久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

A-share market forecast to sustain bullish growth

By ZHOU LANXU | China Daily | Updated: 2021-01-22 06:52
Share
Share - WeChat
Investors check share prices at a securities firm in Nanjing, Jiangsu province. [Photo by Xing Qu/For China Daily]

Chinese A-share assets are likely to continue outperforming most overseas equities in 2021, thanks to the country's robust economic recovery and the inflow of capital from foreign investors and domestic residents, experts said on Thursday.

The CSI 300 index, a benchmark of the A-share market, has climbed 6.79 percent since the beginning of 2021 to Thursday's close at 5564.97 points, trading around its highest level in 13 years and outrunning the S&P 500's 2.55-percent rise this year as of Wednesday, according to market tracker Wind Info.

"The A-share market is likely to continue leading global equities in 2021," said Channel Yeung, China market analyst at FXTM, a United Kingdom-based global trading platform.

While it will still take some time for many major economies to end large-scale lockdowns and achieve economic recovery, China is already on the positive growth track and is expected to further expand its momentum this year amid policy support, he said.

On Monday, China reported 2.3 percent economic growth in 2020, becoming the world's only major economy expected to have avoided contraction last year.

As consumption and corporate investment are normalized in China, A-share firms are expected to see their earnings rapidly recover, enhancing their investment allure and attracting more foreign investors, Yeung said.

From Jan 1 to Thursday, the A-share market saw a net inflow totaling 48.7 billion yuan ($7.5 billion) via stock connect programs with Hong Kong, with Jan 8 seeing 20.6 billion yuan worth of net inflows, the second-highest in history, according to Wind Info.

The bullish sentiment also prevailed among Chinese investors. A mutual fund issued by E Fund Management Co Ltd broke the record for the initial subscription amount in China's mutual fund industry on Monday, attracting more than 230 billion yuan in subscriptions.

The wave of Chinese families investing more in stocks and funds would be a key aspect of this year's market uptrend, thanks to the shrinking supply of shadow banking products curbs on housing purchases, as well as strengthened investor protection and quality of listed firms in the capital market, said Wendy Liu, head of China strategy at UBS Global Research.

Meanwhile, about 200 billion yuan worth of foreign capital is expected to flow into the A-share market this year, helping the CSI 300 climb to 5950 points in an optimistic scenario, Liu said.

Lynda Zhou, chief investment officer for equities in China at global asset manager Fidelity International, said the A-share market may outrun global equities this year amid continued foreign inflows, with cyclical shares that are the most sensitive to economic recovery and consumer discretionary sectors likely to be among the big winners.

Cyclical sectors like oil, chemicals, machinery and metals led the market higher on Thursday, sending the CSI 300 up 1.62 percent, according to Wind Info.

However, volatility will intensify in the A-share market this year, particularly as shares traded at high valuations face substantial downward pressure if their earnings fail to meet market expectations, Zhou said.

After ending last year on a strong note with the CSI 300 rising over 27 percent, some A-shares, especially industry leaders in the sectors such as liquor, medical care and new energy vehicles are now traded at relatively high valuations.

The expensive industry leaders may face short-term corrections as investors turn to cheaper companies, but should again attract investors when their valuation levels become more reasonable, given institutional investors' preferences for shares with high earnings growth and steady prospects, said Yeung from FXTM.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 亚洲a在线视频 | 久久精品国产亚洲综合色 | 毛片aaa| 国产黄色大片网站 | 亚洲爽| 九九精品久久久久久噜噜 | 欧美高清免费精品国产自 | 视频一区在线免费观看 | 日韩综合网站 | 美女黄影院 | 日本成人午夜 | 色狠狠色综合吹潮 | 国产精品99久久99久久久看片 | 亚洲综合色就色手机在线观看 | 亚洲品质自拍网站 | 在线看片亚洲 | 欧美在线播放视频 | 中文字幕亚洲日本岛国片 | 欧美一级人与动毛片免费播放 | 亚洲欧美国产高清va在线播放 | 亚洲国产精品免费 | 亚洲一区 中文字幕 久久 | 国产黄三级三·级三级 | 在线日韩欧美 | 日韩中文字幕精品一区在线 | 成人久久网 | 亚洲加勒比久久88色综合一区 | 日本一级毛片高清免费观看视频 | 国产专区一区 | 最近手机中文在线视频 | 免费中文字幕一级毛片 | 91精品国产高清久久久久 | 久久久这里只有精品加勒比 | 亚洲一级毛片中文字幕 | 欧美成人看片一区二区三区 | 亚洲第五色综合网啪啪 | 91精品手机国产在线能 | 国产亚洲精品激情一区二区三区 | 中文字幕乱码中文乱码综合 | 欧美亚洲日本国产综合网 | 欧美三级一区二区三区 |