Chief strategist Jin Qianjing of Shenwan Hongyuan: The market is not fully overheated. In the future, the effectiveness of the anti-subversion of advanced manufacturing will bring more opportunities.

After breaking the 30 trillion mark in trading volume yesterday, the market continued to open lower and rise higher today, with the Shanghai Composite Index hitting a ten-year high again. Jin Qianjing, chief analyst of Shenwan Hongyuan Securities Strategy, stated that there is a possibility of a slight correction in the short term, but the magnitude is overall controllable. From a valuation perspective, there are localized overheating phenomena in the market, but it is not comprehensive, and the improvement in fundamentals will gradually digest the valuation. In terms of sector layout, there are optimistic opportunities in the technology industry trend, and the effectiveness of the anti-"involution" in advanced manufacturing will also bring more systematic investment opportunities.