diff --git a/manual_trading_hub/hub.py b/manual_trading_hub/hub.py
index 6254982..3bba1fc 100644
--- a/manual_trading_hub/hub.py
+++ b/manual_trading_hub/hub.py
@@ -234,6 +234,21 @@ async def _hub_lifespan(_app: FastAPI):
 
 app = FastAPI(title="复盘系统中控", docs_url=None, redoc_url=None, lifespan=_hub_lifespan)
 STATIC_DIR = DIR / "static"
+_REPO_STATIC = _REPO_ROOT / "static"
+_AI_REVIEW_RENDER_JS = _REPO_STATIC / "ai_review_render.js"
+
+
+@app.get("/assets/ai_review_render.js")
+def hub_ai_review_render_js():
+    """与四所实例共用仓库根 static/ai_review_render.js（须在 /assets mount 之前注册）。"""
+    if not _AI_REVIEW_RENDER_JS.is_file():
+        raise HTTPException(status_code=404, detail="ai_review_render.js not found")
+    return FileResponse(
+        str(_AI_REVIEW_RENDER_JS),
+        media_type="application/javascript; charset=utf-8",
+    )
+
+
 if STATIC_DIR.is_dir():
     app.mount("/assets", StaticFiles(directory=str(STATIC_DIR)), name="assets")
 
diff --git a/manual_trading_hub/static/app.css b/manual_trading_hub/static/app.css
index 44cd60d..d3f3caa 100644
--- a/manual_trading_hub/static/app.css
+++ b/manual_trading_hub/static/app.css
@@ -3513,6 +3513,68 @@ body.hub-page-ai #page-ai {
   overflow-wrap: anywhere;
   word-break: break-word;
 }
+.ai-md-body.ai-result-md,
+.ai-bubble-assistant.ai-result-md {
+  white-space: normal;
+}
+.ai-result-md p {
+  margin: 6px 0;
+  color: var(--text);
+}
+.ai-result-md ul,
+.ai-result-md ol {
+  margin: 6px 0 8px 1.25em;
+  padding: 0;
+}
+.ai-result-md li {
+  margin: 5px 0;
+  line-height: 1.5;
+}
+.ai-result-md strong {
+  color: var(--text);
+  font-weight: 600;
+}
+.ai-result-md h2 {
+  font-size: 1.02rem;
+  color: var(--accent-2, var(--accent));
+  margin: 14px 0 8px;
+  padding-bottom: 4px;
+  border-bottom: 1px solid var(--border-soft);
+}
+.ai-result-md h3,
+.ai-result-md h4 {
+  font-size: 0.92rem;
+  color: var(--accent-2, var(--accent));
+  margin: 10px 0 6px;
+}
+.ai-result-md code {
+  background: color-mix(in srgb, var(--inset-surface) 70%, var(--border-soft));
+  padding: 1px 4px;
+  border-radius: 4px;
+  font-size: 0.82em;
+}
+.ai-result-md .md-raw-block-title {
+  margin-top: 14px;
+  padding-top: 10px;
+  border-top: 1px dashed var(--border-soft);
+  color: var(--muted);
+  font-weight: 600;
+}
+.ai-bubble-assistant.ai-result-md p {
+  margin: 4px 0;
+}
+.ai-bubble-assistant.ai-result-md h2,
+.ai-bubble-assistant.ai-result-md h3,
+.ai-bubble-assistant.ai-result-md h4 {
+  margin: 8px 0 4px;
+  font-size: 0.92rem;
+  border-bottom: none;
+  padding-bottom: 0;
+}
+.ai-bubble-assistant.ai-result-md ul,
+.ai-bubble-assistant.ai-result-md ol {
+  margin: 4px 0 6px 1.15em;
+}
 .ai-placeholder {
   color: var(--muted);
   margin: 0;
diff --git a/manual_trading_hub/static/app.js b/manual_trading_hub/static/app.js
index 17a5b21..afbc21a 100644
--- a/manual_trading_hub/static/app.js
+++ b/manual_trading_hub/static/app.js
@@ -2958,17 +2958,32 @@
     return `${n > 0 ? "+" : "-"}${abs}U`;
   }
 
-  function renderAiMarkdown(text) {
-    const escLocal = (s) =>
-      String(s || "")
-        .replace(/&/g, "&")
-        .replace(/</g, "&lt;")
-        .replace(/>/g, "&gt;");
-    return escLocal(text)
+  function renderHubMarkdown(text) {
+    const raw = String(text || "");
+    if (typeof window !== "undefined" && window.AiReviewRender && window.AiReviewRender.renderMarkdown) {
+      return window.AiReviewRender.renderMarkdown(raw);
+    }
+    return esc(raw)
       .replace(/\*\*(.+?)\*\*/g, "<strong>$1</strong>")
       .replace(/\n/g, "<br>");
   }
 
