国雄资本董事长姚尚坤：AI开启三十年长周期机遇，中国优质资产“山脚起步”价值重估正当时

Core Insights - The future opportunities in China's capital market are highlighted, focusing on the AI industry's potential and the revaluation of Chinese assets [1] Group 1: AI Industry Long-term Revolution - The current stage of AI development is compared to the early 1980s personal computer boom, with expectations that AI will reshape global productivity for the next two to three decades, lasting until 2050 [2] - Despite approximately $1 trillion invested in AI globally over the past two to three years, significant profit returns have not yet materialized, which is typical for early-stage disruptive technologies [2] - With over 2 billion global AI users and a low paid user ratio, the commercialization of AI is just beginning, with potential GDP growth of $20 trillion to $30 trillion if AI can enhance global labor productivity by 20% [2] Group 2: Revaluation of Chinese Assets - The year is identified as a turning point for asset revaluation in China, with a long-term perspective indicating that the systematic improvement of valuation for excellent Chinese companies has just begun [3] - Chinese A-shares and Hong Kong stocks have many industry leaders with global competitiveness, marking a core advantage of Chinese assets [3] - The accumulation of substantial trade surpluses and the shift of household wealth from real estate to other investments create a large potential capital pool for the market [3] Group 3: Investment Focus on Pricing and Cognition - The investment philosophy emphasizes the importance of clear potential return calculations and investing within one's understanding [4] - For individual investors, a long-term perspective on domestic equity markets is recommended, with regular investment in broad index funds as a viable strategy [4] - The financial industry is shifting from short-term volatility chasing to supporting high-quality long-term growth, encouraging market participants to learn from industry trends and successful companies [4] Group 4: Structural Opportunities in Technology - The ongoing process of value revaluation for Chinese assets is acknowledged, with structural opportunities in technology and other sectors expected to continue emerging [5] - A diversified investment approach that balances growth and defensive strategies is advised to navigate market fluctuations [5]