[Cha Lingrui of Korea Mirae Asset Securities: It is too early to talk about an AI investment bubble] On November 13, at the 2026 Shanghai Stock Exchange International Investor Conference, Cha Lingrui, chief representative of Shanghai of Korea Mirae Asset Securities, said when talking about AI investment that what long-term capital has to do is not to judge whether there will be a rebound in the next quarter, but to judge whether the development of AI technology is a long-term trend. She believes that the AI ​​revolution has reached about 10%-20% stage, and it is too early to call it a bubble because the demand for AI still exists. She further stated that what is more certain than the demand for AI is the scarcity of supply. At present, there are only a few companies in the world that can manufacture advanced packaging and memory chips. There are such companies in China and South Korea, so investment in emerging markets like China and South Korea is a must. "We will not trade frequently based on short-term fluctuations. As long as there are still profits, we believe that callbacks are opportunities to get on the train." Zha Lingrui said. Cha Lingrui also revealed that China is the first stop for the globalization of South Korea's Mirae Asset Group. The company entered China as early as 2003. It not only invests in Chinese companies in the primary market, such as DJI, but also is a cornerstone investor in some Chinese companies' Hong Kong stock IPOs, such as CATL. In her view, the suggestion to increase exposure to China is not just because China is undervalued, but also because it hopes to seize its unique industry advantages and industrial strength and better embrace global technological progress.