Market Overview - The market experienced a significant rise on April 26, with the brokerage sector leading the gains, and the trading volume exceeding 1 trillion yuan, indicating a strong market sentiment [1][2][3] - The Shanghai Composite Index closed at a new high for the year, with a 1.17% increase, while the Shenzhen Component and ChiNext Index rose by 2.15% and 3.34% respectively [2][3] - Northbound capital saw a net inflow of 224.49 billion yuan, with both Shanghai and Shenzhen stock connect contributing significantly [3] Sector Performance - The brokerage sector showed strong recovery after a prolonged adjustment, with the upcoming earnings reports expected to clarify the performance of key sectors [1][2] - Quantum technology and AI-related stocks also saw notable gains, while banking stocks faced adjustments [2][3] Policy and Industry Dynamics - The Chinese government is expected to release a national biotechnology and biomanufacturing action plan, highlighting the importance of biomanufacturing as a new growth sector [4][5] - The Ministry of Finance and financial regulatory bodies are working to optimize the layout of state-owned financial capital, aiming to enhance efficiency and support the real economy [11][12] Commodity and Consumer Trends - In the first quarter of 2024, gold consumption in China reached 308.905 tons, a year-on-year increase of 5.94%, with gold bars and coins seeing a significant rise in demand [15] - The smartphone market in China showed signs of recovery, with Huawei regaining its position as the market leader in Q1 2024, driven by strong sales of its Mate and Nova series [15] Fund Management Insights - Flexible allocation funds have shown extreme shifts in asset allocation, reflecting the volatility in the A-share market, which may introduce uncertainty for investors [16] - QDII funds have experienced mixed results, with nearly 40% showing declines, particularly those heavily invested in Hong Kong and Chinese concept stocks [17] Agricultural Sector Outlook - The pig breeding industry is expected to see a turnaround this year, as the number of breeding sows has been declining, indicating a potential reduction in supply in the coming months [18]

湾区创新100ETF将于2023年12月26日开市起停牌) 159986 弘毅远方国证消费100ETF 2024-04-29(因进入基金财产清算程序,弘毅国证消费100ETF于2022年10月20日开 市起停牌) 159999 永赢中证500ETF 2024-04-29(因以通讯方式召开基金份额持有人大会,永赢中证500ETF将在计票日即2023年 3月13日开市起停牌) 160136 改革基金A 2024-04-29(因基金资产净值连续30个工作日低于1亿元,已触发基金合同中约定的合同终止情形 ,南方改革A于2021年4月19日开市起停牌) 160138 国企精明A 2024-04-29(因召开基金份额持有人大会,自2019年4月12日起停牌) 160522 博时睿益事件驱动混合(LOF) 2024-04-29(因以通讯方式召开基金份额持有人大会,博时睿益将在计票日即 2021年9月13日当日开市起停牌) 160720 嘉实中证中期企业债指数(LOF)A 2024-04-29(因基金份额持有人大会计票日为2020年8月10日,嘉实中期企 债A于2020年8月10日开市起停牌) 160915 大成景丰债券(L ...

| --- | --- | --- | |-------|-----------------------|------------------------------------------------------------------------------------------------------------------------------------------| | | | 2024 年 04 月 26 日 星期五 | | | 【摘要】 | | | | 【今日要闻】 | | | | | 美股异动 \| Marex Group(MRX.US)登陆纳斯达克 开盘股价波动不大(智通财经) | | | | 加拿大蒙特利尔银行:维持ServiceNow(NOW.US)评级,由优于大市调整至优于大市评级, 目标价由850.00美元调整至 | | | 830.00美元(智通财经) | | | | | 加拿大蒙特利尔银行:维持IBM(IBM.US)评级,由大市一致调整至大市一致评级, 目标价由210.00美元调整至190.00美 | | | 元(智通财经) | | | | | 加拿大蒙特利尔银行:维持Ch ...

