The A-share market trend remains unchanged, with a possible second phase of increase in the second half of the year, using A500ETF to layout in the south.

On March 26, the trading volume of A500ETF South was active, with a turnover of 46.3 billion yuan by the midday break. Shenwan Hongyuan stated that the underlying support for the uptrend in the A-share market has not changed, with the advantages of the Chinese economy highlighted and the long-term positive trend of the Chinese capital market unchanged. The rapid changes in liquidity are not the norm in the A-share market. Some short-term issues have been over-interpreted as medium-term concerns, and the short term may be the most stressful period. Have confidence in the medium term and be patient. The current A-share market is transitioning from the "first stage of the uptrend" to the "range-bound" phase. In the second half of 2026, when conditions for digestion of performance & time valuation, cyclical improvement, and "cross-stage progress" of industrial trends, and accelerated migration of residents' allocation to equity are met, the A-share market may experience a "second stage uptrend". In the short term, the resilience of China's energy and supply chains may expand into the rise of Chinese power in the medium term, driving a higher and more sustained uptrend. It is shown that A500ETF South closely tracks the CSI A500 Index, which selects 500 stocks with larger market capitalization and better liquidity from various industries as index samples to reflect the overall performance of the most representative listed companies in each industry. Investors can use A500ETF South to easily access and invest off the market.