MCHI - JPMorgan Bullish On China Stocks Property Sector Despite Recent Struggles | Benzinga
JPMorgan has expressed optimism about the future of China’s stock market and real estate sector, despite recent challenges.
What Happened: Wendy Liu, Chief Asia and China Equity Strategist at JPMorgan, has a positive outlook on China’s stock market, reported CNBC.
Liu, speaking at the JPMorgan Global China summit, anticipates a pause in the recent stock rally but is confident that earnings will improve in 2024 compared to 2023.
She also noted that the Chinese stock market is still one of the cheapest in the Asia Pacific region, despite its underperformance in recent years.
The CSI300 equity benchmark hit an eight-month high on Monday and is up 4.97% so far this year ...