Core Viewpoint - The article highlights the significant rise of the fintech sector, particularly driven by the recent regulatory developments surrounding stablecoins in Hong Kong and the growing market demand for digital financial solutions [6][11][29]. Market Performance - On June 2, the Hong Kong stock market experienced a remarkable recovery, with all major indices closing in the green and trading volumes increasing [1][3]. - The fintech sector emerged as one of the most active segments, with notable performances in digital currencies and cross-border payments [4][6]. Fintech Sector Dynamics - The fintech sector, particularly the financial technology ETF (159851), has seen a substantial increase of over 80% since last year, driven by the implementation of the Stablecoin Regulation in Hong Kong [6][24]. - The global fintech market is projected to exceed $8.5 trillion by 2024, with Asia-Pacific leading at a 45% market share, and China contributing $1.9 trillion [17]. Stablecoin Surge - Stablecoins have gained popularity due to their ability to mitigate the volatility of cryptocurrencies, with a global market cap exceeding $250 billion as of May 31, 2023 [13]. - Recent regulatory frameworks in Hong Kong and the U.S. are expected to enhance institutional trust in stablecoins, potentially increasing U.S. institutional allocations to $80 billion by 2025 [11][12]. Technological Advancements - Technological breakthroughs, such as reduced transaction costs and improved transaction speeds, are facilitating the integration of stablecoins into traditional financial systems [12][22]. - The rise of embedded finance is transforming how financial services are accessed, with predictions indicating a market size of $3.2 trillion by 2027 [19]. Investment Opportunities - The fintech sector is characterized by high volatility and potential for significant returns, with the fintech ETF (159851) being a preferred vehicle for investors seeking diversified exposure [24][26]. - Companies that are technologically advanced, have clear business models, and strong compliance frameworks are positioned to benefit from the ongoing fintech revolution [30].

6月3日早盘，美容护理、传媒、有色金属等行业板块领涨A股，黄金珠宝、脑机接口、医美、数字货 币、跨境支付等概念指数盘中活跃。ETF方面，信创ETF（562570）一度涨超1%，持仓股中，北信源、 中望软件、山大地纬、华大九天、广联达等涨幅居前。云计算50ETF（516630）涨超0.5%，奇安信、科 大讯飞、广联达、神州信息、国投智能等持仓股领涨。 5月以来，资金布局信创板块的热情较高。数据显示，信创ETF（562570）已连续11个交易日获资金净 流入，期间净流入金额高达35187万元。值得一提的是，或博弈海光信息、中科曙光复牌后上涨预期， 上周资金抢筹该ETF的力度更是直线上升。据悉，信创ETF（562570）上周获资金净流入34077万元， 净流率高达81.2%。 相关ETF： 1、信创ETF（562570）：近日海光信息、中科曙光宣布战略重组，中证信创指数（931247）与该事件 相关度较高。截至5月30日，海光信息、中科曙光分别是该指数第1大、第8大权重股，合计权重超 10%。信创ETF（562570）为跟踪该指数规模最大的ETF。 2、云计算50ETF（516630）：标的指数为云计算指数（930 ...

Group 1: Consumer Goods and Market Trends - The sales volume of consumer goods through the old-for-new program has exceeded 1 trillion yuan as of June 1, indicating a strong recovery in consumption [1] - As of May 31, the old-for-new program has driven a total sales volume of 1.1 trillion yuan across five major categories, with approximately 175 million subsidies issued to consumers [1] - The automotive sector has seen 4.12 million subsidy applications, while 49.86 million consumers purchased 77.62 million units of 12 major categories of home appliances [1] Group 2: Stock Market Analysis - The A-share market is experiencing rapid shifts in hotspots, with technology sectors leading the gains, although uncertainties remain due to ongoing overseas tariff issues [2] - The average price-to-earnings ratios for the Shanghai Composite Index and the ChiNext Index are at 13.69 times and 35.8 times, respectively, indicating a suitable environment for medium to long-term investments [3] - The market is expected to continue a pattern of oscillation and rotation of hotspots, with a focus on technology and consumer sectors [4] Group 3: Stablecoin Industry Developments - Circle, the issuer of the USDC stablecoin, plans to go public on the NYSE, aiming to raise up to $624 million with a total valuation of $6.7 billion [5] - The global stablecoin market is projected to reach nearly $240 billion by April 2025, with USDT and USDC dominating the market with a combined share of nearly 90% [5] - Stablecoins are increasingly being utilized in various payment and transaction scenarios, with a total transfer volume expected to reach $27.6 trillion in 2024, surpassing traditional payment giants [6] Group 4: Industrial Software and Investment Opportunities - The inclusion of industrial software in the "two new" policy is expected to stimulate investment and development in the sector, with a projected market size of 333.2 billion yuan by 2024 [8][9] - The government aims to update approximately 200,000 sets of industrial software and 80,000 sets of operating systems by 2027, focusing on key industries such as petrochemicals and aerospace [8] - Companies like Saiyi Information and Dingjie Zhizhi are recommended for investment due to their involvement in the industrial software sector [9] Group 5: Solid-State Battery Market Insights - Solid-state batteries are anticipated to play a crucial role in the global energy market, with expected shipments reaching 614.1 GWh by 2030 [10][11] - The market for solid-state batteries is driven by demand from electric vehicles, low-altitude economy, and robotics, with significant advantages over traditional lithium-ion batteries [10] - Investment opportunities in the solid-state battery sector include companies such as Sanxiang New Materials and Shanghai Xiba [12]

