沪指再创年内新高，什么值得投？

Core Viewpoint - The article discusses the recent performance of the Shanghai Composite Index (SSE), which has remained above 3500 points for eight consecutive trading days, and explores the potential for further growth towards 3600 points. It highlights historical trends following similar breakthroughs and identifies key driving factors for the current market momentum [1][3]. Historical Performance - Over the past 20 years, there have been four significant instances where the SSE broke through 3500 points, with three of those instances showing positive subsequent performance. The current situation, with the SSE above 3500 points, warrants attention for potential future gains [3][4]. Key Driving Factors - Anti-Competition Measures: The recent "anti-involution" theme has gained traction, particularly benefiting sectors like solar energy and steel. A recent meeting emphasized the need for a unified national market and the importance of improving product quality, which may enhance profitability and industry structure in the A-share market [7]. - Economic Resilience: In the first half of 2025, China's GDP grew by 5.3% year-on-year, reflecting a 0.3 percentage point increase compared to the same period last year. This growth is attributed to effective macroeconomic policies and a strong contribution from final consumption, which accounted for 52% of economic growth [8]. - Transaction Recovery: Since the "924" market rally in 2024, the daily trading volume of the entire A-share market has consistently remained above 1 trillion yuan, with recent figures reaching approximately 1.5 trillion yuan. This increase in trading volume indicates a recovery in market activity and investor sentiment [9]. Investment Opportunities - Artificial Intelligence Sector and Hong Kong Tech Stocks: The government is focusing on enhancing the quality of development and promoting AI applications in key industries. The recent approval for an AI chip to enter the Chinese market may alleviate supply shortages, benefiting both upstream computing power companies and downstream AI application firms [12]. - Military Industry: Anticipation surrounding upcoming military events is expected to positively impact the defense sector, with historical trends indicating strong performance in the months leading up to such events [13]. - CSI A500 Index: For investors looking for diversified exposure to the A-share market, the CSI A500 Index, which includes 500 representative stocks across various sectors, offers a balanced approach to capturing growth while mitigating individual stock risks [14].