雄安航天卫星超级工厂成立，泛军工板块又迎机会

Market Review - The equity market experienced a general pullback last week, with the North Certificate 50 index showing the largest decline at -3.11%, while the ChiNext index rose slightly by 0.22% [5][6] - Among the 31 industries tracked, non-ferrous metals and petroleum & petrochemicals showed significant rebounds, with increases of 3.79% and 3.50% respectively [5][6] Equity Product Allocation Strategy - Event-driven strategies include focusing on the Middle East tensions, with potential investments in oil and gold-related funds such as E Fund Oil C and Huaan Yifu Gold ETF [12][14] - The defense and military industry may present new opportunities, particularly with the establishment of the Xiong'an Aerospace Satellite Super Factory, which could lead to increased interest in related funds like Bosera Military Theme A and Huaxia Military Safety A [14][15] - Quantum computing is at a turning point, with Nvidia planning to build 20 AI factories in Europe, suggesting investment potential in funds like Huaxia Intelligent Manufacturing A and Jiao Yin Technology Innovation A [14][17] Asset Allocation Strategy - The overall allocation strategy emphasizes a balanced core with a barbell approach, focusing on dividend and technology sectors [18] - High dividend assets are highlighted as having significant allocation value due to the low interest rate environment and government support for dividend-paying companies [18][19] - The technology growth sector is underscored as a key investment area, driven by national policy support and the global trend towards AI development [19] Stable Product Allocation Strategy - The central bank's recent operations indicate a net withdrawal of 727 billion yuan, reflecting a cautious market outlook [22] - Recent inflation data shows a slight decline, suggesting continued room for monetary policy easing [23] - Convertible bonds are noted for their dual characteristics of debt and equity, maintaining value despite market volatility, with a median price around 1200 [22][23] Key Focus Products - Recommended funds include Nord Short Bond A and Anxin New Value A, which are positioned to benefit from current market conditions [27]