Last week, the A-share market demonstrated a distinct "Shanghai underperforms, Shenzhen outperforms" pattern. Specifically, the ChiNext Index saw a cumulative rise of 2.74%, and the Shenzhen Component Index increased by 0.84%. In contrast, the Shanghai Composite Index experienced a decline of 0.34%. From an industry perspective, themes centered around AI computing power and commercial aerospace exhibited strong performance. Conversely, cyclical sectors such as coal, petroleum, and petrochemicals displayed weaker trends. According to institutional research reports, the policy stance outlined at the Central Economic Work Conference for 2026 is anticipated to significantly drive corporate profit improvements, enhance market expectations, and bolster confidence. Presently, the fundamental rationale supporting the A-share market's ascent remains intact. As the year draws to a close, market trends are expected to gradually take shape, with the technology growth sector poised to embark on a second wave of gains.