Cathay Securities & Haitong Securities · Strategic Outlook | The Chinese stock market is expected to see an important bottom and hitting point

Guotai Junan Securities Research points out that the Chinese stock market is expected to see an important bottom and turning point, and it is not advisable to blindly sell off at this time. The market adjustment is mainly influenced by inflation risks and expectations of financial tightening. Although external conflicts have limited impact on China, the market's willingness to take risks has decreased. It is expected that the impact of micro trading shocks will not last long, and Chinese assets possess enhanced technological productivity and a relatively stable security situation. Investors need to pay attention to the pricing process of energy shocks and expectations of financial tightening