商业航天连涨，AI全面扩散！2026年投资抓什么？

Core Viewpoint - The core investment opportunities for the next five years are centered around "global re-industrialization," driven by changes in geopolitical dynamics, the AI technology revolution, and a collective commitment to sustainable development [1][3]. Group 1: Global Re-industrialization - Global re-industrialization is driven by three main factors: geopolitical changes prompting countries to reassess supply chain security, the AI technology revolution leading to unprecedented investments in computing power and energy, and a commitment to sustainable development transforming green energy from a concept into actionable infrastructure projects [3]. - Chinese enterprises are participating in global re-industrialization through three pathways: initial type focusing on supply-side constraints, resource type extending downstream processing, and承接型 embedding into new supply chains to leverage manufacturing advantages [3][4]. Group 2: Investment Opportunities - The A-share market is expected to see a favorable investment window as industrial enterprise turnover rates and capacity utilization begin to rise, with a stable liquidity outlook for 2026 [5]. - Two main investment themes for 2026 are identified: 1. Embracing "reasonably valued winning assets," particularly manufacturing leaders with international competitiveness and stable profitability, such as those in the chemical industry [6]. 2. Exploring "potentially elastic betting assets," focusing on cyclical and certain consumer goods, where demand recovery could lead to significant price elasticity [7]. Group 3: Investment Products - A range of investment products is available for those interested in global re-industrialization, including index funds and actively managed funds targeting sectors like communication equipment, new materials, and green energy [9].