Zhongjin: A Shares seen as a "buffalo" in macroscopic view.

Zhongjin Securities released a research report stating that although the nominal economic growth rate in the second quarter is not high and prices are still relatively low, there has been a rapid increase in A-shares recently. In the downward phase of the financial cycle, both the United States and Japan have experienced stock market gains, which the market metaphorically refers to as a "water buffalo." Taking international experience as reference, if policy efforts increase, especially in solving debt and improving the balance sheet, there is still room for improvement in market sentiment.