CITIC Securities: Suggests using the new barbell structure of "AI + Energy and Chemicals" as a strategy to balance risk reduction and returns
CITIC Securities suggests a strategic approach combining AI and energy/chemical sectors to navigate market volatility and achieve returns. The firm notes that current market conditions in China show extreme capital concentration and diverging asset returns, nearing a critical point of divergence. They recommend this "AI + Energy/Chemical" barbell strategy as a way to manage risk and capture gains during this uncertain period, especially as micro-level industry narratives alone are insufficient to break the current market deadlock. AI