Group 1 - The concept of stablecoins is gaining traction, with a notable increase in software ETFs, specifically a 1.57% rise in ETF (515230) [1] - Hong Kong's stablecoin legislation is set to take effect on August 1, 2025, following the publication of the "Stablecoin Ordinance" in the government gazette on May 30 [1] - The Hong Kong Monetary Authority has released documents regarding the regulatory framework for stablecoin issuers, indicating that the first legal Hong Kong dollar stablecoins may be launched soon [1] Group 2 - The Chinese government is increasingly focused on stablecoins, as evidenced by a recent meeting held by the Shanghai State-owned Assets Supervision and Administration Commission to discuss the development trends and strategies for cryptocurrencies and stablecoins [1] - Stablecoins offer a simplified account system that enhances the speed and reduces the cost of cross-border payments, potentially facilitating the internationalization of the Renminbi [2] - Investors are encouraged to pay attention to computer ETFs (512720) and software ETFs (515230) due to the growing interest in stablecoins and their implications for the financial market [2]

Group 1 - The Minister of Industry and Information Technology, Li Lecheng, met with a delegation from the US-China Business Council, encouraging more US companies to invest in China and participate in the new industrialization process [1] - The meeting included representatives from major US companies such as Thermo Fisher Scientific, Otis, and Apple, focusing on cooperation in areas like machinery and smart manufacturing [1] Group 2 - The Hong Kong Monetary Authority (HKMA) released guidelines for stablecoin license applications, with the first licenses expected to be issued by August 1, 2025 [3] - The HKMA indicated that only a few stablecoin licenses would be granted initially, despite interest from dozens of institutions [3] Group 3 - The China Photovoltaic Industry Association clarified rumors regarding the multi-crystalline silicon sector, urging the public not to believe or spread misinformation [4] - The association's clarification relates to market rumors about large companies acquiring smaller ones in the multi-crystalline silicon industry [4] Group 4 - From January to June 2025, state-owned enterprises in China reported total operating revenue of 4,074.96 billion yuan, a year-on-year decrease of 0.2% [7] - The total profit for state-owned enterprises during the same period was 218.25 billion yuan, down 3.1% year-on-year [8] - The tax payable by state-owned enterprises was 300.26 billion yuan, reflecting a 0.8% decline compared to the previous year [9] - As of the end of June, the asset-liability ratio for state-owned enterprises was 65.2%, an increase of 0.3 percentage points year-on-year [10] Group 5 - The CXO sector saw a significant rally, with companies like WuXi AppTec raising their full-year sales forecast, projecting a revenue increase from 415-430 billion yuan to 425-435 billion yuan [12] - The demand for innovative biopharmaceuticals is expected to drive recovery across the entire industry chain [12] Group 6 - The stock of Hengsheng Electronics surged, attributed to rumors of a strategic partnership with Ant Group regarding virtual assets and stablecoin operations [11] - The company acknowledged the market speculation but could not confirm the partnership at this time [11] Group 7 - The PCB industry is experiencing a significant demand increase for high-end products, driven by the upgrade of AI hardware [19] - The market for high-layer boards and high-density interconnect (HDI) products is particularly strong, with price increases noted [19]

涨停战场：恒生电子以3.38亿元封单资金居首 据证券时报·数据宝统计，7月29日，从收盘涨停板封单量来看，八一钢铁居于首位，封单量高达40.15万手；西宁特钢、人民同泰、中化装备、中 化国际排名居前，封单量均在20万手以上。 （原标题：揭秘涨停丨一则消息，彻底引爆！金融科技龙头涨停） 从连续涨停天数来看，西藏旅游斩获7连板，7月15日以来累计涨幅93.6%；*ST元成实现3连板；亚太药业、*ST华微、辰欣药业、华瓷股份、佛慈 制药、方邦股份6股均2连板。 13股封单资金均超亿元。 以封单金额计算，今日13股封单资金超亿元。其中，恒生电子、人民同泰、中化装备、睿智医药4股资金均在2亿元以上，分别为3.38亿元、2.72亿 元、2.15亿元、2.1亿元。 龙头点睛：创新药板块多股涨停 1.创新药 涨停个股：亚太药业、辰欣药业、九洲药业、福元医药、众生药业、罗欣药业等 九洲药业：2025年5月28日，九洲药业欧洲研发中心在德国康斯坦茨市举行启用仪式暨招待会。康斯坦茨研发中心为包括北美生物科技公司在内的 5家全球客户提供工艺研发服务，助力新一代突破性药物加速落地。 众生药业：公司已建立多模式良性循环的研发生态体系，构 ...

