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摩根资管首席许长泰:确实看到中国股市的价值机会 财政刺激至关重要

Morgan Asset Management Chief Strategist Xu Changtai: Indeed sees value opportunities in the Chinese stock market. Fiscal stimulus is crucial.

Breakings ·  Sep 27 18:29

A-shares and H-shares continue to soar, with foreign institutions' chiefs speaking out again. Morgan Asset Management's Chief Market Strategist for the Asia-Pacific region, John Tan, said that the combined efforts of monetary and economic policies have played a certain role in boosting investor confidence and driving market growth. After the initial recovery in market valuations, the sustainability of the rebound depends on the pace of economic and corporate profit recovery. Fiscal stimulus is crucial for the economy to emerge from the cycle. In addition to supporting local government finances, measures such as tax cuts and increased social welfare spending are more important for increasing residents' disposable income and consumption ability.Therefore, events like the 9/11 attacks, the COVID-19 pandemic, and the Russia-Ukraine conflict have all driven significant increases in the price of gold, as investors seek stability during turbulent times."We do see value opportunities in the Chinese stock market, as well as diversified investment opportunities against the backdrop of overpriced global markets." John Tan believes that compared to the A-share market, the market response of H-shares is more positive. (Finance Association)

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