Group 1 - The Hong Kong stablecoin concept stocks showed strong performance, with Victory Securities rising over 10% and Guotai Junan International increasing by over 5% [1] - The Hong Kong government announced that the Stablecoin Regulation will take effect in August, with the Monetary Authority consulting the market on the implementation guidelines [1] - The number of stablecoin licenses issued is expected to be single digits, with hopes to receive applications and issue licenses within the year [1] Group 2 - The A-share market saw strong performances in various sectors, including real estate, power, digital currency, and innovative drugs [2] - Notable stocks included Yuhua Development hitting the daily limit, and Huayin Power achieving three consecutive gains [2] - The outlook for the A-share market is optimistic, with several institutions believing in a high probability of upward breakthroughs [3] Group 3 - Huatai Securities indicated that the A-share market is entering a variable window period, with a potential for technical breakthroughs but also increased volatility due to external factors [4] - The report suggested that large financial institutions remain a preferred base, focusing on sectors with expected mid-term performance recovery [5] - CITIC Securities noted that the Shanghai Composite Index reached a new high since 2025, driven by favorable macro conditions and market sentiment [6] Group 4 - Key sectors to focus on include electronics, communications, pharmaceuticals, coal, steel, transportation, new consumption, gaming, and non-bank financials [7]