国泰基金：2025年12月中旬以来，A股市场启动了一轮行情

Group 1 - The A-share market has initiated a rally since mid-December 2025, driven by three main factors [1] - The reduction of external uncertainties, particularly following key monetary policy meetings by the Federal Reserve and the Bank of Japan, has alleviated external pressures [1] - The strengthening of the RMB has enhanced the attractiveness of RMB-denominated assets, creating conditions for a rebound in market risk appetite [1] Group 2 - Intensive policy and industrial developments have catalyzed market movements, with systematic policy deployments in sectors like commercial aerospace driving thematic rotations and attracting targeted investments [1]