Reported about 1 year ago
On June 11, 2024, following a Central Political Bureau meeting in China that revealed positive messages, ensuring economic recovery continuity, particularly in real estate, with a plan to actively reduce inventory, and the upcoming Third Plenum in July expected to strengthen market reforms. With policy support, investors anticipate a bullish stock market in Mainland China. Fund managers suggest investing in sectors benefiting from policies like cyclicals, high dividends, and technology innovation such as AI and robotics. Utility stocks are favored for long-term investment, along with industries like environmental protection, beauty care, and food and beverage. Through stable fiscal measures, China aims to address issues like deflation concerns, tepid consumption, a weak real estate market, and excessive debt, attracting global capital back. The upcoming Third Plenum is seen as a crucial meeting to further deepen reforms. Amid improved economic growth in China, global market funds may flow back into the A-share market, boosting recovery themes in domestic demand-related sectors. A shares with growth potential and attractive valuations in industries like materials, communication services, and home appliances are expected to benefit from positive sentiment, and some key A-share assets could be current focus for investors.
Source: YAHOO