Zhongtai Securities: Sustainability of Technology Sector Outlook Remains Contingent on Foreign Interest Rates, Global Risk Appetite, and Corporate Earnings

36Kr reports that Zhongtai Securities noted the recent Financial Street Forum released positive policy signals regarding financial market stability, investment-side reforms, risk resolution for financial institutions, and high-level opening up, which is expected to improve investor sentiment amid recent market adjustments. In terms of asset allocation, short-term focus should be on securities firms, public mutual funds, wealth management sectors benefiting from capital market reforms, as well as banks, insurance companies with strong operational quality and stable dividends, and high-dividend assets. Medium-to-long term, the technology innovation main line remains favored; support for tech finance and reforms in capital market financing systems are expected to improve the financing environment for high-quality tech enterprises. Given recent significant adjustments in the technology growth sector, investors should focus on quality companies with core technological advantages, order growth, and stable profitability in areas such as artificial intelligence, semiconductors, and advanced equipment, combining industrial sentiment and earnings realization. The sustainability of the technology sector's subsequent performance remains contingent on foreign interest rate environments, global risk appetite, and corporate earnings changes.