国诚投顾财智周刊 | 多领域政策与市场动态交织，热点板块机遇与风险并存

Group 1 - The central bank emphasizes a moderately loose monetary policy for 2026, indicating potential for reserve requirement ratio (RRR) cuts and interest rate reductions to support financing costs and market risk appetite [2] - The Ministry of Commerce and nine other departments encourage mergers and acquisitions in the pharmaceutical retail sector, promoting integration between wholesale and retail, which may benefit leading companies through economies of scale [2] - The State Administration for Market Regulation has prohibited concentration among public utility operators, signaling stricter antitrust enforcement in essential services, which may slow down M&A activity in this sector [2] Group 2 - Gold prices have surged past $4,900, driven by central bank purchases and geopolitical uncertainties, boosting demand for precious metals as a hedge against inflation [3] - The A-share market has shown a mixed performance, with the precious metals sector leading gains, while other sectors like battery and commercial aerospace have seen declines [5] - The upcoming Spring Festival is expected to stimulate tourism, with a report indicating a significant increase in travel bookings, reflecting a trend towards more diverse travel experiences [14][17] Group 3 - AWS and Google Cloud have initiated price increases for their cloud services, indicating rising demand for computing power, particularly in AI infrastructure [20] - The solid-state battery industry is advancing, with several companies announcing strategic partnerships and production plans, suggesting a growing focus on innovative battery technologies [24] - The domestic new energy vehicle market has shown strong growth, with significant year-on-year increases in sales and penetration rates, indicating a robust demand for electric vehicles [29]