UBS' Hu Yifan: Looking forward to more proactive policy support, focusing on high-yield defensive state-owned enterprises.

Ricardo Wealth Management's Investment Director and Head of Macroeconomics in the Asia-Pacific region, Hu Yifan, said that the government is expected to increase its support for self-sufficiency, domestic technological innovation, and the "internal circulation" to promote economic growth. In terms of stocks, investors can focus on high-yield defensive state-owned enterprises in the financial, energy, telecommunications, and utilities sectors. In the technology sector, platforms with stable cash flow in online gaming and tourism are preferred. For mid to long-term investment layout, Hu continues to be optimistic about leading electric vehicle manufacturers with technological and pricing advantages.