China’s market rebound in second half looks unlikely as policy tightening will hold back rally, BCA Research says

//China’s market rebound in second half looks unlikely as policy tightening will hold back rally, BCA Research says

China’s market rebound in second half looks unlikely as policy tightening will hold back rally, BCA Research says

A rebound in China’s onshore stocks will probably lose traction in the second half, as a shrinkage in aggregate financing foreshadows a moderation in economic growth and policy normalisation is set to continue to avert asset bubbles, according to BCA Research.The Canadian research firm continues to recommend an underweight position in yuan-denominated stocks on the Shanghai and Shenzhen exchanges after downgrading the shares by two notches from January to March.The recent uptick in Chinese…

Article by [author-name] (c) Business - South China Morning Post - Read full story here.

By | 2021-06-16T22:30:00+00:00 June 16th, 2021|Business|Comments Off on China’s market rebound in second half looks unlikely as policy tightening will hold back rally, BCA Research says