Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-10-22 10:30Report Information - Report Name: Stock Index Futures Panoramic Daily Report 2025/10/22 [1] - Researcher: Liao Hongbin [3] - Futures Practitioner Qualification Number: F30825507 [3] - Futures Investment Consulting Practitioner Certificate Number: Z0020723 [3] Investment Rating - No investment rating information is provided in the report. Core View - A-shares' upward trend remains unchanged, and short-term corrections will provide entry opportunities. It is recommended to buy on dips with a light position [2]. Summary by Directory Futures Market - Futures Contract Prices: IF, IH, IC, and IM main and secondary contracts all declined. For example, the IF main contract (2512) dropped to 4563.4, down 21.2 [2]. - Futures Spreads: Most of the spreads between different contracts decreased, such as the IF - IH monthly contract spread, which dropped 14.0 to 1570.4 [2]. - Futures Seasonal Spreads: Some seasonal spreads increased, like the IF current - monthly spread, which rose 1.4 to -37.0 [2]. - Futures Net Positions: The net positions of the top 20 in IF, IH, IC, and IM all decreased. For instance, the IF top 20 net position dropped 434.0 to -26,953.00 [2]. Spot Market - Spot Index Prices: The Shanghai and Shenzhen 300 Index dropped 15.3 to 4592.57, the Shanghai 50 Index rose 2.8 to 3010.1, the CSI 500 Index dropped 57.2 to 7128.5, and the CSI 1000 Index dropped 31.8 to 7312.2 [2]. - Futures Basis: The basis of the IF, IC, and IM main contracts increased, while the IH main contract basis decreased [2]. Market Sentiment - Trading Volume and Margin Trading Balance: A-share trading volume decreased by 2024.36 billion yuan to 16,902.57 billion yuan, and the margin trading balance increased by 142.73 billion yuan to 24,442.71 billion yuan [2]. - Northbound Trading and Repurchase Operations: Northbound trading volume increased by 121.35 billion yuan to 2468.66 billion yuan, and the repurchase operation volume increased by 1382.0 billion yuan to -435.0 billion yuan [2]. - Other Indicators: The proportion of rising stocks decreased by 43.20% to 41.91%, and the Shibor rate increased by 0.001% to 1.318% [2]. Market Strength and Weakness Analysis - Wind Market Strength and Weakness Indicators: All A-shares, technical, and capital indicators all declined [2]. Industry News - Economic Data: In the first three quarters, GDP was 1015036 billion yuan, with a year - on - year growth of 5.2%. From January to September, industrial added value increased by 6.2% year - on - year, and fixed - asset investment decreased by 0.5% year - on - year [2]. - International News: US President Trump plans to visit China early next year, and the Chinese Foreign Ministry has no specific information to provide [2]. - Stock Market Performance: A-share major indices closed mostly lower, with most industry sectors falling. Overseas, Trump's relaxation of tariff policies has a certain repair effect on market risk appetite [2]. Key Data to Watch - October 24, 15:15 - 16:30: France, Germany, Eurozone, UK October SPGI Manufacturing PMI [3] - October 24, 20:30: US September CPI, Core CPI; 21:45: US October SPGI Manufacturing PMI [3]