午评：创业板指跌2.35% 智能驾驶、零售概念逆势走强

Market Overview - The A-share market experienced fluctuations with the Shanghai Composite Index and Shenzhen Component Index both declining over 1%, while the ChiNext Index fell over 2% [1] - By the end of trading, the Shanghai Composite Index closed at 3820.85 points, down 1.22%, with a trading volume of 482.6 billion; the Shenzhen Component Index closed at 12866.09 points, down 1.88%, with a trading volume of 641 billion; the ChiNext Index closed at 3063.97 points, down 2.35%, with a trading volume of 293.1 billion [1] Sector Performance - Retail and dairy sectors showed the highest gains, while precious metals, film and television, and Hainan sectors experienced the largest declines [2] - The retail concept remained active, with Baida Group achieving four consecutive trading limits, and Hongqi Chain and Guangbai Co. both achieving two consecutive trading limits [3] Institutional Insights - Furuong Fund noted that the Central Economic Work Conference maintained a "steady progress" approach, reaffirming "more proactive fiscal policy" and "moderately loose monetary policy," providing stable policy expectations for the market [4] - China International Capital Corporation (CICC) highlighted that the electric grid and industrial control sectors are expected to perform steadily upward by 2025, emphasizing structural investment opportunities [4] News Developments - The China Securities Association established a whistleblower mechanism targeting four types of unfair competition behaviors among IT service providers in the securities industry [5] - Hongmeng Zhixing has initiated L3 conditional autonomous driving testing in Shenzhen, aiming to validate the safety and maturity of the L3 system through real-world data [6] - The National Development and Reform Commission emphasized accelerating the establishment of mechanisms to expand domestic demand and remove unreasonable restrictions on consumption in sectors like automotive and housing [7]