【策略周报】由守转攻，布局高景气方向等风起

Group 1 - The State Council emphasized the importance of new urbanization as a key driver for expanding domestic demand and promoting industrial upgrades, highlighting the need for urban renewal actions and high-quality real estate development [2] - The Chairman of the China Securities Regulatory Commission pointed out the long-term positive outlook for the economy and the capital market, while identifying issues such as the need for optimization of listed company structures and the lack of long-term funding [2] - The regulatory focus will be on supporting technological innovation, meeting diverse investor needs, and enhancing risk prevention capabilities through precise and efficient supervision [2] Group 2 - The National Financial Supervision Administration announced adjustments to risk factors for insurance companies, reducing the risk factor for certain index component stocks from 0.3 to 0.27 [3][4]