河南资本市场月报（2024年第10期）

Economic Performance and Comparison Analysis - In October 2024, China's economy is expected to bottom out and recover due to effective policy implementation, with industrial production and investment steadily rebounding, and significant improvement in social consumption [10][13] - The national industrial added value increased by 5.3% year-on-year in October, with manufacturing PMI returning to the expansion zone at 50.1% [10][19] - In Henan province, the industrial added value achieved a double-digit growth of 10.6% in October, driven by strong performance in manufacturing, particularly in the automotive and electrical equipment sectors [20][26] Macroeconomic Policy Tracking - In October 2024, financial regulatory authorities introduced a series of policies to enhance fiscal counter-cyclical adjustments and boost capital market confidence, including the establishment of a securities, funds, and insurance companies swap facility [31][32] - The Henan provincial government has implemented policies to promote technological innovation and urban capacity enhancement, including the "Artificial Intelligence+" action plan for 2024-2026 [37][39] Securities Market Performance - In October, the Henan index fell by 2.17%, with notable stock performances including Tianma New Materials (up 294.83%) and Hengtuo Open Source (up 196.35%) [2][3] - The total market capitalization of Henan A and H shares was 14,823.54 billion yuan, a decrease of 2.11% month-on-month, ranking 12th nationwide [3] Investment Recommendations - The report suggests focusing on investment opportunities related to Henan's "new quality productivity," "technological innovation," and "important index constituent stocks" as the market outlook improves with supportive fiscal and monetary policies [3]