A股投资策略周报（0125）：调控与降温，银价破百美元，A股如何应对-20260125

Group 1 - The report indicates that the A-share market is experiencing significant changes in liquidity, with a notable outflow of funds from ETFs, particularly from broad-based indices like the CSI 300 and SSE 50, which saw a net outflow exceeding 300 billion [2][5][9] - The report highlights a paradigm shift in the pricing mechanism of global resource assets, particularly after silver prices surpassed 100 USD, suggesting a systemic revaluation of commodities and a return to a "quasi-gold standard" mindset [2][6][8] - The report emphasizes the importance of focusing on high-performance growth sectors, including cyclical resource stocks and technology sectors like semiconductors, as key investment strategies moving forward [2][8][9] Group 2 - The report notes that the global monetary system is undergoing a significant transformation, with the trust in the US dollar as a reserve currency declining, leading to a potential revaluation of precious metals and strategic resources [6][26][27] - It discusses the implications of geopolitical tensions and the shift in resource security becoming a core national strategy, which could lead to increased volatility and pricing power in critical minerals [29][30][31] - The report suggests that the demand for resources is being structurally supported by coordinated policies from major economies, particularly in China and the US, which are expected to drive significant demand for industrial metals [31][32]