Group 1: Market Performance - The cyclical sectors are leading the market, but there is differentiation within the sectors [1][7] - Real estate, electricity, environmental protection, and diversified finance sectors have shown significant gains, while precious metals and electronic components have declined [1][7] - Popular concepts such as China Shipbuilding, hydropower, and thermal power are performing well, whereas non-ferrous metals and coal are underperforming [1][7] Group 2: Policy and Market Impact - The Central Financial Committee emphasized the need to address "disorderly competition" among enterprises, raising market attention towards potential supply-side reform signals [2][4] - The current "anti-involution" policy is expected to differ from previous supply-side reforms, with a broader industry coverage and a more gradual approach [6][8] - Analysts are observing the potential impact of the "anti-involution" policy on market dynamics, particularly in cyclical sectors that have previously lagged [8][7] Group 3: Analyst Perspectives - Analysts from Huatai Securities suggest that the current "anti-involution" market trend is a short-term thematic opportunity, with limited space and duration [8] - The market is currently in a phase of expectation regarding the "anti-involution" policy, with potential future phases depending on policy implementation and capacity reduction [8][7] - The differences between the current "anti-involution" and past supply-side structural reforms indicate that the effectiveness of the current policies may take time to manifest [8][6]
“反内卷”继续:A股周期股冰火两重天,券商热议行情命脉
Bei Ke Cai Jing·2025-07-07 11:28