JF SMARTINVEST's sub-brand Jiufen Smart Investment has set up this high-end game, responding to the "must-answer question" of the era of equity investment.
With complexity and uncertainty deeply intertwined, the need for a stable and active capital market has risen to the top-level design. In this environment, investors need to build an investment system that is more adaptable to the new normal than ever before.
In the era of accelerating the implementation and promotion of the strategy of building a financial powerhouse, how should investors welcome the arrival of the era of equity investment? This may be a topic worthy of further inquiry.
Recently, the JF SMARTINVEST (09636) under the Nine Point Intelligent Investment "The Light Boat Has Crossed Ten Thousand Mountains" 2025 High-End Investment Forum was grandly held in Shanghai. Liu Jipeng, a professor and doctoral supervisor at China University of Political Science and Law, Chairman of the Financial Professional Committee of the China Behavioral Law Association, and Chief Expert of the Major Project of the National Social Science Fund, attended the forum as a guest of honor and delivered a keynote speech on "Driving the Stock Market is a Strategic Move for a Financial Power". At the same time, the Chief Economist of Jiu Fang Intelligent Investment, Director of the Global Macroeconomic Research Office of the World Economy and Politics Research Institute of the Chinese Academy of Social Sciences, Xiao Lisheng, and a group of Nine Point think tanks such as Wu Xiuhui, Co-Director of the Nine Point Financial Research Institute, and Hou Wentao, Co-Director of the Nine Point Financial Research Institute, also appeared to give speeches.
The theme of this forum is based on the ancient poem "The Light Boat Has Crossed Ten Thousand Mountains", which is both clear and closely related to the current hot topics. Currently, the global economic and trade order is undergoing profound restructuring, the geopolitical landscape is experiencing systemic changes, and in the complex and uncertain situation, the need for continued stability and active capital markets has risen to the level of top-level design. In this context, investors need more than ever to have an investment outlook that can break free from traditional analysis frameworks to help them build an investment system that is adapted to the new normal.
Professor Liu Jipeng said in his speech that China's financial market is currently in a period when "the cries of the apes on both sides never cease". Recently, Contemporary Amperex Technology went public for a second time in Hong Kong, setting a new global record for the largest IPO in nearly three years. Behind this hot event, the Chinese financial system has come to a critical point where it needs to vigorously develop direct financing and develop the capital market. Taking the United States as an example, Professor Liu believes that capital finance can be said to be the lifeblood of American political economy, and now China's rise also requires capital finance to play a greater role.
Professor Liu believes that driving the stock market is not only a realistic need, as an active capital market helps reverse the economic downturn trend; but also, by respecting capital and revitalizing the stock market, after filling the short board of finance, China will also gain the "air superiority" in the great power game, and the financial powerhouse is expected to become a reality.
Dr. Xiao Lisheng, in his keynote speech "Set Sail Against the Wind, and Seize the Opportunity" - Analysis and Outlook of Mid-Term Macroeconomic Strategies, expressed optimism about the mid-term development of the Chinese stock market and economy, similar to Professor Liu Jipeng. Dr. Xiao first reviewed the overseas economic situation, pointing out that the resilience of overseas economic and financial sectors is favorable for China's exports. Currently, in terms of the domestic situation, there are signs of stabilization in household consumption, and some indicators in the real estate industry that are crucial to the overall economy are at a "critical point", indicating a greater possibility of stabilizing house prices in the future. Regarding the trend of major asset classes, Dr. Xiao believes that the downward space of the Chinese stock market is limited at present, and in the future, there may be a good opportunity to enter "deep pitfalls". Finally, Dr. Xiao also stressed the importance of technology, believing that technological breakthroughs are crucial for economies to break out of the middle-income trap.
Since technology is so important, where does China's technology come from, and where will it go? In the subsequent speech, Co-Director Hu Xianghui shared his views on "From Catching Up to Overtaking - China's Path to Autonomous and Controllable Technology", from the poverty of the country's founding to now achieving "domestic substitution" in many areas, thanks to countless practitioners overcoming the "three major difficulties" of autonomy and controllability. Looking to the future, Director Hu believes that the main battlefield of autonomous controllable technology and great power games includes AI, spatial technology, innovation in the field of finance, as well as medicine, food security, and quantum technology. In addition, Director Hu also shared his unique insights and methods for investing in technology directions.
Finally, Director Hou Wentao took the stage to share his views on the current Chinese A-share market and detailed analysis frameworks and response strategies in his keynote speech "I am resolute, no matter what the challenges - Mid-Term Strategy Outlook". Director Hou believes that the two major variables affecting the A-share market this year are external tariffs and internal policy support. Regarding tariffs, Director Hou believes that pessimism is currently not appropriate; as for policy, there are many tools in the "toolbox" to hedge reserves, which will also support the stock market. Looking ahead to the second half of the year, Director Hou gave a detailed analysis of important time nodes and main investment directions, and also mentioned the risk factors that need to be paid attention to in the middle and short term.
It is said that the road is difficult, but GMTEight believes that under the efforts of all parties, the Chinese financial market has clearly "crossed ten thousand mountains with a light boat". This high-end investment forum hosted by Nine Point Financial Research Institute brought together many industry experts, providing suggestions for the high-quality development of the Chinese financial market. Through observation and learning, it is believed that the majority of investors can also draw nourishment from it, and be more fearless in the clouds in their investment career ahead.
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