+  function renderAiMarkdown(text) {
+    return renderHubMarkdown(text);
+  }
+
+  function setAiSummaryMarkdown(body, contentMd) {
+    if (!body) return;
+    body.classList.add("ai-result-md");
+    body.innerHTML = renderHubMarkdown(contentMd);
+  }
+
+  function setAiSummaryPlaceholder(body, html) {
+    if (!body) return;
+    body.classList.remove("ai-result-md");
+    body.innerHTML = html;
+  }
+
   function renderAiSummaryStats(snapshot) {
     const el = document.getElementById("ai-summary-stats");
     if (!el) return;
@@ -2994,10 +3009,13 @@
     const label = isUser ? "主人" : "AI教练";
     const rowCls = isUser ? "ai-msg-row-user" : "ai-msg-row-coach";
     const bubbleCls = isUser ? "ai-bubble-user" : "ai-bubble-assistant";
+    const isThinking = extraClass && String(extraClass).includes("ai-bubble-thinking");
+    const bubbleInner = isUser || isThinking ? esc(content || "") : renderHubMarkdown(content || "");
+    const mdCls = !isUser && !isThinking ? " ai-result-md" : "";
     return (
       `<div class="ai-msg-row ${rowCls}">` +
       `<span class="ai-msg-role">${label}</span>` +
-      `<div class="ai-bubble ${bubbleCls}${extraClass ? " " + extraClass : ""}">${esc(content || "")}</div>` +
+      `<div class="ai-bubble ${bubbleCls}${mdCls}${extraClass ? " " + extraClass : ""}">${bubbleInner}</div>` +
       `</div>`
     );
   }
@@ -3057,7 +3075,7 @@
       const j = await r.json();
       const latest = j.latest;
       if (latest && latest.content_md) {
-        if (body) body.innerHTML = renderAiMarkdown(latest.content_md);
+        if (body) setAiSummaryMarkdown(body, latest.content_md);
         renderAiSummaryStats(latest.stats_snapshot);
         const sm = document.getElementById("ai-summary-meta");
         if (sm && latest.generated_at) {
@@ -3065,7 +3083,7 @@
         }
       }
     } catch (e) {
-      if (body) body.innerHTML = `<p class="ai-placeholder">${esc(String(e))}</p>`;
+      if (body) setAiSummaryPlaceholder(body, `<p class="ai-placeholder">${esc(String(e))}</p>`);
     }
   }
 
@@ -3087,7 +3105,7 @@
     const btn = document.getElementById("btn-ai-summary");
     const body = document.getElementById("ai-summary-body");
     if (btn) btn.disabled = true;
-    if (body) body.innerHTML = '<p class="ai-placeholder">正在聚合四户数据并生成总结…</p>';
+    if (body) setAiSummaryPlaceholder(body, '<p class="ai-placeholder">正在聚合四户数据并生成总结…</p>');
     try {
       const r = await apiFetch("/api/ai/summary/generate", {
         method: "POST",
@@ -3099,14 +3117,14 @@
       if (!j.ok && j.detail) throw new Error(j.detail);
       const sum = j.summary;
       if (sum && sum.content_md && body) {
-        body.innerHTML = renderAiMarkdown(sum.content_md);
+        setAiSummaryMarkdown(body, sum.content_md);
         renderAiSummaryStats(sum.stats_snapshot);
       }
       showToast(j.cached ? "已是最新上下文，返回缓存总结" : "今日总结已生成");
       await loadAiSummary();
     } catch (e) {
       showToast(String(e), true);
-      if (body) body.innerHTML = `<p class="ai-placeholder">${esc(String(e))}</p>`;
+      if (body) setAiSummaryPlaceholder(body, `<p class="ai-placeholder">${esc(String(e))}</p>`);
     } finally {
       aiSummaryLoading = false;
       if (btn) btn.disabled = false;
diff --git a/manual_trading_hub/static/index.html b/manual_trading_hub/static/index.html
index d93a4da..7181c91 100644
--- a/manual_trading_hub/static/index.html
+++ b/manual_trading_hub/static/index.html
@@ -287,6 +287,7 @@
   <div id="toast"></div>
   <script src="https://unpkg.com/lightweight-charts@4.2.0/dist/lightweight-charts.standalone.production.js"></script>
   <script src="/assets/chart.js?v=20260604-upnl-contracts"></script>
-  <script src="/assets/app.js?v=20260606-hub-ai3"></script>
+  <script src="/assets/ai_review_render.js?v=2"></script>
+  <script src="/assets/app.js?v=20260606-hub-ai-md"></script>
 </body>
 </html>