Securities Daily: International investment banks collectively vote, showing the superiority of China's stock valuation.

Recently, many well-known investment banks such as Goldman Sachs, Citigroup, and JPMorgan have raised the target prices for several Chinese stocks including Alibaba, Tencent Holdings, and Baidu. This is not only a recognition of individual companies, but also a "collective vote", which shows the confidence of international capital in the Chinese market. Firstly, the support from policies provides a solid foundation for the development of enterprises. Secondly, the improvement in the fundamentals of these companies is the fundamental reason why international investment banks favor them. Thirdly, from a global asset allocation perspective, the significant valuation advantage of the Chinese stock market is attracting international capital inflows. Currently, the Chinese capital market is at a critical point of confidence revival, and both companies and investors should seize this opportunity to actively face challenges and plan for the future. Only in this way can we jointly promote the Chinese capital market towards a more mature and stable future.