The A-share market kicked off June with a banner day, as the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index all rebounded sharply. The new consumption concept shone brightly, with notable gains in sectors such as gold, beauty, and the pet economy. Additionally, innovative drug stocks remained vibrant, with Shutaishen surging to its daily limit of 20%. Many individual stocks exhibited extreme volatility, marked by frequent swings from daily limit down to daily limit up. CITIC Securities analysts emphasized that the resilience of China's economic fundamentals will serve as a solid foundation for the market. Hua'an Securities concurred, stating that while opportunities for market upticks exist, sustained growth will necessitate additional policy support or further enhancement of economic fundamentals. In terms of asset allocation, technology and large-cap stocks have emerged as key areas of institutional focus.