A-Share Review: Shanghai Composite Index Reaches 10-Year High, Shenzhen Composite Index Rises 3.36%, Semiconductor Chip Sector Strongly Bullish! Over 2600 Stocks Up; Institutional Insights
August 22, news, the Shanghai Composite Index created a new high for the year during trading hours, with the Shenzhen Composite Index rising 3.36%. In terms of sectors, the semiconductor chip sector continued to be strong, with Huaxin Microelectronics and Haina Information Technology leading the way; algorithm hardware remained active, with Foresight Securities and Xingchen Electronics rising sharply. The securities sector was also strong during the afternoon trading session, with Guangfa Securities and Sinodax Securities rising sharply.
As of the close of trading, the Shanghai Composite Index stood at 3825.76 points, up 1.45%; the Shenzhen Composite Index rose to 12166.06 points, up 2.07%; and the Shenzhen Composite Index rose to 2682.55 points, up 3.36%.
On the trading floor, state-owned funds, semiconductor chips, and storage chips were the top-performing sectors, while healthcare, big beans, and gas sector fell sharply.
Hot Sectors:
1. Securities
Guangfa Securities, Sinodax Securities, and China Merchants Bank were among the top performers in the securities sector.
2. PCB Concept Stocks
Honghua Technology, Hailiang Electronics, and Foresight Securities rose sharply in the PCB concept stock market.
According to a report by CITIC Securities, with the rapid construction of AI-powered infrastructure, demand for PCBs is expected to explode. Domestic manufacturers are actively expanding their high-end production capacity, with top-tier PCB companies expected to generate 419 billion yuan in investment projects from 2025 to 2026.
News:
1. “Fourteenth Five-Year Plan” Period State Drug Inspection Pass Rate Stabilized at Above 99.4%
During the “Fourteenth Five-Year Plan” period, China will comprehensively deepen pharmaceutical and medical device regulatory reforms, promoting high-quality development of the pharmaceutical industry, with state drug inspection pass rate stabilized above 99.4%. Wang Shoulin, vice director of the National Medical Products Administration, said that support will be given to enterprises in conducting clinical trials globally, reducing the global filing cycle for new drugs.
2. 【Grade Power and Zhejiang Zhidi Sign Cooperation Agreement to Jointly Develop Commercial Clean Robot Market】
According to a post on Grade Power's official WeChat account, on August 21, Grade Power signed a cooperation agreement with Zhejiang Zhidi Robotics Co., Ltd. (Zhejiang Zhidi) in Shanghai. This marks a major step forward for Grade Power's expansion into the field of robotics and artificial intelligence, as it will cooperate with Zhejiang Zhidi to jointly develop the commercial clean robot market.
3. 【Industry Theme Big Year: Over 100 Billion ETFs Increased to 22】
Domestic ETF scale reached 485 billion yuan, with a wide range of industry themes performing well. Industry theme strategy ETFs have had a big year, with over 100 billion yuan in assets under management. This includes the Hua'an Financial Technology ETF, which has risen sharply since its inception.
Institutional Insights:
According to a report by CITIC Securities, state-owned funds may be signaling a shift in asset allocation, with returns on deposits compressing and capital market "yield effect" emerging. Specifically, one factor is that commercial banks have been reducing their deposit costs through various channels since 2022, leading to reduced attractiveness for depositors.