Daiwa downgrades the rating of Chinese stocks to 'slightly underweight', while High Yield downgrades the rating of Hong Kong stocks to 'underweight'.
Wall Street's major banks have become more cautious about the Chinese stock market, mainly due to persistent deflationary pressures and geopolitical tensions. Morgan Stanley has downgraded its rating on Chinese stocks to 'slightly underweight', believing that the Chinese government's likelihood of introducing fiscal stimulus for consumption and housing issues ahead of schedule next year is very limited, as it is concerned that the mainland will worry about moral hazards and premature transition to a welfare state. This will pose stronger downside risks to corporate profits and market valuations in the coming months. The year-end target for the MSCI China Index is 63, slightly lower than last Friday's (15th) closing of 63.93. Goldman Sachs has also
With Trump's inauguration approaching in January, Bank of America Merrill Lynch advises investors to adjust their portfolios: focus on US bonds, European and Chinese stock markets, and gold.
Bank of America advises investors to adjust their portfolios before Trump's inauguration in January, focusing on US Treasury bonds, China and Europe stock markets, and gold.
China Stimulus Trade to Pick up in Stocks by Late-Nov, JPM Says
Express News | In October, over 100 billion Hong Kong dollars flowed into overseas China stock ETFs.
10 trillion debt-for-equity swap, real estate tax policies will be introduced in the near future... One article to understand the NPC press conference
Starting from 2024, China will allocate 800 billion yuan from the annual increase in local government special bonds for five consecutive years, specifically for debt restructuring, with a cumulative potential to replace 4 trillion yuan in hidden debt. In addition, with the 6 trillion yuan debt ceiling approved by the National People's Congress Standing Committee this time, it will directly increase local debt resources by 10 trillion yuan.
China's New Stock Accounts Hit Nine-Year High as Market Booms