Increasing structural highlights, public offerings analyze investment opportunities in 2026.

Recently, several public fund institutions such as Cathay Fund, China Merchants Fund, HSBC Jintrust Fund, and Great Wall Fund held their 2026 annual strategy meetings. Many fund managers discussed in depth the subsequent investment opportunities in hot sectors such as AI technology, consumer goods, and innovative pharmaceuticals. Looking ahead to 2026, some industry insiders express optimism about the market, suggesting that the driving force behind the market may shift from a single valuation-driven approach to a dual approach of "profit + valuation". 2026 marks the beginning of the "14th Five-Year Plan", and industry policies and macroeconomic support policies are highly anticipated. Next year, overall corporate performance of listed companies is expected to further improve, with a higher probability of structural highlights, which will help increase market risk appetite. Currently, the ratio of the market value of freely tradable A-shares to resident deposits remains at a relatively low level, indicating that the stock market may attract more new funds. Additionally, the current market valuation structure is relatively healthy, with no signs of overheating overall.