Core Viewpoint - The article discusses the performance of the Shanghai Composite Index and the Hang Seng Index on July 31, highlighting a decline in both indices, along with specific details about the pricing and premium of Guangshen Railway's A and H shares [1][2]. Group 1: Market Performance - On July 31, the Shanghai Composite Index fell by 1.18%, closing at 3573.21 points [1] - The Hang Seng Index decreased by 1.6%, ending at 24773.33 points [1] Group 2: Guangshen Railway Overview - Guangshen Railway Company, established on March 6, 1996, is the only railway transportation enterprise listed in Shanghai, Hong Kong, and New York [1] - The company primarily operates passenger and freight transport services along the Shenzhen-Guangzhou-Pingshi railway segment and collaborates with Hong Kong Railway Company for direct passenger train services [1] Group 3: Stock Performance - Guangshen Railway's A shares closed at 2.97 yuan, down by 2.3%, while its H shares closed at 1.96 HKD, decreasing by 3.45% [1] - The A/H premium for Guangshen Railway reached 65.37%, ranking it 58th among AH shares in terms of premium rate [1]

7月31日，上证指数跌1.18%，收报3573.21点，恒生指数跌1.6%，收报24773.33点。 中原证券AH溢价达74.85%，位居AH股溢价率第48位。当日收盘，中原证券A股报4.39元，跌幅 2.23%，H股报2.74港元，下跌4.86%。 本文源自：金融界 作者：行情君 资料显示，中原证券股份有限公司成立于2002年11月8日,是注册地在河南的法人证券公司和全省资本市 场发展的重要载体,也是全国140多家证券公司中第8家同时在香港和境内主板上市的券商之一。2014年6 月成功实现了在香港上市(H股简称:中州证券,股票代码:01375.HK),2017年1月在上海证券交易所主板上 市(A股代码:601375)。中原证券已成为一家以研究为先导、投资银行、投资业务、财富管理、资产管理 等各项业务在内的综合类券商,保荐企业上市数量和过会率2021年底排在全行业第9位,上海债券自营投资 近年来持续保持较好水平。 *注：AH股是指同时在A股和港股上市的公司，溢价（A/H）越大，说明H股相比A股越便宜。 ...

Core Points - The Shanghai Composite Index fell by 1.18% to close at 3573.21 points, while the Hang Seng Index dropped by 1.6% to 24773.33 points [1] - China Galaxy Securities Co., Ltd. has an AH premium of 76.75%, ranking 45th among AH shares [1] - At the close, China Galaxy's A-shares were priced at 17.2 yuan, down 2.88%, and H-shares at 10.62 HKD, down 5.35% [1] Company Overview - China Galaxy Securities is a leading comprehensive financial service provider in China's securities industry, known for its historical, brand, and shareholder advantages [1] - The company ranks among the top in the industry in terms of capital scale, profitability, business strength, and risk management capabilities [1] - It offers a wide range of financial services including wealth management, investment banking, institutional business, international business, and investment trading to individual, corporate, institutional, international, and capital market clients [1]

7月29日，上证指数涨0.33%，收报3609.71点，恒生指数跌0.15%，收报25524.45点。 本文源自：金融界 作者：行情君 资料显示，浙江世宝股份有限公司创建于1984年。自成立以来,公司一直致力于汽车转向系统产品的研 发、制造和销售。2009年被中国汽车工业协会认定为"中国汽车零部件转向器行业龙头企业",是中国转 向器标准制定的主要参与者,连续多年被评为"全国百家优秀汽车零部件供应商"。公司坚持"求实创 新"的经营理念,不断引进先进技术和生产检测设备,聚集国内外专家、技术人才和管理精英。推行精益生 产管理模式,以领先的技术和精湛的工艺,为国内外客户提供优质的产品和优良的服务。努力将"世宝"发 展成为汽车转向系统的国际优秀品牌,成为全球众多知名汽车制造商长期可信赖的合作伙伴。 *注：AH股是指同时在A股和港股上市的公司，溢价（A/H）越大，说明H股相比A股越便宜。 浙江世宝AH溢价达162.98%，位居AH股溢价率第七位。当日收盘，浙江世宝A股报12.79元，跌幅 0.47%，H股报5.32港元，下跌1.48%。 ...

资料显示，中石化石油工程技术服务股份有限公司(简称SSC)是中国石化集团公司控股的中国大型的综 合油气工程与技术服务专业公司。拥有超过60年的经营业绩和丰富的项目执行经验,是中国一体化全产 业链油服领先者。2012年6月28日,中国石化集团公司实施石油工程专业化整合重组,将胜利油田、中原油 田、江汉油田、江苏油田、河南油田、华北石油局、西南石油局、华东石油局8家油田企业的石油工程 业务整体剥离,与集团公司总部石油工程管理部及国际石油工程公司、上海海洋石油局整合,成立中石化 石油工程技术服务有限公司。2014年,公司利用仪征化纤上市平台在上海、香港两地同步上市。股票代 码SH600871,HK1033,简称石化油服。 7月29日，上证指数涨0.33%，收报3609.71点，恒生指数跌0.15%，收报25524.45点。 石化油服AH溢价达172.79%，位居AH股溢价率第三位。当日收盘，石化油服A股报2.02元，平盘报收， H股报0.81港元，下跌1.22%。 *注：AH股是指同时在A股和港股上市的公司，溢价（A/H）越大，说明H股相比A股越便宜。 本文源自：金融界 作者：行情君 ...

