Market Overview - The overall market was weak on the last trading day of July, with major indices experiencing significant declines. The Shanghai Composite Index fell by 1.18%, closing below 3600 points, while the ChiNext Index and Shenzhen Component Index dropped by 1.66% and 1.73%, respectively. The total market turnover approached 2 trillion yuan, an increase of 909 billion yuan compared to the previous trading day, with nearly 4300 stocks declining [1]. AI Industry - The AI industry chain-related sectors showed strong performance, with liquid cooling servers and CPO concepts rising significantly. Notable stocks included Yidian Tianxia (301171) hitting the daily limit, and Shenzhou Digital (000034) reaching a peak close to the limit, currently up over 7%. Other stocks like Jinxi Modern (300830) and Zhidema (300785) also saw gains exceeding 7% [2]. - The domestic AI model performance has reached levels comparable to leading overseas models, with lower costs. Applications of domestic AI models in finance and office sectors are noteworthy, and AI agents have begun to be implemented in enterprise management scenarios, indicating substantial future growth potential [2][3]. - The liquid cooling server sector experienced a strong rally, with Industrial Fulian reaching a historical high. The market outlook for liquid cooling servers is positive, driven by AI computing demand, policy support, and technological optimization. The market space for liquid cooling servers is vast, highlighting its investment value [3]. Assisted Reproductive Technology - The assisted reproductive technology sector also saw significant gains, with an overall increase of 1.72% by the end of the trading day, ranking third among industry concept sectors. Over the past month, this sector has risen by 15.36%. Key stocks included Anke Bio (300009) and Gongtong Pharmaceutical (300966), both hitting the daily limit, while others like Guangshengtang (300436) rose over 18% [5][6]. - The implementation of the "Childcare Subsidy Implementation Plan" is expected to stimulate consumption related to maternal and infant products. The central government has allocated approximately 90 billion yuan for this initiative, which is anticipated to boost the birth rate and benefit industries related to assisted reproduction, genetic testing, and childcare services [6].

今日A股震荡走弱，全市场成交额1.96亿元，较上日放量超900亿元，板块题材上，智谱AI、液冷服务器、辅助生殖板块走高，钢铁、煤炭、保险板块调 整；港股延续调整，医药股冲高回落。截至收盘，中证A500指数、沪深300指数均下跌1.8%，创业板指数下跌1.7%，上证科创板50成份指数下跌1.0%，恒生 中国企业指数下跌1.7%。 | 港股大盘宽基:H股ETF | | | 510900 | | --- | --- | --- | --- | | 跟踪恒生中国企业指数 | | | | | 该指数由在港上市中国内地企 | | | | | 业中50只市值大、成交活跃的 | マ日 | 该指数 | 该指数自2002年 | | 股票组成,指数行业覆盖较为 | 该指数涨跌 | 滚动市盈率 | 以来估值分位 | | 广泛,可选消费、金融、信息 | | | | | 技术、能源行业合计占比超 | -1.7% | 10.4倍 | 63. 6% | | 85% | | | | 每日经济新闻 ...

Market Overview - A-shares experienced a rare consecutive decline at the end of July, with the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index closing down 1.18%, 1.73%, and 1.66% respectively, with over 4200 stocks declining and only about 1000 stocks rising [4] AI Marketing - AI marketing stocks showed strong performance, with Yidian Tianxia hitting a 20% limit up, and other companies like BlueFocus, Xinhua Du, and InSai Group also seeing significant gains. This was catalyzed by Meta's Q2 earnings report, which exceeded expectations and indicated robust growth in its advertising business, supporting aggressive investments in AI [7][8] - The upcoming implementation of a new e-commerce tax policy in China starting October 1, 2025, is expected to shift the industry towards more precise advertising, further benefiting AI marketing and advertising sectors [7] Assisted Reproductive Technology - Stocks related to assisted reproduction saw a rebound, with companies like Lide Man and Hancheng Group hitting the limit up. The sector was positively influenced by news from the National Healthcare Security Administration, which announced that assisted reproductive technologies would be fully covered by insurance, enhancing service optimization in maternal and child healthcare [11][10] - The assisted reproduction sector recorded a near 4.5% increase during the day, ultimately closing up 2.83% [11] ST Guandao - ST Guandao experienced a significant surge, achieving a 250% increase over six days, following a period of sharp declines after its resumption of trading. The stock's volatility and rapid gains have drawn attention in the market [14][15] Dongxin Technology - Dongxin Technology opened significantly higher, gaining over 10% and reaching a 20% limit up. The stock's rise was attributed to the release of new GPU chips by its major shareholder, Lisan Technology, which has generated considerable market interest [17][18]

