Tianfeng Securities: From "anti-inner friction" to "steady growth", emphasis on the colored market under strong policy expectations.

Tianfeng Securities pointed out that from the important meeting on July 1st mentioning "anti-inner loop" again, to the recent Ministry of Industry and Information Technology specifically mentioning ten key industries for "stable growth", the logic of "anti-inner loop" may have developed from specific to comprehensive and fully blossomed. With strong policy expectations, market sentiment has been boosted, and bulk commodities saw a general rise during Friday's night session. Steel and non-ferrous metals are the first among the "ten key industries" named, and the Ministry of Industry and Information Technology specifically mentioned the high-quality development of the three sub-industries of copper, aluminum, and gold. The emphasis is evident, and the commodity end has already been prematurely interpreted, so it is imperative to pay attention to the equity end of the market.