Haitong International's Zhang Yidong: September Presents Prime Opportunity for Bottom-Fishing, Expresses Optimism Towards China's Premium Assets and AI Tech Trends
2 day ago / Read about 0 minute
Author:小编   

On September 10th, Zhang Yidong, Chief Economist of Haitong International Securities, expressed that the underlying trends in AI technology continue to strengthen, China's emerging economic forces are vigorous, and the current appeal of allocating to A-shares is substantial. The international funding environment is likely to experience a positive shift in September. The U.S. 10-year Treasury yield, after a notable increase, is anticipated to decline. Concurrently, China's stock market policies are expected to adopt a more proactive stance. Consequently, the stock market is well-positioned for an upward reversal in September, and Zhang Yidong advocates for employing bottom-fishing strategies. However, the market trends in the forthcoming months are expected to pivot more towards the dissemination of investment rationale centered on organic earnings growth or external expansion, rather than a rally propelled by valuation adjustments.