具体来看，沪指盘中震荡下探，尾盘加速下行；深证成指、创业板指跌近2%。截至收盘，沪指跌1.18% 报3573.21点，深证成指跌1.73%报11009.77点，创业板指跌1.66%报2328.31点，上证50指数跌1.54%，沪 深北三市合计成交19621亿元，较此前一日增加逾900亿元。 市场整体疲弱，场内近4300股飘绿，煤炭、钢铁、石油、有色等资源股集体回调，券商、保险、酿酒、 银行等板块均走低；信息安全概念逆市拉升，数字认证、南兴股份涨停，用友网络、永信至诚涨超 8%；辅助生殖概念崛起，安科生物、共同药业、利德曼20%涨停，人脑工程概念拉升，创新医疗、爱 朋医疗涨超7%；AI应用概念活跃，易点天下20%涨停，慧博云通涨超13%。此外，今日登陆北交所的 鼎佳精密大涨479%收报64.63元/股。 信息安全概念崛起 A股市场主要指数全线收跌。 A股今日（7月31日）大幅跳水，沪指跌超1%失守3600点，全A成交额逼近2万亿；港股亦下挫，恒生指 数跌超1%。 行业方面，当前，以DeepSeek系列大模型为代表的国产大模型性能已可比肩海外领军大模型，且成本 更低。国产大模型已实现从"可用"到"好用"。在应用端 ...

Market Overview - The A-share market experienced a broad decline, with all three major indices falling over 1%, while the overall market showed a fluctuating upward trend this month, with the ChiNext Index rising over 8% [1][2] - The Shanghai Composite Index closed down 1.18%, the Shenzhen Component Index down 1.73%, and the ChiNext Index down 1.66%, with over 4,200 stocks declining [1][2] Sector Performance - The innovative drug sector showed strength, with stocks like Nanxin Pharmaceutical hitting the daily limit [1] - AI applications remained active, with stocks such as Yidian Tianxia also hitting the daily limit, while AI hardware stocks exhibited mixed performance [1][2] - The steel and non-ferrous metals sectors saw significant declines, with Anyang Steel dropping over 7% [1][3] - The financial sector was sluggish, with Zhongyin Securities falling over 5% [1] Investment Trends - The AI industry chain, particularly in computing hardware, maintained strong performance, with a report indicating potential computing shortages as domestic token consumption rises [2] - The assisted reproduction sector is gaining traction due to favorable policies, with the market expected to grow to 854.3 billion yuan by 2025 [3] - Government investment funds are being directed towards long-term capital and strategic sectors, focusing on technology innovation and modern industrial systems [4][5] Future Outlook - Analysts predict that the A-share market may continue a strong upward trend in August, supported by positive policies and economic recovery [6] - Key investment strategies include focusing on anti-involution sectors, industries undergoing significant transitions, and high-dividend stocks [7][8]

Market Overview - The A-share market experienced a significant drop on July 31, with the Shanghai Composite Index falling over 1% and closing below 3600 points, while the total trading volume approached 2 trillion yuan [1] - The Shanghai Composite Index closed at 3573.21 points, down 1.18%, the Shenzhen Component Index fell 1.73% to 11009.77 points, and the ChiNext Index decreased by 1.66% to 2328.31 points [1][2] Sector Performance - The overall market showed weakness, with nearly 4300 stocks declining, particularly in sectors such as coal, steel, oil, and non-ferrous metals [2] - The information security sector saw a strong performance, with stocks like Digital Certification and Nansheng Co. hitting the daily limit, while companies like Yonyou Network and Yongxin Zhicheng rose over 8% [2][4] - The assisted reproduction sector also surged, with stocks like Anke Bio and Gongtong Pharmaceutical reaching a 20% increase, and Guangshentang rising over 18% [11][12] AI Industry - The AI industry chain stocks were active, with companies like Fangsheng Co. and Dingtong Technology seeing significant gains, reflecting a growing interest in AI applications [7][8] - Domestic AI models have shown performance comparable to leading overseas models, with advancements in AI chip manufacturing by companies like Haiguang Information and Huawei [9] Policy Impact - The recent announcement of a child-rearing subsidy policy by the central government is expected to stimulate consumption in maternal and infant-related sectors, with an initial budget of approximately 90 billion yuan allocated for this purpose [13] - The implementation of this policy is anticipated to boost the birth rate and support industries related to assisted reproduction, genetic testing, and childcare services [13]

A股市场主要指数全线收跌。 A股今日（7月31日）大幅跳水，沪指跌超1%失守3600点，全A成交额逼近2万亿；港股亦下挫，恒生指数跌超1%。 具体来看，沪指盘中震荡下探，尾盘加速下行；深证成指、创业板指跌近2%。截至收盘，沪指跌1.18%报3573.21点，深证成指跌1.73%报11009.77点，创 业板指跌1.66%报2328.31点，上证50指数跌1.54%，沪深北三市合计成交19621亿元，较此前一日增加逾900亿元。 | 行情 | 资金净流入 | 涨跌分布 | | --- | --- | --- | | 上证指数 | 深证成指 | 北证50 | | 3573.21 | 11009.77 -42.51 -1.18% -193.26 -1.73% -16.77 -1.16% | 1422.87 | | 科创50 | 创业板指 | 万得全A | | 1047.87 | 2328.31 -10.70 -1.01% -39.37 -1.66% -76.50 -1.36% | 5567.10 | | 沪深300 | 中证500 | 中证A500 | | 4075.59 | 6226.34 -75.65 -1.8 ...

