In the mid-year investment outlook for 2024 released by Invesco, Ma Lei, Chief Investment Officer for Invesco Hong Kong and China, pointed out that the Chinese stock market has maintained a positive trend since the beginning of the year, with a rebound of over 30% since hitting bottom in January. Both onshore and offshore Chinese stocks have recorded positive returns since the beginning of the year, with the materials, industrial, and communication services sectors performing well. The positive factors driving the economy to stabilize and strengthen in the first half of 2024 are expected to continue into the second half of the year. Mike Shiao, Chief Investment Officer for Invesco (Asia, excluding Japan), stated that Asian (excluding Japan) stock markets are likely to continue growing in the second half of 2024. He believes that Asian domestic demand will remain a strong growth engine and a major contributor to regional growth, especially considering that Asia accounts for about 60% of the world's population. Investors should re-examine the growth drivers of various Asian markets in order to capture potential investment opportunities. Furthermore, Ding Yifei, Senior Portfolio Manager for Fixed Income at Invesco, mentioned that in the first half of 2024, the yield spread of hard currency sovereign bonds in Asian emerging markets continued to tighten. He sees better potential in local currency bonds in Asia, rather than hard currency bonds. ESG Portfolio Manager for Fixed Income at Invesco, Lin Chun Hui, believes that high yield bonds in Asia have significantly outperformed high yield bonds in Europe and the United States since the beginning of the year, with the latter two asset classes recording negative total returns. The total return of high yield bonds in Asia was mainly driven by the excess returns from the real estate industry (accounting for about one-third of the index's total return). Chris Lau, Senior Portfolio Manager for Fixed Income at Invesco, predicts that in the first half of this year, investment-grade credit in Asia has performed relatively well. Strong fundamentals, robust technical factors, and attractive yield rates from a historical perspective will continue to support the credit market in the second half of the year.