Core Viewpoint - The market experienced a significant rally on July 21, with both the Shanghai Composite Index and the ChiNext Index reaching new highs for the year, driven primarily by infrastructure-related stocks and a surge in trading volume [1][2][3]. Market Performance - The Shanghai Composite Index rose by 0.72%, the Shenzhen Component Index increased by 0.86%, and the ChiNext Index gained 0.87% [1]. - Over 4,000 stocks in the market saw gains, with more than a hundred stocks hitting the daily limit up [2]. Sector Highlights - Infrastructure stocks, particularly in cement and building materials, saw a collective surge, with companies like Conch Cement hitting the daily limit up [3][8]. - High-voltage power transmission and grid concept stocks also performed strongly, with companies such as Guodian Nanzi reaching the daily limit up [4][8]. - The robotics sector maintained its strength, exemplified by Changsheng Bearing hitting the daily limit up [5]. Trading Volume and Key Stocks - The total trading volume for the Shanghai and Shenzhen markets reached 1.7 trillion yuan, an increase of 128.9 billion yuan from the previous trading day [5]. - Notable stocks by trading volume included Northern Rare Earth at 14.664 billion yuan, followed by Dongfang Fortune, Zhongji Xuchuang, and Ningde Times with trading volumes of 11.143 billion yuan, 10.910 billion yuan, and 9.047 billion yuan respectively [5]. Specific Events - The launch of the Yarlung Tsangpo River downstream hydropower project, with a total investment of approximately 1.2 trillion yuan, has sparked a rally in related stocks [9]. - An unusual trading incident occurred with Dongfang Electric, where a transaction at an inflated price led to a temporary spike of over 700% in its stock price before stabilizing [11][12]. Foreign Investment Sentiment - Foreign institutional investors are increasingly optimistic about Chinese core assets, with a focus on sectors such as domestic consumption and technology [14][15]. - Recent engagements with foreign sovereign funds and large asset management firms indicate a positive outlook on A-shares, with a shift in interest towards Hong Kong markets as a financial hub [14].

Market Overview - A-shares experienced a collective rise on July 21, with the Shanghai Composite Index increasing by 0.72%, reaching a new high for the year [1] - The Shenzhen Component Index rose by 0.86%, surpassing the 11,000-point mark, while the ChiNext Index increased by 0.87% [1][2] - The total trading volume in the Shanghai and Shenzhen markets was 1.7 trillion yuan, an increase of 128.9 billion yuan compared to the previous trading day [2] Sector Performance - The hydropower concept stocks surged, with the sector rising by 12.52%, while traditional infrastructure sectors like cement and machinery also showed strong gains [4][5] - Notable stocks in the infrastructure sector included China Power Construction and others, which hit the daily limit [5] Capital Flow - Main capital inflows were observed in sectors such as electric grid equipment, securities, and non-ferrous metals, while there were outflows from the computer, banking, and telecommunications sectors [8] - Specific stocks that saw significant net inflows included CATL, Zhongji Xuchuang, and Huaxin, with inflows of 1.168 billion yuan, 873 million yuan, and 813 million yuan respectively [9] - Conversely, stocks like Dongfang Caifu, WuXi AppTec, and Sifang Jingchuang faced net outflows of 1.060 billion yuan, 783 million yuan, and 747 million yuan respectively [10] Analyst Insights - According to Boshing Securities, the human-shaped robot sector is experiencing low capital activity, facing pressure from previous resistance levels [11] - Galaxy Securities suggests that the market is likely to maintain a volatile pattern in the short term, with limited downside adjustment space and clearer upward logic as the market's profitability effect boosts investor sentiment [11]

