On September 2, at the 23rd UBS Securities China A-Share Seminar, Edwin Lian, Head of Asia Pacific Research at UBS Global Research, highlighted that the recent correction in A-shares primarily reflects a release of risk following earlier market gains, rather than a fundamental reversal of the mid-term trend. With outstanding margin financing declining, the process of market deleveraging is approaching its conclusion. Simultaneously, positive factors supporting capital market stability continue to build, and the groundwork for a market recovery is steadily strengthening, setting the stage for sustained market performance in the second half of the year.

Lian emphasized that the structural growth of artificial intelligence, the ongoing localization of China’s tech supply chain, and the trajectory of domestic AI infrastructure development remain firmly on course. Amid a more favorable global AI industry environment, faster enterprise adoption rates, and the refinement of China’s domestic tech ecosystem, the medium- to long-term investment potential of China’s AI industry chain remains compelling.

Drawing on insights from international exchanges, Lian noted that many investors now recognize China’s AI supply chain as an indispensable component of global tech investment portfolios, with foreign capital actively increasing its exposure to this sector.