China Intelligence — Macro Dashboard

Neutral中性 RORO -0.03 Fear/Euphoria恐惧/亢奋 Neutral中性 PBoC央行 On hold / neutral按兵不动 / 中性 Media媒体 supportive / pro-growth lean偏积极 / 稳增长 Freshest data最新数据 75d old天 Context only仅供参考

Desk Status Board面板状态

📰 News新闻

China news tape中国财经新闻

2026-09-15

🏛️ Policy政策

PBoC & policy watch央行与政策观察

2026-09-15

ACCRUING累积中

🛰️ Alt-Data另类数据

Smart-money convergence聪明钱共振

2026-09-15

📡 Radar雷达

Divergence signals背离信号

2026-09-15

⚠️ Special Sits特殊情景

Unlocks · inquiry · ST watch解禁·问询·ST观察

2026-09-09

📊 Stocks Board个股板

China stocks board中国个股板

🗂️ Sector Desk板块台

Sector momentum desk板块动能台

Risk appetite风险偏好 Neutral中性 Fear↔Euphoria恐惧↔亢奋 Neutral中性 RORO -0.03 soft overlay — context, not a score leg软性叠加——背景，非评分腿

Policy Phrase Shifts政策表述变化

Official language APPEARED / DROPPED / LEAD_SHIFT events, last 14d官方文件 14 天内新增/消失/头版转向事件 · 0 events条 ACCRUING · salience-only累积中 · 仅显著性 See policy watch →查看政策观察 →

Cold-start feeds (no prior window yet — cannot detect APPEARED/DROPPED):刚启动的数据源（还没有历史窗口，无法判断新增或消失）： csrc, ndrc, pboc, peoples_daily, state_council

No recent phrase-shift events in the last 14 days.最近 14 天内无政策表述变化事件。

⚠ Salience-only — direction unproven (accruing)仅显著性——方向未验证（台账积累中）

🎯 What matters most today今日要点

scheduled日程IP, FAI & retail sales (Sep 15)工业增加值、固投与社零（9月15日） — Scheduled high-impact China release ahead.即将发布的高影响中国数据。
news新闻Media sentiment supportive / pro-growth lean媒体情绪偏积极 / 稳增长 — z +0.98 over 95d.95日 z +0.98。
radar雷达New-energy vehicle divergence (positive)新能源车背离（正向） — radar Sector net-flow → New-energy vehicle · 6 China headlines · 9 alt-data members accumulating · emerging (leading the crowd)雷达板块净流入 → 新能源车 · 该主题 6 条头条 · 9 只成员吸筹 · 萌芽（领先于人群）
radar雷达Banks divergence (negative)银行背离（负向） — radar Credit impulse (TSF) → Banks · 52 China headlines · 7 alt-data members distributing · policy tailwind · consensus (leading the crowd)雷达信用脉冲(社融) → 银行 · 该主题 52 条头条 · 7 只成员派发 · 政策顺风 · 共识（领先于人群）
chain链条PBoC easing → liquidity → brokers/property → breadth (forming)央行宽松 → 流动性 → 券商/地产 → 市场宽度（形成中） — 2/5 legs of the easing-reflation path align.宽松再通胀路径 2/5 段一致。

New accumulation新增吸筹: 6

Cross-surface conviction跨面板共振

Independence-weighted confluence across radar · alt-data · news · policy · risk-appetite, ranked by OPPORTUNITY (edge-remaining × leading-gap) — leading ideas promoted, priced/confirmed ones demoted. Context salience, never a position size.跨雷达·另类数据·新闻·政策·风险偏好的独立性加权共振，按机会度（剩余空间×领先差）排序——领先的提升、已定价的降级。仅为显著性，绝非仓位。

