Economic Overview - In the first half of 2025, China's economy is showing resilience and a positive trend due to coordinated policies aimed at stabilizing the market, expanding domestic demand, and promoting openness [1] - The external geopolitical risks and internal profit differentiation are critical for breaking through in the latter half of the year [1] Investment Opportunities - The rapid development of artificial intelligence (AI) technology is expected to lead a new wave of technological revolution, providing significant growth potential for the tech industry [3] - The Chinese innovative pharmaceutical industry is entering a "golden year," with opportunities for commercialization in domestic medical insurance, overseas licensing of domestic innovative drugs, and capitalizing on industry cycles and valuation opportunities [4] - The humanoid robot industry is anticipated to become a golden investment track, with China playing a crucial role in global production and technological advancements [5][6] - New consumption trends are emerging, focusing on spiritual consumption, cost-effective products, and brands going overseas, with specific attention on sectors like trendy toys and domestic cosmetics [7] Sector Insights - The semiconductor, innovative pharmaceuticals, and military industries are highlighted as sectors with long-term investment potential, particularly in the context of China's economic transformation [8] - The automotive industry is shifting towards smart technology, with a focus on intelligent vehicles as a core competitive advantage [12] Market Strategies - Investment strategies should focus on low-valuation consumer stocks and cyclical sectors, particularly those maintaining stable profits during economic downturns [9] - AI-related investments are recommended, especially in AI infrastructure and applications, as the market is expected to see significant growth in the coming years [10][11][17] Fund Performance - The Ping An Company Bond ETF has shown strong credit quality and liquidity, becoming a leading choice for various investor groups [16] - The Ping An AI ETF is positioned well for investment, with the AI sector being a key driver of the new technological revolution [17] - The China A50 Index is recognized for its focus on industry leaders and balanced sector structure, making it a valuable tool for enhancing investment in core Chinese assets [18]

此外，端侧AI的发展也为本地化部署提供了可能，预计未来五年全球端侧AI市场规模将超1.2万亿元， 中国市场增速达32%。在消费电子领域，AI PC、AI手机和AI/AR眼镜的渗透率有望快速提升。人形机 器人和智能驾驶领域也将迎来快速发展，2025年有望成为人形机器人量产的元年。 "新"向未来——平安基金2025年中期投资策略会于6月25日-26日举行，多位行业专家对当前经济形势、 热门行业发展前景、资产配置等话题展开探讨。平安人工智能ETF基金经理刘洁倩发表主旨为《AI人工 智能：自主可控和应用加速的双轮驱动》的演讲。她表示，AI人工智能板块在自主可控与应用加速的 双轮驱动下，投资价值凸显。投资者可关注相关ETF产品，把握这一新兴科技领域的投资机遇。 AI人工智能是新一轮科技革命和产业变革的重要驱动力量，被誉为"第四次工业革命"。刘洁倩指出，中 国在AI基座模型方面取得了显著成果，如DeepSeek的成功推出，其开源、深度思考和高性能低成本的 特点使其获得全球认可。然而，中国AI产业链整体与全球先进水平仍有差距，尤其是在芯片领域。面 对海外的技术封锁，如英伟达芯片的限售和EDA技术的限制，中国发展AI自主可控 ...