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Haitong strategy: Fiscal policy efforts may drive A-share towards fundamental drivers
On November 10th, Jin Shi Data reported that Haitong Strategy Research believes that historical experience shows that the bottom-up fiscal policy can help repair the macro and micro fundamentals, but there is a certain time lag from the implementation of fiscal policy to the improvement of macroeconomics and corporate profits. Fundamental repair often lags behind the bottom of the policy. With the continuous repair of the fundamentals driven by policy efforts, the stock market is expected to enter a phase driven by fundamentals.