Foreign financial institutions have again expressed their bullish outlook on the future performance of china's stock market. On November 25, Wang Zonghao, head of the china equities strategy research at ubs group, stated that the price return of the msci chinese index is expected to reach 5% to 6% by 2025, and believes that any pullback will provide investors with more attractive buying opportunities. Ma Lei, chief investment officer of invesco for mainland china and Hong Kong, is also bullish on the development of china's stocks over the next 12 months, believing there will be significant growth potential in A-shares by 2025.