Chairman of the Huatai Securities Institutional Business Committee, Liang Hong: China's asset prices will undergo a deep reassessment.

At the International Investors Conference of the Shanghai Stock Exchange held today, Liang Hong, the chairman of the Institutional Business Committee of Huatai Securities, predicted that the actual growth of China's GDP in 2026 may remain at around 5%; the drag of the real estate cycle on growth will decrease year by year in the future, and the debt risks of real estate companies will accelerate in clearing; both investment and consumption have certain recovery momentum, and capital investment related to high technology is expected to accelerate, including in the fields of AI and high-end manufacturing. With the significant decline in policy rates and loan rates, the revaluation of asset prices in China will deepen.