Xinhua News Agency, May 28, the latest research report of CITIC Construction Investment pointed out that historical experience and fundamentals indicate that the current market has entered the bottom, there is little room for further downside, and a reversal of the predicament may come in June. The market has entered the bottom area, but due to the domestic economy and overseas concerns to stop falling and rebounding overnight, we think that it is more possible to build a "U-shaped" or "W-shaped" compound bottom. Investors do not need to panic excessively, the strategy can shift from defensive thinking to layout thinking, focusing on the direction: 1) the direction of fundamental improvement; 2) the direction of policy increase; 3) the preferred direction of incremental capital inflows. Industry recommendations: semiconductors, media, communications, computers, medicine, energy storage / wind power, power and so on.