Core Viewpoint - The A-share market experienced a significant afternoon rally, with the ChiNext Index rising nearly 2% and the Shanghai Composite Index returning to 3600 points, driven by strong performances in the medical and semiconductor sectors, alongside optimistic expectations for the upcoming July Politburo meeting [2][6][12]. Market Performance - The total trading volume of the two markets reached 1.8 trillion yuan, with sectors such as medical, steel, and semiconductors leading the gains, while banking, insurance, and precious metals sectors saw corrections [5][12]. - The sudden surge in stocks, particularly in Hengsheng Electronics, was attributed to market optimism regarding capital market reforms and the potential for a comprehensive bull market [7][12]. Historical Bull Market Characteristics - Historical analysis shows that previous bull markets in A-shares occurred in 2005-2007, 2014-2015, and 2019-2021, often starting from a state of extreme investor pessimism [19][21]. - Key catalysts for bull market initiation included favorable policy changes and macroeconomic conditions, with the current market reflecting a similar setup to the late 2014 breakthrough phase [22][23]. Sector Performance in Bull Markets - Different sectors have led in past bull markets, with notable performances including: - 2005-2007: Non-ferrous metals (1267.01%), non-bank financials (1206.49%) - 2014-2015: Computers (283.28%), construction decoration (264.48%) - 2019-2021: Food and beverage (265.77%), social services (235.97%) [24]. Investment Insights - Maintaining rationality during bull markets is crucial, as the best entry points often occur during periods of low sentiment [26]. - A balanced portfolio strategy is recommended, utilizing a "barbell strategy" that combines high-dividend stocks with high-growth technology sectors [27]. - Timely profit-taking is emphasized over market timing, as historical trends indicate that greed can lead to significant losses [28]. Fund Recommendations - Suggested funds related to military, new production capabilities, and high-end manufacturing include: - Longxin National Defense Military Quantitative Mixed C - Bosera Military Theme Stock C - Yongying Technology Selected Mixed Initiation C [30].

Market Overview - The indices continued to rise collectively, with a significant drop in the morning followed by a recovery in sentiment in the afternoon [3] - The Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index closed up by 0.33%, 0.64%, and 1.86% respectively, with over 3,000 stocks declining and more than 2,200 stocks rising [4] Optimizing Fertility - The "Implementation Plan for Childcare Subsidy System" was officially launched, providing annual subsidies of 3,600 yuan per child for children under three years old starting January 1, 2025 [8] - The fertility optimization sector saw a collective high opening but ended with a "high open low close" trend, with the sector rising by only 0.18% after an initial surge [9][10] - Stocks like Beiyinmei and Aiyingshi opened strongly but fell significantly, while stocks in the dairy sector also experienced a similar pattern [10] Yajiang Hydropower Station - The Yajiang Hydropower Station saw a rebound in the afternoon, with stocks like Xining Special Steel and Tibet Tianlu hitting the daily limit [15] - The Yajiang Hydropower concept stocks rose over 2% by the end of the day, indicating a recovery in investor interest [14] Stablecoin Sector - The stablecoin concept stocks experienced a partial rebound, with companies like Hengbao Co. and Sifang Jichuang showing strong performance [19] - The sector had been quiet for about two weeks but is now looking for a significant catalyst to revive interest [21] Guotou Intelligent - Guotou Intelligent saw a significant rise, closing up over 18.5%, attributed to news regarding a special action by the Internet Information Office [25] - The company is reportedly working on AI fraud prevention services, with a potential market space exceeding 120 billion yuan if it covers 1 billion smartphone users [28]

（原标题：主力动向：7月29日特大单净流出195.93亿元） 两市全天特大单净流出195.93亿元，其中25股特大单净流入超2亿元，新易盛特大单净流入9.22亿元，特大单净流入资金居首。 沪指今日收盘上涨0.33%。资金面上看，沪深两市全天特大单净流出195.93亿元，共计1658股特大单净流入，3155股特大单净流出。 | 代码 | 简称 | 收盘价 | 涨跌幅 | 特大单净流入 | 行业 | | --- | --- | --- | --- | --- | --- | | | | （元） | （%） | （亿元） | | | 300502 新易盛 | | 193.39 8.77 | | 9.22 | 通信 | | 600570 恒生电子 | | 37.82 10.01 | | 9.10 | 计算机 | | 601727 上海电气 | | 8.29 | 5.61 | 7.94 | 电力设备 | | 002428 云南锗业 | | 24.99 | 9.99 | 5.65 | 有色金属 | | 601162 天风证券 | | 5.18 | 4.02 | 5.62 | 非银金融 | | 300750 宁德时代 | ...

