瑞银证券孟磊：A股盈利或逐季温和复苏

Core Viewpoint - UBS Securities analyst Meng Lei believes that A-share earnings may gradually recover quarter by quarter this year, provided the macro environment remains stable [1] Group 1: Market Outlook - After short-term fluctuations, the market is expected to present upward opportunities in the medium to long term [1] - Any incremental fiscal and monetary policies may boost market confidence and drive A-share market valuation increases in the medium term [1] Group 2: Structural Reforms - China is undergoing comprehensive structural reforms that are gradually enhancing investment attractiveness [1] - Key aspects of these reforms include lowering foreign investment access thresholds and invigorating the vitality of private enterprises [1]