Group 1 - The U.S. and Hong Kong are advancing stablecoin legislation, with Hong Kong passing a Stablecoin Bill and the U.S. Senate moving forward with the GENIUS Act to regulate dollar-pegged stablecoins [1][2] - Bitcoin surged to a historic high of over $110,000, driven by positive news regarding stablecoins [1] - The stablecoin market is currently valued at over $250 billion, with underlying assets primarily consisting of short-term U.S. Treasury bonds, making stablecoins significant holders of U.S. debt [2] Group 2 - U.S. Vice President Jared Vance stated that the government does not view stablecoins as a threat to the dollar's integrity, but rather as a "multiplier" of U.S. economic strength [1] - The improvement of the stablecoin regulatory framework is expected to provide a more compliant and efficient settlement tool for global cross-border payments, potentially reducing costs and delays associated with the traditional SWIFT system [1]

Group 1 - The focus is on the performance of the Xinchuang ETF fund (562030), which has seen a price drop of 1.89% amid market fluctuations, while financial IT and cross-border payment stocks remain active [1] - Notably, stocks like Langchao Software and Jingbeifang have risen over 5%, and Tianyang Technology has increased by more than 3% [1] - The Xinchuang ETF fund has experienced a continuous net inflow of funds for 10 days, totaling 116 million yuan [1] Group 2 - Hong Kong's Legislative Council has passed the Stablecoin Bill, establishing a licensing system for fiat-backed stablecoin issuers, marking a significant step in regulatory oversight of virtual assets [3] - The U.S. government is also advancing stablecoin legislation, with the Senate passing the GENIUS Act, aimed at providing federal regulation for dollar-pegged stablecoins [3] - Stablecoins are seen as a bridge between traditional finance and cryptocurrencies, offering potential for faster and cheaper transactions while reducing price volatility [3] Group 3 - The Xinchuang ETF fund and its linked funds are focused on the software development industry, tracking the Zhongzheng Xinchuang Index, which covers key areas of the Xinchuang industry chain [4] - The investment logic for the Xinchuang industry includes geopolitical factors, macroeconomic support for local procurement, technological advancements by domestic manufacturers, and the timing of procurement standards [4]

Market Overview - The Shanghai Composite Index closed at 3363.45 points, up 0.7%, with a trading volume of 453.74 billion yuan [1] - The Shenzhen Component Index closed at 10127.20 points, up 1.24%, with a trading volume of 731.68 billion yuan [1] - The ChiNext Index closed at 2012.55 points, up 1.37%, with a trading volume of 336.65 billion yuan [1] - The STAR Market 50 Index closed at 986.30 points, up 1.61%, with a trading volume of 17.87 billion yuan [1] - The total trading volume of both markets reached 1185.42 billion yuan, an increase of 175.47 billion yuan compared to the previous trading day [1] Sector Performance - Strong sectors included computer, pharmaceutical biology, electronics, national defense and military industry, communication, media, automotive, and machinery equipment [3] - Active concepts included digital currency, recombinant protein, cross-border payment, CRO, financial tax digitalization, noise prevention, data elements, and domestic software [3] - Weak sectors included beauty care, banking, food and beverage, and precious metals [3] Stock Performance - A total of 4226 stocks rose, while 812 stocks fell, with 84 stocks remaining flat and 25 stocks suspended [3] - 118 stocks hit the daily limit up, while 16 stocks hit the daily limit down [3] - Notable stocks with significant limit-up orders included Yunnei Power, Shanzi Gaoke, and ST United, with closing limit-up orders of 99.10 million shares, 66.23 million shares, and 50.35 million shares respectively [3] Fund Flow - The net inflow of main funds in the Shanghai and Shenzhen markets was 7.43 billion yuan, with 16 sectors showing net inflows [7] - The computer sector had the highest net inflow of 5.61 billion yuan, followed by electronics, non-bank financials, automotive, and national defense and military industry [8] - The mechanical equipment sector experienced the largest net outflow of 1.23 billion yuan [8] Individual Stock Highlights - 71 stocks saw net inflows exceeding 100 million yuan, with Shanzi Gaoke leading at 711 million yuan [10] - Stocks with significant net outflows included Rongfa Nuclear Power, with a net outflow of 764 million yuan, followed by Xue Ren Shares and BYD [14] - Institutional buying was led by Wangzi New Materials, with a net purchase of approximately 41.11 million yuan [18]

