On January 21, the A-share market witnessed fluctuations, with the Shanghai Composite Index declining slightly while the Shenzhen Component Index and the ChiNext Index both inched upwards. Notably, the ChiNext Index has now recorded four consecutive days of gains. On that day, over 1,900 stocks in the A-share market advanced, with the technology sector shining brightly. Key areas such as robotics, consumer electronics, chips, and CPO (Clean Power Operation) exhibited robust activity. Market turnover edged up to RMB 1.22 trillion. In terms of capital flows, net inflows into the CSI 300 Index from major funds surpassed RMB 2 billion, as blue-chip stocks garnered strong interest from investors. Analysis suggests that the primary constraints on market risk appetite have notably eased, and the optimistic setting of economic growth targets across regions has bolstered market confidence in policies aimed at enhancing stability. As investors' appetite for risk recovers, a gradual market rebound is anticipated.