Tuesday, September 27, 2016
Unnecessary to be pessimistic on China's stock market
ANBOUND
Concerning the market's pessimistic opinions on the A Shares and Hong Kong stocks, Anbound’s special economist Zhong Wei believes that there is no need to be too pessimistic on China's stock market. There are a few reasons for this; firstly China’s stock market is less influenced by liquidity factors. Secondly, the United States’ stock market is reaching historic high, and A Shares are not. Thirdly, on the financial stocks, Zhong Wei believes that although Chinese banks face a number of problems, the valuation does not have serious problem; the Second Board’s SME board evaluation will not affect the overall situation. Compares with the stock markets of the United States and Japan, China’s stock market has much more opportunities.