Great Wall Fund: Short-term layout strategy may increase aggressiveness.

The Great Wall Fund Company stated today that in the short term, the market will see a resonance of policies, liquidity and fundamentals. Investors may consider adding more aggressive investments. The reasons are: 1) The Central Economic Work Conference approaching, 2026 is the year when the "Thirteenth Five-Year Plan" begins, and it is expected that the general budget deficit will further expand, and economic policies are expected to become more proactive. 2) Considering the recent weakening real estate sales data, if the Federal Reserve decides to cut interest rates in December, the stable appreciation of the Renminbi will provide favorable conditions for China's loose monetary policy at the beginning of 2026. 3) The China Banking and Insurance Regulatory Commission has lowered the risk factor for insurance companies' equity investment in the market. Additionally, following the statements in 2019 and 2024, the China Securities Regulatory Commission has once again stated to moderately broaden the capital space and leverage limit, further boosting market risk appetite.