Core Viewpoint - The REITs market is experiencing significant changes, presenting new opportunities and investment strategies for wealth growth [1]. Group 1: Conference Highlights - The forum features industry experts discussing market opportunities and investment strategies in the REITs sector [1]. - The agenda includes a session on annual REITs strategy led by key figures from Guotai Junan Securities [1]. Group 2: Key Speakers - Tang Yuanmao, head of fixed income research at Guotai Junan Securities, will open the session [1]. - Zhang Zheng, vice dean of Peking University's Guanghua School of Management, will provide insights on the outlook for China's REITs market [1].

Core Insights - The article discusses the upcoming 2026 strategy conference organized by Guotai Junan Securities, focusing on smart asset allocation and leveraging strategies in the context of margin trading and ETFs [3][4]. Group 1: Conference Agenda - The conference will feature a series of presentations and discussions, starting with a welcome address by Liu Shuo, General Manager of the Margin Trading and Securities Lending Department [3]. - Key topics include global asset allocation strategies in an environment of increased risk appetite, market sentiment from a margin trading perspective, and the development of ETF research systems [4]. - A roundtable forum will include experts from various fund management companies discussing precise allocation and smart leverage strategies [4]. Group 2: ETF and Margin Trading Insights - The conference will cover volatility control in multi-asset ETF portfolios, emphasizing the importance of managing risk while maximizing returns [4]. - Strategies for enhancing investment through margin trading in the ETF era will also be a focal point, highlighting innovative approaches to leverage [4].

Core Viewpoint - The article discusses the upcoming conference focused on AI and its impact on various industries, highlighting the importance of AI in driving business transformation and innovation. Group 1: Conference Agenda - The conference will feature several key speakers discussing various topics related to AI, including its role in enterprise transformation, the empowerment of AI ecosystems through domestic computing power, and the development of general artificial intelligence and large model construction [2][3]. - Notable sessions include discussions on AI applications in the financial sector and the prospects of the intelligent economy, as well as exploring the digital foundation and potential of AI in enterprise-level applications [3]. Group 2: Participants and Contact Information - Attendees are encouraged to contact their respective sales representatives at Guotai Junan Securities for registration and further information regarding the conference [4].

Group 1 - The conference aims to focus on the market towards 2026, emphasizing the Z generation in new energy, and will cover major cutting-edge areas such as nuclear fusion, commercial aerospace, new energy storage, and smart electric vehicles [3] - Industry-leading experts will be invited to interpret industry trends and investment opportunities [3] Group 2 - The agenda includes a session on the outlook for energy storage and electricity spot markets, featuring a guest speaker who is an expert in the power grid [4] - Another session will discuss the development history of commercial aerospace abroad and its implications for the future of China's commercial aerospace sector [4]

let is no 联系 11月5日上午 北京 · 中国大饭店 议程安排 | ● 09:00-10:00 2026年中东关系前景展望 | | --- | | 廖百智-中国现代国际关系研究院中东所所长 | | ● 10:00-11:00 2026年中欧关系前景展望 | | 冯仲平-中国社科院欧洲研究所所长 | | ● 11:00-12:00 2026年中美关系前景展望 | | 赵海-中国社科院国家全球战略智库国际政治 | | 研究部主任 | 压泰岛崩止秀 本订阅号所载内容仅面向国泰海通证券研究服务签约客户。因本资料暂时无法设置访问限制，根据《证 券期货投资者适当性管理办法》的要求，若您并非国泰海通证券研究服务签约客户，为保证服务质量、 控制投资风险，还请取消关注，请勿订阅、接收或使用本订阅号中的任何信息。我们对由此给您造成的 不便表示诚挚歉意，非常感谢您的理解与配合！如有任何疑问，敬请按照文末联系方式与我们联系。 法律声明 更多国泰海通研究和服务 亦可联系对口销售获取 重要提醒 ...

