Lian Peikun, Asia Pacific Director of UBS Group's Global Research Department, said at the 23rd UBS Securities China A-share seminar that this round of A-share adjustments is more reflected in the release of risk in the market after an earlier rise, rather than a fundamental reversal of the medium-term trend. As the financing balance declined, the market deleveraging process gradually came to an end. Positive factors for maintaining the smooth operation of the capital market are accumulating at an accelerated pace, and the foundation for market repair continues to be consolidated, all of which will help the market continue in the second half of the year. Lian Peikun believes that the structural growth logic of artificial intelligence, the localization process of China's technology supply chain, and the development direction of domestic AI infrastructure construction have not changed. As the global AI industry narrative improves, enterprise applications accelerate, and the domestic technology ecosystem continues to improve, the medium- to long-term investment value of China's AI industry chain is still worth paying attention to. Judging from overseas exchanges, many investors have realized that China's AI supply chain is becoming a part of the global technology investment portfolio that cannot be ignored, and foreign investors are also using real money to increase their layout.

Lian Peikun, Asia Pacific Director of UBS Group's Global Research Department, said at the 23rd UBS Securities China A-share seminar that this round of A-share adjustments is more reflected in the release of risk in the market after an earlier rise, rather than a fundamental reversal of the medium-term trend. As the financing balance declined, the market deleveraging process gradually came to an end. Positive factors for maintaining the smooth operation of the capital market are accumulating at an accelerated pace, and the foundation for market repair continues to be consolidated, all of which will help the market continue in the second half of the year. Lian Peikun believes that the structural growth logic of artificial intelligence, the localization process of China's technology supply chain, and the development direction of domestic AI infrastructure construction have not changed. As the global AI industry narrative improves, enterprise applications accelerate, and the domestic technology ecosystem continues to improve, the medium- to long-term investment value of China's AI industry chain is still worth paying attention to. Judging from overseas exchanges, many investors have realized that China's AI supply chain is becoming a part of the global technology investment portfolio that cannot be ignored, and foreign investors are also using real money to increase their layout.