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4、ortant disclosures on page 70 to 74.Analyst Certification on page 59.Price Objective Basis/Risk on page 48.12871953 Equity Strategy-Asia Pacific APAC equities:a new investment paradigm in the age of AI Equity Strategy AI is reshaping the APAC equity markets AI has achieved remarkable breakthroughs o

5、ver the past few years.Global AI investment and mass adoption could reshape the APAC equity landscape,impacting everything from nations economic and geopolitical standing to the fortunes of individual companies.The AI race:assessing APAC economies readiness While the US is the global epicenter of AI

6、 innovation and application,China stacks up well with strong policy support,robust AI research,diverse application scenarios,sufficient power supply,and formidable manufacturing capacity for mass production.China is also making headway in building a self-sustaining AI ecosystem despite export contro