Xin Lang Cai Jing·2025-06-11 02:27Group 1 - The core viewpoint of the news is that the A-share market has the potential to develop into a bull market, driven by factors such as increasing household asset allocation towards equities and improvements in corporate governance and shareholder returns [3][4] - The upcoming peak in 2025 for household deposit reallocations is expected to mark the beginning of a significant shift in asset allocation towards equities, indicating a potential increase in market participation [3] - The current market is likely to remain in a volatile range during Q2-Q3 of 2025, with a cautious approach recommended until conditions are more favorable for a larger market rally [4] Group 2 - The potential bull market is anticipated to evolve into a "slow bull" unique to China, characterized by prolonged but gradual improvements in the fundamental economic landscape [4] - The market is expected to see a better performance in 2026 compared to 2025, with the primary bull market phase projected for 2026-2027, as supply-demand dynamics improve [4] - The fourth quarter of 2025 is expected to show signs of mid-term fundamental improvement and an initial increase in household equity allocation, potentially elevating the market's central tendency [4]