Core Viewpoint - The core assets represented by bank stocks have led a slow bull market, but other high-quality, reasonably valued blue-chip stocks also exhibit core asset characteristics. The rotation among core asset sectors is expected to contribute to the stable development of the A-share market [1][2]. Group 1: Bank Stocks as Core Assets - Bank stocks are traditional core assets, attracting long-term capital due to their stable operations, good cash flow, and relatively low valuations. They provide a safe haven for investors and demonstrate the value of core assets through continuous dividends and steady price increases [1][2]. - The stability and high yield of bank stocks have drawn many long-term value investors, reinforcing their role as core assets in the market [1]. Group 2: Emergence of Other High-Quality Stocks - Other high-quality stocks are quietly rising, possessing strong brand influence, stable customer bases, and continuous growth potential. These undervalued blue-chip stocks are gradually being discovered by the market, becoming new candidates for valuation re-evaluation [1][2]. - The rise of these stocks enriches investment choices and provides new momentum for the stable development of the A-share market [1]. Group 3: Rotation Mechanism of Core Assets - The rotation among core assets is a natural result of optimizing market resource allocation. In a limited funding environment, the market seeks investment targets with higher cost-effectiveness and more stable growth prospects [2]. - This rotation mechanism helps avoid excessive concentration in any one sector or stock, reducing the risk of rapid price corrections and stimulating market vitality [2]. Group 4: Implications for A-share Market - The rotation of core assets signifies an optimization of market structure and an improvement in quality. As more high-quality blue-chip stocks are included in the core asset category, the overall valuation level of the market will become more reasonable, enhancing investor confidence [2]. - This trend is beneficial for attracting more long-term capital into the market and improving the international competitiveness of the A-share market, laying a solid foundation for its long-term development [2]. Group 5: Investor Strategy - Investors are encouraged to grasp the rhythm of blue-chip stock hot spots, either by diversifying across multiple high-quality blue-chip stocks or by pursuing emerging hot spots within blue-chip stocks to seek long-term asset preservation and appreciation [3].