中金公司：A股有望迈向“长期”“稳进”新范式

Core Viewpoint - The report from CICC indicates that since 2005, the A-share market has experienced five prolonged cycles of transition. Currently, the A-share market is more equipped for a "long-term" and "steady" condition compared to previous cycles, suggesting a potential shift towards a new paradigm of "long-term" and "steady" growth [1] Group 1 - The A-share market has undergone five significant cycles since 2005 [1] - The current market conditions are more favorable for long-term and steady growth compared to previous cycles [1] - There is an expectation for the A-share market to transition into a new paradigm characterized by long-term and steady development [1]