International
1. Mitsubishi UFJ: The end of the US government shutdown will reduce data uncertainty and boost investor sentiment.
2. Citigroup: Japanese 30-year government bond yields are expected to remain range-bound.
3. Goldman Sachs: US capital is flowing into Japanese stocks in large quantities, with participation reaching its highest level in three years.
4. ANZ: The end of the US government shutdown may have a limited impact on the interest rate market.
Domestic
1. CICC: Gold is expected to continue its upward trend next year.
2. CITIC Securities: AI narratives only affect the slope of the market, not the trend; portfolio adjustments should not deliberately avoid AI narratives.
3. China Merchants Securities: Non-ferrous metals, steel, and building materials are pro-cyclical options worth considering for investment.
4. CITIC Securities: The A-share bull market is expected to continue in 2026; it is recommended to invest in future industries, focus on key resources and the military sector.
5. Guojin Securities: In this round of broad-based market movement, short-term catch-up gains in specific segments of power equipment and chemicals are worth paying attention to.
6. Huatai Securities: Focus on undervalued, high-growth stocks amid a shift in profit perspective.
7. Guojin Securities: Breakthroughs in solid-state battery technology and explosive growth in energy storage demand; a broad-based bullish outlook on the lithium battery industry chain.
8. Guosheng Securities: Silicon photonics technology is reshaping the optical module industry chain; focus on investment opportunities in front-end chip design and wafer manufacturing.
9. China Galaxy Securities: Focus on thematic opportunities such as dividends amid sector rotation.
