Core Viewpoint - The current market is experiencing an upward resonance of industrial trends, with structural opportunities expected to continue emerging, highlighting the investment value in equity markets [1] Group 1: Market Insights - Multiple public fund companies in Shanghai held autumn strategy meetings, indicating a consensus on the positive outlook for the equity market [1] - The current yield on Chinese government bonds remains at historically low levels, providing support for equity assets [1] - The risk premium is at the historical 56th percentile, suggesting that equity assets still offer a reasonable cost-performance ratio [1] Group 2: Investment Focus Areas - Investment opportunities are recommended in sectors aligned with industrial trends, such as AI and edge computing, robotics, innovative pharmaceuticals, new consumption, and non-ferrous metals [1] - There are clear signals of policy shifts and stabilization in corporate performance within the A-share market, with demand stabilizing in both the real estate and stock markets [1] - The supply side is addressing "involution" competition, while the industrial sector is seeing AI lead a new innovation cycle and "new consumption" becoming a new vehicle for domestic circulation [1] Group 3: AI Investment Perspective - The penetration of AI in daily work and life is continuously increasing, with the upper limit of model capabilities still improving [1] - AI investment should be viewed from an industrial perspective, considering both overseas computing power supply chains and domestic computing capabilities [1] - Key areas of focus include not only optical modules, PCBs (printed circuit boards), and servers but also AI applications [1]
公募秋季策略会密集召开 看好权益资产投资机会
Sou Hu Cai Jing·2025-09-12 00:17