Group 1 - The market is experiencing a cautious sentiment as investors await the outcomes of the upcoming press conference, which is expected to provide insights into the financial sector's achievements during the "14th Five-Year Plan" period [3][6] - The A-share market environment is significantly different from last year, with the Shanghai Composite Index currently at a high point of 3820.09, having risen over 800 points in recent months, indicating potential technical adjustment pressures [3][6] - The recent performance of the A-share market shows a divergence, with the ChiNext Index rising by 2.34% while the Shanghai Composite Index fell by 1.30% over the past week [3][6] Group 2 - The financial sector is seeing active leverage, with margin trading balances reaching historical highs, particularly in industries such as power equipment, electronics, and non-ferrous metals [5] - However, main capital flows are becoming cautious, with recent net outflows observed in sectors like non-ferrous metals and biopharmaceuticals, while the electronics sector has seen inflows [6] - Foreign capital has been a significant driver in the market, with foreign institutions holding approximately 2.5 trillion yuan in A-shares, an 8% increase from the end of 2024 [6] Group 3 - The technology growth sectors, including AI computing power, semiconductors, and cloud computing, remain in focus due to upcoming events such as the Huawei Connect Conference and the International Semiconductor Executive Summit [10] - The financial sector, particularly banks and brokerages, may benefit from LPR rate cuts or financial reforms, presenting potential valuation recovery opportunities [10] - Defensive sectors like pharmaceuticals and utilities are expected to perform well due to their stable cash flows amidst uncertainty [10]