Li Qiusuo of CITIC Securities: The upward trend of A-shares will continue, and the three major investment opportunities are worth paying attention to.

date
23/09/2025
Since the beginning of this year, A-share trading has been active, margin trading balance has continued to increase, and the market has seen a steady rise. According to Wind data, as of the close on September 22, the Shanghai Composite Index has risen by 23.64% since April 8, the Shenzhen Component Index has risen by 40.51%, and the ChiNext Index has risen by 71.97%. Li Qiusuo, Chief Analyst of Domestic Strategy at Zhongjin Company's Research Department, said in an interview with reporters that the current market has established a positive long-term trend supported by strong macroeconomic resilience, improving corporate profitability, increasing global valuation attractiveness, and improving liquidity. It is worth noting that the market's fund structure has significantly improved, with margin trading balance reaching a historic high but its health far exceeding that of the past. At the same time, the return of foreign capital and the confidence of domestic investors have formed a positive cycle. From a medium- to long-term perspective, we can focus on three main themes: technological innovation, advantages in going global, and high-quality dividends.