党的二十届四中全会点评：政策点评：目标明确，坚定发展

Core Insights - The meeting emphasized the importance of high-quality development and technological self-reliance as the foundation for future growth, indicating a shift from being a follower to a leader in the global industrial chain [5] - The focus on expanding domestic demand and constructing a robust domestic market was highlighted, aiming for a new development pattern that promotes interaction between supply and demand [6] - The report anticipates a continued slow bull market in the A-share market, supported by clear development goals set for the next five years, which will stabilize long-term market expectations [6] Summary by Sections Event Overview - The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China took place from October 20 to 23, 2025, in Beijing, where General Secretary Xi Jinping delivered an important speech and the work report was discussed [4] Key Points - Technological development is prioritized, with a significant emphasis on achieving high-quality development and enhancing self-reliance in technology, which is crucial for ensuring industrial chain security [5] - The meeting outlined five key areas for building strong nations, including manufacturing, quality, aerospace, transportation, and the digital economy, directing the future of industrial development [5] - The report suggests a focus on the large technology sector for investment, predicting that technology stocks with performance support will continue to strengthen, particularly those related to self-reliance [6]