CITIC SEC released a Research Report, stating that in March, both industrial and service production achieved rapid growth, with improvements in both supply and demand significantly rebounding compared to the previous two months, especially as external demand maintained a high level beyond expectations. From the production side, industrial value-added growth continued to rise, greatly exceeding market expectations, and the service production index also strengthened. On the demand side, consumer data was significantly higher than market expectations, with substantial rebounds in Commodity consumption and Dining consumption growth rates. Investment growth also notably exceeded market expectations, with Infrastructure investment being a core driving factor. At the macro level, expectations for policies to boost domestic demand will gradually strengthen, and the performance of consumer allocation is expected to reach a peak, emphasizing again on increasing the allocation for consumption. Real Estate policies have been incorporated into the framework for expanding domestic demand, and policies aimed at stabilizing housing prices are anticipated to be imminent; it is expected that housing prices will reach the bottom of a long cycle by 2025. Bank stocks will benefit from stable financial data, clear dividend value, and low valuation fluctuations; there is optimism for both relative and absolute value throughout the year, suggesting increased allocation.