收评：创业板指大涨1.73% CPO、智谱AI等概念活跃

Market Performance - The Shanghai Composite Index experienced a decline of 0.42%, closing at 3505 points, while the Shenzhen Component Index rose by 0.56% to 10744.56 points, and the ChiNext Index increased by 1.73% to 2235.05 points [1] - The total trading volume across the Shanghai, Shenzhen, and North markets reached 163.53 billion yuan [1] - Various sectors showed mixed performance, with declines in electricity, coal, liquor, tourism, and oil, while sectors like steel, chemicals, non-ferrous metals, banking, and pharmaceuticals were also weak [1] Economic Outlook - Short-term uncertainties in both domestic and international economic environments are noted, with mid-term earnings forecasts being released, suggesting continued market volatility [2] - The Ministry of Finance has issued a notice to guide insurance funds towards long-term stable investments, aiming to optimize the investment environment in the capital market [2] - The A-share market is expected to maintain a stable upward trend in the long term, supported by policy measures [2] Investment Strategy - Focus on assets with high safety margins, particularly those with low valuations and high dividend characteristics, which align with the needs of medium to long-term capital allocation [2] - Technology remains a key focus for medium to long-term investment, with recent strong performance in the military industry sector due to significant news catalysts [2] - Consumer sectors are expected to benefit from policy support, with new consumption potential being released through changes in consumer behavior and technological empowerment [2] - Mergers and acquisitions are highlighted as a significant theme for investment [2]