政策与资金双轮驱动 A股市场中长期向好趋势明显

Group 1 - The A-share market has experienced a significant recovery since the "9.24" market event in 2024, with the Shanghai Composite Index rising by 36.99%, the Shenzhen Component Index by 49.92%, and the ChiNext Index by 81.39% from September 24, 2024, to September 4, 2025 [1] - The margin trading balance in the A-share market has remained above 2 trillion yuan from August 5 to September 3, 2024, indicating strong liquidity [1] - The Shanghai Composite Index is considered a key benchmark for asset allocation due to its broad industry coverage and high correlation with the macro economy, making it sensitive to policy changes [1] Group 2 - The ETF products linked to the Shanghai Composite Index, such as the Fortune Shanghai Composite Index ETF (510210), have shown high transparency, low cost, and strong liquidity, making them suitable for long-term investment [1] - Since the "9.24" event, the Fortune Shanghai Composite Index ETF has increased by over 40%, demonstrating the ability to generate excess returns compared to the index [1] - Regulatory bodies have introduced favorable policies to support the healthy development of the stock market, including optimizing trading mechanisms and encouraging long-term capital inflow [1] Group 3 - Multiple institutions maintain an optimistic outlook for the A-share market, citing factors such as liquidity support and rising policy expectations, with a forecast of continued upward trends in the medium to long term [2] - The position of the Shanghai Composite Index as a benchmark for asset allocation is expected to strengthen due to trends like the migration of household savings and declining risk-free interest rates [2] - Investors are encouraged to utilize related ETF products to seize systematic investment opportunities amid China's high-quality economic development [2]