【机构策略】把握好“春季躁动”行情下的主题投资机会

Group 1 - The A-share market opened strong on Monday, with the Shanghai Composite Index returning above 4000 points, driven by sectors such as insurance, medical services, semiconductors, and electronic components [1][2] - The market is supported by the increasing attractiveness of RMB assets, expectations for early-year credit issuance, and positive changes in corporate earnings structures, particularly from advanced manufacturing and overseas enterprises [1] - There is a prevailing expectation that the Federal Reserve will continue its rate-cutting cycle into 2026, contributing to a more accommodative global liquidity environment [1] Group 2 - The A-share market is anticipated to maintain a slight upward trend, with investors encouraged to increase risk appetite and actively participate in the market to seize thematic investment opportunities during the "spring market" [1][2] - The domestic innovative drug market is expected to have significant growth potential in the medium to long term, despite a major adjustment anticipated at the end of 2025 [2]