Considering the nascent recovery in manufacturing activity, a stable Real Estate market, and better profit growth, HSBC remains optimistic about A-shares in 2025. HSBC maintains the target for the SSE Composite Index and CSI 300 Index at 3,800 points and 4,600 points, respectively, and is Bullish on industries that benefit from subsidies, such as home appliances and industrial equipment.
汇丰预计2025年A股将上涨，沪指年底目标3800点
HSBC expects that A-shares will rise in 2025, with a target of 3,800 points for the SSE Composite Index by the end of the year.
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