Zheng Quan Ri Bao·2025-05-23 15:54Group 1 - Major brokerages are optimistic about the A-share market performance in the second half of 2025, expecting stabilization and upward movement driven by multiple policy benefits and industrial upgrades [1][2] - Key investment opportunities are emerging, particularly in the technology and domestic consumption sectors, as highlighted by various analysts [1][3] - The market is anticipated to exhibit a "dual bull" trend in stocks and bonds, with a focus on value discovery and structural bull market characteristics [2][3] Group 2 - Analysts recommend focusing on sectors with favorable conditions and policy support, while also considering defensive assets that can hedge against potential external risks [3][4] - The research perspective has expanded to global trade, with recommendations for sectors such as home appliances, food and beverages, cosmetics, and online retail, which are expected to benefit from the establishment of a long-term domestic consumption mechanism [4] - Key areas for investment include technology growth, military industry, and sectors with improved cost structures, as well as stable dividend stocks suitable for long-term holdings [4]