CSI 300 Rises 2.37%
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This week, A-shares continued their upward trend, with major indices generally closing higher, trading volumes moderately increased compared to last week, market sentiment remained positive, and there was a certain willingness to chase gains among funds. The SSE Index(000001) rose 1.70% for the week, with weekly trading volume increasing by nearly 20% compared to last week, hitting a new annual high. The CSI 300(000300) rose by 2.37%, with mid-cap and large-cap blue-chip sectors strengthening significantly, with finance and advanced manufacturing making notable contributions. Growth-style sectors performed impressively, with the Shenzhen Index(399001) and ChiNext(399006) surging 4.55% and 8.58% respectively. ChiNext has rebounded over 67% from its yearly low, with significant capital interest in Sci-Tech innovation and new energy tracks. In the Hong Kong stock market, the Hang Seng Index(HSI) rose 1.65%, also reaching an annual high, with capital inflows benefiting from accelerated net foreign investment and enhanced attractiveness of RMB-denominated assets.
In overseas markets, the Nasdaq Composite(0NDQC) and S & P 500 Index(0S&P5) both rose by 1.22% and 1.24% respectively, both setting new annual highs, with global technology and blue-chip stocks continuously attracting funding support. Internationally, US July CPI grew 2.7% year-over-year and 0.2% month-over-month, inflation is mild but Moody’s warned that the US may be on the brink of recession. Initial jobless claims were 224,000, showing resilience in employment, however, EIA crude oil inventories unexpectedly surged by 3.036 million barrels, putting pressure on energy prices. The Federal Reserve’s overnight reverse repurchase tool usage fell to a four-year low, indicating a loose liquidity environment. In terms of political risks, the “Putin-Trump” meeting will be held in Alaska, with Trump estimating a 25% chance of negotiation failure, leaving geopolitical uncertainties unresolved. On the global monetary policy front, differing paces of interest rate adjustments across countries could trigger a re-pricing of global assets.
On the macroeconomic front, China’s July financial data was impressive, with M2 growing 8.8% year-over-year, accelerating growth in social financing, steady credit issuance, combined with all 18.8 billion yuan of ultra-long-term special government bonds allocated, expected to support manufacturing and infrastructure investments. Policy-wise, the implementation of “dual discounting” measures will reduce financing costs for key sector enterprises, coupled with accelerated net inflows of foreign funds in July, boosting market confidence in China’s economy. People’s Daily noted that China’s economy exhibits strong resilience and vitality, with some foreign institutions also raising their growth forecasts for China.
Looking at sector performance, this week Computer Sftwr-Financial(G2821IG.CN)led the pack with a weekly gain of 17.31%. Market expectations for AI implementation in the financial sector have heated up, further pushing up capital pursuit intensity. Financial Svcs-Specialty(G6412IG.CN)followed with a weekly gain of 16.78%, mainly benefiting from policy-driven reforms of multi-level capital markets. Mid-year results exceeding expectations from some leading companies have boosted market confidence in future profitability. The Computer-Networking(G3574IG.CN)sector gained 12.66% for the week, benefitting from ongoing domestic information security initiatives, cloud computing, and AI computational power construction. Recent national policies and accelerated digital transformation among enterprises are driving sustained recovery in sector sentiment and capital inflows.
The TOP33 portfolio averaged a gain of 5.27% this week, with 26 stocks rising and 7 declining. Kingfa Sci.& Tech.’A'(600143)rose by 23.88%, which focuses on research and production of new chemical materials including modified plastics, biodegradable plastics, and high-performance carbon fiber, benefited from environmental protection policies and global demand for high-performance materials. It boasts an O’Neil Score of 84, RS Rating of 93, EPS Rating of 63, ranking 12th in the Chemicals-Plastics industry, with an Acc/Dis Rating of B, reflecting continuous institutional investor attention.
Entering next week, earnings season intensifies with 1205 companies in the A-share market disclosing performances, likely having a significant impact on structural market trends. Considering current market trends and sector momentum, leading stocks within strong sectors possessing high O’Neil Scores and favorable Acc/Dis Ratings remain the primary focus.
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published on August 15, 2025