(Source: CCTV-2 Financial Channel "CCTV Financial Review" 2025-06-26)
Starting from June 23, 2025, the stock market has experienced "three consecutive positives". The total market value of A-shares is approaching one million billion. The three major indexes have joined forces to attack. The Shanghai Stock Exchange Index has reached 3,400 points, setting a new high for the year. Market sentiment has heated up significantly. Is this driven by short-term sentiment, or is it proof of China’s economic resilience? Can the positive market sentiment continue? How is the underlying logic of China's stock market investment changing? Focusing on these topics, the "CCTV Financial Review" column of the CCTV-2 financial channel invited Jiang Ping, a professor of finance at the w88 casino of International Economics and w88 of w88 casino, to give an interpretation.
Professor Jiang Ping believes that the market sentiment is optimistic for the following reasons: First, the conflict in the Middle East has brought great uncertainty to the global market, and the recent easing of the conflict has restored pessimistic expectations; second, Morgan Stanley predicts that the Federal Reserve will begin to cut interest rates in March 2026, and eventually The final interest rate reached 2.5%-2.75%, and expectations of U.S. interest rate cuts helped heat up the stock market; third, technical breakthroughs at key points strengthened investors' confidence in the continuation of the trend; fourth, the central bank's proposal to promote the entry of medium- and long-term funds into the market and optimize the functions of the capital market also enhanced investor confidence.
At the 2025 Summer Davos Forum, the international market placed high expectations on the Chinese economy. Professor Jiang Ping said that the international market’s expectations for the Chinese economy are not a single-dimensional recognition, but come from the following three dimensions: First, the innovation dimension. The underlying logic of China’s economic growth has changed, and China is accelerating from “systematic Transforming from a "building power" to an "innovation power", it will become a source of global innovation in the future; second, the openness dimension, China has released a signal of deepening opening up by reducing the negative list for foreign investment access, optimizing the business environment and other measures; third, the certainty dimension, on the one hand, China's economic growth is resilient, on the other hand, the Chinese consumer market is regarded as an important increment of global growth.
On June 24, 2025, the central bank and six other departments jointly issued the "19 Measures", clearly proposing "improving the capital market functions that coordinate investment and financing." In addition, recent policy combinations have continued to exert force, such as the deepening of the reform of basic systems such as the registration system, the introduction of measures to facilitate foreign investment access, etc. Professor Jiang Ping pointed out that the support of these policies will have a positive impact on the future A-share market ecology, and may realize the functional transformation of the capital market, helping the capital market transform from a financing market to an investment market.
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https://tv.cctv.com/2025/06/26/VIDEYpAtVWgNVdBRstgnc3QF250626.shtml?spm=C22284.Pzpe9Ja39w40.EAt2dPzf1fSi.2
