---
title: "CITIC Securities Co., Ltd. Mingming: The gap between actual and nominal growth will narrow, and the capital market in 2026 is worth looking forward to"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/270258725.md"
description: "CITIC Securities Co., Ltd. Chief Economist Mingming stated that the gap between nominal GDP and real GDP growth rates will close by 2026. He holds an optimistic view on China's capital market, believing that technological innovation, market reform, and wealth redistribution will drive market development, making 2026 worth looking forward to. He advises investors to actively embrace the capital market, anticipating a \"slow bull + long bull\" trend"
datetime: "2025-12-19T06:18:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/270258725.md)
  - [en](https://longbridge.com/en/news/270258725.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/270258725.md)
generator: "portal-rs"
---

# CITIC Securities Co., Ltd. Mingming: The gap between actual and nominal growth will narrow, and the capital market in 2026 is worth looking forward to

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)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**