新华财经北京12月30日电（王媛媛）2025年即将收官，这一年，A股在政策托底、盈利修复与全球流动 性宽松共振下稳步回暖，展望2026年，券商对新一年的市场趋势如何看待？ 从各家券商策略会主题与研判内容来看，"新"成为贯穿始终的高频关键词，具体来看，中信证券的"奋 进新征程"，中金公司的"乘势·谋新"，华泰证券的"策马启新章"，国泰海通的"启航新征程"，中信建投 的"革故鼎新·质赢未来"、东吴证券的"冬藏春华盛世新章"，开源证券的"乘风破浪，向新而行"，财通证 券的"聚力拓新"国信证券的"新动能，新风景"，方正证券的"向新，向未来"，主题中融入"新"元素，均 显示出券商对市场新趋势、新机遇的洞察与关注。 新华财经梳理发现，走势上，机构普遍对2026年A股市场持积极预期。多数机构认为，国内外增量资金 入市、企业盈利修复、政策端加码等多重因素有望支撑A股市场后续表现，2026年A股迈向"慢牛"。 在行业配置建议上，科技、消费有望引领2026年的投资主线。另一方面，出海带来的增长潜力也成为共 识方向。 中信证券：A股迈向"低波动慢牛" 2026年聚焦三主线 中信证券首席A股策略师裘翔认为，A股上市公司正陆续从本国敞 ...

Core Viewpoint - Alibaba is focusing on helping Chinese enterprises expand globally, leveraging its cloud computing and AI capabilities to support this trend [2][3]. Group 1: Global Expansion of Chinese Enterprises - The trend of Chinese enterprises going global is becoming inevitable, with a shift from merely exporting goods to also including technology, brands, and high-end manufacturing [3][4]. - Chinese enterprises are increasingly high-end in their industries, diversifying their target regions from primarily Europe and America to a more global approach [2][3]. - The operational model for these enterprises is evolving towards localization and networking, indicating a shift from traditional export methods to a more integrated global collaboration [2][3]. Group 2: Alibaba Cloud's Role - Alibaba Cloud plans to invest over 380 billion yuan in building cloud and AI hardware infrastructure over the next three years, surpassing the total investment of the past decade [5]. - The cloud service will maintain a unified technical architecture and service platform for both domestic and international operations, providing comprehensive solutions for Chinese enterprises [4][5]. - Alibaba Cloud has already served 250,000 Chinese enterprises going global, covering various industries [5]. Group 3: Challenges Faced by Chinese Enterprises - Chinese enterprises face significant challenges in building their own infrastructure abroad, with high costs and risks associated with self-built data centers [3][9]. - The need for rapid deployment of key business systems globally is critical for supporting overseas market expansion [3][4]. - Compliance and operational efficiency are major concerns, with many enterprises recognizing the advantages of utilizing cloud services over self-built solutions [9][10]. Group 4: Industry Trends and Future Outlook - The automotive sector, particularly in electric vehicles, is emerging as a new leader in overseas expansion, with companies like GAC, Xpeng, and Changan actively exploring international markets [3][5]. - The demand for cloud services is expected to grow as more enterprises recognize the benefits of cloud computing in terms of cost, efficiency, and compliance [10][11]. - The global landscape for cloud services is evolving, with Alibaba Cloud's strategic combination of AI, public cloud, and international expansion potentially reshaping the competitive environment [6][10].