Core Viewpoint - The military industry sector in Hong Kong and A-shares is experiencing significant growth, driven by the anticipation of a military parade on September 3, commemorating the 80th anniversary of the victory in the Anti-Japanese War, which is expected to enhance market attention and boost valuations in the military sector [6][7]. Group 1: Market Performance - The military sector in the Hong Kong stock market has seen substantial gains, with Aerospace Holdings rising over 6% and China Shipbuilding Defense increasing over 5% [2][3]. - In the A-share market, various sub-sectors such as military equipment, military information technology, and military electronics have also performed strongly, with companies like Zhongke Haixun and Guorui Technology hitting the daily limit up [3][4]. Group 2: Upcoming Events - The military parade on September 3 is expected to showcase all domestically produced main battle equipment, highlighting China's defense technology and weaponry development capabilities [6][7]. - Historical trends indicate that major military parades often act as catalysts for the military stock market, enhancing public awareness and reinforcing national defense security consensus [6][7]. Group 3: Global Military Trade and Demand - The global military trade market is projected to reach $111.6 billion in 2024, with a year-on-year growth of 15.2%, where the U.S. holds a 37.9% market share and China accounts for approximately $3.22 billion (around 220 billion RMB) [10]. - The ongoing geopolitical tensions are accelerating global military trade demand, with expectations that China's military equipment market share could reach 15-20% by 2030, translating to a market demand of approximately 1500-2000 billion RMB annually [10][11]. Group 4: Future Outlook - The military industry is expected to maintain high growth due to robust order backlogs and accelerated production schedules, with the upcoming 14th Five-Year Plan likely to further stimulate development [7][11]. - Increased global military spending, driven by geopolitical uncertainties, is anticipated to sustain demand in the military sector, benefiting upstream materials such as titanium alloys and tungsten [11].

Core Viewpoint - The defense and military industry ETF (512810) is experiencing strong upward momentum, driven by market speculation surrounding the upcoming military parade and the strategic importance of the "14th Five-Year Plan" [1][3][5]. Group 1: ETF Performance - The defense military ETF (512810) opened high and rose by 1.58%, marking a potential four-day winning streak with trading volume surpassing 40 million yuan [1]. - Over 60 out of 80 constituent stocks of the ETF are in the green, with notable performances from North Navigation, Construction Industry, and Great Wall Military, the latter achieving an impressive 7 out of 6 consecutive trading days of gains [1][5]. - The ETF has recently undergone a split to lower its net asset value, reducing the trading threshold from approximately 120 yuan to around 60 yuan, making it more accessible for investors [4]. Group 2: Market Trends and Drivers - The recent surge in the defense and military sector is attributed to the anticipation of the September 3 military parade, which historically has led to bullish trends in the sector [1][3]. - The military parade is expected to showcase domestic military capabilities and innovations, potentially enhancing China's military trade and positioning in the global market [3]. - The focus on new domains and quality in military capabilities is likely to drive future research and procurement in the defense sector, indicating a shift towards more advanced technologies [3]. Group 3: Investment Opportunities - The defense military ETF (512810) serves as an efficient tool for investors looking to gain exposure to both traditional and emerging military capabilities, while also being a financing and interconnectivity target [4]. - The influx of over 40 billion yuan in main funds within the first 20 minutes of trading indicates strong investor interest and confidence in the sector [5].

Group 1 - The A-share market has shown strong momentum, with a three-day rally breaking through the 3450-point mark and trading volume exceeding 1.6 trillion [1] - The military industry sector has experienced a significant surge due to the upcoming military parade on September 3, showcasing advanced domestic military equipment, which has led to increased market expectations for military enterprises [2][3] - Major stocks in the military sector, such as North Navigation and Great Wall Industry, have hit their daily limit, indicating strong buying interest and a bullish sentiment in the market [2] Group 2 - The internet finance sector has also seen a robust performance, with a 3.49% increase, driven by major stocks like Dongfang Caifu and Tonghuashun, which have risen significantly [4][5] - The technology sector is experiencing a broad-based rally, particularly in core areas like chips, artificial intelligence, and 5G, with many stocks reaching new highs [6] - The overall market sentiment is buoyed by external factors such as the recent ceasefire in the Middle East, which is expected to stabilize oil prices and reduce inflation expectations, alongside anticipated interest rate cuts by the Federal Reserve [7]