Lin Peng, Chairman and General Manager of Heyi Huiyi, expressed a cautiously optimistic outlook on next year's A-share market. This is due to the change in government attitude, with continuous interest rate cuts, the release of stimulus policies, and support for the Real Estate market since September; the strong resilience of the China economy, as evidenced by the fact that the passenger volume has basically been growing year-on-year every month this year, indicating that economic activities are still taking place, and also the recent good performance of the second-hand housing market; and the current valuations of A-shares and Hong Kong stocks are not expensive, making them very attractive to investors.