上海证券交易所 2026年02月09日 为促进华宝中证细分化工产业主题交易型开放式指数证券投资基金（以下简称化工ETF，基金代 码:516020）的市场流动性和平稳运行，根据《上海证券交易所基金自律监管规则适用指引第2号——上 市基金做市业务》等相关规定，本所同意国泰海通证券股份有限公司自2026年02月10日起为化工ETF提 供主做市服务。 特此公告。 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！ 上证公告（基金）【2026】302号 ...

上证公告（基金）【2026】303号 上海证券交易所 2026年02月09日 为促进永赢中证沪深港黄金产业股票交易型开放式指数证券投资基金（以下简称黄金股，基金代 码:517520）的市场流动性和平稳运行，根据《上海证券交易所基金自律监管规则适用指引第2号——上 市基金做市业务》等相关规定，本所同意国泰海通证券股份有限公司自2026年02月10日起为黄金股提供 主做市服务。 特此公告。 ...

为促进鹏华上证科创板芯片交易型开放式指数证券投资基金（以下简称KC芯片，基金代 码:588920）的市场流动性和平稳运行，根据《上海证券交易所基金自律监管规则适用指引第2号——上 市基金做市业务》等相关规定，本所同意国泰海通证券股份有限公司自2026年02月10日起为KC芯片提 供主做市服务。 2026年02月09日 上证公告（基金）【2026】299号 上海证券交易所 特此公告。 ...

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！ 上证公告（基金）【2026】300号 2026年02月09日 为促进西藏东财上证科创板50成份交易型开放式指数证券投资基金（以下简称科创东财，基金代 码:589850）的市场流动性和平稳运行，根据《上海证券交易所基金自律监管规则适用指引第2号——上 市基金做市业务》等相关规定，本所同意国泰海通证券股份有限公司自2026年02月10日起为科创东财提 供主做市服务。 上海证券交易所 特此公告。 ...

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！ 上证公告（基金）【2026】319号 特此公告。 上海证券交易所 2026年02月09日 为促进国泰上证科创板人工智能交易型开放式指数证券投资基金（以下简称科AI国泰，基金代 码:589110）的市场流动性和平稳运行，根据《上海证券交易所基金自律监管规则适用指引第2号——上 市基金做市业务》等相关规定，本所同意国泰海通证券股份有限公司自2026年02月10日起为科AI国泰 提供主做市服务。 ...

上海证券交易所 上证公告（基金）【2026】320号 为促进上证180金融交易型开放式指数证券投资基金（以下简称金融ETF，基金代码:510230）的市 场流动性和平稳运行，根据《上海证券交易所基金自律监管规则适用指引第2号——上市基金做市业 务》等相关规定，本所同意国泰海通证券股份有限公司自2026年02月10日起为金融ETF提供主做市服 务。 特此公告。 2026年02月09日 ...

Group 1 - The core viewpoint emphasizes that there is no need to worry about short-term market fluctuations, as the underlying trends indicate a shift from virtual to real economies in Europe and the US, alongside the disruptive innovation brought by AI [2] - The article highlights the increasing urgency for strategic security investments and the balancing act between short-term shareholder interests and long-term infrastructure investments in the US and Europe [2] - It suggests that China's capital market has already completed the transition from virtual to real pricing and is currently in the process of validating and pricing for quality and efficiency improvements [2] Group 2 - The outlook for the A-share market in the next 1-2 months is optimistic, with historical data indicating a strong seasonal effect around February and the Spring Festival [3] - The article notes that the number of companies with low expectations or losses has reached a new high, suggesting that negative earnings reports are being digested, which may lead to a lighter market environment starting in February [3] - It encourages investors to regain confidence and prepare for the first wave of the upcoming bullish cycle around the 4000-point level [3] Group 3 - The article advocates for holding stocks during the holiday season, citing a positive outlook for the Chinese market driven by a shift towards domestic demand and government support for capital market stability [4] - It mentions a resurgence in stock buybacks among A-share companies, indicating a strengthening market sentiment [4] - The recommendation includes maintaining positions in sectors such as consumer services, food and beverage, and emerging technologies like internet and robotics [5] Group 4 - The article discusses the limited impact of external shocks on the Chinese market, suggesting that the recent adjustments are more about emotional digestion rather than fundamental changes [6] - It highlights the potential for a recovery in the market post-Spring Festival, driven by increased risk appetite and upcoming catalysts in various sectors [6] - The focus is on sectors like AI computing, chemicals, and power equipment, which are expected to perform well in the upcoming market environment [10] Group 5 - The article indicates that the Hang Seng Technology Index has potential for recovery, especially if the liquidity shock subsides and new catalysts emerge in the AI sector [7] - It suggests that the market may experience a rotation towards sectors benefiting from major projects outlined in the 14th Five-Year Plan, such as construction materials and energy [7] - The overall sentiment is that the market will likely see a stronger performance post-holiday compared to pre-holiday levels [7] Group 6 - The article emphasizes the revaluation of Chinese assets, driven by a recovery in manufacturing and the return of capital from export enterprises [8] - It suggests that the focus should be on physical assets and sectors with global competitive advantages, such as energy and equipment manufacturing [8] - The recommendation includes sectors like oil, copper, and lithium, which are expected to benefit from a stabilization in demand and low inventory levels [8]

