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Huaxi Securities believes that in 2025, A-share earnings are expected to usher in an inflection point, with a high probability of technological growth assets, and revenue growth is expected to become the dominant factor in style allocation. The short-term "New Year's Market" has been launched, focusing on the value direction of the market before the year, and looking at the two main lines of domestic demand and advanced manufacturing after the year. It is expected that A shares will remain in a volatile state, and the "New Year's Market" configuration has a high winning rate.In the news, official website, the Hangzhou Municipal Government, recently released the "Three-year Action Plan for Hangzhou to Build" the City of Games: Never Sleeping in Hangzhou "(2025-2027) for public comments, which mentioned that excellent commercial enterprises should be cultivated, and commercial enterprises should be encouraged to develop headquarters economy and carry out chain operation.Institution: The "New Year's Market" configuration has a high winning rate.

As for the market outlook of the brokerage sector, Guojin Securities said that in 2025, liquidity is expected to be further relaxed, which will improve the stability of the market, the improvement of economic fundamentals will be confirmed, and the stock market is expected to rise further, which will benefit the valuation and performance of the brokerage sector.The big financial sector, led by brokers, pulled up before noon yesterday, boosting the index further. At the close, Guosheng Financial Holdings and Guolian Securities had daily limit, while Harbin Investment and Southwest Securities rose more than 5%.

A shares fluctuated higher, and the large consumer sector collectively strengthened.On the disk, the big consumer sector led the rise all day, with retail, ice and snow tourism, food and beverage, household items and other directions rising sharply; Real estate stocks performed in intraday trading, with Tiandiyuan and Hualian shares trading daily; The pharmaceutical biological sector was active at the beginning of the session, with Haixin shares, First Medicine and Panlong Pharmaceutical trading daily.In the news, official website, the Hangzhou Municipal Government, recently released the "Three-year Action Plan for Hangzhou to Build" the City of Games: Never Sleeping in Hangzhou "(2025-2027) for public comments, which mentioned that excellent commercial enterprises should be cultivated, and commercial enterprises should be encouraged to develop headquarters economy and carry out chain operation.