Wu Xinkun, chief strategy analyst at Guoxin Securities, released the latest research report saying that from the perspective of market sentiment, as of July 17, the PE for all A-shares was 21.8 times, and the risk premium rate was 2.85%. There is still a certain gap compared to previous high market prices in history. From the perspective of the technology market, the AI industry trend is far from over. Recently, META said it will double its AI computing power to 14GW next year, indicating that its AI capital expenditure plans are still expanding; the profit guidance of memory giants such as Micron and Samsung is still strong. The impact of fluctuations in overseas markets on A-shares is short-term and partial, and overseas disturbances are expected to subside. From a financial perspective, as of July 17 last week, the net subscription scale for broad-based index ETFs exceeded 200 billion yuan, indicating that A-share capital is still abundant, while residents' enthusiasm for capital entry into the market is still high. Fundamentals continue to be repaired under the influence of superimposed easing policies. The adjustment period is or the layout period, and phased purchases may have already appeared.

Wu Xinkun, chief strategy analyst at Guoxin Securities, released the latest research report saying that from the perspective of market sentiment, as of July 17, the PE for all A-shares was 21.8 times, and the risk premium rate was 2.85%. There is still a certain gap compared to previous high market prices in history. From the perspective of the technology market, the AI industry trend is far from over. Recently, META said it will double its AI computing power to 14GW next year, indicating that its AI capital expenditure plans are still expanding; the profit guidance of memory giants such as Micron and Samsung is still strong. The impact of fluctuations in overseas markets on A-shares is short-term and partial, and overseas disturbances are expected to subside. From a financial perspective, as of July 17 last week, the net subscription scale for broad-based index ETFs exceeded 200 billion yuan, indicating that A-share capital is still abundant, while residents' enthusiasm for capital entry into the market is still high. Fundamentals continue to be repaired under the influence of superimposed easing policies. The adjustment period is or the layout period, and phased purchases may have already appeared.