Xin Hua Cai Jing·2025-12-29 05:38Core Viewpoint - The recent eight consecutive days of gains in the Shanghai Composite Index signal a positive outlook, indicating that the A-share year-end rally has commenced [1] Group 1: Market Drivers - Three main expectations are driving the initiation of the year-end rally: a consensus of optimism among institutional investors, the anticipated early arrival of the spring market, and the conclusion of adjustments in overseas AI models, leading to improved liquidity and risk conditions [1] - Recent announcements of the 15th Five-Year Plan policies and events have heightened investor expectations regarding policy [1] Group 2: Sector Focus - Key sectors to watch for the year-end rally include non-ferrous metals and AI computing power, which are expected to experience significant catalytic growth [1] - The primary market focus remains on commercial aerospace, with secondary themes including the Hainan Free Trade Zone, controllable nuclear fusion, and humanoid robots [1]