CICC: Market Rally Anticipated to Persist, with A-Shares Displaying Greater Resilience than Hong Kong Stocks
2025-08-18 / Read about 0 minute
Author:小编   

A research report from CICC highlights that incremental funds are swiftly entering the market, suggesting that the current market rally is poised to continue. Notably, A-shares are expected to outperform Hong Kong stocks in terms of resilience. With the renewed focus on RMB assets, the influx of incremental funds is likely to fuel the continuation of this market upswing. Despite the potential for index volatility to intensify amidst fund inflows and rapid valuation increases, A-shares are anticipated to exhibit greater upward resilience compared to Hong Kong stocks at certain stages. Moreover, from a structural standpoint, policies aimed at "anti-involution" are seen as more favorable for A-share indices that have a higher proportion of new energy stocks. Should subsequent policy efforts intensify, A-shares stand to benefit further. In terms of investment allocation, sectors with high growth potential and performance support are recommended, including AI computing power, innovative drugs, the military industry, and non-ferrous metals. Additionally, the photovoltaic industry, which benefits from "anti-involution" policies, should be considered. The securities and insurance industries, characterized by their strong earnings resilience and benefiting from the influx of household funds into the market, also merit attention.