Under the comprehensive macro background of deteriorated European sovereign debt crisis,USA's unsatisfactory economic recovery and a slow down in China's economic growth,China's A share market rebounded in Q1 then fell. In the first three quarters in 2012,Shanghai Composite Index dropped by 5.15% and once fell below the 2000-point mark. The ups and downs of individual stocks differentiated greatly. And the valuation of the whole market has stepped into a historical bottom area. Looking forward into Q4 of 2012 and 2013,a continuously rising market is not expected and China’s A share market may show great fluctuations with some structural investment opportunities instead. <<