Steel and automobile sectors bucked the trend and led the gains

The three major A-share indexes collectively opened low and rebounded in the morning. The three indexes once collectively turned red, and then the trend differentiated. The Shanghai index fluctuated sideways, the gem index and Shenzhen composite index fell more than 1%, and the Shenzhen composite index fell 0.60%. Energy storage concept stocks differentiated in early trading, Sifang shares accelerated to top the word board, and Ketai power, yishite and Baichuan shares continued to rise. The semiconductor sector continued to rise, with Lihe micro rising by 20%, and Shengong shares and saimicroelectronics rising by more than 10%. Steel stocks collectively pulled in the session, Shougang took the lead in closing the daily limit, and Baotou Steel, Masteel and Valin steel followed. Auto stocks strengthened, Dongfeng Motor pulled up the sealing plate, and Chang’an Motor, BYD and Great Wall Motor followed up. Military, Baijiu, real estate and other sectors are weakening. Wangan, Hongmeng, gold, nonferrous metals and other sectors strengthened. On the disk, steel, automobiles, nonferrous metals and other sectors led, military, Baijiu, real estate and other sectors led.

Market news:

1. China’s financial data fell in July, and M2 increased by 8.3% year-on-year in July

According to the data released by the central bank, M2 increased by 8.3% year-on-year in July, compared with the previous value of 8.6%; New RMB loans reached 1.08 trillion yuan, an increase of 90.5 billion yuan over the same period last year, up from 212 thousand yuan in June. The increase in the scale of social financing was 1.06 trillion yuan, 636.2 billion yuan less than the same period last year, an increase of 3.67 trillion yuan in June; At the end of July, the stock of social financing scale was 302.49 trillion yuan, a year-on-year increase of 10.7%.

2. The CPC Central Committee and the State Council: strengthen law enforcement in key areas related to the vital interests of the masses, such as education and training

The CPC Central Committee and the State Council issued the implementation outline for the construction of a government under the rule of law (2021-2025), which proposed to strengthen law enforcement in key areas. We will strengthen law enforcement in key areas related to the vital interests of the people, such as food and drugs, public health, natural resources, ecological environment, production safety, labor security, urban management, transportation, financial services, education and training. Sort out the prominent problems strongly reflected by the masses in different fields and carry out centralized special rectification. For those with high potential risks and serious adverse consequences, strengthen daily supervision and law enforcement inspection to prevent and resolve illegal risks from the source. Establish and improve the system of punitive damages and huge fines for serious violations, and the mechanism of lifelong prohibition of entry, so that serious violators can pay their due price.

3. Ministry of industry and information technology: strengthen the management of intelligent networked automobile production enterprises and product access

The Ministry of industry and information technology issued opinions on strengthening the access management of intelligent networked automobile manufacturers and products. The opinions put forward that enterprises should establish data asset management accounts, implement data classification and hierarchical management, and strengthen the protection of personal information and important data. Build technical measures for data security protection, ensure that the data is continuously in the state of effective protection and legal utilization, and implement the requirements of data security risk assessment and data security event report in accordance with laws and regulations. Personal information and important data collected and generated during operations within the territory of the people’s Republic of China shall be stored within the territory of the people’s Republic of China in accordance with relevant laws and regulations. If it is necessary to provide data abroad, it shall pass the data exit security assessment.

4. Ideal automobile President: internal discussion on the possibility of returning to a shares

Shen Yanan, President of ideal automobile, said at the media communication meeting after the listing ceremony of ideal automobile in Hong Kong that the possibility of returning to a shares is not ruled out, and the matter is being discussed internally.

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