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目前A股市场的估值已经接近历史低位,并与成熟市场的估值水平接近。对于后续市场的表现,我们认为,经历短期的适度调整之后,A股市场存在继续反弹机会,但走势会比较反复。
The current valuation of the A-share market is near historic lows and is close to the valuation of mature markets. For the follow-up market performance, we think there will be a rebound in the A-share market after experiencing a short-term moderate adjustment, but the trend will be more and more repeated.