In August, the A-shares may enter a repair time window, with allocations returning to a fundamental pricing logic.

Last week, the A-share market showed an overall pattern of fluctuation and differentiation, with the three major indices experiencing mixed performance throughout the week. After the volatility in July, brokerage strategy outlook reports generally believe that recent policy measures have clearly signaled support for stable growth. Coupled with corporate earnings recovery and moderately ample liquidity, the markets further downside seems limited. August may present a favorable time window for the A-share market to enter a phase of recovery.