计算机：中泰科技：金融科技为号，抓住市场最强音

Investment Rating - The report maintains a rating of "Overweight" for the industry [3][25]. Core Insights - The report emphasizes the importance of financial technology as a key driver in the current market, supported by various favorable policies aimed at enhancing market liquidity and encouraging long-term investments [2][22]. - Recent policies from the central bank and regulatory bodies have established a solid foundation for the long-term development of the capital market, with a focus on promoting equity public funds [7][10]. - The influx of both domestic and foreign capital has significantly increased market activity, particularly in the financial technology sector, which is seen as undervalued and poised for recovery [2][22]. Summary by Sections 1. Policy Environment - The report highlights the designation of finance as a "national key asset," with significant policies introduced to support the development of equity public funds [7][10]. - Key measures include lowering the reserve requirement ratio and interest rates to enhance market liquidity, as well as promoting long-term capital inflow through various regulatory frameworks [8][9]. 2. Capital Inflow - Foreign capital has seen a notable increase, with the northbound trading volume reaching 3569.32 billion yuan on September 30, nearly doubling from previous levels [10][12]. - Domestic capital is also being bolstered by lower benchmark interest rates and innovative monetary policy tools, which are injecting liquidity into the stock market [12][13]. 3. Market Activity - The report notes a significant increase in trading volume, with A-share trading volume totaling approximately 8.5 trillion yuan from September 20 to September 30, and a single-day volume exceeding 2.6 trillion yuan on September 30 [18][19]. - The financial technology sector is highlighted as a bellwether for the bull market, with historical data showing substantial price increases during previous bull markets [18][20]. 4. Investment Recommendations - The report suggests focusing on financial technology companies such as Tonghuashun, Dongfang Caifu, and Guiding Compass, which are expected to benefit from the current market conditions and policy support [22].