Market Overview - On August 5, A-shares saw all three major indices rise, with the Shanghai Composite Index up by 0.96%, Shenzhen Component Index up by 0.59%, and ChiNext Index up by 0.39% [1] - Over 3,900 stocks in the market experienced an increase [1] Index Performance - The performance of major indices on August 5 is as follows: - Shanghai Composite Index: +0.96% - CSI 300: +0.80% - CSI 1000: +0.71% - CSI 500: +0.66% - Shenzhen Component Index: +0.59% - CSI A50: +0.56% - STAR Market Composite Index: +0.50% - STAR 100: +0.49% - STAR 20: +0.40% - ChiNext 50: +0.40% - ChiNext Index: +0.39% - Northbound 50: +0.25% [2] Hong Kong Market - On August 5, Hong Kong's three major indices also closed higher, with the Hang Seng China Enterprises Index rising by 0.75% [6] - The performance of major indices in Hong Kong is as follows: - Hang Seng China Enterprises Index: +0.75% - Hang Seng Technology Index: +0.73% - Hang Seng Index: +0.68% [7] Chemical Industry - The Chemical ETF (159870) has seen net subscriptions for 12 consecutive days, with the latest scale exceeding 39 billion [8] - The National Development and Reform Commission announced plans to address issues of excessive competition in certain industries, focusing on cost investigations and price behavior regulation [8] - Guangfa Securities anticipates that the chemical industry may experience upward cyclical trends in the second half of 2025, driven by demand-side tariff easing and supply-side capacity reduction [8] Banking Sector - On August 5, the People's Bank of China and seven departments jointly issued guidelines to enhance financial support for new industrialization [9] - The guidelines aim to improve the flexibility of financial services for industrial transfers and optimize regional industrial layouts [9] - Analysts noted that the recent rise in bank stocks was expected, with concerns about dividend yields and sector performance influencing market sentiment [10] Investment Products - Related investment products in the chemical sector include Chemical ETF (159870) and various fund links [9] - In the banking sector, related products include CSI Bank ETF (512730) and other fund options [11]

Core Viewpoint - The People's Bank of China and several government agencies have issued guidelines to support the financial system's development for new industrialization by 2027, focusing on enhancing the manufacturing sector's high-end, intelligent, and green development [1][2]. Group 1: Financial Support for Manufacturing - By 2027, the financial system supporting the manufacturing sector is expected to be mature, with a diverse range of financial products and tools effectively meeting the credit needs of manufacturing enterprises [1]. - The guidelines emphasize the importance of integrating various financial instruments such as loans, bonds, equity, and insurance to enhance service adaptability while preventing cross-financial risks [1]. Group 2: Optimizing Financial Policies - The guidelines propose optimizing financial policy tools to support key technologies and products, particularly in sectors like integrated circuits, medical equipment, and advanced materials, by providing long-term financing [1][2]. - Financial institutions are encouraged to collaborate with technology intermediaries to explore diverse financing service models, thereby revitalizing R&D resources and outcomes [2]. Group 3: Strengthening Financial Services for Key Enterprises - The guidelines aim to enhance financial services for key enterprises in the industrial chain, promoting self-sufficiency and stability in operations, especially for those affected by external factors [2]. - Support for mergers and acquisitions is highlighted, with a focus on investments that enhance the industrial chain's coherence and resilience [2].

北京商报讯(记者李海媛)8月5日，中国人民银行等七部门联合印发《关于金融支持新型工业化的指导意 见》，其中提到，加强各类金融工具的联动配合。推动银行、保险、证券、基金、融资担保机构、金融 资产管理公司等在防范交叉性金融风险、保障客户隐私的前提下，加强信息共享和业务合作。支持金融 控股公司整合集团内各类金融资源，为企业提供综合性金融服务。鼓励保险机构、银行理财子公司、金 融租赁公司和融资租赁公司在风险可控、商业自愿前提下，通过股权、债券、私募基金、融资租赁等形 式，为先进制造业发展提供长期稳定资金支持。 ...

