BOC International stated that the current risk premium indicator reflecting the sentiment of A-shares has declined to the lower bound of one standard deviation. Combined with the annual strategy forecast, the risk premium level of A-shares (ERP) still has room for recovery. From an annual perspective, the brief decline at the beginning of the year can be seen as an optimal window for increasing positions within the year.
中银证券：年初的短暂下跌可视为年内加仓较优窗口
BOC International: The brief decline at the beginning of the year can be seen as a favorable window for increasing positions within the year.
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