Xia Fanjie, a strategy analyst at CITIC Construction Investment Securities, recently pointed out that the obvious correction in the A-share market since July was a technical adjustment dominated by capital and transaction structure, not a deterioration in fundamentals, and the market may rebound steadily at any time. On the one hand, major indices have now retracted significantly, and pressure on valuation and trading congestion has been greatly released. Furthermore, Guoxin, Chengtong, and leading insurers have successively stated that broad-based ETFs have entered the market, and broad-based ETFs have continued to receive large inflows. At the same time, the peripheral chip sector has steadily rebounded, and external risks have gradually subsided. Xia Fanjie believes that a firm inflow of medium- to long-term capital can promptly intervene to block negative feedback and provide a new pricing anchor when there is a liquidity crisis in the market and expectations are out of anchor. With the full adjustment of the market and the receding of external risks, this round of market correction has basically come to an end, and it is expected that a new round of upward trend will begin.

Xia Fanjie, a strategy analyst at CITIC Construction Investment Securities, recently pointed out that the obvious correction in the A-share market since July was a technical adjustment dominated by capital and transaction structure, not a deterioration in fundamentals, and the market may rebound steadily at any time. On the one hand, major indices have now retracted significantly, and pressure on valuation and trading congestion has been greatly released. Furthermore, Guoxin, Chengtong, and leading insurers have successively stated that broad-based ETFs have entered the market, and broad-based ETFs have continued to receive large inflows. At the same time, the peripheral chip sector has steadily rebounded, and external risks have gradually subsided. Xia Fanjie believes that a firm inflow of medium- to long-term capital can promptly intervene to block negative feedback and provide a new pricing anchor when there is a liquidity crisis in the market and expectations are out of anchor. With the full adjustment of the market and the receding of external risks, this round of market correction has basically come to an end, and it is expected that a new round of upward trend will begin.