China's stock market can still rise!

Recently, Bank of America strategist Lars Naeckter, who correctly predicted the sharp rise of China's stock market in September, has spoken again, stating that there is still room for growth in the Chinese stock market.

During a media interview, Naeckter stated that although the Hang Seng H-Share Index in Hong Kong has retraced nearly half of its recent gains in the past few days, considering the continued efforts of the national policies and the willingness of investors to re-enter the market, there is still a possibility for further market rebound.

Naeckter said:

"Opportunities still exist. Despite the remaining uncertainties, with stimulus measures continuing to ramp up in scale and duration, the market still has great growth potential from now on."

"There is still a healthy sense of doubt in the market, which is a good thing because it means there may not be an over-adjusted upward trend."

Naeckter's team also recommends a bullish stance on the large cap Chinese stock ETF in the U.S. market.Options strategy..

Apart from Bank of America, there are reports that last week Goldman Sachs' trading desk also recommended buying put options on the Hang Seng Enterprises Index and selling call options to hedge, indicating that the bank may expect significant volatility in the future, but at the same time does not want to completely exit the market.

JPMorgan's currency and emerging markets head Peter Yip also stated on Monday that given the prospect of global interest rate cuts, there is also an increased demand for hedging in China.

Editor/Somer