As of now, the net inflow of funds from the north has reached 180 billion yuan since the beginning of this year, which has exceeded twice the total amount of last year. Several foreign institutions have stated that Chinese assets have become more attractive globally in terms of valuation after recent pullbacks. Xu Wei, Executive Director of MSCI's Asia Pacific Equity Research Department, told reporters that overseas investors have recently re-entered the onshore market in China, hoping to find potential investment opportunities from China's continuous expansion of opening-up and the weak correlation between A-shares and global stock markets. It is expected that further stable growth policies will be introduced in the Jingshun Asia Pacific region (excluding Japan). Global market strategist Zhao Yaoting told reporters that as global inflation continues to ease and the monetary policy tightening cycle approaches its end, the global economy will slightly slow down in the short term, but will then experience a recovery. For the economic situation in the second half of the year, we are more optimistic about the Asia Pacific market. On the Chinese side, it is expected that further stable growth policies may be introduced in the future to better promote stable economic growth. In the middle of June, the policy interest rate was intensively lowered, and the seven day reverse repo rate of Open market operation (OMO), the standing lending facility (SLF) rate, and the medium-term lending facility (MLF) rate were all lowered by 10 basis points. Zhao Yaoting believes that a 10 basis point reduction may have limited impact on the overall economy, and more will rely on the combined effect of monetary and fiscal policies, such as local governments expanding infrastructure investment, increasing subsidies for new energy vehicles, appropriately relaxing the conditions for purchasing second homes, or adjusting taxes for high-tech manufacturing enterprises. The Office of UBS Wealth Management Investment Director stated that targeted policy measures will enhance investors' confidence in economic growth and profit recovery in the second half of the year. The improvement of profit momentum will continue to be a key catalyst for the Chinese stock market. Chen Dong, head of Asian macroeconomic research at Swiss Baida Wealth Management, told reporters that the government is expected to introduce more targeted fiscal measures in the second half of the year, such as providing subsidies to consumers. "Our forecast for China's GDP growth in 2023 will remain unchanged at 5.5% for the time being." Wang Tao, head of Economy of Asia research and chief China economist of UBS, predicted that the macro policy will continue to be moderately overweight to support economic growth. Future policy support may include: firstly, moderate relaxation of real estate regulation policies. The second is to enhance fiscal and quasi fiscal expansion efforts and boost infrastructure investment. At the same time, the central government can provide temporary credit and financial support to local governments. The third is to further reduce interest rates slightly, increase credit support to match the expansion of quasi fiscal policies, and restructure or replace some local financing platform debts with lower cost debts. In the second half of the year, consumer activity will further recover moderately, real estate activity may gradually stabilize, and the momentum of economic growth may rebound compared to the previous month. Wang Tao predicts that the year-on-year growth rate of GDP in the third and fourth quarters will be 4.3% and 4.8% respectively, and the annual GDP growth rate in 2023 will be about 5.2%. The valuation of Chinese stocks is very attractive. "In the second half of this year, commercial activity in the European and American markets may slow down, and European and American countries will continue to be in a period of monetary policy tightening. On the other hand, China will continue to maintain a stable monetary policy, and there may be further developments in the future