Core Viewpoint - The logic behind the rise of the Chinese stock market is sustainable, and the A-share index is expected to reach new highs within the year [1] Group 1: Economic Factors - The acceleration of China's economic transformation and increased visibility are crucial prerequisites for valuation reassessment [1] - The decline in risk-free returns lowers the opportunity cost of the stock market, leading to a surge in asset management demand and the influx of new capital into the market [1] - Economic policies and capital market reforms play a key role in influencing stock market valuations [1] Group 2: Global and Domestic Influences - The anticipated global liquidity easing, along with China's "anti-involution" measures and incremental economic support initiatives, is expected to further boost the market [1]