According to the latest research report from CITIC Securities, the market's 'W-shaped bottom' has been firmly established. This confirmation brings significant relief from the market anxieties that loomed earlier, and the recovery rally is advancing in line with expectations. Historical trends reveal that the overall rebound period for A-shares has typically been relatively brief, with the current recovery reaching approximately half of the historical average. Notably, the recovery rally is anticipated to persist into August.

The technology growth sector, which previously witnessed substantial declines, is currently displaying a modest level of recovery and retains considerable potential for further growth. Small and mid-cap stocks have capitalized on improved liquidity, showcasing outstanding performance in this rebound. However, their recovery progress aligns with that of the broader market.

In terms of industry allocation, it is advisable to concentrate on sectors poised for oversold recovery and enhanced prospects. Particular attention should be directed towards AI computing power (encompassing PCB, CCL, semiconductor equipment and materials, advanced packaging, etc.), innovative pharmaceuticals (CRO, CDMO), non-ferrous metals (industrial metals, precious metals, strategic minor metals), and mechanical equipment, among others.