Zhongtai Securities says it remains constructive on the tech-innovation theme
medium- to long-term, noting that technology-focused financial support and
capital-market financing reforms in China should improve funding conditions for
quality tech firms. After a sizeable recent correction in tech-growth stocks, it
recommends selective exposure to AI, semiconductors and high-end equipment
companies with core technology advantages, visible order growth and stability
profitability. The firm cautions sector momentum will depend on overseas
interest-rate dynamics, global risk appetite and changes in corporate earnings.
