Zhang Yidong, an analyst at Haitong International, released a research report saying that the uncertainty of lifting the ban in July came to fruition as scheduled and turned into actual market fluctuations. Overall, the lifting of the ban does not constitute a systemic risk to the Hong Kong stock technology market. The “summer cold wind” adjustments in June and July are entering the aftermath phase. Second, the risk of lifting the ban in July is gradually being realized, and relevant key companies have entered fundamental pricing. After the ban is lifted, the pricing logic of AI model companies will shift from a game of unbanned events, scarcity, and small circulation to commercial cashing and profit quality verification. In August, as overseas macro-liquidity and micro-liquidity shocks abated and the southbound carrying capacity of superimposed connectivity increased, the AI market is expected to return to an upward trend and further spread from AI scarce assets to the broader AI industry chain.

Zhang Yidong, an analyst at Haitong International, released a research report saying that the uncertainty of lifting the ban in July came to fruition as scheduled and turned into actual market fluctuations. Overall, the lifting of the ban does not constitute a systemic risk to the Hong Kong stock technology market. The “summer cold wind” adjustments in June and July are entering the aftermath phase. Second, the risk of lifting the ban in July is gradually being realized, and relevant key companies have entered fundamental pricing. After the ban is lifted, the pricing logic of AI model companies will shift from a game of unbanned events, scarcity, and small circulation to commercial cashing and profit quality verification. In August, as overseas macro-liquidity and micro-liquidity shocks abated and the southbound carrying capacity of superimposed connectivity increased, the AI market is expected to return to an upward trend and further spread from AI scarce assets to the broader AI industry chain.