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Market Overview (2025-11-28)

• A-share indices showed divergent performance Thursday: CSI 300 Index +0.05%, SSE Composite +0.29%, Shenzhen Component -0.25%. Total turnover decreased by 74bn yuan from previous day. Over 2400 stocks declined. Notable performing sectors: electronics, organic silicon, flu. Underperforming sectors: tourism, cinema.

Important News:

• Automotive Sector: Postponing used car sales to boost consumption. Supporting auto rental, modification, recreation, etc.
• Economic Guidance: Official expressions on promoting demand, supply-side structural reform, REITs expansion. Continued intelligent AI development emphasized. Low-carbon transition supported via policies.

Strategy Notes

• shifts toward value stocks after tech-heavy themes correct from overvaluation. Expected policy releases in Cap. Market backbone sectors mitigating risks.

Consumption/Economic Policy

• Significant government policy promoting consumer goods through adaptation to changing demands. Creating three trillions CNY markets by 2027, assisting retail modernization.

Key Growth Sectors:

• Technology (autonomous vehicles, AI industrial bases), retail (smart homes, green tech), health and wellness items, gold jewelry, and other durable assets.

Risk Factors:

• Divergent global economic conditions potentially harming cross-market investments. Interior Chinese growth risks, regulations timing affecting investor confidence.