UBS expects Chinese market to deliver more growth
1 year, 11 months ago

UBS expects Chinese market to deliver more growth

China Daily  

Photo taken on July 29, 2022, shows buildings on both sides of the Huangpu River in Shanghai. Multinational investment bank and financial services company UBS is bullish on the Chinese market, and the market's attraction will be strengthened this year, ThePaper reported on Tuesday. The consumption recovery in the Chinese market will drive companies' earnings rise, while a recession in developed economies will affect earnings growth in overseas markets in 2023. The outlook for Chinese A-share market is positive in 2023, with the earnings growth expected to recover from 4 percent in 2022 to 15 percent in 2023, said Meng Lei, China equities strategist at UBS Securities. The Hang Seng Index will be bullish, led by factors including the US dollar weakening, the US treasury yields felling and companies' earnings growth; but its high weight of the financial sector result in the resilient will be less than the MSCI China index, said Meng.

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History of this topic

Global investors gear up to go back into China
2 months, 3 weeks ago

Global investors gear up to go back into China

The Hindu  

Global investors are preparing to stake bets on China again, in a major sentiment shift sparked by Beijing’s drive to reverse its economic slowdown and revive long-term interest in its stock markets. He said the group had bought China stocks “selectively” last week and would wait for more detailed policy plans from Beijing following some unusually candid economic support pledges …

New index for China's A-share market to be released
3 months, 3 weeks ago

New index for China's A-share market to be released

China Daily  

An investor checks stock prices at a brokerage in Shenyang, capital of Liaoning province. BEIJING - The China Securities Index company on Tuesday said that a new stock index, CSI A500, will be formally released on Sept 23. The index will track 500 securities with large market values and good liquidity, and aims to reflect the overall stock performance of …

China's appeal belies business exodus: China Daily editorial
5 months ago

China's appeal belies business exodus: China Daily editorial

China Daily  

Given the rising geopolitical tensions between China and the United States, and the "de-risking" strategy being pushed ahead by some Western countries to reduce dependence on China in terms of technologies and trade, it is not surprising that reports about foreign businesses cutting investment or shifting production out of China should have emerged. Yet it is the foreign business communities …

Nation's opening to further intensify
5 months ago

Nation's opening to further intensify

China Daily  

A foreign tourist takes pictures of a child wearing traditional Chinese apparel in Changsha, Hunan province, on May 14. "We will turn China's vast market into a major opportunity for the world," he said, adding that Beijing will continue to make life more convenient for foreign travelers in terms of accommodation, medical services and payments. Mu Hong, deputy director of …

Hopes of stable stock market rise on H1 data
5 months ago

Hopes of stable stock market rise on H1 data

China Daily  

An investor looks at share prices at a brokerage in Fuyang, Anhui province. Of the 1,600-plus A-share companies that have disclosed their first-half earnings forecasts so far, more than 850 said their income will rise year-on-year, according to market tracker Wind Info. Seven companies reported net profit increases of over 500 percent year-on-year, including industry big names such as Will …

Hopes of stable stock market rise on H1 data
5 months ago

Hopes of stable stock market rise on H1 data

China Daily  

An investor looks at share prices at a brokerage in Fuyang, Anhui province. Of the 1,600-plus A-share companies that have disclosed their first-half earnings forecasts so far, more than 850 said their income will rise year-on-year, according to market tracker Wind Info. Seven companies reported net profit increases of over 500 percent year-on-year, including industry big names such as Will …

China's economic performance resilient amid challenges
5 months ago

China's economic performance resilient amid challenges

China Daily  

The skyline of Beijing. China's economy demonstrated a stable expansion in the first half of 2024, achieving a year-on-year GDP growth of 5 percent, equivalent to 61.68 trillion yuan, according to data released by the National Bureau of Statistics on Monday. Key economic indicators GDP growth The first half of 2024 saw China's GDP grow by 5 percent year-on-year. China's …

China's economic performance resilient amid challenges
5 months ago

China's economic performance resilient amid challenges

China Daily  

The skyline of Beijing. China's economy demonstrated a stable expansion in the first half of 2024, achieving a year-on-year GDP growth of 5 percent, equivalent to 61.68 trillion yuan, according to data released by the National Bureau of Statistics on Monday. Key economic indicators GDP growth The first half of 2024 saw China's GDP grow by 5 percent year-on-year. China's …

Experts: Stocks to bottom out in Q3
6 months ago

Experts: Stocks to bottom out in Q3

China Daily  

A pedestrian touches the Bund Bull in Shanghai. BLOOMBERG/GETTY IMAGES As China heads toward an economic turnaround, investors in A shares can look forward to the stock market bottoming out in the third quarter of the year, experts said. Qin Peijing, chief strategist at CITIC Securities, said the A-share market can anticipate a turning point in the third quarter as …

