Xin Lang Cai Jing·2025-12-28 08:12Group 1 - A-shares showed strong performance this week, with major indices generally rising, particularly the CSI 500, ChiNext Index, and the Small and Medium 100, while the Shanghai Composite and CSI 300 had smaller gains [1][6] - The current valuation of the Sci-Tech 50 and Wind All A indices is relatively high, with their PE (TTM) percentile exceeding 85% since 2010, as of December 26, 2025 [1][6] - Small-cap growth style outperformed this week, with significant gains in sectors such as non-ferrous metals and defense, while sectors like beauty care and social services saw declines [1][6] Group 2 - The A-share market is expected to continue its upward trend, supported by favorable policies and increased capital inflows, with historical patterns indicating a "spring rally" [3][8] - The trading volume has increased, surpassing 2 trillion yuan on Friday, with a total weekly turnover of 9.83 trillion yuan, marking a six-week high [3][8] - Policy support is anticipated to boost market confidence and attract various types of capital, with a focus on growth and consumption sectors, particularly TMT and advanced manufacturing during the "spring rally" [4][9] Group 3 - Recent policy developments include the People's Bank of China announcing a one-time credit repair policy, and the housing and urban-rural development meeting outlining real estate priorities for 2026 [2][7] - The issuance of L3 level autonomous driving vehicle licenses in Beijing marks a significant step in the automotive industry, alongside the 2025 Computing Power Internet Conference held in Chengdu [2][7] - The EU has extended economic sanctions against Russia for six months until July 31, 2026, and Japan has finalized its budget for the 2026 fiscal year, setting a new historical high [2][7]