东吴证券芦哲：政策支持 企业盈利改善 资金配置需求是2026年科创综指的核心支撑力

Core Viewpoint - The core support for the Science and Technology Innovation Index (科创综指) in 2026 is identified as policy support, improvement in corporate profitability, and demand for capital allocation [1] Group 1 - The Science and Technology Innovation Index was officially launched at the beginning of 2025 and recorded a total increase of 46.3% by December 31, 2025 [1][1] - The analysis emphasizes the importance of macroeconomic and policy perspectives in understanding the index's future performance [1]