[Huafu Securities Chen Xing: A-share valuations have fully digested cautious expectations, and the value of equity asset allocation has gradually become more prominent] On October 24, Chen Xing, chief macro analyst of Huafu Securities, said that the current A-share core asset valuations have fully reflected the market's cautious expectations, and the value of equity market allocation has gradually become more prominent. As long as the profit margin stabilizes and liquidity expectations are moderately repaired, equity assets will have the flexibility to recover upwards. He suggested that investors avoid short-term emotional interference, avoid leaving the market in a panic, focus on high-quality targets with good performance and valuation matching, and maintain a rational and patient layout. (CSI Taurus)