hot topics are: (1) medical reform: medical reform involves rural and urban medical security, rural health system construction, medical sales and circulation, and the difficulty and high cost of seeing a doctor. It is a major reform on medical care, people's livelihood and social harmony. The biggest boost of this reform to pharmaceutical industry stocks is that it will change the valuation standard of the whole pharmaceutical stocks, thus greatly improving the valuation space of pharmaceutical stocks; (2) Tax reform: According to the simulation, under the assumption that the income tax rate is 24%, there are 533 companies whose new tax rate is lower than the actual tax rate of listed companies in 25. The decrease of tax rate means the increase of profits, and 533 companies have enough market width; (3) New accounting standards: it will largely block the phenomenon of profit surprise and profit manipulation, and make the appreciation of assets of many companies fairly reflected in the statements, and some companies will even double their net assets immediately; (4) 3G: The timetable of the 28 Olympic Games will prompt 3G to "yet we called and urged a thousand times before she started toward us" next year, and 3G will enter a period of substantive construction in 27, which will free 3G from the previous pure concept speculation, and many upstream companies will thus form business cash flow, making the 3G market more substantial. And in time, next year will be the hottest year of 3G concept; (5) The improvement of the valuation standard of bank stocks has made investors realize the huge prospect in the field of financial services and the significant growth space of the corresponding stocks. After the boom of banking stocks, the stock market at the beginning of next year will usher in a new upsurge of financial stocks-the issuance and listing of insurance stocks such as China Life Insurance and Ping An Insurance; (6) After the banking stocks and real estate stocks show the charm of "China assets", the international investment strategy of "buying China" will further spread to infrastructure companies such as airports, electric power, highways, railways and ports; (7) The concept of heavyweights will continue to sublimate. 27 is the first year of stock index futures. How can the idea of heavyweights be a flash in the pan this year? Therefore, before and after the introduction of stock index futures, the heavyweights will at least "make three tricks of plum blossom"; (8) After the share reform, it is a "basic reform", and it has the advantages of arbitrage with stock index futures and high dividends in a bull market. Closed-end funds with high discount rate still have significant opportunities; (9) The concepts of Olympic Games, Tianjin Binhai and World Expo will provide colorful trading opportunities next year; (1) In the industry, the sub-industries and companies related to railway construction have the highest prestige in 27.