CITIC Securities: Europe is accelerating the promotion of strategic independence, and energy equipment, construction machinery, and key materials may be potential cooperation entry points for Chinese enterprises.

CITIC Securities research report stated that on July 24, the 25th China-EU Summit was held in Beijing, where Chinese leaders held formal meetings with visiting European Council President Costa and European Commission President Von der Leyen. Against the background of the summit, disturbances in US-EU relations caused by Trump's policies have highlighted the need for China and the EU to address each other's concerns through dialogue. In terms of meeting outcomes, China and the EU reached multiple agreements on global issues such as climate change and multilateralism. The optimization of policies regarding rare earth export controls and the prospect of Chinese companies going global are expected to alleviate European concerns about supply chain security and industrial competitiveness. In terms of investment opportunities, China-EU trade has started well this year, with industries such as machinery and vehicles driving China's exports to Europe. As Europe accelerates its strategic autonomy, its large-scale fiscal spending plans are expected to bring opportunities in energy equipment, engineering machinery, and critical materials, which could serve as potential entry points for Chinese companies to cooperate.