早间迎多重重磅消息，中国央行宣布降息降准、优化两项支持资本市场的货币政策工具，商务部称中方决定同意与美方进行接触。 今日开盘，港A股主要指数集体高开，不过随后有所回落。 A股方面，截止发稿，沪指涨0.67%，深证成指涨0.32%，创业板指涨0.61%。全市场超3000只个股上涨，多元金融、证券、房地产、航天军工等行业板块表 现亮眼。 | 名称 | | 最新价 | 涨跌额 | 涨跌幅 | | --- | --- | --- | --- | --- | | 上证指数 | | 3338.20 | +22.09 | +0.67% | | 000001 | W | | | | | 深证成指 | | 10114.99 | +32.66 | +0.32% | | 399001 | W | | | | | 创业板指 | | 1998.47 | +12.06 | +0.61% | | 399006 | W | | | cinel | 港股方面，截止发稿，恒生指数、国企指数、恒生科技指数均涨逾1%。， | 名称 | 最新价 | 涨跌额 | 涨跌幅 | | --- | --- | --- | --- | | 恒生指数 | 2298 ...

Group 1 - The China Securities 500 Quality Growth Index (930939) has shown a slight increase of 0.22% as of April 30, 2025, with notable gains in constituent stocks such as Amlogic (688099) up 4.29% and Anker Innovations (300866) up 3.80% [1] - The 500 Quality Growth ETF (560500) has also risen by 0.22%, with the latest price reported at 0.92 yuan, and a significant increase in shares by 5 million this month, ranking it in the top third among comparable funds [1] - Huaxi Securities highlights the role of the Chinese version of the stabilization fund in supporting the A-share market, emphasizing a higher positioning for "stabilizing and activating the stock market" compared to previous times [1] Group 2 - The 500 Quality Growth ETF closely tracks the China Securities 500 Quality Growth Index, which selects 100 companies with high profitability, sustainable earnings, and strong cash flow from the broader 500 Index [2] - As of March 31, 2025, the top ten weighted stocks in the index include Chifeng Jilong Gold Mining (600988) and Ninebot (689009), with the top ten stocks accounting for a total weight of 24.26% [2]

Core Viewpoint - The upcoming political bureau meeting at the end of April is expected to adopt a more proactive and expansive policy stance, focusing on stabilizing expectations, growth, foreign trade, employment, stock market, and real estate, while also introducing new incremental policies [1][5][9]. Economic Outlook - The economic situation is anticipated to be acknowledged as stable with a good start in Q1, but challenges will be highlighted, particularly the complex external environment and insufficient domestic demand growth [3][5]. - The GDP growth rate for Q1 is reported at 5.4%, but indicators like CPI and PPI suggest weak demand characteristics remain unchanged, necessitating policy adjustments [5][9]. Policy Direction - The policy tone is expected to be more aggressive and expansive, with a focus on "real money" measures to stabilize various economic sectors [5][9]. - There is an emphasis on implementing existing policies while also introducing new measures to address external uncertainties [5][9]. Key Focus Areas - Specific areas of focus include central leverage, stabilizing foreign trade and employment, expanding domestic demand, promoting consumption, stabilizing the stock market and real estate, and enhancing industrial reform [9][10]. - Potential measures may include interest rate cuts, increased fiscal stimulus, and adjustments to the use of funds for existing policies [9][12]. Trade and Employment - The government is expected to emphasize support for foreign trade enterprises and employment, with significant backing for transitioning exports to domestic sales [11][15]. - The stock market may see increased support, with actions from central financial institutions to stabilize market confidence [11][15]. Infrastructure and Reform - More infrastructure projects are likely to be launched, focusing on urban renewal and water conservancy [12]. - Long-term reform efforts will continue, with attention to national market unification and state-owned enterprise reforms [12][13]. Recent Developments - Recent government actions include high-level visits to Southeast Asian countries to strengthen cooperation, and responses to increased tariffs from the U.S. [13][14]. - The government is actively supporting the transition of foreign trade enterprises to domestic markets through various platforms and initiatives [15][16].

稳定股市是资本市场当前的关键词。日前召开的国务院常务会议提出"持续稳定股市"，延续了此前中央 政治局会议、中央经济工作会议、2025年政府工作报告等重要会议和政策中的表述，体现了国家层面对 股市的呵护之意。方正证券（601901）首席经济学家燕翔认为，在当前时点提出"持续稳定股市"意义重 大，美国所谓的"对等关税"冲击全球金融市场，我国各项措施"组合拳"快速出击、强而有效，有力稳住 了股票市场。未来我国资本市场改革将着力于吸引中长期资金入市，持续完善稳市举措，保持股市稳 定，中国市场有望成为全球资金"避风港"，为全球市场带来更多确定性。(证券时报) ...

稳股市提法多次出现 4月18日召开的国务院常务会议提出"持续稳定股市"，与2025年政府工作报告中"稳住股市"的表述形成 呼应。实际上，2024年下半年以来，"资本市场""股市"的提法多次进入中央文件，去年9月中央政治局 会议提出"努力提振资本市场"，去年12月召开的中央经济工作会议和2025年的政府工作报告中均提 出"稳住股市"。 稳定股市是资本市场当前的关键词。日前召开的国务院常务会议提出"持续稳定股市"，延续了此前中央 政治局会议、中央经济工作会议、2025年政府工作报告等重要会议和政策中的表述，体现了国家层面对 股市的呵护之意。 方正证券首席经济学家燕翔认为，在当前时点提出"持续稳定股市"意义重大，美国所谓的"对等关税"冲 击全球金融市场，我国各项措施"组合拳"快速出击、强而有效，有力稳住了股票市场。未来我国资本市 场改革将着力于吸引中长期资金入市，持续完善稳市举措，保持股市稳定，中国市场有望成为全球资 金"避风港"，为全球市场带来更多确定性。 南开大学金融发展研究院院长田利辉建议，类"平准基金"需从临时性安排向制度化框架升级，丰富多元 化资金来源，实现透明化运作，从而提升资本市场内生"稳定性"。 " ...