.I think she realized that after the firestorm that ensued following the earnings call that she was on and some of her casual comment ...

Joining us now, Logan Motami, uh, Housingware lead analyst. And, um, I guess the first thing you can talk, you know, talk about what the Treasury Secretary alluded to or or just respond to the numbers that we just heard from, uh, from the federal government. >> You know, single family permits have been going lower and lower for some time now.Uh the big publicly traded builders can still buy down rates to get below 6% to move product, but the smaller builders are at a disadvantage here. Multif family constru ...

JUST IN: Real estate firm Cardone Capital just bought $15 million Bitcoin.Everybody is adopting a Bitcoin strategy. 👏 https://t.co/KPouqhLsQy ...

I want to get to the story here. So, a lot of people think that a doveish J Pal could do something for the housing markets. You disagree.Why. Well, I just think long-term interest rates are going to remain elevated. Just as we saw after the Fed cut 100 basis points at the end of 2024, uh long rates went straight up and have been around those levels since.I think there's a a global aversion to taking on long duration and long-term interest rates are higher across the world. uh yesterday, the UK 30-year guilt ...

Exclusive: The deal for Kanye West’s former Malibu bunker is off. In mid-August, the house went back on the market for $34.9 million, down from the 2024 asking price of $39 million. https://t.co/8ahNBV26Vz ...

Hong Kong developer Parkview secures a three-month extension on a $940 million loan that was due Aug. 15, sources say, giving it more time to work on a refinancing deal with banks https://t.co/TVUovnTaso ...

Core Viewpoint - The A-share market has shown strong performance, with the Shanghai Composite Index reaching a ten-year high, supported by both capital inflow and fundamental performance [2][3][4]. Market Performance - On August 18, the Shanghai Composite Index rose by 0.85%, closing at 3728 points, marking the highest level since August 20, 2015. The total market capitalization of A-shares surpassed 100 trillion yuan [2]. - Since the end of June, the A-share market has been on an upward trend, with daily trading volumes exceeding 2.8 trillion yuan. Small-cap and growth styles have outperformed, with notable increases in indices such as the ChiNext Index and the CSI 2000 [2][3]. Capital and Fundamental Support - The recent market performance is driven by capital inflow and earnings support, with a significant increase in trading volume and margin financing balances. The macroeconomic environment remains stable, with expectations of interest rate cuts from the Federal Reserve and ongoing supportive policies in China [3]. - The current earnings season is crucial, with a focus on industries showing strong fundamentals [3]. Valuation Analysis - The overall valuation of A-shares is considered reasonable, with the CSI 300's dynamic price-to-earnings ratio around 12.2 times, indicating it is not overvalued compared to historical levels. The market capitalization to GDP ratio remains relatively low among major global markets [4]. - The market's total capitalization to M2 ratio is approximately 33%, which is at the 60% historical percentile, suggesting a balanced valuation [4]. Investment Recommendations - Focus on sectors with high growth potential and earnings validation, such as AI/computing, innovative pharmaceuticals, military industry, and non-ferrous metals [5]. - Consider industries benefiting from increased retail participation, such as brokerage and insurance, as well as sectors aligned with government policies like photovoltaic energy [5].