Positive signs seen for A-share market
7 months, 2 weeks ago

Positive signs seen for A-share market

China Daily  

A series of positive updates, ranging from a top-level meeting signaling more housing sector support to rising hopes of improving global liquidity conditions, may have set a strong foundation for Chinese equities to register a sustained rally, experts said. The rebound during the May Day holiday of Chinese shares listed overseas bodes well for the A-share market's reopening on Monday …

Good start for China's economy is also good for world growth
8 months ago

Good start for China's economy is also good for world growth

China Daily  

A view of Beijing's CBD area. China's GDP grew 5.3 percent year-on-year in the first quarter of this year, up 1.6 percent from the fourth quarter of last year, showing China's economy is on a solid footing for continued recovery, which will further enhance international expectations for China's development prospects. A series of international financial institutions such as the Asian …

China reports 5.3% GDP growth for Q1
8 months, 1 week ago

China reports 5.3% GDP growth for Q1

China Daily  

By Ouyang Shijia | chinadaily.com.cn | Updated: 2024-04-16 10:02 China's gross domestic product expanded by 5.3 percent year-on-year in the first quarter after a 5.2 percent rise in the fourth quarter, official data showed on Tuesday, boding well for a steady economic recovery in the following months. On a quarter-on-quarter basis, China's GDP grew by 1.6 percent in the first …

China reports 5.3% GDP growth for Q1
8 months, 1 week ago

China reports 5.3% GDP growth for Q1

China Daily  

By Ouyang Shijia | chinadaily.com.cn | Updated: 2024-04-16 10:02 China's gross domestic product expanded by 5.3 percent year-on-year in the first quarter after a 5.2 percent rise in the fourth quarter, official data showed on Tuesday, boding well for a steady economic recovery in the following months. On a quarter-on-quarter basis, China's GDP grew by 1.6 percent in the first …

Nation's growth target seen as achievable, appropriate
8 months, 3 weeks ago

Nation's growth target seen as achievable, appropriate

China Daily  

This aerial photo taken on June 10, 2023 shows the night view of the urban areas in Guangzhou, South China's Guangdong province. A moderately rapid growth of around 5 percent annually is both achievable and appropriate for a country at China's stage of development, a senior economist said. Jeffrey Sachs, a world-renowned professor of economics and director of the Center …

Mainland shares getting back on track
9 months ago

Mainland shares getting back on track

China Daily  

Investors check share prices at a securities brokerage in Shanghai. Foreign investors' rising interest in Chinese mainland equities — their exposure to A shares has increased recently — can be attributed to the obvious value of the stocks and China's continued efforts to optimize its capital market structure, said market mavens and experts. The adjustment, based on FTSE Russell's first-quarter …

Chinese stock gauges rally 20%, bolstering market bottom calls
9 months, 1 week ago

Chinese stock gauges rally 20%, bolstering market bottom calls

Live Mint  

A rally in Chinese stocks has sent a number of benchmarks surging 20% from lows, a sign that the battered market may be headed for a more sustainable uptrend after multiple false dawns over the past year. “It’s rare to see China’s markets sustain a rally for weeks since the second half of last year,” said Fanwei Zeng, investment analyst …

China says economy got a strong start in 2024, sets sights on latest technology, upgrading factories
9 months, 2 weeks ago

China says economy got a strong start in 2024, sets sights on latest technology, upgrading factories

Associated Press  

BEIJING — China has plenty of room to maneuver to attain its annual target for robust economic growth of about 5% after a strong start for the year, top economic officials said Wednesday, though they acknowledged it’s a challenge. It’s hard to fully meet needs using existing funding channels and there’s an urgent need to increase support,” he said at …

Foreign institutions bullish on China's economy
11 months, 1 week ago

Foreign institutions bullish on China's economy

China Daily  

The financial district of Pudong New Area. Wang Tao, chief China economist at UBS Investment Bank said that, consumption growth is expected to outpace GDP growth this year, as the recovery in service industry, labor market and household incomes continues. However, Liu Jing, chief economist at HSBC, believes that in 2024, the new people-oriented urbanization process will further release consumption …

Global asset managers optimistic about A-share market's rebound this year
11 months, 1 week ago

Global asset managers optimistic about A-share market's rebound this year

China Daily  

Global investment banks and asset managers have expressed cautious optimism that China's A-share market is poised for a rebound this year, after underperforming major global peers in 2023. Chen Dong, chief Asia strategist and head of Asia research at Pictet Wealth Management, said the Swiss company remains tactically positive on Chinese equities over the short to medium term as China's …

