A股，时隔十年再破4000点！

Core Viewpoint - The Shanghai Composite Index has broken the 4000-point mark for the first time since August 18, 2015, indicating a significant recovery in the A-share market [1][3]. Group 1: Market Performance - On October 28, the A-share market opened lower but experienced a rally, with the Shanghai Composite Index surpassing 4000 points during the trading session [1]. - Since August 2015, the Shanghai Composite Index has only briefly crossed the 4000-point mark on two trading days: August 14 and August 18, 2015 [3]. Group 2: Margin Trading - As of October 24, 2025, the total margin trading balance across the Shanghai, Shenzhen, and Beijing markets reached 24,571.9 billion yuan, just shy of its historical high, with a single-day increase of 61.5 billion yuan [3]. - The financing balance for the same markets stood at 24,398.2 billion yuan, also nearing its historical peak, with a daily increase of approximately 59 billion yuan [3]. Group 3: Market Sentiment and Policy Impact - Recent signals of easing tensions in U.S.-China relations have improved risk appetite in overseas markets, as noted in a report by CITIC Securities [3]. - The release of the "14th Five-Year Plan" proposals is expected to enhance policy clarity, potentially boosting market risk appetite in the short term [3]. - The long-term vision outlined in the "14th Five-Year Plan" for a modern industrial system is anticipated to provide a clear growth trajectory for the A-share market, supported by technological advancements and industrial upgrades [3].