Group 1 - Zhang Yidong has officially joined Haitong International Securities as a committee member, head of the equity research department, and chief economist, focusing on cross-border integration of research business [1][2] - Zhang has over 20 years of experience in sell-side research, covering A-shares, Hong Kong stocks, and US stocks, and has received multiple awards for his strategic research [2] - The Hong Kong market is seen as a key platform for Chinese companies to expand internationally, with a focus on cross-border financing, wealth management, and asset management [3] Group 2 - Zhang Yidong is optimistic about Chinese equity assets, predicting a "super long bull market" for A-shares and Hong Kong stocks over the next two decades due to China's shift to high-quality economic development [4] - Investment opportunities for 2026 include technology sectors like aerospace and artificial intelligence, domestic consumption, and the transformation of traditional industries [5] - There is a notable trend of foreign capital returning to China, particularly in passive ETFs and active management, with an increase in foreign investment allocation as the RMB appreciates [5]