2025 November Market Insights: Index Valuation, Real Estate Acquisition & Baijiu Export to Russia

• A-share overall valuation is moderately low (PE 30-50% percentile), with CSI 300 and SSE 50 valuations reasonable; ChiNext and STAR 50 have obvious corrections and are worth allocating.
• Real estate acquisition policies are accelerating: 11 provinces have launched commercial housing acquisition, the central bank has set up 300B yuan保障性住房再loan, Guangzhou relaxed acquisition conditions, and Shanghai implemented housing ticket system.
• Baijiu export to Russia: Russia is an important market; 2023 saw significant growth; 2025 Jan-Oct Sino-Russian trade growth supports exports; leading brands include Moutai, Wuliangye.

• Reddit Users: This week’s A-share correction (ChiNext/STAR led with >9% drop) has no obvious negative news; main reason is short-term overvaluation. Strategy: Low position, add to low-valued targets on dips, oppose full-position bull bet, prefer structural market.
• Xueqiu User (巍巍昆仑侠): This week CSI300 dropped 4.8%, CSI500 7%, ChiNext/STAR 9%+/9.2%; strategy: Low position (retracement below market), add to long-term framework targets on dips; real estate acquisition accelerates; Baijiu export to Russia progresses positively (channel penetration, cultural recognition).

Both research and social media agree on short-term market correction due to overvaluation, real estate policy support, and Baijiu export potential to Russia. Investment implications: Focus on low-valued blue chips (CSI300/SSE50), real estate stocks benefiting from acquisition policies, and Baijiu brands with strong overseas presence (e.g., Moutai SH600519).