8月25日，A股继续沸腾！沪指逼近3900点，续创近10年新高，创业板指涨幅扩大至3%，创2022年以来新高，两市成交额超3.1万亿元，仅次于 2024年10月8日3.48万亿元成交额。 科创板继续"挑大梁"，科创100ETF汇添富（589980）收涨超2%，盘中一度20cm涨停，科创综指ETF汇添富（589080）放量涨2.2%，收盘价创上 市以来新高。 科创综指成分股中，芯片板块再度冲高，寒武纪再度大涨超11%，海光信息涨近13%，芯原股份涨超5%，中芯国际略有回调；澜起科技、传音 控股等微涨。百利恒天、金山办公等回调。 【科创综指前十大成分股】 （来源于浙商证券20250819《科创板行情：到哪了，如何配？》） 【行业轮动加速，如何跟上本轮行情？】 截至15:00，成分股仅做展示使用，不构成投资建议 自2024年9月24日以来，本轮AI主线引领的行情中，科创板是引领板块。特别是近期DeepSeek、机器人相关催化不断，科创板表现再度强势！ 【如何看科创行情所处阶段？】 浙商证券指出， 2013 年至 2015 年移动互联网引领的创业板行情，其长达 2 年半的行情运行中，主要划分为三阶段，分别是，预期反转 ...

Core Viewpoint - The technology innovation sector, particularly the STAR Market, is experiencing a strong rebound driven by multiple positive signals, including significant policy support and increased capital inflow [1][2]. Group 1: Market Performance - The STAR Market Index ETF, Huatai-PineBridge (589080), saw a sharp rebound, rising nearly 3% and at one point exceeding 4%, with a trading volume surpassing 31 million yuan, indicating a significant increase in trading activity compared to the previous day [1]. - Major component stocks of the STAR Market ETF experienced substantial gains, with Tongyi rising over 18%, and other companies like Xindong Lian Ke and Guokai Military Industry increasing by over 14% [1]. Group 2: Policy and Institutional Support - Recent policies, including stock buybacks and increased investments from state-owned enterprises, are creating a synergistic effect that is expected to enhance the attractiveness of A-share core assets [1][2]. - Guoxin Investment Co. plans to increase its holdings in central enterprise stocks and technology innovation stocks through stock buybacks and special re-loans, with an initial amount of 80 billion yuan [1]. Group 3: Market Outlook - According to China International Capital Corporation (CICC), the risk of further declines in the A-share market is limited, supported by historical trends where state-owned enterprises tend to increase stock holdings during liquidity risk phases [2]. - Guoxin Securities emphasizes that technological self-reliance and autonomy are crucial for overcoming challenges posed by trade conflicts, particularly for the domestic electronics industry [2].