Pre-market report of A-shares | CSRC once again makes a major announcement! Positive news for the 7 trillion yuan industry.

Pre-market headlines 1. CSRC: Resolutely maintain the stable operation of the capital market and continuously improve the convenience of foreign participation Type: Macro Sentiment Impact: Positive China Securities Regulatory Commission Chairman Wu Qing met with CEO Graham of the Canadian pension fund investment company in Beijing. Wu Qing stated that the CSRC will resolutely maintain the stable and healthy operation of the capital market and continue to improve the convenience of foreign participation in the capital market. Graham expressed that the Canadian pension fund investment company highly values and continues to be optimistic about the results of China's economic reform and development. In the future, they will continue to adhere to the value investment philosophy and actively invest in China. 2. Google and Tesla financial reports released! Stock prices both decline, Google's annual capital expenditures increased by 8% Type: Company Sentiment Impact: Neutral Alphabet, Google's parent company, announced second-quarter earnings, with cloud business revenue reaching $24.768 billion, a year-on-year increase of 82%, the fastest growth rate in recent years. However, Google's annual capital expenditures increased by 8%, causing market concerns about whether the significant capital expenditures will bring corresponding returns, leading to a 4% drop in stock price after hours. In addition, Tesla reported second-quarter revenue of $28.24 billion, over 7% higher than expected, but profits were significantly lower than expected, with earnings per share dropping by 18% year-on-year. Stock prices dropped by over 5% after the financial report was released. 3. Beijing State-Owned Assets Management: Nearly 10 billion yuan of capital has been invested in the stock market Type: Market Sentiment Impact: Positive On July 22, Beijing State-Owned Capital Operation Management Co., Ltd. stated that it is optimistic about the development prospects of China's capital market. So far, Beijing SOAM has invested nearly 10 billion yuan of its own funds in the stock market. On the same day, Beijing SOAM announced that it will intensify its efforts to increase its shareholding in listed companies, promote the merger and reorganization of listed companies, and play the role of long-term capital, patient capital, and strategic capital. At the same time, it will increase dividends and respond promptly to market concerns. 4. Securities trading stamp duty revenue in the first half of the year reached 154.9 billion yuan, a 97% increase, the highest in ten years Type: Macro Sentiment Impact: Positive In the first half of the year, securities trading stamp duty revenue reached 154.9 billion yuan, a 97.3% year-on-year increase, the highest in ten years. Why did it grow so rapidly? One reason is the substantial increase in trading volume; second is the high turnover rate of existing funds; third is the increasing contribution of quantitative funds to tax payments; fourth is the continued growth of margin trading balance, amplifying trading volume. Analysts say that whether the active trading market can continue depends ultimately on market conditions and investor confidence.