CKGSB Survey Reveals Cautious Investor Sentiment in Q3 2026 China A-Share Market
The latest CKGSB Investor Sentiment Survey indicates cautious investor sentiment in China's A-share market during the third quarter of 2026. Despite a recovery in corporate earnings, investors have lowered their expectations for returns and are less willing to invest directly in stocks or equity funds. The survey shows that only 58.6% expect stock prices to rise, down from April 2026. Market activity has increased with higher turnover ratios on the Shanghai Composite Index (from 2.39 to 4.2) and Shenzhen Composite Index (from 5.84 to 8.5). However, price-to-book ratios have risen only modestly. Liu Jing of CKGSB notes a divergence in investor sentiment rather than broad optimism. Corporate profits are recovering, with year-on-year net profit growth reaching 5.9% by June 2026 after years of decline. Private enterprises and strategic emerging industries showed strong performance at 36.7% and 36%, respectively.
Topics: A-shares China stock market corporate earnings investor confidence