Guotai Haitong chief strategist Fang Yi says China’s stock market remains in a
buy window. He cites: US core inflation flattening and international oil around
$60–70/bbl, implying a visible US inflation decline in July–August that eases
constraints on rate‑cut advocates and reduces inflation/tightening debate; the
unwinding of rigid financial guarantees, weak returns in traditional commercial
products and the end of manual interest top‑ups, which are boosting
asset‑management demand from high‑net‑worth and corporate clients; and faster
private fund filings and public fund approvals since June, with rebuilding of
absolute‑return positions delivering net inflows and market support. He adds
that global AI investment and energy transition are strengthening growth
expectations for Chinese tech, manufacturing, financials and select resource
names, and expects stronger interim earnings in those sectors.
