美银 - 中国 A 股 WW 指标月报：WW 指标处于中性区域

Accessible version Liquidity: 8%, very loose. The 10-year government bond yield remains at low levels but has rebounded to 1.83% in Mar-2025 from its record lows at 1.6% in Jan-2025. Fund flow: 22%, strong. Turnover/market cap stands at 176% in Mar-2025, above its long-term average of 107% since 2007. Earnings: 83%, very negative. CSI 300 earnings downgrade has recovered from -12% YoY in Sep-24 to -5% in Mar-25, although it remains significantly negative. China A-share W&W Indicator - Monthly The W&W Indica ...