李大霄：下半年看好大金融、红利等三个方向 且是“先H后A”策略

Core Viewpoint - The current investment sentiment is rising, and there is a discussion on whether the market may become overheated in the future, with a focus on the evolution of the slow bull market [1] Group 1: Investment Opportunities - Financial sectors, including large financial institutions, are considered undervalued and attractive for investment [1] - H-shares are highlighted as a significant focus for global investors, reflecting the "East rises, West falls" narrative, indicating a shift in capital towards Asia [2] - Core assets such as the Shanghai Composite Index, Hang Seng Technology, and Hang Seng National Enterprises are identified as mainstream core assets that can attract long-term domestic and international capital [3] Group 2: Market Dynamics - There is an increasing probability of capital returning from the U.S., where high asset prices and tax implications are driving investors to consider returning to the Chinese market [2] - The Hong Kong capital market has shown significant growth, rising from 14,597 points to over 25,000 points, demonstrating initial success in attracting global capital [2] - The non-bank financial sector is experiencing robust activity, indicating a diverse range of investment opportunities that include both traditional and technology-driven assets [3]