今日视点：四大逻辑驱动A股投资者信心持续修

Group 1 - The core viewpoint is that the recovery of investor confidence in the A-share market is driven by a shift from "gambling on uncertainty" to "embracing certainty" supported by four main logical drivers [1] Group 2 - The first driver is the continuous improvement of the macroeconomic governance system, which solidifies the foundation of policy certainty, characterized by enhanced consistency in macro policy orientation and a well-coordinated policy mix [1] - The second driver is the realization of "new productive forces" performance, with certain emerging industries like semiconductors showing rapid revenue and profit growth, contributing to a solid performance foundation for investor confidence [2] - The third driver is the trend of declining risk-free interest rates, which highlights the long-term return advantages of equity assets, particularly high-dividend and growth-oriented stocks, leading to a systemic revaluation of equities [3] - The fourth driver 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]