Invesco's global market strategist in the Asia-Pacific region (excluding Japan), Zhao Yaoting, stated that after the People's Bank of China announced a series of monetary stimulus policies, Chinese policymakers have successively announced multiple supportive measures. These measures have become more targeted, mainly focusing on consumers, the real estate market, and the banking system, with the aim of generating spillover effects on the overall economy.

Zhao Yaoting believes that the latest easing measures bring bullish news, and policymakers also indicate that more proactive fiscal expansion measures will be implemented. He believes that the mainland government may be more inclined to focus on boosting consumer confidence and maintaining investor confidence, providing comprehensive support for economic growth. He pointed out that more supportive policies will follow, and fiscal stimulus policies are expected to significantly increase in the coming months, which should boost household sentiment and provide support for the real estate market.

Furthermore, although the stock market has rebounded, the valuations remain lower than historical average levels, indicating that there is still over 20% upside potential at current levels. Zhao Yaoting expects that in the remaining time of the year, as central banks around the world cut interest rates and achieve a soft landing in the economy, global investors will be more willing to take on risks. The significant rate cut by the Fed provides a favorable environment for the People's Bank of China to accelerate policy easing. With the weakening of the US dollar and investors seeking higher returns, emerging markets, especially China, are expected to perform well; investors are likely to rotate from expensive and overheated global technology stocks to cheaper-valued emerging markets.

He mentioned that the Chinese market is not lacking momentum, and the current uptrend is similar to that of 2014 to 2015. At that time, the uptrend lasted for about 9 months, and although GDP growth subsequently slowed down, the Chinese stock market still rose by nearly 100%.