The outlook for the second half of 2025 has become one of the focuses of recent market attention. In the outlooks recently released by foreign institutions, "resilience" has become a key word for the Chinese economy. Barclays Bank, Goldman Sachs and many other international giants have mentioned that China's consumption and export performance continue to exceed expectations, and the effect of policy stimulus is evident. Looking ahead to the second half of the year, foreign institutions generally expect that policies will continue to increase, and the attractiveness of Chinese assets is expected to increase. With the industrial upgrading driven by technological innovation (such as AI, electric vehicles) and high-dividend companies further releasing their growth potential, the valuation of the Chinese stock market still has room for improvement.