
After eight consecutive days of gains, the SSE Composite Index narrowly missed 3,700 points on 14 August 2025, marking its highest level since December 2021. Despite a slight afternoon dip that ended the streak, brokers remain optimistic about a “slow bull” market in A-shares, with potential to reach 3,800 points. SMU Associate Professor of Finance Fu Fangjian noted that short-term pullbacks may be driven by profit-taking, but the market has been on an upward trajectory since September 2023. He attributed the rise to Chinese government policies, the AI investment boom, and easing China-US trade tensions, which have strengthened investor confidence.