

Core Viewpoint - The report from CITIC Securities expresses optimism about high-quality innovative pharmaceutical companies and emphasizes the importance of cutting-edge technologies such as brain-computer interfaces [1] Group 1: Industry Outlook - Global liquidity is expected to continue improving, which may benefit the pharmaceutical sector [1] - National policies are encouraging industrial innovation, creating a favorable environment for the growth of innovative drug companies [1] Group 2: Focus Areas - There is a strong recommendation to actively monitor advancements in frontier technologies, particularly in innovative drugs and pharmaceuticals, including bispecific and multi-specific antibodies [1] - The report highlights the significance of devices such as AI and brain-computer interfaces in the context of technological innovation [1]