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| HSCEI1 | 8,914.03 | -24.06 | 180.15B |
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2025-03-06 13:52:30 Although evidence of improving economic prospects in China is accumulating, inflation and reigniting consumer confidence to spend excess savings remain the country's top priorities, CLSA opined in its research report. While net exports provide a convenient growth buffer, the escalated trade war suggests a need to accelerate the shift toward consumption-driven growth. The official narrative (embracing private sector innovation and consumption) is positive with signs of initial stabilization in real estate and corporate earnings recovery lifting market enthusiasm. Still, it is pointed out by CLSA that rebounds in the Chinese market tend to fizzle out quickly followed by a significant pull-back. The broker was satisfied with its benchmark allocation (above most emerging market funds) and listed 13 high conviction ideas for exposure, including AAC TECH (02018.HK), Alibaba (BABA.US), BYD COMPANY (01211.HK), MENGNIU DAIRY (02319.HK), CHINASOFT INT'L (00354.HK), Didi (DIDIY.US), GEELY AUTO (00175.HK), JLMAG (06680.HK), KINGSOFT (03888.HK), NETEASE MUSIC (09899.HK), and XIAOMI-W (01810.HK). ~ AAStocks Financial News Web Site: www.aastocks.com | |