Experts say that the short-term trend of A-shares depends on three factors.

On August 22, the A-share market continued its upward trend, with the Shanghai Composite Index breaking through 3800 points to reach a new high in a decade. What key factors may affect the trend in the short term? Guo Yiming, the chief investment advisor of Jufeng Investment Advisory, said that based on experience, the third quarter is often a relatively low point in the annual economy. In the current situation where the economic foundation still needs to be further consolidated, whether this round of A-share market can continue, perhaps three factors should be considered. The first is the policy aspect. If the official releases stimulus policies for service consumption in the third quarter, promoting relaxation of real estate demand or increasing debt measures, it will effectively boost the economy and inject confidence into the market. The second is the performance aspect. In the late August, the market will usher in a period when half-year reports are disclosed. If company profits can be confirmed in the third quarter, it will provide more solid support for the market. The third is the capital aspect. The market generally expects the Fed to cut interest rates in September. If the Fed's rate cut eventually materializes, it will open a window of global liquidity easing. However, we must be wary of fluctuations in Fed policy.