Huan Qiu Wang·2025-12-19 09:22Group 1 - The core driver of the recent surge in the A-share consumer sector is the continuous release of supportive policy signals aimed at boosting domestic consumption [1][2] - The Ministry of Commerce and the Ministry of Finance have jointly issued a notice to implement "three new" pilot projects in 50 cities, emphasizing the importance of reform and innovation to stimulate market vitality [1][2] - The recent policy initiatives align with the central economic work conference's focus on expanding domestic demand and implementing actions to boost consumption [2] Group 2 - Analysts believe that the policy support for the consumer sector is likely to be sustained and may exceed expectations, with a focus on supply and demand policies by 2026 [4] - Specific sectors such as e-commerce integrated with AI, travel industry chains benefiting from policy stimulus, and new retail sectors advancing digital reforms are highlighted as promising investment opportunities [4][5] - The recent collective surge in the consumer sector is seen as a positive market response to the implementation of these policies, indicating a potential deep-seated change driven by policy guidance, technological advancement, and innovative business models [5]