新兴科技是主线，金融周期是黑马

Group 1 - The opportunity cost of investing in the Chinese stock market has decreased, leading to a positive outlook for A/H shares, particularly in the financial, technology, and certain cyclical sectors [1][2] - The overall growth rate is recovering, with technological innovation and domestic demand policies being the core themes driving the market [1][2] - Emerging technology is identified as the main theme, while the financial cycle is seen as a dark horse in the current market landscape [1][2] Group 2 - The stock selection for May includes companies from various sectors such as Alibaba, Zhaoyi Innovation, and China Shenhua, indicating a diversified investment approach [4] - The market sentiment reflects a strong understanding among investors regarding the situation, with stable policy continuity and a decline in risk-free interest rates contributing to increased market participation [4]