本报告将以专业投资视角，围绕市场信号、资金流向、核心板块、风险与策略展开，重点回答三个问题：山寨季是否真正启动？资金在流向哪里？投资者应如何布局？

As the macroeconomic policy shift in September approaches, the market may usher in a new wave of growth, but investors need to be cautious about leverage and valuation risks.