According to CoinMeta, Fang Dongming, the head of UBS's Global Financial Markets Department for China, stated at the 23rd UBS Securities China A-share Seminar that the A-share market is entering a new phase of recovery and revaluation, mainly benefiting from the gradual release of risks, improved policy expectations, and a positive profit trend. He pointed out that more incremental policy measures are expected to be implemented in the second half of the year, and strategic technology fields such as artificial intelligence, as well as traditional industries like consumption and real estate, also hope to receive more policy support. Fang Dongming believes that innovation and high-end manufacturing are reshaping China's foreign trade narrative. The AI industrial chain has become an important driver of China's import and export growth. With targeted R&D investment, innovative model architecture, and open-source collaboration, China's AI industrial chain is reshaping the global AI competitive landscape with more competitive cost efficiency.