The recent trends in the A-share market have prompted much thought among investors. Some believe that the current market conditions are quite similar to those during the period from 1995 to 2001. This comparison was made as early as 2022 and has continued to attract attention and discussion.

Analysis suggests that the market environment from 2022 to 2024 shares many similarities with the situation from 1997 to 1999. Furthermore, there may be a third phase of increase similar to that from 1999 to 2001 in the future. This view was already proposed last year, predicting the arrival of the "519" market trend and anticipating that we are likely entering a market phase similar to that of 1999 to 2001.

Some phenomena in the current market, such as the abnormal performance of certain individual stocks and the surge in artificial intelligence concept stocks, bear a striking resemblance to certain phases from 1999 to 2001. In particular, the performance of blue-chip stocks since September 24, 2023, and the current AI concept stock boom can be likened to the "index platform, individual stocks perform" phenomenon after the "519" market back then.

Looking back at history, the market trends after 2000 to 2001 left a deep impression on us. So, how will the A-share market play out in 2025 to 2026? This question is worth our contemplation. As the saying goes, there is nothing new under the sun. History often repeats itself with astonishing similarity, but it will never be exactly the same.

As investors, we need to approach these historical analogies with caution, while also recognizing that each era has its unique economic environment and market conditions. While drawing on historical experience, we should pay more attention to current economic fundamentals, policy directions, and technological innovations, in order to assess market trends and investment opportunities from a more comprehensive and rational perspective.