沪指7月29日上涨0.33%，申万所属行业中，今日上涨的有16个，涨幅居前的行业为通信、钢铁，涨幅 分别为3.29%、2.59%。计算机行业今日上涨0.56%。跌幅居前的行业为农林牧渔、银行，跌幅分别为 1.36%、1.19%。 资金面上看，两市主力资金全天净流出356.37亿元，今日有4个行业主力资金净流入，医药生物行业主 力资金净流入规模居首，该行业今日上涨2.06%，全天净流入资金29.96亿元，其次是钢铁行业，日涨幅 为2.59%，净流入资金为4.19亿元。 300496 中科创达 0.84 3.36 3637.20 计算机行业资金流出榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 002261 | 拓维信息 | -1.53 | 8.99 | -28935.35 | | 002195 | 岩山科技 | -1.20 | 5.29 | -24011.23 | | 300085 | 银之杰 | -0.37 | 5.90 | -23656.13 | | 300803 | 指南针 | 0.16 ...

| 688120 | 华海清 | 5 | 1.08 | 4.02 | 5.15 | | --- | --- | --- | --- | --- | --- | | | 科 | | | | | | 300203 | 聚光科 | 6 | 0.99 | 4.90 | 6.41 | | | 技 | | | | | | 688503 | 聚和材 | 5 | 0.98 | 5.57 | 9.57 | | | 料 | | | | | | 600730 | 中国高 | 5 | 0.95 | 7.96 | 16.52 | | | 科 | | | | | | 300870 | 欧陆通 | 5 | 0.90 | 3.85 | 3.84 | | 600038 | 中直股 | 5 | 0.85 | 4.87 | 1.76 | | | 份 | | | | | | 002637 | 赞宇科 | 5 | 0.84 | 5.61 | 7.78 | | | 技 | | | | | | | 申菱环 | | | | | | 301018 | 境 | 5 | 0.80 | 4.91 | 9.67 | | 000708 | 中信特 | 5 | 0.75 ...

Core Insights - The software development sector experienced a significant increase of 2.98% on July 29, with Guotou Intelligent leading the gains [1] - The Shanghai Composite Index closed at 3609.71, up 0.33%, while the Shenzhen Component Index closed at 11289.41, up 0.64% [1] Stock Performance - Guotou Intelligent (300188) closed at 19.65, with a rise of 18.52% and a trading volume of 1.41 million shares, amounting to a transaction value of 2.647 billion yuan [1] - Hengsheng Electronics (600570) saw a closing price of 37.82, up 10.01%, with a trading volume of 1.64 million shares and a transaction value of 5.978 billion yuan [1] - Other notable performers included Guangliwei (301095) with a 7.78% increase, closing at 61.91, and Information Development (300469) with a 7.62% rise, closing at 46.91 [1] Declining Stocks - Zhizhen Technology (003007) experienced a decline of 9.82%, closing at 39.05, with a trading volume of 184,000 shares [2] - Weide Information (688171) fell by 4.89%, closing at 36.92, with a trading volume of 22,000 shares [2] - Other stocks that declined included ST Huike (300561) down 3.52% and Duolun Technology (603528) down 2.98% [2] Capital Flow - The software development sector saw a net outflow of 1.375 billion yuan from major funds, while retail investors contributed a net inflow of 1.712 billion yuan [2]

对此，恒生电子投资者关系部的工作人员向以投资者身份采访的21财经·南财快讯记者表示，公司有注 意到市场相关传闻，公司今日涨停或与该传闻有关，但目前投资者关系部暂无法确认公司是否与蚂蚁数 科达成合作。 该工作人员进一步补充道，公司旗下香港子公司长期为港资及中资券商提供IT服务，市场份额可观，公 司也确在积极布局稳定币等虚拟资产及出海业务，并与蚂蚁数科等企业有过前期沟通交流。但其强 调，"相关合作的确认仍需以官方公告信息为准"。 公开资料显示，恒生电子是金融科技解决方案提供商，蚂蚁数科则是蚂蚁集团旗下科技商业化平台。值 得注意的是，蚂蚁数科已公开启动申请香港稳定币牌照，并将香港列为全球总部。而蚂蚁集团间接持有 恒生电子约20.72%的股份，是其重要股东。 值得关注的是，此前6月下旬，海南华铁也曾因传出与蚂蚁数科关于稳定币的合作而股价涨停，但随后 蚂蚁数科发布辟谣声明，强调与海南华铁仅就RWA(实物资产代币化)进行过初步探索性交流，未达成任 何实质合作，并提醒市场警惕借"RWA"、"稳定币"概念炒作的行为，对冒用其名义的行为保留追责权 利。 牛市"急先锋"突发涨停！恒生电子回应与蚂蚁数科合作传闻 此外，受稳定币等概 ...