Core Viewpoint - On June 23, the stock ETF market experienced a significant inflow of over 5 billion yuan, with major indices like the CSI A500, CSI 300, and SSE 50 leading the inflow, while popular thematic ETFs such as consumption, coal, semiconductor, military industry, and information technology saw outflows [1][3]. Summary by Category Market Performance - The market showed a rebound with the Shanghai Composite Index leading the gains, particularly in sectors like cross-border payments, port shipping, military information technology, and oil and gas [3]. - The overall net inflow for stock ETFs (including cross-border ETFs) reached 51.8 billion yuan, bringing the total market size to 3.51 trillion yuan [3]. ETF Inflows and Outflows - Broad-based ETFs saw a net inflow of 29.5 billion yuan, while strategy-style ETFs experienced a net outflow of 2.71 billion yuan [3]. - The top five inflow sectors on June 23 included: - CSI A500 Index: net inflow of 20.5 billion yuan - CSI 300 Index: net inflow of 16.0 billion yuan - SSE 50 Index: net inflow of 11.1 billion yuan - Banking sector: net inflow of 5.6 billion yuan - Pharmaceutical sector: net inflow of 5.0 billion yuan [3][4]. Leading Fund Companies - E Fund's ETF had a latest scale of 626.07 billion yuan, increasing by 2.78 billion yuan, with the CSI 300 ETF seeing a net inflow of 340 million yuan and the pharmaceutical ETF 130 million yuan [3]. - Huaxia Fund's ETFs, including the SSE 50 ETF and credit bond ETF, recorded net inflows of 1.047 billion yuan and 661 million yuan, respectively [4]. Top Performing ETFs - The top five ETFs by net inflow on June 23 were: 1. CSI A500 ETF: 1.478 billion yuan 2. CSI 300 ETF: 1.150 billion yuan 3. SSE 50 ETF: 1.047 billion yuan 4. Banking ETF: 411 million yuan 5. Hong Kong Innovative Drug ETF: 385 million yuan [5]. ETFs with Significant Outflows - The ETFs with the highest net outflows included: 1. CSI 1000 ETF: -570 million yuan 2. Sci-Tech 50 ETF: -355 million yuan 3. ChiNext ETF: -275 million yuan [6]. Market Outlook - The market is expected to return to a fundamental-driven trend, influenced by growth expectations and policy dynamics, with a focus on "dividend + technology" strategies [6][7]. - The low interest rate environment and weak economic recovery are seen as favorable for dividend strategies, particularly in the Hong Kong stock market [7].

Market Overview - The A-share market experienced a strong upward movement, with the Shanghai Composite Index reaching a three-month high of 3423.78 points during the session [3] - The index closed up 1% at 3415.45 points, while the Shenzhen Component Index rose by 1.45%, the ChiNext Index by 1.94%, and the Northbound 50 Index by 3.17% [3] - The Hong Kong market also saw significant gains, with the Hang Seng Index surpassing the 24000-point mark, closing up 1.95% [15] Sector Performance - The non-bank financial sector performed notably well, with the insurance sector rising over 3%. Major companies like China Life and China Pacific Insurance saw their stocks increase by more than 5% [7] - The brokerage sector also experienced a rise of over 2%, with stocks such as Guosen Securities and Xiangcai Securities hitting the daily limit [7] - Other sectors, including public transportation, general machinery, automotive, internet, and software services, showed strong performance [10] Company Insights - New Oriental Education saw a significant increase, with its stock rising over 8% during the session [16] - China Hongqiao Group's stock surged, with a rise of over 8% following a positive profit forecast indicating a potential 35% increase in net profit for the six months ending June 30, 2025, compared to the same period in 2024 [17] Research Perspectives - Donghai Securities highlighted the importance of the new "National Nine Articles" for the brokerage industry, emphasizing the need to focus on mergers and acquisitions, high financial ratios, and return on equity (ROE) improvements [9] - For the insurance sector, Donghai Securities pointed out the "National Ten Articles" aimed at high-quality development under strong regulation, recommending attention to large comprehensive insurance companies with competitive advantages [9]

