Market Overview - The market experienced a strong upward trend throughout the day, with all three major indices reaching new closing highs for the year, and the Shanghai Composite Index closing above 3600 points [1] - The total trading volume in the Shanghai and Shenzhen markets was 1.84 trillion, a decrease of 19.9 billion compared to the previous trading day [1] - Over 4300 stocks in the market rose, indicating a broad-based rally [1] Sector Performance - The Hainan Free Trade Zone concept stocks saw a collective surge, with over 20 stocks, including Hainan Airport, hitting the daily limit [1] - Rare earth permanent magnet stocks experienced a significant increase, with Guangsheng Nonferrous Metals hitting the daily limit [1] - Super water power concept stocks rebounded from their lows, with multiple stocks, including China Power Construction, also hitting the daily limit [1] - The leading sectors in terms of gains included Hainan Free Trade Zone, rare earth permanent magnets, lithium mining, and super water power, while sectors such as precious metals, banking, and CPO saw declines [1] Institutional Activity - Institutional participation increased compared to the previous day, with 28 stocks having a net buy/sell amount exceeding 10 million [2] - There were 16 stocks with net buying, including Lu'an Environmental Energy at 397 million, Boyun New Materials at 153 million, and Deepwater Planning Institute at 121 million [2] - The net selling stocks included Huaxin Cement at 248 million, Flantak at 133 million, and Runben Co., Ltd. at 12 million [2]

Market Overview - The A-share market showed a positive trend today, with major indices mostly rising. The Shanghai Composite Index increased by 0.65% to close at 3605.73 points, while the Shenzhen Component rose by 1.21% to 11193.06 points. The Sci-Tech 50 Index and the ChiNext Index also saw gains of 1.17% and 1.50%, closing at 1032.84 points and 2345.37 points respectively [1]. - A total of 4391 stocks rose, while 911 stocks fell, and 113 stocks remained unchanged. The total trading volume in the Shanghai and Shenzhen markets was 18447 billion yuan, a decrease of 198.94 billion yuan compared to the previous trading day [1]. Industry Performance - Among the Shenwan first-level industries, all sectors except for banking, telecommunications, and public utilities experienced gains today. The leading sectors included beauty and personal care, non-ferrous metals, steel, retail, non-bank financials, and social services [1]. - The top-performing concept sectors included Hainan Free Trade Port, selected rare metals, rare earths, rare earth permanent magnets, vaccines, lithium mines, small metals, stock trading software, cobalt mines, duty-free shops, lithium extraction from salt lakes, selected medical services, lithium battery cathodes, and stem cells [1].

Domestic Market Overview - The domestic market experienced a steady rise, with the Shanghai Composite Index closing at 3534.48 points, up by 0.5%, and the Shenzhen Component Index closing at 10913.84 points, up by 0.37% [1][10] - A total of 22 out of 30 sectors in the CITIC first-level industry rose, with non-ferrous metals, steel, and basic chemicals leading the gains, while media, comprehensive finance, and electronics saw significant declines [1][10] - The total trading volume of the A-share market reached 15,933 billion yuan, showing a slight increase compared to the previous day [1][10] Overseas Market Overview - The three major U.S. stock indices closed mixed, with the Dow Jones down by 0.32%, the S&P 500 down by 0.01%, and the Nasdaq up by 0.05% [2][10] - Tesla's stock rose over 3%, while 3M and American Express saw declines of more than 3% and 2%, respectively [2][10] - Chinese concept stocks mostly rose, with Hesai Technology increasing by over 8% [2][10] Key News - The opening ceremony for the Yarlung Tsangpo River downstream hydropower project was attended by Li Qiang, marking the commencement of the project [3][12] - A total of 16 central enterprises signed 75 industrial project investment agreements with the Tibet Autonomous Region, amounting to 317.54 billion yuan, focusing on clean energy, green minerals, and infrastructure [11][14] - The third China International Supply Chain Promotion Expo concluded in Beijing, with over 1,200 participating enterprises and institutions, and more than 60,000 cooperation agreements reached [15]

