Zhong Guo Zheng Quan Bao·2025-06-22 20:23Market Performance - The market experienced a slight adjustment last week, with the Shanghai Composite Index down by 0.51%, the Shenzhen Component Index down by 1.16%, and the ChiNext Index down by 1.66% [2] - The China Securities Index reported a decline of 1.11%, closing at 1592.73 points [2] Strong Performers - Several component stocks of the brand index rose against the market trend, with Zhongji Xuchuang increasing by 11.46%, Shanxi Fenjiu by 7.21%, and Luzhou Laojiao by 4.60% [2] - Since the beginning of 2025, Xintai has surged by 53.67%, followed by Anji Technology at 29.34% and Marumi Bio at 26.84% [2] Index Adjustments - The brand index underwent quarterly adjustments, with Songcheng Performing Arts and Guangyuyuan being added, while China Software and Bear Electric were removed from the index [3] Market Outlook - Short-term market fluctuations are expected due to overseas risk preferences, with a likelihood of continued structural rotation [4] - Mid-term perspectives suggest that as domestic policies improve and the economy recovers, the overall upward trend of the A-share market is likely to increase [4] - The current equity risk premium (ERP) is at a historically high level, and the dividend yield of the CSI 300 Index is above 3%, indicating strong long-term investment potential in equity assets [4]