码上报名 | 信号VS噪音，智能投研能提升资本市场效率吗？

Core Insights - The article emphasizes the need for a more efficient pricing and resource allocation system in China's capital market, highlighting the challenges posed by a fragmented investor base and the lack of a widely accepted fundamental evaluation system [3] Group 1: Investment Philosophy - Regulatory bodies have been advocating for rational, value, and long-term investment philosophies to promote high-quality development in the capital market [3] - The article questions whether AI technology can help create an independent, objective, and quantitative fundamental evaluation system that enhances market efficiency [3] Group 2: AI and Investment Research - The potential of AI in investment research is discussed, particularly its ability to empower various stakeholders in the investment ecosystem, including buy-side, sell-side, and service providers [3] - The article raises questions about the type of investment advisory services that individual investors will need in the AI era [3] Group 3: Forum Agenda - The agenda for the upcoming forum includes discussions on the release of the "2025 Ranking" for Chinese listed companies with the strongest economic moats and the role of intelligent investment research in improving decision-making efficiency [4][5] - Keynote speeches will address the reliability of brokerage research earnings forecasts and the challenges and opportunities presented by large models in investment research [4][5]