华龙证券：华龙内参2024年第216期，总第1775期（电子版）-20241128

Market Analysis - The market experienced fluctuations with the ChiNext index leading the decline, as high-priced stocks collectively dropped significantly, with over a hundred stocks falling more than 9% [4][6] - The total trading volume in the Shanghai and Shenzhen markets was 1.3 trillion yuan, a decrease of 185.2 billion yuan compared to the previous trading day, marking the lowest trading volume since September 27 [4] - The IP economy concept stocks rose against the trend, with companies like Chuangyuan Co., Huali Technology, and Aofei Entertainment hitting the daily limit [4] Data Insights - As of November 25, the financing balance on the Shanghai Stock Exchange was 942.94 billion yuan, an increase of 0.8 billion yuan from the previous trading day; the Shenzhen Stock Exchange's financing balance was 880.05 billion yuan, up by 3.87 billion yuan, bringing the total to 1.822993 trillion yuan, an increase of 4.67 billion yuan [8] Concept Highlights - The "ice and snow economy" is gaining momentum as new initiatives and activities are launched in various regions, with the Altay region in Xinjiang receiving over 2.35 million visitors since mid-October, a year-on-year increase of over 60% [10] - The State Council's recent policy aims to promote the development of the ice and snow economy, which is expected to become a new growth point, supported by infrastructure projects in snow regions [10] Key News - The "谷圈文化" (Gu Circle Culture) has emerged as a new investment trend, with the market for the second dimension and its derivatives reaching 221.9 billion yuan in 2023, indicating a shift towards a dual-driven model of content and peripheral industries [12] - Huawei has obtained patents in quantum computing, with the global quantum computing market projected to exceed 40 billion USD, expected to grow rapidly as key technologies mature around 2027 [12] Future Events Reminder - The Global Low Altitude Economy Forum will be held on November 27 in Beijing, focusing on the aviation engine sector [16] - The 2024 World Consumer Electronics Show will take place from November 28 to 30 in Shenzhen, relevant to the consumer electronics sector [16]