CITIC Securities: This round of market conditions has continued until now, and the main initiators and promoters are not retail investors
2025-08-24 09:23:19
CITIC Securities believes that from the perspective of various types of funds, the main initiators and promoters of this round of market continuation to the present are not retail investors; in fact, from the start to the acceleration of this round of market, the core clues are all around industrial trends and performance; since it is all smart money entering the market that dominates, we cannot be obsessed with analogy to past market trends. As the products issued in 2020-2021 enter the break-even area as a whole, the market will have a process of relaying old and new funds; the continuation of the future market requires new allocation clues, rather than being limited to "money" and liquidity.
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