时隔十年，收盘站上4000点！

Core Viewpoint - The Shanghai Composite Index has surpassed the 4000-point mark for the first time in ten years, indicating a positive trend in the A-share market supported by favorable policies and market conditions [1][2]. Market Performance - On October 29, the Shanghai Composite Index closed at 4016.33 points, marking a significant recovery as it surpassed 4000 points for the first time since 2015 [1]. - The Shenzhen Component Index rose by 1.95%, the ChiNext Index increased by 2.93%, and the North Star 50 saw an 8.41% rise on the same day, with total trading volume reaching 2.29 trillion yuan [1][2]. - Year-to-date, the Shanghai Composite Index has increased by over 19% [3]. Policy Impact - The release of the "14th Five-Year Plan" has created a favorable policy environment, focusing on modern industrial systems, technological self-reliance, and improving people's livelihoods, which is expected to enhance market sentiment [1][2]. - Analysts believe that the new policy deployments and the potential for further interest rate cuts by the Federal Reserve will boost market confidence and risk appetite [2]. Market Resilience - The A-share market has shown resilience against external shocks, with major indices remaining stable during challenging periods, supported by strategic policies and interventions from regulatory bodies [4][5]. - The "14th Five-Year Plan" has been instrumental in stabilizing market expectations and enhancing the market's vitality and resilience [5]. Future Outlook - The preliminary outline of the "15th Five-Year Plan" is expected to inject greater confidence into the market, emphasizing the need for a more inclusive and adaptable capital market system [6]. - Analysts suggest that the reforms in the Sci-Tech Innovation Board and the Growth Enterprise Market will provide tailored financial services for emerging industries and technologies [6]. - While the market is currently buoyant, there may be short-term fluctuations as the 4000-point level serves as a psychological barrier, potentially leading to profit-taking by investors [6].