兴业证券：历年经济工作会议如何指引次年主线方向？

Group 1 - The upcoming Central Economic Work Conference is expected to provide guidance on key areas that will influence the market trends for the following year [1] - Historical experiences show that the themes emphasized in past conferences have significantly impacted economic expectations and risk preferences, with notable examples including "structural adjustment" and "supply-side reform" [1] - The key themes from last year's conference, "new quality productivity" and "anti-involution," have emerged as the two most important market lines for this year in the A-share market [1] Group 2 - The table outlines the key areas of focus from various years of the Central Economic Work Conference, highlighting the corresponding keywords and the top-performing sectors in the following year [2] - For instance, in 2012, the focus was on deepening structural adjustments, leading to significant growth in sectors like media and computer technology, with a performance increase of 107% and 67% respectively [2] - In 2023, the emphasis is on developing new quality productivity and promoting large-scale equipment updates, which is expected to impact sectors such as banking and electronics, with projected growth rates of 34% and 30% respectively [2]