Latest forecast on rebound height:
1) Without economic intervention, only financial support; the Shanghai Composite Index is expected to be around the 50-60% percentile based on historical experience, corresponding to a range of 2950-3050.
2) If the index is to break through the empirical recognition zone, new positive factors are needed, especially economic intervention and policy expansion.
3) Due to strong financial support and recovery in trading volume, the stock market faces limited short-term risks and is expected to be dominated by fluctuations and rotations.
4) The next major decision point for trend analysis is expected to be in November-December, when the direction and intensity of economic policies are likely to become clearer.
$Industrial and Commercial Bank of China (SH601398)$ $CITIC Securities (SH600030)$
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