Market Performance - On the last trading day of July, all three major A-share indices fell by over 1%, with the Shanghai Composite Index closing below 3600 points at 3573.21, down 1.18% [1] - The Shenzhen Component Index dropped 1.73% to 11009.77, while the ChiNext Index decreased by 1.66% to 2328.31 [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.96 trillion yuan [1] Sector Performance - The sectors that saw gains included liquid cooling IDC, assisted reproduction, Google, biopharmaceuticals, chemical pharmaceuticals, and computers [1] - Conversely, sectors that experienced declines included aquaculture, PTA, iron ore, energy metals, steel, and minor metals [1] Notable Stocks - The AI sector showed strong fluctuations, with Yidian Tianxia (301171) hitting the 20% daily limit up [1] - The liquid cooling server sector performed well, with Sihua New Materials (301489) also reaching the 20% limit up, alongside Yingweike (002837) and Chunz中科技 (603516) [1] - The assisted reproduction sector continued to strengthen, with Gongtong Pharmaceutical (300966) and Anke Biotechnology (300009) both hitting the 20% limit up, while Hanshang Group (600774) also reached the limit [1] - The steel sector faced adjustments, with Baogang Co. (600010) dropping over 8% [1] - The coal sector declined across the board, with Antai Group (600408) falling over 7% [1] Market Outlook - According to Jifeng Investment Advisory, the A-share market is expected to continue a structural trend in August, supported by the intensive disclosure of mid-term performance and ongoing policy efforts, favoring industries with high earnings certainty [1] - Dongfang Securities noted that the current A-share market is in a sustained upward trend with ample trading volume, attracting new capital, and maintaining a cautiously optimistic sentiment without immediate risk of reversal [2]

- The report does not contain any quantitative models or factors related to construction, testing, or evaluation[1][2][3]

Group 1: Macro and Industry Policy Tracking - The report highlights a focus on industrial digital transformation and financial system innovation, with regulatory reforms in the industrial product licensing system to enhance standardization and intelligent management [10][11][12] - The Shenzhen Stock Exchange has introduced standards for "light assets and high R&D investment," improving the inclusivity of the ChiNext board for technology companies [12][10] - In the healthcare sector, policies are being implemented to open medical insurance data for innovative drug development, promoting collaboration among medical, pharmaceutical, and insurance sectors [13][10] - The transportation sector has released a three-year task list for "air-rail intermodal transport," aiming to enhance multi-modal collaboration and information sharing [17][10] Group 2: Asset Price Performance - A-shares showed mixed performance across sectors, with the top five gainers being Steel II (+5.98%), Building Materials II (+4.33%), Pharmaceutical Biology (+4.33%), Banking (+3.78%), and Electrical Equipment (+2.44%) [18][19] - The sectors with the largest declines included Software Services (-1.05%), Semiconductors (-0.89%), Household Products (-0.74%), Business Services (-0.71%), and Transportation (-0.43%) [18][19] Group 3: Popular Concepts Tracking - The top ten gaining concepts this week included CRO (+7.08%), Innovative Drugs (+6.99%), Aquaculture (+6.42%), Rooftop Photovoltaics (+5.85%), and Vitamins (+5.80%) [21][22] - The top ten declining concepts included Selected Airlines Transport (-4.03%), Lithium Battery Cathodes (-2.48%), and Pinduoduo Partners (-2.34%) [21][22]

Market Overview - The A-share market saw most indices decline today, with the Shanghai Composite Index down 0.09% closing at 3454.78 points, the Shenzhen Component down 0.61% at 10412.63 points, the Sci-Tech 50 down 1.22% at 982.64 points, and the ChiNext Index down 1.13% at 2123.72 points [1] - Overall, there were 3282 stocks that fell, while 1943 stocks rose, and 192 stocks remained flat. The total trading volume in the Shanghai and Shenzhen markets was 13770 billion yuan, a decrease of 890.48 billion yuan compared to the previous trading day [1] Industry Performance - Among the Shenwan first-level industries, sectors such as steel, coal, building materials, agriculture, banking, and non-ferrous metals led the gains, while electronics, communications, defense, computing, beauty care, and biomedicine sectors experienced declines [1] Sector Highlights - The top-performing concept sectors today included aquaculture, photovoltaic rooftops, deep-sea technology, BC batteries, silicon energy, solar thermal power, HJT batteries, selected cement manufacturing, photovoltaic, central enterprise coal, selected coal mining, perovskite batteries, lithium mining, new energy, and poultry industry [1]