According to the research report issued by CITIC Construction Investment, the short-term volatility of A-shares is predominantly shaped by external factors. These include apprehensions regarding a potential AI bubble in the U.S. equity market and the Bank of Japan's decision to raise interest rates. Presently, the stock prices of leading AI firms listed on the U.S. stock market have shown signs of stabilization. Moreover, the repercussions stemming from the Bank of Japan's interest rate adjustment are anticipated to be contained. Consequently, A-shares are poised to move in tandem with global equity markets, exhibiting a synchronized upward trajectory. As we approach the year-end and the dawn of a new year, investors may find it beneficial to consider three pivotal clues when allocating resources across A-share industries: dividend yield potential, strategic positioning for growth (prosperity layout), and emerging thematic hotspots.

From an industry perspective, priority should be given to sectors such as non-ferrous metals, high-dividend-yielding Hong Kong-listed stocks, non-bank financial institutions, AI (with a focus on liquid cooling and optical communication technologies), new energy (encompassing energy storage solutions and solid-state batteries), innovative pharmaceuticals, and banking. When it comes to thematic investments, attention should be directed towards opportunities in Hainan's duty-free market, nuclear power, and the burgeoning ice and snow tourism sector.