Sector板块	Opportunity机会度	Stage阶段	Conviction置信	Surfaces面板	Read解读
New-energy vehicle新能源车 ▲	76.6	Emerging萌芽 ↑2	70.1 Elevated偏强	radaraltdata news: magnitude-only — sign unproven (accruing)新闻：仅幅度——方向未验证（台账积累中）	radar Sector net-flow → New-energy vehicle · 6 China headlines · 9 alt-data members accumulating · emerging (leading the crowd)雷达板块净流入 → 新能源车 · 该主题 6 条头条 · 9 只成员吸筹 · 萌芽（领先于人群）中伟新材 (300919.SZ) · 宁德时代 (300750.SZ) · 湖南裕能 (301358.SZ)
Nonferrous metals有色金属 ▲	21.4	Emerging萌芽 ↑2	38.7 Moderate中性	radaraltdata news: magnitude-only — sign unproven (accruing)新闻：仅幅度——方向未验证（台账积累中）	radar Sector net-flow → Nonferrous metals · 12 China headlines · 7 alt-data members accumulating · emerging (leading the crowd)雷达板块净流入 → 有色金属 · 该主题 12 条头条 · 7 只成员吸筹 · 萌芽（领先于人群）宏桥控股 (002379.SZ) · 紫金矿业 (601899.SS) · 云铝股份 (000807.SZ)
Banks银行 ▼	19.3	Consensus共识 ↑2	49.8 Moderate中性	radaraltdatapolicy news: magnitude-only — sign unproven (accruing)新闻：仅幅度——方向未验证（台账积累中）	radar Credit impulse (TSF) → Banks · 52 China headlines · 7 alt-data members distributing · policy tailwind · consensus (leading the crowd)雷达信用脉冲(社融) → 银行 · 该主题 52 条头条 · 7 只成员派发 · 政策顺风 · 共识（领先于人群）浦发银行 (600000.SS) · 光大银行 (601818.SS) · 北京银行 (601169.SS)
Brokers券商 ▼	17.4	Early早期 ↑1	17.5 Low偏弱	radar news: magnitude-only — sign unproven (accruing)新闻：仅幅度——方向未验证（台账积累中）	radar Sector net-flow → Brokers · 49 China headlines · 1 alt-data members distributing · early (leading the crowd)雷达板块净流入 → 券商 · 该主题 49 条头条 · 1 只成员派发 · 早期（领先于人群）长江证券 (000783.SZ)
Banks银行 ▼	15.6	Consensus共识 ↑2	40.7 Moderate中性	radaraltdata news: magnitude-only — sign unproven (accruing)新闻：仅幅度——方向未验证（台账积累中）	radar Sector net-flow → Banks · 52 China headlines · 7 alt-data members distributing · consensus (leading the crowd)雷达板块净流入 → 银行 · 该主题 52 条头条 · 7 只成员派发 · 共识（领先于人群）浦发银行 (600000.SS) · 光大银行 (601818.SS) · 北京银行 (601169.SS)
Coal煤炭 ▼	2.3	Exhausted见顶 ↑1	13.2 Low偏弱	radar news: magnitude-only — sign unproven (accruing)新闻：仅幅度——方向未验证（台账积累中）	radar PPI reflation → Coal · 1 China headlines · 3 alt-data members distributing · exhausted (leading the crowd)雷达 PPI再通胀 → 煤炭 · 该主题 1 条头条 · 3 只成员派发 · 见顶/拥挤（领先于人群）中煤能源 (601898.SS) · 中国神华 (601088.SS) · 晋控煤业 (601001.SS)

🧠 AI cross-surface synthesisAI 跨面板综合 (deterministic only — AI read unavailable仅确定性——AI解读不可用 · not_wired)

Flagged tickers标记个股

Names lit by ≥2 surfaces (alt-data accumulation inside a radar-lit, news-covered theme). Context watchlist, not a recommendation.被≥2个面板点亮的个股（位于雷达点亮、新闻覆盖主题内的另类数据吸筹）。背景自选，非推荐。

宏桥控股 002379.SZ · altdata+radar+news 中伟新材 300919.SZ · altdata+radar+news 宁德时代 300750.SZ · altdata+radar+news 紫金矿业 601899.SS · altdata+radar+news 云铝股份 000807.SZ · altdata+radar+news 湖南裕能 301358.SZ · altdata+radar+news 浦发银行 600000.SS · altdata+radar+news 光大银行 601818.SS · altdata+radar+news 北京银行 601169.SS · altdata+radar+news 中煤能源 601898.SS · altdata+radar+news 中国神华 601088.SS · altdata+radar+news 晋控煤业 601001.SS · altdata+radar+news

