November sees rising enthusiasm for brokerage research; electronics, machinery and equipment industries favored.

Brokerage research institutes have entered a busy period of surveys. Data shows that since November, brokerages have conducted surveys of 328 listed companies in total, with survey targets concentrated in industries such as electronics, machinery and equipment, and pharmaceuticals and biotechnology. During the same period, brokerages adjusted the ratings of 18 listed companies, a number already close to the full-month level of October. In terms of investment strategy, several brokerages at recent strategy meetings remain optimistic about the long-term technology narrative and believe that the ChiNext and STAR Market boards, which saw relatively large corrections earlier, present opportunities for valuation repair.