晨会纪要 2024-04-25 002715 登云股份 2024-04-25(因筹划发行股份及支付现金购买资产事项,公司股票将于2024年4月15日开市起停牌) 012381103 23中林集团SCP003 2024-04-25(23中林集团SCP003自2023年11月21日起停牌) 012381559 23中林集团SCP004 2024-04-25(23中林集团SCP004自2023年11月21日起停牌) 012382176 23中林集团SCP005 2024-04-25(23中林集团SCP005自2023年11月21日起停牌) 012382883 23中林集团SCP006 2024-04-25(23中林集团SCP006自2023年11月21日起停牌) 012383158 23中林集团SCP007 2024-04-25(23中林集团SCP007自2023年11月21日起停牌) 012383481 23中林集团SCP008 2024-04-25(23中林集团SCP008自2023年11月21日起停牌) 101900848 19中林集团MTN002 2024-04-25(19中林集团MTN002自2023年1 ...

Market Overview - The market showed a significant divergence on April 16, with coal and home appliance sectors performing relatively well, while technology sectors like artificial intelligence and consumer electronics saw substantial declines [3][4] - The Shanghai Composite Index fell by 1.65%, the Shenzhen Component Index dropped by 2.29%, and the ChiNext Index decreased by 1.97% [4] - Over 5,000 stocks in the market declined, with more than 700 hitting the daily limit down, indicating a bearish market sentiment [15] Economic Data - The National Bureau of Statistics reported that China's GDP for Q1 reached 29.63 trillion yuan, growing by 5.3% year-on-year and 1.6% quarter-on-quarter [6][18] - The industrial value added for Q1 showed a growth of 6.1% year-on-year, with significant contributions from high-tech manufacturing sectors such as charging piles and 3D printing equipment, which saw production increases of approximately 40% [9][19] Industry Dynamics - Canalys reported a 11% year-on-year increase in global smartphone shipments in Q1 2024, with Samsung leading the market at 20% share, followed by Apple at 16% and Xiaomi at 14% [10][20] - The civil aviation sector experienced record passenger and cargo transport volumes in Q1 2024, with domestic routes completing 1.6 billion passenger trips, a 14.3% increase compared to 2019 [21] Fund Strategies - Major public funds are focusing on high dividend strategies and expect the A-share market to maintain a volatile trend in the short term, with better opportunities anticipated in the medium term [23] - The new "National Nine Articles" policy aims to cultivate a long-term investment ecosystem, enhancing the role of public funds in the equity market [12][23] Long-term Outlook - The report suggests that in the next 5-10 years, China's export industry structure may shift from downstream to midstream and upstream cyclical industries, potentially leading to a change in investment paradigms in the domestic equity market [24]

晨会纪要 2024-04-24 | --- | --- | |------------------------------------|-------------------------------------------------------------------------------------------------------| | | 2024 年 04 月 24 日 星期三 | | 【摘要】 | | | 【今日要闻】 | 据称日本央行不急于进一步加息(第一财经) | | | 加拿大投资银行集团:维持Vizsla Silver(VZLA.US)评级,由Speculative Buy调整至Speculative Buy评级, 目标价 | | 由4.00美元调整至4.75美元(智通财经) | | | | 美国财政部拍卖690亿美元两年期国债,得标利率4.898%,投标倍数2.66(第一财经) | | | 美联储在固定利率逆回购操作中总计接纳了71个对手方的4358.80亿美元(第一财经) | | | 有市场消息称,美国一些大型银行面临美国商品期货交易委员会(CFTC)对掉期和清算业务中的非披露协议 ...

