市场日报：三大指数大幅上涨 申万一级行业集体收红

Market Overview - The three major indices experienced significant gains, with the Shanghai Composite Index rising by 1.02% to close at 3380.21 points, the Shenzhen Component Index increasing by 0.93% to 10955.65 points, and the ChiNext Index up by 1.23% to 2268.22 points, indicating a positive market sentiment [1][3][5] - The total trading volume across the two markets exceeded 1.9 trillion yuan, reflecting an increase in market activity [1][3] Sector Performance - All first-level sectors of the Shenwan index saw gains, with the steel sector leading the way with a rise of 5.10%, followed by real estate at 2.20% and non-bank financials at 2.19% [1][6] - The machinery equipment sector increased by 1.88%, and the electric power equipment sector rose by 1.81%, indicating a broad-based recovery across various industries [6][7] Fund Management Trends - The total scale of public funds in China saw a slight decline, dropping to 31.93 trillion yuan by the end of January 2025, down from 32.83 trillion yuan at the end of December 2024, marking a decrease of approximately 0.9 trillion yuan [2] - Money market funds experienced a reduction of over 400 billion yuan, while bond funds also saw a decrease of more than 280 billion yuan, attributed to falling yields and pre-holiday liquidity demands [2] Regulatory Developments - The State Administration for Market Regulation held a meeting with representatives from major companies to discuss fair competition practices, focusing on addressing "involution" in competition [2]