On November 12, 2026, the Buffett Index (total market capitalization of A-shares / previous year's GDP) was 83.96%. The equity risk premium (ERP) of the CSI 300 Index was 5.86%, up 0.03 percentage points from the previous trading day, but still below

2026-11-13

On November 12, 2026, the Buffett Index (total market capitalization of A-shares / previous year's GDP) was 83.96%. The equity risk premium (ERP) of the CSI 300 Index was 5.86%, up 0.03 percentage points from the previous trading day, but still below the 6% reference line. The slight increase in the equity risk premium further enhanced the valuation attractiveness of equity assets relative to government bonds.