Incentives boosted for holding in Chinese A shares
11 months, 1 week ago

Incentives boosted for holding in Chinese A shares

China Daily  

The China Securities Regulatory Commission will strengthen incentives for fund management companies to boost holdings in Chinese A shares as the long-term return prospect of the market has improved. Lin said the fund industry shares a belief that the trend for China's economy to recover and improve remains intact while the valuations of A shares have reached a historical low, …

Investment banks up growth forecasts
1 year, 1 month ago

Investment banks up growth forecasts

China Daily  

The view of Shanghai's CBD is seen in this photo. Experts advocate continuing policy stimulus to consolidate recovery International investment banks have raised their forecasts for China's GDP growth in 2023 to above 5 percent after third-quarter growth figures pointed to signs of stabilization, indicating that the nation's economic performance will likely be in line with the official target. They …

State fund's move buoys investors' confidence
1 year, 2 months ago

State fund's move buoys investors' confidence

China Daily  

A worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province. Capital: Positive responses seen in A-share market Central Huijin Investment, an arm of China's sovereign wealth fund, has increased its stake in the country's four biggest commercial banks amid strengthening signs of economic recovery, which analysts said will help further boost investors' confidence and drive …

State fund's move buoys investors' confidence
1 year, 2 months ago

State fund's move buoys investors' confidence

China Daily  

A worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province. Capital: Positive responses seen in A-share market Central Huijin Investment, an arm of China's sovereign wealth fund, has increased its stake in the country's four biggest commercial banks amid strengthening signs of economic recovery, which analysts said will help further boost investors' confidence and drive …

China's GDP expected to grow at around 4% in Q3
1 year, 2 months ago

China's GDP expected to grow at around 4% in Q3

China Daily  

A view of Beijing's CBD area. The country's industrial production sentiment has improved, and industrial production is expected to increase by 4.3 percent in September, said Zhang Wenlang, chief macroeconomic analyst with investment bank China International Capital Corp. In terms of consumption, the growth rate of total retail sales of consumer goods is expected to rebound to about 5.5 percent …

H2 growth hopes surge on buoyant equities
1 year, 4 months ago

H2 growth hopes surge on buoyant equities

China Daily  

With real estate on the mend and consumption upgrade strong, bull run in sight Starting July 25, the Shanghai Composite Index, China's benchmark stock barometer, rose 3 percent in two weeks. "Technically and emotionally, the A-share market will be more upbeat in the second half of this year," said Chen Li, chief economist of Chuancai Securities. "The A-share market's overall …

H2 growth hopes surge on buoyant equities
1 year, 4 months ago

H2 growth hopes surge on buoyant equities

China Daily  

With real estate on the mend and consumption upgrade strong, bull run in sight Starting July 25, the Shanghai Composite Index, China's benchmark stock barometer, rose 3 percent in two weeks. "Technically and emotionally, the A-share market will be more upbeat in the second half of this year," said Chen Li, chief economist of Chuancai Securities. "The A-share market's overall …

China's growth against odds raises world's hopes
1 year, 5 months ago

China's growth against odds raises world's hopes

China Daily  

Visitors interact with each other during the 14th Annual Meeting of the New Champions, also known as the Summer Davos Forum, in Tianjin on June 27. SUN FANYUE/XINHUA Experts expect much more on the policy front to secure future of firms, economy Confidence in China's economic growth remains strong among officials, economists and global entrepreneurs, as the world's second-largest economy …

Economic rebound prompts investment, new goals for foreign multinationals
1 year, 9 months ago

Economic rebound prompts investment, new goals for foreign multinationals

China Daily  

A hair show is held at the Shanghai Stadium by L'Oreal Paris Pro on March 2. China's steady economic rebound, encouraging signals and efficient policies introduced during the two sessions are boosting confidence among multinational companies operating in the country. Eager to turn those prospects into reality, foreign companies are ramping up investment, expanding their business lines and chalking up …

MNCs plug into China recovery theme
1 year, 9 months ago

MNCs plug into China recovery theme

China Daily  

The Dongsi Corridor of Guangzhou Baiyun International Airport is under construction in Guangdong province on Feb 23. Seeing the huge growth potential in China's ultra-large domestic market, Corning's Liu said he believes the China market will continue to serve as a major growth engine for the company's future development. "China's economy is expected to grow by 5.7 percent this year, …

MNCs plug into China recovery theme
1 year, 9 months ago

MNCs plug into China recovery theme

China Daily  

A cargo ship docks at a container terminal in Zhoushan, Zhejiang province, on Jan 28. "China's economy is expected to grow by 5.7 percent this year, contributing to around 40 percent of the global economic growth," said Robin Xing, Morgan Stanley's chief China economist. "Both the United States and Europe may face a year of subdued growth, and China, with …

