瑞银王宗豪：国际投资者总体对中国股票兴趣浓厚

Core Insights - International investors show strong interest in Chinese stocks, with an increasing number adopting a more optimistic outlook on the market [1] - Some investors express concerns over recent economic performance, but strong market trends and potential retail inflows suggest they are unlikely to reduce their Chinese positions in the short term [1] - Many investors still view China as a tactical trading opportunity due to weak economic fundamentals, continued underweighting by foreign investors, relatively cheaper valuations compared to global markets, and expectations of further interest rate cuts in the U.S. [1] Investment Themes - "Anti-involution" has emerged as a key discussion topic among investors, with a focus on China's AI/technology development and capital return prospects [1] - UBS's overweight stance on A-shares in the TMT (Technology, Media, and Telecommunications) sector and brokerage firms has garnered significant interest from investors [1]