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In the morning trading today, A-shares surged with large volume, the Shanghai Composite Index regained 2,900 points, the Shenzhen Component Index broke through three integer barriers of 8,500 points, 8,600 points and 8,700 points, and the Science and Technology Innovation 50 Index surged by nearly 4%. More than 4,800 stocks in the two markets rose, and trading showed a rapid expansion trend.

On the market, public transportation, securities, tourism, humanoid robots and other sectors led the gains, while electricity, aviation, telecommunications operations, shipping and other sectors made slight adjustments.

In addition, the FTSE China A50 Index futures also rose strongly.

Travel stocks rose across the board

Tourism stocks rose across the board in the morning, with the sector index opening higher and rising by more than 4%. The trading volume exceeded the whole day's trading volume in less than an hour after the opening. All stocks rose, with Yunnan Tourism hitting the daily limit, and Utour, Songcheng Performing Arts, Jiuhua Tourism and others rising strongly.

Yesterday, the 2024 "Follow Movies to Travel" event, jointly organized by the Film Bureau of the Publicity Department of the CPC Central Committee and the Resource Development Department of the Ministry of Culture and Tourism, held a national launching ceremony in Hangzhou, Zhejiang. The event aims to promote the in-depth integration and development of film and tourism, better shape tourism with culture and promote culture with tourism, achieve mutual empowerment and win-win results, promote the continuous expansion and upgrading of film and tourism consumption during holidays such as summer vacation and National Day, meet the people's growing spiritual and cultural needs, and help the high-quality development of the film and tourism industries.

The Ministry of Culture and Tourism has also selected and launched 82 national rural tourism boutique routes of "creating the beauty of the countryside", taking tourists to see ancient buildings, visit relics, trace their roots, and taste culture. The special topic of national rural tourism boutique routes has been launched on the homepage of the Ministry of Culture and Tourism's official website.

In addition, on July 30, the National Immigration Administration issued an announcement that from that day on, the 144-hour visa-free policy for foreign tourist groups from Hong Kong and Macao to enter Hainan will be implemented. According to the data of the National Immigration Administration, in the first half of this year, 14.635 million foreigners entered the country through ports across the country, an increase of 152.7% year-on-year, and 8.542 million foreigners who were eligible for the visa-free policy came to China, an increase of 190.1% year-on-year, of which 4.361 million came to China for tourism, an increase of 5.4 times year-on-year, and the number of people eligible for the 72/144-hour transit visa-free policy increased by 4 times year-on-year.

Since the beginning of the summer vacation, the tourism market has continued to be hot. Tongcheng Travel data shows that since July, the popularity of some mountain scenic spots suitable for summer vacation has increased by more than 100%, becoming a summer resort for outdoor enthusiasts. The popularity of tourism in major coastal cities in China has increased across the board. Among them, the search popularity of tourism in northern coastal destinations such as Qingdao, Dalian, and Qinhuangdao has increased by more than 50% month-on-month, making them the most popular seaside summer resorts in summer.

The latest data from the China Railway Corporation also shows that since the start of the summer travel season, from July 1 to 15, the national railway has transported a total of 211 million passengers, a year-on-year increase of 6.5%, with an average daily passenger volume of 14.034 million. The China Railway Corporation predicts that from July 1 to August 31, the national railway is expected to transport 860 million passengers, with an average daily passenger volume of 13.87 million, a year-on-year increase of 3.61%.

CITIC Securities said that the demand for outbound travel continues to recover, and the resilience of leisure travel consumption demand continues to be verified. In the second half of 2024, the trend of "travel enthusiasm" and "affordable choice" remains clear. Maintaining the view that outbound demand > domestic holiday leisure demand > domestic business travel demand > domestic daily optional demand, it is recommended to configure OTA, scenic spots, and gambling, and pay attention to the turning points of duty-free, hotel and other industry data.

Securities firms frequently receive favorable policies

Brokerage stocks collectively rose in the morning, with the sector index rising unilaterally by nearly 6%, the largest increase in more than three months, and the trading volume in less than an hour exceeded the whole day's trading volume yesterday. Jinlong shares rose to the daily limit, the fifth time in eight trading days; Huaxin shares, Tianfeng Securities, Pacific Securities, Guosheng Financial Holdings and others all closed the board strongly.

The Political Bureau of the CPC Central Committee held a meeting yesterday to analyze and study the current economic situation, deploy economic work in the second half of the year, and review the "Regulations on Rectifying Formalism to Reduce Burdens on Grassroots Units". When mentioning the capital market, the meeting emphasized the need to coordinate risk prevention, strengthen supervision, promote development, boost investor confidence, and enhance the inherent stability of the capital market.

Wu Qing, Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission, recently held a special symposium and delivered a speech. The content mainly covered "coordinated development of investment and financing", "active M&A and restructuring market", "development of private equity and venture capital market" and "expanding capital market opening", aiming to promote the comprehensive and in-depth reform of China's capital market, increase market activity, attract long-term capital, and further enhance the market's internationalization level.

Judging from the published 2024 interim reports or forecasts, brokerage stocks generally saw steady growth in performance in the first half of the year. Huaan Securities and Guoyuan Securities reported interim net profits of 8.65% and 9.44% year-on-year respectively. Hongta Securities' semi-annual performance is expected to increase by 52.27%, Dongxing Securities is expected to increase by 51.47%-80.05%, and Capital Securities is expected to increase by 65.44%-79.98%.

Wind data statistics show that since the beginning of this year, more than 2.8 billion yuan of funds have net flowed into securities ETFs, of which more than 1 billion yuan of funds have net flowed into E Fund Hong Kong Securities ETF; more than 500 million yuan of funds have net flowed into Tianhong Fund Securities ETF and Southern Fund Securities ETF; more than 300 million yuan of funds have net flowed into Huabao Fund Broker ETF; and more than 100 million yuan of funds have net flowed into Yinhua Fund Broker ETF.

Cinda Securities said that looking forward to the future, the securities industry is expected to receive support from multiple mechanisms in terms of assets, funds, and transactions, and may benefit from market mechanism optimization, improved resource allocation efficiency, green finance, and technological innovation. From an investment perspective, it is recommended to pay attention to leading securities firms and securities firms with M&A prospects.

Editor: Peng Bo

Proofreading: Zhu Tianting