Looking ahead to July, the CITIC Construction Investment Research Report believes that equity assets will remain highly active, while there is still uncertainty about the imposition of tariffs imposed by the US. Another performance forecast for A-shares will begin to be disclosed in July, and the market is expected to maintain an overall volatile upward trend. Along with the upward shift in the price center, the allocation value of debt-conversion assets will decline, and the risk appetite for equity assets has increased markedly recently. It is recommended that debt-conversion assets be viewed more as a tool to capture upward momentum in equity in the short term. The allocation value of debt conversion will be better reflected after the valuation is moderately digested. In terms of style, it is recommended to continue to pay attention to bonus coupons and small-cap vouchers. Furthermore, along with the forced redemption of bank-type bonds, the scarcity of high-rated individual securities was further highlighted.

Looking ahead to July, the CITIC Construction Investment Research Report believes that equity assets will remain highly active, while there is still uncertainty about the imposition of tariffs imposed by the US. Another performance forecast for A-shares will begin to be disclosed in July, and the market is expected to maintain an overall volatile upward trend. Along with the upward shift in the price center, the allocation value of debt-conversion assets will decline, and the risk appetite for equity assets has increased markedly recently. It is recommended that debt-conversion assets be viewed more as a tool to capture upward momentum in equity in the short term. The allocation value of debt conversion will be better reflected after the valuation is moderately digested. In terms of style, it is recommended to continue to pay attention to bonus coupons and small-cap vouchers. Furthermore, along with the forced redemption of bank-type bonds, the scarcity of high-rated individual securities was further highlighted.