CITIC Securities: It is recommended to continue focusing on the hot technology sectors, and edge AI is expected to become a new catalyst.

CITIC Securities research report stated that with the successful conclusion of the Fourth Plenary Session of the 19th Central Committee of the Communist Party of China, the ideological direction of the "15th Five-Year Plan" has become clearer, and economic and trade negotiations between China and the United States have resumed, marking the end of two major key events both domestically and internationally. After the Shanghai Composite Index broke through the 4000-point mark and the completion of the third-quarter reports, the market is likely to return to a structure driven by performance. We recommend focusing on sectors such as non-ferrous metals and new energy, which have sustained growth and reasonable valuations on the right side. This also basically conforms to the policy direction of strengthening the industrial chain security, where China's scarce resources and high-quality production capacity should not be sold cheaply, but rather should be converted into profit advantages. We also recommend continuing to focus on the technology sector, with edge AI expected to become a new catalyst. In addition, we have also identified opportunities in stock markets such as securities firms, innovative pharmaceuticals, and logistics.