“看好中国股市”！多家中外机构发声

Core Viewpoint - The Chinese stock market has a clear medium to long-term upward logic, supported by economic resilience, institutional reforms, and favorable liquidity conditions from global monetary policy shifts [5][6]. Group 1: Economic and Policy Insights - The "15th Five-Year Plan" emphasizes the importance of modern industrial systems, highlighting sectors like new energy, advanced manufacturing, and future industries such as quantum technology and bio-manufacturing [3][4]. - The plan positions consumption as a strategic pivot for economic growth, indicating a shift in focus towards boosting consumer spending [3][4]. - Key goals include improving total factor productivity and increasing the household consumption rate, reflecting a balanced view of current economic challenges and opportunities [4][6]. Group 2: Stock Market Outlook - The Chinese stock market is expected to benefit from a robust economic recovery and institutional reforms that enhance the quality of listed assets [5][6]. - A favorable liquidity environment, driven by anticipated interest rate cuts from the Federal Reserve, is likely to attract capital inflows into emerging markets, including China [6][9]. - The A-share market shows improving fundamentals and attractive valuations compared to global peers, bolstered by recent policy announcements and easing trade tensions with the U.S. [6][8]. Group 3: Sectoral Focus - Investment opportunities are identified in sectors such as AI, renewable energy, and digital economy, which are expected to benefit from supportive policies [4][8]. - In the Hong Kong market, technology, green industries, and consumer sectors are highlighted as promising areas for investment [7][8]. - The A-share market is recommended for sectors like equipment manufacturing, new energy, and semiconductors, which are poised for growth due to favorable policies [8]. Group 4: Global Market Trends - The U.S. stock market is anticipated to continue reaching new highs, driven by strong corporate earnings, AI demand, and easing inflation pressures [13][14]. - Japan's stock market is also viewed positively, supported by valuation advantages, domestic capital inflows, and a stable political environment [14].