Chen Guo, deputy director and chief strategist at East Money Securities’
research institute, said the A‑share market is entering this year’s "golden buy"
window and major indices could make new highs in H2. He cited five market
drivers: H2 GDP growth is expected to improve; Q2 micro funding in A‑shares
appears to mark a funding trough with liquidity set to ease; sentiment
indicators are near lows; many non‑tech quality names are in early
profit‑recovery with low valuations; and a wave of China “real‑tech” IPOs on the
A‑share market in H2 could draw incremental flows and lift activity and risk
appetite. He expects Chinese equities to stabilise and trend higher and prefers
non‑bank financials, new and traditional energy, internet, pharmaceuticals,
consumer and domestic AI/real‑tech leaders, recommending buying into pessimistic
sentiment.