Core Insights - The report highlights the significant growth of China's retail sales, which are approximately 80% of the United States in absolute terms, and exceed the US in terms of purchasing power by 1.6 times according to World Bank data [4] - The establishment of the new state-owned enterprise, China Yajiang Group, with a total investment of about 1.2 trillion yuan, indicates a strong push for infrastructure and industrial development [6] - The report emphasizes the importance of innovation in future industries such as humanoid robots, metaverse, and brain-computer interfaces, as promoted by the Ministry of Industry and Information Technology [6] Industry Updates - The National Export Control Work Coordination Mechanism has initiated a special action to combat the smuggling of strategic minerals, impacting related stocks such as Northern Rare Earth and Dongfang Zuoye [6] - The report notes that the market is experiencing a shift towards value investing, with large-cap stocks showing a trend of upward movement, replacing pure concept speculation [10] - The rare earth sector is leading the market rally, driven by government policies on illegal exports and new mineral discoveries, alongside increased demand for humanoid robots [10] Company Focus - China Unicom is exploring the layout of a 100,000-card computing cluster, aiming for a computing scale of 45 EFLOPS by the end of the year [8] - Betta Pharmaceuticals is advancing its clinical projects targeting the KRAS gene, with plans to submit clinical trial applications soon [8] - Luxshare Precision has commenced construction of its robotics headquarters project in Changshu, with a total investment of 5 billion yuan, expected to achieve an annual output value of 10 billion yuan upon reaching full production [8] - Yinlun Machinery has delivered its liquid cooling system for data centers as scheduled, with expectations for accelerated order acquisition due to high investments in digital energy thermal management [8]

Report Industry Investment Rating - The report predicts that stock index futures will show a moderately strong oscillatory trend [3] Core Viewpoints - On July 18, all current-month contracts of the four major stock index futures rose. IF increased by 0.55%, IH by 0.65%, IC by 0.14%, and IM by 0.15% [1] - On this trading day, the total trading volume of stock index futures rebounded, indicating an increase in investors' trading enthusiasm. Specifically, the total trading volume of IF increased by 8,649 contracts, IH by 13,531 contracts, while IC decreased by 4,511 contracts and IM by 10,644 contracts. In terms of positions, the total positions of IF decreased by 9,992 contracts, IH by 1,084 contracts, IC by 8,166 contracts, and IM by 18,902 contracts [2] Summary by Relevant Catalogs Stock Index Futures Data - **IF Contracts**: The closing prices of IF2507, IF2508, IF2509, and IF2512 were 4,050.6, 4,054, 4,041.8, and 4,005.8 respectively, with increases of 0.55%, 0.89%, 0.91%, and 0.90%. The trading volumes were 16,595, 27,038, 59,958, and 10,689 contracts respectively, with changes of -10,517, +6,124, +10,086, and +2,956 contracts. The positions were 0, 44,062, 157,186, and 51,932 contracts respectively, with changes of -23,303, +7,462, +3,905, and +1,944 contracts [1] - **IH Contracts**: The closing prices of IH2507, IH2508, IH2509, and IH2512 were 2,758.8, 2,768.2, 2,767, and 2,769.2 respectively, with increases of 0.65%, 1.08%, 1.05%, and 1.05%. The trading volumes were 10,204, 15,113, 35,272, and 5,000 contracts respectively, with changes of -1,328, +4,439, +8,696, and +1,724 contracts. The positions were 0, 19,280, 61,598, and 12,583 contracts respectively, with changes of -12,236, +6,015, +4,237, and +900 contracts [1] - **IC Contracts**: The closing prices of IC2507, IC2508, IC2509, and IC2512 were 6,086.2, 6,054, 6,000.8, and 5,872.4 respectively, with increases of 0.14%, 0.48%, 0.48%, and 0.47%. The trading volumes were 15,641, 27,118, 41,183, and 10,563 contracts respectively, with changes of -11,485, +1,873, +2,879, and +2,222 contracts. The positions were 0, 52,897, 104,430, and 58,268 contracts respectively, with changes of -19,812, +7,450, +2,135, and +2,061 contracts [1] - **IM Contracts**: The closing prices of IM2507, IM2508, IM2509, and IM2512 were 6,534.6, 6,490, 6,413.6, and 6,227.4 respectively, with increases of 0.15%, 0.50%, 0.47%, and 0.49%. The trading volumes were 21,453, 36,736, 104,691, and 22,446 contracts respectively, with changes of -14,388, +8,419, -4,685, and +10 contracts. The positions were 0, 60,327, 175,267, and 76,869 contracts respectively, with changes of -28,897, +14,880, -2,201, and +551 contracts [1] Trading and Position Analysis - Total trading volume rebounded, indicating increased trading enthusiasm. IF and IH increased, while IC and IM decreased. Total positions of all decreased [2] Trend Intensity - IF and IH trend intensity is 1; IC and IM trend intensity is 1. The range of trend intensity is an integer in the [-2, 2] interval, with -2 being the most bearish and 2 being the most bullish [6] Important Drivers - Four ministries including the Ministry of Industry and Information Technology deployed work to further standardize the competition order in the new energy vehicle industry, requiring in-depth product price monitoring, product consistency supervision, and shortening the payment period for suppliers. They also strengthened industry self - discipline and抵制 online chaos [6] - The State Administration for Market Regulation约谈ed Ele.me, Meituan, and JD.com, requiring them to standardize promotional activities and promote the healthy development of the catering service industry [6] - A symposium on the situation and policies for private entrepreneurs was held in Beijing, emphasizing that private entrepreneurs should enhance their development confidence and stay in line with the Party Central Committee [6] - The China Iron and Steel Industry Association held a meeting of planning department heads, suggesting strict control of new capacity, establishment of a new capacity governance mechanism, and implementation of crude steel production control [7] Market Performance - The three major stock indexes fluctuated upwards. The Shanghai Composite Index rose 0.5%, the Shenzhen Component Index rose 0.37%, and the ChiNext Index rose 0.34%. A - share trading volume was 1.59 trillion yuan, up from 1.56 trillion yuan the previous day. Concepts such as rare earth permanent magnets, lithium mines, innovative drugs, solid - state batteries, and power stocks performed strongly [7]

