Recently, a number of foreign-funded institutions, including AllianceBernstein, Manulife Investment Management, Neuberger Berman, and Morgan Stanley, have intensively shared their latest insights on the market. These institutions generally concur that geopolitical developments and the application of artificial intelligence (AI) will emerge as the two pivotal themes in 2026. They anticipate that the global economy will sustain its overall resilience; however, both the Chinese and U.S. markets are exhibiting signs of a 'K-shaped divergence'—a phenomenon where different segments of the economy move in opposite directions. In light of the potential deceleration in the growth rate of AI capital expenditure and the diverging trajectories of global monetary policies, these foreign-funded institutions adopt a stance of cautious optimism regarding the trends in the bond market, shifts in equity styles, and the allocation of Chinese assets in the latter half of the year.