Recently, Morgan Asset Management held a global market overview and third-quarter strategy meeting to release the latest views on global macroeconomics, investment opportunities in the Chinese market, and global asset allocation trends. Zhu Chaoping, a senior global market strategist at Morgan Asset Management China, stated at the meeting that from a global investment perspective, investors may continue to focus on investment opportunities in the US technology sector. Despite recent fluctuations in the tech sector, which previously had leading gains, investors may hesitate due to high volatility. However, in the long term, the outlook for the tech sector remains positive. According to Zhu Chaoping, looking at the US Federal Reserve policy cycle, the probability of the Fed cutting interest rates early is low, and there is a significant possibility that the rate cut in the September monetary policy meeting will remain at 25 basis points. Zhu Chaoping also mentioned that asset allocation should always be based on a long-term perspective with a focus on fundamentals rather than tactical trading. In addition, attention should be given to the bond market in order to maintain a balance between stocks and bonds to ensure a consistent cash flow. Regarding A-shares, Jiang Xianwei, a senior global market strategist at Morgan Asset Management China, pointed out that in the second half of the year, there is still room for domestic monetary and fiscal policies. In the current context of relatively low A-share valuations, along with improving profit expectations of listed companies, investors can remain cautiously optimistic about A-shares and focus on opportunities in domestic industries such as artificial intelligence and the low-altitude economy supply chain. Jiang Xianwei believes that in the second half of the year, investors should focus on four investment opportunities. First, industries with weaknesses should be strengthened. Second, industries with sustainable advantages, especially those with strong export performance, such as new energy vehicles, photovoltaics, and lithium batteries. Third, industries undergoing the transition from old to new growth drivers, where the upgrade and efficiency improvement opportunities in traditional manufacturing industries are also worth attention. Lastly, emerging industries related to new productive forces, such as the mature artificial intelligence industry chain and the low-altitude economy supply chain. Jiang Xianwei stated that with the strengthening of policies in the second half of the year, more industry sectors and companies may see an improvement in business conditions. In addition, China's manufacturing industry has its own strengths, and investment targets that combine software and hardware, such as humanoid robots, will have more investment value. Jiang Xianwei stated that the revolution of artificial intelligence, similar to the internet revolution in the past, gives China a clear advantage in the integration of software and hardware. Regarding the domestic bond market, Morgan Asset Management pointed out that foreign investment in the domestic bond market has not ended. This is mainly due to China's position as the world's second-largest bond market, as well as the demand from overseas investors for risk diversification and hedging based on exchange rate fluctuations. Even though it may take some time for adjustments in long bond yield levels, the allocation of overseas assets to the Chinese bond market is expected to continue growing.