德邦证券程强：仍然最看好股票市场，建议紧扣科技主线

Core Viewpoint - The 2026 China Chief Economist Forum Annual Meeting was held in Shanghai on January 10-11, focusing on the theme "Chess in the Middle Game: Building a Strong Nation" [1][2]. Group 1: Stock Market Outlook - The chief economist of Debon Securities, Cheng Qiang, remains optimistic about the stock market, emphasizing the importance of focusing on the technology sector [3][5]. - Cheng suggests a strategy of establishing a dividend base and investing in technology for potential growth [3][5]. Group 2: Technology Sector Insights - Cheng highlights various fields within technology, noting that storage has a price increase logic, CPUs have order logic, and there is growth in spending on liquid cooling and AI server construction [3][5]. - He mentions that sectors like lithium batteries and new energy also have their own industrial logic, indicating a broad spectrum of opportunities within the technology landscape [3][5]. Group 3: Market Trends - Over the past year, the market has shifted from grand narratives to focusing on technology sectors with sound industrial logic [3][5]. - Cheng believes that this trend will continue at least through the first half of the year [3][5].