According to a report published by Morgan Stanley, it is expected that as the internationalization of the RMB accelerates, 3 trillion US dollars of capital will flow into China in the next ten years. It is expected that RMB will account for 10% of the world's reserve assets by 2030, so it is optimistic about A-shares, the Hong Kong Stock Exchange, and CICC.

The bank said that it is optimistic about A-shares mainly because it is expected that the market will benefit from China's three initiatives to promote the local economic cycle, including urbanization 2.0, localization of technology, and internationalization of RMB assets, etc., and will continue to increase its holdings in the Chinese market in the short term. In a bullish scenario, the Shanghai and Shenzhen 300 Index has 11% room to rise.

Furthermore, the bank is also optimistic about the performance of the Hong Kong Stock Exchange. It estimates that Hong Kong, China, will play an important role in promoting the mainland China market and international market transactions. It will also benefit from the second listing of China Securities in Hong Kong and the listing of new shares. Liquidity will also continue to flow in from mainland China and international markets. Furthermore, derivatives expansion will also help, so it targets the Hong Kong Stock Exchange at HK$430.

On the CICC side, the bank also expressed optimism, mainly because it believes that the company will directly benefit from capital market reforms, and that revenue sources will expand. Coupled with new business opportunities in the future, it is expected that the next three years will bring the company up to 25% additional profit support. Daimo maintains CICC as the bank's first choice. It believes that CICC will perform strongly in new economy enterprises and cross-border businesses. It believes that CICC will have more room to rise under capital market reforms, and the A-share IPO will also become a catalyst.