炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 11月26日，国海证券指出，2026年，随着PPI逐步回升，A股盈利预期将逐步改善，为市场提供良好的 运行环境。未来两个月，春季行情或将提前启动，成长风格将趋势性回归，科技仍将是主线。当前，新 质生产力、科技和产业创新发展势头正盛，自主可控进程加速。 政策面上，新五年规划定调，重视科技自立自强！中信建投强调"新质生产力"首次纳入全会规划框架。 浙商证券指出，在高质量发展优先的基调下，加快高水平科技自立自强，引领发展新质生产力将是所有 政策的重中之重。 银河证券指出，发展新质生产力是未来五年规划时期新旧动能加速切换的首要任务。在外部不确定性加 大的环境下，中国对科技自立自强的要求逐步迫切，投资科技等于押注国家战略安全。顺应国家战略、 具备真实技术壁垒的科技企业，或将是新五年规划背景下，A股投资的重要主线。新质生产力相关产业 有望迎来重大突破和高速成长，最终实现估值与盈利双击。 申万宏源认为，A股的有效突破最终还是要靠科技引领。国信证券指出，当市场进入快速上涨阶段，领 涨板块往往是当时主导产业的应用领域，如2015年上半年的"互联网+"，2 ...

来源：新浪基金 申万宏源认为，A股的有效突破最终还是要靠科技引领。国信证券指出，当市场进入快速上涨阶段，领 涨板块往往是当时主导产业的应用领域，如2015年上半年的"互联网+"，2021年的新能源车。着眼未来 一年，仍看好科技主线。 【掘金新质生产力，投资中国版"纳斯达克"】 关注双创龙头ETF（588330）及其场外联接基金（A类：013317 / C类：013318）的三大特征： 1、跨市场多元配置，百分百战略新兴：标的指数从科创板和创业板中选取市值较大的50只战略新兴产 业上市公司作为指数样本，汇集高成长龙头，囊括新能源、光伏、光模块、半导体、医疗设备等热门主 题； 今日（11月25日）科技成长方向强势进攻，创业板指涨超2.5%，科创综指涨逾1.7%，覆盖创业板+科创 板高成长龙头的硬科技宽基——双创龙头ETF（588330）场内涨幅盘中上探3.45%，现涨2.5%，实时成 交额超3200万元，交投较为活跃！ 细分方向来看，光模块三巨头王者归来，中际旭创、新易盛涨超6%，天孚通信涨逾4%；PCB（印制电 路板）方面，胜宏科技涨超6%；光伏方面，阳光电源涨超5%，阿特斯涨逾2%。 图：双创龙头 ETF 标 ...

Group 1 - The technology growth sector is experiencing strong gains, with the ChiNext Index rising over 2.5% and the Sci-Tech Innovation Index increasing by more than 1.7% [1] - The Double Innovation Leader ETF (588330) saw a peak intraday increase of 3.45%, currently up 2.5%, with a trading volume exceeding 320 million yuan [1] - Key stocks in the optical module sector, such as Zhongji Xuchuang and Xinyi Sheng, rose over 6%, while Tianfu Communication increased by more than 4% [1] Group 2 - HSBC's latest report indicates that the acceleration of AI server iterations is driving a dual rise in technology and pricing for core components like PCBs and CCLs [1] - Citigroup previously projected that the supply-demand tension for AI PCBs will persist until next year [1] - The report emphasizes the importance of technology leadership in the A-share market, with a focus on sectors like new energy vehicles and the internet [2] Group 3 - The Double Innovation Leader ETF is characterized by cross-market diversification, focusing on 50 large-cap strategic emerging industry companies from the ChiNext and Sci-Tech Innovation boards [2] - The ETF is designed to capture technology market trends with a low investment threshold, allowing entry for less than 100 yuan [2] - The index has a 20% limit on daily price fluctuations, enhancing its ability to act as a rebound leader [2]

Core Viewpoint - The Shanghai Composite Index has reached the 4000-point mark for the first time in 10 years, indicating significant changes in the A-share market as it approaches the end of 2025 and the commencement of the next five-year plan in China [1] Group 1: Major Changes in the Market - Change One: Slow Bull Market - The Shanghai Composite Index rose from 2748 points on September 24, 2022, to surpass 4000 points on October 28, 2023, taking 400 days with an annualized volatility of 15.28%. In comparison, previous surges in 2007 and 2015 took only 89 and 127 days, respectively, with higher volatilities of 27.94% and 23.01% [1] - Change Two: Shift in A-share Pricing Power - By Q3 2024, the scale of passive equity funds, particularly stock ETFs, has surpassed that of actively managed equity funds for the first time, with the current ETF market reaching 5 trillion yuan, indicating a significant shift in pricing power within the A-share market [4] - Change Three: Leading Themes in the Current Market - The current bull market is primarily driven by sectors such as communication, electronics, and power equipment, reflecting a broader trend towards technological self-sufficiency and the global AI wave, alongside the narrative of revaluation of Chinese assets [5] Group 2: Fund Flows and Investment Trends - Significant Capital Inflows - Since September 24, 2022, the ETF market has seen a net inflow of 1.17 trillion yuan, with major inflows directed towards core A-share assets, technology innovation, and cyclical sectors [11][12] - Performance of Key ETFs - The Double Innovation Leader ETF tracking the Sci-Tech Innovation 50 Index has risen by 57.63% this year, while the Tianhong Growth ETF tracking the ChiNext Index has increased by 45.78% [8] - Year-End Capital Rotation - Following six months of continuous growth, A-shares have seen a rotation of capital, with significant inflows into ETFs tracking sectors like technology, securities, and consumer goods, particularly in the context of the upcoming "15th Five-Year Plan" [14][18]

