Wall Street is the consensus on China's stock market. Chinese policy policiesThe change of the stock market in November has spawned optimism, and also allowed some big banks to begin to change long -term viewing views.
According to Bloomberg reported on November 20, Morgan Stanley, who has always been cautious, has adjusted the target price of the Chinese stock market last week. It is expected that the MSCI China Index will rise by 14%by the end of next year.Bank of America also shifted to the tactical tactical of China's stock.As of October this year, the market value of several key stock market indexes in China has evaporated by more than one -third, and it has performed at the bottom of the world.
The view of JP Morgan Chase has changed faster, saying that the plunge of Chinese stocks at the end of last month provided investors with a good opportunity to increase its holdings.Tag of.
The reason why Wall Street Bank has turned to the Chinese stock market, which is related to China's policy unexpected adjustment in recent weeks.China has not only optimized the epidemic prevention policy, but also introduced a positive new policy of real estate and improved relations with the United States.After the 20th National Congress of the Communist Party of China last month, the Chinese stock market evaporated $ 6 trillion (about S $ 8.25 trillion). Recently, measures in various aspects have stimulated investors' enthusiasm for the Chinese market.
Jonathan Garner, the chief Asia and emerging market stock strategists of JP Morgan Stanley, said in an interview last week that the previous valuation discount of the Chinese market "With continuous information, you can start to perform better, and the bull market may last for several quarters.
The MSCI China Index has risen by nearly 24%this month, which will set the best performance since 1999; October in OctoberThe current decline is 17%. The Hang Seng China Enterprise Index and the Nasdaq Golden Dragon China Index are also in the bull market area.
Laura Wang, chief Chinese stock strategist at Morgan Stanley, said that if China continues to withdraw from the dynamic clearing policyAnd the economic recovery of further, the recent ups and dynamics may continue. "I think that the economy has completely liberated, consumer rebound, macro stability, and the recovery of the employment market has not been fully digested."
Garner and his team have correctly predicted to emerging markets and the Chinese market earlier this year.
