China International Capital Co maintains its annual outlook for H2: international order reconfiguration and China’s industrial-innovation trend remain the primary drivers of this cycle’s upside and China-asset repricing, and those conditions are intact. The A-share market is therefore better positioned for a long, steady advance than a rapid rally. With investor risk appetite and bullish expectations elevated, CICC flags H2 focus on external conditions and global cyclical sectors—especially AI—a

U.S. Senate Majority Leader Thune said the White House has not issued any official statement on President Trump's fund.

MORGAN STANLEY fund says last week’s market divergence persisted, driven by continued AI-chain strength and catalysts in parts of the supply chain; IPO expectations for two domestic memory giants boosted related stocks. Margin financing has surged since May—growth second only to August last year—with the financing balance briefly near 2.9 tln yuan last week. Electronics and telecom sectors logged net margin financing purchases above 100 bln yuan. Extreme, concentrated trading is producing violent swings that release rather than accumulate risk; with risk appetite low, capital has clustered in high‑momentum areas. Given a recent easing in external geopolitical tensions, opportunities are expected to diffuse from a few core plays into a wider set of technology names, though some large‑cap non‑tech stocks may be capped if the market re‑heats. At the security level, AI remains the most favoured exposure and is lifting semiconductors and upstream components/materials; selected pockets in energy storage, machinery and chemicals show improving demand.