Group 1 - The first suspense is regarding the indices, questioning whether they will peak in March, with a cautionary note on the potential for the Shanghai Composite Index to surpass its previous high, given it is only about 100 points away from the 1.618 level [1] - The second suspense involves institutional actions to manage the impact of the profit-taking from the 11-month rally, suggesting a high-low switch strategy, which may lead to increased volatility in the indices if high-positioned stocks decline while low-positioned stocks rise [2] - The third suspense pertains to the offshore RMB exchange rate, which has appreciated about 8% over the past 11 months alongside the indices, indicating that a potential rebound in March could affect short-term liquidity, particularly influenced by northbound capital flows [2]
和讯投顾胡云龙：留给三月的三大悬念
Sou Hu Cai Jing·2026-02-27 11:32