A-share Market Opening Express: The three major A-share indices collectively opened lower, with the Shanghai index falling by 0.11%. The commercial aerospace sector showed active performance.

Stock A's three major stock indexes collectively opened lower, with the Shanghai Composite Index down 0.11% and the Growth Enterprise Board Index down 0.04%. On the market, the commercial aerospace sector was active, with sectors such as diamond cultivation, storage chips, and lithography machines leading the decline. Institutional views on the future market CITIC SEC believes that with an increasing amount of incremental funds focusing on stable left-hand funds in the fund ecosystem, the future of A shares/H shares may more closely resemble the "rapid fall, slow rise" pattern seen in US stocks. For investors who need to increase their equity allocation, the early release of risks at this time provides an opportunity to re-allocate A shares/H shares at the end of the year and position for opportunities in 2026. East Money Information Securities stated that under the influence of calendar effects and institutional behavior, the recent trend of incremental funds has shifted from resonance in the third quarter to divergence, with a slowing net inflow. Entering December, the effect of fund inflows is expected to strengthen again, and a spring market rally may be anticipated. Guotai Haitong's strategy firmly believes in the prospects of the Chinese market, with the stock index entering a hitting zone. Opportunities always arise in times of panic, and the Chinese stock market will gradually stabilize and launch a year-end offensive, with plenty of room for growth. Now is an opportune time to increase holdings. The recent volatility in US stocks and Google's new highs seem more like a structural shift in AI rather than the end of a trend. China is also expected to experience a resonance period in policies, liquidity, and fundamentals from December to February, and portfolios are gradually shifting towards a more aggressive approach after market adjustments. Bullish on AI applications, companies like Siasun Robot & Automation, domestic consumption, and Xinjiang infrastructure. This article is reprinted from "Tencent Stocks". Editorial by GMTEight: Feng Qiuyi.