As expectations of the Federal Reserve to cut interest rates heat up, the current environment is gradually improving emerging market stock markets, including A-shares. Restrictions on short selling and Huijin entering the market to buy ETFs are the main driving factors. The higher-than-expected interest rate cuts have also stimulated market sentiment. Starting from February 6, the A-share market has continued to rebound, moving from the 2600-point range to the 3100-point mark.

On March 5, the government work report basically continued the policy tone set by the Central Economic Work Conference in December last year, setting the 2024 economic growth target again at "around 5%", and the general public budget deficit rate at 3%. A further 1 trillion yuan of special treasury bonds will be issued. Although the above formulation is in line with expectations, the government's intention that special treasury bonds will continue to be issued in the future and will not be included in the general budget, which exceeds market expectations. Faced with downward pressure on the economy, proactive finance has also been a measure that institutions and scholars have called for a long time.

Against this background, where will China's stock market go in the future? Can the rebound last? How to build an investment portfolio that can advance and retreat?