Shang Hai Zheng Quan Bao·2025-12-14 19:43Group 1 - The central economic work conference has set a positive tone for policies in 2026, which is expected to boost corporate profits and market confidence, leading to a gradual unfolding of the year-end market rally [2][3] - The conference emphasized the continuation of a "more proactive fiscal policy" and "moderately loose monetary policy," focusing on enhancing domestic demand and improving consumer sentiment [2][3] - The market has completed its adjustment phase, and the year-end rally is anticipated as liquidity improves and institutional repositioning occurs [4] Group 2 - The technology sector remains a key focus for the upcoming spring market, with specific attention on areas such as robotics, nuclear power, and small satellites [6] - Growth stocks are expected to rebound during the year-end rally, with high-quality segments in consumer electronics, gaming, wind power, and batteries being highlighted for their investment value [6] - The long-term logic of the AI industry continues to evolve, suggesting that if more growth stocks can deliver on performance, the technology growth sector may experience a second wave of accelerated growth [6]