GF Securities: A New Main Theme Emerges in the A-Share Market; Seize the Current Transition Window Period

The new investment theme for 2026 has already begun to manifest in the commodity markets, real economy industrial chains, and foreign exchange markets.

Zhitong FinanceDec 28, 2025 19:42

CICC: Focus on Three Investment Themes in Light of Q3 Earnings Reports

Gelonghui October 20 — CICC pointed out that, in combination with the third-quarter earnings report, investors should focus on three investment themes. Given the relatively subdued internal growth expectations and heightened external uncertainties due to the renewed escalation of tariffs between China and the US, investors during the earnings season may pay closer attention to fundamental developments and seek structural highlights through the third-quarter reports. During the earnings disclosure phase, key areas of focus include: 1) sectors showing strong performance in the third-quarter reports, such as gold, TMT sectors benefiting from the high demand for AI, and non-banking financials; 2) high-growth opportunities with low correlation to economic cycles and external risks, such as the AI supply chain, as well as home appliances and industrial products with significant trade exposure to non-US economies and robust overseas production capacity.

Gelonghui FinanceOct 20, 2025 08:15