Core Viewpoint - The 80th anniversary of the victory in the Chinese People's Anti-Japanese War and the World Anti-Fascist War will be marked by a grand military parade, showcasing China's military technology and strategic deterrence capabilities, indicating a sustained high demand in the military industry [1][2]. Group 1: Military Parade Highlights - The military parade will feature a combination of foot formations, equipment formations, and aerial teams, demonstrating the restructured military capabilities and the integration of various armed forces [1]. - The parade will include new-generation traditional weaponry alongside advanced combat forces such as unmanned systems, underwater operations, cyber warfare, and hypersonic technologies, all of which are domestically produced [2]. - Key characteristics of the displayed weaponry include systematic selection from various military branches, comprehensive coverage of military capabilities, and a focus on practical combat scenarios [2]. Group 2: Industry Outlook - The military industry is expected to maintain a high level of demand due to increasing tensions in the Asia-Pacific region and the necessity for enhanced national defense investments [3]. - The goal of achieving a modernized weaponry system by 2027 will drive the acceleration of reforms and innovations within the military sector, particularly in phasing out outdated equipment [3]. - Future military spending is likely to focus more on aerospace and aviation sectors, given the existing gaps in capabilities compared to the U.S. [3].

Group 1 - The CN5082 Aerospace and Defense Index has seen a strong increase of 3.83% as of June 30, 2025, with notable gains in constituent stocks such as Changcheng Military Industry (10.00%), Guorui Technology (8.73%), and Inner Mongolia First Machinery (7.96%) [3] - The Aerospace ETF Tianhong (159241) has risen by 3.87%, marking its fourth consecutive increase, with a latest price of 1.13 yuan and a weekly cumulative increase of 6.69% as of June 27, 2025 [3] - The trading activity for the Aerospace ETF Tianhong has been active, with a turnover rate of 12.35% and a transaction volume of 29.34 million yuan, alongside an average daily transaction volume of 44.49 million yuan over the past week [3] Group 2 - The upcoming military parade on September 3, 2025, in Beijing will showcase the new military structure and equipment of the Chinese armed forces, highlighting advancements in joint command and operational capabilities [4] - NATO member countries have reached a consensus to increase military spending to 5% of GDP by 2035, with a mid-term assessment planned for 2029, reflecting the geopolitical pressures faced by these nations [4] Group 3 - The 55th Paris Air Show featured the J-35A's overseas debut alongside other advanced military aircraft, indicating China's efforts to expand its aerospace market internationally [5] - Global military expenditure is projected to reach $2.72 trillion in 2024, marking a 37% increase over the past decade, with Europe, the Middle East, and Asia being the primary growth regions [5] - The military industry is expected to see a turning point in orders as new technologies and products emerge, particularly in the aerospace sector, which is heavily focused on enhancing equipment performance and reducing costs [5]

Core Viewpoint - The military industry sector in Hong Kong and A-shares is experiencing significant growth, driven by the anticipation of a military parade on September 3, commemorating the 80th anniversary of the victory in the Anti-Japanese War, which is expected to enhance market attention and boost valuations in the military sector [6][7]. Group 1: Market Performance - The military sector in the Hong Kong stock market has seen substantial gains, with Aerospace Holdings rising over 6% and China Shipbuilding Defense increasing over 5% [2][3]. - In the A-share market, various sub-sectors such as military equipment, military information technology, and military electronics have also performed strongly, with companies like Zhongke Haixun and Guorui Technology hitting the daily limit up [3][4]. Group 2: Upcoming Events - The military parade on September 3 is expected to showcase all domestically produced main battle equipment, highlighting China's defense technology and weaponry development capabilities [6][7]. - Historical trends indicate that major military parades often act as catalysts for the military stock market, enhancing public awareness and reinforcing national defense security consensus [6][7]. Group 3: Global Military Trade and Demand - The global military trade market is projected to reach $111.6 billion in 2024, with a year-on-year growth of 15.2%, where the U.S. holds a 37.9% market share and China accounts for approximately $3.22 billion (around 220 billion RMB) [10]. - The ongoing geopolitical tensions are accelerating global military trade demand, with expectations that China's military equipment market share could reach 15-20% by 2030, translating to a market demand of approximately 1500-2000 billion RMB annually [10][11]. Group 4: Future Outlook - The military industry is expected to maintain high growth due to robust order backlogs and accelerated production schedules, with the upcoming 14th Five-Year Plan likely to further stimulate development [7][11]. - Increased global military spending, driven by geopolitical uncertainties, is anticipated to sustain demand in the military sector, benefiting upstream materials such as titanium alloys and tungsten [11].

