格林大华期货早盘提示-20251028

Report Industry Investment Rating - Not provided Core Viewpoints of the Report - In the morning session, driven by the smooth progress of China - US economic and trade negotiations, the major indices of the two markets opened higher, with the Shanghai Composite Index approaching 4,000 points. The trading volume increased as the market rose. High - growth industries and the stock market are expected to perform well, and the stability of the stock market is crucial for boosting consumer confidence and promoting economic internal circulation [1][2][3] - High - growth industries such as quantum technology, biomanufacturing, and AI are expected to become new economic growth points in the future, with the potential to double the scale of China's high - tech industry in the next 10 years [3] - Goldman Sachs predicts that Chinese stocks will show a more sustained upward trend in the future, with the MSCI China Index expected to rise by about 30% by the end of 2027 [2] Summary According to the Directory Market Review - The trading volume of the two markets was 2.34 trillion yuan. The CSI 300 Index closed at 4,716 points, up 55 points or 1.18%; the SSE 50 Index closed at 3,069 points, up 23 points or 0.78%; the CSI 500 Index closed at 7,379 points, up 120 points or 1.67%; the CSI 1000 Index closed at 7,495 points, up 76 points or 1.03% [1] - Among industry and theme ETFs, the top gainers were communication equipment ETF, semiconductor equipment ETF, etc., while the top losers were game ETF, real estate ETF, etc. Among the sector indices of the two markets, the top gainers were components, forestry, etc., and the top losers were games, wind power equipment, etc. [1] - The CSI 500, CSI 1000, CSI 300, and SSE 50 index futures saw net inflows of 4.2 billion, 3.8 billion, 3.2 billion, and 700 million yuan respectively in the settled funds [1] Important Information - China - US economic and trade teams had in - depth and constructive exchanges on issues such as 301 measures on the maritime logistics and shipbuilding industries, and reached a basic consensus on resolving concerns [1] - From January to September, the total profit of industrial enterprises above designated size was 5.3732 trillion yuan, a year - on - year increase of 3.2%. In September, the profit of industrial enterprises above designated size increased by 21.6% year - on - year [1] - Global investors' stock allocations are continuously rising, approaching the historical high of the 1990s, driven by factors such as excess global liquidity and technological breakthroughs in AI [1] - Tencent's R & D shows that AI has been deeply integrated into its R & D system, with over 90% of engineers using AI programming assistants and 50% of new code generated by AI, boosting overall R & D efficiency by over 20% [1] - Blue Arrow Aerospace's Zhuque - 3 completed pre - flight fueling and static ignition tests, and is scheduled for an orbital launch in November, aiming to be China's first recyclable launch vehicle [1] - OpenAI completed a $15 trillion chip supply deal, showing high execution efficiency and the urgency of the AI computing power race [2] - The AI data center boom is squeezing the US manufacturing industry, with a 18% increase in data center construction spending and a 2.5% contraction in factory construction this year [2] - Google's cloud business won a major order from AI unicorn Anthropic, posing pressure on its competitor Amazon [2] - After the US sanctions on Russian oil companies, Indian refineries are considering reducing Russian crude oil purchases [2] - A Japanese startup launched the world's first yen - linked stablecoin, marking a change in Japan's financial infrastructure [2] - US quantum computing companies achieved technological breakthroughs, and the industry predicts that the "quantum advantage" may be reached in 3 - 5 years, posing a threat to security [2] - The Fed is expected to cut interest rates for the second consecutive time this week, but extending the easing cycle may face opposition from some officials due to inflation concerns [2] Market Logic - Driven by the smooth progress of China - US negotiations, the major indices of the two markets opened higher. In September, the profit of industrial enterprises above designated size increased significantly year - on - year [1][2] - The "15th Five - Year Plan" proposes to strengthen original innovation and key core technology research in key areas such as integrated circuits and industrial mother machines [2] - As the stock market recovers, investor confidence is increasing, driving up residents' property income, highlighting the importance of stabilizing the stock market [2] - Goldman Sachs predicts that Chinese stocks will have a more sustained upward trend in the future [2] Market Outlook - High - growth industries such as quantum technology and AI are expected to become new economic growth points, with the potential to double the scale of China's high - tech industry in the next 10 years [3] - Chinese stocks are attracting more domestic and foreign investors. Stable stock market can boost consumption and strengthen economic internal circulation [3] - Before the China - US summit on October 30, the uncertainty of the details of the agreement may cause market fluctuations. The Shanghai Composite Index may experience sharp fluctuations around 4,000 points [3] Trading Strategies - For futures index trading, before the China - US summit on October 30, wait for a clearer situation at the end of the month. Long positions in index futures should be mainly based on the CSI 300 Index and the SSE 50 Index [3] - For index option trading, wait and see as there may be sharp fluctuations around the 4,000 - point level of the Shanghai Composite Index [3]