国办：免除公办幼儿园学前1年保教费；七部门就金融支持新型工业化发文丨盘前情报

Market Performance - The A-share market experienced a rise on August 5, with the Shanghai Composite Index surpassing 3600 points, reaching a new closing high for the year. The Shanghai Composite Index increased by 0.96%, the Shenzhen Component Index rose by 0.59%, and the ChiNext Index gained 0.39% [2][3] - The total trading volume in the Shanghai and Shenzhen markets was 1.6 trillion yuan, an increase of 97.5 billion yuan compared to the previous trading day [2] Overnight Market Trends - In the U.S. stock market on August 5, the three major indices fell, with the Dow Jones Industrial Average down by 61.90 points (0.14%) to close at 44,111.74 points, the S&P 500 down by 30.75 points (0.49%) to 6,299.19 points, and the Nasdaq Composite down by 137.03 points (0.65%) to 20,916.55 points [4][5] - European stock indices showed mixed results, with the UK FTSE 100 rising by 14.43 points (0.16%), while the French CAC40 index fell by 10.97 points (0.14%) and the German DAX index increased by 88.38 points (0.37%) [4][5] Commodity Prices - International oil prices declined on August 5, with the WTI crude oil futures for September dropping by $1.13 to $65.16 per barrel (1.70% decrease) and Brent crude oil futures for October falling by $1.12 to $67.64 per barrel (1.63% decrease) [4][5] Policy Developments - The State Council of China issued an opinion on gradually promoting free preschool education, which includes waiving the care and education fees for public kindergartens starting from the fall semester of 2025 [6] - A joint guideline from the central bank and seven departments aims to support key manufacturing industries, including integrated circuits and advanced materials, by providing long-term financing [6][7] Industry Insights - The Semiconductor Industry Association (SIA) projected that global semiconductor sales will reach $179.7 billion in the second quarter of 2025, marking a year-on-year growth of nearly 20% [8][9] - Guosen Securities expressed optimism about the semiconductor sector, particularly in analog and memory ICs, due to favorable market conditions and expected growth in the electronics sector [9] Regulatory Actions - The regulatory authorities are intensifying efforts to punish third parties involved in market fraud, aiming to strengthen the enforcement against companies that facilitate false transactions for listed firms [8]