Ji Junkai, the manager of the Science and technology, 100 ETF fund at Haifutong, stated that since the end of November, the SSE Composite Index has risen for three consecutive weeks, indicating that the year-end rally has already begun to a certain extent. Currently, the market meets several conditions required for the year-end rally: consistently improving expectations for favorable policies, a resonation of liquidity and relaxed funds, and signs of some improvement in fundamentals. Yang Gang, the chief economist of Golden Eagle Fund and the fund manager of the equity research department, mentioned that the year-end rally has quietly started this year. On one hand, the major meetings held in December have attracted tremendous attention from the market. On the other hand, as confidence in the Chinese economy and capital markets gradually recovers, and with the constraints of asset shortages, there is demand for funds to enter the market. (China Fund Report)
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