Spring market still has room for interpretation, institutions suggest focusing closely on performance.

Last week, the overall trend of A-shares was a volatile upward pattern, with market turnover remaining high and money-making effects visibly restored. At the same time, major broad indices saw mixed movements, further intensifying market style differentiation. The blue-chip representation of the market, the Shanghai 50 and the Shanghai Shenzhen 300 index, performed weakly, while small and medium-sized indices such as the CSI 500 and the CSI 1000 surged significantly. Institutional strategy outlook reports show that in the past two weeks, countercyclical adjustment policies have effectively controlled trading pace and smoothed market fluctuations. Meanwhile, A-share turnover remains relatively high, with small-cap growth stocks becoming the focus of funds, as the spring market enters the sector rotation stage. Looking ahead, late January marks a period of intensive performance forecasts disclosure, with high-growth sectors expected to become the subsequent market focus.