你们你追我赶！争分夺秒！ 你们妈知道吗？ | 11 | W ETF . | | | | | --- | --- | --- | --- | --- | | 行情 | 资讯 公告 | | 研报 | 图与 | | | Alice已为您生成我的自选股简报 | | | 查看 | | 名称 品 | E | 现价 | | 张跌幅 ▼▶ | | 卫星ETF | | 2.001 | | 6.27% | | 基 159206 | | | | | | 传媒ETF | | 1.160 | | 6.13% | | 基 512980 | | | | | | 卫星产业ETF | | 2.148 | | 5.92% | | 基 159218 | | | | | | XI二南英伟 | | 20.420 | | 4.45% | | 7388 | | | | | | 稀土ETF | | 1.464 | | 3.90% | | 基 159713 | | | | | | 软件ETF | | 0.944 | | 3.62% | | 基 159852 | | | | | | 黄金股ETF | | 2.186 | | 3.06% | | 其 517520 ...

Core Viewpoint - The article highlights the trading activities in the Shanghai and Shenzhen stock markets, focusing on significant stock transactions, sector performances, and ETF trading volumes, indicating potential investment opportunities and market trends. Group 1: Trading Volume and Key Stocks - The total trading volume of the Shanghai and Shenzhen Stock Connect reached 212.76 billion, with Cambricon Technologies and NewEase Technology leading in individual stock trading volume [1] - The top stocks traded on the Shanghai Stock Connect included Cambricon Technologies (1.507 billion), Kweichow Moutai (1.443 billion), and Industrial Fulian (1.141 billion) [3] - On the Shenzhen Stock Connect, NewEase Technology (2.878 billion), CATL (2.850 billion), and Zhongji Xuchuang (2.755 billion) were the top traded stocks [4] Group 2: Sector Performance - The communication sector saw the highest net inflow of funds, totaling 5.625 billion, with a net inflow rate of 3.79% [6] - Other sectors with notable net inflows included non-ferrous metals (4.226 billion, 3.62%) and computing (3.238 billion, 1.07%) [6] - Conversely, the defense and military sector experienced the largest net outflow, amounting to -5.429 billion, with a net outflow rate of -5.73% [7] Group 3: ETF Trading - The software ETF (515230) saw a remarkable trading volume increase of 370% compared to the previous trading day, reaching 5.2323 billion [14] - The top ETFs by trading volume included A50 ETF Huatai Baichuan (14.1181 billion) and Hong Kong Securities ETF (13.6380 billion) [13] Group 4: Institutional and Retail Trading - Institutional trading was active, with significant purchases in stocks like Shenzhen South Circuit (2.21 billion) and Huazhong Cable (1.25 billion) [15] - Retail investors showed high activity in lithium battery electrolyte stocks, with Tianji Co. reaching the daily limit and receiving substantial purchases from retail investors [19]

Market Overview - A-shares showed a rebound after hitting a low, with the Shanghai Composite Index closing at 3889.35 points, up 0.41%, and the Shenzhen Component Index rising by 0.84% [1][15] - The trading volume in the Shanghai and Shenzhen markets reached approximately 2.1 trillion, an increase of over 200 billion from the previous day, indicating a recovery in trading sentiment [1][15] - The semiconductor equipment and electric grid sectors led the gains, while sectors like innovative pharmaceuticals, chemicals, and coal showed weaker performance [1][15] Economic Policy Insights - The Central Economic Work Conference held on December 10-11 addressed various topics including domestic demand, innovation, anti-involution, and opening up to the outside world [2][16] - The "anti-involution + technological innovation" sectors are expected to benefit from policy support and logical backing, potentially outperforming in the second phase of the bull market [2][16] - The conference emphasized the importance of domestic demand and the need to eliminate unreasonable restrictions in the consumption sector to unleash service consumption potential [2][16] Investment Strategy - The market is expected to continue its upward potential, supported by anticipated incremental policies aimed at boosting consumption, industrial investment, and technological innovation [3][18] - The current market fluctuations are seen as a rebalancing of funds between short-term data and long-term trends, with expectations of a recovery in corporate profits and economic signals [3][18] - A flexible investment strategy combining core positions with satellite rotation is recommended, focusing on ETFs that capture long-term investment opportunities in the Chinese economy [6][20] Sector Performance - The securities sector is experiencing optimism due to the potential for mergers and acquisitions among major brokerages, which could enhance profitability and market expectations [7][22] - The approval of licenses for stablecoin trading by brokerages opens new business opportunities, potentially increasing revenue from transaction fees and attracting new clients [8][23] - The performance of the securities sector is closely tied to market activity, with increased trading volumes likely to boost brokerage revenues across various business lines [7][22] Gold Market Dynamics - The gold market is supported by ongoing geopolitical tensions and economic uncertainties, with gold being favored as a "store of value" amid inflation and stagnation concerns in the U.S. economy [11][25] - The recent approval of stablecoin trading licenses is expected to create new growth avenues for brokerages, enhancing their performance and market valuation [8][23] - Investors are advised to monitor gold ETFs as they align with the long-term bullish outlook for gold prices, driven by systemic risks and economic conditions [12][26]

