【海通证券荀玉根：科技突破及基本面回暖带来中国资产重估 外资回流A股有望成为一大预期差】金十数据3月2日讯，海通证券首席经济学家荀玉根在最新研报中表示，春节前后，DeepSeek概念引燃A股和港股科技板块投资热潮。展望2025年，除了科技，一些存在较大预期差的领域同样值得关注。荀玉根认为，2025年有三大潜在的预期差。预期差一是房市企稳，今年政策加码下地产有望量价企稳，基本面好转或推动地产股修复。预期差二是消费恢复，若楼市企稳、“两新”加力扩围，消费数据修复或带来消费股重估。预期差三是外资回流，当前外资低配中国权益资产，随着科技突破及基本面回暖带来中国资产重估，外资有望逐步回流A股。荀玉根表示，当前A股市场对于外资的预期仍较低。2025年A股微观资金有望重新回到活跃状态，其中增量外资资金或存在较大预期差。
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