Venture(US:VEMLY) Hua Er Jie Jian Wen·2025-07-01 02:01Market Overview - A-shares opened slightly lower on July 1, with the three major indices experiencing fluctuations and declines. The Shanghai Composite Index rose by 0.07% to 3446.89, while the Shenzhen Component Index fell by 0.30% to 10434.00, and the ChiNext Index decreased by 0.49% to 2142.40 [1][2]. Bond Market - The bond market saw an increase in government bond futures, with the 30-year main contract rising by 0.11%, the 10-year contract up by 0.03%, the 5-year contract increasing by 0.04%, and the 2-year contract gaining 0.01% [2][3]. Banking Sector - The banking sector experienced a collective rebound in early trading, with notable performances from several banks. For instance, Shanghai Pudong Development Bank reached a historical high, and Suzhou Bank rose over 4% [4][5]. Pharmaceutical Sector - The pharmaceutical sector, particularly the generic and innovative drug segments, saw significant gains. For example, Shanhe Pharmaceutical surged by 19.97%, and Lepu Medical increased by 9.43%. The innovative drug sector also performed well, with Shuyitai rising by 13.28% [5][6][7]. Policy Support for Innovative Drugs - The National Healthcare Security Administration and the National Health Commission issued measures to support the high-quality development of innovative drugs. This includes utilizing medical insurance data for drug research and enhancing collaboration among healthcare, insurance, and pharmaceutical sectors [6][7]. Military Industry - The military sector remained active, with notable stocks such as Feiya reaching a four-day limit up, and Jihua Group achieving a three-day limit up. Other companies like Boya Precision and Chengfei Integration also opened high [8][9]. Futures Market - In the futures market, domestic commodity futures showed mixed results, with most contracts declining. For instance, coking coal fell again, while some indices like the shipping index saw slight increases [11][12].