Li Daxiao: 3700 points is not the top, core asset valuations still have attractiveness, micro-cap stocks and some high-position stocks may have peaked.

Jin10 data reported on August 14th, the Shanghai Composite Index broke through 3700 points and reached a new high in four and a half years, after which the adjustment arrived as expected. Most individual stocks fell while few rose, and high-priced stocks experienced a pullback across the board, with heavyweight stocks making a strong push for Market Stabilization. In this regard, Li Daxiao believes that one should not be scared by the short-term pullback, as it is not yet the peak of this round of rise. He also reminds that the current valuation of core assets remains attractive, but the peak of micro-cap stocks and some overvalued individual stocks may have already arrived.