Venture(US:VEMLY) Xin Hua Cai Jing·2025-09-05 04:20Market Performance - The Shanghai and Shenzhen stock indices showed mixed performance on September 5, with the Shanghai Composite Index slightly lower and the Shenzhen Component and ChiNext Index higher [1] - The ChiNext Index saw a peak increase of 4.08% during the session, indicating strong market activity [1] - By midday, the Shanghai Composite Index was at 3778.95 points, up 0.35%, with a trading volume of approximately 574 billion; the Shenzhen Component was at 12362.85 points, up 2.01%, with a trading volume of about 794.7 billion [1] Sector Performance - Strong early gains were observed in sectors such as sports concepts, education and leisure, and gaming, while battery-related sectors like sodium batteries and solid-state batteries also performed well [1] - By midday, sectors such as batteries, photovoltaic equipment, and components led the gains, while banking, insurance, and tourism sectors faced declines [1] Institutional Insights - CICC noted that the A-share market's turnover surged to 3.17 trillion on August 25, with a sustained turnover around 3 trillion in subsequent days, indicating a weekly average turnover rate exceeding 5% [2] - Historical data suggests that when the turnover rate exceeds 5%, the index often experiences a correction phase, but subsequent trends typically show a rebound beyond previous highs [2] - Current market valuations are deemed reasonable, with expectations for positive earnings growth in the latter half of the year, supported by policy incentives [2] Industry Trends - Guojin Securities highlighted a trend of demand stabilization and an improving business environment, with a clear turning point in profitability for various sectors including motorcycles, components, and gaming [3] - Haitong Securities projected that the supply-demand relationship for electrolytic aluminum will remain tight, with prices expected to rise to 22,000 yuan per ton by the second half of 2025, supported by low absolute inventory levels [3] Policy Developments - The National Mine Safety Administration approved a key research and development directory for intelligent mining robots, encouraging collaboration between mining enterprises and research institutions to enhance safety and efficiency [4] - Hainan is implementing more open and convenient duty-free shopping policies for travelers, aiming to increase the variety of duty-free goods and enhance the shopping experience [5][6] International Interest - Hong Kong Exchanges and Clearing's CEO noted a significant increase in international investors' interest in Chinese technology innovations, with nearly 40% of this year's refinancing coming from tech companies [7]