国新证券每日晨报-20250808

Domestic Market Overview - The domestic market experienced narrow fluctuations with mixed performance on August 7, with the Shanghai Composite Index closing at 3639.67 points, up 0.16%, while the Shenzhen Component Index closed at 11157.94 points, down 0.18% [1][4] - Among 30 first-level industries, 18 saw gains, with non-ferrous metals, real estate, and comprehensive sectors leading the increases, while pharmaceuticals, comprehensive finance, and electric equipment & new energy sectors faced significant declines [1][4][8] - The total trading volume of the A-share market reached 185.25 billion yuan, showing an increase compared to the previous day [1][4] Overseas Market Overview - The three major U.S. stock indices closed mixed on August 7, with the Dow Jones down 0.51%, S&P 500 down 0.08%, and Nasdaq up 0.35% [2][4] - Notably, Apple shares rose over 3%, contributing to the performance of the U.S. technology sector [2][4] Trade Data - In the first seven months of 2025, China's total goods trade value reached 25.7 trillion yuan, reflecting a year-on-year growth of 3.5%, with exports at 15.31 trillion yuan, up 7.3%, and imports at 10.39 trillion yuan, down 1.6% [9][15] - In July alone, the total trade value was 3.91 trillion yuan, marking a 6.7% increase, with exports at 2.31 trillion yuan, up 8%, and imports at 1.6 trillion yuan, up 4.8% [9][15] Foreign Exchange Reserves - As of the end of July 2025, China's foreign exchange reserves stood at 329.22 billion USD, a decrease of 25.2 billion USD from the end of June, representing a decline of 0.76% [16] Policy Developments - The Ministry of Finance announced a policy to waive childcare education fees for all kindergarten senior class children, expected to benefit approximately 12 million children this autumn [10][12] - The Chinese government is promoting the development of the brain-computer interface industry, aiming to enhance innovation capabilities and establish a competitive industrial ecosystem by 2030 [18][19]