Suggestions on asset allocation of major categories from December to February 22:
Equity: increase equity to [high allocation]; Maintain SSE 50 and CSI 300 [standard configuration or high configuration], and increase CSI 500 to [high configuration]; Maintain the financial [high configuration], increase the growth cycle to [high configuration], and maintain the consumption [standard configuration]. The investment value of large cap stocks did not change much, and the investment value of medium cap stocks increased rapidly. The investment value of consumer stocks was basically the same as that in the previous period, and other sectors increased significantly
Bonds: maintain the [standard configuration] of interest rate bonds, downgrade the high rated credit bonds to [standard configuration] again, and downgrade the convertible bonds to [standard configuration or low configuration]
Commodities: maintain [low allocation] precious metals, industrial products, Shenzhen Agricultural Products Group Co.Ltd(000061) long RMB exchange rate: [standard allocation] RMB assets
Risk warning: outbreak again; The economic growth rate fell faster than expected; Monetary policy tightened more than expected
