Datayes·2025-05-18 14:12Core Viewpoint - The article discusses the recent performance of the A-share market, highlighting the significant rebound in small-cap stocks and the impact of new regulations on major asset restructuring, which is expected to invigorate market activity. Group 1: Market Performance - Following the first round of US-China negotiations, global risk assets rebounded significantly, while gold prices fell sharply. The A-share market remained relatively stable, fluctuating around the 3400-point mark [1] - Since April 8, small-cap stocks and the North Securities 50 index have rebounded by 22% and 36%, respectively, while larger indices like the CSI 1000 and CSI 500 saw smaller rebounds of only 10% and 8% [1] - The trading volume of small-cap indices has been steadily increasing, indicating a shift of risk capital towards these stocks as larger stocks face concerns over declining trading volumes [1] Group 2: Regulatory Changes - The China Securities Regulatory Commission (CSRC) introduced new major asset restructuring regulations, including simplified review processes and the ability to pay for acquisitions in installments, significantly reducing the pressure on companies [5] - The new regulations are expected to lead to an 11.6-fold increase in major asset restructuring transaction volumes this year, with the number of restructurings on the Sci-Tech Innovation Board surpassing the total for the previous year [5] - The introduction of private equity "reverse linkage" arrangements is anticipated to release over 5 billion in liquidity, further stimulating market activity [5] Group 3: Investment Strategies - Analysts recommend a "barbell strategy" for the upcoming week, suggesting a faster rotation in investment strategies [6] - The financial re-inflation phase of the current bull market is expected to support the growth potential of small-cap stocks, while stable cash flow and dividend capabilities of dividend assets remain advantageous [3] Group 4: Sector Insights - The military sector gained attention with the successful combat performance of China's J-10CE fighter jets, which has implications for defense-related investments [14] - The unveiling of the "Jiutian" drone at the 15th China Airshow, which features advanced capabilities, is expected to attract interest in the aerospace and defense sectors [15] - The technology sector is seeing significant developments, including Nvidia's strategic reassessment of its market approach in China due to export restrictions [16]