智通财经网·2026-02-05 06:40Group 1 - Zhang Yidong has officially joined Guotai Junan as a member of the Executive Committee of Haitong International Securities, responsible for the stock research and sales trading departments, focusing on cross-border integration of research business and investment in the era of "Investing in China" and "Chinese Investment" [1] - Zhang Yidong has 15 years of experience in the securities industry, with notable achievements including being the first analyst to win five major awards in the industry, showcasing his expertise in strategy research [3] - Zhang Yidong's core viewpoint emphasizes a long-term bullish market outlook, suggesting that investors should overcome short-term volatility fears and focus on medium to long-term strategies, predicting a sustained upward trend in the capital market [4] Group 2 - The Hong Kong stock market is expected to benefit from central policy support, with regulatory encouragement for listings and reforms enhancing market capacity, attracting global funds to quality assets [4] - Zhang Yidong identifies "patient capital" as a market leader, including pension funds and insurance, which will likely expand through ETFs, allowing ordinary investors to participate in the capital market [5] - The consensus among local governments is moving towards asset securitization and leveraging state-owned resources, with the stock market being a key mechanism for revitalizing assets [5] Group 3 - Zhang Yidong outlines two main directions and three lines of investment focus: growth sectors like AI and technology, and value sectors including high-dividend stocks and strategic assets benefiting from geopolitical dynamics [6][7] - The anticipated weakening of the US dollar and continued liquidity easing by the Federal Reserve are seen as significant factors for the Chinese stock market in the coming year [8] - There are indications of global capital returning, particularly from regions connected to China, with expectations of a more favorable environment for foreign investment in technology and consumption sectors [9]