CICC: Firmly optimistic about the reassessment of Chinese assets, maintaining an overweight position in Chinese stocks.

The research report of China International Capital Corporation (CICC) believes that Chinese stocks continue to benefit from the AI technology wave and ample liquidity, and that current valuations are reasonable, with no signs of a peak in the bull market. Therefore, they are optimistic about the revaluation of Chinese assets and maintain an overweight position in Chinese stocks. In terms of style, due to the relatively mild stable growth policy, the market style may still be dominated by technology growth in the short term, and the switch between cyclical and value styles still needs clearer economic or policy signals.