JP MORGAN CHASE(US:JPM) Jin Rong Jie·2025-12-10 07:30Group 1 - The core viewpoint is that Morgan Stanley predicts a significant rise in the Chinese stock market by 2026, driven by normalized valuations and measures to curb overcapacity, with an expected increase of approximately 18% for the MSCI China Index and about 12% for the CSI 300 Index [1] - The MSCI China Index has already seen a cumulative increase of over 23% this year, and since its low on January 13, it has risen more than 30%, indicating a strong recovery momentum in the Chinese stock market [1] - The MSCI Hong Kong Index is expected to rise by 18%, supported by capital flows and a recovery in the real estate market [1] Group 2 - Morgan Stanley forecasts a profit growth rate of 9% to 15% for the three major indices next year, providing fundamental support for the stock market's rise [1] - HSBC Private Bank shares an optimistic outlook for the Hong Kong market, setting a target for the Hang Seng Index to reach 31,000 points by the end of 2026, representing a 22% increase from the current closing price [1] - Measures to boost domestic demand in China are expected to enhance corporate profit margins, creating favorable conditions for stock market growth, alongside a stabilizing real estate market, expanding retail activities, active IPO projects, and growth in the tourism sector [1]