刘煜辉最新发声

Core Viewpoint - Multiple positive factors are converging, indicating a significant turning point for the Chinese economy, with clear policy focus and an optimistic outlook for the A-share market [1][3]. Economic Turning Point - China is at a critical time window in the economic cycle, transitioning from a prolonged price decline phase [3][4]. - Recent stock market performance reflects a shift in market expectations, driven by the "anti-involution" policy and a potentially easing international environment [3][5]. A-share Market Outlook - The A-share market is expected to rise above 4000 points, contingent on the effectiveness of the "anti-involution" policy [4][6]. - The "anti-involution" policy aims to end the long-term downward price spiral, requiring coordinated efforts from both supply and demand sides [5][6]. Sector Focus - The "pro-cyclical" sectors are anticipated to benefit significantly from the economic recovery, with a strong correlation to overall economic conditions [6][7]. - Three key investment directions are highlighted: 1. Real Data Assets (RDA) - The importance of converting vast data resources into valuable assets is emphasized, with expectations for national support in this area [7]. 2. Circular Economy - Technological innovations to overcome energy bottlenecks, such as converting waste plastics into petrochemical products, are crucial [7]. 3. Solid-State Battery Industrialization - The potential for large-scale commercialization of solid-state batteries in the next couple of years is noted, which could enhance China's position in various industries [7]. Market Confidence - The long-term trajectory of the Chinese capital market will largely depend on investor confidence, rooted in trust in the current system and governance capabilities [8]. - There is a strong belief that the Chinese capital market can achieve a sustained upward trend over the long term [8].