Market Performance - As of May 17, 2025, the North Exchange A-share index closed at 1422.43 points, up 3.13% from the previous week[3] - The average market capitalization of North Exchange A-share component stocks is 3.071 billion yuan[15] - The average daily trading volume for North Exchange A-shares reached 34.684 billion yuan, an increase of 39.32% week-on-week[15] Sector Analysis - The North Exchange A-share PE ratio is 74.35x, compared to 59.95x for the ChiNext and 184.44x for the Sci-Tech Innovation Board as of May 16, 2025[28] - Recommended sectors include cross-border finance, technology innovation, and high-dividend consumer leaders, driven by policy incentives and industry trends[3] Investment Recommendations - Focus on undervalued growth stocks while being cautious of overvalued companies in specific sectors[28] - The report suggests a multi-dimensional investment strategy based on policy empowerment, technological breakthroughs, and consumer resilience[3] Risks - Potential risks include policy risk, liquidity risk, and the risk of corporate earnings not meeting expectations[29]