万联晨会-20250620

Market Overview - The A-share market experienced a decline on Thursday, with the Shanghai Composite Index falling by 0.79%, the Shenzhen Component Index down by 1.21%, and the ChiNext Index decreasing by 1.36%. The total market turnover reached 12,808 billion yuan, an increase of 591 billion yuan compared to the previous day, with over 4,600 stocks declining across the market. Sectors such as oil and gas, short drama games, and the China Shipbuilding Industry Group saw gains, while nuclear fusion and weight loss drug sectors faced losses [2][6]. Important News - The Ministry of Commerce announced on June 19 that it is expediting the review of export license applications related to rare earths, emphasizing the importance of maintaining global supply chain stability and security. The ministry has approved a certain number of compliant applications and will continue to strengthen the approval process for compliance applications [3][7]. Industry Insights - The report highlights the launch of 14 key new mobile games in May 2025, with titles such as "杖剑传说" and "胜利女神：新的希望" performing notably well. The gaming industry is expected to benefit from a stable issuance of game licenses and a favorable market environment, suggesting a positive outlook for new game performances [12][14]. Investment Recommendations - The report suggests focusing on the deepening reforms of the Sci-Tech Innovation Board and the Growth Enterprise Market to enhance the institutional inclusiveness and adaptability for high-quality technology enterprises. The establishment of the "Sci-Tech Growth Layer" aims to support technology companies that are not yet profitable but have significant breakthroughs and commercial prospects. This initiative is seen as a crucial step in building a multi-tiered capital market system [8][11]. - The report emphasizes the importance of nurturing emerging and future industries, with a focus on high-level technological self-reliance. It suggests leveraging financial innovation tools and policies to support technology innovation and accelerate the growth of new industries [10][11].