Market Overview - The three major indices opened mixed, with the Shanghai Composite Index down 0.12% and the Shenzhen Component Index down 0.04%, while the ChiNext Index opened up 0.02% [1] - The military industry and diversified finance sectors showed the highest gains, while innovative drugs and composite materials sectors experienced the largest declines [1] Index Performance - Shanghai Composite Index: 3451.72, down 0.12%, with a trading volume of 61.03 billion [2] - Shenzhen Component Index: 10389.23, down 0.04%, with a trading volume of 102.07 billion [2] - ChiNext Index: 2128.86, up 0.02%, with a trading volume of 49.77 billion [2] External Market Influences - U.S. stock indices showed mixed results, with the Dow Jones down 106.59 points (0.25%) and the Nasdaq up 61.02 points (0.31%) [3] - The Nasdaq Golden Dragon China Index fell by 0.6%, with significant declines in several Chinese concept stocks [3] Institutional Insights - CITIC Securities expects MLF and reverse repos to maintain net injections, projecting a net injection of 118 billion yuan in June 2025 [4] - Huatai Securities highlights a positive policy outlook aimed at boosting consumer credit demand, with 19 specific measures to support consumption [5] - Guojin Securities emphasizes the growth potential in the electronics sector, particularly in AI-PCB and computing hardware, with strong demand expected in the second and third quarters [6] - China Galaxy Securities notes a mismatch in domestic AI investment, suggesting that the second half of the year presents a good opportunity for investment [7]