How Will A-Shares Move in H2? Politburo Meeting Provides Guidance

English summary

### How Will A-Shares Move in H2? Politburo Meeting Provides Guidance Time: 2026-07-31 06:41:53 Content: How will A-shares move in H2? The Politburo meeting provided guidance. On July 30, 2026, the Political Bureau of the CPC Central Committee held a meeting to study and analyze the current economic situation and economic work. The core signals released provided clear guidance for the A-share market in H2. 1. Eight major signals from the meeting (plain-language breakdown): 1. Macro policy officially shifts: increase counter-cyclical adjustment, more proactive fiscal policy and moderately loose monetary policy. This changes the cautious cross-cyclical tone of H1, clearly adopting a more proactive fiscal policy + moderately loose monetary policy. It is necessary to implement existing policies and introduce incremental stimulus at any time. - Fiscal: special bonds, ultra-long-term special treasury bonds, and RMB 800 billion policy-based financial instruments will be accelerated, speeding up the conversion of funds into physical workload, focusing on infrastructure and urban renewal. - Monetary: liquidity remains ample, and there are expectations for subsequent rate cuts and RRR cuts, continuously reducing financing costs for enterprises and residents to hedge against downward economic pressure.…