Key Points
- Major Chinese securities firms recommended a total of 189 stocks for May, with strong consensus around Information Technology, Materials, and Industrial sectors.
The A-share market just got a major roadmap.
Major Chinese securities firms have released their May stock recommendations, and the data tells an interesting story about where institutional money is headed.
According to Wind data, as of May 5, a total of 189 stocks made it onto brokerage recommendation lists.
The big winners?
Four names are commanding serious institutional attention right now:
- Anjoy Foods (Anjie Shipin 安井食品)
- Zhongji Innolight (Zhongji Xuchuang 中际旭创)
- Bank of Ningbo (Ningbo Yinhang 宁波银行)
- Centec Communications (Shengke Tongxin 盛科通信-U)
What’s really interesting: Information technology, materials, and industrial sectors are the ones getting concentrated analyst recognition.
This isn’t random.
Institutions are positioning for a specific post-holiday window where earnings gap convergence meets policy expectations.
Translation: May is when corporate financial results start hitting expectations, and that’s creating real trading opportunities.
The May Market Thesis: Timing Matters
Here’s what institutional strategists are thinking heading into May:
The “Labor Day” holiday just wrapped up, and the A-share market is entering what analysts call a new performance window.
The domestic AI hardware industry chain is expected to continue as a structural highlight for A-shares moving forward.
Translation again: If you’re looking at where growth is actually happening, look at the companies building the infrastructure that powers AI.
That’s the real institutional thesis right now.
The #1 Pick: Anjoy Foods Gets 6 Firm Recommendations
When it comes to institutional consensus, Anjoy Foods (Anjie Shipin 安井食品) is sitting at the top of the leaderboard.
Six securities firms are recommending it:
- Guolian Minsheng (Guolian Minsheng 国联民生)
- Donghai Securities (Donghai Zhengquan 东海证券)
- Guosen Securities (Guoxin Zhengquan 国信证券)
- Pacific Securities (Taipingyang 太平洋)
- Hualong Securities (Hualong Zhengquan 华龙证券)
- Fortune Securities (Caixin Zhengquan 财信证券)
Why are they so bullish?
The catering industry dynamic is shifting.
According to Guolian Minsheng analysts: catering demand hit bottom in Q4 2025 and is now seeing weak recovery, with overall industry demand gradually stabilizing.
That’s the turning point institutional money waits for.
Guosen Securities (Guoxin Zhengquan 国信证券) is even more specific about what they’re seeing:
- Sales of main product categories are rebounding steadily
- Prices per ton have bottomed out and are rising
- Price decline rate is narrowing significantly
The forward-looking thesis?
The company is expected to benefit from eased industry price competition and product structure upgrades throughout 2026.
That’s institutional-grade visibility into earnings growth.
The AI Hardware Play: Zhongji Innolight’s 5-Firm Consensus
If you want to understand where institutional money sees structural growth, look at Zhongji Innolight (Zhongji Xuchuang 中际旭创).
Five firms unanimously recommended it:
- Guolian Minsheng (Guolian Minsheng 国联民生)
- Everbright Securities (Guangda Zhengquan 光大证券)
- China Galaxy Securities (Zhongguo Yinhao 中国银河)
- Hualong Securities (Hualong Zhengquan 华龙证券)
- Industrial Securities (Xingye Zhengquan 兴业证券)
Here’s the investment thesis breaking down:
Optical module manufacturers have solid long-term competitive barriers and supply chain certainty—two things investors obsess over in infrastructure plays.
The next catalyst: official implementation of self-developed silicon photonics chips is expected to increase industry influence.
And here’s the kicker—Guolian Minsheng thinks the valuation is attractive relative to 2027 earnings expectations.
That’s classic institutional positioning: buying ahead of a multi-year earnings cycle.
Banking Gets Attention: Bank of Ningbo and the Margin Story
Bank of Ningbo (Ningbo Yinhang 宁波银行) landed on three securities firm recommendation lists.
Why?
Donghai Securities (Donghai Zhengquan 东海证券) called out two specific drivers:
- Interest margin pressure is easing in the banking industry
- The company has a diversified business model and strong profit growth capability
This matters because margin compression has been a structural headwind for Chinese banks.
If that pressure is actually reversing, that’s a real catalyst for bank stock valuations.
The Semiconductor Angle: Centec Communications and AI Infrastructure
Centec Communications (Shengke Tongxin 盛科通信-U) also pulled three securities firm recommendations.
