China Galaxy Securities pointed out that in the short term, due to the phased tightening of liquidity at the end of the year and repeated overseas monetary policy expectations, etc., the market may continue to fluctuate in structural conditions, and the sector rotates rapidly. As 2026 is about to open, the A-share market has entered a key window of New Year's Eve layout, focusing on the volatile market around New Year's Day. 2026 is the beginning of the “15th Five-Year Plan”, and the pace of policy dividend release is expected to be relatively high. Structural opportunities will focus on a track where policy orientation and industrial sentiment resonate, and the restless spring market is worth looking forward to.

China Galaxy Securities pointed out that in the short term, due to the phased tightening of liquidity at the end of the year and repeated overseas monetary policy expectations, etc., the market may continue to fluctuate in structural conditions, and the sector rotates rapidly. As 2026 is about to open, the A-share market has entered a key window of New Year's Eve layout, focusing on the volatile market around New Year's Day. 2026 is the beginning of the “15th Five-Year Plan”, and the pace of policy dividend release is expected to be relatively high. Structural opportunities will focus on a track where policy orientation and industrial sentiment resonate, and the restless spring market is worth looking forward to.