Transmission chains传导链条

Forming形成中 PBoC easing → liquidity → brokers/property → breadth央行宽松 → 流动性 → 券商/地产 → 市场宽度 2/5

· PBoC stance easing央行立场宽松✓ PBoC easing score rising宽松分上升· Credit impulse improving信用脉冲改善· Southbound inflow南向资金流入✓ News skews monetary/policy新闻偏货币/政策

Dormant休眠 Activity (PMI) + credit → industrial cyclicals经济活动(PMI)+信用 → 工业周期股 0/3

· Mfg PMI expanding制造业PMI扩张· Credit impulse improving信用脉冲改善· News skews industrial/growth新闻偏产业/增长

⚠ Cuts delivered but the corridor classifier still reads neutral — priced-for-easing, not yet confirmed.已有降息/降准，但走廊分类仍为中性——宽松已被预期但尚未确认。

Intelligence Surfaces情报面板

📰

China News中国财经新闻

supportive / pro-growth lean偏积极 / 稳增长

1270 events/7d事件/7天 · 6 themes主题

2026-09-15

Open news tape →打开新闻脉搏 →

🏛️

PBoC & Policy央行与政策

On hold / neutral按兵不动 / 中性

LPR 3.0/3.5 · RRR 9.0 · easing impulse宽松动能

2026-09-15

Open policy watch →打开政策观察 →

🛰️

Alternative Data另类数据

convergence watchlist共振自选 · 3278 full-coverage三源齐全

2026-09-15

Open alt-data desk →打开另类数据台 →

📡

Divergence Radar背离雷达

active divergences活跃背离 · ledger台账 Unproven未验证

2026-09-15

Open radar →打开雷达 →

⚠️

Special Situations特殊情景

162

forward unlocks待解禁 · 1 letters问询函 · 205 ST namesST名称

2026-09-09

⚠ large unlock flagged大宗解禁预警

Open special sits →打开特殊情景 →

Next catalysts即将催化

Sep 15 · IP, FAI & retail sales工业增加值、固投与社零Sep 21 · LPR fix (loan prime rate)LPR 报价（贷款市场报价利率）

Standing policy calls政策预测

PBoC cuts RRR by ≥25bp by 2026-09-30.1Y LPR cut ≥10bp by 2026-12-31.Additional consumption trade-in / demand-side fiscal support announced in H2 2026.

Machine digest (what the Mastermind reads)机器摘要（Mastermind 读取的内容）

WHAT MATTERS MOST: • IP, FAI & retail sales (Sep 15) — Scheduled high-impact China release ahead. • Media sentiment supportive / pro-growth lean — z +0.98 over 95d. • New-energy vehicle divergence (positive) — radar Sector net-flow → New-energy vehicle · 6 China headlines · 9 alt-data members accumulating · emerging (leading the crowd) CHANGED TODAY: new accumulation: 002668.SZ, 300010.SZ, 600059.SS STACKED READS: • New-energy vehicle (positive) cc=70.1 [radar+altdata] • Nonferrous metals (positive) cc=38.7 [radar+altdata] • Banks (negative) cc=49.8 [radar+altdata+policy] News: media sentiment supportive (z +0.98), 1270 events/7d baskets: AI Compute & Optics(153), Banks(52), Brokers(49), Semiconductors(45) PBoC: stance neutral; LPR1Y 3.0 / 5Y 3.5; RRR 9.0 — Easing in progress — stance not yet flipped Alt-data accumulation: 600792.SS(600792.SS), 688656.SS(688656.SS), 688090.SS(688090.SS), 600255.SS(600255.SS) Radar divergences: Sector net-flow→New-energy vehicle positive; Credit impulse (TSF)→Banks negative; Sector net-flow→Banks negative; Sector net-flow→Brokers negative; Sector net-flow→Nonferrous metals positive (ledger: unproven) COMMAND TOP-2: 002498.SZ (early edge=91%) · 002204.SZ (early edge=91%) (universe=138, context-only)