5月29日，市场情绪回暖，4472只个股上涨，仅831只个股下跌，120只个股涨停，15只个股跌停，市场热点聚焦医药、无人驾驶、跨境支付等板块。 高位股方面，无人车辆概念全线爆发，逾20股涨停或涨超10%，云内动力7天5板，通达电气7天6板。算力股鸿博股份4天2板，核电板块中超控股19天12板、 王子新材14天7板、尚纬股份6连板、融发核电5连板。 | 代码 | 名称 | 几天几板 涨停分析 | 价格 | 张唱% | 换手率 | 成交额 | 自次涨停时间 | | --- | --- | --- | --- | --- | --- | --- | --- | | 603390 | 通达中气 | 7天6板 自动驾驶物流车+车联网+比 17.56 | | +10.03% | 4.20% | 2.58 Z | 09:25:00 | | 603333 | 尚纬股份 | 6连板 核电电缆+控股股东变更+新 | 9.96 | +10.06% | 8.29% | 5.03 7 | 09:31:00 | | 000903 | 云内动力 | 7天5板 无人配送车+柴油机+配送机 5.56 | | +10.10% | 1.11% ...

Core Viewpoint - A-shares experienced a collective rise on May 29, with the Shanghai Composite Index closing at 3363.45 points, up 0.7%, and the Shenzhen Component Index and ChiNext Index also showing significant gains [1]. Market Performance - The sectors showing strong performance included cross-border payments, software development, medical services, digital currency, and Hongmeng concept stocks, while precious metals, glyphosate, and beauty care sectors declined [3]. - Specific sector performance included: - Electronic ID: +5.62% with a main capital inflow of 11.12 million - Cross-border payments (CIPS): +5.33% with a main capital inflow of 39.88 million - Software development: +4.48% with a main capital inflow of 31.08 million - Precious metals: -1.78% with a main capital outflow of 3.36 million [4]. Fund Flow - Main capital saw a net inflow into sectors such as computers, electronics, and automobiles, while there was a net outflow from banking and oil sectors [6]. - Notable individual stocks with net inflows included: - Shanzi Gaoke: 706 million - Sifang Jingchuang: 658 million - Zhongchao Holdings: 581 million - Stocks experiencing net outflows included: - Rongfa Nuclear Power: 732 million - Xuren Shares: 511 million - BYD: 396 million [6]. Institutional Insights - Everbright Securities noted that both internal and external factors contributed to improved sentiment in A-shares [8]. - Caitong Securities highlighted that the external environment has improved, allowing A-shares to realize potential benefits, with a focus on changes in trading volume being crucial for future market performance [8]. - CITIC Securities observed that the index rebounded at the 60-day moving average after a correction, with potential to challenge the 3400-point mark, particularly in growth sectors like autonomous driving and controllable nuclear fusion [8].

Market Overview - The market experienced a rebound on May 29, with the Shanghai Composite Index rising by 0.7%, the Shenzhen Component Index increasing by 1.24%, and the ChiNext Index gaining 1.37% [1] - Over 4,400 stocks in the market rose, with more than a hundred stocks hitting the daily limit up [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.19 trillion yuan, an increase of 175.5 billion yuan compared to the previous trading day [1] Sector Performance - Leading sectors included unmanned vehicles, digital currency, software development, and innovative pharmaceuticals, while sectors such as gold, glyphosate, food, and banking saw declines [1] - The top-performing sectors experienced significant gains after a prolonged period of adjustment, indicating a recovery trend [8] Individual Stock Performance - The median increase for all stocks in the market was 1.35%, suggesting that stocks outperforming this benchmark may have more potential for sustained growth [14] - Notable sectors with recent activity included innovative pharmaceuticals, nuclear power, and unmanned vehicles, alongside emerging themes like cross-border payments and digital currency [15][16] Policy and Economic Context - The Chinese government has introduced measures to enhance cross-border financial services, which may benefit sectors related to digital currency and cross-border payments [16] - The Chairman of the China Securities Regulatory Commission emphasized the importance of market stability for economic and social stability, highlighting the government's commitment to maintaining a stable capital market [19][20][21]

Market Performance - On May 29, A-shares saw a collective increase in the three major indices, with the Shanghai Composite Index rising by 0.7%, the Shenzhen Component Index increasing by 1.24%, and the ChiNext Index up by 1.37% [1] - The North Stock 50 index experienced a significant rise of 2.73% [1] - The total trading volume in the two markets was approximately 11,854.22 billion yuan, an increase of about 1,754.72 billion yuan compared to the previous trading day [1] Stock Movement - Out of 4,472 stocks in the market, 4,472 stocks rose while 831 stocks fell, with 120 stocks hitting the daily limit up and 15 stocks hitting the daily limit down [1] Sector Performance - Leading sectors with notable gains included EDA, cross-border payment, unmanned vehicles, digital currency, financial technology, computer, biopharmaceuticals, chemical pharmaceuticals, complete automobiles, and electronic chemicals [1] - Sectors that experienced declines included gold, sugar substitutes/sweeteners, seasonings, leisure foods, precious metals, beauty care, food and beverages, and banking [1]