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As the benchmark Shanghai Composite Index finished above the 4,000-point level on the first trading day of 2026, the upward momentum is likely to continue in the A-share market throughout the year, which is backed by self-reliant technology advancement and continued recovery in economic fundamentals, said experts on Monday.

专家于周一表示，2026 年首个交易日，基准上证综指收盘站上 4000 点整数关口，依托自主科技创新突破以及经济基本面的持续修复，A 股市场全年上行势头有望延续。

Their comments came after the benchmark index closed 1.38 percent higher at 4,023.42 on Monday, while the Shenzhen Component Index gained 2.24 percent. The tech-heavy ChiNext board in Shenzhen jumped 2.85 percent. Combined trading value at the Shanghai and Shenzhen exchanges totaled 2.5 trillion yuan ($360 billion), up 500 billion yuan from the previous trading day.

此番观点发布的背景是，该基准指数周一收盘上涨 1.38%，报 4023.42 点；深证成指上涨 2.24%；主打科技股的创业板指大涨 2.85%。沪深两市合计成交额达 2.5 万亿元人民币（折合 3600 亿美元），较前一交易日增加 5000 亿元。

Insurance companies reported the strongest rally on Monday, surging 6.72 percent on average. The semiconductor sector also jumped 4.18 percent.

保险板块成为周一领涨主力，平均涨幅达 6.72%；半导体板块同样大涨 4.18%。

Experts from China Galaxy Securities explained that the recent rally in the Hong Kong market, which occurred during the New Year holiday break of A shares, coupled with the recent strengthening of the renminbi in the foreign exchange market, has boosted investor confidence.

中国银河证券专家解读称，A 股元旦休市期间港股市场的连日走高，叠加近期人民币汇率在外汇市场的持续走强，共同提振了投资者信心。

Analysts from Founder Securities said that breakthroughs to be anticipated in emerging industries — such as commercial spaceflight, artificial intelligence, brain-computer interface and nuclear fusion — will further propel the A-share rally as 2026 plays out.

方正证券分析师表示，2026 年，商业航天、人工智能、脑机接口、核聚变等新兴产业的预期突破，将进一步推动 A 股市场上行。

Foreign institutions hold a positive outlook on the A-share performance this year.

外资机构对今年 A 股表现持积极展望。

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