Group 1 - The strong performance of the Chinese mainland and Hong Kong stock markets since early April is attributed to the diminishing negative impact of tariffs on the economy and a significant demand for quality equities from Chinese residents [1] - The global capital markets are gradually improving, which positively influences the risk appetite and structural trends in the Chinese stock market, driven by the rebound in mature capital markets led by the US [1] - There has been a widening gap between deposits and loans among Chinese residents since 2021, indicating a substantial demand for asset allocation, making quality equities an attractive investment direction [1] Group 2 - The trend of a positive stock market is expected to continue in the medium to long term, supported by a favorable macro environment and policy expectations, which may help alleviate market downside risks [2] - The structural opportunities in the A-share market are prioritized, while the Hong Kong market is viewed positively due to the increasing number of quality companies and consistent policy support [2] - The technology sector presents ongoing structural opportunities, with recent breakthroughs in domestic algorithms and relaxed chip export controls injecting vitality into the domestic market [2]
施罗德基金：中国居民资产配置需求或长期提振优质股权 看好港股及AI应用结构性机会
Zhi Tong Cai Jing·2025-08-01 07:48