Sou Hu Cai Jing·2025-08-04 13:31Market Overview - On August 4, A-shares experienced a rebound after an initial decline, with all three major indices closing higher, driven by strong performance in the banking sector and a recovery in thematic concepts [1] - The total trading volume in the two markets reached 1.5 trillion yuan, with over 3,800 stocks rising [1] Sector Performance - The defense and aerospace sectors showed significant gains, with the General Aviation ETF (159231) rising by 3.29%, reaching a new closing high since its listing [1][4] - The low-altitude economy in China has surpassed 506 billion yuan in 2023, with a year-on-year growth rate of 34%, and is projected to reach 3.5 trillion yuan by 2035, presenting a substantial investment opportunity [2][6] Fund Flows - The defense industry ETF (512810) saw a net inflow of 9.739 billion yuan, ranking second among all sectors, indicating strong investor interest [2] - The General Aviation ETF has accumulated a total increase of 21.63% since its launch, reflecting robust market sentiment [4] Investment Opportunities - Analysts suggest that the military industry sector is showing signs of recovery, with catalysts expected to drive performance in the first half of 2025 [3] - The low-altitude economy is anticipated to continue its growth trajectory, supported by government policies and technological advancements [6] Banking Sector Insights - The banking sector saw a strong performance, with the Agricultural Bank of China reaching a new high, and several banks, including Qingdao Bank and Postal Savings Bank, showing significant gains [16][18] - The central bank's commitment to maintaining a moderately loose monetary policy is expected to benefit the banking sector [18] - Recent data indicates that several listed banks have reported positive growth in net profit for the first half of the year, with asset quality remaining stable [19][20] ETF Highlights - The banking ETF (512800) has become the largest and most liquid among the 10 banking ETFs in the market, with a fund size exceeding 14.4 billion yuan [22] - The General Aviation ETF and its linked funds provide an effective tool for investors to capture opportunities in the burgeoning low-altitude economy [9]