Report Date - July 30, 2025 [3] Market Review - Except for the Shanghai Stock Exchange 50 Index, all other stock indices closed down today. The trading volume of the two markets increased by 4.1109 billion yuan. In the futures index market, IF and IH increased in volume, while IC and IM decreased in volume [4] Important Information - China and the US will continue to extend the suspension of 24% of the US reciprocal tariffs and China's countermeasures for 90 days [5] - The Political Bureau of the CPC Central Committee meeting stated that monetary policy should maintain ample liquidity and promote a decline in the comprehensive social financing cost [5] - The Political Bureau emphasized that macro - policies should continue to exert force and increase force in a timely manner [5] - The Political Bureau called for in - depth implementation of special actions to boost consumption, cultivating new growth points in service consumption while expanding commodity consumption [5] Core View - Today, stock indices showed mixed performance. The large - cap stock indices were relatively strong, with the dividend index leading the rise. Market sentiment was cautious, and the trading volume of the two markets increased slightly. GC001 rose by over 7%. Tightening marginal market liquidity led to relatively weak performance of small - and medium - cap stock indices. After the Central Political Bureau meeting in the afternoon, the stock indices declined in advance. This was due to the market having pre - traded the positive expectations of the meeting, and when the meeting was officially held, the positive news was exhausted, causing the stock indices to decline. Overall, there was no information exceeding expectations in this meeting, so the stock indices rebounded slightly at the end of the session but the amplitude was limited. Today, the volume - weighted average basis of each futures index variety decreased slightly, while the trading volume and open interest increased. It is expected that the stock indices will undergo a short - term adjustment, but the adjustment range will be small, and the overall upward trend will remain unchanged [5] Strategy Recommendation - Hold long positions and wait and see [5] Futures Index Market Observation | Variety | Main Contract Intraday Change (%) | Trading Volume (10,000 lots) | Trading Volume MoM (10,000 lots) | Open Interest (10,000 lots) | Open Interest MoM (10,000 lots) | | --- | --- | --- | --- | --- | --- | | IF | 0.04 | 13.8031 | 4.0368 | 27.4703 | 1.5183 | | IH | 0.28 | 7.0949 | 2.4802 | 10.3281 | 0.8559 | | IC | - 0.42 | 10.5254 | 1.7161 | 22.9923 | 0.5142 | | IM | - 0.43 | 23.1279 | 4.273 | 34.6497 | 1.6585 | [5] Spot Market Observation | Name | Value | | --- | --- | | Shanghai Stock Exchange Change (%) | 0.17 | | Shenzhen Stock Exchange Change (%) | - 0.77 | | Ratio of rising to falling stocks | 0.48 | | Trading Volume of the Two Markets (billion yuan) | 184.4279 | | Trading Volume MoM (billion yuan) | 4.1109 | [6]
政治局会议召开,股指午后回落
Nan Hua Qi Huo·2025-07-30 13:07