Market Overview - The overall market has seen an increase, closing at a rating of 4.7 stars [1] - Large, medium, and small-cap stocks have all risen, with large-cap stocks showing slightly higher gains [2] - Value style indices, including dividend and value-focused indices, have experienced significant increases [3] Bond Market Impact - A recent announcement stated that from August 8, new bond interest will be subject to value-added tax, which reduces future returns on pure bonds [4] - This change has led to increased capital inflow into fixed income plus (固收+) assets, particularly those with a value style in their equity components [5] - The value style has shown a strong performance over the last three trading days [6] Investment Trends - The recent market dynamics indicate a rotation in styles, with value styles performing strongly while growth styles have lagged [8][9] - The performance of fixed income plus products, such as monthly salary treasure and 365 products, has also increased due to these trends [7] Currency and Global Context - The RMB-denominated assets are generally strong, supported by recent weak economic data from the US, which has raised expectations for continued interest rate cuts by the Federal Reserve [11][12] - The decline in US dollar interest rates has been beneficial for RMB-denominated assets [13] - Since early July, both A-shares and Hong Kong stocks have outperformed global markets [14] Pension Fund Investment - The article discusses the strategy of regular investment in pension index funds, highlighting a combination of 中证 A500 and 中证 红利 as a balanced approach between growth and value styles [36][37] - Recent performance shows that both index funds have returned to normal low valuations, prompting a pause in further investments until they show signs of recovery [39][40] - The article emphasizes the importance of long-term investment strategies and the potential for future opportunities in undervalued assets [41]

Market Overview - The market opened lower today but the decline narrowed by the close, indicating low volatility and maintaining a five-star rating [1] - Large, mid, and small-cap stocks exhibited similar volatility [2] - Value stocks showed little fluctuation, with the 300 Value index slightly up, demonstrating resilience during market volatility [3] - Growth style stocks experienced a slight decline [4] Hong Kong Market Insights - The Hong Kong stock market also saw a decline during the day, but the drop significantly reduced by the close, resulting in a slight decrease [5] - Technology stocks in Hong Kong remained relatively stable with low volatility [6] - Recent weeks have seen Hong Kong tech stocks return to a normal low valuation, with current valuations not far from being undervalued [7] - The performance growth rate of tech stocks in Q1 was strong, and if this trend continues into Q2, there is potential for further upward movement in tech stocks [8] Investment Strategies - The article promotes a limited-time discount on investment books as part of a promotional event [9][10][12] - A systematic investment plan is introduced, with specific amounts allocated for different investment strategies, such as the Index Enhanced Advisory Portfolio and Active Selection Advisory Portfolio [14] - The systematic investment strategy follows a "regular but variable" approach, investing more when valuations are lower [18] - Two methods for following investment strategies are outlined: manual and automatic [20][22] Pension Fund Investment - A personal pension fund investment plan is detailed, including specific funds and their current prices [23] - A valuation table for personal pension index funds is provided, offering insights into various indices and their financial metrics [29] Bond Market Insights - A bond valuation table is included, showing various bond indices and their respective metrics such as yield and duration [38] - The article indicates that the bond market is being monitored for valuation updates and insights [41]

Market Overview - The Hong Kong stock market has been on an upward trend, continuing to rise for four consecutive weeks since early April [6] - A-shares also experienced a rebound, closing at a rating of 5.1 stars [1][28] - Both large, medium, and small-cap stocks saw increases, with small-cap stocks showing a more significant rise [2] Investment Style Performance - Value style showed a slight increase, while growth style experienced a more substantial rise [3] - During upward market movements, small-cap and growth styles exhibit greater elasticity [4] Investment Strategies - The article discusses a systematic investment strategy using a "periodic but irregular" approach, where more funds are allocated when valuations are lower [10] - Two methods for following investment strategies are outlined: manual and automatic [14][16] Pension Fund Investment - The article presents a personal pension fund investment plan, detailing specific funds and their current prices [18] - A valuation table for various indices is provided, highlighting metrics such as price-to-earnings ratio and dividend yield [24][25] Monthly Income Strategy - The "Monthly Salary Treasure" investment strategy has lowered its minimum investment threshold to 200 yuan, now offering a systematic investment option [27] - This strategy aims to meet regular cash flow needs, suitable for long-term holding [27][28] Valuation Insights - A valuation table is included, indicating various indices' earnings yield, price-to-earnings ratio, and other financial metrics, with color coding to indicate investment suitability [33][36]