Galaxy Securities: The A-share market in September is expected to continue the structural market under the drive of liquidity.

Galaxy Securities Outlook for September Market: Based on current market trends and policy environment, the A-share market is expected to continue structural trends driven by liquidity, focusing on fundamental clues and policy expectations. On one hand, with the disclosure of 2025 interim reports completed, attention should be paid to structural investment opportunities guided by performance clues, and industry sectors showing high prosperity or improving trends in performance deserve special attention. On the other hand, current market liquidity is relatively abundant, with "residents moving deposits" continuing. At the same time, expectations for a September rate cut by the Federal Reserve are high, and if realized, it will help improve the global liquidity environment, especially favoring the A-share market and large-cap growth styles.