Odaily星球日报讯 瑞银证券的中国股票策略分析师孟磊表示，中国股市新的一年面临三大新叙事，首先就是“DeepSeek 与中国创新火花”。他称，中国国产 AI 大模型因其用较小的成本达到同类世界领先大模型的水平，使中国创新重回全球投资者视野。第二个有利于股市的叙事为“全方位的政策宽松助力估值重构”。此外，孟磊还表示，今年中国股市还面临第三个新叙事——中美贸易摩擦再起的风险。（第一财经）
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