Morgan Stanley has lowered the rating of Chinese stocks to the flat distribution on Wednesday (August 2). It is recommended that investors use the stock market rebound of the stock market promoted by the Chinese government's economic stimulus plan to make a profit.
According to Bloomberg, China has recently made a series of promises to stimulate economic growth and revive China's sluggish private enterprises, so that Chinese assets have been boosted.However, Morgan Stanley analysts wrote in a report that these economic stimulus measures may be weak and bland, which is not enough to keep the Chinese stock market rise.
Analysts wrote that although China's official growth and support for private enterprises have become more clear, the meeting held by the Political Bureau of the Communist Party of China in July has also released a more gentle signal, but the investor's confidence is still very fragile.And investors are disappointed with the weak and bland economic stimulus measures since March, and they are still unwilling to allocate large -scale pre -configuration.
Analysts believe that the current market sentiment is focusing on the structural challenges of China, including local governments and unemployment issues. These problems still lack detailed solutions; other key issues, including China's dilemma,The situation of karma and geopolitical tensions in China and the United States requires improvement to attract sustainable capital inflows.
For the opportunity to return to the Chinese market, analysts said that the CCP's high -level officials will hold a meeting in October and may announce a new round of economic stimulus and reform measures.It may have been digested."The growth of profit growth is to the bottom, and the structural prospects are clearer. In addition, the geopolitical situation continues to stabilize, it will provide better upgrade opportunities and attract long -term capital return."
Compared with the last review, it is in the last review.Among the 28 developing countries' market configuration frameworks in Morgan Stanley, China's ranking has dropped from third to 13th.