Market Overview - The market showed strong fluctuations throughout the day, with both the Shanghai Composite Index and the ChiNext Index reaching new highs for the year. The total trading volume was 1.73 trillion [1] - The infrastructure sector experienced a collective surge, particularly in the super hydropower direction, with stocks like China Power Construction and China Energy Engineering hitting the daily limit [1] - The robotics concept stocks became active again, with companies such as Upwind New Materials and Jinfa Technology also reaching the daily limit [1] Daily Highlights Yarlung Zangbo River Hydropower Project - Stocks related to the Yarlung Zangbo River hydropower project saw a significant increase, with over ten stocks, including China Power Construction and China Energy Engineering, hitting the daily limit. The project officially commenced on September 19, as announced by Premier Li Qiang [3] - The total investment for the Yarlung Zangbo River downstream hydropower project is approximately 1.2 trillion [5] Robotics Sector - The robotics sector saw a resurgence, with Upwind New Materials achieving a six-day consecutive limit-up, and other companies like Jinfa Technology and Wolong Electric Drive also reaching the daily limit [6] - Yushutech has initiated its listing guidance with CITIC Securities as the advisory institution, and it recently won a significant procurement order for robot equipment worth 90.51 million from a subsidiary of China Mobile [7] Pharmaceutical Sector - The pharmaceutical sector remained active, with stocks like Asia-Pacific Pharmaceutical and Anli Kang hitting the daily limit. The sector is expected to benefit from recent advancements in innovative drug development [10] - The report highlights the potential of small nucleic acid drugs, which offer significant advantages in precision targeting and production efficiency, potentially revolutionizing drug development [11] Industry Insights - The Yarlung Zangbo River hydropower project is expected to enhance hydropower generation, boost local economies, and promote the development of clean energy industries. It involves multiple sectors, including civil engineering, machinery, and energy conversion, indicating a promising growth opportunity for related industries [5] - The robotics industry is projected to experience rapid growth, with Yushutech expected to capture a significant market share in the global robotics market, particularly in humanoid robots and robotic dogs [9] - The pharmaceutical industry is witnessing a shift towards innovative drug development, with a focus on domestic products gaining traction in international markets, supported by favorable policy adjustments [12]

Core Viewpoint - The market experienced a significant bullish trend, with over 4,000 companies rising, largely influenced by the news of NVIDIA's CEO Huang Renxun's interview on CCTV, which highlighted collaborations with Xiaomi [1][3][6]. Market Performance - On July 21, the market showed strong performance, with the Shanghai Composite Index rising by 0.72%, the Shenzhen Component Index by 0.86%, and the ChiNext Index by 0.87%, all reaching new highs for the year [7]. - A total of 4,005 stocks increased in value, with 129 stocks hitting the daily limit up, while 1,291 stocks declined [8][9]. Key Stock Movements - The construction and infrastructure sectors saw a collective surge, particularly following the announcement of the Yarlung Tsangpo River hydropower project, which has a total investment of approximately 1.2 trillion yuan and a planned capacity of 70 to 81 million kilowatts [9]. - Notable stocks that surged included China Power Construction and China Energy Construction, both of which hit the daily limit up [9]. Specific Stock Highlights - Several stocks in the construction and engineering sectors showed significant gains, with companies like Wuxin Tunnel Equipment and Jikang Technology seeing increases of 29.99% and 66.62%, respectively [10]. - In the medical sector, stocks such as Asia-Pacific Pharmaceutical and Aonlikang also reached their daily limit up, reflecting strong investor interest [12][13]. Conclusion - The overall market sentiment is bullish, driven by significant news events and sector-specific developments, particularly in technology and infrastructure, indicating potential investment opportunities in these areas [1][3][9].

