On March 16th, for the first time in nearly 20 years, A-shares have emerged from an independent market during the sharp decline in the US stock market, demonstrating the characteristics of a “confidence re evaluation bull”. We have previously stated that the end of February and the beginning of March will be a period of consolidation rather than the end of the market. Recently, A-shares have emerged from an independent market during the US stock market downturn, driven by factors such as the divergence of the US China economic cycle, DeepSeek breakthrough leading technology revaluation, and the attractiveness of Chinese assets compared globally. This is the first time in nearly 20 years. This week, the index reached 3400 points and the total market value hit a new high, demonstrating the characteristics of a “confidence reassessment bull”.
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