Brokerages are releasing a lot of mid-term strategy updates: China's asset reassessment is ongoing, and there is optimism for the technology sector.

The mid-term strategic meetings for securities firms in 2025 have kicked off. Yesterday, Huatai Securities and Guotai Haotong Securities both held strategic meetings in Shanghai, attracting a large number of investors to participate. From the content of the meetings, securities firms are generally optimistic about the A-share market in the second half of this year, believing that the valuation of Chinese assets is still undergoing continuous recovery, with a focus on the technology sector. In addition, many securities firms mentioned that they still have confidence in the performance of Hong Kong stocks in the second half of the year, with the technology sector of Hong Kong stocks benefiting from the current AI industry narrative. In addition, including CITIC Securities, Industrial Securities, Founder Securities, and Changjiang Securities, have also recently held or are about to hold mid-term strategic meetings.