Analyst: The current proportion of stocks and funds in Chinese residents' assets lags far behind that of developed markets.

Caitong Securities strategy analyst Xu Chenyi expects that as real interest rates decline, residents' assets are expected to continue flowing into equity assets. Currently, the proportion of stocks and funds in Chinese residents' assets lags behind developed markets; after the proportion of funds with net asset value returning to positive reaches 80%, fund issuance will reach a turning point, which is currently approaching this indicator; in terms of leveraged funds, there is still some incremental space in financing balance.