北交所定期报告：央行，加快金融数字化智能化转型

Investment Rating - The industry investment rating is "Increase" indicating an expected outperformance of the industry index relative to the benchmark by more than 5% over the next six months [36]. Core Insights - The People's Bank of China emphasizes accelerating the digital and intelligent transformation of finance, aiming for a secure and efficient financial infrastructure and the application of AI in the financial sector [12]. - The State-owned Assets Supervision and Administration Commission (SASAC) has reiterated the importance of developing strategic emerging industries and increasing their revenue share within state-owned enterprises [12]. - The report highlights the promotion of distributed renewable energy participation in green electricity trading, with a goal to enhance the green certificate market by 2027 and further improve its operational efficiency by 2030 [13]. - Policies supporting grain and soybean production are being strengthened, including the implementation of special loan interest subsidies for grain and oil planting [16]. Market Performance North Exchange Market Performance - As of March 18, 2025, the Shanghai Composite Index rose by 0.11%, the North Exchange 50 Index increased by 0.42%, the CSI 300 Index went up by 0.27%, the ChiNext Index rose by 0.61%, and the Sci-Tech Innovation 50 Index also increased by 0.61% [17]. - The North Exchange A-share sector consists of 264 companies with an average market capitalization of 3.102 billion. The trading volume for the day reached 44.782 billion, a decrease of 7.10% compared to the previous trading day [17]. North Exchange Individual Stock Performance - The total trading volume on the North Exchange decreased, with 140 companies experiencing stock price increases. The top gainers included Leite Technology (up 29.99%), Fangzheng Valve (up 24.29%), and Wantong Hydraulic (up 19.28%) [18]. - Conversely, the top decliners included Meibang Technology (down 13.47%), Hengtai Lighting (down 11.48%), and Jinsai Technology (down 11.45%) [18].