Group 1 - The A-share market experienced a surge in sentiment last week, with gold-related ETFs leading the gains, many rising over 8% [1] - The A500 ETF and the Sci-Tech 50 ETF were among the most actively traded products, with total trading volume nearing 120 billion yuan [1] - The Hong Kong stock market saw significant interest in technology and internet sectors, with several ETFs receiving substantial net inflows [2] Group 2 - The Hang Seng Technology ETF was notably active, and the Hong Kong securities ETF had a trading volume exceeding 62 billion yuan, maintaining its position as the top equity ETF for five consecutive weeks [2] - The short-term bond ETF attracted over 4 billion yuan in net inflows, marking it as the most popular ETF in the market [2] - The innovation drug sector in Hong Kong is undergoing changes, with a new index composition that will enhance the purity of the innovation drug index [2] Group 3 - Looking ahead, the economic fundamentals are expected to continue their mild recovery, with structural opportunities in the market likely to persist [3] - The policy support is gradually becoming evident, with fiscal spending accelerating and major project construction maintaining a steady pace [3] - The manufacturing sector is optimizing, and consumer spending is showing moderate recovery, providing a stable foundation for economic performance [4] Group 4 - The market is anticipated to remain in a volatile state, presenting opportunities for low-position allocations amid increased fluctuations [4] - The current credit cycle is stabilizing, with a trend of marginal improvement in credit conditions expected to continue throughout the year [4] - There is a focus on selective participation in themes such as AI applications and "anti-involution" under the current risk appetite [4]