长城基金杨建华：关注“十五五”规划指引

Core Viewpoint - The A-share market has shown increased volatility since November, with notable style switching between traditional value sectors and previously strong sectors like metals, new energy, and innovative pharmaceuticals [1] Market Outlook - The market is expected to experience a phase of consolidation after reaching a temporary high, with a focus on positioning for next year [1] - The completion of the annual economic growth target is largely assured, with potential policy measures likely to be implemented at the beginning of next year [1] Investment Opportunities - Key areas to focus on include: - High-prosperity energy storage industry chain - Bottoming cyclical industry chain - Traditional manufacturing upgrades under the "anti-involution" theme - Overseas industry chain - High dividend yield stocks [1]