Following the unveiling of the 'Proposal for the 15th Five-Year Plan', analysts at CITIC Construction Investment have highlighted that, in the short term, the increased policy clarity is likely to bolster market risk sentiment. Meanwhile, the long- to medium-term blueprint for a modern industrial system delineated in the plan will chart growth trajectories for A-shares, potentially reinforcing the bedrock of a bull market. From an industry perspective, they advise concentrating on sectors like AI and semiconductor chips.
