Zhong Guo Ji Jin Bao·2025-09-30 08:33Market Performance - As of September 30, the Shanghai Composite Index rose by 0.52%, while the Shenzhen Component Index increased by 0.35%, and the ChiNext Index remained flat. The STAR 50 Index saw a significant rise of 1.69% [1][2] - In September, the market exhibited a fluctuating upward trend, with the ChiNext Index gaining over 12%, marking a three-year high, and the STAR 50 Index increasing by over 11%, reaching a nearly four-year high [1] Sector Performance - The non-ferrous metals sector experienced substantial gains, with several stocks showing significant increases, such as Xiyang Co. and Huaxi Nonferrous, both rising by 9.98% [3][4] - The storage chip sector also saw notable growth, driven by price increases announced by multiple suppliers, including Samsung Electronics, which indicated a price rise of 15-30% for certain products. Micron's new pricing for DRAM and NAND products also showed an increase of over 20% [5] Declining Sectors - The liquor and financial sectors faced declines, with notable drops in stocks like Guizhou Moutai, which fell by 1.15%, and other financial stocks such as GF Securities, which decreased by 2.92% [7][8] Policy Initiatives - The Ministry of Finance and the Ministry of Commerce announced a pilot program to promote new consumption models and scenarios, aiming to enhance quality consumption supply and stimulate domestic demand [10][12] - The pilot program will support around 50 cities, focusing on those with large populations and strong development potential, with a policy implementation period of two years [12][20] - Financial support will be provided to pilot cities, with super-large cities receiving a total subsidy of 400 million yuan, large cities 300 million yuan, and other cities 200 million yuan [18][24]