天天基金网·2025-08-28 05:28Core Viewpoint - The recent market trend is characterized by a "high growth narrative," where industries or sectors with high growth potential are performing prominently [2][4]. Group 1: Market Trends - Since early April, the A-share market has seen a significant upward trend, driven by macroeconomic factors such as narrow liquidity easing and the appreciation of the RMB [4]. - The market is currently experiencing a "high growth narrative," which typically occurs under conditions of risk phase clearing, ample liquidity, and low opportunity costs for funds [4]. Group 2: Investment Opportunities - The non-bank financial sector, A-share real estate chain, Hong Kong real estate sector, overseas computing power chain, innovative pharmaceuticals, domestic computing power, AI infrastructure, and AI edge applications are identified as key investment opportunities [2][5][6]. - The small-cap stock index has surged over 56% this year, outperforming major indices like the Shanghai Composite Index and Shenzhen Component Index, indicating a trend favoring small-cap stocks [6].