投资策略专题：十五五规划建议稿学习：十个投资方向的指引

Core Insights - The report emphasizes the importance of studying the General Secretary's explanation of the 15th Five-Year Plan, highlighting two key statements: the qualitative nature of the economic and social development goals and the focus on economic construction as a central theme [2][9]. Investment Directions - The report outlines ten investment directions based on the 15th Five-Year Plan, with a focus on the qualitative target for per capita GDP and a positive outlook on consumer spending, indicating a need for significant progress in people's livelihoods [3][10]. - The first major section prioritizes "industrial development" over "technological innovation," aiming to facilitate large-scale implementation and industrial transformation of technological innovations [3][10]. - In the "industrial development" dimension, the report notes the sequence of traditional industries, emerging industries, future industries, services, and infrastructure, and identifies ten potential key industries [3][11]. - The "technological innovation" section emphasizes "extraordinary" efforts in key areas such as integrated circuits, industrial mother machines, high-end instruments, foundational software, advanced materials, and biomanufacturing, while promoting "Artificial Intelligence+" and digital China initiatives [3][13]. - The report highlights the importance of boosting domestic consumption, placing it at a higher priority, and includes specific reform measures to enhance consumer spending [3][12]. - Fiscal and financial aspects are also addressed, with a call to accelerate the construction of a strong financial nation [3][14]. - The report stresses the development of a maritime power, focusing on marine equipment manufacturing and emerging marine industries, which presents relevant investment opportunities [4][14]. - Cultural industry development is emphasized, with support for quality cultural enterprises and major projects, promoting the integration of culture and technology [4][15]. - The report discusses the need for high-quality development in real estate and the enhancement of social security through the transfer of state-owned assets [4][15]. - Renewable energy development is highlighted, advocating for a multi-energy approach and the advancement of new energy storage and smart grid technologies [4][16]. - The military sector is identified as a strategic allocation direction, with a focus on accelerating the development of unmanned intelligent combat capabilities and information-based military systems [4][16]. Investment Strategy - The report suggests maintaining confidence in the ongoing bull market, with a structural focus on technology as a priority and PPI trading as a supplementary strategy [4][17]. - It indicates that the core driving force of the current market trend comes from positive signals at the micro level, including support for the capital market and technological innovations [4][17].