Overall, many brokerage firms maintained a certain degree of optimism about A-shares in the fourth quarter. For example, Zheshang Securities anticipates that the “diamond-shaped structure” will continue in the fourth quarter. In particular, it is neutral and optimistic about domestic policies and broad-based valuation evaluations in the fourth quarter, so it generally maintains a neutral and optimistic attitude about the trend of the A-share market. “After three quarters of turbulence and correction, we believe that this round of the bull market is not over yet, and there is still room for interpretation.” Guoxin Securities said. Xiangcai Securities predicts that the macro and fundamentals will maintain a strong pattern for most of the fourth quarter of 2026, and the market is expected to show signs of slow profit defense. In terms of allocation, many brokerage firms believe that technology still has a second wave of opportunities, so AI is still one of the main lines of allocation in the fourth quarter.

Overall, many brokerage firms maintained a certain degree of optimism about A-shares in the fourth quarter. For example, Zheshang Securities anticipates that the “diamond-shaped structure” will continue in the fourth quarter. In particular, it is neutral and optimistic about domestic policies and broad-based valuation evaluations in the fourth quarter, so it generally maintains a neutral and optimistic attitude about the trend of the A-share market. “After three quarters of turbulence and correction, we believe that this round of the bull market is not over yet, and there is still room for interpretation.” Guoxin Securities said. Xiangcai Securities predicts that the macro and fundamentals will maintain a strong pattern for most of the fourth quarter of 2026, and the market is expected to show signs of slow profit defense. In terms of allocation, many brokerage firms believe that technology still has a second wave of opportunities, so AI is still one of the main lines of allocation in the fourth quarter.