[CITIC Securities: Remain Optimistic About AI Computing Power as the Core Theme of This Bull Market in the Mid-to-Long Term] Golden Finance reported on June 21 that CITIC Securities believes the market is experiencing a strong short-term rebound, but after the rebound is completed, the A-shares market may enter a consolidation phase. They remain optimistic about the continued performance of AI computing power as the core theme of this bull market in the mid-to-long term. Domestic policy benefits, such as the Lujiazui Financial Forum, are expected to further drive the growth of the dual-innovation sectors, with the ChiNext and STAR Market likely to maintain their strong momentum. However, high valuations and trading structures may become the main reasons for a potential phased rotation within the technology sector.