CICAD: THE CURRENT DEMAND FOR A RESILIENT A-UNIT TECHNOLOGY REPAIR IS STILL PENDING

ON 16 AUGUST, THE CHINA-CHINA REPORT ON CONFIDENCE-BUILDING SECURITIES NOTED THAT GLOBAL TECHNOLOGY DELEVERAGING HAD LARGELY ENDED AT THE END OF JULY, THAT OVERSEAS TECHNOLOGY HAD TAKEN THE LEAD IN REPAIRING IT WITH MACRO-BARRIER MITIGATION AND INDUSTRIAL WINDFALL CERTIFICATION, AND THAT THE MARKET HAD SHIFTED FROM FINANCIAL TO FUNDAMENTAL PRICING. THE RELATIVE SLOWNESS OF UNIT A ' S TECHNICAL AND TECHNOLOGICAL REHABILITATION IS MAINLY DUE TO THE BUILD-UP OF A PRE-EMINENCE BOOM, SUCH AS CONGESTION, PRESSURE ON FINANCE, ETC., RATHER THAN A REVERSAL OF THE INDUSTRIAL TREND. HISTORICAL EXPERIENCE HAS SHOWN THAT THE FUNDING STRUCTURE PRIMARILY INFLUENCES THE PACE OF ACTION AND THAT THE MEDIUM-TERM DIRECTION IS STILL DETERMINED BY PERFORMANCE. THE CURRENT DEMAND FOR THE COMPUTING CHAIN REMAINS RESILIENT, AND UNIT A ' S TECHNICAL AND TECHNOLOGICAL REPAIRS HAVE NOT YET BEEN COMPLETED, AND SHOULD BE CONFIGURED WITH PRIORITY FOR A CORE ASSET WITH HIGHER FUNDAMENTAL CERTAINTY, WITH ATTENTION TO INNOVATIVE MEDICINES AND INDUSTRIAL METALS. KIM XIAN