STOCKS | China’s Stock Market Remains in a Long-Buying Window, Guotai Haitong Strategist Says

Guotai Haitong chief strategy analyst Fang Yi said China’s stock market remained in a window favorable for long positioning. According to Jin10, Fang wrote in a research note that recent fluctuations in China’s market over the past two days did not warrant concern and that the broader trend still pointed to an important long-buying window. Fang said U.S. core inflation had been flat and international oil prices had fallen back to $60–$70 per barrel, which he said indicated U.S. inflation data would show a visible decline in July and August. He added that constraints on Kevin Warsh’s rate-cut stance had eased, and that market discussion about inflation and tightening could pause for the time being. Fang also said that as financial “rigid payment” expectations were broken, traditional business returns remained weak, and manual interest补息 was banned, asset-management demand from China’s high-net-worth and corporate clients continued to grow. He said that since June, faster private-fund filings, quicker approvals for public funds, and position-building had supported a return of absolute-return capital, creating incremental inflows and stronger market support. Finally, Fang said global expansion in AI investment and the energy transition, along with Chinese companies’ domestic innovation and global competition, had strengthened growth expectations. He expected China’s technology, manufacturing, financial, and some resource sectors to deliver strong interim-report performance guidance.