【策略周报】沪指表现强势，风格再迎轮动？

Key Points Summary Core Viewpoint - The report highlights the ongoing recovery and improvement in the A-share market, driven by increased trading activity and positive sentiment, while also noting the tightening liquidity in the bond market and the potential impact on monetary policy expectations [1][3][4]. Group 1: Important Events Review - The China Securities Regulatory Commission held a mid-year work meeting on July 24, 2025, emphasizing the need to consolidate market stability, deepen reforms, and enhance regulatory effectiveness to better serve national strategies [1]. - On the same day, President Xi Jinping met with European Council President Costa and European Commission President von der Leyen, discussing strategic issues in China-Europe relations and international hot topics [1]. - Premier Li Qiang attended the opening ceremony of the 2025 World Artificial Intelligence Conference in Shanghai on July 26, highlighting the importance of AI governance [1]. Group 2: Market Overview - The bond market is experiencing rapid adjustments, with increased redemption pressure on bond funds and a general high duration in the market, leading to a short-term correction [3]. - The A-share market is showing improved sentiment and increased trading activity, indicating a potential shift in market dynamics [4].