男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Experts: Equities set to rebound from bear grip

By SHI JING in Shanghai | China Daily | Updated: 2022-05-25 09:53
Share
Share - WeChat
Marcos Troyjo

Although the A shares fell on Tuesday, the market will likely recover soon on the back of supportive policies and the country's long-term economic growth momentum, experts from leading international financial institutions said.

On Tuesday, the benchmark Shanghai Composite Index fell 2.41 percent, while the Shenzhen Component Index closed 3.34 percent lower. The Nasdaq-style ChiNext in Shenzhen shed 3.82 percent.

Such volatility was anticipated by Morgan Stanley analysts as the A-share market is, in their words, going through "the bumpy final leg "of a bear market. Investor patience is called for now as market volatility may remain elevated in the short term, they said.

But the short-term fluctuation has not affected Morgan Stanley's preference for A shares, given that a policy easing cycle is said to be forming in China.

Investors should focus on oversold high-quality names and companies with share buyback plans. Exposure to materials and industrial companies, which are likely to be boosted by China's stimulative infrastructure policies, could prove profitable in the medium to long-term, said Laura Wang, chief China equity strategist at Morgan Stanley.

Experts from China International Fund Management Co Ltd, which was jointly set up by Shanghai International Trust & Investment and JP Morgan Asset Management, wrote in a note on Tuesday that downbeat market sentiment has been waning as the latest COVID-19 outbreak is coming under better control and efforts to facilitate production resumption are proceeding in an orderly way.

Liquidity is reasonably ample, so investors should look at sectors like banks, infrastructure, real estate, furniture and home appliances in the second half of the year, market mavens said.

Ethan Wang, head of investment strategy for wealth management at Standard Chartered China, said the A-share market is likely to outperform other markets this year, given the low valuations in China and the stimulative monetary and infrastructure policies slated to be implemented in the near term.

Eugene Qian, chairman of UBS Securities Co Ltd, said investment in China assets is no longer an option but a must, especially for large institutional investors that track the world's major indexes.

The ongoing structural reforms in China put more stress on development quality than on speed, which will translate into a continued economic driving force, said Marcos Troyjo, president of New Development Bank. He was addressing a seminar on Monday at the ongoing World Economic Forum in Davos, Switzerland. China's GDP growth, he said, will likely come in at around 5 percent this year.

Given the unchanged or even heightened level of openness in China, as well as the value that China continues to bring to the global supply chains, the country will remain "one of the top destinations for foreign direct investment for a long time to come", he said.

Agreed Jerry Zhang, CEO of Standard Chartered Bank (China). China's long-term development prospects offer "enormous opportunities", she said.

Based on the conviction that China's high-level opening-up will continue, and given the Regional Comprehensive Economic Partnership agreement that took effect on Jan 1, Standard Chartered Group announced in February it will invest $300 million in its China-related business in the next three years.

Jiang Xueqing contributed to this story.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 新竹县| 永平县| 资溪县| 江永县| 定西市| 马边| 固安县| 浪卡子县| 牟定县| 荣成市| 通江县| 雷山县| 兴隆县| 海盐县| 平远县| 绥江县| 易门县| 监利县| 阳江市| 白河县| 石林| 固镇县| 合山市| 九龙县| 盐源县| 平安县| 苏尼特左旗| 松溪县| 湘潭市| 澄江县| 博爱县| 鄱阳县| 酉阳| 马尔康县| 都昌县| 洛宁县| 交城县| 佛教| 壤塘县| 固阳县| 射洪县|