Xin Lang Cai Jing·2026-01-01 02:07Core Viewpoint - The core logic of the current bull market remains unchanged, initiated by a policy shift and driven by improved liquidity, technological industry breakthroughs, changes in the US-China geopolitical landscape, and global asset allocation adjustments [1] Group 1: Market Dynamics - The global liquidity easing pattern is expected to deepen further by 2026, contributing to a prolonged weak dollar cycle driven by three key factors [1] - Domestic financial market policy benefits are continuously increasing, enhancing the motivation for individual investors to enter the market [1] Group 2: Investment Outlook - The incremental capital in the A-share market is anticipated to cover a larger base, supporting the continuation and potential strengthening of the core logic behind the bull market [1]