中国股票策略・“慢牛” 指南：背景、动因、挑战与展望-China Equity Strategy _Guide to the ‘slow bull‘ (part 1)_ Background, reasons, challenges and outlook

ab Global Research What reforms are in progress? Current reforms focusing on investor returns (dividend payments, share buybacks, information disclosures) and market cap management could help to attract 'patient capital'; reforms directed at buoying M&A could facilitate companies' growth in size and strength; deepening SOE reforms may help drive re-ratings. Also, A-share liquidity may be improved by containing IPOs and major shareholders' stake reductions, coupled with efforts to draw in long-term funds. Mo ...