Group 1 - The core viewpoint is that the restructuring of international order and China's industrial innovation will support A-share performance in 2026, with a market trend of initial growth followed by stability [1] - The market is expected to see increased volatility and valuation uplift, with a focus on sectors that align with fundamental performance [1] - Three main investment themes are identified: 1) Growth sectors such as AI, which is entering an application phase, with opportunities in computing power, optical modules, and cloud computing infrastructure, particularly in domestic markets; application areas include robotics, consumer electronics, intelligent driving, and software applications [1] 2) External demand breakout, focusing on sectors like home appliances, construction machinery, commercial buses, power grid equipment, gaming, and globally priced resources like non-ferrous metals [1] 3) Cyclical reversal, with attention to sectors nearing improvement in supply-demand dynamics or receiving policy support, such as chemicals, aquaculture, and new energy [1] Group 2 - There is an expectation for capital market policies to further promote a "long-term" and "steady" market environment, which could enhance capital market openness in the context of international monetary system restructuring and global capital reallocation [2] - The company aims to support financing for innovative enterprises and improve market inclusivity while optimizing mechanisms for long-term capital entry, thereby increasing market stability and resilience [2]
两大因素共振 支持A股新年表现
Zheng Quan Shi Bao·2026-01-04 17:30