Venture(US:VEMLY) Xin Hua Cai Jing·2025-10-29 04:08Market Performance - The Shanghai Composite Index rose by 0.37% to 4002.83 points with a trading volume of approximately 605.1 billion [2] - The Shenzhen Component Index increased by 0.90% to 13550.65 points with a trading volume of about 816.3 billion [2] - The ChiNext Index saw a rise of 1.35% to 3273.28 points with a trading volume of around 395.5 billion [2] - The STAR Market Index decreased by 0.20% to 1672.05 points with a trading volume of approximately 152.3 billion [2] - The North Star 50 Index increased by 0.29% to 1455.84 points with a trading volume of about 12.8 billion [2] Sector Performance - Key sectors that performed well included communication equipment, precious metals, and non-ferrous metals, while internet, semiconductors, and home goods sectors lagged [1] - Quantum technology, Hainan Free Trade Zone, PCB concepts, lithium mining, and storage chips saw significant gains during the trading session [1] - By midday, sectors such as Hainan Free Trade Zone, non-ferrous metals, and diversified finance led the gains, with notable increases in securities, communication equipment, lithium mining, and newly listed stocks on the STAR Market [1] Company Insights - Individual stock performance was closely tied to earnings report disclosures and market expectations [1] - Sunshine Power experienced a strong rise following its third-quarter report, while ZTE opened significantly lower [1] - Companies like Industrial Fulian and Xian Dao Intelligent saw substantial increases due to anticipated earnings reports [1] Policy and Economic Outlook - The "14th Five-Year Plan" and its continuity into the "15th Five-Year Plan" are expected to provide a stable framework for capital market development [3] - Focus areas for investment during the "15th Five-Year Plan" include digital technology, space economy, high-end manufacturing, domestic consumption, and biotechnology [3] - The emphasis on new productive forces is seen as crucial for transitioning from old to new economic drivers amid increasing external uncertainties [3] Innovation Index - The 2024 China Innovation Index is projected to be 174.2, reflecting a 5.3% increase from the previous year, indicating a steady improvement in the innovation environment [5][6] - Key components of the innovation index, including innovation environment, input, output, and effectiveness, showed growth rates of 4.9%, 5.1%, 8.1%, and 1.9% respectively [5] - The index highlights the ongoing enhancement of China's technological innovation capabilities and the growth of new economic drivers [6]