Zhongjin: Tariff disturbance does not change the reassessment of Chinese and American assets.

According to the research report from Zhongjin, the unexpected tariff policy in the United States has disrupted global markets, but the Chinese market has shown strong resilience. Looking ahead, the report suggests that with the increased hedging efforts of domestic policies, global fund rebalancing, and a weak US dollar environment, the trend of revaluation of Chinese assets may continue. Firstly, China is entering a period of accelerated policy changes, with room for further action in monetary and fiscal policy. The report predicts that the stable growth policy in China is likely to be reinforced, stimulating domestic demand and potentially becoming the main focus of future growth policies. Investors should pay attention to the improvement in domestic demand and its impact on cyclically sensitive sectors. Secondly, under the "Great Reset" by President Trump, global fund rebalancing is expected to bring incremental capital to Chinese assets. Lastly, the weak US dollar cycle is beneficial for emerging markets, especially domestic growth styles. China is gradually forming a macro environment conducive to growth styles, with lower interest rates, stable growth expectations, and rapid development of new technologies.