<p>中国和香港股市周五变化不大，但本周有望录得涨幅，因为投资者继续青睐与人工智能相关的股票，同时在主要基准接近多年高点时变得谨慎。</p>
<p>** 中国蓝筹股 CSI300 指数和上海综合指数午盘前均上涨 0.2%。香港基准恒生指数下跌 0.2%。</p>
<p>** 在岸人工智能股票本周反弹 6.5%，此前连续四周下跌。香港交易的科技巨头本周上涨近 4%。</p>
<p>** CSI300 指数本周迄今上涨 1.6%，而恒生指数上涨 2.6%。</p>
<p>** 华西证券分析师表示，预计到 2026 年，中国股市将重点关注科技和分红股票，随着指数的上升，波动性可能加大，因此时机把握至关重要，交易指标值得关注。</p>
<p>** 路透社报道，运动服饰公司安踏体育和李宁的股票均小幅下跌，因这两家公司正在探索收购陷入困境的德国运动品牌彪马的可能性。</p>
<p>** 中国开发商万科在香港上市的股票下跌近 2%，创下历史新低，同时其债券价格也出现下跌。</p>
<p>** 深圳龙 Pacific Capital Management Co. 的董事长 Charles Wang 表示，他去年在房地产股票中持有大量头寸，但此后逐渐减少了敞口。</p>
<p>** Wang 说，如果政府表示这应在 “市场原则” 下处理，市场必须承担一些损失，债权人也必须承担一些损失。</p>
<p>** 本周，一则媒体报道引发了对这家国有开发商可能面临债务重组的猜测。</p>

李宁

<p>中国和香港股市预计将实现周涨幅，受人工智能相关股票反弹的推动。本周，CSI300 指数上涨了 1.6%，恒生指数上涨了 2.6%。分析师预测，2026 年将关注科技和分红，同时波动性加大。运动服饰公司安踏和李宁在收购彪马的谈判中出现下跌。万科的股票创下历史新低，市场对债务重组的猜测加剧。Charles Wang 指出，减少了对房地产股票的投资，强调以市场为基础的原则来处理损失</p>

<p>China and Hong Kong stocks were little changed on Friday but headed for weekly gains, as investors kept favouring artificial intelligence-related shares while turning cautious with key benchmarks near multi-year highs.</p>
<div class="lb-trans"><p>中国和香港股市周五变化不大，但本周有望录得涨幅，因为投资者继续青睐与人工智能相关的股票，同时在主要基准接近多年高点时变得谨慎。</p>
</div><p>** China's blue-chip CSI300 Index  and the Shanghai Composite Index  both edged up 0.2% by the lunch break. Hong Kong benchmark Hang Seng  was down 0.2%.</p>
<div class="lb-trans"><p>** 中国蓝筹股 CSI300 指数和上海综合指数午盘前均上涨 0.2%。香港基准恒生指数下跌 0.2%。</p>
</div><p>** Onshore AI shares  have rebounded 6.5% this week, after four consecutive weeks of declines. Tech majors traded in Hong Kong  were up nearly 4% this week.</p>
<div class="lb-trans"><p>** 在岸人工智能股票本周反弹 6.5%，此前连续四周下跌。香港交易的科技巨头本周上涨近 4%。</p>
</div><p>** The CSI300 Index was up 1.6% so far this week, while the Hang Seng Index rose 2.6%.</p>
<div class="lb-trans"><p>** CSI300 指数本周迄今上涨 1.6%，而恒生指数上涨 2.6%。</p>
</div><p>** China's stock market in 2026 is expected to focus on technology and dividend plays, with rising indexes likely to bring greater volatility, making timing crucial and trading indicators worth watching, said analysts at Huaxi Securities.</p>
<div class="lb-trans"><p>** 华西证券分析师表示，预计到 2026 年，中国股市将重点关注科技和分红股票，随着指数的上升，波动性可能加大，因此时机把握至关重要，交易指标值得关注。</p>
</div><p>** Shares of sportswear firms Anta Sports Products  and Li Ning  both edged down after Reuters reported the two companies are among those exploring a potential takeover of struggling German sportswear brand Puma .</p>
<div class="lb-trans"><p>** 路透社报道，运动服饰公司安踏体育和李宁的股票均小幅下跌，因这两家公司正在探索收购陷入困境的德国运动品牌彪马的可能性。</p>
</div><p>** Chinese developer Vanke's Hong Kong-listed shares  fell nearly 2% to a record low, along with declines in its bond prices.</p>
<div class="lb-trans"><p>** 中国开发商万科在香港上市的股票下跌近 2%，创下历史新低，同时其债券价格也出现下跌。</p>
</div><p>** Charles Wang, chairman of Shenzhen Dragon Pacific Capital Management Co, said he held a sizable position in property stocks last year, but has since gradually cut exposure.</p>
<div class="lb-trans"><p>** 深圳龙 Pacific Capital Management Co. 的董事长 Charles Wang 表示，他去年在房地产股票中持有大量头寸，但此后逐渐减少了敞口。</p>
</div><p>** If the government says this should be handled under &#34;market-based principles&#34;, the market must bear some losses and bondholders must take some losses, Wang said.</p>
<div class="lb-trans"><p>** Wang 说，如果政府表示这应在 “市场原则” 下处理，市场必须承担一些损失，债权人也必须承担一些损失。</p>
</div><p>** This week, a media report sparked speculation that the state-backed developer might face a debt restructuring.</p>
<div class="lb-trans"><p>** 本周，一则媒体报道引发了对这家国有开发商可能面临债务重组的猜测。</p>
</div>

由于人工智能情绪回暖，中国和香港股市预计将在本周收高