Core Viewpoint - The current market trend is supported by diversified funding sources and enhanced structural stability, indicating potential upward movement in the micro-market style driven by multi-faceted capital resonance [1] Group 1: Market Dynamics - The inflow of stable funds from residents into ETFs, increased holdings by state-owned financial institutions, and the revival of public offerings are expected to stabilize the market following sustained gains in the CSI 300 index [1] - The dominance of non-leveraged and newly opened accounts in the market reduces the likelihood of panic sell-offs, contributing to a more stable investment environment [1] Group 2: Investment Products - The expansion of private equity and quantitative products is providing continuous trading activity in the market, enhancing overall liquidity [1] - Under the current conditions of "stable incremental growth + moderate sentiment," the micro-market style is anticipated to maintain upward potential and serve as a "risk appetite thermometer" and "sentiment leading indicator" for the ongoing bull market [1]
开源证券韦冀星：多方资金共振驱动下 微盘风格或仍具上行空间
Zheng Quan Shi Bao Wang·2025-11-27 09:23