信用业务周报 如何解读中美元首会晤所催化的积极市场反应？ 2023年11月20日 中泰证券研究所 分析师：徐驰 执业证书编号：s0740519080003分析师：张宇 执业证书编号：s0740520120003 请务必阅读正之后的信息披露和重要声明 i i01 2 0123456789a78bcdefighijklmnopqrscltuvwxyz abcdeffizghqijcklmnioprsttutvwqrscxyzl8a itqrsc7stqrscgtuctvbijk pqrscczghtujq hfmvoycghcy‘gfficis“o”‘’mttuwczozcycusuhfi flcc‘uco”yfihtucflucio”c0i zmccnzg 0caivzkcxz zgg0bcha7zzvghcyca0gd1235fi6gc7r89smycva‘zg08ai i0 2i01 bcdedfcngchiefjikzlmznopttutwst7wqzrstutcdeopklpvwxyzmvadibcdedttulcgdzcbutfideopfddzcghijdefutccfideibkkecdefvficdelmnopmefqrscitjkuvwcdexyz c56ayzpfngcfi whifi mvhx7cfijx cwsli tcdeefn‘fief5b0uzgittuvwzdwv 9adfsdidd1gqcguyefauamefaccegmbfi 123456789 2i01 efggdbrsimefj‘o i0ckuncdqmt7gfggc“iuefz”c‘tc‘’qmbpgkyjitbopefddficiveffifiq qiflec58mrsq zc”cgcdeffiwcaiumfsdfisflc0smsfl‘cbc’hsflcg0da7i zqjmfg7s0sz0bdycoi’ltu7wzqjmfl zafiha7c tuf9uiti abcdef0 2i01 tuz‘tuz0efa1‘ac23i43ztuz0o5hefacvc7065hefactvz70o5efavct7065o8hefavcipb9c0zatqfm9fbi yz0acopoymfficy7 ic2copicz‘tcoypitu0o5gflucoyopm0afluzoaffiyltfxfiaffisb7clideifdacypidf‘guhcoyijktucijg7ilhvzdfdgmdno‘xypcoyi ia0123456789 ghijkl78mn 1000 900 800 700 600 500 400 300 200 100 000 2i01 20191031 20191231 20200229 20200430 20200630 20200831 20201031 美国cpi同比（） 美国核cpi同比（） 美国cpi环比（）（右轴） 美国核cpi环比（）（右轴） 20201231 20210228 20210430 20210630 20210831 20211031 20211231 20220228 20220430 20220630 20220831 20221031 20221231 20230228 20230430 20230630 20230831 ghijopqrstuvwxy 200 150 100 050 000 050 100 10 01234567809123452 20231031 i ef‘ lmtqrsvm0tttvuvuv‘gwm0ttfli ytu‘zz58‘gm0t tflwz5i‘gwm0ttttti tutulavctubc5 tlvgctudefghikf tt7v7ti lmn0 lmoxpwlqrsv9vfl7fla”uvgfi9uvptfiai slslmtfl7vmlm0fguyvt q0i wxy rsttoxpw9zmat7flvflglm7”uvp9acfli tuztutuw9zma‘ca svwgi abcd i013456768999 tqrsvm0tttvuv uv‘gwm0ttfli ytu‘zz58‘gm0ttflwz5i‘gwm0ttttti 250 200 周涨跌幅（）前1周涨跌幅（） 4 za9z 150 100 050 000 中证1000 中小综指 中证500 050 100 150 1 创业板50 1 万得全a 上证指数 科创50 深证成指 沪深300 上证50 中证100 创业板指 abc de fg hijg kl m nopq rst uvw xy 200 i013456768999 i013456768999 efghijcd i01345676184999 tutulavctubc5 tlvgctudefgh ikftt7v7ti 70 za9z 4 1 1 0 0 1234 56 789 0 9 ab cdef ghj kl mn oq rst4 u4vw xyez a bcbt de fmg hijk lmno pqr stuv yw oxy mz y i013456768999 lmoxpwlqrsv9vfl7fla”uvgfi9uvptfiai 1237456789 klmnopqrstuvwxyzd 11 1 14 1 1 4 41 11 1 11 1 1 14 1 1 1 1 1 11 111 11 1 4 1 11 1 1 4 1 i013456768999 slslmtfl7vmlm0fguyv tq0i 1 1 1 1 1 1 1 1 1 1 13abcde bxcdefghijkcdefg 1 1 1 1 78abcde lmnzocdefg 41 1 4 11 1 1 4 1 11 11 1 4 11 i013456768999i0134567689997 ia3bcdefbghijklmn rsttoxpw9zmat7flvflglm7” uvp9acfli tuztutuw9zma‘casvwgi fghijkllmnop pqrstu877v77pqrsxvyz 1 4 1 14 14 11 11 1 11 1 1 14 1 1 1 1 1 11 111 11 1 4 1 11 1 1 4 1 1 i0134567689997 efghijcdabc i01345676899919 dkef0lx i01 0123456789 abc defgheideeijkflmn9gheiopqrstc uvowxyzeoabcdeffighijklmn5op67fqrslmn5opeioptk3c uvowxyzwxei9yvzd3c 678z67678wnzc 88c ghijklmnopqqrstudop”twmgijxyzijjoddopgodopdgo ddopo66gmo6bbvsodopi6rm6dg 4mo“”6‘’odopdfirfl6iodwg6nb6dopg flbodgc‘g6ngo m6obr6dopbdgbkbb0o 61r6dopdop23‘4mg5opiij67io866‘6op9imabcdodopdop23‘doefggo dhijughijklmnop”moklmdopnoi6b3m6pd7i bfiqrhstuvwx6pd7imyzo