Zhong Guo Zheng Quan Bao·2025-11-02 20:16Market Performance - The market experienced fluctuations last week, with the China Securities Index closing at 2029.92 points, a decrease of 0.38% [1] - The Shanghai Composite Index rose by 0.11%, while the Shenzhen Component Index increased by 0.67% and the ChiNext Index went up by 0.50% [1] Strong Performing Stocks - Several constituent stocks performed strongly last week, with Kingsoft Office leading with an increase of 18.09%, followed by Sungrow Power with 15.03% [1] - Other notable performers included Tigermed, Sinopharm, and China Duty Free, which rose by 13.93%, 10.80%, and 7.87% respectively [1] Year-to-Date Performance - Since the beginning of the second half of the year, Zhongji Xuchuang has surged by 224.62%, ranking first in terms of growth, while Sungrow Power has increased by 181.89% [2] - Other significant gainers include Yiwei Lithium Energy and Zhaoyi Innovation, which rose by 82.17% and 74.36% respectively [2] Market Outlook - The market is expected to face continued fluctuations and structural adjustments in the short term, but the medium-term outlook remains positive, transitioning from liquidity-driven to fundamentals-driven growth [1][3] - The release of macroeconomic policies and the completion of Q3 earnings reports may lead to a temporary lack of new driving forces, resulting in increased sector rotation [3] Investment Perspective - Despite recent volatility, high-quality companies' fluctuations are viewed as buying opportunities, indicating that Chinese assets still hold significant investment potential [2] - The ongoing policy support is likely to drive economic recovery, which could further strengthen the stock market as corporate earnings improve [3]