Recently, Zhang Xiaomu, a fund manager with Fidelity Fund, expressed the view that China's capital market is currently undergoing a profound and fundamental restructuring. Policies are actively propelling the growth of what can be termed "new-quality productive forces." The increase in research and development (R&D) investment is significantly speeding up the process of achieving technological self-reliance and self-enhancement in China.

The shift from traditional economic drivers to new ones is no longer just a hopeful expectation but is gradually materializing into reality. As a consensus forms around medium- to long-term capital allocation strategies, Zhang Xiaomu firmly believes that the core investment opportunities in 2026 will continue to be concentrated in the realm of technological innovation. This is especially true for innovation-driven industries that boast independent control and development capabilities.