Affected by improved market sentiment and a rebound in risk appetite, most of the major broad-based indices for A-shares rose last week. Among them, the GEM index performed well, with a cumulative increase of 1.86% throughout the week. Looking ahead to the future market, brokerage strategy reports generally agree that the valuation digestion of high-ranking stocks in the early period is basically in place. As new favorable factors emerge, such as the reduction in risk factors for insurers' investment-related stocks, the “spring agitation” market in 2026 is worth looking forward to.

Affected by improved market sentiment and a rebound in risk appetite, most of the major broad-based indices for A-shares rose last week. Among them, the GEM index performed well, with a cumulative increase of 1.86% throughout the week. Looking ahead to the future market, brokerage strategy reports generally agree that the valuation digestion of high-ranking stocks in the early period is basically in place. As new favorable factors emerge, such as the reduction in risk factors for insurers' investment-related stocks, the “spring agitation” market in 2026 is worth looking forward to.