Market Overview - The total trading volume in the Shanghai and Shenzhen markets reached 1.7 trillion yuan, an increase of 128.9 billion yuan compared to the previous trading day [1][2] - All three major indices in A-shares rose, with the Shanghai Composite Index increasing by 0.72% to a new yearly high, the Shenzhen Component Index rising by 0.86% to surpass the 11,000-point mark, and the ChiNext Index gaining 0.87% [1][2] Sector Performance - The hydropower concept stocks experienced a significant surge, while traditional infrastructure sectors such as cement and machinery also showed strong upward momentum [4] - The construction sector saw a remarkable increase of 45.13%, with 21 stocks hitting the daily limit [5] Individual Stock Highlights - Major infrastructure stocks like China Power Construction, High Hope International, and Poly United saw their shares hit the daily limit [6] - In the robotics sector, stocks such as Aowei Technology, Jinfeng Technology, and Xuelong Group also had over 20 stocks hitting the daily limit [6] Capital Flow - Main capital inflows were observed in sectors like electric grid equipment, securities, and non-ferrous metals, while there were net outflows from the computer, banking, and telecommunications sectors [7] - Notable net inflows included 1.168 billion yuan into CATL, 873 million yuan into Zhongji Xuchuang, and 813 million yuan into Huaxin [8] - Conversely, net outflows were seen in Dongfang Wealth, WuXi AppTec, and Sifang Jingchuang, with outflows of 1.060 billion yuan, 783 million yuan, and 747 million yuan respectively [9] Institutional Insights - Boshi Securities noted that the human-shaped robot sector has low capital activity, and the rebound faces pressure from previous dense levels [10] - Guotai Junan highlighted that the overall economic fundamentals are improving, with dual policy support for the market, and structural capital flow towards sectors benefiting from performance and policy [10] - Galaxy Securities suggested that the market is likely to maintain a volatile pattern in the short term, with limited downside adjustment space and clearer upward logic [10]

展望后市，银河证券表示，A股运行中枢有望迈上新台阶。 从个股看，两市上涨4005家，下跌1291家，120家涨幅持平，共131股涨停，共6股跌停。 截至收盘，两市双双走高，沪指涨0.72%报3559.79点，成交7309亿元；深成指涨0.86%报11007.49点， 成交9588亿元。创业板指上涨0.87%，报2296.88点。 资金动向 今日市场放量走高，沪指走出4连阳，两市成交额突破1.7万亿创近期新高。值得关注的是，雅下水电概 念横空出世引爆市场。据券商中国报道，有分析人士认为，此举不仅带动水电板块，亦会带动西藏地区 的经济发展，并带动全国就业，与此同时，对有色、钢铁等行业也带来支撑。对于经济和市场情绪皆构 成利好。 具体到盘面上，受到相关消息提振，雅下水电概念引爆市场，民爆、工程机械、水利、水泥建材、新型 城镇化、电网设备、西藏等相关板块暴涨，中国电建、中国能建两大龙头股罕见双双"一字"涨停，西藏 天路等几十股涨停；机器人概念反复活跃，人气股上纬新材斩获9连板，刷新A股"20cm"连板纪录，区 间累计涨逾416%；此外，有色金属、钢铁、军工、创新药等板块均有所表现。下跌方面，银行、保险 等大金融板块继 ...

Core Viewpoint - The A-share market experienced a strong performance with both the Shanghai Composite Index and the ChiNext Index reaching new highs for the year, driven by significant trading volume and a focus on infrastructure-related stocks [1][2]. Market Performance - The Shanghai Composite Index rose by 0.72%, the Shenzhen Component Index increased by 0.86%, and the ChiNext Index gained 0.87% by the end of the trading day [2]. - The total trading volume for the Shanghai and Shenzhen markets reached 1.7 trillion yuan, an increase of 128.9 billion yuan compared to the previous trading day [1]. Sector Analysis - The market saw a concentration of activity in the large infrastructure sector, with over 4,000 stocks rising and more than 100 stocks hitting the daily limit up [1]. - Key sectors that performed well included cement, building materials, steel, and ultra-high voltage, with companies like Conch Cement experiencing significant gains [1]. - Other active sectors included the ultra-high voltage and power grid concepts, with stocks like Guodian Nanzi also hitting the daily limit up [1]. - The robotics sector maintained strong momentum, exemplified by Changsheng Bearing's 20% limit up [1]. - Conversely, sectors such as cross-border payments, banking, AI, and photolithography faced declines [1].

