Group 1 - Multiple foreign institutions express confidence in China's economy and A-share market for 2026, with UBS predicting an overall profit growth of 8% for A-shares due to improved GDP growth and narrowing PPI decline [1] - Continued policy support is effectively boosting corporate profitability and investment value, with rising ROE levels and dividend yields expected for listed companies [1] - Macro policies, accelerated A-share profit growth, declining risk-free rates, and long-term capital inflows are anticipated to drive further valuation increases in the A-share market [1] Group 2 - Recent A-share market pullback attributed to three factors: global tech sector decline, high investment concentration in sci-tech themes, and profit-taking by investors near year-end [2] - Despite short-term adjustments in sectors like AI, the long-term logic of industrial transformation remains solid, with current market volatility providing opportunities for investors to acquire quality growth stocks at reasonable prices [2] - JPMorgan has upgraded its rating on Chinese stocks to "overweight," predicting a 17% upside for the CSI 300 index by the end of 2026 [2]
多家外资机构发布研报乐观预期A股估值空间
Zheng Quan Ri Bao·2025-12-03 16:07