Group 1 - The article discusses the agenda for a financial strategy report event held on November 5, focusing on non-bank financial institutions and investment strategies [2] - Key speakers include Liu Xinqi, the head of financial research at Guotai Junan Securities, and Gong Chenchen, the deputy general manager of the wealth management subsidiary of Postal Savings Bank [2] - Topics covered include changes in product issuance and asset allocation strategies, as well as new paradigms in investment advisory services [2]

Core Insights - The forum provided unique perspectives on the reasons for the impediment in the decline of interest rates and future outlook, covering new patterns in monetary and fiscal policies, evolution of the bond market's microstructure, and experiences from rising overseas interest rates [2] Agenda Highlights - The agenda included discussions on new trends in monetary policy for 2025 and outlook for 2026, led by a professor from Renmin University [3] - A session focused on changes in low interest rate expectations, exploring the causes and initiating new strategies, presented by the head of fixed income research at Guotai Junan Securities [4] - Roundtable discussions addressed strategies for asset allocation amidst low interest rate rebounds, featuring chief investment officers and managers from various financial institutions [4] - Another roundtable examined the prospects and investment strategies of bond ETFs, with participation from directors and managers of prominent funds [4]

Group 1 - The article discusses the upcoming 2026 strategy conference organized by Guotai Junan Securities, scheduled for November 4-6, 2025, at the China Grand Hotel in Beijing [3] Group 2 - The content is intended solely for clients who have signed up for Guotai Junan Securities research services, emphasizing the importance of appropriate investor management as per regulatory requirements [7]

Core Insights - The article discusses the rapid evolution of the technology and innovation sector, highlighting the transition from mobile internet to AI, smart devices, and new consumption trends. It aims to analyze historical stock performance in the tech industry to identify key characteristics of leading companies and their valuation patterns, providing insights for current and future stock selection in the tech sector [1]. Agenda Summary - The agenda includes a series of presentations by analysts from Guotai Junan Securities, focusing on various sectors: - The first session discusses "Outstanding Leaders in the New AI Cycle" [2]. - The second session examines how beauty industry leaders, specifically Proya, have been developed [3]. - The third session focuses on the electronic semiconductor sector and strategies for identifying high-growth stocks [5]. - The fourth session analyzes the characteristics of outstanding leaders, including their business models and valuation rules [6]. - The fifth session looks into the shipping industry, exploring the causes of a super bull market and investment insights [7].

Core Viewpoint - The article discusses the increasing divergence in the Federal Reserve's monetary policy path due to the "data fog" caused by the U.S. government shutdown and the realities of economic and inflation trends, leading to a downward adjustment in the expectations for a rate cut in December compared to before the meeting [1][2]. Group 1: Federal Reserve's Actions and Outlook - The Federal Reserve lowered interest rates by 25 basis points as expected, but there was significant internal disagreement regarding this decision, with some members advocating for maintaining rates and others for a larger cut of 50 basis points [2] - Powell's statements introduced greater uncertainty regarding future rate cuts, indicating an increase in divergence in monetary policy paths [2] - The Fed will cease balance sheet reduction on December 1 to alleviate tightening liquidity in the money market [2] - The Fed expressed a more optimistic view on the economy and greater confidence in controlling inflation [2] Group 2: Employment and Economic Conditions - The current logic for the Fed's rate cuts is based on the pressure from declining employment outweighing the upward pressure from inflation [3] - Structural changes in the U.S. labor market, such as the rise in long-term unemployment and a decrease in immigrant participation, are contributing to a slowdown in economic drivers [3] - The government shutdown has lasted nearly a month, with historical context indicating the longest shutdown was 35 days, and new employment data may emerge before the next meeting on December 10 [3] Group 3: Asset Price Expectations - The article anticipates that major asset prices will continue to reflect the logic of a preemptive rate cut cycle, with U.S. Treasury yields expected to decline further but at a slower pace [3] - U.S. equities are expected to remain supported, particularly in technology and sectors sensitive to interest rates, such as real estate, banking, and small-cap stocks [3] - The U.S. dollar index is projected to experience fluctuations, while the long-term bull market for gold is expected to continue [3]