Market Overview - The A-share market experienced a significant decline, with the Shanghai Composite Index dropping over 1% and closing at 3573.21 points, while the Shenzhen Component Index fell 1.73% to 11009.77 points [1][2] - The total trading volume in the A-share market approached 2 trillion yuan, increasing by over 900 billion yuan compared to the previous day [1] Sector Performance - Resource sectors such as coal, steel, oil, and non-ferrous metals saw collective pullbacks, while brokerage, insurance, liquor, and banking sectors also declined [2] - Conversely, the information security sector surged, with stocks like Digital Certification and Nanxing Co. hitting the daily limit, and several others seeing significant gains [2][3] Information Security Sector - The information security concept saw strong performance, with *ST Guandao and Digital Certification both hitting the daily limit of 30% and 20% respectively, alongside notable gains from other companies in the sector [3][4] AI Industry - AI-related stocks were active, with companies like Fangsheng Co. and Dingtong Technology seeing substantial increases, reflecting a growing interest in AI applications [6][7] - The domestic AI industry is reportedly advancing, with local models achieving performance comparable to leading overseas models, and significant progress in AI chip development by companies like Huawei and Haiguang Information [8] Assisted Reproductive Technology - The assisted reproductive sector experienced a notable surge, with stocks like Anke Bio and Gongtong Pharmaceutical reaching daily limits of 20% [9][10] - The recent implementation of a childcare subsidy policy is expected to stimulate consumption in maternal and infant-related industries, including assisted reproduction and genetic testing [11][12]

Market Overview - A-shares experienced a significant drop on July 31, with the Shanghai Composite Index falling over 1% and closing at 3573.21 points, while the Shenzhen Component Index and ChiNext Index declined nearly 2% [1][2] - The total trading volume in the Shanghai and Shenzhen markets reached approximately 1.96 trillion yuan, an increase of over 90 billion yuan compared to the previous day [1][2] Sector Performance - The overall market showed weakness, with nearly 4300 stocks declining. Key sectors such as coal, steel, oil, and non-ferrous metals saw collective pullbacks, while brokerage, insurance, liquor, and banking sectors also fell [2] - Conversely, the information security sector surged, with stocks like Digital Certification and South Star shares hitting the daily limit, and others like Yonyou Network and Yongxin Zhicheng rising over 8% [2][4] - The assisted reproduction sector was active, with stocks like Anke Bio, Gongtong Pharmaceutical, and Lideman reaching the daily limit of 20% [11][12] Information Security Sector - The information security concept saw a strong rally, with stocks such as *ST Guandao and Digital Certification hitting their daily limits, and others like Yonyou Network and Deepin Technology also performing well [4][5] - The National Internet Information Office recently addressed Nvidia regarding security risks associated with its H20 computing chips, which may impact the information security landscape [6] AI Industry Chain - Stocks related to the AI industry chain, including liquid-cooled servers and CPO concepts, experienced significant gains, with Fangsheng Co. rising over 15% and Dingtong Technology increasing over 10% [8][9] - Domestic AI models, represented by the DeepSeek series, are now comparable to leading overseas models, with advancements in AI chip manufacturing by companies like Huawei and Haiguang Information [10] Assisted Reproductive Technology - The recent announcement of a child-rearing subsidy policy is expected to stimulate consumption in the mother and baby-related sectors, with a budget of approximately 90 billion yuan allocated for this initiative [13] - The policy is anticipated to boost birth rates and positively impact industries such as assisted reproduction, genetic testing, and childcare services [13]

Market Overview - On July 31, major indices experienced a downward trend, with the Shanghai Composite Index falling by 1.18%, the Shenzhen Component Index down by 1.73%, and the ChiNext Index decreasing by 1.66% [1] - The market saw significant declines in sectors such as coal, steel, shipping, oil, chemical fiber, real estate, non-ferrous metals, securities, insurance, aquatic products, and lithium mining [1] - The total market turnover approached 2 trillion yuan, with over 4,200 stocks declining [1] Individual Stock Performance - Notably, *ST Guandao, which resumed trading, hit the daily limit up, achieving a "30cm" ceiling price after previously being suspended for investigation [1][3] - In the assisted reproduction sector, stocks like A-share Gongtong Pharmaceutical, Lidiman, and Anke Bio all reached their daily limit up, indicating strong market interest [6] Policy and Regulatory Developments - The Beijing Municipal Government issued measures to enhance reproductive health services, including optimizing maternal and child healthcare resources and improving assisted reproductive technology [8] - As of June 2025, 253 million people participated in maternity insurance, with cumulative expenditures reaching 438.3 billion yuan, and 31 provinces included assisted reproduction projects in medical insurance reimbursement [8] Economic Indicators - The U.S. Federal Reserve maintained the federal funds rate target range at 4.25% to 4.50% following a two-day monetary policy meeting [9] - In the first half of 2025, China's gold jewelry consumption decreased by 26%, while investment demand for gold bars and coins increased by 23.69%, indicating a shift in consumer behavior due to high gold prices [9]