--- title: "The ten-year logic of A-shares, should we touch US stocks?" type: "News" locale: "en" url: "https://longbridge.com/en/news/293206427.md" description: "The article clarifies that while the current A-share rally is not expected to last ten years, the market's logic driven by technology narratives may persist for a decade. This differs from past cycles like 1999-2001, which were fueled by policy stimulation. The piece explores whether investors should consider US stocks in light of these shifting dynamics." datetime: "2026-07-20T11:17:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293206427.md) - [en](https://longbridge.com/en/news/293206427.md) - [zh-HK](https://longbridge.com/zh-HK/news/293206427.md) generator: "portal-rs" --- # The ten-year logic of A-shares, should we touch US stocks? 1 - Can the bubble last for ten years? This is a comment in the comment section of the article "The Manifestation of the Logic of A-Shares" published on July 2nd. What I meant to express in the article was not that this round of market rally could last for ten years (I don't believe this round of market rally can last for ten years), but rather that the logic of A-shares being driven by technology narratives is likely to continue for ten years. This logic is quite different from the logic of A-shares in the past. 1999-2001Year, detonated"5ยท19"QuotesIt is policyPowerful stimulation + ### Related Stocks - [000300.CN](https://longbridge.com/en/quote/000300.CN.md) - [399001.CN](https://longbridge.com/en/quote/399001.CN.md) - [000001.CN](https://longbridge.com/en/quote/000001.CN.md) - [510300.CN](https://longbridge.com/en/quote/510300.CN.md) - [510310.CN](https://longbridge.com/en/quote/510310.CN.md) - [159919.CN](https://longbridge.com/en/quote/159919.CN.md) - [02846.HK](https://longbridge.com/en/quote/02846.HK.md) - [03188.HK](https://longbridge.com/en/quote/03188.HK.md) ## Related News & Research - [China AI hardware stocks slump after news US plans to ban imports of Chinese components](https://longbridge.com/en/news/294894665.md) - [China stocks climb on Nvidia-led AI hardware rally; Hong Kong lags](https://longbridge.com/en/news/297123289.md) - [A-Share Three Major Indices Gain 0.7%-1.4% at Midday; HUA HONG GRACE Surges Over 9%, SMIC Up 3%](https://longbridge.com/en/news/296983995.md) - [SSE Composite Index Adds 7pts for Day; ChiNext Index Falls Over 1%; Agriculture and Oil & Gas Stocks Rise](https://longbridge.com/en/news/298280205.md) - [China, HK stocks track global tech rebound; gold miners rally](https://longbridge.com/en/news/296985689.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**