The net value of several active equity funds that have been established for less than half a month has changed frequently in recent days, which means that fund managers have started to build positions. In addition, several active equity funds have ended their issuance ahead of schedule. According to interviews with China Securities Journal reporters, some funds may have closed their fundraising ahead of schedule because the current entry price-performance ratio is high, and fund managers hope to seize the high-quality time window for building positions and start investment operations as soon as possible. Some industry insiders said that policy protection and the stabilization of listed companies' performance are the basis for the future improvement of the A-share market. Artificial intelligence (AI) leads a new innovation cycle, "new consumption" becomes a new carrier of the internal circulation, and the new energy sector enters a new stage of development. These have become factors that the market needs to pay attention to in 2025.