Zhong Guo Zheng Quan Bao·2025-07-30 09:13Market Overview - The market showed a mixed performance with the Shanghai Composite Index rising by 0.17% to close at 3615.72 points, while the Shenzhen Component Index fell by 0.77% and the ChiNext Index dropped by 1.62%. The total market turnover exceeded 1.87 trillion yuan [1]. Sector Performance - Major sectors such as banking, insurance, and steel saw a collective rise in the morning but experienced a pullback in the afternoon, narrowing their gains. The three-child policy concept stocks surged in the afternoon, with Beiyinmei (002570) hitting the daily limit within three minutes of trading [3][6]. - The mother and baby concept stocks also showed significant movement, with Beiyinmei closing at 7.39 yuan per share, marking a 9.97% increase [6][9]. - Other sectors like film and television, combustible ice, and innovative drugs remained active, while popular themes such as batteries, digital currencies, and rare earths experienced a collective pullback [3]. Policy Impact on Mother and Baby Sector - The National Health Commission is working on a childcare subsidy system, with an initial budget of approximately 90 billion yuan for this year. This policy is expected to stimulate demand in the mother and baby market, benefiting companies in the milk powder and toy sectors [10]. - Analysts predict that the childcare subsidy plan may boost consumption in the short term and enhance industry expectations in the long term, depending on the progress of supporting policies [10]. Market Size Projections - The Chinese infant and child market is projected to reach 4.2 trillion yuan by 2024 and is expected to exceed 5 trillion yuan by 2025, with a potential to reach 10 trillion yuan by 2030, driven by policy support [11]. Notable Stock Movements - Four leading stocks with market capitalizations exceeding 100 billion yuan had trading volumes over 10 billion yuan, including Northern Rare Earth (143.12 billion yuan), CATL (1.26 trillion yuan), Xinyi Technology (189.15 billion yuan), and Baogang Group (132.24 billion yuan) [13]. - CATL's A-shares fell by 5.05% with a trading volume of 11.71 billion yuan, while its H-shares dropped by 7.66% [15]. Pharmaceutical Sector Activity - The pharmaceutical sector remained active, particularly in innovative drugs, with companies like Nanjing New Pharmaceutical and Chenxin Pharmaceutical hitting their daily limits [17][18]. - The innovative drug industry is entering a phase of "clinical value reassessment," with a shift in valuation logic from storytelling to profitability, indicating long-term investment potential [21]. New Stock Performance - The newly listed stock N Hanhigh saw a dramatic increase of 418.47% on its first trading day, closing at 80 yuan per share after triggering trading halts twice [23].