Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-07-24 09:21Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View of the Report - A-shares' major indexes rose collectively, with the Shanghai Composite Index surpassing 3600 points. The market expects positive news from the upcoming Sino-US trade talks. Central Huijin's large-scale ETF purchases in Q2 stabilized market expectations. Although the real estate market still drags down fixed - asset investment and the support for social retail sales from trade - in programs has weakened, loose monetary policies are showing results, and the stock index has long - term upward potential. It is recommended to buy on dips [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market Data - Futures Contract Prices: IF (2509) at 4141.2 (+31.4), IH (2509) at 2816.6 (+14.0), IC (2509) at 6226.0 (+105.2), IM (2509) at 6618.6 (+119.4) [2]. - Futures Spreads: IF - IH spread at 1331.6 (+16.8), IC - IF spread at 2122.6 (+73.6), etc. [2]. - Futures - Spot Basis: IF basis at - 7.8 (+2.7), IH basis at 4.2 (+2.6), IC basis at - 67.6 (+9.2), IM basis at - 82.5 (+24.7) [2]. - Futures Positioning: IF top 20 net position at - 29,671.00 (+2272.0), IH at - 16,384.00 (+927.0), IC at - 14,176.00 (+1424.0), IM at - 43,052.00 (+1859.0) [2]. 3.2 Spot Market and Market Sentiment - Spot Indexes: CSI 300 at 4149.04 (+29.3), SSE 50 at 2812.44 (+11.2), CSI 500 at 6293.60 (+96.8), CSI 1000 at 6701.12 (+93.9) [2]. - Market Sentiment Indicators: A - share trading volume at 18,738.81 billion yuan (- 244.90), margin trading balance at 19,358.17 billion yuan (+25.44), etc. [2]. 3.3 Industry News - Central Huijin bought over 200 billion yuan of core broad - based ETFs in Q2 2025 [2]. - Chinese Vice - Premier He Lifeng will hold economic and trade talks with the US in Sweden from July 27 - 30 [2]. - China's Q2 GDP grew 5.2% year - on - year, while social retail and fixed - asset investment growth slowed, and the real estate market declined. M1 and M2 growth accelerated in June [2]. 3.4 Key Events to Watch - July 24: ECB interest rate decision, US initial jobless claims, and SPGI manufacturing PMI [3]. - July 27: China's June industrial enterprise profits [3].