Core Viewpoints - The short-term market style is shifting towards balance, with A-shares showing a more even distribution across sectors while U.S. stocks continue to decline [2][3]. Recent Dynamics - The recent macro data indicates that government debt has contributed to an increase in social financing, while corporate and household credit remains weak. In February, new social financing increased by 737.4 billion yuan year-on-year, with a total of 2.23 trillion yuan added [4][5]. - The People's Bank of China has reiterated its intention to lower reserve requirements and interest rates at an opportune time, with a focus on supporting consumption and technological innovation [6][7]. Market Performance - In the last week, the A-share market continued its upward trend, with the Shanghai Composite Index rising by 1.39% and the ChiNext Index declining by 0.97%. The consumer and cyclical sectors led the gains, with 28 out of 31 industries in the Shenwan classification showing increases [8][18]. - The leading sectors included beauty care, food and beverage, coal, textiles, and non-bank financials, with gains ranging from 3% to 9%. Conversely, the electronics, machinery, and computer sectors experienced declines [18][15]. Key Focus for Next Week - Attention will be on China's economic data for January and February, as well as the U.S. Federal Reserve's interest rate decision in March [23].