CITIC Securities research note says divergence in rate‑hike expectations has unsettled investors but the expected Fed rate hike would consolidate consensus and could trigger a new equity leg. A‑shares posted a V‑shaped rebound on Friday despite four major negatives; coupled with the anticipated Fed move, Thursday’s sharp volume contraction and a relatively complete tech-sector correction, CITIC says A‑shares may be at a market turning point and could begin a counterattack. Recommended positionin

CITIC Securities research note says divergence in rate‑hike expectations has unsettled investors but the expected Fed rate hike would consolidate consensus and could trigger a new equity leg. A‑shares posted a V‑shaped rebound on Friday despite four major negatives; coupled with the anticipated Fed move, Thursday’s sharp volume contraction and a relatively complete tech-sector correction, CITIC says A‑shares may be at a market turning point and could begin a counterattack. Recommended positioning: maintain a balanced base with tactical flexibility—overweight telecoms and electronics as the offensive core and raise allocations modestly; keep banks and insurers as defensive, low‑valuation baseline holdings; monitor oil & gas exploration, coal chemicals, coal, oilfield services and shipping/ports for upside from sustained high oil prices.