2025年8月28日，A股市场宛如一场精彩纷呈的大戏，各指数走势跌宕起伏，最终以令人瞩目的V型反转 收盘，为投资者们带来了一场心跳加速的体验。截止收盘，上证指数涨1.14%，创业板指涨3.82%，科 创50指数一马当先，单日暴涨7.23%，创下三年来的新高，成为引领市场的先锋力量。 科技板块大放异彩 两融余额连续11日增长至2.2万亿元，科技股融资占比达58%，芯片、AI算力板块成为杠杆资金重点布 局领域。北向资金单日净流入超80亿元，与内资主力在科技主线布局形成协同，大量资金的涌入为市场 上涨提供了充足的动力。 后市展望 综合来看，A股市场在政策利好、产业发展和资金推动的多重作用下，短期内科技板块仍将是市场的核 心主线。但投资者也需注意市场波动风险，尤其是高位科技股的回调风险。 随着市场的进一步发展，政策的持续落地以及经济数据的改善，A股有望在震荡中继续延续行情，走出 一轮健康的牛市行情。 相关产品可以关注天弘上证科创板综合指数增强(A:023895；C：023896)，上支付宝、天天基金、京东 金融搜索"天弘上证科创板"即可。 风险提示：观点仅供参考，不构成投资建议，市场有风险，投资需谨慎。投资者在购买基 ...

Core Viewpoint - The A-share market is currently experiencing a correction phase after significant gains in June and July, with the Shanghai Composite Index standing above 3600 points [3]. Group 1: Current Market Adjustment - The current adjustment in the market is characterized as healthy, with anti-involution policies being implemented across various industries, which are expected to optimize the market environment and improve overall industry profitability [4]. - Key economic indicators such as the Producer Price Index (PPI) are anticipated to improve, indicating enhanced profitability for industrial enterprises, which will support the performance growth of related listed companies [4]. Group 2: Mid-term Upward Drivers - The global monetary policy easing cycle is ongoing, with major central banks, including the Federal Reserve, likely to continue interest rate cuts into 2025, providing liquidity support for the market [5]. - China's central bank has already initiated a combination of reserve requirement ratio cuts and interest rate reductions, with further easing expected, which will benefit equity assets and push up risk asset valuations [5]. - The macroeconomic environment is gradually moving towards recovery, supported by proactive fiscal policies and moderate monetary policies, which aim to lower financing costs and enhance policy effectiveness [5]. Group 3: Technology Sector as a Core Investment Line - The technology sector remains a core investment focus for the medium to long term, with significant advancements expected in areas such as artificial intelligence and robotics by 2025 [6]. - Recent policies from the government aim to support technological innovation through various financial measures, encouraging investment in early-stage and hard technology sectors [7]. - The State Council has approved initiatives to promote the large-scale commercialization of artificial intelligence, leveraging China's comprehensive industrial system and market advantages [7].