Ma Lei, the chief investment director of Jingshun China, believes that with the support of signs of China's economic recovery and more policy support, the MSCI China Index is expected to rise by more than 10%in 2024.
According to Bloomberg News on Wednesday (December 20), Ma Lei said in an interview with the media for the first time since he became the chief investment director of Jingshun China in April: "I expect to see a double -digit growth.It is about 10%, which should bring confidence to the market.China's continuous real estate crisis, weak demand for residents, and shrinkage risks continue to put pressure on the stock market. The valuation of the index has been lower than the average of five years.
Ma Lei believes that although many investors are still looking for a reason for selling, negative emotions should be in the "later" stage.By the second quarter of next year, investors' confidence in China's recovery should be enhanced.
He pointed out that recent economic data showed a certain upward momentum. For example, exports in November have increased slightly year -on -year, which is the first time since April; Caixin Manufacturing Purchasing Manager Index has also expanded unexpectedly.In addition, the market is generally expected that China's economy can achieve an official growth goal of about 5%this year.
Ma Lei believes that these are positive signals ignored by the market. "If the monthly data continues to show a growth trend, I think we will see some interesting changes in the next two quarters."P> According to the report of the Economic Development Daily on Tuesday (19th), Ma Lei said that the risk return ratio of investing in Chinese stocks is attractive, especially considering the current price -earnings ratio and a net net ratio evaluation, the valuation is at the lowest level in 10 years.Essence
According to the announcement issued by Jingshun in July this year, Ma Lei joined Jingshun for 15 years for Hong Kong Fidelity Investment Group to serve as the chief China investment portfolio manager.
