Venture(US:VEMLY) Sou Hu Cai Jing·2025-08-25 04:59Market Overview - The market experienced a high opening followed by a pullback, with the ChiNext Index leading the gains. The total trading volume in the Shanghai and Shenzhen markets reached 2.08 trillion yuan, an increase of 567.8 billion yuan compared to the previous trading day. Over 2,800 stocks rose, with the Shanghai Composite Index up 0.86%, the Shenzhen Component Index up 1.61%, and the ChiNext Index up 2.22% [1]. Sector Performance - The computing power sector remained strong, with stocks like Changfei Fiber and others hitting the daily limit. The rare earth and non-ferrous metal sectors also showed strength, with Northern Copper and others reaching the daily limit. Real estate stocks rebounded, with Vanke A hitting the daily limit [1][5]. - Rare earth permanent magnet stocks led the gains, with Baogang Co., China Steel Tianyuan, and Hunan Silver all hitting the daily limit. Jinli Permanent Magnet and Dadi Bear saw increases of over 10% [2][3]. Policy Impact - The recently released "Interim Measures for Total Control Management of Rare Earth Mining and Smelting Separation" indicates that the state will implement total control management over rare earth mining and smelting separation, which may lead to a tightening of raw material supply and further highlight the strategic value of rare earths [2][3]. Computing Power Sector - The computing power and chip sectors continued to perform well, with stocks like Feiling Kesi, Kede Education, and others hitting the daily limit. The China Computing Power Conference 2025 highlighted that the construction of computing power platforms is accelerating, with expectations for a growth of over 40% in intelligent computing power scale by 2025 [3][4]. Real Estate Sector - Real estate stocks showed a rebound, with Vanke A, Wantong Development, and Rongsheng Development hitting the daily limit. The People's Bank of China indicated in its second-quarter monetary policy report that it aims to stabilize the real estate market and improve financial systems related to real estate [5][7]. White Wine Sector - The white wine sector became active again, with Shede Liquor hitting the daily limit and other brands like Shui Jing Fang and Jiu Gui Jiu showing significant gains. Analysts believe that despite macroeconomic challenges, the trend of consumer upgrading remains unchanged, and demand for high-quality white wine is expected to increase, especially with the upcoming Mid-Autumn Festival [8][9]. Summary - Overall, despite a pullback, the market indices continued to rise, with significant activity in the rare earth, computing power, real estate, and white wine sectors. The trading volume was notably high, indicating strong market interest [10].