“汇见新机，策马新程” 汇正财经2026年度资本市场策略会圆满落幕， 共话“十五五”投资新机遇

Core Insights - The 2026 Capital Market Strategy Conference hosted by Huizheng Finance focused on analyzing policy trends, dissecting sector values, and exploring new investment opportunities in the context of global economic changes impacting China [1][18] - The conference attracted over 1.07 million viewers online, indicating strong interest in the discussions surrounding new productive forces and capital market reforms [1] Group 1: Economic Trends and Policy Insights - Renowned economist Ma Guangyuan emphasized the resilience of the Chinese economy amid global economic slowdown and trade protectionism, advocating for a focus on emerging industries and new infrastructure supported by policy [6][7] - The overall economic strategy is characterized by "seeking progress while maintaining stability," with coordinated fiscal and monetary policies aimed at countering external uncertainties [6] Group 2: Energy Storage Sector - Chief strategist Yang Shoujun outlined three major trends in the energy storage sector for 2026: long-duration, intelligent, and market-oriented developments, driven by dual goals of carbon neutrality and AI capabilities [8] - The energy storage industry is shifting from policy-driven to demand-driven, with clear domestic installation targets and growing overseas orders, indicating a robust growth trajectory over the next five years [8] Group 3: Market Dynamics and Investment Strategies - Dongwu Futures' Chief Investment Officer Wu Zhaoyin projected a clear bull market path for A-shares in 2025, with funds expected to continue migrating towards high-value assets in 2026 [9] - The investment strategy should focus on solid fundamentals and reasonable valuations, particularly in cyclical sectors benefiting from policy support [9] Group 4: Robotics and AI - Chief researcher Gu Chenhao highlighted that 2026 will be a pivotal year for the commercialization of embodied intelligence, with significant applications across various sectors including industrial manufacturing and healthcare [10] - The emergence of Tesla's humanoid robot prototype and domestic technological breakthroughs are expected to catalyze growth in the robotics supply chain [10] Group 5: Long-term Investment Logic - The roundtable discussion emphasized the importance of aligning investments with long-term value, driven by both policy and technological advancements in sectors like AI and hard technology [14] - Investment logic is shifting from purely commercial returns to a balance of strategic value and market returns, with a focus on core components and AI-integrated applications [14] Group 6: Semiconductor and High-tech Manufacturing - Senior investment advisor He Feng noted the dual nature of opportunities and challenges in semiconductor self-sufficiency, with significant advancements in lithography equipment but still existing gaps [15] - The focus on third-generation semiconductors and their synergy with 5G and electric vehicle technologies presents a clear path for overcoming existing limitations [15] Group 7: Market Structure and Investment Recommendations - The current market is characterized by a "two-eight" distribution, where index performance diverges from individual stock performance, leading to potential pitfalls for investors [16] - Investment strategies should prioritize value and cyclical stocks while maintaining a balanced portfolio to mitigate risks associated with market volatility [16] Group 8: Focus on New Productive Forces - The emphasis on new productive forces in technology and high-end manufacturing is critical, with energy storage and AI data centers identified as key growth areas [17] - The investment landscape for 2026 is expected to center around technology-related sectors, with a focus on companies demonstrating clear performance or technological breakthroughs [17]