The A-shares "rebalancing" is in progress, shifting from concentration in specific sectors to balanced distribution across industries.

According to China Securities Journal, recently, the A-share market has continued to experience rotation, with leading sectors changing frequently, and the market has shown signs of "rebalancing." This shift has moved from the "one-man show" of AI hardware and upstream sectors in the first half of the year to a "blossoming in multiple places" in the recent market. Analysts believe that this "rebalancing" represents a stage of style convergence in the switching of existing capital between high and low sectors, indicating that it is neither a complete end to the growth theme nor a comprehensive upward trend for value sectors. In the short term, the A-share market may continue to rebound. The autumn market is gradually entering the layout stage, shifting from a single technology cluster to the joint development of multiple allocation themes.