重磅信号！下周A股，猛攻3900点！

Market Overview - A-shares experienced a pullback after reaching a 10-year high, with the Shanghai Composite Index down 1.3% for the week, while the Shenzhen Component and ChiNext Index rose by 1.14% and 2.34% respectively [1] - The total trading volume for the week increased to 12.59 trillion yuan, with a daily trading volume exceeding 2 trillion yuan for 28 consecutive trading days [1] - The market's adjustment is seen as a normal rotation of profit-taking, with analysts suggesting limited downside potential and a likely continuation of an upward trend [1][4] Sector Performance - The electronics sector saw a net inflow of 41.6 billion yuan for the week, leading all industries, with a total net inflow of 104.5 billion yuan over the past 20 trading days [2] - Other sectors such as machinery, automotive, and telecommunications also received significant net inflows, while the non-ferrous metals and pharmaceutical sectors experienced notable outflows [2] - The tourism sector showed strength ahead of the Mid-Autumn and National Day holidays, with the tourism index reaching a 4.5-year high [5][6] Investment Trends - Margin trading balances in the A-share market have risen to over 2.4 trillion yuan, marking a historical high, with significant net purchases in the manufacturing sector [2] - Analysts from various firms suggest that the current bull market remains intact, with a focus on sectors such as AI, solid-state batteries, and semiconductors as key investment themes [3][4] - The upcoming "14th Five-Year Plan" is expected to increase investor attention on long-term reform directions, with a focus on economic development and innovation [3] Upcoming Events - The People's Bank of China will issue central bank bills in Hong Kong, and the Ministry of Finance plans to reissue 157 billion yuan of 3-year government bonds [7][8] - The upcoming LPR (Loan Prime Rate) announcement is anticipated, with the previous rates set at 3.0% for 1-year and 3.5% for 5-year loans [9] - A series of significant events, including the National Cultural and Tourism Consumption Month and various economic forums, are scheduled, which may impact market sentiment [10][13]