万联证券：万联晨会-20241021

Core Insights - The A-share market experienced a significant rally, with the Shanghai Composite Index rising by 2.91% to close at 3,261.56 points, the Shenzhen Component Index increasing by 4.71%, and the ChiNext Index surging by 7.95% [2][3] - All sectors in the market saw gains, particularly in electronics, telecommunications, and power equipment, while all concept sectors also rose, with notable increases in state-owned fund holdings, newly listed technology stocks, and photolithography machine concepts [2][3] - The Hong Kong Hang Seng Index rose by 3.61%, and the Hang Seng Tech Index increased by 5.77%, reflecting a positive trend in the broader Asian markets [2][3] Market Review - The total trading volume in the A-share market reached 2.10 trillion RMB, with over 4,800 stocks advancing [2][3] - In the international markets, all three major U.S. indices closed higher, with the Dow Jones up by 0.09%, the S&P 500 rising by 0.4%, and the Nasdaq increasing by 0.63% [2][4] Important News - The China Securities Regulatory Commission (CSRC) held a meeting to discuss further deepening capital market reforms, emphasizing the need to enhance market vitality and stabilize expectations through effective reforms [2][5] - Specific suggestions from the meeting included improving the inclusivity and adaptability of capital market systems, facilitating the issuance and listing of quality technology companies, and promoting long-term capital investment [2][5] - A strategic cooperation agreement was signed between the Beijing Stock Exchange, the National Equities Exchange and Quotations, and the Ministry of Industry and Information Technology to enhance financing services for specialized and innovative small and medium-sized enterprises [2][5]