Recently, there have been a lot of hot spots and themes in the a** field, which is a bit dazzling, but there are still some hot spots, which are new from head to toe, and even the concept has only been proposed for a short time, which is included hereNew quality productivityWhat specific industries and sectors does it contain?
Tracing back to its origins, "new quality productivity" was first proposed at a symposium in September 2023, when the original text was "integrate scientific and technological innovation resources, lead the development of strategic emerging industries and future industries, and accelerate the formation of new quality productivity". This word is not difficult to understand at first glance, and it literally means emerging, high-quality productivity, but it is too broad to understand it alone, and some institutions specifically interpret "new" from four levels, namelyRepresent new technologies, create new value, adapt to new industries, and reshape new kinetic energy(Data**: Zheshang**) and then with the previous sentence of the original source: leading the development of strategic emerging industries and future industries, the logic will be straightened out. The new quality productivity represents the future development direction, in order to achieve it, we need to make good use of two grasps, namely strategic emerging industries and future industries.
So what industries do these industries correspond to?
The specific scope of these two types of industries can be found in the "Implementation Plan for the New Industry Standardization Pilot Project (2023 2035)" released in August 2023. "Focus on 8 emerging industries such as new generation information technology, new energy, new materials, high-end equipment, new energy vehicles, green environmental protection, civil aviation, shipbuilding and marine engineering equipment, as well as 9 future industries such as metaverse, brain-computer interface, quantum information, humanoid robots, generative artificial intelligence, biomanufacturing, future display, future network, and new energy storage." Interpreted in this way, these 8+9 have a total of 17 industries, which is the actual direction of new quality productivity.
Do you feel a little confused when you look at it this way, which track will benefit more? Corresponding to A-shares, which sectors are there?
On this basis, some institutions divide in a more direct way, and the corresponding new quality productivity is actually big technology, big health and big manufacturing track. Corresponding to A-shares, big technology includes computers, electronics, communications, etc., big health includes medicine and biology, and big manufacturing includes power equipment, mechanical equipment, national defense and military industry, automobiles, etc. (Material**: Zheshang**).
Now that we have a clear understanding of the industry section corresponding to the "new quality productivity", if we look for the corresponding index according to each sub-industry, we will find that there are too many indices involved. Is there a broad-based index that can cover the entire concept of "new quality productivity" at once? Let's take a few broad-based indices that are more representative and different styles in the market now, and look at the weight proportion according to the related industries involved, which are really highly correlated. For example, the total productivity of CSI 1000 and CSI 2000 is more than 50%, andThe proportion of science and technology innovation 50 and science and technology innovation 100 is as high as more than 90%.
Data**: Wind, 20242.29
If you think about it, this result is not surprising, the Science and Technology Innovation Board was established to support high-tech industries and strategic emerging industries, which coincides with the industries covered by the new quality productivity!
Of course, back to the market, no matter how the concept is innovative, the starting point of investment must not be to simply chase hot spots, and it is a very small probability to be able to accurately keep up with the market style switch, the starting point of our asset layout, it is best to focus on the growth space of the medium and long-term industry!
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