FII(SH:601138) Quan Jing Wang·2025-09-24 06:46Group 1 - The A-share market has experienced a significant bull market over the past year, with total market capitalization surpassing 100 trillion yuan and over 1,400 stocks doubling in price [1][2] - The technology sector has emerged as the primary driver of this market rally, with the electronic industry leading the gains, supported by the explosive demand for AI computing and accelerated domestic substitution [2][3] - Industrial Fulian has become the most valuable A-share company, with a market capitalization increase of over 1 trillion yuan and a price increase of nearly 300%, transitioning from a traditional consumer electronics manufacturer to a global leader in AI servers [3] Group 2 - The market has shown a "policy-supported, performance-driven" slow bull characteristic, with a steady increase in index values and a 20% reduction in volatility compared to previous market cycles [4] - Institutions are optimistic about the future market performance, driven by the potential for significant capital inflow and the continued upward trend of technology stocks, particularly in high-growth sectors like AI and advanced manufacturing [5][6] - Policy reforms, including the optimization of the Sci-Tech Innovation Board and support for new productive forces, are expected to continue providing benefits to the market [6]