Express News | Huang Fuseng of CPMC Securities: China's equity market will enter a "long-cycle, structural bull market" in 2026.

BreakingsDec 3 12:40

CICC's December Industry Allocation Strategy: The 'High to Low' Style Transition Remains Challenging, with Growth Relatively Outperforming.

Looking ahead, CICC believes that a short-term style rotation is unlikely to be sustained. Against the backdrop of synchronized easing cycles in global liquidity, the valuation of China's A-share market remains relatively reasonable. The AI technology revolution and the energy transition are driving demand from upstream raw materials to midstream manufacturing. The high growth momentum of emerging industries is boosting the earnings performance of listed companies, and the overall upward trend amidst fluctuations is still ongoing. From the current point until early next year, large-cap growth stocks will remain the key focus. A more prolonged style rotation may potentially occur around the first quarter of next year.

Zhitong FinanceDec 2 08:00

Shenwan Hongyuan: The adjustment is merely a reflection of 'doubts about the scale of the bull market'.

The current A-share market is undergoing an adjustment at a level that casts doubt on the continuation of a bull market. The AI industry chain exhibits characteristics of "an ongoing major wave of industrial trends + minor fluctuations in smaller waves + temporarily insufficient cost-performance ratio," which is similar to the adjustment patterns seen in the Growth Enterprise Market in 2014, the food and beverage sector in 2018, and the new energy sector in 2021. Based on the framework of the 'two-phase bull market theory,' this round of adjustment is building momentum for Phase 2.0 of the bull market, expected to commence in the second half of 2026. At that time, there will be a convergence of improved fundamentals, a new phase of industrial trends, and shifts in household asset allocation. Both pro-cyclical and technology sectors are likely to see rebound opportunities during the spring rally.

wallstreetcnNov 24 09:00

CICC: Focus on Three Investment Themes in Light of Q3 Earnings Reports

Gelonghui October 20 — CICC pointed out that, in combination with the third-quarter earnings report, investors should focus on three investment themes. Given the relatively subdued internal growth expectations and heightened external uncertainties due to the renewed escalation of tariffs between China and the US, investors during the earnings season may pay closer attention to fundamental developments and seek structural highlights through the third-quarter reports. During the earnings disclosure phase, key areas of focus include: 1) sectors showing strong performance in the third-quarter reports, such as gold, TMT sectors benefiting from the high demand for AI, and non-banking financials; 2) high-growth opportunities with low correlation to economic cycles and external risks, such as the AI supply chain, as well as home appliances and industrial products with significant trade exposure to non-US economies and robust overseas production capacity.

Gelonghui FinanceOct 20 08:15

CICC: Which companies are expected to exceed earnings forecasts in the Q3 reports?

CICC released a research report stating that the third-quarter earnings reporting season will peak in late October, with year-on-year A-share profit growth potentially improving compared to the second quarter. Investors should focus on three main themes.

Zhitong FinanceOct 20 08:08

Should investors hold cash or stocks ahead of the long holiday? Brokerages are optimistic about a 'gear shift acceleration' in the bull market. Here are the top 10 brokerage strategies for this week.

①China Galaxy Securities: Increased short-term volatility before the holiday does not alter the positive market trend; ②GF Securities: Two allocation strategies for Q4 each year; ③Everbright Securities: Seize the window of opportunity amid fluctuations and actively position; ④GJ Securities: Shifting gears amidst turbulence, preparing for a genuine bull market.

cls.cnSep 28 20:03