Wu Feng, chief market strategist at Industrial Securities, said that with
third‑quarter results disclosure concluding and a series of domestic and
international macro events resolving in late October–early November, China’s
A‑share market has moved since November from a low risk‑appetite phase into a
sentiment‑repair rebound. The rebound is driven mainly by a reversal in
valuation and risk preference; event realization and clearer expectations are
the key catalysts for the shift from bottoming to recovery.