The thesis is straightforward:
As a leading domestic Ethernet switching chip designer, the company is positioned to benefit from high-speed interconnect network requirements driven by AI infrastructure buildouts.
This is a classic supply-chain play on the AI boom.
Every data center needs these chips.
Every AI cluster expansion drives demand.
The Broader Institutional Landscape: Where Else Are They Looking?
Beyond the top picks, 28 additional stocks attracted recommendations from two brokerages each.
The names generating the most buzz:
- Inspur Electronic Information (Langchao Xinxi 浪潮信息)
- SPIC Mengdong Energy (Diantou Nengyuan 电投能源)
- China Pacific Insurance (Zhongguo Taibao 中国太保)
Let’s dig into Inspur.
Shenwan Hongyuan Securities (Shenwan Hongyuan 申万宏源) is bullish because:
- Computing power capital expenditures from Cloud Service Providers (CSPs) are expected to continually exceed expectations
- The server industry logic remains certain
- Gradual rollout of high-end super-node servers is expected to drive up profitability
That’s the AI infrastructure build-out thesis in three bullet points.
CSPs need servers.
Servers need higher performance.
Companies making that hardware win.
The Information Technology Sector Spotlight
Within tech specifically, institutional attention is concentrated on:
- Foxconn Industrial Internet (Gongye Fulian 工业富联)
- Higon Information Technology (Haiguang Xinxi 海光信息)
- Anker Innovations (Anke Chuangxin 安克创新)
Great Wall Securities (Changcheng Zhengquan 长城证券) provided the research thesis that connects the dots:
Domestic large-scale models are accelerating the localization of computing power.
What does that mean?
Chinese AI companies are building more computing infrastructure domestically, rather than relying on overseas infrastructure.
The evidence is in the pricing:
- Cloud providers are raising prices
- CPU and GPU rental costs are rising
- There’s a significant supply-demand gap
When you see structural supply-demand imbalances like this, the entire supply chain benefits.
That’s why institutional money is piling into the computing power chain.
Post-Holiday Market Outlook: What’s the Setup?
Okay, so it’s May.
The holiday is over.
What happens next?
Institutional strategists are positioning for a specific scenario:
- US tech stocks are leading global markets
- First-quarter earnings are confirming high growth in related fields
- Domestic economic data remains resilient
- Policy atmosphere remains loose
The conclusion: market risk appetite is expected to recover steadily with an upward trend.
Industrial Securities (Xingye Zhengquan 兴业证券) specifically noted that during the holiday, US tech stocks provided an effective lead for global equities.
Since first-quarter reports confirmed earnings growth in related fields, the domestic AI hardware industry chain is expected to be a structural highlight of the A-share market after the holiday.
The companies deepest in optical communications and memory—the components tied to overseas giants—are the ones best positioned.
The Allocation Strategy: Where Should Capital Go?
Fortune Securities (Caitong Zhengquan 财通证券) offered a concrete allocation framework for investors thinking about where to deploy capital right now.
- High cash flow
- Assets that are heavy (stable, long-lived)
- Low competition (high industry barriers)
- Opportunistic valuations
For the steady main line, they recommend a “HALO” trading strategy:
Prioritize companies with:
- High cash flow
- Assets that are heavy (stable, long-lived)
- Low competition (high industry barriers)
- Opportunistic valuations
This covers sectors like:
- Chemicals
- Non-ferrous metals
- Transportation
For more aggressive investors?
Focus shifts to “Growth PLUS” areas:
High-quality tracks with upcoming industrial catalysts but low current market heat.
Think:
- AI+
- Semiconductor equipment
- Commercial aerospace
- Power batteries
- Power grid equipment
That’s the institutional thesis for May going forward: stable cash flows for conservative capital, structural growth for aggressive capital.
The Bottom Line on May’s Institutional Picks
Here’s what the data actually tells us:
Institutional money isn’t chasing hype—they’re positioning for specific structural shifts happening right now in the Chinese economy.
The catering industry is recovering from a bottom.
AI hardware infrastructure is accelerating.
Banking margins are stabilizing.
Computing power is becoming scarcer and more expensive.
These aren’t speculative narratives.
These are multi-firm consensus calls based on visible market dynamics and forward earnings visibility.
If you’re thinking about where institutional capital is actually moving in May, that’s where to look—the 189 stocks on these “Gold Stocks” lists, with particular focus on the highest-consensus picks like Anjoy Foods, Zhongji Innolight, Bank of Ningbo, and Centec Communications.
The May securities “Gold Stocks” framework gives investors a roadmap into institutional positioning for the rest of the year.
