On November 12, the 2026 Shanghai Stock Exchange International Investor Conference was held in Shanghai.

Guotai Haitong Securities Co., Ltd. (601211) Vice President of the Research and Institutional Business Committee and Director of the Research Institute, Lu Ying, stated during a roundtable discussion that the safety and resilience of Chinese assets can be analyzed from three levels: the real economy, macro policy, and the capital market.

Lu Ying pointed out that in a turbulent global landscape, the stability of energy and supply chains is the core of ensuring safety. China's energy structure and its globally leading new energy development have strengthened the autonomy of its energy chain; meanwhile, the resilience of its industrial chain, which possesses the most complete industrial system, has withstood the tests of the financial crisis, the global trade winter, and the pandemic shock. "Whether speaking of safety or resilience, the certainty of delivery is the most scarce advantage in a turbulent global supply chain landscape," she emphasized.

The resilience of Chinese assets is also reflected in the independence of domestic macro policy. China's monetary and fiscal policies have ample room for autonomy, and a relatively accommodative financial environment and fiscal policy space can better stabilize domestic demand and promote technological innovation and industrial upgrading, providing certainty for growth.

At the same time, China's capital market possesses good breadth and depth, including sectors such as advanced manufacturing, technology, overseas expansion, dividends, and domestic demand. Hedging among assets with different attributes increases the market's endogenous stability. Moreover, the low correlation between the Chinese market and other major global markets such as the US, Japan, and Europe gives it good diversification value in global allocation.

Additionally, the gradual improvement of China's market stabilization mechanisms is also conducive to enhancing market stability.