今日投资机会解析 昨日，两市主要股指盘中震荡上扬，深证成指、创业板指、科创50指数等涨超1%，北证50指数涨近 3%。截至收盘，沪指涨0.45%报3291.43点，深证成指涨1.27%报9905.53点，创业板指涨1.59%报1944.32 点，北证50指数涨2.63%，沪深北三市合计成交10738亿元，较此前一日增加1245亿元。 平安证券表示，短期权益市场仍在震荡整固期，在国内政策呵护及内需韧性的支撑下有望保持相对海外 市场的优势；中期AI等科技革命将持续引领新一轮大国博弈，科技竞争与自主可控逻辑不改。结构上 关注两条主线：一是国产科技自主可控（新质生产力/先进制造/国防军工等）；二是受益于扩内需政策 支持，基本面预期修复且具备估值性价比的内循环消费优质资产。 《意见》提出，要增强对外贸易综合竞争力，推动货物贸易优化升级，增强服务贸易发展活力，支持数 字贸易创新发展。允许区内企业以保税物流方式开展不同税号下含金矿砂的物理混配业务。探索建立生 物医药企业进口研发用物品"白名单"制度，允许免予办理进口药品通关单。探索建立进口食药物质"白 名单"制度，允许食品用途的食药物质按实际用途通关。支持新型离岸国际贸易业 ...

Core Viewpoints - The report emphasizes that policies are focused on stabilizing expectations and the economy, with domestic economic data showing a strong start in Q1 2025, including a 5.4% year-on-year GDP growth, which is higher than the 5.3% recorded in the same period last year [2][3][7] - The A-share market demonstrated resilience amid a decline in US stocks, with the Shanghai Composite Index rising by 1.2% last week, while 23 out of 31 sectors in the Shenwan first-level industry index saw gains, particularly in banking, real estate, coal, and oil sectors [2][10] - The report identifies two main investment themes: 1) domestic technology self-sufficiency, including advanced manufacturing and defense industries; 2) high-quality assets in the domestic consumption sector that benefit from policies aimed at expanding domestic demand [2][8] Recent Economic Data - In March 2025, the actual GDP growth rate was 5.4% year-on-year, with retail sales accelerating to a growth rate of 5.9% in March, supported by effective policies promoting consumption [3][4] - The industrial added value growth rate in March reached 7.7%, with high-tech industries growing at 10.7%, indicating a robust production sector [3][6] - March exports increased by 12.4% year-on-year, with significant growth in exports to the US and EU, highlighting a recovery in external demand [4][5] Policy Tracking - Recent government meetings have focused on stabilizing employment and the economy, with the State Council emphasizing the need for proactive policy measures to manage expectations and stimulate domestic demand [8][9] - The government has introduced various initiatives to support private enterprises and enhance service consumption, indicating a commitment to fostering a conducive business environment [8][9] Market Performance - The report notes that the A-share market is expected to maintain relative strength compared to overseas markets due to supportive domestic policies and resilient internal demand [2][10] - The Shanghai Composite Index's performance reflects a favorable valuation environment, with a PE ratio of 14.06, indicating potential for further growth in the context of economic recovery [10][12]