Investigation by Shanghai Securities News: Over 80% of investment advisors are bullish on the fourth quarter, with the technology sector remaining the main trend.

In the fourth quarter of 2025, a survey of investment advisors in securities business departments showed that the optimistic sentiment of investment advisors towards the macroeconomy and the A-share market continues to increase. Over 80% of the surveyed investment advisors are bullish on the A-share market in the fourth quarter, with significantly higher expectations for the Shanghai Composite Index. It is generally believed that the market will continue to show a structural trend. In terms of asset allocation, 60% of investment advisors recommended allocating to equity assets such as stocks. The surveyed investment advisors indicated that high net worth clients saw significant profit growth in the third quarter, with an increased willingness to increase positions, indicating that the market participants' activity is strengthening.