Zhong Guo Jin Rong Xin Xi Wang·2025-07-01 04:03Market Overview - A-shares showed mixed performance on July 1, with the Shanghai Composite Index slightly up by 0.21% to 3451.69 points, while the Shenzhen Component and ChiNext Index fell by 0.32% and 0.58% respectively [1] - The trading volume for the Shanghai Composite was 355.9 billion, while the Shenzhen Component and ChiNext Index had volumes of 604.7 billion and 300.3 billion respectively [1] Sector Performance - Chip stocks experienced a strong rally, with over ten stocks, including Kaimeteqi, hitting the daily limit [1] - The banking sector also performed well, with China Construction Bank and Shanghai Pudong Development Bank reaching new highs [1] - The controlled nuclear fusion concept stocks were active, with stocks like Sichuan Chuangxin Electronics and Xuguang Electronics hitting the daily limit [1] - Conversely, stablecoin concept stocks continued to decline, with Hopu Co., Ltd. dropping over 10%, and solid-state battery concept stocks also faced adjustments, with Yinglian Co., Ltd. hitting the daily limit [1][2] Institutional Insights - Guotai Junan Securities highlighted that under the guidance of the marine power strategy, policies to promote deep-sea economic development are expected, focusing on deep-sea mining, oil and gas development, and biological resource utilization [3] - CITIC Construction pointed out that the "AI + hardware" model is flourishing across various sectors, with AI elements expected to enhance hardware performance, particularly in AI glasses [3] - Furong Fund noted that while macroeconomic conditions regarding US-China trade and domestic policies remain unchanged, market performance has exceeded expectations, suggesting a focus on technology sectors like AI computing and robotics [3] Policy Developments - The National Healthcare Security Administration and the National Health Commission issued measures to support the high-quality development of innovative drugs, emphasizing the use of medical insurance data for drug research and development [4] Manufacturing Sector - The Caixin China Manufacturing PMI rose to 50.4 in June, indicating a return to expansion after a brief contraction, with new orders and production indices showing significant improvement [5]