<p>Morgan Fund stated that although there was a significant adjustment in the A-shares today, the liquidity still provides certain support to the market. From a policy perspective, Morgan Fund believes that the signal for a policy shift from the September Politburo meeting is clear, and it is expected that the warm policy measures will continue to be introduced. The certainty of fiscal and monetary easing in the future to offset negative expectations is relatively high, and the economic fundamentals are expected to continue to improve. The policy-driven mergers and acquisitions theme is worth paying attention to</p>

<p>Morgan Fund pointed out that although A-shares have recently adjusted, the market's liquidity remains supported. In terms of policy, the September Politburo meeting conveyed a clear signal of policy shift, and it is expected that favorable policies will continue to be introduced. The dual easing of fiscal and monetary policies will effectively offset negative expectations, and the economic fundamentals are expected to improve, making it worthwhile to pay attention to policy-driven merger and acquisition opportunities</p>

Wallstreetcn

Morgan Fund: Currently, the overall valuation of A-shares is at a neutral to low position, and overseas institutions remain optimistic about Chinese assets

摩根基金：目前 A 股整體估值處於中性偏低的位置，海外機構仍舊看好中國資產