Focus on securities brokers' mid-term strategy for 2025, A-share growth is expected, and structural opportunities led by technology consumption.

Recently, major securities firms have convened intensive mid-term strategy meetings for 2025, conducting in-depth analysis on the trends and investment strategies of the A-share market in the second half of the year. They have provided forward-looking insights and valuable strategic guidelines for investors. In terms of institutional consensus, securities firms generally hold an optimistic attitude towards the performance of the capital market in the second half of the year, believing that A-shares are likely to stabilize and rise under the resonance of multiple policy dividends and the momentum of industrial upgrading, with new investment opportunities on the horizon. Among them, sectors such as technology and domestic consumption have become core allocation directions recommended by many analysts.