Xin Lang Cai Jing·2026-01-25 08:30Core Viewpoint - The report from CITIC Securities indicates that market confidence is gradually recovering, and sectors that are relatively undervalued and can present a logical narrative are likely to see a rebound, particularly in the consumer and real estate chains before and after the Two Sessions [1] Group 1: Market Recovery - The consumer chain is identified as a key area for allocation, with the timing being favorable from now until the Two Sessions [1] - The real estate chain is expected to show significant recovery during this period, particularly in relation to new construction activities [1] Group 2: Investment Strategy - The report emphasizes a basic strategy of "resources + traditional manufacturing pricing power," focusing on sectors such as chemicals, non-ferrous metals, new energy, and power equipment as a resilient investment choice amid market anxieties [1] - There is a recommendation to increase allocation in non-bank sectors (securities, insurance) during market dips, while also enhancing returns through certain domestic demand or high-growth sectors [1]