Zhongxin Securities Mingming: The development of AI and the rise of commodities are important main themes in market pricing.

Ming Ming, Chief Economist of Citic Securities and Chief Analyst of FICC, said at the Citic Securities 2026 Capital Market Forum that he expects the GDP growth rate to remain around 4.7% in 2026, with CPI increasing by 0.8% year-on-year. Total fiscal expenditure is expected to exceed 30 trillion, and with moderate inflationary pressures, the urgency for interest rate cuts has decreased. As for A-shares, the development of the AI industry and the rise in commodity prices are important themes in market pricing this year.