摩根士丹利：中国股票策略——走出困境

Laura Wang Equity Strategist Laura.Wang@morganstanley.com +852 2848-6853 February 19, 2025 09:00 PM GMT China Equity Strategy M Asia Pacific Insight Getting Out of the Woods We see sustainable structural improvement on ROE and valuation regime shift for offshore Chinese equities, enabled by corporate self-help, shareholder return enhancement actions, improved geopolitical conditions, and affirmation of government support for private sectors. Upgrade to EW with higher price targets for MSCI China and Hang Se ...