Core Viewpoint - The majority of brokerages believe that despite recent volatility in the A-share market, market sentiment has been sufficiently released, and the adjustment phase may be nearing its end. The upcoming Spring Festival is expected to bring positive calendar effects, making it a good opportunity to hold stocks during the holiday [1][10][12]. Group 1: Market Sentiment and Predictions - Brokerages suggest that the current external disturbances have not significantly impacted China's industrial fundamentals, and the market's emotional release indicates that the adjustment is largely complete. A spring market rally is anticipated post-Spring Festival, making it advisable to hold stocks during the holiday [1][10][13]. - The sentiment in the market is expected to improve due to the "Spring Festival effect" and increasing event catalysts, which could create a favorable environment for equity assets [14][13]. - Historical data shows that A-shares tend to rise around the Spring Festival, and with manageable external risks, the current market remains in a bullish atmosphere, suggesting that holding stocks during the holiday may be a relatively better strategy [12][10]. Group 2: Investment Strategies and Sector Focus - Investment strategies should focus on maintaining a base in "resources + traditional manufacturing," while also increasing allocations in consumer and real estate chains. There is a recommendation to look for opportunities in the technology sector, particularly in AI-related industries [2][4][18]. - The focus on high-growth technology sectors, such as AI computing, robotics, and semiconductors, is emphasized as a key investment direction, alongside cyclical commodities that are expected to see price increases [18][5]. - The market is expected to experience a rotation, with sectors like TMT (Technology, Media, and Telecommunications) likely to perform better post-holiday, as historical trends indicate a recovery in risk appetite after the Spring Festival [17][11].

为满足广大投资者的理财需求，上海国泰海通证券资产管理有限公司（以下简称"本公司"或"基金管理 人"或"国泰海通资管"）决定，自2026年2月9日起，对本公司旗下满足转换业务规则的所有公开募集证 券投资基金（以下简称"公募基金"）在本公司直销柜台开通基金转换业务。基金转换是指投资者可将其 通过销售机构购买并持有的本公司旗下某只基金的全部或部分基金份额，转换为本公司管理的、同一销 售机构销售的且属同一注册登记机构的另一只开放式基金的份额的行为。现将有关事项公告如下： 一、办理时间 公司旗下满足转换业务规则的所有公募基金的转换业务自2026年2月9日起正式开通，业务办理时间为上 海证券交易所和深圳证券交易所交易日（本公司公告暂停申购、赎回时除外）。 二、适用基金 所有在国泰海通资管直销柜台销售的场外公开募集证券投资基金。基金管理人管理的基金类型为基金中 基金（FOF）、货币市场基金、QDII基金、不动产投资信托基金（REITs）及个人养老金基金名录中的 Y类基金份额暂不开放转换业务。 后续本公司新成立其他证券投资基金在直销柜台上线的，在满足基金转换业务规则后将自动开通基金转 换业务，不再另行公告，敬请投资者留意。 ...

Group 1 - The core viewpoint of the article indicates that the market is expected to continue its oscillation in the upcoming week, based on various technical indicators and market sentiment models [1][2]. - The liquidity shock indicator for the CSI 300 index was reported at 6.21, which is higher than the previous week's 5.07, suggesting that current market liquidity is significantly above the average level over the past year [2]. - The PUT-CALL ratio for the SSE 50 ETF increased to 0.96 from 0.89, indicating a rising caution among investors regarding the short-term performance of the SSE 50 ETF [2]. Group 2 - The Shanghai Composite Index and Wind All A five-day average turnover rates were recorded at 1.34% and 1.97%, respectively, indicating a decrease in trading activity, positioned at the 77.24% and 82.76% percentiles since 2005 [2]. - The official manufacturing PMI for China in January was reported at 49.3, lower than the previous value of 50.1 and below the consensus expectation of 50.18, while the S&P Global China Manufacturing PMI was at 50.3, slightly above the previous value [2]. - The SAR indicator showed that the Wind All A index broke below the reversal indicator on February 2, indicating a potential downward trend [2]. Group 3 - The A-share market experienced fluctuations last week, with the SSE 50 index down by 0.93%, the CSI 300 index down by 1.33%, the CSI 500 index down by 2.68%, and the ChiNext index down by 3.28% [3]. - The current overall market PE (TTM) stands at 23.0 times, which is at the 81.0% percentile since 2005, indicating a relatively high valuation level [3]. - Observations on factor crowding indicate a decrease in high profitability factor crowding, with small-cap factor crowding at 0.06 and low valuation factor crowding at -0.31 [3].