Swiss Patek Wealth Management's Chief Asia Strategist and Research Director, Chen Dong, stated that in Asia, there is a cautious optimistic outlook on the prospects of the Chinese market. They are still waiting for further clarification on the effects of policy implementation and sources of funding. Tactical opportunities in Chinese-related stocks may have emerged. Regarding the US stock market, Chen Dong pointed out that the strong economy and prospect of rate cuts continue to drive up US stock indices - but gains are still concentrated in a few "mega-cap" stocks, with valuations often being bubbly. He believes that the European economy has avoided a recession, with manufacturing showing signs of improvement and cutting rates earlier than the US. The profit prospects for small-cap stocks in the Eurozone have significantly improved. Chen Dong also stated that the Asian tech hardware sector benefits from the decline in US Treasury yields, and the artificial intelligence industry may continue its growth momentum in 2024.