Core Viewpoint - The A-share market continues to exhibit a divergent pattern, with policy-driven sectors and increased demand for safe-haven assets being highlights, while external disturbances and adjustments in the technology sector underscore a cautious market sentiment [6]. Group 1: Index Performance - The A-share market showed continued index divergence, with the Shanghai Composite Index closing up 0.25% at 3299.76 points, successfully maintaining above the 3300-point mark; the Shenzhen Component Index fell 0.36% to 9870.05 points; and the ChiNext Index declined by 0.82% to 1928.43 points [2]. - The total trading volume of the two markets reached 1.09 trillion yuan, an increase of 48.6 billion yuan compared to the previous trading day, indicating sustained market activity [2]. Group 2: Sector Performance - Sectors with notable gains today exhibited clear policy-driven and safe-haven characteristics, with the supply and marketing cooperative concept rising by 4.28%, the unified market increasing by 4.13%, and cross-border payment up by 3.98% [3]. - The cross-border payment sector benefited from the "Shanghai International Financial Center Cross-Border Financial Service Facilitation Action Plan," with stocks like New Morning Technology hitting a 20% limit up [3]. - The gold and precious metals sector saw gains due to international gold prices surpassing $3500 per ounce, reflecting significant market demand for safe-haven assets [3]. - Conversely, the computing power and AI application sectors showed weakness, with stocks like Yingweike hitting a limit down due to profit-taking, indicating a withdrawal of funds from overvalued tech stocks [3]. - The consumer electronics sector was pressured by declines in U.S. tech stocks, with Luxshare Precision falling by 3%, reflecting broader market concerns regarding the tech industry's profitability and macroeconomic changes [3]. Group 3: Adjustment Drivers - The market's decline today was primarily driven by profit-taking pressures in previously high-performing tech growth sectors, particularly in computing power and AI applications, where a lack of new major positive stimuli led to a preference for cashing out [4]. - Uncertainties regarding macroeconomic data and policy expectations contributed to a cautious investment approach, despite some policies providing clear boosts to specific sectors [4]. - The influence of international markets, particularly fluctuations in U.S. tech stocks, exacerbated the divergence in the A-share market [4].

位于泰国曼谷的生蚝店老板Kanokon Vasinsunthon忙碌着向中国游客介绍店里的特色小吃，越南河内跨 境POD（Print-On-Demand，按需定制）卖家Nguyen Minh Hoang (阮明黄）正通过电商平台将商品卖给 美国客户……，而在泰国、越南诸如此类的众多店铺及跨境电商卖家背后又都浮现一个共同的身影—— 中国跨境支付机构连连国际（LianLian Global，连连数字旗下品牌）。 经济全球化时代，以连连为代表的中资支付机构正发挥着"连接器 " 的作用，连接着世界各地的消费 者、商家、产业链上下游企业，将国内成熟的数字支付服务经验和商业模式输出至海外，以及通过牌照 获取、设立本土化团队、创新本土化产品等方式持续强化全球本土化服务能力，构筑起全球交易桥梁， 推动着全球互联互通、力创经济发展新未来。 近日，连连数字交出了2024年度成绩单：业绩亮眼，实现扭亏为盈。根据财报显示，截至2024年12月31 日，连连数字数字支付业务总支付额（"TPV"）达到3.3万亿元，同比大幅增长64.7%，累计服务的客户 数量达590万家；全年总收入达13.15亿元，同比增长27.9%；毛利为6.83亿元 ...

市场全天震荡分化，三大指数涨跌不一， 沪指一度站上3300点。高位股受资金追捧， 国芳集团走出13 天12板， 红宝丽6天5板。沪深两市全天成交额1.09万亿，较上个交易日放量486亿。盘面上，市场热点 快速轮动，个股上涨和下跌家数基本相当。从板块来看，物流、 统一大市场概念股集体走强， 华鹏飞 等多股涨停。 跨境支付概念股震荡走高， 青岛金王等涨停。农药、 化肥概念股表现活跃， 中农联合涨 停。下跌方面，算力概念股展开调整， 光环新网跌超5%。板块方面，物流、跨境支付、农药、 农业等 板块涨幅居前，机器人、算力、液冷服务器、 旅游等板块跌幅居前。截至收盘，沪指涨0.25%， 深成 指跌0.36%， 创业板指跌0.82%。 ...

Core Viewpoint - The global trade and payment landscape is undergoing significant changes due to the tariff policies initiated by Trump, leading to a surge in cross-border payment activities and a notable rise in capital markets [1][5][13]. Group 1: Market Performance - The cross-border payment sector has seen explosive growth, with several stocks experiencing significant gains, including New Morning Technology and Youbo Xun, which both hit the 20% limit up [1][2]. - As of the latest trading day, the cross-border payment concept has accumulated a rise of over 17% in the past 11 trading days since April 8 [3]. Group 2: Currency Dynamics - The US dollar index has recently fallen below the 99 and 98 thresholds, marking its lowest point since March 2022, with a year-to-date decline of nearly 10% [5][7]. - This decline in the dollar is seen as a historic collapse, with the index failing to maintain the 100 mark for the sixth time since the Bretton Woods system ended in 1973 [6][7]. Group 3: Policy Developments - A joint action plan was released by the People's Bank of China and other regulatory bodies to enhance cross-border financial services in Shanghai, which includes improving the functionality and global coverage of the Renminbi Cross-Border Payment System (CIPS) [9][10]. - The Renminbi has become the third-largest trade financing currency globally, with over 40 countries signing bilateral currency swap agreements with China [11]. Group 4: Future Outlook - Analysts suggest that the ongoing US-China tariff disputes may accelerate the internationalization of the Renminbi and reshape the global trade and payment landscape [13][14]. - The establishment of new cross-border payment systems centered around the Renminbi, such as CIPS, mBridge, and BRICS Pay, is expected to drive growth in the cross-border payment industry [13][14].

