On April 17, A-shares maintained strength with the Shanghai Composite near 4,049 and ChiNext above 3,600. Policy support and solid earnings drove market sentiment. SASAC promoted low-altitude economy development, while urban renewal policies boosted related sectors.

AI computing and new energy led gains. Strong quarterly results from InnoLight and Cambricon reflected booming global demand. TSMC expects AI demand to persist through 2027. CATL’s 48.52% profit growth lifted the lithium battery and EV charging chain, with market value exceeding 2 trillion yuan.

Institutions view A-shares as well-supported by fundamentals, with AI and new energy as core growth directions. Consumption and SOE reform also offer opportunities. Investors should watch rotation risks, earnings releases and policy implementation for sector opportunities.