CITIC Securities: Focus on Three Clues for A-share Industry Allocation at the End of the Year and the Beginning of the Year

The China Investment Securities research report stated that the short-term volatility of the A-share market is mainly influenced by external factors such as concerns about the AI bubble in the US stock market and the possibility of an interest rate hike by the Bank of Japan. Currently, the stock prices of core AI companies in the US have stabilized, and the impact of the Bank of Japan's interest rate hike is expected to be limited. It is hoped that the A-share market will resonate with global stock markets in an upward trend. At the end of the year and the beginning of the new year, three key industry trends in the A-share market are being watched: dividend value, positioning in the economic recovery, and hot industry themes. Industries that are closely watched include: non-ferrous metals, Hong Kong stocks with high dividends, non-bank financial institutions, AI, new energy, innovative pharmaceuticals, and banks. Key themes to focus on include: Hainan, nuclear power, and winter sports tourism.