Market Overview - The Shanghai Composite Index briefly surpassed 4000 points before retreating, with total market turnover exceeding 2.1 trillion yuan [1] - The profit data for the first three quarters indicates a "total recovery and structural optimization," showcasing resilience in the economy despite external challenges [1] - September's monthly profit growth significantly increased, driven by effective macro policies, resilient exports, and steady recovery in domestic demand [1] Sector Performance - High-tech manufacturing sectors are leading the recovery, while traditional industries show mixed results [1] - Within the equipment manufacturing sector, electrical machinery and automotive industries maintain high prosperity, while the raw materials sector experiences slower profit recovery due to price fluctuations [1] - In consumer goods, pharmaceuticals and food sectors perform well, whereas the liquor industry remains under pressure and the real estate chain continues to be sluggish [1] Policy Developments - The People's Bank of China plans to restore national debt trading operations and implement supportive monetary policies [2] - The China Securities Regulatory Commission (CSRC) announced reforms to the ChiNext board to better accommodate emerging industries and innovative enterprises [3] - The CSRC's recent guidelines aim to enhance investor protection in the capital market, focusing on the issuance, listing, and delisting processes [3] Market Activity - On October 28, A-shares saw declines across major indices, with the Shanghai Composite Index closing at 3988.22 points, down 0.22% [4] - The market turnover was recorded at 21,655.28 billion yuan, showing a decrease from the previous trading day [5] - The margin financing balance increased to 24,820.12 billion yuan, indicating a rise in leveraged trading [5]

深圳商报记者 钟国斌 国庆长假后，杠杆资金入市热情升温。据交易所最新数据统计，截至10月9日，沪深北三市融资融券余 额为24455.47亿元，再创历史新高。其中，融资余额达24291.94亿元，续创历史新高，较上一交易日增 加508.04亿元，当日融资增加额仅次于去年10月8日，创历史次高。2024年10月8日，A股融资增加额为 1074.86亿元。 具体来看，截至10月9日，上交所融资余额为12332.50亿元，深交所融资余额为11884.31亿元，北交所融 资余额为75.13亿元。 相应的是，2025年9月17日，沪深300两融余额为8175.7亿元，2015年6月18日这一数据为1.3万亿元。也 就是说，近10年创业板两融余额大幅增长了389.3%，而沪深300两融余额却下降了37.14%。 值得关注的是，"9·24"行情堪称杠杆资金的分水岭。去年"9·24"以来的一年间，创业板两融余额大幅增 长145%，沪深300两融余额增长65%。相比之下，在"9·24"之前的2015年6月18日至2024年9月23日的9年 间，创业板两融余额仅增长了98%，沪深300两融余额更是大幅下降了62%。 连日来，科技成 ...

建信基金特别策划科技投资系列内容，为大家系统梳理了科技领域投资的方方面面。 CIS 今年以来，以人工智能和创新药为代表的科技成长赛道，成为引领A股结构性行情的主引擎。展望后 市，科技和先进制造等成长方向或仍是长期关注重点。 ...

Core Viewpoint - The recent recovery of the Shanghai Composite Index above 3800 points has led to a resurgence in market confidence, resulting in a strong performance in the public fund issuance market during September, particularly in the first week [1] Fund Issuance Summary - A total of 38 new funds were established in the first week of September, with a total issuance scale of 27.573 billion yuan, averaging 726 million yuan per fund, indicating a simultaneous increase in both volume and price [1] - Equity funds emerged as the primary contributors to the issuance, with 23 new funds raising 11.663 billion yuan, accounting for 42.3% of the total; mixed funds followed closely with 11 products raising 12.666 billion yuan, making up 45.9% of the total [1] - The top fund by issuance scale was the招商均衡优选A, which raised 4.955 billion yuan, followed by广发创业板指数增强A and平安港股通科技精选A with 2.393 billion yuan and 1.738 billion yuan respectively, reflecting a renewed demand for equity assets [1] Investment Themes - Recent fund issuance trends indicate a focus on technology, high-end manufacturing, and consumer recovery, highlighting investor interest in high-growth sectors [2] - Notable funds include兴业上证科创板人工智能指数A (9.57 billion yuan),国投瑞银上证科创板人工智能指数A (8.81 billion yuan), and华安恒生生物科技ETF (9.18 billion yuan), which target key areas in the AI and biotech sectors [2] - Several new funds experienced rapid subscription periods, with some achieving "one-day sell-out" status, demonstrating strong investor confidence in technology growth sectors [2] Market Environment - In contrast to the recovery in equity fund issuance, bond funds raised only 3.244 billion yuan, accounting for 11.8%, while money market funds saw no new issuances [3] - The improvement in equity fund issuance is closely linked to the recent favorable market conditions, with the Shanghai Composite Index's return to 3800 points enhancing the attractiveness of equity assets [3] - Industry insiders noted an increase in investor risk appetite, particularly towards growth sectors, with a significant proportion of new funds focusing on technology and healthcare themes [3]

今日，A股小幅震荡整理，上证指数、创业板指在红绿之间转换多次，深证成指、中证500等指数略 强，纷纷创出阶段性新高，成交萎缩至2.71万亿元。 化工股今日也集体逆市走强，日用化工、化学原料、农用化工、化纤等细分板块指数均涨超2%，嘉亨 家化20%涨停，水羊股份、中核钛白、亚星化学、百合花等涨停或涨超10%。 近期，多个化工细分行业持续推进"反内卷"。国家发改委明确要求2025年国内原油一次加工能力控制在 10亿吨以内；农业农村部发文称，将借鉴国外经验完善我国肥料管理法律体系，加强肥料产业标准化建 设，将新型肥料纳入肥料立法调整范围。 开源证券指出，后续伴随多部门具体政策逐步落地，化工行业部分落后产能有望出清，行业供给端竞争 格局有望迎来优化，产品逐步进入有序竞争，盈利水平也或将随之得到修复。 盘面上，养殖业、化工、产业互联网、业绩预增等板块涨幅居前，医疗服务、稀有金属、多元金融、军 贸概念等板块跌幅居前。 猪肉、水产品、饲料等养殖业细分板块也强势上攻，傲农生物垂直涨停，牧原股份、邦基科技、神农集 团等涨幅居前。 新牧网数据显示，8月第三周，快速型、中速型、慢速型黄羽肉鸡均价分别为10.84元/kg、12.68 ...