Yesterday, the Shanghai Composite Index broke through the high point of February 2021 during trading, reaching a new high since August 2015, while the ChiNext Index rose nearly 3%. The market saw a total turnover of 2.7 trillion yuan throughout the day, an increase of over 500 billion yuan compared to the previous trading day, with over 4,000 stocks in the two markets experiencing gains.
Industrial Securities believes that as the market continues to warm up, the advantages of institutional investors in this round of market conditions are becoming increasingly evident, further resonating with the current trend of a ‘slow bull’ and ‘healthy bull’, thereby achieving positive cycles.
Financial data for July shows a significant increase of 2.14 trillion yuan in deposits at non-bank financial institutions, an increase of 1.39 trillion yuan year-on-year, reflecting a structural change in the flow of funds, with household funds gradually…
