Recently, there has been a rumor on the internet about a 'short essay' by JPMorgan that is bearish on the Chinese stock market, claiming that JPMorgan predicts that the Shanghai Composite Index may fall to 2398 points within the year. In response, the reporter asked JPMorgan for verification, and JPMorgan stated that they have never published any related research reports. Liu Mingdi, JPMorgan's chief Asia and China stock strategy officer, told the reporter that JPMorgan issues an annual research report on China's stock market forecast at the end of October or early November each year, only predicting the CSI 300 Index and the MSCI Chinese Index. According to JPMorgan's predictions, by the end of 2024, the basic scenario expectation for the CSI 300 Index is 3900 points, the cautious expectation is 3500 points, and the optimistic expectation is 4200 points; the basic scenario expectation for the MSCI Chinese Index target point is 66 points, the cautious expectation is 56 points, and the optimistic expectation is 70 points. (Quanzhong News)