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CDB Securities predicts that the A-share market will gather momentum in 2025, and the policy shift has far-reaching significance, and market expectations and confidence will be restored.The market expects that the Central Economic Work Conference will be held in December, which may release more favorable policies and support the A-share market.The activity of the stock market has recovered, both the Shanghai Composite Index and the Entrepreneurship Index are on the rise, and the market as a whole is in a state of bullish momentum.

Policy expectation:The market expects that the Central Economic Work Conference will be held in December, which may release more favorable policies and support the A-share market.Policy expectation:

Capital market dynamics:Policy expectation:Capital market dynamics: