WE THINK: Is the Bear Market Over?
Our view of the market is also very clear: the systematic decline in the bear market has ended! However, the end of the bear market and the start of a bull market are not the same concept. We do not believe that the market will enter into a comprehensive and systematic bubble-driven bull market in t
2024-03-04WE THINK | Why Did the Stock Market Accelerate Its Decline in January? How Far Is Spring Away?
"The bear market gestates in frenzy, takes shape in uncertainty, develops in numbness, matures in pessimism, and ends in despair."
2024-02-052024 Outlook：Is 2024 going to be better? Or not?
The bad news is that the stock market has been in a bear market for three consecutive years and many people have lost a significant amount of money. The good news is that due to the decline in the stock market, stock valuations have become very cheap again.
2024-01-10WE THINK – How to look at the surge of small caps and Beijing Stock Exchange Frenzy
In spring, it is normal to experience some market fluctuations and adjustments. Investors who remain committed to the equity market during this period may need to endure some short-term pain. However, the experiences from multiple market cycles have taught us that enduring the challenges of the spri
2023-12-04WE THINK: Sino-US Relationship is Improving from Many Aspects
Specific strategies include maintaining a moderately high position, continuously optimizing the portfolio, and selecting high-quality growth stocks and high-dividend stocks. As for cyclical growth stocks, the time to exit may not be far off.
2023-11-06WE THINK: Headwind Persists but We Shall Prevail
Patience is advised in the bottom range to position oneself in excellent companies. Give policy measures some time, give "crops" sufficient time to grow, avoid impatience and allow for spring blossoms to come naturally.
2023-10-09WE THINK: We Face Despair, Yet Again
during particularly optimistic or pessimistic stages, if we continue to think in terms of extrapolating trends, it is easy to make strategic mistakes. It should be noted that there has already been a significant reversal in policy support, and we believe that positive changes in the stock market and
2023-09-04WE THINK: Do not underestimate Chinese government’s determination
While others may hold a different point of view than ours, we are dedicated to follow the government’s call-to-arms and start switching our portfolio into a more aggressive stance with higher portfolio weighting.
2023-08-11WE THINK: Insights from a recent Gu Chaoming’s interview
The decline in internal consumptions and real estate markets are problems that are not new to the world, and therefore we believe China has a great chance to overcome such issues through learning from the history of others.
2023-07-07WE THINK: How to avoid balance sheet recession ? Don't leave at trough !
the avoidance of balance sheet recession is done by stabilizing asset prices! If prices weren’t stabilized, each aspect in the economy would undergo a negative downward spiral of selling of assets to deleverage, and to repeat as prices were drove down. So in order to avoid a balance sheet recession,
2023-06-06WE THINK: Why the Fed is becoming the problem itself ? How to face irrationalities in the market ?
we have learned to become graceful towards all irrationalities, as we understand this is one of the most important characteristics of market cycle. As an investment manager in the listed securities market, we believe that 1) the most important part of alpha comes from pick stocks with revenues earni
2023-05-08WE THINK: Change of a century how should we treat GPT? Engage or disengage?
While we think that AI-related segments have been too hot recently, it is still a good thing for the capital market to have a consensus and money-making for investors. This bubble effect will ripple out and radiate into other sectors or themes with potential, increasing the overall investment sentim
2023-04-25