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UBS: CN Govt May Reveal More Clear Fiscal Support at High-level Meetings Later This Mth
Recommend 103 Positive 163 Negative 83 |
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China's National Development and Reform Commission (NDRC) held a press conference yesterday (8th) to announce a package of incremental policies. The NDRC reaffirmed its confidence in economic growth, UBS Global Wealth Management Chief Investment Office said. However, investors in the market who had higher prior expectations were slightly disappoint by the lack of new forceful fiscal action. UBS Global Wealth Management Chief Investment Office believed that the Chinese government may reveal more clear fiscal support at high-level meetings later this month. Until then, the broker expected more market volatility. Therefore, the broker remained bullish on using a barbell strategy in China, and investors under-allocated to China equities may consider using any dips to add exposure to preferred internet and consumer names. AAStocks Financial News |
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