---
title: "CITIC Securities: The holding style of A-share investors may further balance, drifting towards value-oriented and pro-cyclical directions"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279158143.md"
description: "CITIC Securities' latest research report points out that geopolitical conflicts have shifted the market's core contradictions towards supply security and strategic resources, with the driving logic switching from risk aversion to concerns about re-inflation. The rise in oil prices has strengthened inflation expectations, suppressed the prospects for interest rate cuts, affected market risk appetite, and led to fluctuations in A-shares, with a clear differentiation in market structure, benefiting the resource sector. Investors' holding styles may drift towards value-oriented and inflationary pro-cyclical directions"
datetime: "2026-03-15T11:19:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279158143.md)
  - [en](https://longbridge.com/en/news/279158143.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279158143.md)
---

# CITIC Securities: The holding style of A-share investors may further balance, drifting towards value-oriented and pro-cyclical directions

On March 15th, China Merchants Securities' latest research report pointed out that geopolitical conflicts have shifted the market's core contradictions towards supply security and strategic resources, with the driving logic switching from risk aversion to concerns about re-inflation. The rise in oil prices has strengthened inflation expectations, suppressed the prospects for interest rate cuts, and impacted most assets. The continued short-term rise in oil prices leading to re-inflation trades and the delay in the Federal Reserve's interest rate cut expectations will have a certain impact on market risk appetite, causing A-shares to remain primarily volatile, with a clear differentiation in market structure, benefiting the resource sector relatively. Meanwhile, under the expectation of PPI recovery and turning positive, investors' holding styles may further balance, drifting towards value-oriented and inflationary pro-cyclical directions

### Related Stocks

- [510330.CN](https://longbridge.com/en/quote/510330.CN.md)
- [159915.CN](https://longbridge.com/en/quote/159915.CN.md)
- [399001.CN](https://longbridge.com/en/quote/399001.CN.md)
- [510030.CN](https://longbridge.com/en/quote/510030.CN.md)
- [000300.CN](https://longbridge.com/en/quote/000300.CN.md)
- [510300.CN](https://longbridge.com/en/quote/510300.CN.md)
- [399006.CN](https://longbridge.com/en/quote/399006.CN.md)
- [000001.CN](https://longbridge.com/en/quote/000001.CN.md)
- [159263.CN](https://longbridge.com/en/quote/159263.CN.md)

## Related News & Research

- [China exports miss, imports surge as trade surplus shrinks sharply](https://longbridge.com/en/news/282621490.md)
- [China March new loans jumps less than expected to 2.99 trillion yuan](https://longbridge.com/en/news/282515645.md)
- [China inflation turns but signals “bad inflation” as energy costs rise and demand lags](https://longbridge.com/en/news/282275781.md)
- [China launches national plan to boost AI education](https://longbridge.com/en/news/282481609.md)
- [China's Factory Gate Prices Return to Growth in March, Snapping Over Three-Year Decline](https://longbridge.com/en/news/282283151.md)