③国投瑞银白银期货证券投资基金（LOF）C类基金份额今日开始暂停申购。（张舒琳） ②在资金大幅涌入的背景下，ETF市场迎来新的里程碑。Wind数据显示，截至12月26日，全市场ETF规 模突破6万亿元，达60304.77亿元。较2024年底的37258.02亿元，增幅超60%。 中证网讯 ①截至12月26日，"百亿ETF" 增加至125只，接近2024年年底的2倍，人工智能ETF （159819）、机器人ETF易方达（159530）、红利ETF易方达（515180）等产品均在2025年突破百亿规 模。 ...

Group 1: Fiscal Policy and Economic Support - The Ministry of Finance will continue to implement a more proactive fiscal policy in 2026, expanding fiscal expenditure and optimizing government bond tools to enhance their effectiveness [1][2] - The Ministry of Finance plans to support consumption by arranging funds for the replacement of old consumer goods and adjusting subsidy standards [2] Group 2: Financial Market and Investment Environment - The People's Bank of China aims to improve the institutional and policy environment for long-term investments, significantly increasing the scale and proportion of various long-term funds invested in A-shares [3] - The Shanghai Stock Exchange has introduced a series of fee reduction measures for 2026, expecting a total reduction of approximately 1.113 billion yuan [8] Group 3: Industry-Specific Developments - The National Internet Information Office has drafted interim measures for the management of AI humanoid interactive services to promote healthy development and regulation [7] - The Shanghai Stock Exchange has released detailed rules for commercial rocket enterprises to better support high-quality companies in the commercial space sector [5] - The State Administration for Market Regulation is guiding compliance in the photovoltaic industry to address issues of price competition and low-quality competition [6] Group 4: Market Trends and Investment Strategies - Major brokerages are observing a "small volatility" in the A-share market, with significant trading volume and a focus on sectors like non-ferrous metals and commercial aerospace [20] - Analysts suggest that the upcoming spring market may present opportunities, particularly in sectors with structural growth potential such as chemicals and engineering machinery [11][14] - The trend of rising prices across various industries is expected to continue, driven by liquidity and supply-side changes [15]

【导读】回顾周末利好，汇总券商最新研判 大家好，马上就要开盘了，一起回顾周末发生的大事，并看看券商分析师们的最新研判。 周末利好 1.财政部：2026年继续实施更加积极的财政政策扩大财政支出盘子 全国财政工作会议12月27日至28日在北京召开。会议指出，2026年继续实施更加积极的财政政策。一是 扩大财政支出盘子，确保必要支出力度。二是优化政府债券工具组合，更好发挥债券效益。三是提高转 移支付资金效能，增强地方自主可用财力。四是持续优化支出结构，强化重点领域保障。五是加强财政 金融协同，放大政策效能。 2.财政部：明年继续安排资金支持消费品以旧换新 全国财政工作会议12月27日至28日在北京召开。财政部部长蓝佛安表示，明年财政将大力提振消费。深 入实施提振消费专项行动，继续安排资金支持消费品以旧换新，调整优化补贴范围和标准。 3.央行报告：着力健全有利于"长钱长投"的制度政策环境显著提高各类中长期资金实际投资A股的规模 和比例 中国人民银行发布《中国金融稳定报告（2025）》。报告提出，下一步，中国证监会、财政部、人力资 源社会保障部、中国人民银行、金融监管总局等相关部门将立足大局，加强协作，形成合力，在中央 ...

