Currently, the market fluctuates greatly and the sector is clearly divided, and foreign investors are firmly looking to expand the Chinese stock market. Wang Xiaojing, chief equity, multi-asset and index investment officer of BlackRock Fund, said that he “still looks long and long” on the Chinese stock market and is actively concerned about the restorative opportunities brought by the AI technology industry and policies to stimulate investment and domestic demand. In specific directions, Wang Xiaojing focused on the three main lines. First, the value of large and medium markets is prominent. Whether it is A-shares or Hong Kong stocks, the current valuation is still lower than the long-term theoretical cash flow value, and there is room for horizontal and vertical comparison in a low interest rate environment. He maintained his judgment at the beginning of the year. He maintained his judgment at the beginning of the year, and A-shares are expected to usher in a full bull market within the next 12 to 18 months. Second, the technological wave is the core main line. Industries such as communications, electronics, computers, and non-ferrous metals have entered the performance implementation stage, and AI-related industries have grown particularly significantly. The transmission of global AI to various industries is far from complete. The capital expenditure of leading Chinese AI companies is relatively restrained, and it is difficult to see a collapse in computing power demand in the short term. He is optimistic about A-shares and Hong Kong stock pan-tech targets, but he suggests that cash flow should be discerned to avoid conceptual hype. Furthermore, there are “poor expectations” in domestic demand and consumption. Wang Xiaojing believes that in the past period, high export growth has covered up the recovery process of domestic investment and consumption to a certain extent. If relevant domestic demand policies are implemented, pan-consumer stocks may usher in a restorative opportunity.

Currently, the market fluctuates greatly and the sector is clearly divided, and foreign investors are firmly looking to expand the Chinese stock market. Wang Xiaojing, chief equity, multi-asset and index investment officer of BlackRock Fund, said that he “still looks long and long” on the Chinese stock market and is actively concerned about the restorative opportunities brought by the AI technology industry and policies to stimulate investment and domestic demand. In specific directions, Wang Xiaojing focused on the three main lines. First, the value of large and medium markets is prominent. Whether it is A-shares or Hong Kong stocks, the current valuation is still lower than the long-term theoretical cash flow value, and there is room for horizontal and vertical comparison in a low interest rate environment. He maintained his judgment at the beginning of the year. He maintained his judgment at the beginning of the year, and A-shares are expected to usher in a full bull market within the next 12 to 18 months. Second, the technological wave is the core main line. Industries such as communications, electronics, computers, and non-ferrous metals have entered the performance implementation stage, and AI-related industries have grown particularly significantly. The transmission of global AI to various industries is far from complete. The capital expenditure of leading Chinese AI companies is relatively restrained, and it is difficult to see a collapse in computing power demand in the short term. He is optimistic about A-shares and Hong Kong stock pan-tech targets, but he suggests that cash flow should be discerned to avoid conceptual hype. Furthermore, there are “poor expectations” in domestic demand and consumption. Wang Xiaojing believes that in the past period, high export growth has covered up the recovery process of domestic investment and consumption to a certain extent. If relevant domestic demand policies are implemented, pan-consumer stocks may usher in a restorative opportunity.