China Command List中国指挥清单

Ranked by opportunity = signal × edge-remaining × leading-gap — NOT by desk agreement. Emerging = altdata/radar leading while news/board are still quiet.按机会评分排序 = 信号 × 剩余边际 × 领先差值 — 非按共识排序。萌芽 = 另类数据/雷达领先，新闻/买入板尚静。 context only仅供参考 Universe覆盖: 138 · Emerging萌芽: 0 · Early早期: 51 · No-price无价格: 9

Ticker代码	Name名称	Stage阶段	Edge剩余边际	Opp机会	RS/Off-HighRS/偏离高点	Read · What changes it读数 · 改判条件
002498.SZ	002498.SZ	Early早期	91%	77	RS +2% -35%H	A leading desk is ahead of the crowd — early, ~91% edge remaining.已有一个台走在市场前面——早期阶段，剩余边际约 91%。
002204.SZ	大连重工	Early早期	91%	65	RS +2% -33%H	A leading desk is ahead of the crowd — early, ~91% edge remaining.已有一个台走在市场前面——早期阶段，剩余边际约 91%。
002941.SZ	新疆交建	Early早期	87%	61	RS +5% -46%H	A leading desk is ahead of the crowd — early, ~87% edge remaining.已有一个台走在市场前面——早期阶段，剩余边际约 87%。
600059.SS	古越龙山	Early早期	59%	47	RS +19% -14%H	A leading desk is ahead of the crowd — early, ~59% edge remaining.已有一个台走在市场前面——早期阶段，剩余边际约 59%。
300919.SZ	中伟新材	Early早期	93%	43	RS -3% -39%H	A leading desk is ahead of the crowd — early, ~93% edge remaining.已有一个台走在市场前面——早期阶段，剩余边际约 93%。 ⚠ radar signal unproven (0 resolved outcomes)雷达信号尚未验证（已结算样本为 0）
002668.SZ	TCL智家	Faltering走弱	63%	42	RS -6% -18%H	Price rolling over while desks remain constructive — wait for stabilization.价格已转弱而各台仍偏乐观——等待企稳。 ⚠ price is rolling over (20d drawdown + RS falling)价格正在转弱（20 日回撤 + 相对强度走低）
688795.SS	摩尔线程	Faltering走弱	50%	36	RS -30% -59%H	Price rolling over while desks remain constructive — wait for stabilization.价格已转弱而各台仍偏乐观——等待企稳。 ⚠ price is rolling over (20d drawdown + RS falling)价格正在转弱（20 日回撤 + 相对强度走低）
301358.SZ	湖南裕能	Faltering走弱	63%	29	RS -15% -49%H	Price rolling over while desks remain constructive — wait for stabilization.价格已转弱而各台仍偏乐观——等待企稳。 ⚠ price is rolling over (20d drawdown + RS falling); radar signal unproven (0 reso价格正在转弱（20 日回撤 + 相对强度走低）；雷达信号尚未验证（已结算样本为
300750.SZ	宁德时代	Faltering走弱	63%	29	RS -12% -27%H	Price rolling over while desks remain constructive — wait for stabilization.价格已转弱而各台仍偏乐观——等待企稳。 ⚠ price is rolling over (20d drawdown + RS falling); radar signal unproven (0 reso价格正在转弱（20 日回撤 + 相对强度走低）；雷达信号尚未验证（已结算样本为
601818.SS	光大银行	Distribution派发	90%	17	RS +2% -19%H	Desks lean bearish and price is rolling over — distribution phase.各台偏空且价格转弱——派发阶段。 ⚠ radar signal unproven (0 resolved outcomes)雷达信号尚未验证（已结算样本为 0）
600000.SS	浦发银行	Distribution派发	90%	17	RS +3% -35%H	Desks lean bearish and price is rolling over — distribution phase.各台偏空且价格转弱——派发阶段。 ⚠ radar signal unproven (0 resolved outcomes)雷达信号尚未验证（已结算样本为 0）
601169.SS	北京银行	Distribution派发	66%	12	RS +13% -10%H	Desks lean bearish and price is rolling over — distribution phase.各台偏空且价格转弱——派发阶段。 ⚠ radar signal unproven (0 resolved outcomes)雷达信号尚未验证（已结算样本为 0）
002379.SZ	宏桥控股	Early早期	93%	12	RS -5% -39%H	A leading desk is ahead of the crowd — early, ~93% edge remaining.已有一个台走在市场前面——早期阶段，剩余边际约 93%。 ⚠ radar signal unproven (0 resolved outcomes)雷达信号尚未验证（已结算样本为 0）
601066.SS	中信建投	Distribution派发	93%	12	RS -3% -20%H	Desks lean bearish and price is rolling over — distribution phase.各台偏空且价格转弱——派发阶段。 ⚠ radar signal unproven (0 resolved outcomes)雷达信号尚未验证（已结算样本为 0）
601788.SS	光大证券	Distribution派发	91%	12	RS +2% -29%H	Desks lean bearish and price is rolling over — distribution phase.各台偏空且价格转弱——派发阶段。 ⚠ radar signal unproven (0 resolved outcomes)雷达信号尚未验证（已结算样本为 0）

