Blackrock：Good time to buy Chinese equities, especially growth stocks

BlackRock, the world's largest asset management institution, is cutting its exposure to Indian equities and becoming more optimistic about Chinese stocks because of attractive valuations. "Valuation is key now," said Belinda Boa, head of active investment for Asia Pacific at BlackRock. "We are starting to gain in China compared to What India has done this year and are more optimistic about growth stocks in China."

Blackrock has recalibrated its Asia-focused portfolio from underweight to neutral on Chinese stocks and scaled back its underweight expectations for Internet services companies.

Ubs is also bullish on Hong Kong stocks in 2022, forecasting a return of 7%-13% and a hang Seng target of 27,000 points.

Ubs said the expected resumption of customs clearance in Hong Kong and the mainland will drive some corporate earnings recovery, and Hong Kong banks, customs clearance beneficiaries and high dividend yield stocks will outperform the market in 2022 amid slower growth, tighter liquidity and higher real yields. Bullish on Macau gaming stocks and Hong Kong retail stocks.