Liu Chenming, chief strategy analyst at GF Securities, said that many positive factors are currently being accumulated in the domestic market. The most noteworthy are the three core positive factors that support clear incremental ETF capital, continued strong industry trends, and semi-annual report results. Specifically, first, broad-based ETFs are once again showing signs of net inflows. In the week of July 13-18, the main capital focused ETFs had an average daily net inflow of 18.4 billion yuan, and all broad-based ETFs had an average daily net inflow of 30.5 billion yuan. Liu Chenming said that historical experience shows that after broad-based ETFs showed net inflows of a similar scale, the market all experienced a phased bottom. Second, the trend in the AI industry continues to be strong, and the boom has not been destroyed. The global AI penetration rate continues to rise, and the “volume and price” boom in the AI computing power chain continues to spread. The visibility of orders is high and the certainty of profit fulfillment is strong. The semi-annual report results are expected to verify the high prosperity of the industry. Third, the endogenous stabilization mechanism of the market continues to work. Listed companies' willingness to buy back is heating up, supervisory authorities are promoting the establishment of endogenous market stability mechanisms, and the compliance orientation of “if you can't see clearly, don't exhibit” has continued throughout, helping to prevent systemic risks. Furthermore, the microfinance side of the market is not pessimistic.

Liu Chenming, chief strategy analyst at GF Securities, said that many positive factors are currently being accumulated in the domestic market. The most noteworthy are the three core positive factors that support clear incremental ETF capital, continued strong industry trends, and semi-annual report results. Specifically, first, broad-based ETFs are once again showing signs of net inflows. In the week of July 13-18, the main capital focused ETFs had an average daily net inflow of 18.4 billion yuan, and all broad-based ETFs had an average daily net inflow of 30.5 billion yuan. Liu Chenming said that historical experience shows that after broad-based ETFs showed net inflows of a similar scale, the market all experienced a phased bottom. Second, the trend in the AI industry continues to be strong, and the boom has not been destroyed. The global AI penetration rate continues to rise, and the “volume and price” boom in the AI computing power chain continues to spread. The visibility of orders is high and the certainty of profit fulfillment is strong. The semi-annual report results are expected to verify the high prosperity of the industry. Third, the endogenous stabilization mechanism of the market continues to work. Listed companies' willingness to buy back is heating up, supervisory authorities are promoting the establishment of endogenous market stability mechanisms, and the compliance orientation of “if you can't see clearly, don't exhibit” has continued throughout, helping to prevent systemic risks. Furthermore, the microfinance side of the market is not pessimistic.