Group 1: Institutional Trading Insights - On the institutional trading leaderboard, 23 stocks were listed, with 12 experiencing net buying and 11 facing net selling [1] - The top three stocks with the highest net buying by institutions were: Yuyin Co., Ltd. (CNY 76.91 million), Hainan Huatie (CNY 76.42 million), and Dazhihui (CNY 65.62 million) [1][2] Group 2: Hainan Huatie's Strategic Involvement - Hainan Huatie has become a co-organizer of the "WCS·2025 RWA Industry Conference," focusing on the digitalization of real-world assets (RWA) [2] - The conference aims to promote technological innovation, industry integration, and globalization practices, facilitating the deep integration of Web3 with the traditional economy [2] Group 3: RWA Industry Developments - The RWA sector is gaining traction, with companies like Jingbeifang and Chutianlong actively participating in blockchain and digital currency infrastructure [5] - RWA is seen as a bridge between real-world assets and Web3.0, enabling the transformation of tangible and intangible assets into digital tokens on the blockchain [5]

Market Overview - The three major indices in the A-share market rose over 1%, with the Shanghai Composite Index surpassing 3400 points and the ChiNext Index increasing by over 2% [1][3] - The trading volume in the A-share market exceeded 1.4 trillion yuan, indicating a significant increase in market activity [1][3] Geopolitical Impact - The announcement of a ceasefire between Iran and Israel has reduced expectations for further escalation of conflict, leading to an increase in global risk appetite [1][3] - The upcoming 80th anniversary military parade in China on September 3 is expected to showcase domestically produced military equipment, highlighting advancements in national defense and technology autonomy [2][3] Economic Indicators - China's economic growth remains stable, with strong consumer growth despite a slowdown in investment and industrial production [1][2] - The market is expected to experience fluctuations, with a preference for technology and dividend stocks in investment strategies [1][3] Market Performance - On June 24, the A-share market saw significant gains, with the Shanghai Composite Index closing at 3420.57 points, up 1.15%, and the ChiNext Index closing at 2064.13 points, up 2.30% [4] - Among the sectors, power equipment, non-bank financials, and retail saw the highest gains, while oil and coal sectors experienced declines [4] Fund Flow - The market turnover reached 14,483.99 billion yuan, showing an increase from the previous trading day [5] - The margin trading balance reported at 18,169.01 billion yuan, also reflecting an upward trend [5]

Core Viewpoint - The article discusses the upcoming military parade in Beijing on September 3, commemorating the 80th anniversary of the victory in the Chinese People's War of Resistance against Japanese Aggression and the World Anti-Fascist War, highlighting the display of both traditional and new military capabilities [1][5]. Group 1: Military Parade Overview - The parade will consist of foot formations, equipment formations, and aerial teams, showcasing a well-organized representation of the People's Liberation Army and armed police forces [3]. - The event will feature a mix of traditional main battle forces and new domain capabilities, including unmanned systems, underwater operations, cyber warfare, and hypersonic technologies, reflecting the military's adaptation to technological advancements and evolving warfare [5]. Group 2: Specific Highlights - The foot formations will emphasize the new structure of military branches post-reform and the combined capabilities of armed forces [6]. - The equipment formations will demonstrate the latest achievements in military equipment development, showcasing a new model of joint command, action, and support, highlighting China's independent innovation in weaponry [6]. - The aerial teams will illustrate the systematic level of air combat forces and their rapidly improving advanced combat capabilities [6].

Group 1 - The article highlights the upcoming commemoration event for the 80th anniversary of the victory in the Chinese People's War of Resistance against Japanese Aggression and the World Anti-Fascist War, scheduled for September 3 at Tiananmen Square [1] - The event will feature a military parade showcasing all domestically produced active main battle equipment, including traditional weaponry and new types of combat forces such as unmanned intelligence, underwater operations, cyber-electronic offense and defense, and hypersonic capabilities [1]

Group 1 - The military parade consists of foot formations, equipment formations, and aerial formations, showcasing the organized strength of the People's Liberation Army and the Armed Police [1] - The parade features both traditional main battle forces and new domain capabilities, highlighting the display of domestically produced active combat equipment, including advanced technologies such as unmanned systems, underwater operations, cyber warfare, and hypersonic capabilities [2] - The foot formations emphasize the new military structure and the "three-in-one" composition of armed forces post-reform, while the equipment formations demonstrate the latest achievements in military equipment system construction and the innovative capabilities of domestic weaponry [3] Group 2 - The aerial formations focus on showcasing the systematic level of air combat forces and the rapid enhancement of advanced combat capabilities [3]

Core Viewpoint - The military parade on September 3 showcased both traditional and new combat capabilities, highlighting the advancements in China's military technology and its preparedness for future warfare [1][2]. Group 1: Parade Composition - The parade consisted of foot formations, equipment formations, and aerial formations, with a scientific arrangement of the People's Liberation Army and armed police forces [2]. - The foot formations emphasized the new military structure and the combined capabilities of the armed forces [3]. - The equipment formations demonstrated the latest achievements in military equipment development and showcased China's independent innovation in weaponry [3]. - The aerial formations highlighted the systematic level of air combat forces and their advanced combat capabilities [3]. Group 2: Commemorative Activities - The 80th anniversary of the victory in the Anti-Japanese War will include the issuance of commemorative medals to surviving veterans and their families [4]. - There will be organized activities to honor surviving veterans and their families across various regions [4]. - The parade will invite Kuomintang anti-Japanese veterans to attend as guests [5].

Group 1 - The A-share military equipment sector is experiencing a rebound, with significant gains in stocks such as Construction Industrial reaching a daily limit increase, Inner Mongolia First Machinery Group rising over 7%, and other companies like Fenghuo Electronics, Maixinlin, and Xingwang Yuda also seeing increases [1] - A major military parade is scheduled for September 3 at Tiananmen Square, which will feature new combat forces including unmanned intelligent systems [1]