Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-08-18 09:49Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View of the Report Although economic data weakened in July, market expectations for policy intensification have increased. The market is focusing on the semi - annual reports of listed companies, with positive net profit growth in the four broad - based indices. Some companies' improved fundamentals support the stock market, but the potential drag from unreported companies' profit declines should be watched. A - shares with reasonable valuations are attracting foreign capital inflows. The strategy suggests light - position buying on dips [2]. 3. Summary by Relevant Catalogs 3.1 Futures Data - Futures Contracts: All main and secondary contracts of IF, IH, IC, and IM showed price increases. For example, the IF main contract (2509) rose 34.6 to 4237.8 [2]. - Futures Spreads: All spreads between different contracts showed increases. For instance, the IF - IH monthly contract spread rose 26.4 to 1389.4 [2]. - Futures Net Positions: The net positions of the top 20 in IF, IH, and IM increased, while that of IC decreased slightly [2]. - Futures Basis: The basis of IF, IH, and IC main contracts decreased, while that of IM increased [2]. 3.2 Market Data - Spot Prices: All major spot indices (CSI 300, SSE 50, CSI 500, and CSI 1000) rose. The CSI 300 rose 37.1 to 4239.41 [2]. - Market Turnover and Margin Trading: A - share trading volume remained at a high level, and the margin trading balance increased slightly [2]. - Market Sentiment Indicators: North - bound trading was active, and the proportion of rising stocks decreased. The Shibor rate increased [2]. 3.3 Industry News - Economic Data: In July 2025, fixed - asset investment, real - estate investment, and social retail sales growth slowed down compared to previous values. However, inflation data showed improvement, and the M2 - M1 gap continued to narrow [2]. - Stock Market Performance: A - share major indices closed higher, with over 4000 stocks rising. Communication, comprehensive, and computer sectors strengthened, while real - estate and oil sectors declined [2]. 3.4 Upcoming Key Data - August 20th, 9:00: China's one - year and five - year LPR quotes - August 21st, 15:00 - 16:30: France, Germany, Eurozone, and UK's August SPGI manufacturing, service, and composite PMI preliminary values; 21:45: US August SPGI manufacturing, service, and composite PMI preliminary values - August 22nd, 22:00: Fed Chairman Powell's speech at the Jackson Hole Global Central Bank Conference [3]