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Securities Times e Company News, Huaxi Securities Research News pointed out that recently, as the real estate chain has accumulated a certain increase and incremental funds have not entered the market, the A-share market has turned to a shock and recuperation in stages. The rapid rotation of the sector is the main feature of the current market. At the policy level, the "1+N" policy system dominated by the new "National Nine Issues" continues to improve. The new regulations on reducing holdings improve the micro-liquidity of A-shares by affecting the supply and demand of funds. In addition, the reform expectations for the Third Plenary Session of the CPC Central Committee in July have been fermented many times, forming support for domestic and foreign risk appetite. Looking forward to the market outlook, there is an objective shortage in asset allocation. Against the background of the game on capital stock, the A-share style sector will rotate rapidly, and high-dividend and dividend varieties will remain the key allocation direction in the subsequent period.