Core Viewpoint - The technology sector, particularly in the context of the ChiNext board, is experiencing a significant rally, with the Double Innovation Leader ETF (588330) attracting substantial investment, indicating a growing interest in hard technology and new productivity sectors [1][5]. Group 1: Market Performance - The ChiNext index is leading the major indices, with the Double Innovation Leader ETF (588330) seeing a price increase of over 1.2% during intraday trading, currently up by 0.88% [1]. - The ETF has attracted a total of 45.26 million yuan in the last four days, reflecting a steady accumulation of capital in the technology sector [1]. - In the power equipment sector, notable stocks include: - Canadian Solar (阿特斯) hitting the daily limit with a 20% increase - Trina Solar (天合光能) rising over 11% - Other significant gains from companies like Sungrow Power Supply (阳光电源) and JinkoSolar (晶科能源) [3][4]. Group 2: Industry Insights - The photovoltaic industry is entering a critical bottom phase, with expectations that leading companies will drive supply chain concentration and enhance global competitiveness through technological advancements [5]. - The development of new productivity is identified as a key task for the upcoming five-year planning period, emphasizing the urgency for China to achieve technological self-reliance [5]. - Investment in technology is increasingly viewed as a strategic move for national security, with companies possessing genuine technological barriers likely to become focal points for investment in the A-share market [5]. Group 3: Investment Strategy - Investing in a broad-based index like the Double Innovation Leader ETF allows for risk diversification across various technology sectors, mitigating the volatility associated with individual stocks [6]. - The ETF provides exposure to multiple technology sub-sectors, helping investors capture overall trends and avoid missing out on market movements [6]. - The current technology growth trend is driven by policy shifts and expectations of economic improvement, suggesting that investing in broad-based indices could yield significant returns [6][7]. Group 4: ETF Characteristics - The Double Innovation Leader ETF (588330) features a diversified portfolio of 50 large-cap strategic emerging companies from the STAR Market and ChiNext, covering sectors like renewable energy, photovoltaic, semiconductors, and medical devices [7]. - The ETF is designed for high elasticity, allowing investors to quickly capitalize on market rebounds, with a relatively low investment threshold [7].

Core Viewpoint - The recent market correction of the Double Innovation Leading ETF (588330) is seen as a technical adjustment within a medium-term upward trend, indicating potential buying opportunities if support levels hold [1][3]. Group 1: Market Performance - The Double Innovation Leading ETF (588330) experienced a price drop of over 3.8%, currently down 3.53%, with a trading volume exceeding 69 million yuan, indicating strong buying interest despite the pullback [1]. - The ETF's price reached a high of 0.989, close to its listing peak of 0.991, marking the highest level since July 2021 [1]. - The index has risen 95.19% since its low on April 8, significantly outperforming other major indices such as the ChiNext Index (80.56%) and the STAR Market Composite Index (60.15%) [5][6]. Group 2: Sector Performance - There is a divergence in the performance of constituent stocks, with computing hardware stocks declining, including a drop of over 9% for chip leader Lanke Technology and over 8% for PCB leader Shenghong Technology [1]. - Conversely, sectors such as pharmaceuticals, software development, and photovoltaics are seeing gains, with notable increases including over 10% for pharmaceutical leader Baili Tianheng and over 5% for software leader Kingsoft Office [1]. Group 3: Strategic Initiatives - On October 29, a special fund for strategic emerging industries was launched in Beijing with an initial scale of 51 billion yuan, focusing on areas like artificial intelligence, aerospace, and quantum technology [3]. - The development of new productive forces is highlighted as a key task in the upcoming five-year plan, emphasizing the importance of technology self-reliance and strategic security [3].