【导读】央行重磅，金融科技板块掀起涨停潮 中国基金报记者 安曼 A 股重返 3400 点！ 6 月 24 日， A 股主要股指普遍走高。截至午间收盘，上证指数报 3415.45 点，涨幅达 1% ；深证成指上涨 1.45% ，创业板指报涨幅达 1.94% 。 资金面上，全市场上涨个股超过 4660 只，两市成交额达 9251.68 亿元。 | 万得全A涨跌分布 | | | --- | --- | | 跌 660 | 涨 4667 | | 成交额 9251.68亿 | 预测成交额1.48万亿,增3330亿 | 盘面上，券商、保险等金融权重股成为拉升沪指的主力。从板块看，无人驾驶、机器人概念 股集体爆发，相关的算力、 AI 应用、稳定币、固态电池、消费电子题材表现活跃；油气、海 运板块出现调整。 央行重磅 突然掀起涨停潮 基建股异动 北方国际两分钟直线拉涨停 临近午间收盘，基建股盘中异动，北方国际两分钟直线拉涨停。 中工国际涨 9.80% ，山推股份、北新路桥、上海港湾等跟涨。 6 月 24 日上午，国家数据局举办 " 数据要素 ×" 系列第二场新闻发布会。中国人民银行科 技司副司长周祥昆介绍了中国人民银行在《 ...

Core Viewpoint - The A-share market experienced a strong upward movement, with the Shanghai Composite Index reaching a nearly three-month high, indicating a bullish trend in the market [1][3]. Group 1: A-share Market Performance - The Shanghai Composite Index hit a peak of 3423.78 points during the session, closing at 3415.45 points, up by 1% [3]. - The Shenzhen Component Index rose by 1.45%, the ChiNext Index increased by 1.94%, and the Northbound 50 Index surged by 3.17% [3]. - The non-bank financial sector saw significant gains, with the insurance sector rising over 3%, and stocks like China Life and China Pacific Insurance experiencing increases of over 5% [8][10]. Group 2: Hong Kong Market Performance - The Hang Seng Index also saw a substantial rise, surpassing the 24000-point mark, with a midday increase of 1.95% [12][13]. - New Oriental Education's stock surged by over 9%, contributing to the overall positive sentiment in the Hong Kong market [14]. Group 3: Sector Insights - East China Securities highlighted the importance of the new "National Nine Articles" for the brokerage industry, emphasizing the focus on mergers and acquisitions, high financial ratios, and return on equity (ROE) improvements [10]. - The insurance sector is expected to benefit from the new "National Ten Articles," which aim for high-quality development under strong regulatory frameworks [10]. - Other sectors such as public transportation, general machinery, automotive, internet, and software services also showed strong performance [10].

点击蓝字，关注我们 今日上午港股 1.汽车股集体回暖， 理想汽车 - W (02015) 涨 4.46%；零跑汽车 (09863) 涨 4.24%；小鹏汽车 - W (09868) 涨 3.36%；比亚迪股份 (01211) 涨 3.33%。 2.越疆 (02432) 涨超 8%， 消息面上，京东 618 全周期战报数据显示，5 月 13 日 20 点到 6 月 18 日 24 点，智能机器人自营销售额同比增长 3 倍，具身智能机器人销售额同比增长 17 倍。 3.金山云 (03896) 涨超 3%， 消息面上，金山云发布公告，认购事项的条件已达成且认购事项已于 2025 年 6 月 17 日完成。 4.荣昌生物 (09995) 再涨超 6%， 消息面上，近日，荣昌生物公告称，其核心产品泰它西普获得国家知识 产权局授予的专利权期限补偿，补偿天数为 1827 天，使得该药的专利权期满终止日从 2027 年 6 月 15 日延长到 2032 年 6 月 15 日。 5.博彩股早盘普涨， 美高梅中国 (02282) 涨 4.7%，新濠国际发展 (00200) 涨 4.09%，金沙中国 (01928) 涨 2.48% ...

