日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

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

China shares seen holding their own this year

By ZHOU LANXU and LI XIANG | China Daily | Updated: 2022-02-23 09:15
Share
Share - WeChat
Investors monitor the stock prices at a stock brokerage in Anhui province. [Photo by Lu Qijian/For China Daily]

Despite short-term fluctuations triggered by external uncertainties, China's stock market is likely to remain resilient and attract more attention from global investors this year, investment banks and asset managers said on Tuesday.

They said three key factors are likely to underpin global investor interest in Chinese A shares-continuous steps on capital market reform and opening-up, high earnings growth accompanied by attractive valuation levels and notable diversification benefit provided by the country's distinctive macroeconomic policy moves.

They made the comments as China's A-share market ended lower on Tuesday as global financial markets held their breath amid escalating tensions between Russia and Ukraine.

The benchmark Shanghai Composite Index dropped 0.96 percent to close at 3457.15 points on Tuesday.

Though concerns over tensions between Russia and Ukraine may continue to roil financial markets for some time, investment banks and asset managers said they remain upbeat about China's A-share market in the medium and long term.

"We believe China A shares, a $14 trillion asset class, have become more investable given the ongoing liberalization and reform measures in the Chinese capital markets," said a Goldman Sachs report.

"This reinforces our strategic view that China equity is an asset class that is too big, too growthy and too vibrant to ignore, and will bring profound allocation benefits, thematic appeal and alpha opportunities to global equity investors," the report said.

According to Goldman Sachs, China's A shares are likely to deliver high earnings growth, look attractively valued relative to other major markets and show low return correlations with global equity markets, which potentially offers positive portfolio benefits.

Northbound trading of the stock connect programs between mainland and Hong Kong exchanges saw net foreign capital worth 7.34 billion yuan ($1.15 billion) flow out of A shares on Tuesday as sentiment among global investors soured, according to market tracker Wind Info.

A net 14.26 billion yuan, however, has flowed into mainland exchanges from the beginning of the year to Tuesday via northbound trading despite the expected interest rate hikes by the United States Federal Reserve, pointing to the robust appeal of A shares.

"Investors seeking to diversify their global portfolios would be remiss not to look at China, where policymakers are charting a very distinctive course from Western counterparts in the year ahead," said Louis Luo, investment director in multi-asset solutions with abrdn, a global investment company.

More measures supportive of economic growth are expected to take effect in China, such as increased infrastructure spending, rising investment in the manufacturing sector, tax cuts and stimulus moves to drive consumer spending. This could coincide with acceleration in credit expansion, which will bolster markets and valuations, Luo said.

"We are positive on the prospects for Chinese A shares this year, backed by still positive earnings growth and a re-rating in valuations. We favor a balanced exposure between new-economy stocks with a strong growth outlook and old-economy holdings with a valuation buffer."

Kaifusai Julaiti contributed to this story.

Top
BACK TO THE TOP
English
Copyright 1994 - . 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: 国产 日韩 欧美 在线 | 亚洲第一毛片 | 国产在线播放一区 | 欧美一a一片一级一片 | 婷婷综合五月 | 99久久久精品免费观看国产 | 日韩精品极品视频在线观看免费 | 特级丰满少妇 | 中文av字幕 | 国产精品亚洲天堂 | 日本我不卡 | 久久视频免费观看 | 国产第一页在线观看 | 日韩女优网站 | 国产婷婷色 | 日本高清www| 日韩精品高清视频 | 青青草伊人网 | 日本三级视频在线播放 | 日韩视频三区 | 天天草天天 | 久久久香蕉视频 | 日韩中文字幕在线 | 午夜精品久久久久久久99 | 91亚洲精品国偷拍自产在线观看 | 亚洲精品三区 | 超碰97av| 六月激情综合 | 国产 欧美 在线 | 久久aⅴ国产欧美74aaa | 免费在线观看黄 | 国产精品午夜视频 | 91精品久久香蕉国产线看观看 | 欧美日韩视频网站 | 国产一区二区视频免费 | 葵司在线视频 | 国产毛片在线 | 欧美最猛性xxxx | 国产成人av一区二区三区 | 日本一级片在线观看 | 日韩有码一区二区三区 |