沪指重回4000点，“牛市旗手”证券ETF（512880）涨超1%，近20日净流入近100亿元

Core Viewpoint - The securities sector is expected to enter a prosperous cycle due to ongoing global liquidity easing, improved China-U.S. relations, and strengthened policy expectations [1] Group 1: Market Conditions - The implementation of capital market reform policies is anticipated to enhance trading activity and accelerate industry restructuring, leading to a potential increase in both performance and valuation for brokerage firms throughout the year [1] - The new regulations on public fund performance benchmarks are expected to reinforce the constraints on benchmarks, shifting the industry focus from "scale-oriented" to "investor interest-oriented," thereby optimizing the asset management business ecosystem [1] Group 2: Investment Opportunities - It is projected that the activity level in the capital market will remain high, suggesting a recommendation to focus on the largest and most liquid securities ETF (512880) to seize investment opportunities within the securities sector [1]