2025 年 10 月 24 日 星期五 ➢ 每日大市点评 周四港股低开高走。恒生指数一度突破 26,000 点，但是最终回顺，收报 25,968 点，上升 0.7%。国企指数收报 9,301 点， 上升 0.8%。成交配合大市增长，全日港股成交 2,453 亿港元，高于周三的 2,275 亿港元。分类指数方面，能源、非必需 性消费、电讯分别上升 1.6%、1.0%、0.8%，工业、必需性消费、医疗保健分别下跌 0.1%、0.2%、1.2%。蓝筹个股方面， 李宁(2331 HK)及中国宏桥(1378 HK)领涨，分别上升 6.6%及 4.5%；泡泡玛特(9992 HK)及石药集团(1093 HK)领跌，分别 下跌 9.4%及 3.0%。 四中全会公报昨日发布。内容整体符合预期。全会提出了"十五五"经济社会发展的主要目标：(一)高质量发展取得显 着成效；(二)科技自立自强水平大幅提高；(三)进一步全面深化改革取得新突破；(四)社会文明程度明显提升；(五)人 民生活品质不断提高；(六)美丽中国建设取得新的重大进展；(七)国家安全屏障更加巩固。全会也提出，到 2035 年经济 实力、科技实力、国防实力、综合国力和国 ...

Market Performance - On October 23, 2025, the A-share market saw all three major indices close higher, with the Shanghai Composite Index at 3922.41 points, up 0.22%, and the Shenzhen Component Index at 13025.45 points, also up 0.22%. The ChiNext Index rose 0.09% to 3062.16 points. Over 2900 stocks increased in value, with a total trading volume of 1.64 trillion yuan, down 239 billion yuan from the previous trading day [1] - The Hong Kong stock market rebounded, with the Hang Seng Index rising 0.72% to 25967.98 points, and a total trading volume of 245.256 billion HKD. The Hang Seng China Enterprises Index increased by 0.83% to 9300.74 points, while the Hang Seng Tech Index rose 0.48% to 5951.45 points [1] - In the U.S. stock market, driven by strong technology stocks, all three major indices closed higher. The Dow Jones Industrial Average rose 0.31% to 46,734.61 points, the S&P 500 increased by 0.58% to 6,738.44 points, and the Nasdaq Composite gained 0.89% to 22,941.80 points. The S&P 500 fully recovered the previous day's decline of approximately 0.5% [1] New Stock Listings - A new stock, Chao Ying Electronics (stock code 603175), was listed with an issuance price of 17.08 yuan per share and a price-to-earnings ratio of 28.64. The company specializes in automotive electronic PCBs and is one of the few in China capable of mass production of multi-layer HDI and arbitrary layer interconnected HDI automotive electronic boards. Its products are widely used in automotive electronics, displays, storage, consumer electronics, and communications [3] - Another new stock, Da Ming Electronics (stock code 603376), is set for subscription with an issuance price of 12.55 yuan per share and a price-to-earnings ratio of 17.97. The company focuses on automotive electronic components and provides comprehensive solutions for the design, development, production, and sales of automotive body electronic control systems. Its main products include driver assistance systems, cockpit central control systems, smart optoelectronic systems, window control systems, and seat adjustment systems [4] Policy and Economic Goals - The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China emphasized the need to boost consumption and expand effective investment, aiming to eliminate obstacles to the construction of a unified national market. The focus is on enhancing domestic circulation and promoting a positive interaction between supply and demand [5] - The session also outlined the main goals for the 14th Five-Year Plan period, including significant achievements in high-quality development, substantial improvements in self-reliance in technology, breakthroughs in deepening reforms, and enhanced social civilization. By 2035, the aim is to significantly elevate China's economic, technological, defense, and comprehensive national strength, with a target for per capita GDP to reach the level of moderately developed countries [5]

据央视新闻，四中全会公报发布，全会提出了"十五五"时期经济社会发展的主要目标： 高质量发展取得显著成效，科技自立自强水平大幅提高，进一步全面深化改革取得新突破，社会文明程度明显提升，人民生活品质不断提 高，美丽中国建设取得新的重大进展，国家安全屏障更加巩固。在此基础上再奋斗五年，到二〇三五年实现我国经济实力、科技实力、国防 实力、综合国力和国际影响力大幅跃升，人均国内生产总值达到中等发达国家水平，人民生活更加幸福美好，基本实现社会主义现代化。 ...