Ye Fan from Southwest Securities: Expects overall volatility and upward trend in A-shares next year.

Jinshi data, December 19th news, "After the third quarter of 2024, a series of policies will be implemented one after another, and the policy effects will continue to be released in the first half of 2025. Influenced by the base effect and the superimposed effect of policies in the first half of the year, the economy in 2025 may show a trend of high first and then stable." On December 18th, Ye Fan, Chief Economist of Southwest Securities, expressed this at the "Chongqing Future Southwest Peer" technology reform and innovation - Capital Market empowers the development of new productive forces forum. Looking ahead to the market next year, Ye Fan said that the current A-share market valuation is not high, the yield of US Treasury bonds tends to decline, and foreign capital is expected to gradually return, continuously boosting market confidence, and it is expected that the overall A-share market will fluctuate and rise in 2025.