RoboTaxi Investment Insights | New Policies Drive Faster Deployment
yesterday's market fluctuations led to a surge, with the ChiNext Index leading the way. The Shanghai and Shenzhen stock exchanges saw total trading volume of 1.8 trillion yuan, up 609 billion from the previous trading day. Sector-wise, CRO, steel, CPO, and advanced packaging stocks led the gains, while insurance, pork, banking, and agriculture stocks fell. As of yesterday's close, the Shanghai Composite Index rose 0.33%, the Shenzhen Component Index rose 0.64%, and the ChiNext Index rose 1.86%.
during today's broker's meeting, Haitong Securities pointed out that the new policy in Shanghai will drive Robotaxi to accelerate; CITIC Securities stated that the tendering for server procurement has started, recommending attention to innovative board investment opportunities; and China Gold Asset Management believes that US steel prices may remain at high levels in the short term or move upwards over the long term.
Haitong Securities: Shanghai New Policy Drives Robotaxi Acceleration
Haitong Securities pointed out that the Shanghai policy push in 2025 is a milestone for the Robotaxi industry to transition from "demonstration" to "commercialization". On the policy front, on July 26th, Shanghai released the "Mod Speed Intelligent Traffic Action Plan", which clarified the production timeline and scale goals for L4 autonomous driving. Road rights-wise, the entire Pudong area will be open by 2025, providing a global-leading complex application scenario; commercially, Shanghai has issued its first "pilot operation" license, allowing commercial trials to operate, which will accelerate the construction of L4 enterprises' commercial closed-loop systems. Recommended attention: core technology solution providers, scene application integration providers, and high-growth hardware suppliers.
CITIC Securities: China Unicom Server Procurement Tender Starts; Recommends Attention to Innovative Board Investment Opportunities
CITIC Securities pointed out that China Unicom has released its 2025 common server procurement requirements, with a domestic ratio exceeding 90%, significantly higher than the previous proportion. The innovative board sector remains optimistic, with tender quantities and scales both experiencing positive growth. Sub-sectors such as database companies in the innovative board sector saw high-growth in their 2025 H1 results, confirming the industry's high optimism, while other sub-sectors with longer confirmation cycles may see improvements or growth in the second half.
China Gold Asset Management: US Steel Prices May Remain at High Levels in Short-Term or Move Upwards Over Long-Term
China Gold Asset Management stated that since the beginning of 2025, US hot-rolled coil (HRC) prices have risen by 35% to $900 per ton, with high attention from the steel industry. China Gold Asset Management believes that the current US steel industry is driven by policies and has a supply-side tightness status that may continue, with steel prices potentially remaining at high levels in the short-term or moving upwards over the long-term.