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According to CICC, in combination with the statement of the Economic Work Conference, the impact on A shares is positive, and the "year-end and year-end market" will continue despite twists and turns. China's economic growth and the pace of policy introduction have always been the core factors affecting the sentiment of A-share market. With the interest rate cuts by overseas Federal Reserve and domestic policies, investors' risk appetite in 2025 is expected to be better than that in 2024, and structural opportunities are expected to increase further. The follow-up period will still be the window period for the policy to land, which will help boost investor confidence...... 1) What is the starting economy? Why is it hot?

Personal re-offer is for reference only...... 2) The follow-up period will still be the window period for the policy to land, which will help boost investor confidence...... 1) What is the starting economy? Why is it hot?

Ⅳ) Industrial capital flowⅣ) Industrial capital flowⅢ) Individual stock analysis