2026年资本市场展望：2026年A股大盘或面临支撑，年内高点大概率位于下半年

Group 1: Economic Indicators - CPI in China is likely to be higher in 2026 compared to 2025[1] - PPI in China is expected to show an upward trend and likely turn positive in 2026[12] - The GDP growth target for China in the next two years is around 5.0%[3] Group 2: Market Trends - The A-share market is expected to face support in 2026, with the annual high likely above 4000 points, particularly in the second half of the year[2][9] - The Shanghai Composite Index has seen significant fluctuations around the 4000-point mark, influenced by external factors and Fed interest rate expectations[5][8] Group 3: Monetary Policy and Currency - The Federal Reserve is likely to continue lowering interest rates in 2026, providing effective support for the A-share market[10] - The Chinese Yuan is expected to appreciate in 2026, bringing in additional capital for the A-share market[15]