Chinese stocks have performed well, A-shares to lead next bull market – Morgan Stanley
MARKET STOCKS VIEWS & ANALYSIS
Chinese stocks have performed well, A-shares to lead next bull market – Morgan Stanley
MARKET STOCKS VIEWS & ANALYSIS

Chinese stocks have performed well, A-shares to lead next bull market – Morgan Stanley

 

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China’s A-share market’s performance after the May Day holiday has been encouraging, with the Shanghai Composite Index hitting a 10-month high on Monday (April 8th), mainly driven by state-owned banks and other state-owned enterprise, while the CSI300 Index hit the highest since June last year, with trading volume doubled on month in the past three trading days, Morgan Stanley said in a research note. 

The Shanghai Stock Exchange plans to hold a ETF roadshow on “Discovering Investment Value and Promoting the Valuation Return of State-owned Enterprise” on May 11th. 

Morgan Stanley believes that the event will become a driving force for further upward movement of A-shares, and expects the CSI300 Index to move towards 4500, with a potential increase of about 11%.