From Investing.com: 2024-05-16 01:21:05

Analysts at CICC predict Chinese stocks may continue to rise with policy support and improving economic conditions. Stock indexes rebounded significantly from early-February lows, with some sectors outperforming. China’s economic recovery is ongoing, supported by policy measures and capital market reforms. Foreign capital flows into Chinese markets amid uncertainty in U.S. and Japanese markets.

CICC analysts highlight three major themes in Chinese markets: tech sectors like semiconductors, core asset makers of batteries and renewable energy, and sectors with high earnings visibility such as new energy vehicles. However, the Chinese economy faces challenges, including higher U.S. tariffs on key sectors and increasing debt levels affecting liquidity and recovery efforts.



Read more at Investing.com: China stock rebound rally still has legs- CICC By Investing.com