2026 is the beginning year of the “15th Five-Year Plan”. Guo Lin, fund manager of the Jingshun Great Wall Fund Research Department, said that the domestic economy will show a moderate growth trend and gradually improve. This judgment is based on the general tone of “seeking progress through stability, improving quality and efficiency” determined by the Central Economic Work Conference, as well as positive changes in the internal and external economic environment. Guo Lin believes there will be an important shift in the domestic demand structure in 2026. The impact of real estate on the economy has been drastically reduced, while the status of consumption in the “15th Five-Year Plan” plan proposal has improved markedly, and “investing in people” has become a key direction for expanding domestic demand. Continued promotion of the “anti-domestic roll” policy is expected to ease the situation of strong supply and weak demand, and promote the return of corporate profits and the improvement of profit margins. Guo Lin said that in 2026, the market will shift from the extreme market in 2025 to balance. In the past two years, the performance of Chinese assets has essentially been the pursuit of “scarce assets” by “liquidity”. Under the 2026 fiscal and monetary easing environment, the RMB is expected to recover steadily in stages, and the allocation value and valuation repair of Chinese assets has just begun. In terms of industry trends, she believes that despite increased volatility in the US stock market, the medium- to long-term development trend of AI is still accelerating. Google's iteration on models and computing power has pushed Silicon Valley AI into a new stage of confrontation between the two powers. The implementation of more smart devices and commercialization will become the focus of market attention, and investment opportunities in the pan-tech sector will remain one of the main lines in 2026.

2026 is the beginning year of the “15th Five-Year Plan”. Guo Lin, fund manager of the Jingshun Great Wall Fund Research Department, said that the domestic economy will show a moderate growth trend and gradually improve. This judgment is based on the general tone of “seeking progress through stability, improving quality and efficiency” determined by the Central Economic Work Conference, as well as positive changes in the internal and external economic environment. Guo Lin believes there will be an important shift in the domestic demand structure in 2026. The impact of real estate on the economy has been drastically reduced, while the status of consumption in the “15th Five-Year Plan” plan proposal has improved markedly, and “investing in people” has become a key direction for expanding domestic demand. Continued promotion of the “anti-domestic roll” policy is expected to ease the situation of strong supply and weak demand, and promote the return of corporate profits and the improvement of profit margins. Guo Lin said that in 2026, the market will shift from the extreme market in 2025 to balance. In the past two years, the performance of Chinese assets has essentially been the pursuit of “scarce assets” by “liquidity”. Under the 2026 fiscal and monetary easing environment, the RMB is expected to recover steadily in stages, and the allocation value and valuation repair of Chinese assets has just begun. In terms of industry trends, she believes that despite increased volatility in the US stock market, the medium- to long-term development trend of AI is still accelerating. Google's iteration on models and computing power has pushed Silicon Valley AI into a new stage of confrontation between the two powers. The implementation of more smart devices and commercialization will become the focus of market attention, and investment opportunities in the pan-tech sector will remain one of the main lines in 2026.