《意见》指出，坚持"先立后破"，推动银行支持高碳行业符合绿色低碳技术改进方向以及产能置换政策 的项目和企业。 北京商报讯（记者宋亦桐）8月5日，据中国人民银行官网消息，为落实全国新型工业化推进大会部署， 加快金融强国和制造强国建设，近日，中国人民银行、工业和信息化部、国家发展改革委、财政部、金 融监管总局、中国证监会、国家外汇局联合印发《关于金融支持新型工业化的指导意见》（以下简称 《意见》）。 ...

《意见》指出，引导银行按照有扶有控原则优化授信政策，加大对传统制造业高端化、智能化、绿色化 发展以及企业增品种提品质创品牌融资支持力度。加强对制造业数字化转型特别是中小企业和数字化转 型提供商的多元化金融支持。 北京商报讯（记者 宋亦桐）8月5日，据中国人民银行官网消息，为落实全国新型工业化推进大会部 署，加快金融强国和制造强国建设，近日，中国人民银行、工业和信息化部、国家发展改革委、财政 部、金融监管总局、中国证监会、国家外汇局联合印发《关于金融支持新型工业化的指导意见》（以下 简称《意见》）。 ...

Core Viewpoint - The People's Bank of China, along with several government departments, has issued guidelines to enhance financial support for new industrialization, focusing on specialized financial services for key industries and clusters [1] Financial Support for Industrialization - The guidelines emphasize improving the professionalism of financial services for characteristic industries and supporting the development of industrial clusters [1] - National banks are encouraged to establish specialized branches to provide targeted financial services to advanced manufacturing clusters, small and medium-sized enterprises, and innovative industry clusters [1] Local Banking Initiatives - Local small and medium-sized banks are urged to develop loan products that align with regional industrial characteristics, enhancing service specialization for various industry sectors [1] - Large banks are encouraged to collaborate with national-level industrial funds in the manufacturing sector to offer comprehensive financial services to advanced manufacturing clusters and small and medium-sized enterprises [1]

【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 格隆汇8月5日｜中国人民银行等七部门联合印发《关于金融支持新型工业化的指导意见》要求，完善并 购贷款政策，支持链主企业聚焦产业链上下游开展"补链""延链"型投资，带动全产业链协同发展。支持 矿企在符合国家产业政策的前提下，加快重要矿产增储上产，提高战略性资源供应保障能力。 （责任编辑：宋政 HN002） ...

经济观察网 中国人民银行等七部门联合印发《关于金融支持新型工业化的指导意见》（下称《意 见》）。《意见》提出，健全金融机构服务制造业的内部机制。金融机构要把服务新型工业化列入长期 经营战略，根据国家发展需要和产业转型升级动向及时调整经营方向，加大对制造业中长期贷款和信用 贷款的支持。银行要单列制造业信贷计划，在经济资本配置等方面加强资源保障，完善尽职免责和激励 机制，调动基层一线人员服务制造业中小企业的积极性。支持银行构建适应新型工业化发展要求的授信 评价模型，针对细分行业和企业成长阶段特点制定差异化授信政策和准入标准。引导金融机构坚持"两 个毫不动摇"，平等对待各类所有制企业，加强民营制造业企业金融服务。（编辑 刘睿） ...

