今日视点：四大逻辑驱动A股投资者信心持续修复

Group 1 - The core viewpoint of the article emphasizes the structural recovery of investor confidence in the A-share market, driven by a shift from uncertainty to certainty in investment thinking [1] - Major investment institutions have released market outlooks for 2026, highlighting terms like "valuation structural repair," "overweight A-shares," and "value return" [1] Group 2 - The first logic driving the recovery of investor confidence is the continuous improvement of the macroeconomic governance system, which solidifies the foundation of policy certainty [1] - The second logic is the realization of tangible profits from new productive forces, particularly in emerging industries like semiconductors, which have shown rapid revenue and profit growth [2] - The third logic is the trend of declining risk-free interest rates, which enhances the long-term return advantages of equity assets, particularly high-dividend and growth-oriented stocks [3] - The fourth logic is the deepening consensus among domestic and foreign capital, optimizing the funding ecosystem and enhancing the attractiveness of A-shares as a strategic allocation choice for global funds [4]