With A-share third-quarter results rolling out, CSC Financial chief strategist
Xia Fanjie says the market is in a phase of sentiment repair and earnings
verification. He attributes the recent adjustment to valuation and
trading‑structure shifts from domestic and external factors, not systemic
fundamental deterioration, and cites earnings strength in the AI compute chain,
resource/commodity names and high‑end export manufacturing as key drivers of
market confidence.
