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today, a-shares rose sharply across the board under the stimulation of a number of major positive factors, with all major stock indexes rising by more than 4%. the shanghai composite index soared by more than 100 points in a single day, regaining 2,800 points. the shenzhen component index even broke through the three integer barriers of 8,200 points, 8,300 points, and 8,400 points in one fell swoop. nearly 5,000 stocks in the two markets rose, and more than 100 stocks rose by more than 10%. the turnover increased sharply to 974.4 billion yuan, the largest turnover in more than four months.

after the closing, the a50 futures index continued to rise sharply, and as of press time it had risen by nearly 6%.

reviewing today's a-share market: all industry sectors were in the green with none falling, and nearly 30 concept sectors rose by more than 5%, among which diversified finance, brewing, daily chemical products, steel and other sectors led the gains.

wind real-time monitoring data also shows that all shenwan first-level industries received net inflows of major funds today, with non-bank financial institutions receiving a net inflow of more than 9.6 billion yuan, electronics receiving a net inflow of more than 7.8 billion yuan, and food and beverages receiving a net inflow of more than 6 billion yuan, ranking the top three industries with net inflows of major funds.

looking ahead to the market, citic securities believes that the bottom has been established and a correction is an opportunity. the net asset value ratio of all a-shares has reached 16.1%, exceeding the net asset value ratio of all previous market bottoms since 2005. investors' expectations for future fundamentals and policies are at an extremely low level. any slight improvement in economic data and policies will easily drive the market upward. therefore, it is recommended that investors start to think long, actively look for bottom layout opportunities, and seize the recovery market. if there are subsequent adjustments, they should further increase their positions.

qianhai kaiyuan fund pointed out that the policies to stabilize the economy will be further strengthened in the future, including continued efforts in fiscal policy. judging from the cold reception of new fund issuance and shrinking market trading volume in the early stage, the market that year already had the characteristics of a historical low. investors can seize the opportunity of the next round of market by investing in some high-quality stocks or high-quality funds.

in terms of hot spots, financial stocks exploded across the board, with diversified finance leading the gains. the sector index soared 8.03%, the largest single-day increase in 5 and a half years since february 2019, and the trading volume increased by more than 1 times compared with yesterday. all stocks in the sector rose, and nearly half of the stocks, including jianyuan trust, hyde shares, hyde shares, and avic industrial finance, hit the daily limit.

securities stocks also rose collectively, with the sector index soaring 5.86%, the largest increase in five months, and trading volume soaring from yesterday's 10.6 billion yuan to 49.6 billion yuan, an increase of 368%. all trading stocks rose, with pacific securities, capital securities, and guohai securities hitting their daily limits.

the internet finance sector also rose by more than 5%. yinzhijie hit the 20% daily limit three times on the 4th. compass, huijin technology, zhaori technology and others also closed at 20cm in batches. nearly 20 stocks such as ishares information, fortune trend, cross-border communication and xinli finance hit the daily limit or rose by more than 10%.

insurance and banking stocks also rose by more than 4%, with no stock falling. tianmao group hit its daily limit, while new china life insurance, china pacific insurance, bank of communications and changshu bank were among the top gainers.

at a press conference held by the state council information office this morning on financial support for high-quality economic development, pan gongsheng, governor of the people's bank of china, said that new monetary policy tools will be created to support the stable development of the stock market, including the securities, funds and insurance companies swap facility and the stock repurchase and increase special re-loan tools.

pan gongsheng pointed out that the proportion of funds provided is 1.75% of the service re-lending rate. when commercial banks provide loans to customers, the interest rate will be increased by 0.5 percentage points, that is, 2.25%. the first installment is 300 billion yuan. if this work is done well, it can be supplemented later. pan gongsheng also emphasized that the funds obtained can only be used in the stock market.

after the meeting, pan gongsheng responded to a question from a securities times reporter and said that the stabilization fund is under study!

huachuang securities pointed out that the rrr cut, along with the interest rate cut and the adjustment of the existing mortgage rate, has been implemented, and the policy strength and rhythm have exceeded expectations. at the same time, the expectations of related re-loans and the "16 financial measures" policy will also provide guarantees for the stability of bank asset quality. we are optimistic about the space and opportunities for pro-cyclical strategies, and recommend paying attention to china merchants bank, ningbo bank, changshu bank, etc. at the same time, we are optimistic about the improvement of market risk appetite and the boost to insurance and securities stocks, and recommend paying attention to leading insurance companies and leading securities companies, such as china life, new china life, citic securities, etc.