A股，重磅不断！

Group 1: Long-term Capital Inflow - The Ministry of Finance issued a notification on July 11 to guide insurance funds for long-term stable investments, introducing a new 5-year assessment cycle for state-owned commercial insurance companies [1][8] - The weight of annual indicators in the assessment has decreased from 50% to 30%, while the combined weight of 3-year and 5-year indicators has increased to 70% [1][8] - The assessment will also include long-term evaluations of "net asset return rate" and "state-owned capital preservation and appreciation rate" [1][8] Group 2: Sci-Tech Innovation Board Reforms - On July 13, the Shanghai Stock Exchange implemented new rules to deepen reforms on the Sci-Tech Innovation Board, allowing 32 unprofitable companies to enter the Sci-Tech Growth Layer [2][7] - A pre-review mechanism for IPOs has been introduced, allowing tech companies to apply for pre-review if early disclosure could harm their operations [2][7] - The new rules also establish a system for professional institutional investors, requiring them to have a significant investment history in listed tech companies [2][7] Group 3: Market Developments - The China Securities Association issued 28 measures to enhance self-regulation and promote high-quality development in the securities industry [17] - The Shenzhen Stock Exchange announced a revision to the Growth Enterprise Market Composite Index, introducing mechanisms for monthly removal of risk-warning stocks and ESG negative screening [9] - The upcoming week will see the release of important economic data, including industrial value-added and fixed asset investment [19][21] Group 4: Company-Specific Developments - The National Medical Insurance Administration has initiated adjustments to the 2025 drug directory, allowing eligible entities to apply for inclusion in the commercial health insurance innovative drug directory [13] - China National Nuclear Corporation achieved a significant breakthrough with the successful production of its first barrel of uranium at the "National Uranium No. 1" demonstration project [14] Group 5: Investment Strategies - CITIC Securities suggests that the current market transition from a stock market to an incremental market presents opportunities in low-priced manufacturing sectors [23] - Shenwan Hongyuan indicates that the market has developed a "bull market atmosphere," with the Shanghai Composite Index breaking through key levels [24] -招商证券 highlights sectors with high earnings growth potential, including TMT, midstream manufacturing, and consumer goods, while noting the need for policies to address structural industry issues [25]