Core Insights - The ChiNext Index is leading the major indices, with a focus on technology growth sectors, particularly the hard technology broad-based ETF (588330) showing a peak intraday increase of 1.98% and currently up 1.15%, aiming for a seventh consecutive daily gain [1][3] Market Performance - The power equipment sector is leading the market, with notable gains from solar leaders such as Canadian Solar up over 12%, Sungrow Power Supply up over 7%, and Trina Solar up over 5% [3] - In the electronics sector, major players like Sanan Optoelectronics are up over 8%, with Shenghong Technology and Jiangbo Long both seeing increases of over 5% and 4% respectively [3] - In the pharmaceutical and biotechnology sector, Tigermed is up over 5%, while Kanglong Chemical has increased by over 2% [3] Policy and Strategic Insights - On October 27, during the 2025 Financial Street Forum Annual Meeting, the China Securities Regulatory Commission announced the initiation of reforms for the ChiNext board [4] - The new five-year plan emphasizes the importance of technological self-reliance and innovation, with "new quality productivity" being a key focus [4] - Investment in technology is increasingly viewed as a bet on national strategic security, with companies possessing genuine technological barriers expected to be significant investment themes under the new five-year plan [4] Investment Opportunities - The dual innovation leading ETF (588330) is characterized by: 1. Cross-market diversification with a focus on strategic emerging industries, selecting 50 large-cap companies from the ChiNext and Sci-Tech Innovation Board [6] 2. A growth-oriented investment style that aligns with the rising importance of technological self-reliance [6] 3. High elasticity for capturing technology market trends, with a lower investment threshold compared to direct investments in individual stocks [6] 4. Strong performance since the low point on April 8, with a cumulative increase of 94.68%, outperforming major indices like the ChiNext Index (78.71%) and the Sci-Tech Innovation Index (60.87%) [6][7]

证券之星消息，10月27日，双创龙头ETF（588330）融资买入771.47万元，融资偿还567.9万元，融资净 买入203.57万元，融资余额2270.21万元，近3个交易日已连续净买入累计323.14万元，近20个交易日中 有12个交易日出现融资净买入。 融券方面，当日融券卖出3000.0股，融券偿还6.52万股，融券净买入6.22万股，融券余量93.48万股，近 20个交易日中有14个交易日出现融券净卖出。 | 交易日 | 融券净卖出(股) | | 融券余量(股) | 融券余额(元) | | --- | --- | --- | --- | --- | | 2025-10-27 | | -6.22万 | 93.48万 | 90.21万 | | 2025-10-24 | | 6000.0 | 99.70万 | 93.92万 | | 2025-10-23 | | 6.23万 | 99.10万 | 88.99万 | | 2025-10-22 | | -600.0 | 92.87万 | 83.58万 | | 2025-10-21 | | 2.36万 | 92.93万 | 83.82万 | 融资融券余额2360. ...

Group 1 - The core viewpoint of the articles highlights the strong growth potential in the optical module market driven by the increasing demand for AI computing power, with companies like Zhongji Xuchuang seeing a rise in their 1.6T product output and optimistic about industry demand in 2026 and 2027 [1] - The National Development and Reform Commission indicates that over the next decade, China will focus on creating a high-tech industry, emphasizing the importance of efficient supply in computing power, algorithms, and data, as well as the implementation of major national technology tasks [1] - The recent market performance shows a significant increase in the technology sector, with the Double Innovation Leader ETF (588330) experiencing a 4.9% rise and a trading volume increase of 128% on October 24, indicating a strengthening short-term trend [1] Group 2 - The Double Innovation Leader ETF (588330) is characterized by cross-market diversification, focusing on strategic emerging industries, including sectors like renewable energy, photovoltaic, optical modules, semiconductors, and medical devices [3] - The ETF is designed to capture high-growth technology trends with a low investment threshold, allowing investors to participate in the market with less than 100 yuan, making it an accessible option for those looking to invest in China's top technology companies [3] - The emphasis on "new quality productivity" in the recent policy framework suggests that enhancing quality and efficiency in economic development will be a priority, with a focus on technological self-reliance and innovation [1][3]

>>>>> BIF早知道 >>>>>> ETF导知道 ETFEFRI bi i # <<<<< >>>>> 合肥品 2025 Oct ETF星知道 13 息技术ETF ETF문玩道 认购代码 159131 令日 「芯」 动发行 cess 市场温度计 >>>>> ETFEER 中长期信号 · 投资看温度 7596 759 = 25% 25% 25% ETFIFERS cea 0.71% 3.57% 2.02% ← T t 上证指数 创业板指 漆证成指 注：温度计水银条由对应指数的近十年市盈丰分位费表示，总值为100%。数据来源：iFind，截至 2025,10.24，上证指数、深证成指、创业板拒的近十年市盈率分位数分胆为99,42％、80.49％、 46,13% ETER @ e @ III DIRETTY B ETFEFR通 ceae 短期轮动走向 · 观九宫热力值 +4.73% +2.34% +4.72% 通信 电子 国防军工 品 机械 +2.20% -1.02% +1.55% 房地产 计算机 电力设备 -1.18% -1.29% -1.36% ETFEER® 煤炭 食品饮料 石油石化 (4){ 数据来源: ...