China Securities Co., Ltd.: Continue to actively deploy, corrections are opportunities.

China Securities Co., Ltd. released a research report stating that the market warmed up this week, with expectations for improved Sino-US relations and a rise in sentiment. Recently, local governments have been holding frequent meetings, with many setting their GDP target for 2025 at around 5% or 5.5%. The market is also starting to anticipate policies from these meetings. As Trump's inauguration approaches, positive signals are being released regarding US-China relations. After the recent release of US inflation data, there are also signs that US bond yields have peaked. A new round of market rallies is gradually unfolding, so investors may consider continuing to actively deploy their investments, taking advantage of any potential corrections. Key points from China Securities Co., Ltd. include: - Recently, many regions have set their GDP target for 2025 at around 5% or 5.5%. Key terms mentioned in these meetings include "two news," "two heavy," and "new quality productivity." - Regions are making varying degrees of progress in implementing policies related to "two news," but the details are still being worked out gradually. Policies related to "two heavy" and "two news" are expanding to stimulate domestic demand, focusing on boosting consumption, increasing domestic demand, and promoting economic circulation. - After the release of US inflation data, expectations of Federal Reserve tightening have eased, leading to a gradual peak in US bond yields. With Trump's inauguration approaching, his primary policies do not seem to be targeting China. A call between the top leaders of China and the US on January 17 has alleviated some pessimistic expectations about US-China relations under Trump's presidency. - Recent themes such as "AI+" and low-altitude economy have been frequently catalyzing the market. The CES 2025 International Consumer Electronics Show has become an important stage for the accelerated implementation of AI on the edge. The "AI+ industry" has shown significant catalytic effects. In the emerging industry sector, regions are gradually implementing low-altitude economic policies, strengthening infrastructure development, and Xiong'an New Power Technology is becoming an engine for regional high-quality economic development. - Focus on growth industries benefiting from the "boosting domestic demand" policy, including electronics, communication, non-ferrous metals, non-banking financial services, banking, construction, and food industries. - Risks include geopolitical risks, US inflation exceeding expectations, and the effectiveness of domestic economic recovery or steady growth policies falling short of expectations.