China's upcoming national "two sessions" (National People's Congress and CPPCC Conference) are stimulating investors more preferred onshore stocks, not Hong Kong stocks, because investors expect that the growth measures that may be promoted in this meeting will be promoted.Benefits more of mainland stocks.
According to Bloomberg, the performance of the Shanghai and Shenzhen 300 indexes of the mainland stock market will exceed one index that reflects the Hong Kong stock market for the first time since October last year.Morgan Stanley strategist said that it is "time now" increased in shore openness.
People who look at the Chinese stock market will expect that the National People's Congress will become a new catalyst in the market on March 5. They expect that China will introduce more stimulating measures to maintain economic growth.
The main facing domestic customers is regarded as the main beneficiary.They have a low correlation with global macro factors such as interest rate hikes and make them more attractive to investors.
Bloomberg industry research analyst Ma Wenchen (translated, Marvin Chen) said: "A shares are more affected by factors such as consumption and local economy. Investors expect that the National People's Congress can produce some catalysts. "
He added that because Hong Kong's listed stocks are more vulnerable to global liquidity, when the market is worried about the Fed's tightening policy, they often perform poorly.
