Xin Lang Cai Jing·2025-10-15 00:14Core Viewpoint - The launch of the specialized and innovative index, steady progress in new stock issuance, and the realization of more merger and acquisition projects are expected to maintain high trading activity and market attention on the Beijing Stock Exchange, indicating long-term investment value in this sector [1] Group 1: Investment Strategy - For the second half of 2025, two main investment directions are recommended: 1) A top-down approach focusing on new productive forces in the Beijing Stock Exchange, particularly in emerging industries such as artificial intelligence, commercial aerospace, low-altitude economy, and new consumption, targeting companies with "scarce" business models and key products in the A-share market [1] 2) A bottom-up approach based on financial indicators, focusing on companies with high performance growth, strong R&D investment, significant capacity release potential, and strong growth prospects [1]