Show all展开全部 30 names只 ▸

Ticker代码	Name名称	Stage阶段	Edge剩余边际	Opp机会	RS/Off-HighRS/偏离高点	Read读数
601899.SS	紫金矿业	Early早期	86%	11	RS +6% -21%H	A leading desk is ahead of the crowd — early, ~86% edge remaining.已有一个台走在市场前面——早期阶段，剩余边际约 86%。
000807.SZ	云铝股份	Early早期	84%	11	RS +8% -20%H	A leading desk is ahead of the crowd — early, ~84% edge remaining.已有一个台走在市场前面——早期阶段，剩余边际约 84%。
000783.SZ	长江证券	Distribution派发	81%	10	RS +4% -14%H	Desks lean bearish and price is rolling over — distribution phase.各台偏空且价格转弱——派发阶段。
601898.SS	中煤能源	Distribution派发	81%	2	RS +11% -22%H	Desks lean bearish and price is rolling over — distribution phase.各台偏空且价格转弱——派发阶段。
601001.SS	晋控煤业	Quiet平静	77%	2	RS +3% -22%H	No strong cross-desk signal — monitoring.跨台无明显信号——持续观察。
601088.SS	中国神华	Distribution派发	64%	2	RS +10% -7%H	Desks lean bearish and price is rolling over — distribution phase.各台偏空且价格转弱——派发阶段。
688656.SS	688656.SS	Consensus共识	40%	35	no price plane / 无价格数据	Multiple desks agree with price confirmed — consensus, ~40% edge remaining.多个台意见一致且价格确认——共识阶段，剩余边际约 40%。
601579.SS	会稽山	Consensus共识	40%	33	no price plane / 无价格数据	Multiple desks agree with price confirmed — consensus, ~40% edge remaining.多个台意见一致且价格确认——共识阶段，剩余边际约 40%。
688011.SS	688011.SS	Consensus共识	40%	30	no price plane / 无价格数据	Multiple desks agree with price confirmed — consensus, ~40% edge remaining.多个台意见一致且价格确认——共识阶段，剩余边际约 40%。
600469.SS	风神股份	Consensus共识	40%	30	no price plane / 无价格数据	Multiple desks agree with price confirmed — consensus, ~40% edge remaining.多个台意见一致且价格确认——共识阶段，剩余边际约 40%。
301558.SZ	301558.SZ	Distribution派发	38%	24	no price plane / 无价格数据	Desks lean bearish and price is rolling over — distribution phase.各台偏空且价格转弱——派发阶段。
002480.SZ	002480.SZ	Distribution派发	75%	0	no price plane / 无价格数据	Desks lean bearish and price is rolling over — distribution phase.各台偏空且价格转弱——派发阶段。
301630.SZ	301630.SZ	Early早期	75%	0	no price plane / 无价格数据	A leading desk is ahead of the crowd — early, ~75% edge remaining.已有一个台走在市场前面——早期阶段，剩余边际约 75%。
301373.SZ	301373.SZ	Early早期	75%	0	no price plane / 无价格数据	A leading desk is ahead of the crowd — early, ~75% edge remaining.已有一个台走在市场前面——早期阶段，剩余边际约 75%。
600792.SS	600792.SS	Early早期	75%	0	no price plane / 无价格数据	A leading desk is ahead of the crowd — early, ~75% edge remaining.已有一个台走在市场前面——早期阶段，剩余边际约 75%。