Zhong Guo Jin Rong Xin Xi Wang·2025-05-19 04:19Market Overview - A-shares experienced a slight decline on Monday morning, with the Shanghai Composite Index down 0.09% to 3364.44 points and the Shenzhen Component Index down 0.36% to 10142.78 points, while the ChiNext Index fell 0.53% to 2028.66 points [1] - The total trading volume for the Shanghai market was 284.8 billion yuan, and for the Shenzhen market, it was 422.7 billion yuan [1] Sector Performance - The sectors showing gains included ports, ST stocks, mergers and acquisitions, and controllable nuclear fusion, with significant increases in stock prices [1][2] - Conversely, sectors such as PEEK materials, humanoid robots, chemical pharmaceuticals, and synthetic biology saw declines [1] Institutional Insights - Citic Securities noted that new public fund regulations may lead to a trend towards conservative asset allocation and a focus on core asset pricing rather than marginal information flow pricing [3] - Chang'an Fund expressed optimism about the A-share market, citing that current valuations are at a bottom level and ongoing policy support will improve market expectations [3] - China Galaxy suggested that the A-share market will demonstrate resilience, recommending focus on dividend-paying sectors, technology narratives, and consumer sectors supported by policy initiatives [3] Economic Data - The National Bureau of Statistics reported that in April, the industrial added value increased by 6.1% year-on-year, the service production index rose by 6.0%, and retail sales of consumer goods grew by 5.1% [4] - From January to April, fixed asset investment (excluding rural households) increased by 4.0%, and total retail sales reached 1618.45 billion yuan, up 4.7% year-on-year [4] Company Announcements - Xiaomi announced the release of its self-developed SoC chip "Xuanjie O1" and the SUV model "YU7" on May 22, along with the flagship smartphone "Xiaomi 15S Pro" [5] Regulatory Developments - The Vice Chairman of the China Securities Regulatory Commission indicated that new policies to deepen reforms in the Sci-Tech Innovation Board and the ChiNext Board will be introduced soon to support enterprise innovation and growth [6]