Core Insights - The article discusses the emergence of new industries driven by new productivity in 2025, highlighting the shift in investment paradigms in the capital market [1] - It emphasizes the importance of understanding macroeconomic factors, technological cycles, and demographic changes as key drivers for industry growth [2][3] Group 1: Macro Drivers - Two macro factors are identified as crucial for industry growth: technological advancements and demographic changes [1] - The technological cycle is seen as the core engine for emerging industries, with significant advancements expected in AI and other technologies within the next 5-10 years [2] - Demographic shifts, particularly the transition from a labor-age population to an aging society, are reshaping consumption patterns and creating new market opportunities [3] Group 2: Signal Identification - Investment in emerging industries requires early positioning based on three mapping signals: policy, overseas trends, and primary market dynamics [4] - Policy signals are critical, with a focus on systematic layouts from top-level decisions and industry guidelines [4] - Overseas signals, such as stock price movements of leading companies and significant technological events, are essential for understanding market trends [5] Group 3: Economic Indicators - Three types of penetration rate indicators are used to assess industry health: industry penetration rate, overseas penetration rate, and supply chain controllability [6] - The industry penetration rate indicates growth acceleration, with AI expected to see significant global penetration by 2025 [6] - The overseas penetration rate reflects competitiveness in international markets, with a notable increase in the share of innovative drug transactions [7] Group 4: Practical Indicators - Timing investments in emerging industries is crucial, utilizing buy, diffusion, and risk indicators to enhance decision-making accuracy [8] - Buy indicators include product search interest and competitive rankings, while diffusion indicators focus on capital expenditures and order activity [8] - Risk indicators assess market concentration and trading sentiment to mitigate potential volatility [8]