Tang Xiaodong, co-general manager of China Southern Fund's macro strategy department, said that the overall macroeconomic economy at home and abroad is expected to be stable in 2026, but market volatility may increase, making it difficult to replicate the “steady and happy” market in 2025. He advised investors to balance their risk appetite and pay attention to dividend assets, technology and structural opportunities in the domestic demand sector. Tang Xiaodong believes that in 2026, the domestic economy will maintain the characteristics of stability and progress. Domestic and foreign demand may fluctuate slightly, but the real impact on the overall macroeconomy is relatively limited. In this context, market expectations and games, global geopolitics, and the development of the technology industry may become more important variables affecting the market.

Tang Xiaodong, co-general manager of China Southern Fund's macro strategy department, said that the overall macroeconomic economy at home and abroad is expected to be stable in 2026, but market volatility may increase, making it difficult to replicate the “steady and happy” market in 2025. He advised investors to balance their risk appetite and pay attention to dividend assets, technology and structural opportunities in the domestic demand sector. Tang Xiaodong believes that in 2026, the domestic economy will maintain the characteristics of stability and progress. Domestic and foreign demand may fluctuate slightly, but the real impact on the overall macroeconomy is relatively limited. In this context, market expectations and games, global geopolitics, and the development of the technology industry may become more important variables affecting the market.