Market Overview - The A-share market opened quietly on June 24, with the Shanghai Composite Index rising over 0.8%, the Shenzhen Component Index up over 1%, and the ChiNext Index increasing by over 1.6% [1][2] - More than 4,500 stocks in the market experienced gains [1] Sector Performance - Non-bank financials, automotive, media, and computer sectors showed strong performance, while oil and gas, shipping, defense, and coal sectors faced declines [2][9] - The non-bank financial sector saw significant activity, with brokerage stocks like Guosheng Financial and Hongye Futures hitting the daily limit [9][10] Notable Stocks - In the automotive sector, smart driving concept stocks surged, with Hengshuai Co. hitting the daily limit of 20% increase [5][6] - Other notable gainers included Jiaoyun Co., Haima Automobile, and Zhejiang Sebao, all reaching their daily limits [5][6] - The stock index for trading software rose, with companies like Zhina Zhen and Tonghuashun showing significant increases [11] Oil and Gas Sector - The oil and gas sector faced a sharp decline, with several stocks like Tongyuan Petroleum and Qianeng Hengxin dropping over 20% [12][15] - The international oil price fell significantly due to geopolitical tensions, impacting the oil and gas stocks [16] Defense and Military Sector - The defense and military sector also experienced a downturn, with stocks like Jieqiang Co. hitting the daily limit down and others like Beifang Changlong and Xinguang Optoelectronics dropping over 10% [17]

Market Overview - A-shares experienced a collective rise with the Shanghai Composite Index up by 0.67%, Shenzhen Component Index up by 1.05%, and ChiNext Index up by 1.46% [1][5] - Hong Kong stocks also saw gains, with the Hang Seng Index rising by 1.39% and the Hang Seng Tech Index increasing by 1.67% [2][3] Sector Performance - Active sectors included smart driving and robotics, while oil and gas stocks saw significant declines [1][5] - Financial heavyweights such as brokerage and insurance stocks contributed to the rise in stock indices, with notable performances from Guosheng Financial and Xiangcai Securities [5][8] Oil and Gas Sector - A-shares in the oil and gas sector faced substantial declines, with Tongyuan Petroleum hitting a 20% limit down, and several other companies like Qianeng Hengxin and Xinjin Power dropping over 10% [9] - In the Hong Kong market, Shandong Molong fell by 26%, Baijin Oilfield Services dropped by 25%, and Sinopec Oilfield Services decreased by 15% [10] Bond Market - The bond market showed a downward trend, with the 30-year and 10-year treasury futures contracts down by 0.02% and 0.01% respectively [4][15] Emerging Trends - Solid-state battery concept stocks remained active, with Xiangtan Electric achieving a four-day consecutive rise, and several other companies in the sector seeing gains of over 5% [11] - The launch of Tesla's Robotaxi service in Austin, Texas, is expected to influence the autonomous driving sector positively [12]

