The latest "Investor Sentiment Survey Report" has been released: respondents' overall expectations for A-shares in the first quarter remain steady, with a slight upward adjustment.

Today, Chongqing Business School released the first quarter 2026 "Investor Sentiment Survey Report" at its Beijing campus, marking the 20th time the school has published such a survey. The report shows that compared to the previous period, respondents' overall expectations for A-shares have remained stable and slightly increased. Approximately 63.8% of respondents believe that A-shares will rise, an increase of 1.4 percentage points from the previous period. Respondents have also raised their expectations for Hong Kong stocks, with about 62.1% of respondents believing that Hong Kong stocks will rise, an increase of 1 percentage point from the previous period. At the same time, the report also points out that, based on fundamental analysis of listed companies, although there are signs of a slight recovery in overall revenue and profits of A-shares, the magnitude is small, and current stock market returns are mainly driven by valuation increases. Behind the mild recovery in overall data, there is a clear differentiation in the performance of listed companies.