Citics Securities Li Chunbo: New opportunities for value investment will accelerate forming.

The 2026 Capital Market Forum of CITIC Securities was held in Shanghai. Li Chunbo, Executive Director of CITIC Securities and International Chairman of CITIC Securities, said in his speech that the theme of this capital market forum is "Resilient Chain, Strong Foundation, Scientific and Technological Innovation and Self-reliance". Currently, global industrial chains are accelerating restructuring, geopolitical conflicts, technological blockades, and resource security issues are intertwined, highlighting the importance of enhancing the resilience of industrial chains and strengthening the foundation of the real economy. At the same time, a new round of technological revolution is deepening, with breakthroughs in China's scientific and technological self-reliance, artificial intelligence, high-end manufacturing, new energy and other industries going global, reshaping new competitive advantages in the industry. We believe that under the common drive of "Resilient Chain, Strong Foundation" to solidify the security foundation and "Scientific and Technological Innovation and Self-reliance" to open up development space, the role of capital market in serving new quality productivity will be more prominent, and new opportunities for value investment will accelerate.