博时市场点评7月23日：两市尾盘转弱，成交仍近1.9万亿

Market Overview - The Shanghai Composite Index briefly surpassed 3600 points before weakening at the close, with total trading volume close to 1.9 trillion yuan, indicating a recovery in market risk appetite [1] - The market's upward breakthrough is supported by stable economic fundamentals and policies aimed at addressing core issues in economic transformation [1] Policy Developments - The National Development and Reform Commission announced that the Hainan Free Trade Port will officially start operations on December 18, 2025, enhancing the flow of people, goods, capital, and data [2] - The implementation of a "one line open, one line controlled, and free within the island" policy is expected to attract more international enterprises and elevate Hainan's position in the global supply chain [2] Foreign Investment Trends - Foreign investment in RMB-denominated assets remains stable, with foreign holdings of domestic RMB bonds exceeding 600 billion USD, marking a historically high level [2] - In the first half of the year, foreign net purchases of domestic stocks and funds reached 10.1 billion USD, reversing the trend of net selling observed over the past two years [2][3] Market Performance - On July 23, A-shares showed mixed performance, with the Shanghai Composite Index closing at 3582.30 points, up 0.01%, while the Shenzhen Component Index and the ChiNext Index saw slight declines [4] - The non-bank financial, beauty care, and home appliance sectors led the gains, while construction materials, defense, and machinery sectors experienced the largest declines [4] Trading Activity - The market's trading volume was reported at 189.87 billion yuan, a decrease from the previous trading day, while the margin financing balance increased to 1.93 trillion yuan [5]