Gelonghui, January 1st | According to the Peking Business Daily, reviewing the performance of A-shares in 2024, the three major stock indices rose amid fluctuations. Against this backdrop, 80% of funds in the All Market achieved positive returns in 2024. Among them, Morgan Stanley Digital Economy Mixed A became the public fund "champion" in 2024 with a return rate of 69.23%. In addition, 60% of actively managed equity funds also had positive returns in 2024. Breaking it down by category, the average return rates of various equity funds and Bond Funds in 2024 were also positive. Looking ahead to 2025, some opinions suggest that A-shares and Hong Kong stocks have significant valuation recovery potential, and there is substantial room for growth in high-performing stocks. Regarding the bond market, it is expected that the initial phase will still be characterized by both the pressure of missing opportunities and the demand for profit-taking.