A shares had a "good start" in May, with A500ETF fund rising by 1.4%.

On May 6th, the A-share market welcomed a "good start" after the May Day holiday. As of the time of writing, the A500ETF fund rose by 1.42%, with a turnover of 24.23 billion yuan. CITIC Securities stated that amid overseas disturbances, prices of global mainstream risk assets have basically returned to their original levels, indicating that "trading facts, not expectations" should be the first principle to deal with uncertainties. Looking ahead to May, it is expected that there is still room for a rebound in risk appetite, and A-shares will continue to show characteristics of risk appetite warming and thematic rotation, focusing on thematic trading opportunities with low institutional positions. Guotai Junan Securities stated that the risk premium of the Chinese stock market is expected to systematically decrease in the future, and the decrease in risk-free interest rates and reforms in the capital market system will be key driving forces for incremental market entry. They continue to be optimistic about A-shares and recommend seizing the opportunity to go long. Investors can position themselves through the A500ETF fund and its connected funds.