In 2013, the national strategic emerging industries set off a wave of market waves under the optimistic expectation, which created a number of star stocks with new highs in the GEM. It is also in this year that the preferential policies that local governments have adopted in attracting investment in the past few years to harm fair competition have led to emerging industries repeating the strange circle of traditional industry surplus.

"Policy support - rapid development - overcapacity - comprehensive governance" is not so much a strange circle as it has become a "normal" phenomenon in China's industrial development. In this round of resolving the overcapacity process, it is possible to effectively control the production capacity of the existing overcapacity industries by means of marketization.

In 2014, the key words of the Chinese economy were “stable growth, restructuring, and transformation” and “all-round deepening reforms”. Each of these links is an emerging industry.

With the pace of reform of the national macro-policy, the promotion of positive and rational policies, and the continuous advancement of emerging technologies, the rise of the stock market will not only be the expectation of emerging industries, but the steady improvement of these emerging technologies and the gradual roll-out of the application market. .

The Central Economic Work Conference at the end of last year proposed six major tasks for economic work this year. The second one clearly pointed out that it is necessary to adjust the industrial structure, vigorously develop strategic emerging industries, and accelerate the optimization and upgrading of traditional industries. The Political Bureau of the CPC Central Committee said that it is necessary to speed up the implementation of the innovation-driven strategy, promote new progress in the development of strategic emerging industries, promote the transformation and upgrading of traditional industries, promote the integration and development of service industries and manufacturing industries, and promote the transformation and upgrading of industries.

According to the overall target set by the State Council, by 2015 and 2020, the added value of strategic emerging industries will account for 8% and 15% of GDP respectively.

Local governments have recently introduced relevant policies to promote the development of strategic emerging industries. For example, Shanghai recently launched 20 state-owned SOE reforms, emphasizing the need to focus on the development of new energy vehicles, high-end equipment, next-generation information technology, new energy and other strategic emerging industries with certain foundations and comparative advantages.

2014 will be a key year for the development of strategic emerging industries in the country, especially in the areas of LED, lithium battery, new materials, mergers and acquisitions, and industrial chain integration. The market demand is just beginning in the field of new energy vehicles and robots. The pattern of the industrial market is unclear, and a large amount of capital is waiting for opportunities.

Among these concept stocks, small and medium-sized companies account for the majority, and the GEM and SME board are also considered to be the main sectors that can represent emerging industries. As a result, the GEM index has risen more than 80% in 2013, and the small and medium-sized board index has risen more than 16%, while the Shanghai Composite Index and Shenzhen Securities Index fell more than 7% and 11% respectively.

2014 is the first year of reform and transformation. Although the stock index is unlikely to have a trend-up trend overall, there are opportunities for emerging industry markets with endogenous power in the process of economic adjustment, and the emerging transformation and upgrading of traditional industries also has rich opportunities. The collision of capital with emerging industries will also stimulate the 2014 theme investment opportunities.

In this important period of macroeconomics and securities facing market changes, as the most authoritative third-party emerging industry research and consulting institution in China, the Institute of Advanced Industry will bring its research team and securities research institute, VC/PE, fund and other institutions to invest. The listed companies in emerging industries will jointly discuss the market trends and investment hotspots in 2014, and explain in detail the macroeconomic situation, market risks and investment response strategies.

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