Faced with the turbulence of the global financial market, China's A -shares have recently gone out of independence.Looking forward to the second quarter, investors regain the pace of economic recovery, and investors who interviewed almost agreed that A shares would win the global market.
Bloomberg's latest Lukang stock market questionnaire survey shows that among 13 analysts and fund managers responded to this issue, 12 in the second quarter performance of Chinese A sharesIn other markets, only one believes that U.S. stocks will lead the world.There are 12 digits of 12 points at the end of the second quarter of the Shanghai and Shenzhen 300 Index at 4261 points, and the latest closing price is 5.2%of the uplink space.The investigation received a total of 21 replies.
According to Bloomberg, after the upsurge of re -opening transactions, the lack of fresh Chinese stock markets performed weak in February and March.Global Index in MSCI AC.However, with the closure of Silicon Valley banks and the full record of Creditver AT1 bonds, the American banking crisis has caused the global financial market to be turbulent, and the diversified investment value of RMB assets has appeared. In the past three weeks, A shares have attracted foreign capital inflows.The pace of China's economic recovery is also accelerating, supporting investors to continue to be optimistic about future market performance.
"From the perspective of the fundamental or risk aversion, A shares are expected to win the global market." Pan Yuezhong, director of Suzaku Fund, said in response to the questionnaire. "On the one hand, because of China's economic cycle and overseas overseas,The misalignment is currently in the high probability of the upward cycle. On the other hand, the A -share phase is less sensitive to financial risks for overseas, and there is no liquidity pressure caused by financial institutions caused by the decline in interest rate -sensitive assets. "
UBS Securities China stock strategy analyst Meng Lei pointed out in the report of the A -share outlook in the second quarter of the second quarter that the expected economic recovery and downstream profit margin will drive each Shanghai and Shenzhen 300 index every everyThe growth rate of stock profit rose to 15%in 2023, and the upstream valuation rebound is expected to bring considerable upward space for the market.According to the report, a number of China's leading economic indicators continued to rebound, the central bank's reduction in macro policies such as maintaining the tone, the improvement of public fund issuance margins, and further increased support for the private economy, and the positive factor of the market is constantly accumulating.
In this survey, the most promising sector in the second quarter was the main line of consumption and technology.They believe that these industries can benefit from the upward cycle of the Chinese economy, have a lot of room for performance, and are the main attention of China's new government policy.The worst -performance sector may be real estate, raw materials and energy. Because Chinese developers' financing capabilities are still weak, the Russian -Ukraine conflict is expected to ease or cause the price of commodities such as crude oil to fall.
The institution is also optimistic about Hong Kong stocks, which predicts the median value of the at the end of the second quarter of the Hang Seng Index and the Hang Seng China Enterprise Index at 21411.5 points and 7,200 points, respectively.Uplotting space.As Alibaba announced the largest organizational change in history last week, and the expected expected investor emotions were boosted, JD.com also immediately announced the split plan. The Hong Kong stock market rebounded quickly.share.
Daniel SO, an analyst of China Recruitment Bank International Strategy, said: "The Hang Seng Index will continue to enjoy the valuation of value. RecentlyDetermination, but this has limited impact on the Chinese stock market. If the Fed's position turns to the pigeon, it will further promote the Hong Kong market, especially growth technology stocks. "
