Xin Lang Cai Jing·2025-12-01 23:43Core Viewpoint - The A-share market has stabilized and is expected to achieve a growth target of around 5% for the year, with macroeconomic conditions showing moderate recovery but still needing consolidation [1] Market Outlook - The foundation supporting the current A-share rally remains unchanged, with anticipation for an important upcoming meeting that will set economic policy for next year, potentially catalyzing a new market rally [1] - The Shanghai Composite Index is likely to consolidate around the 4000-point mark, with a continued rebalancing of market styles expected, where cyclical and technology sectors may alternate in performance [1] Investment Recommendations - Investors are advised to maintain reasonable positions and closely monitor macroeconomic data, changes in overseas liquidity, and policy developments [1] - Short-term investment opportunities are suggested in sectors such as communication equipment, semiconductors, consumer electronics, and non-ferrous metals [1]