Recently, banks and financial management companies such as Everbright Wealth Management and Ningyin Wealth Management have successively disclosed investment reports for the fourth quarter of 2022 for their equity products. Judging from the direct stock investment situation, the new energy and pharmaceutical sectors are the main positions for equity products. Some products added consumer and banking sectors during the reporting period, involving individual stocks such as Luzhou Laojiao, Kweichow Moutai, and Industrial Bank. The holding style of equity FOF wealth management products is relatively balanced, with both growth and value styles. Funds such as E-Fangda New Economy and Wanjia Select are “regular customers” of the top ten assets. Looking ahead to the future market, banks and financial management companies believe that A-shares are expected to achieve positive returns in 2023, and that the big consumer sector is worth focusing on.