CICC: Don’t be Overly Cautious about the Future Market as Chances Outweigh Risks

CICC pointed out that after the Chinese New Year holiday, domestic economic activities continued to recover, and the US inflation and the Fed's interest rate hikes continued to slow down. However, Hong Kong stocks and A shares all experienced a certain degree of correction. In the follow-up stage, the recovery of economic activities, the sharp rebound in the social activities in major cities and the well-performed industrial coal consumption still forms some support for the market. As such, market players shall not be too cautious about the follow-up market as the opportunities still outweigh the risks in 2023.