Lates News

CITIC Securities pointed out that since August, the stock market has continued to rise while the bond market has experienced volatility and adjustments in term spreads. In this process, some bearish views in the bond market have gradually shifted from short-term stock-bond seesaw games to longer-term market liquidity and reshaping of household wealth patterns. Considering the recent trading behavior of bond funds, wealth management, and insurance funds, CITIC Securities believes that in the short term, there is no need to worry excessively about the rapid flow of household deposits and fixed-income wealth into the stock market as there is a lack of data to support this. However, if the equity market can continue its slow bull trend, the reshaping of household wealth allocation structure may become a long-term trend, but it is more of a "slow variable" rather than a "magic bullet."