As the first half of 2025 draws to a close, many foreign asset management institutions, including Pictet, Goldman Sachs, Robeco, and Morgan Stanley, have spoken out in succession, optimistic about the structural opportunities in the Chinese market. Among them, artificial intelligence, biotechnology, consumption and other sectors have become hot topics for foreign institutions. Some foreign people said that the Chinese government's policy stance is clear and appropriate, which will help to form a stable and predictable policy environment and reduce the risk premium of the stock market. At the same time, policies that support the capital market, encourage dividend repurchases, and promote the entry of medium- and long-term funds into the market are crucial to reducing the risk-free interest rate of the stock market.