According to the CITIC Construction Investment Research Report, the A-share bull market is expected to continue in 2026. It is expected that the index will still fluctuate upward but the increase will slow down, and investors are paying more attention to improving fundamentals and verifying the economy. We should be wary of the risk of structural/phased pullbacks in the technology sector. Resource products are likely to become a new main line direction for A-shares after the main technology line. The comprehensive game between China and the US is likely to have an important impact on A-share investment. It is recommended to lay out future industries and focus on key resources and military direction. The industry focuses on: new energy, non-ferrous metals, basic chemicals, petroleum and petrochemicals, non-banking, military, machinery and equipment, computers, etc. Topics focus on: new materials, solid state batteries, commercial aerospace, nuclear power, cross-strait integration, etc.

According to the CITIC Construction Investment Research Report, the A-share bull market is expected to continue in 2026. It is expected that the index will still fluctuate upward but the increase will slow down, and investors are paying more attention to improving fundamentals and verifying the economy. We should be wary of the risk of structural/phased pullbacks in the technology sector. Resource products are likely to become a new main line direction for A-shares after the main technology line. The comprehensive game between China and the US is likely to have an important impact on A-share investment. It is recommended to lay out future industries and focus on key resources and military direction. The industry focuses on: new energy, non-ferrous metals, basic chemicals, petroleum and petrochemicals, non-banking, military, machinery and equipment, computers, etc. Topics focus on: new materials, solid state batteries, commercial aerospace, nuclear power, cross-strait integration, etc.