CITIC Securities Co., Ltd. Chief Economist Mingming stated that the core reason for the discrepancy between current economic data and public sentiment lies in the gap between nominal GDP growth and real GDP growth, which is expected to close by 2026. At the same time, he holds an optimistic view on the long-term performance of China's capital market, believing that under the triple drive of technological innovation, capital market reform, and the reallocation of household wealth, the market is worth looking forward to in 2026. At the end of the roundtable, Mingming expressed the judgment of "slow bull + long bull" and suggested that investors embrace the capital market more actively. (Tencent Finance)
