A-shares ended in 2025. By the close, the Shanghai index rose 0.09% to record 11 consecutive days, closing up 18.41% to a 10-year high; the Shenzhen Index fell 0.58%, up 29.87% for the whole year; and the GEM index fell 1.23%, surging 49.57% for the whole year. The Science and Technology Innovation 50 Index rose 35.92% throughout the year, and the Beijing Stock Exchange 50 Index rose 38.8% throughout the year. Throughout the year, various sectors such as computing power and hardware, banking, battery industry chains, innovative pharmaceuticals, commercial aerospace, and robotics rotated to push the Shanghai Index to 4,000 points. According to Tonghuashun financial data, the top three stocks that rose this year were Shangwei New Materials, Tianpu Co., Ltd., and N Hengdongguang. Looking ahead to 2026, according to Xinhua Finance, institutions generally have positive expectations for the A-share market. Most institutions believe that multiple factors such as domestic and foreign incremental capital entry, corporate profit recovery, and policy increases are expected to support the subsequent performance of the A-share market, and that A-shares will move towards a “slow bull” in 2026.

A-shares ended in 2025. By the close, the Shanghai index rose 0.09% to record 11 consecutive days, closing up 18.41% to a 10-year high; the Shenzhen Index fell 0.58%, up 29.87% for the whole year; and the GEM index fell 1.23%, surging 49.57% for the whole year. The Science and Technology Innovation 50 Index rose 35.92% throughout the year, and the Beijing Stock Exchange 50 Index rose 38.8% throughout the year. Throughout the year, various sectors such as computing power and hardware, banking, battery industry chains, innovative pharmaceuticals, commercial aerospace, and robotics rotated to push the Shanghai Index to 4,000 points. According to Tonghuashun financial data, the top three stocks that rose this year were Shangwei New Materials, Tianpu Co., Ltd., and N Hengdongguang. Looking ahead to 2026, according to Xinhua Finance, institutions generally have positive expectations for the A-share market. Most institutions believe that multiple factors such as domestic and foreign incremental capital entry, corporate profit recovery, and policy increases are expected to support the subsequent performance of the A-share market, and that A-shares will move towards a “slow bull” in 2026.