中国股票策略：2026 年 A 股短期及全年展望-China Equity Strategy_ Near-term and full-year 2026 A-share outlook in charts

ab 9 January 2026 Global Research China Equity Strategy Near-term and full-year 2026 A-share outlook in charts A new uptrend appears to be taking shape The A-share market had a volatile Q425, as: 1) the rally in global equities, especially in tech, started to get bumpy at the highs; 2) the investor crowdedness in A-share tech and innovation-related themes peaked in late Q325; and 3) some investors took profit towards year-end. In 2026, however, we expect these short-term technical factors to stop disrupting ...