Comment: Veteran Wall Street is firmly seen that the Chinese stock market is expected

Source: Bloomberg

Author: jacob Gu

From the perspective of Jeff Degraf, earlier this week, the 35%of the Shanghai and Shenzhen 300 index rose 35%of the 10 -day record of a record of selling Chinese A shares to sell Chinese A shares.

In fact, the Renaissance Macro Research co -founder and CEO said he had been on Wall Street for 35 years.

He said in an interview that "suspicion, valuation, stimulus, kinetic energy, and trend changes" are all all.

It is based on this environment that the financial veteran who has worked in Lehman and Merrillin has now become one of the most Chinese people in Wall Street.He predicts that the A -share benchmark index will touch 6000 points in the next 12 months.Calculated from the recent closing price, this means that the increase will exceed 50%.

DEGRAAF has reached the list of technical analysts for 11 consecutive years in the annual survey of institutional investors as of 2015.He stated that the Chinese government launched the most radical stimulus measures for many years during the year's trial of the year's year's lows last month.

"Market -driven policy is just like a policy -driven market," he said.

Other predictions are more conservative compared to him.The latest amendment of Morgan Stanley is the goal of the Shanghai and Shenzhen 300 index reaching 4,000 points by June 2025, which means that there is almost no room for increase.

The CSI 300 Index fell 7.1%on Wednesday.Although it rose by 1%on Thursday, due to the lack of further major measures for the key press conference earlier this week, investors are cooling down by the enthusiasm of the stock market that stimulates the driver.

DEGRAAF suggested that investors "keep the stop loss without dogmaking" when betting on China.

The traders are waiting for a new policy to be issued in the Fiscal Ministry of Finance on Saturday.

"We believe that policy response is a response to self -protection and weak economic weakness, or maybe Mario Dragett's famous" at all costs "moment," Degraaf said.

The former Lehman chief technical analyst also faded the potential risk of the upcoming US presidential election to the Chinese stock market.

"This is only a Yu Xing show. It may not have much to do, and the market response will provide opportunities," he said.