Foreign investors to get increased support
1 year, 10 months ago

Foreign investors to get increased support

China Daily  

chinadaily.com.cn| Updated :2023-02-23 China is expected to launch more measures to enhance the confidence of foreign investors, especially in high-end and manufacturing industries, according to experts and business leaders. "Against rising protectionism and some countries' efforts to exclude China from global industrial and supply chains, China is expected to boost the confidence of foreign investors through concrete measures to sustain …

Long-term confidence marks A-share market
1 year, 10 months ago

Long-term confidence marks A-share market

China Daily  

The Shanghai Stock Exchange. Though key indexes dip, experts stay optimistic amid mfg PMI expansion Ups and downs can be seen as a natural phenomenon amid the A-share market's current upward trajectory, which is built on China's economic recovery, economic restructuring and stronger investor confidence, experts said. Although the benchmark Shanghai Composite Index shed 0.42 percent and the Shenzhen Component …

Long-term confidence marks A-share market
1 year, 10 months ago

Long-term confidence marks A-share market

China Daily  

The Shanghai Stock Exchange. Though key indexes dip, experts stay optimistic amid mfg PMI expansion Ups and downs can be seen as a natural phenomenon amid the A-share market's current upward trajectory, which is built on China's economic recovery, economic restructuring and stronger investor confidence, experts said. Although the benchmark Shanghai Composite Index shed 0.42 percent and the Shenzhen Component …

Morgan Stanley upgrades China stocks as global investors cheer on Covid reopening hopes
2 years ago

Morgan Stanley upgrades China stocks as global investors cheer on Covid reopening hopes

CNN  

Hong Kong CNN Business — Global traders are increasingly feeling more bullish on China, as they bet the country will gradually unwind Covid restrictions following widespread protests. “Multiple positive developments alongside a clear path set towards reopening warrant an upgrade and index target increases for China,” its analysts said in a research note on Monday. MSCI China, an index tracking …

Global investors are bullish again on China as Beijing switches to damage control
2 years, 1 month ago

Global investors are bullish again on China as Beijing switches to damage control

CNN  

Hong Kong CNN Business — Market sentiment on Chinese stocks hit rock bottom just weeks ago after President Xi Jinping secured a historic third term in power and stacked his top team with loyalists in a clean sweep not seen since the Mao era. Reuters also reported Wednesday that US regulators gained “good access” in their review of auditing work …

World swears by A shares on resilience
2 years, 11 months ago

World swears by A shares on resilience

China Daily  

An investor checks stock prices at a brokerage in Fuyang, Anhui province. For instance, UBS Global Wealth Management has said overseas investors' interest in the A-share market has been increasing. Although the A-share market fluctuated quite a bit this year, market mavens have a positive outlook for 2022 in anticipation of possible easing of monetary and fiscal policies for fresh …

Chinese net financial assets per capita at $14,258 in 2020: report
3 years, 2 months ago

Chinese net financial assets per capita at $14,258 in 2020: report

China Daily  

The gross financial assets of Chinese households increased 13.6 percent to 25,689 billion euros in 2020, according to the 12th edition of the Allianz Global Wealth Report released by Allianz Research on Oct 7, 2021. Chinese net assets per capita rose to 12,430 euros in 2020, up 13.9 percent on a yearly basis. Lockdowns brought by the COVID-19 pandemic drastically …

Global investors confident in China's growth
3 years, 8 months ago

Global investors confident in China's growth

China Daily  

A view of Beijing on Oct 28, 2020. Chinese equities have become even more attractive to global investors as the nation's robust economic recovery backed by a strong domestic market provides a stable and predictable environment amid COVID-19-related global uncertainties, top asset managers said. BlackRock, the world's biggest asset manager, with $9.01 trillion under management, is favoring Chinese equities that …

Global investors bullish on Chinese market
3 years, 11 months ago

Global investors bullish on Chinese market

China Daily  

An investor checks stock prices at a securities brokerage in Nanjing, Jiangsu province. Liu added that China's reform in capital market, efforts to build Hainan island into a high-level free trade port, the signing of Regional Comprehensive Economic Partnership, together with other measures showed that China is on the fast track of deepening reform and opening up, which is another …

Premarket stocks: China’s economy is the envy of the world
4 years, 2 months ago

Premarket stocks: China’s economy is the envy of the world

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. London CNN Business — China’s economy expanded by 4.9% in the third quarter compared to the previous year, according to government data published Monday, showing the rest of the world what’s possible when Covid-19 is brought under control. “China’s economy continued its rapid rebound last quarter, …

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