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CDB Securities predicts that the A-share market will gather momentum in 2025, and the policy shift has far-reaching significance, and market expectations and confidence will be restored.Macroeconomic policies:According to the news about the China stock market over the weekend, the following are some key points.

The audit authority of local government special debt projects may be delegated to the provincial level, and 12 provinces are expected to land, which may affect the financial operation and investment projects of local governments.Capital market dynamics:Executives of photovoltaic module battery companies said that they have signed a self-discipline convention and will start to control production capacity next month, which may have an impact on the photovoltaic industry.

CDB Securities predicts that the A-share market will gather momentum in 2025, and the policy shift has far-reaching significance, and market expectations and confidence will be restored.Executives of photovoltaic module battery companies said that they have signed a self-discipline convention and will start to control production capacity next month, which may have an impact on the photovoltaic industry.These news comprehensively reflect the latest trends of China stock market in macroeconomic policies, capital market dynamics, industrial economy, foreign exchange reserves, securities firms' judgments and policy expectations, and provide investors with a comprehensive market overview.