According to Jinshi Data, CITIC Securities Research pointed out that the country's existing policies are being implemented in an orderly manner, and subsequent incremental policies still need to be implemented, and the effectiveness of the policies still needs to be observed.

External signals show that the US dollar interest rate cut is expected to be implemented in September. After the concentrated disclosure period of mid-year reports next week, market sentiment is expected to bottom out and rebound, and investors are more sensitive to liquidity expectations.

The scale and actual impact of the opening of closed-end public offerings upon maturity are very limited. It is expected that market volume and price will continue to bottom out. At present, it is still recommended to focus on the two main lines of dividends and overseas expansion, and then turn to the main line of high-performance growth and domestic demand after the market turning point appears.