<h1>Investor confidence rebounds in Q3 2025 as A-share rally driven by monetary easing and tech gains; risks remain</h1> A graduate business school survey reports rebound in investor confidence in Q3 2025 as domestic A-shares rose markedly, driven principally by valuation expansion linked to monetary easing (reserve requirement cuts and open-market injections) and strong gains in technology sectors, while corporate fundamentals and the real estate sector remain weak. The survey flags legal and regulatory risks for investors and issuers including potential market volatility from policy reliance, disclosure and governance concerns given weak revenue/profit trends, and sector concentration risks; it also highlights gold as a defensive asset and stresses that sustainable market recovery requires structural reforms.