On October 26, CICC released a research report saying that China's capital market recovered significantly in the second half of this year. The Shanghai and Shenzhen 300/GEM Index/Hang Seng Technology had a cumulative correction of 20.2%/41.1%/18.9%/35.8% respectively since the high level during the year. Earnings have all turned negative during the year, and some leading companies have pulled back close to the “924” level. We believe that after experiencing significant adjustments, the overall valuation of A-shares has fallen below the historical average, and both horizontal and vertical comparisons have good investment appeal.
Zhitongcaijing · 4d ago
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On October 26, CICC released a research report saying that China's capital market recovered significantly in the second half of this year. The Shanghai and Shenzhen 300/GEM Index/Hang Seng Technology had a cumulative correction of 20.2%/41.1%/18.9%/35.8% respectively since the high level during the year. Earnings have all turned negative during the year, and some leading companies have pulled back close to the “924” level. We believe that after experiencing significant adjustments, the overall valuation of A-shares has fallen below the historical average, and both horizontal and vertical comparisons have good investment appeal.
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