Market Overview - The market showed unexpected performance today, opening low but closing high, with over 4,300 stocks rising, indicating a strong market sentiment [3] - The index approached the 3,300 point but faced resistance, suggesting a lack of confidence despite favorable policy guidance [3] Sector Performance - Key sectors to watch include the electric power sector and cross-border payment sector, with notable performances from companies like Leshan Electric and Sifang Precision [4][6] - The natural gas sector had a modest performance, ultimately closing up by 1.1% after a volatile session [4] Policy Impact - The Central Committee of the Communist Party and the State Council issued an opinion on enhancing the strategy for free trade zones, which may lead to renewed interest in trade-related concepts [6]

跨境支付再度火爆！ 今日早盘，中油资本这只近千亿的跨境支付概念股突然直线拉板，封板一度突破三百万手。与此同时，跨境支付CIPS概念股大面积异动，新晨科技、科蓝软件、拉 卡拉、信雅达、青岛金王等股票涨停或涨幅超10%。 昨天，中国人民银行等联合印发《上海国际金融中心进一步提升跨境金融服务便利化行动方案》，其中提出，提升人民币跨境支付系统（CIPS）功能和全球网络覆 盖。 那么，这个题材的潜力会有多大？ 突然大涨 在中油资本涨停的同时，跨境支付CIPS概念股大面积爆发，新晨科技、科蓝软件、拉卡拉、信雅达、青岛金王等股票涨停或涨幅超10%。消息面上，昨天收盘后， 中国人民银行等联合印发《上海国际金融中心进一步提升跨境金融服务便利化行动方案》，其中提出，提升人民币跨境支付系统（CIPS）功能和全球网络覆盖。跨 境清算公司增强与金融机构协同联动，共同提升对"走出去"企业的服务水平。推动更多银行加入CIPS，持续扩大CIPS网络覆盖范围。加强CIPS建设，完善系统功 能，研究推动区块链技术应用，为人民币计价的全球贸易、航运及投融资提供安全高效的结算清算服务。 其实，近期跨境支付的利好不仅于此。 4月14日，银联国际与越南 ...

Core Viewpoint - The cross-border payment concept continues to show strong momentum, with companies like New Morning Technology and Hailian Jinhui hitting the daily limit up, while Qingdao Kingway approaches the limit up as well. Other companies such as Lakala, Xinya Data, and Sifang Precision also opened high. This is driven by the announcement from the central bank and other authorities regarding the "Action Plan for Further Enhancing the Convenience of Cross-Border Financial Services in Shanghai International Financial Center," which aims to enhance the functionality and global network coverage of the Cross-Border Interbank Payment System (CIPS) [1]. Group 1 - New Morning Technology and Hailian Jinhui reached daily limit up [1] - Qingdao Kingway is close to hitting the daily limit up [1] - Lakala, Xinya Data, and Sifang Precision opened high [1] Group 2 - The central bank and other authorities issued a plan to enhance cross-border financial services [1] - The plan aims to improve the functionality of the CIPS [1] - The initiative will expand the global network coverage of CIPS [1]

Group 1 - The core viewpoint of the article highlights the significant rise in the cross-border payment sector, with companies like New Morning Technology (300542) hitting a 20% limit up, and other firms such as Qingdao Kingking (002094), Lakala (300773), and Xinyada (600571) also experiencing substantial gains [1] - The People's Bank of China and other authorities have jointly issued the "Action Plan for Further Enhancing the Convenience of Cross-Border Financial Services in Shanghai International Financial Center," which aims to enhance the functionality of the Cross-Border Interbank Payment System (CIPS) and expand its global network coverage [1]

Group 1: Market Reactions - Trump criticized Powell, suggesting he should be dismissed, leading to a significant market downturn with major US stock indices dropping over 2%, and the Nasdaq falling nearly 4% [1] - The 10-year US Treasury yield rose for two consecutive days, while the 2-year yield hit a one-week low [2] - The US dollar index fell over 1%, breaking below 98 for the first time in three years, while the offshore RMB rose over 200 points, surpassing 7.29 [3] Group 2: Domestic Developments - The Central Committee and State Council issued opinions to enhance the strategic implementation of free trade zones, supporting the testing and application of intelligent connected vehicles and the establishment of civilian drone testing bases [6] - The State Council approved a plan to accelerate the opening of the service industry, promoting new business models like "processing with incoming materials" [6] - The Shanghai International Financial Center's action plan aims to enhance cross-border financial services, providing insurance support for key export enterprises and improving the CIPS functionality [6] Group 3: Company Announcements - CATL launched its first sodium-ion battery product, "Sodium New," set to be mass-produced in June, with significant safety features and plans for a second-generation battery by 2025 [8][13] - Haiguang Information reported a net profit of 506 million yuan for Q1 2025, a 75.33% increase year-on-year, driven by strong R&D investment in general and AI computing markets [17] - Shenghong Technology's Q1 net profit surged by 339.2% to 920 million yuan [17] Group 4: Industry Insights - TrendForce predicts that the market value of humanoid robots in China will exceed 4.5 billion by 2025 [10] - The agricultural outlook report forecasts China's grain production to reach 710 million tons in 2025, with significant increases in rice, wheat, and corn production [14] - The intelligent connected vehicle market is expected to reach $830 billion globally by 2024, with a projected breakthrough of $1 trillion by 2025 [15]