Chief Economist Yan Xiang of Founder Securities: Focus on the investment value of dividend Assets and Technology innovation.

Chief Economist Yan Xiang of Founder Securities stated at the 2025 Founder Securities Mid-Year Strategy Conference held today that since the beginning of this year, China's economy has continued to rebound positively, with multiple economic Indicators performing brilliantly. High-quality development is continuously advancing, and positive results have been achieved in the development of new productive forces. Macroeconomic policies are consistently releasing Bullish signals, and a moderately loose MMF policy is maintaining ample market liquidity. The overall valuation of the Capital Markets is still in the bottom region, and as the risk-free interest rate has continued to decline in recent years, equity Assets currently have a great investment value, specifically reflected in the positive historical high of the current A-share equity risk premium ERP. It is recommended to focus on the investment value of dividend Assets and Technology innovation.