Group 1 - The Chinese government emphasizes the importance of maintaining security and stability in the Persian Gulf region, which is crucial for international trade and energy supply [2] - The International Atomic Energy Agency (IAEA) reports significant damage to Iran's Fordow underground nuclear facility due to U.S. strikes, with no comprehensive assessment possible at this time [2] - The Shenzhen Securities Information Co. announced plans to release several indices related to the ChiNext market by June 2025 [2] Group 2 - The China Securities Regulatory Commission (CSRC) has received applications for new ETFs from E Fund and Huaxia Fund, with the Shanghai 380 Index optimization officially implemented [3] - The Ministry of Industry and Information Technology, along with eight other departments, released a plan for the high-quality development of the gold industry, aiming for a 5%-10% increase in gold resources and over 5% growth in gold and silver production by 2027 [3] - The National Federation of Industry and Commerce's Automotive Dealers Chamber calls for manufacturers to optimize rebate policies and shorten the rebate payment period to no more than 30 days [3] Group 3 - The Guangzhou Municipal Government has issued a three-year action plan to promote the development of the intelligent connected new energy vehicle industry, targeting the production of 2-3 manufacturers with an annual output exceeding 500,000 vehicles by 2027 [4] Group 4 - Nord Shares has seen a five-day trading limit increase, with its copper foil business in solid-state batteries accounting for less than 1% of total revenue [6] - China National Investment Corporation is planning a major asset restructuring, leading to a stock suspension starting June 24 [7] - Zhuhai Guanyu has been designated by Dongfeng Nissan to develop and supply low-voltage lithium batteries for vehicles [9] - Huasheng Shares plans to acquire 100% of Yixin Technology, with stock resuming trading on June 24 [10] - Longsys Information intends to repurchase shares worth 200-300 million yuan [11] Group 5 - China Securities firms are focusing on sectors with improving mid-year performance forecasts, including electronics, machinery, pharmaceuticals, defense, and metals [20] - Zhongyuan Securities suggests three strategies for investing in the brokerage sector, emphasizing leading firms and those with significant performance elasticity [21] - Ping An Securities notes that the real estate market is in a phase of adjustment, with potential recovery in core areas and quality properties [22]

今天A股震荡上行，两市股指午后在券商、银行等板块的带动下发力走高，强势修复。 除了白酒，几乎无板块下跌。A股全天 成交1.15万亿，整体量能还 是不够。大金融继续护盘，大科技开始回暖。大 资金显然还在观望中，谨慎不敢动，短期A股或大概率维持震荡行情。 板块上，石油板块今日再度走强，截至收盘，茂化实华连续3日涨停，准油股份近7日斩获6个涨停板，泰山石油亦涨停，贝肯能源、通源石油涨超7%。 今天霍尔木兹海峡，持续刷屏！据最新消息，两艘超级油轮在霍尔木兹海峡突然掉头，驶离波斯湾入口。随着美国加入攻击伊朗核设施，中东形势有进一 步扩大趋势，预计油价将大幅上行，短期内油价将持续高位波动。 跨境支付概念股掀涨停潮， 四方精创 、 恒宝股份 、 中科金财 、 神州信息 、 海联金汇 、 吉大正元 涨停。 最近，跨境支付领域十分火热！ 中国人民银行与香港金管局近日联合启动了"跨境支付通"，已有银行上线运行。这标志着内地与香港快速支付系统实现互联互通，今后两地居民可实时办 理跨境汇款。 展望7月份，中旬会迎来上市公司业绩预告披露高峰，超预期和悲观业绩预期落地都是下一个阶段A股的重点布局方向，行业配置预计主要围绕中报业绩 持续改 ...

6月23日，港股三大指数集体反弹。截至收盘，恒生指数涨0.67%，国企指数涨0.82%，恒生科技指数涨 1.05%。 涨幅靠前还有医药股，生物医药股、医美概念、创新药概念、医药外包概念股等纷纷冲高。其中，君实 生物（01877.HK）涨8.09%，荣昌生物（09995.HK）涨6.73%，百济神州（06160.HK）涨6.18%，康方 生物（09926.HK）涨4.27%，三生制药（01530.HK）涨5.29%，医思健康（02138.HK）涨5.36%，泰格 医药（03347.HK）涨2.49%。 分板块看，芯片股涨幅居前。华虹半导体（01347.HK）涨4.43%，中芯国际（00981.HK）涨4.56%，晶 门半导体（02878.HK）涨3.53%，上海复旦（01385.HK）涨1.58%。 消息面上，有消息称美商务部计划撤销台积电、三星、SK海力士在华使用美国技术的豁免政策，要求 这些企业今后需逐案申请许可证。美商务部官员称此举旨在限制美国关键技术流向中国，但遭到美国国 防部等部门反对。 机构称，近年来外部环境对中国半导体产业限制不断加剧，国产替代有望加速推进，国内半导体产业链 国产化率较低的环节有望 ...