A股，盘中异动！多则利好来袭

Core Viewpoint - A-shares experienced a rebound on July 4, with the Shanghai Composite Index reaching a new high for the year, driven by positive developments in various sectors including banking, steel, and photovoltaic industries [1][4]. Sector Summaries Photovoltaic Sector - The photovoltaic sector saw significant activity, with multiple stocks hitting the daily limit. This was influenced by a meeting held by the Ministry of Industry and Information Technology (MIIT) focusing on promoting high-quality development in the photovoltaic industry [2][4]. - MIIT emphasized the need to address low-price competition and improve product quality, indicating a shift towards sustainable development in the sector [5]. - Analysts believe that the government's increased attention to the challenges faced by the photovoltaic industry may lead to substantial policy support, potentially transforming the supply side of the industry [6]. Steel Sector - The steel sector also experienced a collective surge, with several companies, including Liugang and Hesteel, seeing significant gains. This was partly driven by news of a major insurance company increasing its stake in Hesteel [4][6]. - Analysts suggest that the steel industry's profitability may recover to historical averages, supported by government policies aimed at phasing out outdated production capacity [6]. - There are structural investment opportunities in the steel sector, particularly for companies with high profit margins and strong cost control [6]. Banking Sector - The banking sector showed renewed strength, with several banks reaching historical highs. The sector index rose nearly 1.7% on July 4, with major banks like Industrial and Commercial Bank of China and Shanghai Pudong Development Bank leading the gains [3][9]. - Insurance capital has increasingly targeted bank stocks, with nearly 20 instances of stake increases in 2025 alone. Analysts expect stable credit growth and improved asset quality in the banking sector due to supportive fiscal policies [9][10]. - The preference for dividend strategies among market funds is likely to enhance bank valuations, with recommendations to focus on high-dividend and regionally growing bank stocks [10].