Main recommendations
Science and technology innovation board's refinancing measures come out.
Xu Xiaodong, Chief Expert of China Mobile: The whole world will further set off the upsurge of comprehensive construction of 5G.
Market review
Market Comments: The stock index rebounded to a record high, brokerage stocks led the gains again, and the structural market performed brilliantly.
Macro view: 5G commercialization has made great progress, and the trillion-dollar market is about to break out, so we should actively seize relevant opportunities.
Securities industry: the pilot of registration system has been accelerated, the integration of large investment banks has been accelerated, and leading brokers have benefited more.
Futures information
Metal energy: gold 400.48, up 0.28%; Copper 48850, down 0.69%; Rebar 3573, up1.33%; Rubber 10790, up1.51%; The PVC index was 6295, up1.78%; Zheng Chun 1823, up1.84%; Shanghai Aluminum 13895, up by 0.43%; Iron ore was 729.5, up 0.62%; Coke 1866.5, flat; Coking coal 1 187.5, up by 0.42%; Brent oil 43.20, up 0.09%; Shanghai nickel 105580, up 3.13%;
Agricultural products: soybean oil 5796, up 0.94%; Corn 2 1 15, up 0.76%; Palm oil 50 12, up1.42%; Zheng Mian 12090, up by 0.67%; Zhengmai 25 14, down 0.36%; Sugar 5026, up1.23%; Apple 8042, up 0.53%; Jujube 9960, up 0.71%;
Exchange rate: Euro/USD 1. 12, up by 0.07%; USD/RMB 7.07, up 0.05%; USD/HK$ 7.75, down 0.0 1%.
Second, the key recommendation
1, science and technology innovation board refinancing measures come out.
Event: On July 3, the CSRC issued the Measures for the Administration of Securities Issuance and Registration of Listed Companies of Science and Technology Innovation Board (Trial) (hereinafter referred to as the Measures for Refinancing Science and Technology Innovation Board), which will take effect as of the date of promulgation. The Measures for the Refinancing of Science and Technology Innovation Board sets the basic conditions for the refinancing of listed companies with science and technology innovation board, supports the convenient financing of high-quality listed companies with development potential and high market recognition, further smoothes the circulation mechanism of science and technology, capital and real economy, and accelerates the transformation of scientific and technological achievements into real productive forces.
Comments: The promulgation of the Measures for Refinancing Science and Technology Innovation Board helps to support the refinancing of high-quality listed companies with development potential, and stipulates that the raised funds should be invested in the field of scientific and technological innovation, which is of great help to China's economic transformation. The capital market will also reflect the changes in the economic structure, and the structural market represented by science and technology is expected to continue to be interpreted in the future.
(investment consultant Zhong Yanling registered investment consultant certificate number: S02606 13020024)
2. Xu Xiaodong, Chief Expert of China Mobile: The whole world will further set off the upsurge of 5G comprehensive construction.
Event: On the evening of July 3rd, the international standards organization 3GPP announced that it would freeze the 5G R 16 standard. Xu Xiaodong, vice chairman of the 3GPP RAN Plenary Session and chief expert of China Mobile, said in an interview with the reporter of Securities Times E Company that through the two technical versions of R 15 and R 16, the technical capability of 5G has been relatively comprehensive, and it can better accept the challenges of various applications. From the perspective of the global deployment of 5G, equipment vendors, operators, terminal manufacturers or other application providers can take more active actions, and the whole world will further set off the upsurge of 5G overall construction.
Comments: The implementation of the new 5G standard will further promote the development of 5G applications with its higher requirements of high reliability and low latency, which is of great significance to the industrial Internet, car networking and other fields, and related companies are expected to benefit.
(investment consultant Zhong Yanling registered investment consultant certificate number: S02606 13020024)
Third, the market review
Market Comments: The stock index rebounded to a record high, brokerage stocks led the gains again, and the structural market performed brilliantly.
Last Friday, the market continued to increase in volume, and the two cities traded1171600 million. Disk observation, brokerage concept, insurance, coal mining, stock futures and other sectors were among the top gainers, while liquor, food and beverage, 3D cameras and other sectors were among the top losers. The daily limit of the two cities was 100, and the northward capital flowed into13.2 billion again that day. The industry sector showed a general increase pattern across the board, among which the brokerage and insurance sectors led the gains strongly. Considering that the current economic recovery and continuous improvement of liquidity will support the market to continue to improve in the medium term, it is suggested to actively grasp the investment opportunities with profit recovery as the main line, giving priority to brokerage, home appliances, building materials, semiconductors, new energy vehicles and other fields. The stock market is risky, so you need to be cautious in investing.
(investment consultant? Where's Gu? Registered Investment Consultant CertificateNo.: S026066 1 1020066)
Macro view: 5G commercialization has made great progress, and the trillion-dollar market is about to break out, so we should actively seize relevant opportunities.
Event: On the evening of July 3rd, the international standards organization 3GPP announced that the 5G R 16 standard was officially frozen, marking the completion of the first evolution version of the 5GR standard. The function update of the standard is mainly aimed at two major application scenarios of 5G in the Internet of Things, namely, large-scale Internet of Things services and low-latency and high-reliability services.
Comments: The freezing of R 16 version has improved the efficiency of 5G and further enhanced its ability to better serve industry applications, that is, it has further entered all walks of life and spawned new digital eco-industries. For example, for vehicle networking applications, it supports direct communication between V2V (vehicle-to-vehicle) and V2I (vehicle-to-roadside unit). By introducing multicast, broadcast and other communication modes, V2X can support more abundant vehicle networking application scenarios such as vehicle formation, semi-automatic driving, extended sensors and remote driving. In industrial applications, a variety of 5G air interface positioning technologies have been introduced, and the positioning accuracy has been improved by more than ten times, reaching the meter level. In the business field with low delay and high reliability, such as introducing new technology to support 1 microsecond synchronization accuracy and 0.5- 1 millisecond air interface delay, the end-to-end delay within 5 milliseconds and higher reliability can be realized at the earliest, supporting industrial-grade time sensitivity. The freezing of 5G R 16 standard is expected to catalyze the theme investment opportunities and actively pay attention to the beneficiary sub-industries.
(Investment Consultant Gu registered investment consultant certificate number: S026066 1 1020066)
Securities industry: the pilot of registration system has been accelerated, the integration of large investment banks has been accelerated, and leading brokers have benefited more.
The integration of large investment banking business of securities firms has accelerated, and leading securities firms have benefited more. 1) The pilot registration system will lower the listing threshold and financing cost of the GEM, increase the proportion of direct financing, and help the growth of emerging industries; 2) The registration system helps to improve the market pricing ability, and the loosening of the price limit and the perfection of the delisting mechanism will accelerate the market metabolism, thus improving the quality of listed companies, enhancing market activity and benefiting the self-operated and brokerage business of brokers; 3) Accelerating the supply-side reform of the capital market will bring incremental income to the underwriting business and financial consulting business. At the same time, it will put forward higher requirements for the pricing ability and sales ability of brokers, accelerate the integration and transformation of large investment banks, and make leading brokers and boutique investment banks with strong investment banking business have more advantages. It is recommended to actively pay attention to head brokers.
(Investment Consultant Gu registered investment consultant certificate number: S026066 1 1020066)