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UBS Bullish on A-/ H-shr Mkts for Whole 2024, Especially 2H24
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Since the Lunar New Year (LNY), UBS communicated with many overseas investors, and their views on the Chinese market became more positive, Eric Lin, Head of Greater China Research at UBS Investment Bank, said. One of the key reasons is that the regulators launched various initiatives, including regulating the reduction of stake of listed companies, balancing the liquidity of the primary and secondary markets in a more dynamic manner, and guiding listed companies to better reward shareholders from the governance perspective. All of these are of great concern from the perspective of foreign investors. With the recovery of the entire economy, the earnings of listed companies will further strengthen, and a new wave of market trend will not be ruled out in 2H24, Lin added. UBS was optimistic about the A-share and H-share markets for the whole 2024, especially 2H24. AAStocks Financial News |
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