Report Summary 1. Report Industry Investment Rating - Not provided in the content 2. Core View - The bond market has stabilized and entered a recovery phase due to the lack of strong stimulus signals from the July Politburo meeting, the cooling sentiment in the equity and commodity markets, and the stable and loose capital situation. It is recommended to seize the opportunity of the market sentiment recovery for a short - term upward trend and lightly allocate long positions [2] 3. Summary by Related Catalogs 3.1 Futures Disk - T主力收盘价108.540, up 0.05%; volume 69470, down 5041 - TF主力收盘价105.755, up 0.04%; volume 52618, down 9215 - TS主力收盘价102.348, down 0.01%; volume 30573, down 3580 - TL主力收盘价119.320, up 0.06%; volume 100131, down 10262 [2] 3.2 Futures Spread - TL2512 - 2509价差 - 0.37, down 0.02; T09 - TL09价差 - 10.78, down 0.06 - T2512 - 2509价差 - 0.19, up 0.04; TF09 - T09价差 - 2.79, down 0.03 - TF2512 - 2509价差0.01, up 0.02; TS09 - T09价差 - 6.19, down 0.07 - TS2512 - 2509价差0.04, up 0.03; TS09 - TF09价差 - 3.41, down 0.04 [2] 3.3 Futures Holding Positions - T主力持仓量175137, down 566; T前20名多头197252, up 6537; T前20名空头195682, up 6756; T前20名净空仓 - 1570, down 219 - TF主力持仓量124770, down 4019; TF前20名多头149549, down 1601; TF前20名空头161386, down 125; TF前20名净空仓11837, up 1476 - TS主力持仓量88731, down 1798; TS前20名多头84419, up 348; TS前20名空头90928, up 356; TS前20名净空仓6509, up 8 - TL主力持仓量102918, down 2852; TL前20名多头121685, down 3352; TL前20名空头119921, down 1720; TL前20名净空仓 - 1764, down 1632 [2] 3.4 Top Two CTD (Net Price) - 220010.IB(6y): 107.1381, up 0.0969; 250007.IB(6y): 99.0955, up 0.0185 - 240020.IB(4y): 100.703, up 0.0401; 240020.IB(4y): 100.8844, up 0.0165 - 250006.IB(1.7y): 100.2737, down 0.0044; 250012.IB(2y): 99.9259, unchanged - 210005.IB(17y): 134.8379, up 0.0576; 210014.IB(18y): 131.5652, unchanged [2] 3.5 Active Treasury Bond Yields - 1y: 1.3450%, down 1.50bp; 3y: 1.4350%, down 0.50bp - 5y: 1.5675%, up 1.75bp; 7y: 1.6470%, up 1.70bp - 10y: 1.7080%, up 1.30bp [2] 3.6 Short - term Interest Rates - 银质押隔夜: 1.3376%, down 0.24bp; Shibor隔夜: 1.3150%, up 0.10bp - 银质押7天: 1.4548%, down 4.52bp; Shibor7天: 1.4320%, down 0.40bp - 银质押14天: 1.4800%, down 4.00bp; Shibor14天: 1.4820%, down 3.40bp [2] 3.7 Industry News - Starting from August 8, 2025, VAT will be levied on the interest income of newly issued national bonds, local government bonds, and financial bonds. The interest income of previously issued bonds will continue to be VAT - exempt until maturity - Seven departments including the People's Bank of China jointly issued the "Guiding Opinions on Financial Support for New - type Industrialization" to strengthen financial services and risk prevention in the manufacturing industry [2] 3.8 Key Data to Focus On - August 5, 21:45, US July S&P Global Services PMI Final Value - August 7, 19:00, Bank of England to announce interest rate decision, meeting minutes, and monetary policy report [3]

《意见》提出，优化金融政策工具，支持关键技术和产品攻关。发挥结构性货币政策工具激励作用，引 导银行为集成电路、工业母机、医疗装备、服务器、仪器仪表、基础软件、工业软件、先进材料等制造 业重点产业链技术和产品攻关提供中长期融资。鼓励各类金融机构立足职能定位，利用合适的金融产品 和工具，服务产业基础再造工程和重大技术装备攻关工程。对突破关键核心技术的科技企业，适用上市 融资、并购重组、债券发行"绿色通道"。加大对首台（套）重大技术装备、首批次新材料、首版次软件 和专精特新中小企业、高新技术企业、独角兽企业、重点产业链供应链企业新产品推广应用的支持力 度。 北京商报讯（记者 廖蒙）8月5日，据中国人民银行官网，为深入贯彻党的二十届三中全会精神，落实 全国新型工业化推进大会部署，加快金融强国和制造强国建设，近日，中国人民银行、工业和信息化 部、国家发展改革委、财政部、金融监管总局、中国证监会、国家外汇局联合印发《关于金融支持新型 工业化的指导意见》（以下简称《意见》）。 ...