Zhang Yidong, a member of the Haitong International Executive Committee and chief economist, recently released the latest report saying that after the release of risks such as the Iraq conflict, high interest rates on US bonds, and South Korea's second round of regulatory deleveraging, it is expected that a turning point will gradually be ushered in as soon as early August. We judge that the “danger” and “opportunity” strategic layout window, which is currently already in the aftermath of the summer cold wind, the hard-core assets of the Chinese stock market have gradually entered the left-hand layout window and started the fall market in August. In particular, Hong Kong stocks may have stabilized ahead of overseas markets. Since A-shares and Hong Kong stocks were first adjusted in mid-May, they have released some of the risks ahead of schedule. Currently, the market has basically confirmed the bottom area, and has moved into a phase of contraction, bottoming out and gaining momentum.

Zhang Yidong, a member of the Haitong International Executive Committee and chief economist, recently released the latest report saying that after the release of risks such as the Iraq conflict, high interest rates on US bonds, and South Korea's second round of regulatory deleveraging, it is expected that a turning point will gradually be ushered in as soon as early August. We judge that the “danger” and “opportunity” strategic layout window, which is currently already in the aftermath of the summer cold wind, the hard-core assets of the Chinese stock market have gradually entered the left-hand layout window and started the fall market in August. In particular, Hong Kong stocks may have stabilized ahead of overseas markets. Since A-shares and Hong Kong stocks were first adjusted in mid-May, they have released some of the risks ahead of schedule. Currently, the market has basically confirmed the bottom area, and has moved into a phase of contraction, bottoming out and gaining momentum.