As 2026 begins, Chinese assets have captured the attention of global investors with a robust upward trend. Hong Kong stocks and US-listed Chinese stocks have already taken the lead in achieving a "positive start." With China's macroeconomy showing steady improvement, the policy environment continuously optimizing, and technological innovation accelerating, global investors are increasingly optimistic about the long-term allocation value of Chinese assets. Looking ahead, Wang Li, a senior macro strategy researcher at Great Wall Fund, believes the Chinese stock market is poised to surpass and stabilize at key levels. Wang Li stated that his judgment is primarily based on the following reasons: first, the mystery of the next Fed Chair is about to be solved, and the market is beginning to anticipate the prospect of US interest rate cuts in 2026; the easing of overseas liquidity, combined with pre-holiday forex settlement before the Spring Festival, is expected to promote the stability and appreciation of the Renminbi. Second, the continuous influx of incremental funds, represented by products like the A500ETF, coupled with the strong start for insurance capital, is expected to further solidify the liquidity foundation. Third, policymakers have for the first time proposed "promoting a halt to the decline and stabilization of investment," and the Qiu Shi magazine emphasized "improving and stabilizing expectations for the real estate market"; the necessity for further policy efforts to boost growth has increased, and "counter-cyclical and cross-cyclical adjustments" are expected to be intensified. "Overall, with the acceleration of economic transformation, the decline in risk-free returns, and capital market reforms, the intrinsic trend of China's 'transformation market' is quite evident," Wang Li concluded.
Regarding the specific investment sectors he favors, Wang Li indicated that three main directions warrant close attention: first, technology and growth stocks; as AI model and application development accelerates and domestic computing power infrastructure faces shortages, focus can be placed on Hong Kong-listed internet, media, computer, and computing power sectors, as well as manufacturing companies with global competitive advantages that are expanding overseas, such as those in the power equipment and machinery equipment sectors. Second, non-bank financial institutions represented by insurance and securities companies are expected to benefit from the migration of household deposits and growing wealth management demand; capital market reforms are also likely to boost overall market risk appetite. Third, sectors with low valuations and marginal improvements at the bottom of their cycles, which are expected to benefit from domestic demand expansion and real estate stabilization policies, such as pro-cyclical sectors like tourism and hotels, as well as commodities with tight supply and demand leading to price increases, such as non-ferrous metals and chemicals.
The MACD golden cross signal has formed, and these stocks are performing well!
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