Group 1 - The A-share market in 2026 is expected to face significant challenges, including external uncertainties and uneven recovery in corporate profits, which may hinder a comprehensive market rally [1][9] - The macroeconomic environment in 2025 showed a moderate recovery, with external factors like geopolitical tensions and trade frictions continuing to affect market sentiment [4][8] - The investment landscape is evolving, with institutional investors gaining more influence and a shift towards a focus on fundamentals and long-term logic, leading to a more stable and mature A-share market [7][8] Group 2 - The A-share market in 2025 exhibited a range-bound performance, with structural trends emerging as blue-chip stocks showed resilience supported by valuation recovery and dividend attributes [7] - In 2026, the economic growth "bottom" is likely to be established, with policies aimed at stabilizing growth and promoting reforms expected to gradually improve economic conditions [8] - The market structure in 2026 is anticipated to be characterized by moderate index performance and active sector dynamics, with high-dividend, low-valuation assets remaining attractive in a low-interest-rate environment [8]
宋清辉：2026年股市将更看重确定性方向，应抓牢低估值高分红主线
Sou Hu Cai Jing·2025-12-30 22:23