基建板块大涨背后：15省市年度计划投资规模超6万亿，医卫领域成补短板新发力方向

Core Viewpoint - The construction sector is experiencing a significant surge in investment, driven by local governments' accelerated project launches to meet annual targets amid the ongoing recovery from the pandemic [1][14]. Group 1: Market Performance - On the first trading day of March, the Shanghai and Shenzhen stock markets saw strong gains, particularly in the infrastructure sector, which experienced a wave of limit-up stocks [1]. - Among the 28 Shenwan first-level industry indices, cyclical industries such as construction materials and construction decoration rose over 8%, with major state-owned enterprises like China State Construction and China Railway Construction performing exceptionally well [1]. Group 2: Investment Plans - A total of 15 regions have announced clear plans for major projects in 2020, with a combined planned investment exceeding 6 trillion yuan, and nine provinces reporting total project investments over 24 trillion yuan [1][2]. - Six provinces, including Henan, Guangdong, Sichuan, Jiangsu, Fujian, and Shaanxi, have annual investment plans exceeding 500 billion yuan [2][4]. Group 3: Project Details - The investment plans include significant infrastructure projects across various sectors such as highways, high-speed rail, and energy, with Yunnan Province planning a total investment of approximately 3.6 trillion yuan for major infrastructure projects [1][8]. - In addition to traditional infrastructure, there is a notable emphasis on healthcare and elderly care facilities, reflecting a shift in investment focus [1][8]. Group 4: Regional Highlights - Sichuan Province has identified 700 key projects with an expected annual investment of over 600 billion yuan, while Fujian Province has 1,567 key projects with a total investment of 3.84 trillion yuan [5][4]. - Yunnan plans to launch 525 key projects with a total investment of around 5 trillion yuan, emphasizing large-scale projects [8][9]. - Chongqing's investment in infrastructure is projected at approximately 1.45 trillion yuan, focusing on various public health emergency service projects [9][8]. Group 5: Future Directions - Analysts suggest that the new round of infrastructure investment will not only focus on traditional sectors but also expand into healthcare and other public service areas, addressing long-standing deficiencies [14]. - The emphasis on increasing public investment in healthcare infrastructure is seen as a strategy to mitigate economic downturns while improving regional healthcare conditions [14].