Economic Data Summary - In the first half of 2025, China's GDP reached 66,053.6 billion yuan, with a year-on-year growth of 5.3% [2] - In June, the industrial added value above designated size grew by 6.8% year-on-year and 0.5% month-on-month [2] - Retail sales of consumer goods totaled 42,287 billion yuan in June, reflecting a year-on-year increase of 4.8% [2] - Fixed asset investment (excluding rural households) for the first half of the year was 248,654 billion yuan, up 2.8% year-on-year, with infrastructure investment growing by 4.6% and manufacturing investment by 7.5%, while real estate development investment fell by 11.2% [2] Financial Data Insights - In June, M1 increased by 4.6% year-on-year, while M2 rose by 8.3% [4] - New social financing reached 4.2 trillion yuan in June, an increase of 900.8 billion yuan year-on-year, with a growth rate of 8.9% [4] - Financial institutions issued 2.2 trillion yuan in new RMB loans in June, an increase of 110 billion yuan year-on-year, maintaining a loan growth rate of 7.1% [4] Real Estate Market Analysis - In June, new residential sales prices in first-tier cities decreased by 0.3% month-on-month and 1.4% year-on-year, while second-hand residential prices fell by 0.7% month-on-month and 3.0% year-on-year [3] - The real estate market is showing signs of stabilization, but sales area and prices are still declining year-on-year, indicating a gradual process of bottoming out [3] Market Performance Overview - On July 15, the A-share market showed mixed results, with the Shanghai Composite Index down 0.42% at 3,505.00 points, while the Shenzhen Component Index rose by 0.56% to 10,744.56 points [5] - The ChiNext Index increased by 1.73% to 2,235.05 points, and the Sci-Tech 100 Index rose by 0.62% to 1,077.46 points [5] - Among the sectors, telecommunications, computers, and electronics saw the highest gains, while coal, agriculture, and public utilities experienced the largest declines [5] Market Activity and Trends - The total market turnover reached 16,352.67 billion yuan, showing an increase from the previous trading day [6] - The margin trading balance was reported at 18,853.90 billion yuan, also reflecting an increase [6] - The MACD golden cross signal has formed, indicating positive momentum for certain stocks [6]
博时市场点评7月15日：两市成交活跃，创业板涨超1.7%