Huatai Securities: The logic support for the A-share market's bias towards strength is still in place.

Huatai Securities research report shows that last week, the average daily trading volume of A-shares increased significantly compared to the previous week, reaching close to the two trillion mark. Themes such as new infrastructure demand, the Hainan Free Trade Zone, and artificial intelligence conferences have fueled market momentum, and with trading funds still active and the policy window approaching, the market may continue to be on the strong side, with the bottom rising and high-level fluctuations, and some areas of high activity remaining the norm. Looking ahead, the concept of "anti-inversion" is expected to boost the return on equity (ROE) of A-shares, with positive policy cycles, stabilization of the real estate cycle, and incremental funds providing support for valuation recovery logic still in place. In terms of allocation, it is recommended to focus on industries such as aviation equipment, wind power, gaming, robotics, and the digital economy with potential for rebound, as well as "anti-inversion" sectors with medium-term logic, such as certain chemical products and batteries. Strategically, continue to overweight in major financials, innovative pharmaceuticals, and defense industry stocks.