Gelonghui May 20| recentlyswordofdestinycrouchingtigerhiddendragonAt the 2024 Fund High-Quality Development Forum, Zhang Xia, chief strategic analyst of China Merchants Securities, said that China's real estate market, local government financing, etc. are currently stabilizing, and China's economic volatility has dropped significantly, entering high-quality growth. In this case, high-yield assets in the entire market and society are very scarce. China's best listed companies, such as the Shanghai and Shenzhen 300 or China Securities A50, have an intrinsic return rate of approximately equal to 10%-15% ROE, and their cash flow has accelerated, which can provideswordofdestinycrouchingtigerhiddendragonIn the long run, we provide a return of approximately 10%-15%, becoming the best quality scarce asset in this environment. With the implementation and release of the New China Nine Articles, various policies also hope to promote long-term funds to invest in similar stocks. In this context, leading assets in various industries with high ROE and high free cash flow, and high-quality weighting indices represented by the Shanghai and Shenzhen 300 or China Securities A50 are expected to be ready to launch a strong round of cattle in the future.
