CITIC Securities: The current market has formed a "W-shaped bottom," and previous concerns have noticeably eased, leading to the anticipated recovery trend.

CITIC Securities released a research report stating that, based on past experiences, the overall rebound in the A-shares market has been relatively short, with the degree of recovery about half of the historical average. August is expected to continue the recovery trend. The technology growth style, which had a significant decline earlier, currently shows a low level of recovery and still has considerable room for improvement. The small and mid-cap style has benefited from improved liquidity, resulting in a substantial increase during this round of rebound, but the recovery process is roughly on par with the entire A-share market. Sector allocation continues to focus on the ideas of oversold recovery and improving prosperity. Key areas to watch include AI computing power, innovative pharmaceuticals, non-ferrous metals, and machinery and equipment.