Quite simply, in the post-epidemic era, the world will fall into a shortage of high-quality assets, and China's core assets, whose performance continues to grow, are among the scarce high-quality assets in the world. The following is some information I am looking for, and the landlord can have a look.

1 & gt； Economic fundamentals support-China's economy has entered a stage of high-quality development.

Three long-term driving forces of China's economy: scientific and technological innovation, expanding domestic demand and reform and opening up. China's core assets will show a general trend of increasing competitiveness, and the strong will be stronger, and strive to shape a world-class great enterprise.

2> The era of innovation has really come-the reconstruction of China's financial system determines the general trend of core assets.

China's economy entered the late stage of industrialization led by innovation, and changed from factor-driven and debt-driven to innovation-driven, pushing the capital market to the equity era. Institutional innovation represented by science and technology innovation board will promote China's capital market to effectively serve the real economy.

3> The promotion of domestic and foreign investment-the internationalization and institutionalization of the investor structure will drive A shares to mature.

With the reform and opening up of the capital market, overseas institutional investors such as sovereign funds and pensions will become the main sources of incremental funds. Regardless of foreign capital or domestic capital, the incremental funds are mainly institutional investors, who are more willing to choose the valuation premium of the leader and are more willing to give the asset valuation premium whose growth is determined by fundamentals.