政策定调明年打法，哪些行业有暖风？

Group 1 - The Central Economic Work Conference has set the economic policy direction for 2026, emphasizing high-quality development rather than aggressive growth [3][4] - The meeting aligns with the previous Politburo meeting, providing more specific execution details while maintaining a cautious approach to economic expectations [3][4] - Different industries will experience varying impacts from the policy signals, with some sectors benefiting while others may face challenges [3][4] Group 2 - Fixed asset investment is prioritized to "stop the decline and stabilize," focusing on quality over quantity, with an emphasis on projects that align with industrial upgrades and local needs [4] - The conference highlights the need for a new energy system to support emerging industries, particularly in artificial intelligence, indicating potential growth in the new energy sector [4] - The real estate sector received limited attention, with policies expected to be more about stabilizing the market rather than aggressive support, leading to potential short-term pressures on real estate stocks [4]