Overview
Thin-volume oscillation with sharper structural divergence; caution dominates. (Source: Sina Finance, published 2026-09-15)
Context & Read-through
At the macro level, marginal shifts in policy and liquidity are resetting the anchor for asset pricing. For industrial capital, reading the flow of funds matters more than chasing any single hotspot.
The market is still bottoming in the near term, with structural opportunities concentrated in high-dividend and policy-certain directions; over the medium term, the reallocation of household wealth into equities and continued long-money inflows remain the key supports for the market’s centre of gravity.
This column is an aggregation of industry information and technology viewpoints, and does not constitute any investment advice.