Key Points - The article discusses recent positive developments in the Chinese financial market, including government policies aimed at boosting fiscal spending and consumer support [3][4]. - The People's Bank of China emphasizes the need for a favorable policy environment to enhance long-term investments in the A-share market [5]. - The Shanghai Stock Exchange has introduced guidelines to support commercial rocket enterprises, indicating a focus on innovation in the aerospace sector [8][10]. - The market is experiencing a "small rally" with significant trading volume, particularly in sectors like metals and commercial aerospace [27]. Group 1: Government Policies - The Ministry of Finance plans to continue implementing a proactive fiscal policy in 2026, focusing on expanding fiscal spending and optimizing government bond tools [3]. - The government will support consumer goods through a subsidy program for replacing old products, aiming to stimulate consumption [4]. Group 2: Market Developments - The People's Bank of China reports on improving the investment environment for long-term funds in the A-share market, aiming for a healthy cycle between capital markets and the real economy [5]. - The Shanghai Stock Exchange has released guidelines for commercial rocket companies to facilitate their listing on the Sci-Tech Innovation Board, supporting the growth of the aerospace industry [8][10]. Group 3: Market Analysis by Securities Firms - CITIC Securities highlights the performance of ETFs, noting that sectors like telecommunications and aerospace are gaining traction due to their alignment with international infrastructure competition [15]. - Shenwan Hongyuan emphasizes the liquidity-driven nature of the current market rally, suggesting that the spring market conditions remain favorable [17]. - Guotai Junan identifies new investment themes emerging in commodity markets and the manufacturing sector, reflecting China's growing manufacturing advantages [19].

重点关注 财政部部长蓝佛安表示，明年财政将大力提振消费。深入实施提振消费专项行动，继续安排资金支持消费品以旧换新，调整优化补贴范围和 标准。 中国人民银行发布《中国金融稳定报告（2025）》。 报告提出，着力健全有利于"长钱长投"的制度政策环境，显著提高各类中长期资金实际 投资A股的规模和比例，努力实现中长期资金保值增值、资本市场平稳健康运行与实体经济高质量发展的良性循环。 2026年全国两会召开时间来了 十四届全国人大常委会第十九次会议12月27日上午表决通过了关于召开十四届全国人大四次会议的决定。根据决定，十四届全国人大四次会议 于2026年3月5日在北京召开。政协第十四届全国委员会日前召开第四十五次主席会议，审议通过了关于召开政协第十四届全国委员会第四次会 议的决定（草案），建议全国政协十四届四次会议于2026年3月4日在北京召开。 财政部：2026年继续实施更加积极的财政政策 扩大财政支出盘子 全国财政工作会议12月27日至28日在北京召开。会议指出，2026年继续实施更加积极的财政政策。一是扩大财政支出盘子，确保必要支出力 度。二是优化政府债券工具组合，更好发挥债券效益。三是提高转移支付资金效能，增 ...

重要新闻提示 沪深交易所发布2026年系列降费让利措施 上交所发布商业火箭企业适用科创板第五套上市标准审核指引 国投瑞银白银基金C类份额将从下周一开始暂停申购 财经新闻 1. 近日，证监会对上市公司长江医药控股股份有限公司（简称*ST长药）涉嫌定期报告等财务数据存在 虚假记载作出行政处罚事先告知。经查，*ST长药连续三年虚增收入和利润，违反证券法律法规。证监 会拟对上市公司罚款1000万元，对14名责任人合计罚款3100万元，对公司原总经理罗明采取终身证券市 场禁入措施。*ST长药涉嫌触及重大违法强制退市情形，深交所将依法启动退市程序。 2. 12月26日，沪深交易所发布2026年系列降费让利措施，覆盖上市、交易、服务等环节，两所预计2026 年合计降费让利超19亿元。 8. 12月26日，国家发展改革委网站消息，国家发展改革委、国家能源局修订印发《电力中长期市场基本 规则》，为全国统一电力市场建设筑牢制度基础。《规则》明确，统筹推进电力中长期与现货市场协同 建设，在交易时序、结算等方面强化衔接，既通过推广多年期购电协议、强化中长期市场"压舱石"作用 稳定长期供需，又以按日连续交易等灵活机制适配新能源出力波动 ...

市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 国投瑞银白银期货证券投资基金（LOF）颇受短线投资者青睐的C类基金份额将从下周一开始暂停申 购。国投瑞银基金管理公司在周五的一份公告中宣布了这一不同寻常的举措。 风险提示及免责条款 ...