万联证券：万联晨会-20241202

Core Insights - The report indicates a rebound in the A-share market, with the Shanghai Composite Index rising by 0.93% to 3,326.46 points, and the Shenzhen Component Index increasing by 1.72% [6][7] - All 31 sectors in the Shenwan industry index experienced gains, with retail, computer, and textile sectors leading the way [6][7] - The report highlights a significant increase in trading volume, with a total turnover of 1.71 trillion yuan in the Shanghai and Shenzhen markets [6][7] Domestic Market Performance - The Shanghai Composite Index closed at 3,326.46 points, up 0.93% - The Shenzhen Component Index closed at 10,611.72 points, up 1.72% - The ChiNext Index rose by 2.50% to 2,224.00 points, while the STAR 50 Index increased by 2.41% to 1,007.39 points [2][6] Important News - The manufacturing PMI for November in China was reported at 50.3%, an increase of 0.2 percentage points from the previous month [3][6] - In November, the number of cities with declining second-hand housing prices decreased to 96, with cities like Shenzhen and Chengdu showing signs of price recovery [3][6] Policy Developments - The report discusses the issuance of the "Opinions on the Reform and Innovation Development of Digital Trade" by the Central Committee and the State Council, aiming to enhance the digital trade sector [11][14] - The "Action Plan for Promoting High-Quality Development of Digital Finance" was jointly issued by seven departments, emphasizing the importance of digital finance in supporting the digital economy [15][18] Investment Recommendations - The report suggests focusing on opportunities in small and medium-sized digital trade enterprises and digital platform companies as the digital trade sector develops [14] - It also highlights the potential for growth in digital finance, particularly in areas such as data resource development and the construction of new financial infrastructure [15][18]