According to a research report issued by CITIC Construction Investment, from early September to early December, both A-share and Hong Kong stock markets experienced an extended period of adjustment, fostering a cautious mindset among investors. However, recent pivotal events and data releases have generally met or slightly surpassed market expectations. CITIC Construction Investment holds the view that the fundamental rationale propelling the bull market remains robust, primarily fueled by structural market dynamics and capital market reform initiatives. Presently, the market has largely concluded its corrective phase, and fund rankings have been predominantly determined, setting the stage for a potential market ascent in the upcoming year.

When considering mid-term industry allocation, it is prudent to prioritize the non-ferrous metals and AI computing power sectors, both of which are buoyed by favorable market trends. For thematic investments, the principal emphasis should be placed on commercial aerospace, with additional attention given to controlled nuclear fusion and humanoid robots as supplementary areas. As for Hong Kong stocks, investment prospects are promising in the domains of internet behemoths and innovative pharmaceuticals.