A股三大指数高开高走，创业板指涨逾2%

Core Viewpoint - The A-share market is performing well, with major indices rising, driven by positive internal and external factors [1] Market Performance - As of the report, the three major A-share indices are up, with the ChiNext Index increasing by over 2.00%, the Shanghai Composite Index rising by 0.25%, and the Shenzhen Component Index up by 0.90% [1] - Nearly 2000 stocks in the Shanghai, Shenzhen, and Beijing markets have seen price increases [1] External Factors - The weak U.S. labor market, with July non-farm payroll data falling short of expectations and previous months' data being significantly revised down, has raised concerns about the U.S. economy [1] - This situation has led to heightened expectations for a potential interest rate cut by the Federal Reserve in September, which may improve overseas liquidity [1] Internal Factors - Domestic policies are actively supporting the market, and the fundamental economic conditions remain resilient, which is expected to support domestic asset prices [1] - The combination of "anti-involution and major infrastructure" policies is likely to optimize the supply-demand structure, leading to stabilization and improvement in overall profitability and return on equity (ROE) across the A-share market [1] Future Outlook - With the systematic decline of domestic risk-free interest rates and the spillover of overseas dollar liquidity, incremental capital is expected to continue flowing into the market [1] - The market is anticipated to transition to a performance-driven phase, with the index's central tendency gradually moving upward as earnings improve [1]