软件ETF（515230）跟踪的是软件指数（H30202），该指数从市场中选取涉及软件开发、销售和服务等 业务的上市公司证券作为指数样本，覆盖操作系统、应用软件、网络安全等领域的代表性企业，以反映 软件行业相关上市公司证券的整体表现。该指数具有显著的成长性和技术导向性，能够较好地体现软件 行业的市场趋势和发展动态。 长江证券指出，豆包手机助手作为首个豆包与手机厂商在操作系统层面合作的手机AI助手，实现了通 过系统语音、侧边AI键及智能耳机唤醒等功能，直接读取屏幕内容并跨应用调用服务。此举推动手机 操作系统交互逻辑从"图标点击"向"意图识别"转变。终端设备可能是AI落地的重要方向，而全栈AI或将 是未来模型厂商的发展趋势。可关注国产大模型厂商、AI基础设施提供商、AIAgent相关公司以及中国 推理算力产业链。 （文章来源：每日经济新闻） ...

踪中证军工龙头指数,主要投资于航空装备、军工 电子、导弹、无人机等军工细分领域的龙头企业, 有望充分受益于新一轮军工采购周期下行业的基本 面改善。 图1: 军工龙头 ETF(512710.SH) 网格策略回测收益曲线, 军工龙头ETF(512710.SH) 资料来源:Wind. 华宝证券研究创新部, THE STE ETF网格策略 ETF网格策略重点关注标的 (1) 军工龙头ETF (512710.SH) "十五五规划"提出"如期实现建军一百年奋 斗目标，高质量推进国防和军队现代化""加快先 进战斗力建设"。据央视新闻报道，我国2025年国 防预算1.81万亿元，同比增长7.2%，创历史新高， 但该预算占我国GDP比重仍低于1.3%，远低于美国 的3.5%和俄罗斯的6.3%。2025年处于"十四五" 收官之年与"十五五"规划衔接之际，在全球地缘 政治形势日趋复杂,与2027年建军百年目标的背景 下，我国国防预算占GDP比重有望进一步提高，国 防科技工业体系也有望进一步发展优化。该ETF跟 行业龙头股,提供了高效分享软件行业在自主可控 与AI技术融合领域中长期成长红利的投资工具。 图3:软件ETF(159852 ...

Group 1 - The report outlines a grid trading strategy that focuses on profiting from price fluctuations rather than predicting market trends, making it suitable for volatile markets [4][13] - Characteristics of suitable grid trading targets include being exchange-traded, having stable long-term trends, low transaction costs, good liquidity, and high volatility, with equity ETFs being particularly appropriate [4][13] - The report highlights key ETFs for grid trading, including the military industry ETF, which is expected to benefit from a new procurement cycle driven by the "14th Five-Year Plan" and a projected defense budget of 1.81 trillion yuan for 2025, a 7.2% increase [4][14] Group 2 - The gaming ETF is noted for its strong growth potential due to the normalization of game license approvals, with 1,624 licenses issued from January to November 2025, significantly surpassing the previous year's total [5][17] - The software ETF is positioned to capture opportunities from domestic software replacement and AI-driven transformations, supported by policies promoting technological self-reliance and innovation [6][20] - The Hang Seng Internet ETF is expected to enhance commercial monetization through AI integration, as major internet companies are increasingly deploying AI products to improve user engagement and service capabilities [7][23]

Group 1 - The core viewpoint of the articles highlights that Jiashi Fund has achieved significant recognition, with 59 of its products rated five stars or five A's by major fund rating agencies, showcasing its diverse service capabilities in helping investors navigate market cycles and seize investment opportunities [1][2] - Jiashi Fund's active equity funds demonstrate a robust research and investment system characterized by a "platform-based, team-oriented, integrated, multi-strategy" approach, leading to the emergence of high-performing funds in sectors such as technology growth, high-end manufacturing, and innovative pharmaceuticals [1] - A total of 29 products from Jiashi Fund have been listed among the five-star/five A-rated funds by the five major rating agencies, including the Jiashi Technology Innovation Fund and Jiashi Frontier Innovation Fund, which focus on high-growth sectors in A-shares and Hong Kong stocks [1] Group 2 - In the passive investment category, Jiashi Fund's "Super ETF" product lineup includes 15 funds that received five-star/five A ratings from three agencies, catering to both on-market ETF investors and off-market index fund participants [1] - Jiashi Fund's wide-based ETFs, such as Jiashi CSI 300 ETF and Jiashi CSI 500 ETF, have been recognized by multiple rating agencies, solidifying their position in the "trillion-yuan ETF club" [2] - In the fixed income fund sector, Jiashi Fund's Jiashi Zhixin One-Year Open-End Bond and Jiashi Duoli Income Bond have also received five-star ratings from all five major rating agencies, along with several funds from the Jiashi "Stable Series" [2]

