东方财富证券陈果：2026年中国资产重估逻辑将继续演绎，A股新高可期

Core Insights - The 2026 strategy report by Dongfang Caifu Securities highlights the ongoing asset revaluation logic in China, suggesting that both domestic and foreign investments are likely to increase in the equity market, indicating a potential for new highs in A-shares [1] Group 1: Market Outlook - The report anticipates a continued expansion of the AI industry chain's prosperity, alongside a recovery in the Producer Price Index (PPI) year-on-year, which is expected to support a warming profit cycle [1] - There is significant room for improvement in domestic residents' allocation to equity assets, which could lead to a resonance in market dynamics [1] Group 2: Economic Indicators - The current phase of broad de-inventory is expected to stabilize, with the real estate inventory-to-sales ratio returning to historical averages in the second half of the year, suggesting a gradual improvement in traditional economic chains [1] - The report emphasizes that the proportion of "new momentum" in the economy is set to increase further, indicating a shift in economic drivers [1]