A-shares opening express | Three major stock indexes collectively opened lower, the commercial aerospace sector performed actively

The three major A-share stock indexes collectively opened lower, with the Shanghai Composite Index falling by 0.07% and the Growth Enterprise Market Index falling by 0.14%. On the market, the commercial aerospace sector was active, with Hainan Free Trade Zone, CPO, and lithography machine sectors leading the decline. Institutional Views on the Future Market: CITIC SEC believes that with more incremental funds being dominated by stable funds on the left side, the A-share/H-share market may see more "sharp falls and slow rises" similar to the U.S. stock market in the future. For investors who need to increase their equity allocations, the early release of risks at present provides an opportunity to increase allocations to A-shares/H-shares at the end of the year and position for 2026. East Money Information Securities stated that under the influence of calendar effects and institutional behavior, recent incremental funds have shifted from resonance in the third quarter to divergence, with net inflows slowing down. As we enter December, the flow of funds is expected to strengthen again, and there may be a spring market rally. Guotai Haitong's strategy firmly believes in the prospects of the Chinese market, with the stock index entering the hitting zone. Opportunities always arise in panic, and the Chinese stock market will gradually stabilize and launch a year-end offensive, with plenty of room for upside. It is a good opportunity to increase holdings at this moment. The recent volatility in the U.S. stock market and Google hitting a new high appear to be a structural switch in AI rather than the end of the trend. China is also expected to enter a period of resonance in policies, liquidity, and fundamentals from December to February, with a gradual increase in offensive combinations after market adjustments. Optimistic about AI applications, Siasun Robot & Automation, domestic consumption, Xinjiang infrastructure, and other themes. This article is a reprint from Tencent Stock Picks, edited by GMTEight: Chen Wenfang.