Group 1 - Software concept stocks showed strong performance, with 360 increasing over 8%, Yonyou Network rising over 4%, and Kingsoft Office and Hang Seng Electronics both up over 3% [1] - Software-related ETFs also experienced gains, with an increase of over 2% [1] Group 2 - Specific ETF performance includes Software 50 ETF at 1.136, up 2.43%, Software ETF at 0.890, up 2.30%, and Software Leader ETF at 0.891, also up 2.30% [2] - Institutions indicate that in the context of increasing global technological competition, the autonomy of basic software is essential for national security and sustainable industrial development [2] - Future prospects for basic software companies include facing higher technical requirements and stronger competitive pressures, but also more market opportunities [2] - The ongoing push for domestic substitution and the deepening of financial services in the industrial chain are expected to help basic software companies transition from "catching up" to "keeping pace" and eventually to "leading," providing solid technical support for China's new industrialization and high-quality development [2]

Market Overview - The A-share market experienced a collective decline, with all three major indices recording a three-day losing streak. The Shanghai Composite Index fell by 0.81% to 3939 points, the Shenzhen Component Index dropped by 0.92%, and the ChiNext Index decreased by 1.16%. The North Star 50 Index saw a decline of 2.92%. The total market turnover was 1.95 trillion yuan, an increase of 15.6 billion yuan compared to the previous trading day, with over 4100 stocks declining [1]. Software Sector Performance - Software stocks showed resilience, with notable gains in companies such as Shiji Information, which hit the daily limit, and Weining Health and 360 Security, both rising over 3%. This performance positively impacted various software ETFs, including the Software ETF Index and several others focused on software leaders [1]. AI Developments - Alibaba announced its "Qianwen" project aimed at entering the AI to C market, offering a free personal AI assistant that can interact with users and assist in various tasks. The app is now available for public testing [2]. - Baidu unveiled its new model, Wenxin 5.0, at the 2025 Baidu World Conference, featuring a total parameter count of 2.4 trillion and designed for multi-modal understanding and generation [2]. - OpenAI released the GPT-5 series, including GPT-5.1 Instant and GPT-5.1 Thinking, focusing on enhancing model intelligence and communication capabilities [3]. - World Lab launched its 3D world generation model, Marble, which allows users to create editable 3D scenes from various input types [3]. Financial Performance of Software Companies - The third-quarter reports for computer companies showed strong performance, with firms like Kingsoft Office, Hikvision, and 360 Security reporting significant year-on-year revenue and net profit growth compared to the second quarter. Kingsoft Office, for instance, exceeded expectations in revenue and profit, driven by AI product launches and overseas market expansion [4]. - Huaxi Securities noted an overall recovery trend in the software sector during the third quarter, with policies expected to continue supporting the industry's revival. The emphasis on self-control and AI in the 14th Five-Year Plan is seen as a key growth driver [4]. - According to招商证券, domestic software companies are experiencing a bottoming out and recovery in fundamentals, with low institutional holdings and expectations, suggesting that the development of AI applications will accelerate with the iteration of large models [5].

Market Overview - The three major A-share indices collectively declined, with the Shanghai Composite Index down 0.43%, the Shenzhen Component Index down 0.35%, and the ChiNext Index down 0.80% [1] - The North China 50 Index increased by 0.57% [1] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 12,782 billion yuan, an increase of 314 billion yuan compared to the previous day [1] - Over 2,300 stocks in the market experienced gains [1] Sector Performance - The military, energy metals, and Hainan sectors showed gains, while precious metals and photovoltaic sectors underwent adjustments [1] - In the ETF market, the rare metals sector rose, with both the Harvest Fund Rare Metals ETF and the GF Fund Rare Metals ETF increasing by 3% [1] - Military stocks continued their upward trend from last Friday, with the Huaan Fund Aerospace ETF and the Huaxia Fund Aerospace ETF rising by 2.2% and 1.97%, respectively [1] - The software sector strengthened, with the Huaan Fund Software ETF and the E Fund Software ETF both increasing by 2% [1] ETF Performance - The Nikkei 225 ETF, which had the highest premium rate, fell by 3%, with the latest premium/discount rate at 6.24% [1] - Gold stocks experienced a broad decline, with the Gold Stock ETF and Gold Stocks ETF dropping by 2.8% and 2.53%, respectively [1] - The pharmaceutical sector weakened, with the Kexin Innovative Drug ETF from Guotai and the Kexin Innovative Drug ETF from Huitianfu decreasing by 2.7% and 2.46%, respectively [1]