Jiashi Fund Fang Han: Equity market in 2026 is rational leaning towards optimism, focusing on AI applications and domestic demand sector.

At the Jia Shi Fund 2026 Investment Strategy Summit held on January 23rd, Jia Shi Fund's Director of Stock Strategy Research, Fang Han, stated that the overall rationality of the equity market in 2026 is leaning towards optimism, and will see key structural and rhythmic changes. Fang Han reviewed that the main focus of the market in 2025 was on three major directions: the investment boom driven by AI, the revaluation of strategic resources such as AI infrastructure demand, and enterprise value revaluation brought by Chinese manufacturing going global. In terms of variety selection, Fang Han suggested focusing on two types of opportunities: low to mid-range varieties, focusing on "AI+" downstream applications and upstream raw materials, infrastructure, and other mainline diffusion areas; and low-end domestic demand sectors, focusing on companies with rising profits in the background of anti-enclosure, and targets benefiting from expanding domestic demand initiatives. These sectors will determine the overall index movement for the year.