Market Overview - On July 18, the Shanghai Composite Index opened high and closed at 3534.48 points, up 0.5%, with a trading volume of 643.63 billion yuan [2] - The Shenzhen Component Index closed at 10913.84 points, up 0.37%, with a trading volume of 927.43 billion yuan [2] - The total trading volume of both markets reached 1571.05 billion yuan, an increase of 31.68 billion yuan compared to the previous trading day [2] Sector Performance - The market saw more sectors rising than falling, with notable gains in non-ferrous metals, chemicals, education, steel, coal, environmental protection, transportation, and pharmaceutical industries [4] - Concepts such as rare earth permanent magnets, lithium mines, automotive dismantling, and small metals showed active performance [4] - The electronic industry experienced the largest net outflow of funds, totaling 6.707 billion yuan, followed by computer and communication sectors [6] Fund Flow Analysis - The net outflow of main funds in the Shanghai and Shenzhen markets was 25.641 billion yuan, with the ChiNext board seeing a net outflow of 12.1 billion yuan [5] - Among 31 primary industries, 10 sectors experienced net inflows, with the non-ferrous metals sector leading at 1.49 billion yuan [6] - A total of 2078 stocks saw net inflows, with 44 stocks receiving over 1 billion yuan in net inflows, including Zhongyou Capital and Ningde Times [8] Individual Stock Performance - The stock with the highest net inflow was Zhongyou Capital, with 1.044 billion yuan, followed by Ningde Times and Maigemi Te with 507 million yuan and 506 million yuan respectively [8] - Conversely, 3059 stocks faced net outflows, with Changshan Beiming experiencing the largest outflow of 1.321 billion yuan [10] - Institutions had a net selling of approximately 427 million yuan, with Lisheng Pharmaceutical being the top net buyer at 63.01 million yuan [11]

Group 1: Market Overview - The A-share market saw an increase with the Shanghai Composite Index rising by 0.5%, Shenzhen Component Index up by 0.37%, and the ChiNext Index increasing by 0.34% as of the close on July 18 [1] - The total trading volume in the A-share market reached 1.59 trillion yuan, showing an increase compared to the previous day [1] - In the Hong Kong market, the Hang Seng Index and Hang Seng Tech Index both rose by over 1%, driven by the performance of heavyweight stocks [1] Group 2: Rare Earth Permanent Magnet Sector - The rare earth permanent magnet sector experienced a strong performance on July 18, with stocks like China Northern Rare Earth Group and Baotou Steel rising significantly [2] - A new rare earth mineral named "Huanghoite-(Nd)" was recently approved, discovered by a research team from China University of Geosciences, highlighting the ongoing exploration and resource diversity in the Bayan Obo mine [2][3] - The discovery of Huanghoite further emphasizes the complexity and resource diversity of the Bayan Obo mine, which is the largest rare earth deposit in the world [3] Group 3: Lithium Sector - The lithium sector saw significant gains, with stocks like Jinyuan Co. and Shengxin Lithium Energy hitting the daily limit [4] - Lithium carbonate futures prices have rebounded sharply, rising from around 58,000 yuan to approximately 70,980 yuan, marking an increase of over 20% since late June [4] - Recent regulatory actions regarding lithium resource development have been noted, including a requirement for certain lithium mines to complete resource verification reports by September 30 [4] Group 4: Innovative Drug Sector - The innovative drug sector has been active, with stocks like Angli Kang hitting the daily limit and reaching new historical highs [5] - The Hong Kong innovative drug sector also saw significant increases, with companies like Lepu Biopharma and Akeso rising by over 20% and 10% respectively [5] - The National Healthcare Security Administration announced a new dual-track system for drug insurance, which aims to integrate high-value innovative drugs into commercial insurance to alleviate pressure on basic medical insurance funds [6]

