军工股再成热点！会重演2019年阅兵前的行情吗？——道达投资手记

Group 1: Hong Kong Digital Asset Policy - The Hong Kong government released the "Hong Kong Digital Asset Development Policy Declaration 2.0" on June 26, reaffirming its commitment to making Hong Kong a global innovation center in the digital asset field [1] - This update follows the first declaration in October 2022 and clarifies the roadmap for establishing an international virtual asset center in Hong Kong [1] - The new policy marks a shift from "framework construction" to "full implementation," with breakthroughs in retail market access, stablecoin regulation, and tokenized government bonds expected to drive significant capital inflow [1] Group 2: Market Reactions and Developments - Huachuang Securities remains optimistic about the further development and improvement of Hong Kong's cryptocurrency and virtual asset trading ecosystem, noting that the regulatory framework is becoming more complete [1] - Guotai Junan International received approval from the Hong Kong Securities and Futures Commission to upgrade its existing securities trading license to provide virtual asset trading services, leading to a nearly 200% surge in its stock price [1] - As of June 24, a total of 40 institutions have upgraded their licenses to provide virtual asset trading services, indicating a growing participation in the market [1] Group 3: Stablecoin Concerns - The Bank for International Settlements issued a warning about stablecoins, stating that they may pose risks to financial stability and monetary sovereignty if not properly regulated [2] - The Hong Kong Monetary Authority's president also emphasized the need for a cautious perspective on stablecoins, suggesting a cooling sentiment in the market [2] Group 4: A-Share Market Overview - The A-share market experienced a collective pullback, with the Shanghai Composite Index down 0.22%, and the Shenzhen Component and ChiNext Index down 0.48% and 0.66%, respectively [3] - The total trading volume in the Shanghai and Shenzhen markets reached 1.5832 trillion, a slight decrease from the previous day [3] Group 5: Sector Performance - The military industry sector saw gains, driven by expectations surrounding the upcoming military parade in September, with historical data suggesting potential for significant price movements in this sector [6] - The innovative drug sector faced a decline, with a 1.34% drop in the sector index, following a period of short-term gains and subsequent corrections [7] - The adjustment of the basic medical insurance directory and commercial insurance for innovative drugs is expected to expand the domestic innovative drug market [8]