Group 1 - The core viewpoint of the article highlights the performance of the Shanghai Composite Index and the Hang Seng Index on July 29, with the former rising by 0.33% to close at 3609.71 points and the latter falling by 0.15% to close at 25524.45 points [1] - Fudan Zhangjiang's A/H share premium reached 171.57%, ranking fourth among A/H shares, with A shares closing at 10.75 yuan (up 2.97%) and H shares at 4.33 HKD (up 2.61%) [1] - Shanghai Fudan Zhangjiang Biopharmaceutical Co., Ltd. was established in November 1996 in the Zhangjiang Hi-Tech Park, with notable shareholders including Shanghai Pharmaceuticals Holding Co., Ltd. [1] Group 2 - The company focuses on innovative research, development, production, and sales in the biopharmaceutical sector, aiming to become a leading innovation enterprise centered on intellectual property [1] - Over the years, the company has developed competitive advantages in areas such as gene technology drugs, photodynamic therapy drugs, nanotechnology drugs, and oral solid dosage technology drugs, with new products expected to be launched in the market [1] - The company has undertaken several national key science and technology projects, including the "National Key Technology R&D Program," "National High Technology Research and Development Program (863 Program)," and the "Major New Drug Creation" science and technology major special project [1]

Core Viewpoint - The article highlights the performance of Shanghai Electric Group Co., Ltd., noting its significant A/H share premium and its strategic focus on providing green intelligent system solutions in the energy and industrial sectors [1][2]. Group 1: Stock Performance - On July 29, the Shanghai Composite Index rose by 0.33% to close at 3609.71 points, while the Hang Seng Index fell by 0.15% to 25524.45 points [1]. - Shanghai Electric's A-shares closed at 8.29 yuan, with a gain of 5.61%, while its H-shares closed at 3.41 Hong Kong dollars, increasing by 3.65% [1]. - The A/H share premium for Shanghai Electric reached 165.92%, ranking it sixth among A/H shares in terms of premium rate [1]. Group 2: Company Overview - Shanghai Electric Group Co., Ltd. is recognized as a global leader in providing industrial-grade green intelligent system solutions [1]. - The company adheres to a strategic direction focused on serving national strategies, developing new productive forces, and achieving high-quality development [1]. - Its operations span the entire industrial chain from energy production and transmission to intelligent industrial production and automation systems, contributing to sustainable value creation for a better human life [1].

7月29日，上证指数涨0.33%，收报3609.71点，恒生指数跌0.15%，收报25524.45点。 本文源自：金融界 作者：行情君 *注：AH股是指同时在A股和港股上市的公司，溢价（A/H）越大，说明H股相比A股越便宜。 弘业期货AH溢价达193.64%，位居AH股溢价率第一位。当日收盘，弘业期货A股报12.59元，跌幅 0.4%，H股报4.69港元，下跌1.26%。 资料显示，苏豪弘业期货股份有限公司成立于1995年,隶属于江苏省国资委全资拥有的国有企业江苏省 苏豪控股集团有限公司。公司经营范围涵盖商品期货经纪、金融期货经纪、期货投资咨询、资产管理、 基金销售业务。在北、上、广、深等国内主要金融中心和重点城市设立38家分支机构,数量位居全国前 列,并在行业内率先建立国家级博士后工作站;全资子公司弘业国际金融主要从事境外证券及期货交易、 资产管理、投资咨询等服务,覆盖全球大型证券期货交易所;全资风险管理子公司弘业资本主要从事大宗 商品交易及风险管理业务,是多个期货品种的做市商。公司先后荣获"全国文明单位""中国最佳期货公 司"以及各期货交易所"优秀会员"等荣誉称号。 ...

Group 1: Southbound Capital Flow - Southbound capital has significantly increased, with a net purchase of HKD 201.84 billion on a single day, bringing the total net purchase for the year to HKD 8200.28 billion, surpassing last year's total of HKD 8079 billion, marking a historical high for the same period [1][2] - The southbound capital has been the strongest inflow into Hong Kong stocks this year, marking the 25th consecutive month of net purchases [3] Group 2: Bond Market Dynamics - The bond market is facing redemption pressure, with nearly HKD 1000 billion redeemed in a single day, the largest since January's market correction [7] - The yield on ten-year government bonds has risen from 1.66% to 1.75%, indicating a trend of increasing interest rates [7] - Insurance institutions have reduced their holdings in government bonds for three consecutive months, with reductions of HKD 89 million, HKD 74 million, and HKD 12 million in April, May, and June respectively [7] Group 3: Equity Fund Trends - The total scale of public funds in China reached a record high of CNY 34.39 trillion by the end of June, with mixed funds showing signs of recovery after a period of decline [11] - Mixed funds saw an increase of CNY 121.3 billion in scale, reaching CNY 3.68 trillion, with a slight increase in shares [11][13] - The issuance of new mixed funds in June was significant, with 155 new funds launched, totaling 122.12 billion shares [11][13] Group 4: Money Market Fund Performance - Money market funds experienced a decline in both scale and shares in June, with reductions of CNY 167.5 billion and 164.5 billion shares respectively [15] - The yield on the largest money market fund, Yu'e Bao, has decreased from 1.58% in February to 1.09%, nearing a drop below 1% [15]

Core Insights - Southbound funds have net purchased approximately 797.4 billion HKD in Hong Kong stocks this year, nearing last year's total net purchase of about 808 billion HKD [1] - The Hang Seng Index has risen over 25% this year, ranking among the top performers in major Asian stock markets, second only to the South Korean market [1] - Continuous capital inflow has further reduced the premium level of A-shares over Hong Kong stocks, with the latest Hang Seng-Hushen Connect AH Share Premium Index dropping to a five-year low [1]