中国 A 股策略_如何在流动性驱动的市场反弹中布局_享受流动性，但关注基本面

How to position for a liquidity-driven market rally? [Table_Stock] China A-share strategy [Table_Industry] Equity Strategy [TABLE_SUMMARY] A-share market has outpaced emerging Asia peers so far in 3Q25 Since last November, the A-share market has once again sustained an average daily turnover exceeding CNY2tn for over a week, with surging market activity pushing the Shanghai Composite Index to a near-decade high. Yet this market rally is unfolding against a backdrop of sobering economic reality. While the CS ...