摩根资管：中国资产长期价值重估仍持续，看好市场结构性机会

Group 1 - Morgan Asset Management's China equity investment team shares insights on market opportunities for 2026, emphasizing the ongoing long-term value reassessment of Chinese assets [1] - The investment team highlights the importance of stable growth in industrial demand and sustainable cash flow as core logic for identifying quality assets in the current market [1] - The growth style in technology is expected to maintain relative advantages in the coming year, according to the equity growth team leader [2] Group 2 - Two key opportunities are identified: one in cyclical industries benefiting from supply constraints and improved structures with optimized cash flow, such as non-ferrous metals [1] - The second opportunity lies in high-end manufacturing that leverages China's supply chain and efficiency advantages while actively expanding into overseas markets [1] - The lithium battery and energy storage industry chain is viewed positively by the equity growth team manager [2] - The "barbell" investment strategy is noted to retain significant value looking ahead to 2026, as stated by the director of index and quantitative investment [2]