Group 1 - The A-share market has reached a 10-year high, prompting market participants to inquire about whether to chase the rally, what to buy, and when to sell [1] - Three potential sources of capital that may drive further market increases include a reduction of 1.1 trillion yuan in resident deposits in July, the return of offshore RMB from Singapore to Hong Kong, and the anticipated interest rate cut by the Federal Reserve in September [1] - The current market themes focus on anti-involution and technology, suggesting that investors should consider leading ETFs and technology ETFs, which are expected to attract continuous inflows from both institutional and retail investors [1] Group 2 - The Hang Seng Technology Index is noted for its low valuation, making it a potential target for foreign investment [1] - The current valuation of the Hang Seng Index is at 13 times PE, with a historical high of 18 times PE in 2021, indicating approximately 25% upside potential in the market [1] - A breakout of the CSI 300 above the 18 times PE high from 2021 could serve as a reference indicator for selling decisions [1]