A-shares opening express | A-shares collectively open low, Shanghai Composite Index falls by 0.25%, storage chips and other sectors lead the decline.

The three major A-share stock indexes collectively opened lower, with the Shanghai Composite Index dropping 0.25% and the ChiNext Index falling 0.9%. On the market, the storage chip, flammable ice, cultured diamonds, and CPO sectors led the decline. Institutional views on the future market Guotai Haitong: A new round of financial policies and capital market reform deployment is imminent, and the Chinese stock market's "transformation bull" still has new highs Guotai Haitong stated that a new round of financial policies and capital market reform deployment is imminent, which is expected to further promote economic transformation, sink risk-free returns, and boost various sectors' perception of the value of Chinese assets. The Chinese stock market's "transformation bull" still has new highs. EB SECURITIES: Multiple positive factors are stacking up, and the market may continue to show strong performance. Focus on TMT and advanced manufacturing sectors in the medium term EB SECURITIES stated that the market is expected to maintain a strong performance in the short term. On the one hand, the Fourth Plenary Session of the 20th CPC Central Committee proposed the main goals for economic and social development in the "14th Five-Year Plan" period, and the new round of policy deployment is expected to boost market confidence. On the other hand, the new round of China-US economic and trade negotiations, coupled with the possibility of further interest rate cuts by the Federal Reserve in October, may elevate market risk appetite. Overall, multiple positive factors are expected to support the market's strong performance in the short term. In the medium term, listed companies' profits are expected to improve, providing new impetus to the market. Currently, the profits of listed companies are still waiting to stabilize, and the economic recovery process is relatively slow, but some data in certain areas have shown improvement. In addition, domestic exports may continue to remain resilient in the future, and the sustainability of domestic demand improvement may exceed expectations. Overall, with policy support, A-share profits in the fourth quarter are expected to slightly rebound, providing new impetus to the market. In terms of industry allocation, focus on TMT and advanced manufacturing sectors in the medium term, and if the market experiences volatility, pay attention to stagnant sectors such as high dividend and consumer sectors. Orient: The battle to breach the 4000-point mark enters the final stage, short-term uptrend will not be smooth sailing, focus on technology themes Orient stated that market data statistics show that the stocks contributing the most to the rise of the Shanghai Composite Index are still mainly bank stocks and "A-share" stocks. There is also a leading AI company like Foxconn Industrial Internet, and multiple technology themes such as storage chips, AI PCs, photolithography glue, and CPO are leading in terms of gains, which is a typical reflection of the market's recent characteristics. In the short term, it is worth investors continue to track. This article is reprinted from "Tencent Stock Selection". Editor: Feng Qiuyi.