The 22nd UBS China Securities A-Share Conference officially commenced this week in Shenzhen. The current market sentiment has not shown signs of overheating, with active leveraged funds and investors favoring small and mid-cap stocks and thematic investments, particularly in the AI-related sector, Meng Lei, China A-share Strategist at UBS Securities, said. Related NewsImports YoY for Aug in China is 1.3%, lower than the previous value of 4.1%. The forecast was 3%.It is predicted that the full-year corporate profit growth rate for A-shares in 2025 will reach approx. 6%, showing significant improvement compared to last year. From a global perspective, A-share valuations still possess a relative discount advantage.Anti-involution will become the long-term direction of future policies, with the focus on promoting supply-demand matching and market clearance, Zhang Ning, senior China economist at UBS Investment Bank, said.