中信证券2026年资本市场年会召开

Group 1 - The 2026 Capital Market Annual Conference of CITIC Securities focuses on the theme "Striving for a New Journey," discussing global macro trends and investment strategies under new circumstances [1] - The conference features over 100 speakers and representatives from more than a thousand listed companies and investment institutions, highlighting its significance in the industry [1] - The general manager of CITIC Securities, Zou Yingguang, emphasizes the new mission and characteristics of the capital market during the 14th Five-Year Plan period, driven by international and domestic trends [2] Group 2 - Zou Yingguang notes that the global landscape is undergoing profound restructuring, presenting new opportunities for external breakthroughs [2] - The transition of China's economy from old to new driving forces is expected to create new opportunities in the capital market [2] - The improvement in the inclusiveness and adaptability of China's capital market system is anticipated to bring a new atmosphere to the market ecology [2] Group 3 - CITIC Securities' chief economist, Ming Ming, forecasts a recovery trend in China's economy, projecting a growth rate of around 5.0% in 2025 and approximately 4.9% in 2026 [2] - The economic growth in 2026 may exhibit a "low first, high later" pattern due to base factors and policy rhythms [2] - The chief analyst for macro and policy, Yang Fan, predicts a mild recovery in the economy with a structural differentiation, alongside resilient exports and gradually warming investments [3] Group 4 - The chief A-share strategist, Qiu Xiang, believes that A-share companies are transitioning from local to global exposure, indicating a shift from emerging to mature market characteristics [3] - During the 14th Five-Year Plan, Chinese companies are expected to enhance their position in the global value chain, converting share advantages into pricing power [3] - Three key investment themes are highlighted: upgrading traditional manufacturing, the globalization of Chinese enterprises, and the expansion of AI applications, which will enhance competitive advantages [3]