券商中国·2025-07-04 11:18Macro Dynamics - The U.S. has reportedly resumed the supply of jet engines to COMAC, with the Chinese Foreign Ministry expressing hope for healthy and stable development of Sino-U.S. economic and trade relations [1] Market Data - On July 4, the Shanghai Composite Index rose by 0.32%, while the Shenzhen Component Index fell by 0.25% and the ChiNext Index dropped by 0.36%. The total trading volume in the Shanghai and Shenzhen markets was approximately 14,285.58 billion yuan, an increase of about 1,188.01 billion yuan compared to the previous trading day [7] - In Hong Kong, the Hang Seng Index decreased by 0.64% and the Hang Seng Tech Index fell by 0.33%. Resource and consumer stocks led the decline, while photovoltaic and innovative pharmaceuticals saw gains [8] Company Dynamics - Tesla announced a price reduction for the Model 3 in Hong Kong, with some models seeing tax-inclusive discounts of up to 18%, bringing the entry-level price down to 249,000 HKD [9] - Sunac China announced plans to issue shares to repay approximately 5.6 billion yuan in debt, aimed at alleviating liquidity pressure and improving financial conditions for long-term business recovery [12][13]