On May 22nd, Morgan Stanley's Chief Asia and China Equity Strategist, Liu Mingdi, released her latest views. She believes that as the performance of domestic listed companies improves, international investors will have greater confidence in the A-share and Hong Kong stock markets in the future. The growth trends of the following industries are particularly worth paying attention to: the first is the consumer discretionary industry; the second is the communication services industry; the third is the healthcare industry; the fourth is the power industry. Liu Mingdi believes that if the recovery phases of different markets are categorized as "contraction, recovery, expansion, and slowing growth", the Chinese economy will enter a phase of mild expansion from 2024. If this momentum continues, it will provide some assistance to the revenue and profit margins of (A-share) companies. Liu Mingdi also stated, "Overall, we remain optimistic. This year is a period of recovery, slow growth, slow expansion, and stable asset prices will help sustain the recovery. In terms of specific industries, she expects that more industries will benefit this year, such as materials, technology, and IT, especially leading companies in various industries will have the opportunity to increase market share. Looking ahead, the four categories of stocks are more likely to outperform the overall market. The first category is stocks in the mainland market with stable market share improvement. The second category is leading companies in niche markets. The third category is export companies with high cost-performance ratio. The fourth category is AI-related companies.