The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for application lifecycle management by geography and historical trend. The scope of the report extends to sizing of the application lifecycle management market and global market trends with market data for 2021 as the base year, 2022 and 2022 as the estimate years and forecast for 2024 with projection of CAGR from 2024 to 2029.

The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for applicant tracking system by geography and historical trend. The scope of the report extends to sizing of the applicant tracking system market and global market trends with market data for 2021 as the base year, 2022 and 2022 as the estimate years and forecast for 2024 with projection of CAGR from 2024 to 2029.

The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for agritourism by geography and historical trend. The scope of the report extends to sizing of the agritourism market and global market trends with market data for 2021 as the base year, 2022 and 2022 as the estimate years and forecast for 2024 with projection of CAGR from 2024 to 2029.

2023年首周日均股基交易额环比回升，两融余额及市场活跃度总体维持高位。资本市场改革持续推进，券商各项业务有望提速，头部券商优势显著。保险行业2023 年“开门红”值得期待，中长期看好康养产业发展；十年期国债收益率回升至2.8%以上，如果经济预期持续改善、长端利率继续上行，保险公司投资端压力将显著缓解。公司推荐：中国人寿、中国太保、中信证券、东方证券等。

1 月7 日，银保监会主席郭树清接受新华社记者专访《货币政策精准有力，金融服务大有可为》，访谈涉及未来金融政策重心、金融风险管理、金融改革开放，金融支持民营经济模式等。我们认为，访谈表明2023 年金融工作重心领域，包括：（1）推进有效信贷投放，加大对民营部门支持力度；（2）稳定金融风险，支持地产、地方政府、中小金融机构风险化解；（3）互联网平台整改基本到位，未来将步入常态化监管模式。

最近市场开始关注超额储蓄能否转化为消费的问题，我们尝试着从货币的分配结构来阐述一下我们的看法。通常投资者都会有一个朴素的货币认知，认为只要广义货币总量扩张经济总需求就会扩张，从而拉动通胀。但如果考虑时间范畴，货币扩张在一定时间内可能并不会带来高通胀，比如过去三年的中国。货币不是个简单总量的问题，过去几年中，我们的M2、社融增速远高于名义经济增速，既没有明显拉动经济增长，也没有明显推升通胀，我们必须从结构中寻找原因。

本周，大盘整体反弹上行，沪深300 指数上涨2.82%，上证综指上涨2.21%，深证成指上涨3.19%，创业板指数上涨3.21%，其中券商板块上涨1.79%，保险板块上涨4.78%。本周沪深两市日均股基交易额为9351 亿元，环比上涨26%。本周，蚂蚁整改最新进展披露，银保监会主席就“平台经济”等事项发声，释放积极政策信号；证券业《安全提升计划》发布，政策引导券商进一步加大IT投入，重点关注金融科技IT 板块。考虑到近期稳增长、稳地产政策持续发力，流动性宽松有望延续，助推市场信心提振，我们积极看好非银板块迎来整体估值修复。

未来一年看，保险行业困境反转逻辑仍然有空间，我们判断合理估值区间为1-1.5 倍PB；未来三年看，行业有可能走向健康发展，负债端企稳复苏后可能实现估值切换，至少值1 倍PEV；我们上调保险行业评级至“强于大市”。公司方面：短期关注中国平安/中国太保/中国太平/新华保险等内资保险股，中长期关注友邦保险。