Suggestions on asset allocation of major categories:
Equity: the investment value of large cap stocks has little change, and the investment value of medium cap stocks has increased rapidly. The investment value of consumer stocks has increased significantly.
Bonds: maintain interest rate bonds and high rated credit bonds [standard allocation], and reduce convertible bonds to [low allocation]
Commodity: maintain [low configuration] precious metals and industrial products, and increase Shenzhen Agricultural Products Group Co.Ltd(000061) to [standard configuration]
Long RMB exchange rate: [low allocation]
Risk warning: re outbreak of the epidemic; The economic growth rate fell faster than expected; Monetary policy tightened more than expected
