According to the CITIC Securities Research Report, on August 28, 2026, the National Development and Reform Commission and the Ministry of Transport issued the “Logistics Network Construction Implementation Plan”, which clearly promoted a reduction in the ratio of total social logistics costs to GDP during the “15th Five-Year Plan” period to 13.1%, a decrease of 0.8 percentage points from the end of the “14th Five-Year Plan” period. The construction of logistics networks during the “15th Five-Year Plan” period has entered a structural attack stage. It is expected that increasing the difficulty of reducing costs will drive the continuous expansion of infrastructure investment. CITIC Securities estimates that the total infrastructure investment in the logistics network reached 3.6 trillion yuan to 4.3 trillion yuan. Looking ahead, focusing on the dividends of policy implementation in the short term, multimodal transport and hub support construction are highly certain; in the long run, opportunities are not limited to short-term engineering benefits of traditional infrastructure, but are based on derivative values such as logistics operations, supply chain services, digital support, and industrial empowerment after network formation.

According to the CITIC Securities Research Report, on August 28, 2026, the National Development and Reform Commission and the Ministry of Transport issued the “Logistics Network Construction Implementation Plan”, which clearly promoted a reduction in the ratio of total social logistics costs to GDP during the “15th Five-Year Plan” period to 13.1%, a decrease of 0.8 percentage points from the end of the “14th Five-Year Plan” period. The construction of logistics networks during the “15th Five-Year Plan” period has entered a structural attack stage. It is expected that increasing the difficulty of reducing costs will drive the continuous expansion of infrastructure investment. CITIC Securities estimates that the total infrastructure investment in the logistics network reached 3.6 trillion yuan to 4.3 trillion yuan. Looking ahead, focusing on the dividends of policy implementation in the short term, multimodal transport and hub support construction are highly certain; in the long run, opportunities are not limited to short-term engineering benefits of traditional infrastructure, but are based on derivative values such as logistics operations, supply chain services, digital support, and industrial empowerment after network formation.