Standing at the end of 2024, observing the performance of various asset classes over the past 10 years, rotating in their respective cycles, Bitcoin's increase in 2024 ranks first; The Nasdaq index, representing US technology stocks, ranked second with an increase of over 33%; Gold ranks third with a 27% increase, while A-shares rank fourth with an increase of over 14% so far this year.
At the end of the third quarter of this year, A-shares experienced a reversal in trend due to a series of favorable policies, triggering a "blowout" bull market. As a result, the A-share market index's return rate exceeded 14% in 2024. Looking ahead to 2025, can A-shares continue the bull market?
Looking ahead to the Chinese stock market in 2025, Zhang Yidong, the global chief strategic analyst of Xingye Securities, said that the Chinese stock market is expected to fluctuate upwards in 2025, and the bull market pattern will further deepen. Currently, the bull market is still in its early stages. With the continuous improvement of stock market fundamentals, A-shares are expected to see a sustained influx of residents' wealth.
Yang Delong, Chief Economist of Qianhai Open Source Fund, stated that by 2025, A-shares and Hong Kong stocks are expected to attract more foreign capital inflows, while the transfer of resident deposits will also bring more incremental funds to A-shares and Hong Kong stocks. Therefore, in 2025, A-shares and Hong Kong stocks are expected to continue the bull market trend and emerge from the second and third waves of this bull market. In terms of market style, it will also be more diversified. In addition to some technology themed stocks that have been hotly speculated during this period, some traditional white horse stocks, brokerage stocks, and dividend stocks have performance opportunities.