According to interviewed fund managers, this year's year-end market rally has begun under the backdrop of clear domestic policy shifts and enhancements, signals of some fundamental improvements, and a Global loose liquidity environment. However, due to the considerable overall market increase since September 24, trading has become relatively crowded. As the New Year approaches, some funds may take profits temporarily, and if there's a brief pullback, it could actually present an opportunity since next year's domestic policy environment will remain friendly to the Capital Markets. Currently, the A-share market is still revolving around incremental policies, liquidity changes, and investor sentiment, showcasing a recovery driven by liquidity. Once the earnings bottom of the stock market appears around mid-next year, the A-share market will truly begin to showcase a classic recovery process driven by both corporate fundamentals and market liquidity. Funds suggest that investors decisively abandon bearish market thinking and adopt a more proactive mindset and operational approach to embrace the investment opportunity, as the market has clearly entered a reversal period. (CHINA FUND INC)