Venture(US:VEMLY) Ge Long Hui·2025-11-04 07:41Market Overview - The A-share market experienced a collective decline, with the Shanghai Composite Index down 0.41% to 3960 points, the Shenzhen Component down 1.71%, and the ChiNext Index down 1.96% [1][2] - The total market turnover was 1.94 trillion yuan, a decrease of 194.5 billion yuan compared to the previous trading day, with over 3600 stocks declining [1] Sector Performance - The precious metals sector saw significant declines, with Zhongjin Gold falling over 5% and other related stocks also experiencing losses [4][5] - The lithium mining concept stocks dropped, with Guocheng Mining nearing a trading halt [2] - The robotics sector weakened, with Qiangrui Technology down nearly 10% [2][7] - The chemical pharmaceutical sector faced declines, with Changshan Pharmaceutical hitting the daily limit down and other stocks like Haichen Pharmaceutical and Shanghai Yizhong also falling significantly [8][9] - The photovoltaic sector weakened, with Hongyuan Green Energy down over 7% and Sunshine Power down over 6% [10][11] Notable Stocks - Zhongjin Gold reported a price of 20.70 yuan, down 5.18% [5] - Changshan Pharmaceutical closed at 55.84 yuan, down 20% [9] - Hongyuan Green Energy traded at 29.77 yuan, down 7.26% [11] Banking Sector - The banking sector showed strength, with Xiamen Bank leading gains, up over 5% [16][17] - The total assets of the banking and insurance sectors in mainland China exceeded 500 trillion yuan, with an average annual growth of 9% over the past five years [16] Policy and Economic Environment - The Chinese government announced new immigration and exit-entry management policies, which may positively impact the tourism sector [12] - The recent national medical insurance negotiations indicated potential price reductions for innovative drugs, with suggested cuts ranging from 15% to 50% [8]