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Group 1 - The current market is characterized by a dual drive of policy and performance, with rare earth price increases and brokerage mid-term profit forecasts catalyzing hot sectors, leading to increased trading volume from new capital inflows [1][3] - On July 11, 2025, both A-share and Hong Kong markets experienced a strong rebound, driven by favorable policies and performance forecasts, resulting in major indices rising across the board [1] - A-shares showed a rotation upward in sectors such as "resources + finance + pharmaceuticals," with the rare earth permanent magnet sector leading with a 7.2% increase [2] Group 2 - In the A-share market, the securities sector followed closely with a 4.5% increase, as companies like Hongta Securities and Guosheng Financial forecasted net profit growth of up to 394% for the first half of the year [2] - The non-bank financial sector in the Hong Kong market surged by 4.6%, driven by increased trading activity and the expansion of leading institutions [3] - The semiconductor and non-ferrous metal sectors in Hong Kong both rose by 2.8%, supported by a 44.6% year-on-year increase in vehicle-mounted lens shipments, reinforcing the logic of domestic substitution in hard technology [3]