策略（权益&转债）周报：关注或“错杀”机会

Group 1 - The number of foreign-invested enterprises reached 21,764, a year-on-year increase of 17.4%, while the actual utilized foreign capital amounted to 412.51 billion RMB, a year-on-year decrease of 28.2% [1] - The "new housing policy" has shown initial effects, with an increase in housing transaction volume and market activity in major cities like Shanghai, Shenzhen, and Guangzhou [1] - The Ministry of Industry and Information Technology released the 2024 automotive standardization work points, focusing on enhancing the technical standards system and supporting innovation in new technologies such as solid-state batteries and electric vehicle swapping [1] Group 2 - The A-share equity financing scale was 713 million RMB, at the 5.0% percentile of the past 100 weeks, while the net selling amount of margin trading was -386 million RMB, at the 33.3% percentile [1] - The total scale of newly issued equity funds was 30 million RMB, at the 7.0% percentile, and the net buying amount of financing was 3.169 billion RMB, at the 64.6% percentile [1] - The overall market valuation is at a historically low position, with the risk premium indicator above the historical average by +1 standard deviation, indicating a defensive signal from convertible bond strategies [1] Group 3 - The report suggests focusing on sectors with high dividend yields, particularly in coal, banking, oil and petrochemicals, and food and beverage, where dividend yields exceed government bond yields [1] - It is recommended to pay attention to the "wrongly punished" opportunities in the market, particularly in sectors like the pig cycle, electricity market reform, and new energy technologies [1] - Long-term investment is favored in sectors related to "new productive forces," including the Huawei supply chain, AI large models, humanoid robots, quantum technology, commercial aviation, life sciences, hydrogen energy, and new materials [1]