投资前瞻：成长板块有望“登台唱戏”

Market News - The Ministry of Finance announced the issuance of 11 special long-term government bonds in the third quarter, with 3 issues in July, 4 in August, and 4 in September [2] - OPEC+ agreed to increase oil production by 548,000 barrels per day in August, exceeding the previous expectation of 411,000 barrels per day [3] - Indonesia plans to sign a $34 billion agreement with the U.S. to increase procurement from the U.S. as part of efforts to reach a trade agreement by July 9 [4] Sector Events - The 12th World High-Speed Rail Conference will be held in Beijing from July 8 to 11, 2025, focusing on innovative development in high-speed rail [6] - The 13th China (Western) Electronic Information Expo will take place in Chengdu from July 9 to 11, 2025, aimed at promoting the development of the electronic information industry in the western region [7] - The first Western Low Altitude Economy Expo will be held from July 11 to 13, 2025, with a focus on the development needs of low-altitude enterprises [8] Company News - Xiaomi Group's chairman Lei Jun announced the first delivery of Xiaomi YU7, starting on July 6 in 58 cities nationwide [10] - Zeekr will hold a technology launch event for the Zeekr 9X on July 9, 2025, introducing a new generation of hybrid technology architecture [10] - Fuwai Group is set to be listed on the Hong Kong Stock Exchange on July 7, with several other companies also listing on July 9 [11] Lock-up Expiration - A total of 50 companies will have their lock-up shares released this week, amounting to 1.364 billion shares with a total market value of 37.619 billion yuan based on the closing price on July 4 [13] - The peak of lock-up expirations will occur on July 7, with 24 companies releasing shares worth a total of 19.109 billion yuan, accounting for 50.79% of the week's total [13] New Stock Calendar - One new stock, Huadian New Energy, will be issued on July 7, 2025, with approximately 5.714 billion shares expected to raise 18.227 billion yuan [17] Institutional Outlook - Dongwu Securities is optimistic about the growth technology sector, noting that the Shanghai Composite Index has broken through 3400, with financial stocks playing a key role [20] - Galaxy Securities suggests that market sentiment is recovering, indicating conditions for a new stable state, with A-share valuations at a historically moderate level [21] - Huajin Securities warns that the short-term valuation rally may be nearing its peak, with several indicators suggesting high market sentiment [22]