TF Securities(SH:601162) Xin Lang Cai Jing·2026-02-05 10:08Core Viewpoint - The article discusses the potential for a sustained "Spring Festival rally" in the stock market, driven by policy expectations, global liquidity conditions, and a trend of residents allocating funds to equity assets [3][7]. Industry Insights - The top three industries for net capital inflow are Agriculture, Forestry, Animal Husbandry, and Fishery, Textiles and Apparel, and Information Technology [3][7]. - The "Spring Festival rally" is expected to be more pronounced this year due to the impact of an unusually long nine-day holiday, which is anticipated to lead to an earlier release of consumer demand and a significant increase in travel and consumption [3][7]. Market Trends - There is a strong expectation for a stable "economic opening red" as consumer demand is projected to break previous records, influenced by the extended holiday period [3][7].