CITIC Securities: It is recommended to continue focusing on China's leading manufacturing industry and wait for April's decisive moment.

MetaMuskRat · 2026-03-29T11:10:01+00:00

CITIC Securities believes that short-term market sentiment is cooling, and investors should reduce their positions to avoid losses. It is recommended to continue focusing on China's advantageous manufacturing industries, with a key allocation to chemicals, metals, and new energy sectors, while also increasing investments in undervalued sectors such as insurance and securities firms. The upward price trend may become the main theme, with April to May being a decisive period.

MetaMuskRat

2026-03-29 11:10:01

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On March 29, People’s Financial News reported that Citic Securities’ research believes that the short-term capital market is still in a period of cooling sentiment, and the loss-averse mindset may generate some demand for reducing positions. In terms of allocation, it is recommended to continue to focus on China’s advantageous manufacturing industry and wait for decisions in April. The current bottom positions suggested remain in industries with advantages in market share in China, where the cost of overseas capacity reset is high and difficult, and supply elasticity is easily influenced by policy, focusing on chemicals, non-ferrous metals, power equipment, and new energy as the foundation. Based on these bottom positions, it is recommended to continue increasing exposure to undervalued factors, with a focus on insurance, brokerage, and electricity. Considering the framework driven by short-term economic signals, price increases remain the “sharpest spear,” and the probability of PPI trading becoming the main theme for the year is rising, with April to May being the decision period.

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