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Yesterday, the A-share monthly closing battle boosted morale. On that day, major indexes saw a long-awaited surge, with the Science and Technology Innovation 50 Index soaring nearly 5%, the largest single-day gain since March. The two markets traded over 900 billion yuan, an increase of 303.8 billion yuan from the previous trading day. There were 4,825 stocks rising in the Shanghai and Shenzhen markets, and only 235 stocks falling. From an industry perspective, brokerage stocks collectively exploded, driving related theme funds to collectively surge.

In this regard, Yimi Fund told reporters that the following are the main triggers for yesterday's market surge: First, the Political Bureau of the CPC Central Committee meeting held on July 30 released a lot of good news, focusing on boosting consumption, cultivating and expanding emerging industries, and preventing "involutionary" vicious competition. Funds unanimously expect that more powerful policies may be introduced in the future; second, the Federal Reserve's interest rate meeting in August is imminent, and the September interest rate cut may be reiterated at this meeting, and the interest rate cut cycle is about to begin; third, the repair of sentiment, the market has retreated for two consecutive weeks, and yesterday the Shanghai Composite Index fell to fill the small gap during the rapid rise in February this year, and the short-term downward inertia of sentiment has stopped. (Securities Times)