On June 10, Shenwan Hongyuan 2025 Capital Market Summer Strategy Meeting was held in Beijing. Jingtao, chief analyst at Shenwan Hongyuan Research's A-share strategy, said that in the fourth quarter of 2025, the center of the A-share market is expected to rise due to an increase in fundamentals in the medium term and an increase in residents' equity assets. Beginning in 2026, there are more leads to an improvement in the supply and demand pattern. “The A-share market has the potential to interpret the upward trend, and there is no doubt about the trend of residents increasing the equity asset allocation ratio.” Fu Jingtao said that 2025 is the peak period for deposit maturity and reallocation, and the construction of A-share investment and financing functions has its own focus, integrating two aspects. At the same time, A-shares may be at the beginning of a long-term increase in profitability.

On June 10, Shenwan Hongyuan 2025 Capital Market Summer Strategy Meeting was held in Beijing. Jingtao, chief analyst at Shenwan Hongyuan Research's A-share strategy, said that in the fourth quarter of 2025, the center of the A-share market is expected to rise due to an increase in fundamentals in the medium term and an increase in residents' equity assets. Beginning in 2026, there are more leads to an improvement in the supply and demand pattern. “The A-share market has the potential to interpret the upward trend, and there is no doubt about the trend of residents increasing the equity asset allocation ratio.” Fu Jingtao said that 2025 is the peak period for deposit maturity and reallocation, and the construction of A-share investment and financing functions has its own focus, integrating two aspects. At the same time, A-shares may be at the beginning of a long-term increase in profitability.