The brokerage firms' mid-term strategy conference for 2025 has kicked off. Yesterday, Huatai Securities and Guotai Junan Securities simultaneously held strategy meetings in Shanghai, attracting a large number of investors. From the content of the strategy meetings, brokerages generally have a positive outlook on the A-share market in the second half of this year, believing that the valuation repair of Chinese assets is still ongoing, with the technology sector being favored. In addition, many brokerages mentioned that they remain optimistic about the performance of Hong Kong stocks in the second half of the year, with the Hong Kong technology sector likely to benefit from the current AI (artificial intelligence) industry narrative. Furthermore, firms including CITIC Securities, Industrial Bank Securities, Founder Securities, and Changjiang Securities have also held or are about to hold mid-term strategy meetings recently. (Securities Times)
