侃股：估值回归是A股总市值创新高的主要原因

Group 1 - The core viewpoint is that the A-share total market value has reached a historical high primarily due to the valuation recovery of quality blue-chip stocks, which continues to provide upward momentum for the market value [1][2][3] - Valuation recovery reflects a rational correction of the market towards the intrinsic value of quality enterprises, aligning stock prices more closely with their profitability and growth potential [1][2] - The influx of capital into core asset stocks has driven up their prices, significantly contributing to the overall increase in A-share market value, particularly in sectors like consumption and finance [1][2] Group 2 - Valuation recovery not only contributes to the current high of the A-share total market value but also lays a solid foundation for future market development, enhancing overall market quality [2][3] - The recovery of blue-chip stock valuations is expected to attract more long-term capital into the market, creating a virtuous cycle that optimizes resource allocation towards more competitive enterprises [2] - Future prospects indicate that if the valuation of quality blue-chip stocks continues to rise, the A-share total market value is likely to keep increasing, supported by steady economic recovery and ongoing policy support [2][3]