4月政治局会议解读及市场策略：积极政策信号释放有助于市场情绪回暖

Group 1 - The report indicates that the April Politburo meeting released positive policy signals, which are expected to improve market sentiment. The meeting emphasized the continuation of proactive fiscal policies and stable monetary policies, reducing the likelihood of sudden policy withdrawal [2][9] - The meeting highlighted the need to address the real estate market by promoting the digestion of existing properties and optimizing new housing policies, which is anticipated to lead to a recovery in the real estate sector, particularly benefiting well-capitalized and stable real estate companies in core cities [2][3] - The report suggests that emerging industries such as advanced manufacturing, renewable energy, artificial intelligence, biotechnology, aerospace, and low-altitude economy are expected to become new engines of economic growth in China, presenting potential long-term investment opportunities [3][10] Group 2 - The meeting called for the expansion of domestic demand through large-scale equipment upgrades and a consumption renewal program, with a focus on sectors such as building materials, medical equipment, and the automotive supply chain, which could create more consumption scenarios to meet diverse consumer needs [10][19] - The report emphasizes the importance of advancing the integration of the Yangtze River Delta region, which is expected to benefit infrastructure, green energy, modern services, and emerging industries, particularly in the context of external pressures on China's production capacity [19][10]