华龙证券：华龙内参2024年第194期，总第1753期（电子版）-20241104

Market Overview - The market experienced a high and then a pullback, with the ChiNext Index leading the gains [3] - The total trading volume in the Shanghai and Shenzhen markets reached 1.77 trillion yuan, an increase of 251.6 billion yuan from the previous trading day [3] - The new energy sector saw significant gains, particularly in the photovoltaic and lithium battery segments, with multiple stocks hitting the daily limit [3] Financing Data - As of October 24, the financing balance on the Shanghai Stock Exchange was 858.314 billion yuan, an increase of 3.513 billion yuan from the previous trading day [4] - The financing balance on the Shenzhen Stock Exchange was 788.476 billion yuan, up by 3.895 billion yuan [4] - The total financing balance for both markets reached 1.64679 trillion yuan, an increase of 7.408 billion yuan [4] Investment Advisory Insights - The market sentiment for buying was reignited, with all three major indices rising over 1%, and the ChiNext Index increasing by over 3% [5] - Despite the lively market, the indices remain within a recent range, with significant resistance around the 3300-3400 point level, suggesting caution against chasing high prices [5] Concept Highlights - The intelligent driving sector saw the successful IPO of Horizon Robotics on the Hong Kong Stock Exchange, raising 5.407 billion HKD, marking it as the largest tech IPO in Hong Kong this year [6] - The company focuses on automotive solutions, providing a range of advanced driver assistance and high-level autonomous driving solutions [6] - Analysts are optimistic about companies with strong software capabilities in the automotive intelligence sector [6] Key News - A strategic cooperation agreement was signed to initiate a low-altitude economy demonstration project in Beijing's sub-center, indicating rapid development in this sector [6] - The low-altitude economy market in China is projected to reach 1.5 trillion yuan by 2025 and 3.5 trillion yuan by 2035 [6]