Shang Hai Zheng Quan Bao·2025-06-17 19:21Group 1 - The core theme of the conference is "Opening a New Chapter, Winning the Future," focusing on macroeconomic trends, the A-share market, and asset allocation [1] - The general manager of CITIC Securities, Jin Jianhua, emphasizes that China's economy is demonstrating strong resilience amid transformation challenges, with continuous optimization of the capital market ecosystem [1] - Jin Jianhua states that China is responding to external uncertainties with the certainty of high-quality development, highlighting breakthroughs in industries such as artificial intelligence and humanoid robots [1] Group 2 - Jin Jianhua asserts that the development of the capital market is essential for adapting to China's high-quality economic and social development, with a fundamental reshaping of the capital market ecosystem underway [2] - Chief economist Huang Wentao identifies five key supporting forces for market growth: technological innovation, industrial upgrading, fiscal policy, strategic space, and financial markets [2] - Huang Wentao outlines five highlights for China's economic development: new consumption trends, steady industrial upgrading, green and high-end manufacturing, significant fiscal policy space, and steady institutional opening [2] Group 3 - Huang Wentao predicts that the A-share market is likely to gradually rise due to a weak dollar trend, supportive capital market policies, and overall improvement in liquidity [2] - The expectation of foreign capital's attitude shifting towards "re-Chinaization" by 2025 indicates a consensus on increasing allocations to Chinese core assets in overseas markets [2] Group 4 - In terms of asset allocation, Huang Wentao recommends focusing on dividend assets as core holdings while actively investing in new sectors such as new consumption, humanoid robots, artificial intelligence, and innovative pharmaceuticals [3]