In the morning of today, A-shares were on the rise as a whole. The Shanghai Composite Index opened high and closed high, breaking through 3,400 points during the session, setting a new high for the year; important stock indexes such as the Shanghai and Shenzhen 300 and Shanghai Composite 50 also rose by more than 1% during the session, marking a rebound. New high.

On the market, ships, oil, banks, the Belt and Road Initiative ranked among the top sectors, while hotels, catering, tourism, media and entertainment, real estate ranked among the top sectors. The net inflow of northbound funds was 2.797 billion yuan.

It is worth noting that bank stocks continue to be the backbone of leading the market's upward trend. The sector index rose by nearly 7% at the highest, setting a record high. Half-day transactions exceeded the previous trading day and the whole day of the trading day. CITIC Bank hit the daily limit strongly, and has risen nearly this year. 50%; Xi'an Bank once hit the daily limit during the session; Bank of China, China Construction Bank, Agricultural Bank of China, Industrial and Commercial Bank of China all rose by more than 6%. Among the top 10 funds with ETF gains, nine of them are banking.

Driven by the financial sector, the China Special Valuation Concept has been active intraday trading on the 8th. As of press time, stocks in the sector have hit the daily limit on a large scale.

The Belt and Road Initiative hits a record high in 8 years

The Belt and Road Initiative opened high in the morning, and rose more than 3% during the session, setting a record high in the past eight years since June 2015. The half-day transaction was close to the full-day transaction on the previous trading day. Qingang shares hit the daily limit in a row, which is the fourth consecutive time the stock has hit a daily limit, with the stock price hitting a new high in more than four years; China Publishing has also hit a daily limit for three consecutive times, and has achieved a total of 7 daily limits in the past month, with a cumulative increase of more than 120 yuan during the period. %; More than 10 stocks including China Haicheng, Tielong Logistics, Design Institute, etc. also hit the daily limit or rose by more than 10%.

According to the Ministry of Foreign Affairs website today morning, the China-Central Asia Summit will be held in Xi'an, Shaanxi Province from May 18 to 19. President Xi Jinping will preside over the summit. Kazakh President Tokayev, Kyrgyz President Zaparov, Tajikistan President Rahmon, Turkmenistan President Berdemuhamedov and Uzbekistan President Mirziyoyev will be invited to attend the meeting.

As the Sino-US game continues to deepen and the international environment becomes increasingly complex, the Belt and Road Initiative is of great strategic significance to achieving my country's economic growth, maintaining external security, and enhancing economic and financial stability. The market generally expects that the China-Central Asia Summit will create the next golden 30 years of Central Asia-China relations. Related landmark projects are expected to be implemented in a concentrated manner, which will promote the rapid growth of the performance of leading enterprises.

Public data statistics show that in 2022, the bilateral trade volume between China and the five Central Asian countries reached about US$70.2 billion, an increase of about 40% year-on-year, an increase of about 100 times compared with the establishment of diplomatic relations. China has become an important economic and trade partner of the five Central Asian countries. one. China is the largest trading partner of Uzbekistan, Kyrgyzstan and Turkmenistan, the second largest trading partner of Kazakhstan, and the third largest trading partner of Tajikistan.

Guosheng Securities believes that the "China Five Central Asian Countries" summit is about to be held, and the theme of the Belt and Road Initiative is ushering in a major catalysis. This summit is expected to deepen cooperation among countries and promote the accelerated implementation of more landmark projects. Trade exchanges will also put forward higher requirements for infrastructure construction such as railways, highways, ports, etc., and are expected to promote the release of infrastructure demand in countries along the route. Cooperation and investment in the fields of energy, chemical industry, metallurgy is expected to accelerate, further expanding overseas professional engineering needs. In addition, as a "bridgehead" to Central Asia, it is expected that the number of local ports, highways and railway construction will increase significantly with the interconnection between China and Central Asia.

Military industry stocks strengthen collectively

The defense and military industry stocks rose collectively again in the early trading, with the ship sector leading the way, with the intraday volume soaring by more than 8%, hitting a new high in the past three years, and the half-day transaction exceeded the previous trading day for the whole day. All individual stocks in the sector rose, China Shipbuilding and China Shipbuilding Technology hit the daily limit strongly, and China Shipbuilding Defense, China Power and others also approached the daily limit.

The aviation sector also opened high and closed higher, with a surge of more than 2% during the session, with Aerospace Rainbow and Tianao Electronics leading the gains. Related sectors such as national defense and military industry, satellite navigation, and military-civilian integration have strengthened one after another. China Shipbuilding Hanguang hit the daily limit by 20%, while Saiwei Electronics and other daily limit may hit the daily limit by more than 10%.

According to news this morning, my country successfully launched a reusable test spacecraft at the Jiuquan Satellite Launch Center. After 276 days of flight in orbit, it successfully returned to the scheduled landing site on May 8. The successful success of this experiment marks an important breakthrough in the research on reusable spacecraft technology in my country, and will provide a more convenient and cheap round trip method for peaceful use of space.

In addition, according to the China Manned Space Engineering Office, on May 7, 2023, Beijing time, the Tianzhou-6 cargo spacecraft and the Long March-7 Yao-7 launch vehicle combination were transported vertically to the launch area. At present, the facilities and equipment of Wenchang Aerospace Launch Station are in good condition. Various functional inspections, joint testing and other work will be carried out as planned in the future. The launch will be carried out at an appropriate time in the near future.

With the continuous development of smart cities, the demand for high-precision satellite navigation and positioning services has gradually increased. Navigation satellite systems can provide high-precision service support for cities, and can provide a large number of smart devices, transportation, safety monitoring, urban management and other fields. Provide strong support. Some institutions predict that my country's satellite navigation and location services are expected to exceed one trillion market size in 2026, and the average compound growth rate from 2022 to 2026 will reach 16.69%.

In addition, my country's shipbuilding industry has also achieved good results. According to data from the China Shipbuilding Industry Association, my country's new shipbuilding orders received in the first quarter of this year were 15.18 million dwt, an increase of 53% year-on-year, ranking first in the world. Among them, the new orders received by bulk carriers, oil tankers, container ships and gas ships in the first quarter of 2023 increased by 16%, 380%, 4%, and 12% year-on-year respectively.

Debang Securities' research report pointed out that after the 2022 annual reports and the 2023 first quarter results are implemented, the current valuation is less than 30 times, and it is expected to usher in a rebound in valuation. At the same time, in combination with the overall delivery rhythm of the military industry in 2023, the 2023 interim report may be a window period for the performance of military industry targets. The interim report cashing and valuation rebound may allow some high-quality stocks to usher in the investment opportunities of Davis double-click.