We may be fortunate to have lived through one of the greatest economic miracles in human history, and perhaps we are now standing on the threshold of another chapter: a great migration in global capital allocation.

"As long as we stay on the right path, even through turbulence, we have nothing to fear.”This is the endgame. All we need to do is fasten our seatbelts through the bumps.

April is likely to be a month with high volatility. Domestically, economic data will gradually disclose the true strength of the recovery. Externally, global shocks and fluctuations are expected to intensify. While we maintain a mid-term optimistic outlook on Chinese assets, we will remain vigilant and actively monitor market changes.

Looking globally, many assets in China that are still caught in intense competition remain highly valuable. All they need is the right stage or an opportunity to reduce internal competition. Instead of reacting passively, we first anticipate potential changes and then take action based on real developments.

Overall, the impact on the market remains manageable. We continue to focus on high dividend yields, consumer sectors, and overseas expansion, as well as the implementation of AI in some companies.

In terms of investment direction, some policy changes will create new hotspots. However, we should strive to return to the fundamental elements of investing: good businesses, strong governance structures, and reasonable prices.