China talks up markets amid slowdown concerns

The big five Chinese brokerages believe the A-share markets are poised for a good year.

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...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222