China’s stock markets will rebound at least 15% this year with several sectors showing huge potential, according to mainland brokerages as the markets reopened after Chinese New Year.
The big five Chinese brokerages on average expect a rally of 20% in the A-share markets, they outline in their research reports.
Citic Securities expects the Shanghai Composite Index to peak at 2,500 this year, 23% higher than the last close before the Lunar New Year.
The reports came as the Shanghai and Shenzhen stock exchanges rose 0.6% and 1.6% respectively on Friday, the first post-holiday trading day.
Their bullish view also comes...