Since the end of September this year, in order to promote economic stabilization, China has continuously introduced proactive policies, which received positive feedback from the capital markets. Many foreign institutions have recently focused on Chinese stocks, and from a global allocation perspective, the Southeast Asian market continues to be bullish. Invesco's Chief Investment Officer for mainland China and Hong Kong, Ma Lei, believes that from a valuation perspective, Chinese stocks are quite attractive, currently at a relatively low level compared to historical averages and other developed markets. As of October, the MSCI Chinese Index is about 52% discounted compared to the MSCI USA Index. Considering the current market situation, there may be significant growth potential by 2025, maintaining an optimistic outlook on the development of Chinese stocks over the next 12 months. As corporate fundamentals improve, revenue will begin to reverse, and the profit margin pressures that have persisted over the past three years may also ease. This could drive potential growth in return on equity and upward revisions in profit forecasts, thereby enhancing investor confidence. It is expected that this recovery will be supported by continued stimulative measures.