日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

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 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: 日韩欧美中文字幕在线观看 | 偷拍自拍一区 | 久久婷婷色香五月综合激情 | 热伊人99re久久精品最新地 | 91成人| 国产福利小视频在线 | 猛h辣h高h文湿快穿np | 国产高清在线精品一区免费97 | 琪琪色在线视频 | 国产精品美女久久久免费 | 一区二区福利视频 | 日韩欧美大片在线观看 | 午夜精品毛片 | 国产欧美一区二区成人影院 | 久草色网 | 妞干网免费在线观看 | 免费观看视频www | 国产一区二区三区免费观看 | 久久夜色精品国产尤物 | 亚洲精品国产福利在线观看 | 久久伊人在 | 久久国产精品一区 | 久久99综合国产精品亚洲首页 | 精品一区二区三区视频 | A片扒开双腿猛进入免费 | 精久久久 | 在线一区观看 | 久久精品国产99国产精品 | 日韩网新片免费 | 成人午夜性视频欧美成人 | 伊人伊人伊人 | www.9cao| 久久黄色大片 | 成人免费毛片高清视频 | 成人 在线 | 波多野结衣中文丝袜字幕 | 超碰欧美 | 99色这里只有精品 | 日本中文字幕在线观看 | 亚洲欧美日韩精品久久奇米色影视 | 欧美毛片网 |