Market Overview - The A-share market showed a positive trend today, with major indices mostly rising. The Shanghai Composite Index increased by 0.50% to close at 3534.48 points, the Shenzhen Component Index rose by 0.37% to 10913.84 points, and the ChiNext Index gained 0.34% to finish at 2277.15 points. The total trading volume in the Shanghai and Shenzhen markets reached 1571 billion yuan, an increase of 31.7 billion yuan compared to the previous trading day [1][14]. Industry Performance - Among the Shenwan first-level industries, the leading sectors included non-ferrous metals, basic chemicals, steel, coal, and transportation, with respective increases of 2.10%, 1.36%, 1.34%, 0.94%, and 0.90%. Conversely, the media, electronics, light manufacturing, public utilities, and telecommunications sectors experienced declines, with decreases of 0.98%, 0.49%, 0.41%, 0.35%, and 0.31% respectively [1][14]. Concept Sector Performance - The top-performing concept sectors today included rare earths, rare metals, lithium mining, rare earth permanent magnets, and small metals, among others. Notable sectors that experienced pullbacks included marketing communication, dairy, and online gaming [2][11].

Core Viewpoint - The A-share market showed strong performance on July 18, with the ChiNext Index reaching an 8-month high, driven by significant gains in rare earth permanent magnet stocks and other sectors [2][4][3]. Group 1: Market Performance - The A-share market indices rose, with the ChiNext Index breaking its February high, reaching 2296.91 points, marking the highest level in 8 months [4]. - The overall market saw strong gains in sectors such as non-ferrous metals, steel, coal, and basic chemicals, while public utilities, media, and light manufacturing sectors experienced declines [4]. Group 2: Rare Earth Sector - The rare earth permanent magnet concept surged, with stocks like Jiu Wu High-Tech and Northern Rare Earth hitting the daily limit, reflecting strong investor interest [4][7]. - A new rare earth mineral named "Ned Yellow River" was discovered, which has been approved by the International Mineralogical Association, potentially boosting the sector's profile [7]. - Several rare earth companies reported significant profit increases, with Huahong Technology expecting a net profit growth of 3047% to 3722% year-on-year for the first half of the year, and Northern Rare Earth projecting a growth of 1883% to 2015% [7]. Group 3: Individual Stock Highlights - The stock of Shangwei New Materials hit the daily limit for the eighth consecutive trading day, with a cumulative increase of 330.21% since July [9][11]. - The company announced a significant share transfer agreement that could change its controlling shareholder, pending approval from the shareholders' meeting and regulatory bodies [11][12]. - Haixing Co. also saw its stock hit the limit for the third consecutive trading day, indicating strong market interest [14].

Group 1 - The A-share market showed strong performance on July 18, with the ChiNext Index reaching a new high not seen in nearly eight months, peaking at 2296.91 points, surpassing the February high of this year [2][4] - The rare earth permanent magnet concept stocks surged, with companies like Jiu Wu Gao Ke and Huahong Technology hitting the daily limit, while Northern Rare Earth and Baogang Group also saw significant gains [4][8] - Notably, the stock of Shangwei New Materials achieved a cumulative increase of 330.21% since July, marking its eighth consecutive trading day of hitting the daily limit [10][12] Group 2 - A new rare earth mineral named "Ned Yellow River Mineral" was discovered in Inner Mongolia, receiving full approval from the International Mineralogical Association for naming and classification [8] - Several rare earth permanent magnet companies reported substantial profit growth in their mid-year results, with Huahong Technology expecting a net profit increase of 3047% to 3722% year-on-year, and Northern Rare Earth projecting a growth of 1883% to 2015% [8] - The National Security Department announced that rare earth items have dual-use attributes and are strategic resources, implementing export controls to safeguard national security [8]