Market Overview - The market experienced fluctuations on April 19, with the ChiNext index leading the decline while the Shanghai Composite Index remained relatively strong. The low-altitude economy and shipping sectors showed notable activity, while the semiconductor sector faced adjustments. Overall, more than 3,500 stocks declined across the market [4][5]. Sector Performance - The low-altitude economy and shipping sectors saw significant gains, while sectors such as BC batteries, semiconductors, consumer electronics, and CPO faced declines. The Shanghai Composite Index fell by 0.29%, the Shenzhen Component Index by 1.04%, and the ChiNext Index by 1.76% [5]. Agricultural Sector Insights - The Ministry of Agriculture and Rural Affairs indicated that agricultural product prices are expected to stabilize and gradually recover, supported by measures such as capacity adjustments and increased reserve purchases. Recent price stabilization has been observed in commodities like corn and pork, with expectations for improved demand as macroeconomic policies take effect [6]. Economic Indicators - In the first quarter, Hebei Province's industrial added value grew by 8.1% year-on-year, with all three major industrial sectors showing growth. The service sector is also recovering, and fixed asset investment remains stable, driven by significant projects [7][28]. E-commerce Growth - The Ministry of Commerce reported that cross-border e-commerce imports and exports reached 577.6 billion yuan in the first quarter, marking a 9.6% increase. The development of "Silk Road e-commerce" partnerships has contributed to this growth [9]. Fund Market Dynamics - As of the end of March 2024, the total scale of public funds in China remained stable at approximately 29 trillion yuan. Despite a slight decrease from February, the total scale increased by 1.6 trillion yuan compared to the end of last year, reflecting a growth rate of 5.79% [11][33]. Consumer Spending - In the first quarter, the retail sales of consumer goods grew by 4.7%, with significant increases in categories such as sports and entertainment products (14.2%) and communication equipment (13.2%). Consumer demand for high-quality and experiential consumption continues to rise [19][30]. Banking Sector Outlook - The banking sector's performance is closely linked to the macroeconomic recovery. With GDP growth exceeding market expectations, the banking sector is likely to benefit from improved performance and valuation recovery [25][34].

板块方面，前期强势的周期板块出现回调，科技成长方向虽然下挫但 仍有企稳迹象。4 月进入下旬将迎来一季度业绩集中释放窗口，业绩落 地后科技板块有望获得一定修复。但仍需注意规避业绩不佳或是基本 面有瑕疵的标的。 【市场回顾】 北向资金：4 月 22 日，全天净买入 13.89 亿，其中沪股通净买入 9.08 亿元，深股通净买入 4.81 亿元。 的变化，LPR 仍有可能进行相应调整，以更好地服务实体经济和推动经 济高质量发展。 | --- | |----------------------------------------------------------------| | | | | | 财政部国库司司长李先忠 22 日在国新办新闻发布会上表示，为了进一 | | 步满足投资者购债需求，下一步，我们将采取以下四项措施：一是密 | | 切关注储蓄国债的供需关系变化和销售情况，研究适当增加发行规模。 | | 一债难求"核心就是需求旺盛，供给相对不足，所以我们下一步要研 | | 究适当增加发行规模。二是研究进一步调降单人购买限额，使储蓄国 | | | 1.水利部：一季度全国实施水利项目 2.35 万个 比去年同期增 ...

晨会纪要 2024-04-23 ————————————————————————————————————————————— 敬请阅读末页的条款 第1页 116029 H凯迪2-4 2024-04-23(凯迪2优4于2019年6月10日开始停牌) 116030 H凯迪2-5 2024-04-23(凯迪2优5于2019年6月10日开始停牌) 117016 16华泰01 2024-04-23(16华泰01将从2019年2月22日上午开市起停牌) 117022 16配投01 2024-04-23(16配投01将自2018年6月12日开市起停牌) 117027 16配投02 2024-04-23(16配投02将自2018年6月12日开市起停牌) 117034 16配投03 2024-04-23(16配投03将自2018年6月12日开市起停牌) 117039 16飞投01 2024-04-23(16飞投01(117039)自2018年8月20日开市起停牌并暂停换股) 117043 16飞投02 2024-04-23(16飞投02(117043)自2018年8月20日开市起停牌并暂停换股) 117044 16飞投03 20 ...

晨会纪要 2024-04-22 | --- | --- | --- | |----------------------------|------------------------------------------------------------------------------------------------------|----------------------------| | | | 2024 年 04 月 22 日 星期一 | | 【摘要】 | | | | 【今日要闻】 | | | | | 昨夜今晨重大事件汇总(第一财经) | | | | 看好中国经济 外资机构积极布局人民币资产(经济参考报) | | | | A股限售股解禁一览:540.03亿元市值限售股今日解禁(第一财经) | | | | 华泰证券:A股策略多因素角力下聚焦红利和高胜率景气(第一财经) | | | | 华泰证券:宏微观双重挑战 引发市场对AI芯片需求不及预期的担忧(第一财经) | | | | 中信建投:关注业绩/股息品种,看好一季报后传媒反弹(第一财经) | | | | 中信建投:PCS是国内大储高增态势下最受益的环 ...