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贝莱德:将中国股票的评级从中性上调至超配

BlackRock: Upgraded the rating of Chinese stocks from Neutral to Overweight.

Breakings ·  Oct 3 10:16

A recent weekly report released by BlackRock showed an upgrade of the rating of Chinese stocks from Neutral to Overweight. BlackRock Investment Research Institute stated that considering the significant discount of Chinese stocks compared to stocks in developed markets reaching near-record levels, and the potential catalyst for stimulating investors to re-enter the market, there is still room for moderate shareholding of Chinese stocks in the short term. BlackRock's Chief China Economist Song Yu believes that under the background of significant downward pressure on the economy and inadequate market information, this policy combination has great strength and a sense of urgency in its speed, which may be a turning point for the Chinese economy in recent years. "This round of policy is not a single department intensifying its efforts, but a more coordinated and interactive policy being introduced. With the drive of policy "goodie bags" from departments like the central bank, it is worth looking forward to the support and measures from other departments in the future. As the bullish policies continue, it is expected to see sustained positive market feedback," said Song Yu.

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