重阳投资王庆：中国资产重估进入下半场，海外资金回流成关键驱动力

Group 1 - The core viewpoint of the article is that the revaluation of Chinese assets has entered its "second half," driven by a shift in overseas investors' perceptions, particularly from Europe and the United States [1][2] - The revaluation process of Chinese assets is divided into two phases: the first phase focused on undervalued value stocks with high dividend yields, while the second phase has shifted towards growth stocks in the technology innovation sector [1] - The potential for further foreign capital inflow into the Chinese market remains significant, as a considerable amount of long-term foreign capital has yet to participate, indicating a large potential for asset allocation in China [2] Group 2 - The gradual improvement of the Chinese economy and the positive performance of the capital market have led to increased interest from overseas investors, with some funds already increasing their participation in the Chinese market [2] - The ongoing return of foreign capital is expected to become a new narrative in market discussions and will play a crucial role in supporting Chinese assets moving forward [2]