Market Overview - The A-share market experienced a high-to-low fluctuation, with the ChiNext index leading the decline [1][3] - Major indices closed lower, with the Shanghai Composite Index at 3448.45, down 0.22%, and the ChiNext at 2114.43, down 0.66% [2][3] Sector Performance - The banking sector showed resilience, gaining 1.01%, while the automotive sector declined by 1.37% [2][3] - Notable performing sectors included military industry, financial services, and solid-state battery concepts, while automotive, non-bank financials, and pharmaceuticals lagged [3] Future Outlook - The market is expected to remain resilient in the short term due to ongoing growth stabilization policies, steady infrastructure investment, and effective consumption stimulus measures [5] - The upcoming mid-year report disclosures are anticipated to be a focal point for market participants, with a projected trend of oscillating recovery [5] - Key sectors to focus on include finance, technology, media, and telecommunications (TMT), and consumer goods [5] Policy Developments - The National Development and Reform Commission announced plans to implement a third batch of funds for the old-for-new consumption policy in July, emphasizing a balanced and sustainable approach [4]