【导读】全市场近百股涨停，大基建板块爆发 中国基金报记者 晨曦 大家好！周一 " 开门红 " ，来一起关注上午的市场行情和最新资讯 ～ 7 月 21 日， A 股市场窄幅震荡。截至午间收盘，上证指数涨 0.44% ，深证成指涨 0.29% ，创业板指涨 0.12% 。 | annon 3549.89 | 10945 76 " " | 2279.83 | was with | | --- | --- | --- | --- | | 上证指数 +0.44% | 深证成指 +0.29% | 创业板指 +0.12% | | 盘面上，大基建板块全面爆发，建材、钢铁、建筑、工程机械等板块集体走高，水利水电建 设、水泥制造、西部大基建、稀土、 宇树 机器人等概念股火热；光模块、稳定币、光刻机、 AI 算力等概念股回调。 全市场半日成交额为 1.1 万亿元，较上日略有放量，其中 3539 只个股上涨， 99 只个股涨 停， 1732 只个股下跌。 港股市场早间高开，午前涨幅有所回落。截至午间收盘，恒生指数涨 0.28% ，恒生科技指数 涨 0.32% ，恒生国企指数涨 0.14% 。美团涨 2.75% ，领涨恒生科技指数 成 ...

新华财经北京7月21日电（王媛媛）市场早盘延续升势，三大指数小幅上涨，沪指领涨。截至午间收 盘，沪指报3549.89点，涨0.44%，成交4711亿元；深证成指报10945.76点，涨0.29%，成交6147亿元； 创业板指报2279.83点，涨0.12%，成交2816亿元。 板块方面，超级水电、钢铁、特高压、化肥等板块涨幅居前，CPO、跨境支付、保险、银行等板块跌幅 居前。 盘面热点 盘面上，大基建板块集体爆发，超级水电方向领涨，中国电建、中国能建等十余股涨停；钢铁板块延续 强势，柳钢股份涨停；化工板块走强，新安股份涨停；机器人概念延续强势，长盛轴承涨超10%；下跌 方面，算力硬件股展开调整，欧陆通跌超5%。 个股涨多跌少，全市场超3500家个股上涨。 机构观点 消息面上 易方达基金张坤最新持仓曝光 易方达基金发布旗下基金二季报，张坤管理的规模最大的易方达蓝筹精选在二季度股票仓位基本稳定， 并调整了消费和科技等行业的结构。个股方面，仍然持有商业模式出色、行业格局清晰、竞争力强的优 质公司。他表示，低估值叠加可观的股东回报的保护，对长期投资者来说是很有吸引力的。具体来看， 截至二季度末，易方达蓝筹精选的前十大 ...

Core Viewpoint - The A-share market continues to rise, with major indices showing slight increases and significant trading volume, indicating a positive market sentiment and active participation from investors [1] Market Performance - The Shanghai and Shenzhen markets recorded a half-day trading volume of 1.09 trillion, an increase of 70.8 billion compared to the previous trading day [1] - The overall market saw over 3,500 stocks rising, reflecting a broad-based rally [1] Sector Analysis - The infrastructure sector experienced a collective surge, particularly in the super hydropower segment, with companies like China Power Construction and China Energy Construction hitting the daily limit [1] - The steel sector maintained its strong performance, with Liugang Co. also reaching the daily limit [1] - The chemical sector showed strength, with Xin'an Chemical hitting the daily limit [1] - The robotics concept continued to perform well, with Changsheng Bearing rising over 10% [1] - In contrast, the computing hardware sector faced adjustments, with Oulutong dropping over 5% [1] Index Performance - By the end of the trading session, the Shanghai Composite Index rose by 0.44%, the Shenzhen Component Index increased by 0.29%, and the ChiNext Index saw a rise of 0.12% [1]