首席经济学家热议2026资本市场新机遇

Group 1 - The AI and related industries are the most anticipated sectors for investment opportunities in 2026, with a focus on application implementation to drive sustained capital expenditure [1][2] - The "domestic substitution" trend is expected to be a significant investment theme for the next five years, leveraging China's core advantage in efficiently transforming technology into productivity [1][2] - The chemical industry is viewed positively due to its healthy competitive landscape, featuring both quality state-owned and private enterprises, as well as international chemical giants focused on the Chinese market [3] Group 2 - The energy storage sector is gaining attention, with expectations of recovery starting from the third or fourth quarter of 2025, alongside a favorable outlook for hydrogen energy, where China holds a leading position in production [2] - The aerospace sector is identified as a critical area for future competition, with numerous commercial opportunities in the Chinese market [2] - The ongoing "anti-involution" policies are anticipated to create new market opportunities, particularly in industries facing price pressures, such as construction, new energy, and electronics [2][3] Group 3 - The "14th Five-Year Plan" period is crucial for achieving carbon peak targets by 2030, necessitating clear carbon accounting standards to facilitate effective international trade coordination [3] - The expansion of carbon markets and the differentiation of electricity markets, with a clear value distinction between green and non-green electricity, are expected to drive the marketization and application of green energy [3]