Zhong Zheng Wang·2025-12-19 12:04Core Viewpoint - The 2025 Wealth Allocation and Asset Management Conference highlighted that structural opportunities are expected in 2025, with a potential upward trend in the A-share market supported by fundamentals and performance in 2026, particularly focusing on AI-driven technological advancements [1] Group 1: Market Outlook - The A-share market may experience a comprehensive upward trend in 2026, driven by fundamental and performance support [1] - Recent important reform policies in the capital market, especially in public funds and wealth management, are expected to enhance the experience of ordinary investors [1] Group 2: Investment Directions - Three key investment directions are suggested: 1. Opportunities in AI applications driven by technological innovation, particularly in China's manufacturing sector, which has a strong capacity for technology application [1] 2. Cyclical industries, including manufacturing, are showing improved competition due to capacity contraction and stabilizing external demand, supported by "anti-involution" policies [1] 3. The potential release of consumer purchasing power presents new consumption opportunities that should be capitalized on [1]