Li Xunlei: A-shares still have significant room for valuation improvement, and I remain optimistic about gold
"Regarding the driving factors behind the current stock market rise, I believe it mainly comes from the decline in deposit interest rates, as we have now entered a low-interest-rate era, rather than the growth in listed companies' profits." On September 10th, Li Xunlei, Chief Economist of Zhongtai International, stated at the "2025 Inclusion·Bund Conference." Li Xunlei noted that overall, the A-shares are still somewhat undervalued compared to other markets, and from a valuation perspective, there is still significant room for improvement
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