Bao Chengchao, chief analyst of strategy research at CITIC Securities, said that in recent years, with the transformation and upgrading of the domestic economy and continuous capital market reforms, the investment value of A-shares has gradually increased. From a fundamental perspective, the A-share market is currently in an upward profit cycle. The performance of listed companies continues to be realized. The boom in the fields of finance, innovative pharmaceuticals, new energy, non-ferrous metals, chemicals, etc. has improved markedly, and the market is shifting from a single main line to diversified pricing. Judging from industry trends, global AI capital expenditure is still in the expansion stage, and the domestic AI industry chain is in a leading position in the world in terms of computing power, models, and applications.

Bao Chengchao, chief analyst of strategy research at CITIC Securities, said that in recent years, with the transformation and upgrading of the domestic economy and continuous capital market reforms, the investment value of A-shares has gradually increased. From a fundamental perspective, the A-share market is currently in an upward profit cycle. The performance of listed companies continues to be realized. The boom in the fields of finance, innovative pharmaceuticals, new energy, non-ferrous metals, chemicals, etc. has improved markedly, and the market is shifting from a single main line to diversified pricing. Judging from industry trends, global AI capital expenditure is still in the expansion stage, and the domestic AI industry chain is in a leading position in the world in terms of computing power, models, and applications.