智通财经网·2025-07-07 03:50Market Overview - A-shares experienced a collective decline on July 7, with the Shanghai Composite Index down 0.21%, the Shenzhen Component down 0.7%, and the ChiNext Index down 1.25%. The total market turnover was 783 billion, a decrease of 95.7 billion from the previous day, with over 2,200 stocks declining [1] Key Sectors Electricity Sector - The electricity sector continued its upward trend, with stocks like Huayin Electric and Shaoneng Shares hitting the daily limit. Other stocks such as Shenzhen South Power A and Leshan Power also saw gains. The National Energy Administration reported record high electricity grid loads in six provinces, indicating improved supply-demand dynamics in the electricity market [2] Cross-Border Payment - Stocks in the cross-border payment sector surged, with Xinyada hitting the daily limit and other companies like Hailian Jin Hui and Huafeng Super Fiber also rising. The People's Bank of China released a draft for the rules governing the Renminbi Cross-Border Payment System, which is expected to enhance the demand for cross-border clearing services [3] Real Estate Sector - The real estate sector saw significant gains, with Shahe Shares and Yuhua Development hitting the daily limit. Other companies like Gemdale and New Town Holdings also experienced increases. The Ministry of Housing and Urban-Rural Development emphasized the importance of stable and healthy development in the real estate market, with a positive outlook on new home sales and a recovery in second-hand home transactions [4] Institutional Insights CITIC Securities - CITIC Securities noted that the current market environment resembles the end of 2014, with investors showing improved patience and confidence. The market is currently lacking a catalytic event to ignite further growth, which could come from unexpected policy changes or developments in the technology sector [5] Huatai Securities - Huatai Securities indicated that A-shares are entering a window of internal and external variables, with a technical breakthrough observed in the market. However, potential volatility may increase due to various factors, including tariff policies and funding supply-side influences [6][7] China Galaxy - China Galaxy expressed optimism for a sustained upward trend in A-shares, highlighting that the valuation remains relatively low compared to mature markets. The firm identified four main investment themes: high-margin assets, technology, consumer sectors boosted by policy, and mergers and acquisitions [8]