风向变了！下半年怎么投？

Group 1: Market Trends and Economic Policies - The "anti-involution" policy and large infrastructure projects like the Yashan Hydropower Project are expected to stimulate the market in the second half of 2025 [1] - Policies are shifting focus from "price" and "quantity" to "supply," aiming to leverage economic growth and initiate a new growth cycle [1] - The gradual resolution of foreign policy uncertainties is likely to enhance the systemic uplift of A-share assets [1] Group 2: Investment Strategies and ETF Recommendations - Three main investment lines are recommended to capture economic growth and rigid demand from domestic consumption [2] - The first line focuses on new productive forces leading economic development [2] - The second line emphasizes consumption driven by a large population base, particularly in healthcare and technology sectors [9][10] - The third line targets asset revaluation opportunities in a transitioning economy [12] Group 3: Specific ETF Characteristics - The Huabao AI ETF (159363) is the largest in its category, with a recent scale of 1.646 billion and an average daily trading volume of 153 million over the past six months [3] - The Technology ETF (515000) covers four core tech sub-industries, focusing on leading companies based on scale and growth [4] - The Medical ETF (512170) is the largest in the healthcare sector, with a scale of 26.635 billion and an average daily trading volume of 595 million [10] - The Financial Technology ETF (159851) is the largest in its category, with a scale of 8.543 billion and an average daily trading volume of 602 million [6]